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6 Chennai Projects Get Top Ratings from CRISIL
Six real estate projects in Chennai have got top ratings from Crisil, which has, for the first time, has come out with a product to provide city-specific all round assessment of real estate projects. Addressing a gathering got up to announce the award of 7-Star rating to Abode Valley and 6-Star rating to Central Park — [...]
Continue reading...CMDA comes with New Guidelines to Meet Affordable Housing Demand
27. August 2010
In a bid to create housing stock jointly with owners having large tracts of land and to meet the increasing demand for affordable housing in Chennai metropolitan area (CMA), the Chennai Metropolitan Development Authority (CMDA) has framed a new set of guidelines for implementation of the Public Private Partnership (PPP) scheme. The guidelines comes in the [...]
Continue reading...VME Realty to Start Residential Project in Chennai
13. August 2010
VME Group, which has its presence in the real estate market from more than two-decade with focus on infrastructure, especially highway and railway bridges, has now turned its attention on property development. Construction is about to begin on its maiden residential apartment project that will offer a total of 302 apartments through a mix of [...]
Continue reading...Tata Realty to PUT rs 800 cr in Chennai projects
13. August 2010
Tata Realty and Infrastructure Ltd (TRIL), a 100 per cent subsidiary of Tata Sons, is planning to invest around Rs 800 crore in residential and infrastructure projects in Chennai. Besides, the company would also invest around Rs 1,400 crore in setting up logistics parks at 14 locations across the country. Sanjay G Ubale, managing director and [...]
Continue reading...Gang held in Theni for real estate fraud
27. July 2010
Group Created Papers To Make Ownership Claims The Theni police have arrested two persons and are on the lookout for three more on charges of committing real estate fraud by creating bogus encumbrances on some prime properties in Theni district and using the resultant disputes to extort money from the actual owners. The group had sought [...]
Continue reading...GVK seeks anchor investor to revive TN SEZ plans
13. July 2010
GVK, the Hyderabad-based infrastructure developer, is looking for an anchor investor so that it can revive its special economic zone (SEZ) project in Tamil Nadu. GVK and Tamil Nadu Industrial Development Corporation Ltd (TIDCO) have plans to develop a multi-product SEZ, spread over 3,000 acres, at Perambalur. The SEZ will offer manufacturing facilities to industries like [...]
Continue reading...SSPDL to Launch Villa Project in Chennai
13. July 2010
SSPDL, a leading property developer in south India has announced the launch of a premium villa project — Lakewood Enclave at Thalambur on Old Mahabalipuram Road (OMR), Chennai’s IT Corridor. The project is located behind the Sipcot IT Park at Siruseri. Spread over 3.89 acres, the gated community project will offer 28 villas. The project will [...]
Continue reading...Chennai may see large-scale revision in property tax
10. July 2010
Survey To Check Residences Used For Biz Purposes The Chennai Corporation has embarked on a massive exercise to detect commercial use of residential space and revise property tax accordingly to augment its revenue. More than 70 tax assessors have fanned out across the Kilpauk zone comprising Anna Nagar, Shenoy Nagar, Purasawalkam, Kilpauk, Aminjikarai, parts of Koyambedu, [...]
Continue reading...Chennai ranks high in list of property-related crimes
25. June 2010
In recent years, Chennai has expanded rapidly and so has crime in the city, particularly those relating to property. A survey of the statistics put out by the State Crime Records Bureau (SCRB) for the past four years, from 2006 to 2009, show that Chennai ranks high in all crimes relating to property, followed closely [...]
Continue reading...CREDAI Strengthens Presence in South Indian States
23. June 2010
The state chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI), Tamil Nadu, the apex body for real estate developers in the country, recently announced the launch of its Coimbatore, Madurai and Tiruchy chapters. Realty organisations from across Coimbatore, Madurai and Tiruchy would now be a part of CREDAI Tamil Nadu for [...]
Continue reading...Six new SEZs to come up in TN
23. June 2010
Six new special economic zones (SEZs)are expected to go on stream in Tamil Nadu during the current financial year. Total investments in these SEZs are likely to exceed Rs 50,000 crore. The state already has 11 SEZs (excluding information technology SEZs), which registered physical and deemed exports worth Rs 35,641 crore in 2009-10. Ajay Mittal, development [...]
Continue reading...Inno Real Estate launches Inno GeoCity in Chennai
22. June 2010
Inno Real Estate, a division of Inno, a global investment group focused on Indian real estate with operations in Europe, Middle East and India, launched its flagship residential project, Inno GeoCity, in Oragadam near Chennai. Addressing presspersons here on Monday, Group Managing Director Rajamannar Ramaswamy said GeoCity was Inno’s first own development project. The group had [...]
Continue reading...Bonanza for builders: FSI rules eased in other cities
17. June 2010
The development control regulations (DCR) in the second master plan of Chennai Metropolitan Development Authority (CMDA) have been made applicable to several cities across the state, including Coimbatore, Tiruchi and Madurai. It aims to to provide uniform guidelines for constructing buildings and developing layouts in all urban centres. Builders will enjoy higher floor space index (FSI [...]
Continue reading...Hirco hands over flats at Palace Gardens, Chennai
16. June 2010
Hirco Developments, which launched a large residential township project, Palace Gardens, couple of years ago during the realty boom at Oragadam near Chennai, handed over the first set of residential apartments last week. Palace Gardens is among Chennai’s largest township projects and will have 10,000 apartment units, when fully completed over multiple phases. However, in [...]
Continue reading...Regaliaa Realty Invest Rs 65 cr in hospitality and residential projects
10. June 2010
Chennai-based Regaliaa Realty Ltd is planning to invest around Rs 65 crore in various hospitality and residential projects. The company, which is currently promoting mid and high-end residential projects, said it would also look at foraying into low-end housing projects. The company has set up 11 services apartments under the brand Homcourt at Nugambakkam here and [...]
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- 6 Chennai Projects Get Top Ratings from CRISIL
30. August 2010
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