Latest Realty News

May 04, 2015
Chennai: Real estate broking company Coldwell Banker India is planning to appoint 30 franchisees by the end of 2015
May 04, 2015
Chennai: Residential property developer VGN Developers Pvt Ltd has entered the luxury apartment space segment
Apr 06, 2015
CHENNAI: Can real estate brokerage business in the metro, worth around `500 to `600 crore a month, be regulated to bring in transparency in the sector
Chennai takes commercial break as costs soar; regulatory overdrives eating business potential
Jan 14, 2015
CHENNAI: Real-estate developers in Chennai are seeing high land costs and regulatory overdrives
Bid to curb land fraud runs into court hurdle
Aug 19, 2014
An official attempt to curb fraudulent land transactions with the help of fake or outdated power of attorney documents has failed with the Madras high court quashing a circular by the inspector general of registration that said a 'life certificate' to prove that the landowner is alive must be submitted for registering a property
Chennai’s OMR not desirable anymore?
Jun 15, 2014
CHENNAI: Even about five years back, reasonable property prices made the micro-market Chennai’s Old Mahabalipuram Road (OMR) a desirable destination, but not anymore. The region has been increasingly losing its sheen among Chennai’s home buyers.
Banks offer women special loans, rates
Apr 15, 2014
CHENNAI: Taking a leaf out of home finance companies, banks are now wooing women with attractive auto loan offers. India's first women's bank, Bharatiya Mahila Bank is in talks with Tata Motors to offer its customers cheaper auto loans across the latter's entire car range. "We are looking at offering reduced margin for women customers," Usha Ananthasubramanian, CMD, Bharatiya Mahila Bank, said.
Malls, star hotels, govt among major property tax defaulters
Mar 31, 2014
CHENNAI: Corporation of Chennai has been falling short of its property tax targets for several years. While officials say the total arrears amount to around 250 crore, data accessed by TOI through an RTI application shows that more than 55 crore is due from the top 50 private defaulters. According to records, Chennai's oldest mall, Spencer Plaza, spread over 10 acres on Anna Salai, owes the most at 8.10 crore.
Reaping a rich harvest
Mar 28, 2014
CHENNAI: Farmland is not an automatic association with real-estate investment though it can offer rich pickings.
Mall space in Chennai to see momentum after LS elections
Mar 26, 2014
CHENNAI: The mall space in Chennai is expected to see an improvement in momentum after the Parliament elections as there might be some policy changes on the anvil for the retailers, according to commercial real estate services firm Cushman & Wakefield.
CREDAI trying to sign MoU with TN educational institutions to develop students’ technical skills
Mar 26, 2014
CHENNAI: Just 20% of the 2.5 lakh engineering graduates passing out of colleges in Tamil Nadu every year are employable, said Sandeep Mehta, president of Confederation of Real Estate Developers' Association of India (CREDAI), on Tuesday.
Now, Pay Your Taxes, Utility Bills at e-Service Centres
Mar 25, 2014
CHENNAI: Chief Minister J Jayalalithaa has inaugurated the first phase of a pilot project to set up a single window system for the payment of a number of taxes, fees and public utility bills.
Tata Housing to invest Rs 700 crore on housing project in Chennai
Mar 22, 2014
DELHI: Realty major Tata Housing today said it will invest over Rs 700 crore to develop a new housing project in Chennai.
Knock, knock! Who’s there?
Mar 20, 2014
CHENNAI: Three days after his cataract surgery, a 55-year-old watchman was back at work. He sat in his usual seat outside an ancient apartment complex in Kodambakkam wearing a nifty pair of dark glasses. It didn’t matter that he hadn’t regained his vision fully. Among his other chores like shopping for an old woman’s groceries, buying cigarettes for the bachelors on the fifth floor, and delivering a tenant’s lunch at a nearby office, “watching” was not a real part of the watchman’s job.
Star Hotels Turn Luxury Homes
Mar 19, 2014
CHENNAI: The city may soon be losing out a few star hotels. They are likely to be converted into luxury homes as the hospitality sector has hit a low with declining occupancy and fall in business.
Sensex scales new peak in pre-election rally
Mar 07, 2014
CHENNAI: Call it the Modi effect or a pre-election rally — the BSE Sensex hit an all-time high of 21,525 and closed at a historic high of 21,513.87 on Thursday, a day after the Election Commission announced the schedule for the 2014 Parliamentary elections.
Apartments between Rs 30-60 lakh most preferred: CREDAI
Feb 28, 2014
CHENNAI: Majority of home buyers opted for mid-range apartments priced between Rs 30 lakh and Rs 60 lakh at the seventh edition of the Fairpro 2014 that concluded here recently, real estate industry body CREDAI said today.
Kuwait’s Hayat ties up with Chennai firm, to invest $100 million in realty sector
Feb 27, 2014
CHENNAI: Kuwait's Islamic investment firm Hayat Invest will invest $100 million (about Rs 620 crore) in the Indian real estate sector in two years in partnership with Chennai-based residential real estate developer XS Real Group.
Chennai: 3 in 4 buyers look for apartments within Rs 60 lakh
Feb 25, 2014
CHENNAI: Over 70% of apartment buyers in the city purchase properties below Rs 60 lakh, going by figures thrown up by the just concluded three-day property fair, Fairpro, organised by the Confederation of Real Estate Developers’ Association of India (CREDAI).
Apartment hunt at this FAIR!
Feb 19, 2014
CHENNAI: With property pundits forecasting a rise in real estate prices post the elections, FAIRPRO 2014 is looking to give people a shot at buying their dream home at the best prices available now. “Post election, there might be drastic changes in the market. By the end of year 2014, we expect at least 15 to 20 per cent increase in the rates. So this is the best time as people are waiting to invest their money in properties,” said Suresh Krishn, Secretary, CREDAI Chennai, on Tuesday.
Your Dream Home May Get Dearer
Feb 12, 2014
CHENNAI: Now flats in Chennai are likely to become a tad more costly since the Chennai Metropolitan Development Authority (CMDA) has decided to charge four times the previous security deposit from the builder while issuing planning permission.
Landmark hotel to make way for apartments
Jan 30, 2014
CHENNAI: The hospitality sector in Chennai is going through rough weather with many a hotel being put on the block for want of patronage. In less than a year, the city is all set to lose its third hotel to real estate promoters.
Indian Bank, IOB launch special drive for home loans
Jan 23, 2014
CHENNAI: In an attempt to target prospective home buyers, public sector lenders -- Indian Bank and Indian Overseas Bank -- are offering home loans at interest rates of 10.20 and 10.25%, respectively.
Chennai’s Valasarawakkam: A growing residential hub
Jan 21, 2014
CHENNAI: Valasarawakkam, one of the hottest property destinations in Chennai today, is situated on the South-west of Chennai between Virugambakkam and Porur on the East and West and bordering Ramapuram and Maduravoil in the South and North directions. It has witnessed rapid real estate activities in the last few years. Valasarawakkam was recently annexed to Greater Chennai in the year 2011. Since then it has been seeing growth both, in terms of inventories and demands. Thus, it has been showing
Private firms to develop industrial estates in TN
Jan 21, 2014
CHENNAI: Tamil Nadu will soon have industrial estates developed by consortiums of private companies coming up in various parts of the state. The traditional method has been for government agencies to facilitate the development of industrial parks and offer space to industry.

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