Latest Realty News

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.
Chennai developers scout beachfront options
Oct 01, 2013
CHENNAI: Clearing the air over rules governing construction of buildings in coastal regulation zones (CRZ), Chennai Metropolitan Development Authority (CMDA) has started issuing approvals for residential projects on the beachfront. The road abutting Elliot’s Beach in Besant Nagar will soon house one such project, a three-storeyed residential building being promoted by a prominent city builder.
Metro boost, new affordable localities keep Chennai real estate active
Sep 21, 2013
CHENNAI: As Chennai eagerly awaits the advent of the city’s Metro rail services, the real estate industry too, watches with bated breath. As the rapid transit services roll out in phase after phase in city after city, both transport corridors and real estate have had a love-hate relationship with each other.
Realty bites: Chennai sales not express
Sep 12, 2013
CHENNAI: The first residential realty market to rebound in early 2010 from the 2008 slump experienced a 200% plus appreciation over the past three years. But Chennai isn’t insulated from the present downturn. Builders, who a year ago sold 30 to 40 suburban units a month are struggling to touch double digits.
Highways charts out route for vital OMR-ECR road link in Chennai
Sep 09, 2013
CHENNAI: The highways department has finalised the alignment of the new link road between East Coast Road (ECR) and Old Mahabalipuram Road (OMR). The final decision was made by a steering committee with top officials from the highways, Chennai Metropolitan Development Authority (CMDA), Chennai Corporation and police.
Big extension to houses will need new power line in Chennai
Sep 07, 2013
CHENNAI: All low tension power consumers wanting to extend their houses by more than 2,000 sqft will now have to get new power connections for construction activity. Tamil Nadu Electricity Regulatory Commission (TNERC) on September 3 ordered that house owners should not use their existing connections for construction purposes.
Check out Pallikaranai for single floors, multi-storey apartments
Aug 19, 2013
CHENNAI: If you have a budget of Rs 20 lakh to about Rs 1 crore and are looking for a residential property in South Chennai, check out Pallikaranai. With a robust supply of 2 and 3BHK units, there is enough supply of single floors and multi-storey apartments here.
Luxury housing, redevelopment caters to demand in RA Puram
Jul 22, 2013
CHENNAI: Touted as one of the most-developed residential locations in Central Chennai, RA Puram is considered to be the ultimate residential abode in the city if one is looking for a well-connected and up-market yet calm area.

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