Latest Realty News

Realty connects with retail
Dec 02, 2013
CHENNAI: Indonesia, China and India are set to experience the highest rates of B2C e-commerce sales growth by 2017. A new report from Jones Lang LaSalle, ‘E-commerce boom triggers transformation in retail logistics – Driving a global wave of demand for new logistics facilities’ highlights the crucial role that the logistics property sector will play in the Asia Pacific region and how it must adapt to changing consumer demand. Global online sales currently account for four per cent of total retai
Chennai: Mission Decongest
Nov 27, 2013
CHENNAI: A few weeks back, Ashish Raghuram was held up for hours on the stretch from Vadapalani to Koyambedu, as he was trying to catch a bus from the private bus stand to his hometown in Kerala. While he reached the bus stand late by half an hour, he still managed to catch the bus, as it was more than two hours late from the scheduled time of departure. Come festive season and thousands get stranded in traffic around Koyambedu. But even on a normal day, the traffic during the evening hours gets
IT, inclusion in city limits work well for real estate in Valasaravakkam
Nov 27, 2013
CHENNAI: A 1,000-sq ft apartment which was available in Valasaravakkam for around Rs 43 lakh in 2011 today commands approximately Rs 62 lakh. Valasaravakkam, a suburb in South Chennai, has recorded a rise of nearly 43 per cent in capital values of residential properties in the past two years, as per Magicbricks.com research. Let’s take a look at the factors which make this locality click.
Apartment life in Chennai
Nov 26, 2013
CHENNAI: A hassle free apartment or a flat or a house is fast getting extinct from the city.Last Sunday, I drove 50 km from the city with my daughter to the nearest village to show her a live chicken. Days are not too far for you to show your grandchildren how a hassle free Independent house looks like. Because a hassle free apartment, flat or a house has become a species which is fast getting extinct from the city.
Puravankara announces 2nd luxury project
Nov 22, 2013
CHENNAI: Real estate developer Puravankara Projects LtdBSE -1.51 % today announced its second luxury project 'Purva Amaiti' at Singanallur in Coimbatore.
Ascendas to invest Rs 3,000 cr in Indian cities
Nov 20, 2013
CHENNAI: Singapore-based commercial space developer Ascendas Pte Ltd has launched the Ascendas India Growth Programme, targeting an asset size of over Rs 3,000 crore (S$600 million) to invest in commercial space in major Indian cities, according to a press release from the company.
Japanese firm shortlisted to set up facility at OneHub
Nov 19, 2013
CHENNAI: Japanese companies Hitachi Automotive Systems, Ajinomoto and Takasago International Corporation are to set up manufacturing facilities near Chennai.
Norms soon to monitor building plan compliance
Nov 19, 2013
CHENNAI: Licensed surveyors who prepare building plans for Corporation approval will also be held responsible for monitoring and compliance, said Chennai Corporation Commissioner Arvind Kapur. Guidelines will soon be announced to implement this.
The future of prefabricated housing in Tamil Nadu
Nov 18, 2013
CHENNAI: Pre-cast houses? Need not be outlandish for the home-aspiring Tamilian who for all the right reasons associates a home with attributes such as ‘solidity’ and ‘permanence’. A home is a place where you ‘settle down’. A house is an asset for future generations. And a home is a place that can offer the ultimate security. So, will the concept of modular or prefabricated homes ever find even a niche in the Tamilian mindset? YES, feels Pon Ravichandran.
‘Not enough policy support for real estate’
Nov 16, 2013
CHENNAI: The real estate sector is not getting adequate support from banks and policy makers despite its contribution to economic growth, according to Lalit Kumar Jain, Chairman, Confederation of Real Estate Developers Association of India (CREDAI).
Seven factors to consider before buying home for yourself
Nov 15, 2013
CHENNAI: Buying property is a lifetime decision. Whether you buy it for end use or for the purpose of investment, it takes a lot of research and due diligence. No doubt, budget and location are among the primary factors that help in short-listing but the final decision is generally based on the combination of several other factors. Some of the top factors include the following.
Real Value Promoters launches super luxury project--Czar
Nov 12, 2013
CHENNAI: Real estate developer Real Value Promoters today announced its upcoming luxury project -- Czar's to be set up in the city.
