Latest Realty News

Chennai: Retail mine along railway line
Apr 09, 2014
CHENNAI: In the mid-1990s, the Chennai Mass Rapid Transit System (MRTS) made headlines for being the first elevated railway line in India. In mid-2000s, the railway line was extended from Mylapore to Velachery and now, plans are underway to extend it further to St Thomas Mount.
Giving heritage homes a new lease of life
Apr 07, 2014
CHENNAI: The Great Indian Bungalow is dwindling faster than the Great Indian Bustard. Residences in the architectural style of the mid 19th or early 20th century are either giving themselves over to redevelopment or rot. The former’s fate lies with owners who are chary of having their properties listed on heritage inventories. They worry that it might throw a spanner in their plans for redevelopment, even though a legal mechanism doesn’t currently exist to regulate such action.
Chennai Corporation collects Rs 480 crore as property tax
Apr 03, 2014
CHENNAI: Chennai Corporation's property tax collection for 2013-14 crossed Rs 480 crore, the highest ever, corporation officials said on Tuesday.
Office market to witness an upward trend ahead
Apr 02, 2014
CHENNAI: India’s economic momentum in 2013 was one of the most sluggish in over a decade. Signs of recovery, however, were visible from the second half of the year, with GDP growth touching 4.8 percent during the July-September period, largely on account of improved performances in the agriculture, financing, insurance and business services sectors, as against a 4.4 per cent growth rate during the April-June period.
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.
Chennai: Marked by mansions
Mar 25, 2014
CHENNAI: When a bachelor comes to Chennai for work or higher education, the hunt for accommodation invariably takes him to what is known as mansions. When Anand Nair, a city-based banking professional came to Chennai for his job, he was taken to one of the many mansions in the busy lanes of Triplicane and he was taken by surprise with the complete contrast he saw. “By a mansion, I had quite a different picture in my mind. What I saw was a building with many rooms, which was more or less like a l
Will the tapering of funds affect the realty sector?
Mar 19, 2014
CHENNAI: With liquidity tapering, the US federation may consider withdrawing stimulus programmes that it provides to developing nations like India. If the federation does so, it will have an impact on our economy (particularly the real estate sector) but to a very limited extent, say most stakeholders of the industry. Had it happened 6-7 months back, it would have created a much larger impact on our economy. Thanks to some of the corrective measures that the RBI took quite recently through which
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).
Chennai: 60% of big properties remain undervalued
Feb 12, 2014
CHENNAI: Corporation of Chennai has been losing crores of rupees due to its failure to revise itsproperty tax structure since 1998 and massive undervaluation of properties by owners.
Vijay Mahtaney looks for a buyer for the super pricey Boat Club property
Feb 12, 2014
CHENNAI: Businessman Vijay Mahtaney is looking for a buyer for his over nine grounds (one ground is 2,400 sq ft) of property in Chennai's Boat Club area, its most expensive address, in what could possibly lead to one of the priciest residential realty deals in the city in recent times.
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
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.
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
Ceebros drops prices in premium areas of Chennai
Jan 10, 2014
CHENNAI: In a move that is bound to shake up the realty market in the city, leading builder Ceebros has dropped prices for residential projects in the upmarket Nungambakkam, T Nagar and Poonamallee High Road areas. The disruptive strategy, it says, is only to ensure that it is not saddled with unsold stock at a time when the market is very sluggish.
PIL wants sale of prime trust property cancelled
Dec 11, 2013
CHENNAI: The sale of a prime property belonging to a 125-year old trust in Kumbakonam has come under judicial scrutiny, with the Madras high court issuing notice to the Thanjavur district administration and others on Monday.
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.
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
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.
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.
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.

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