Latest Realty News

Chennai housing market to see 16K launches in 2014
Jan 17, 2014
CHENNAI: The residential real estate sector in Chennai is expected to see a completion of more than 16,000 residential units across all categories in 2014, as against 13,000 units launched during 2013.
Corporation of Chennai off tax target, infra spend may be hit
Jan 14, 2014
CHENNAI: Cash-strapped Corporation of Chennai doesn't have the funds to pay the salaries of contract workers but it is set to fall short of its property tax revenue target for a second successive year.
70,000 apply for 248 CMDA subsidised plots
Jan 13, 2014
CHENNAI: Applicants thronged the CMDA office at Egmore as the last day for registration for CMDA-approved plots came to an end on Monday.
A high road story of Chennai
Jan 13, 2014
CHENNAI: The Poonamallee High Road, or EVR Periyar Salai, stretches east-west, almost from one end of the city to the other. It is one of the longest, broadest and oldest roads in our part of the country. It has been named after the historic village of Poonamallee mainly because it was initially meant to connect many areas within the city to this village. According to scholars, the name Poonamallee is derived from the Tamil term Poo Virunda Malli (Arabian jasmine) alluding to the profuse cultiva
Housing sales down 33% in Chennai in 2013; prices up 5-7%
Jan 10, 2014
CHENNAI: Sales volume in the real estate sector in the city during the last one year witnessed a 33 per cent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.
Sales volume in real estate sector in Chennai declines: Study
Jan 10, 2014
CHENNAI: Sales volume in the real estate sector in the city during the last one year witnessed a 33 per cent decline owing to the impact of global slowdown due to high inflation and negative buyer sentiments, research firm Knight Frank said today.
Realty: Then and now
Jan 04, 2014
CHANNAI: The economic downturn in the year 2013 has had an adverse impact on various sectors and the realty sector has not been insulated by these changes. The year has been one of guarded optimism and the sentiments were rather cautious from both investors and builders.
Real Estate Promoters in Chennai,Chennai Real Estate,Real Estate Developers in Chennai
Dec 31, 2013
CHENNAI: The Consumer Disputes Redressal Forum, Chennai (South) has ordered a real estate promoter to refund the amount deducted as cancellation charges from the installment paid by a woman who had booked an apartment in a project mooted by the firm in 2008.
Chennai, the hot spot for new retail ventures in 2013
Dec 30, 2013
CHENNAI: Establishing its position as one of India’s fastest growing markets for organised retail, Chennai accounted for over half of the new property rentals and purchases that took place in the space in January-September, 2013.
Bleu villas at Kovalam
Dec 28, 2013
CHENNAI: The Chennai-based Vijay Shanthi Builders will soon launch a 19-villa project, Bleu at Kovalam on the East Coast Road to the south of the city.
Another project on OMR
Dec 28, 2013
CHENNAI: Adroit Urban Developers is set to formally announce the launch of Artistica, a two-acre residential development on the OMR. The multi-storeyed apartments are coming up at Sholinganallur junction to the south of Chennai. Over 145 apartments and coming up on three towers of stilt plus 10, 13 and 16 floors, according to the developer.
Shopping malls set to grow, not only in numbers but also in size
Dec 27, 2013
DELHI: Malls in India are getting bigger as developers are focusing on projects that can accommodate more shoppers and offer various facilities under one roof. The average size of malls is likely to increase to 470,000 sq ft in 2015 from around 380,000 sq ft now, according to a study by property advisory firm Jones Lang LaSalle (JLL).
What affects your realty investment in Chennai
Dec 27, 2013
CHENNAI: Various macro and micro factors impact real estate investment in a city. Here the author talks about factors that impact property investment in Chennai. However, before that let us understand what these macro and micro factors are
IndiaProperty gets $12-m funding
Dec 20, 2013
CHENNAI: Real estate advisory portal indiaproperty.com, held by India Property Online Pvt Ltd, has received its second round of funding of $12 million (around Rs 75 crore) from Bertelsmann, with participation from existing investors Canaan Partners and Mayfield Fund, who got on board India Property in April 2012.
Small projects in Chennai see faster turnover
Dec 14, 2013
CHENNAI: Large residential projects may grab a lot of attention. Sales here may indicate market trends but developments offering a handful of apartments in a plot of a couple of grounds, a characteristic of Chennai, continues to attract buyers in prime locations. Developers focussing on this segment have set their eyes on faster turnaround.
Fewer homes crop up this year
Dec 14, 2013
CHENNAI: There has been a drop of 12 per cent in new residential project launches in 2013 as compared to the last year, according to a report by international property consultants Cushman & Wakefield.
All decked up for Christmas
Dec 14, 2013
CHENNAI: Columns and stairways are decked up in bling and serial lights were wrapped around columns and stairways; colourful balloons are hung high; the atrium of Express Avenue, one of the busiest shopping malls in Chennai, has morphed itself into a mini ‘jingle’ forest with Christmas trees, mountains and brooks. A toy train is chugging around the forest.
KGS hits new ground with Chennai Open partnership
Dec 14, 2013
CHENNAI: Aircel Chennai Open has announced that KGS Group will be the Official Real Estate Partner of the $4,50,000 tournament.
Aldea builds on tropical garden theme
Dec 14, 2013
CHENNAI: Casa Grande Pvt Ltd has launched a tropical garden themed residential project at Thoraipakkam, a suburb to the south of Chennai.
Chennai authorities seal RIL's commercial property
Dec 13, 2013
CHENNAI: A commercial building owned by Mukesh Ambani's Reliance Industries Limited (RIL) in the city has been blocked and sealed by the Chennai Metropolitan Development Authority (CMDA) for the alleged violation of construction norms.
Liquidity, realty demand slump keep home loan rates in check
Dec 13, 2013
CHENNAI: Home loan rates may have firmed up a bit in the last 10 days but the range is still lower than the July-August levels and a number of markets are already witnessing some price correction in under construction projects, say top banking sources.
Casa Grande eyeing to launch 1,000 villas in 2013-14
Dec 05, 2013
CHENNAI: Real estate developer Casa Grande has lined up projects worth Rs 1,250 crore and plans to launch more than 1,000 villas during the current financial year, the company said.
Ozone building strategy around large gated communities
Dec 03, 2013
CHENNAI: Large gated communities are the future of residential real estate, says S. Vasudevan, CMD of Bangalore based-developer, Ozone Group.
‘Cities need pavements’
Dec 02, 2013
CHENNAI: Pavements are cities’ most important infrastructure but the biggest problem in Chennai and other cities in Tamil Nadu is the lack of pavements, according to Enrique Penalosa, former mayor of Bogota, and expert in urban policy.
Book on land records rates TN second in quality of service
Dec 02, 2013
CHENNAI: Administrative reforms in state government departments like revenue, registration and town and country planning have a long way to go in the country, which is often riddled with red tapism and malpractices like registration of fake documents, entering of wrong owners’ names in revenue records and proliferation of unauthorised buildings.

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