High-end homes of Real Value
Nov 09, 2013
CHENNAI: Czar’s is a luxury residential project at the upmarket R.A. Puram. The project from Real Value Promoters offers 18 apartments of 4,500 to 6,000 sq.ft with premium features. Priced at about Rs 29,300 a sq.ft, an apartment at the project will cost about Rs 14.5 crore to about Rs 20 crore.
‘Chennai is a robust market’
Oct 28, 2013
CHENNAI: Over the last decade, VGN Developers has evolved from selling plotted layouts to developing residential projects in the suburbs to building high-end projects in the city. The transition has been in line with the trends in the residential market. VGN believes there is a huge demand for high-end homes in the city, which is a healthy and robust market in which prices have not crashed in three decades. Pratish Devadoss, Managing Director, shares some of the company’s plans and views on the
The landlord-tenant relationship
Oct 28, 2013
CHENNAI: Very often, the relationship between a tenant and a landlord is not the most pleasant. It is characterised by conflict of interest, bitter conversations and, sometimes, legal battles.
BBCL Sukriti offers luxury apartments
Oct 28, 2013
CHENNAI: Bharat Building Construction (I) Pvt. Ltd is developing ultra luxury apartments in T. Nagar, the residential and commercial hub of Chennai.
Four steps to successful real estate investment in Chennai
Oct 25, 2013
CHENNAI: Whilereal estate is one of the most popular asset classes, it requires a combination of knowledge and discipline to generate healthy returns on investment. Here are four steps that could help you in making a successful decision and reap rich rewards in the long term.
Porur registers 40% increase in prices in 2 years
Oct 24, 2013
CHENNAI: A 1,000-sq ft apartment in a multi-storey project, which was selling at Rs 35 lakh until September 2011 in Porur is now available for Rs 50 lakh, as per MagicBricks.com Research. The locality has registered almost 40 per cent growth in prices, in the past two years.
Livability and connectivity drive real estate in Vadapalani
Oct 24, 2013
CHENNAI: With residential options ranging from multi-storey apartments to builder floors available within a wide budget of Rs 50 lakh to Rs 2 crore, Vadapalani is one of the most preferred residential locations in Central-west Chennai. Let’s take a closer look at what makes Vadapalani a locality of choice.
Approval for housing schemes in Madurai, Sholinganallur
Oct 22, 2013
CHENNAI: The Tamil Nadu chief minister has given administrative approval for two housing schemes — a satellite township in Madurai and construction of 1,500 flats at Sholinganallur near Chennai.
Approval for housing schemes in Madurai, Sholinganallur
Oct 22, 2013
CHENNAI: The Tamil Nadu chief minister has given administrative approval for two housing schemes — a satellite township in Madurai and construction of 1,500 flats at Sholinganallur near Chennai.
Green Tree ropes in COWI India as structural designer
Oct 19, 2013
CHENNAI: Green Tree Homes & Ventures Pvt. Ltd., one of the leading real estate developers in the state, today announced a strategic alliance with COWI India Private Ltd., an ISO 9001: 2008 certificated company providing engineering services in the fields of Roads & Airports, Railways, Tunnels & Bridges, Marine Engineering and Buildings. COWI India will be the Structural designer for Green Tree’s 101, 1001 and 201 projects.
Why Urapakkam is treading well in rental accommodation segment
Oct 11, 2013
CHENNAI: Located on the GST Road in South Chennai, Urapakkam has been the place IT professionals prefer for rental housing. As a suburb in the Kanchipuram District, Urappakam is located between Vandalur and Guduvancheri. Here are some of the major reasons it holds good prospects.
Popping the myth of the property bubble
Oct 06, 2013
CHENNAI: Most Indians believe that property is the ultimate investment. After all, haven’t home prices been heading only one way — up? For instance, prices in Chennai have trebled since 2007.
North Chennai v/s South Chennai
Sep 24, 2013
CHENNAI: In the past year, Suresh of S Promoters has sold about 80 per cent of his properties in North Chennai. However, his South Chennai properties still remain unsold. “Today, there is an oversupply in the South Chennai market. But in the northern part of the city, the ratio of availability and demand is at par. Also, in North Chennai, people can buy flats at two-third of the rates of South Chennai,” he says.

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