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City realty developer held in Bangalore for land scam Chennai
Chennai: A city-based real estate developer was arrested by the Bangalore police in connection with a Rs 20-crore scam in Tamil Nadu and a Rs 7-crore land scam in Bangalore on Wednesday. Officials of the Central Crime Branch (CCB) of the Bangalore police arrested Manivannan, director of Chennai-based JBJ City Developers. Confirming the arrest, a police [...]
Continue reading...New Chennai-B’lore road to cut 100 kms
15. February 2010
The traveling time between Chennai and Bangalore by road could get shorter with the governments of Tamil Nadu and Karnataka evaluating possibilities of reducing distance between the two cities to about 250km from the present 350km, with plans also afoot to promote this route as an industrial and manufacturing hub. A pre-feasibility study has already [...]
Continue reading...GST ROAD VS OMR
13. February 2010
The two roads that are most talked about by developers and investors alike seem to be GST Road and Old Mahabalipuram Road. What if you pit them against each other? he two roads that have gained prominence over the previous few years for the real estate investors and end-users in Chennai are, without doubt, GST [...]
Continue reading...CREDAI Tamil Nadu comes up with Low Home Loan Offer
12. February 2010
The Tamil Nadu chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) on Thursday announced an interest subvention scheme for those purchasing properties from its 45 members. Addressing a media conference on ‘Fairpro 2010,’ the third in the series of annual property fair of CREDAI-Tamil Nadu, Chairman of Fairpro 2010 Sandeep Mehta [...]
Continue reading...Emaar MGF Expands its Operations in Chennai
23. January 2010
Emaar MGF, a joint venture between Emaar of Dubai and MGF of India and a leading real estate development company, expanded its presence in Chennai with the launch of The Avenues on Tuesday. Wilson Mathews, Head, Sales (South), Emaar MGF, said ‘The Avenues’ was part of Esplanade, one of the largest residential projects (14 acres) [...]
Continue reading...Blacklist builders flouting plan: HC
5. January 2010
‘Withhold Sanction For Fresh Projects Of Builders Who’ve History Of Plan Violations’ Chennai: The search for a mechanism to rein in builders and developers who churn out buildings in violation of sanctioned plans or raise unauthorised constructions, may end here. If this suggestion of the Madras high court is implemented, unscrupulous builders and promoters, who flout development [...]
Continue reading...Chennai city to get bigger
30. December 2009
Move Will Help Develop The Suburbs Fulfilling a longpending demand for better infrastructure and amenities for the suburbs, the Tamil Nadu government has finally ordered merger of several local bodies with Chennai Corporation, expanding its area from the present 174 sqkm to 426 sqkm. The move to expand Chennai and create a larger urban agglomeration [...]
Continue reading...Govt to acquire 21 acres of pvt land for Metro
28. December 2009
Talks For Koyambedu Plots In Jan Chennai Metro Rail Limited has estimated that at least 17% of the total land it requires to execute the mass transport project will have to be acquired from private individuals. The government agency, which proposes to complete the metro project by 2015, has identified specific areas along the proposed routes [...]
Continue reading...Property registration to go digital to curb fraud
24. December 2009
Chennai: In a move aimed at curbing fraudulent and benami property transactions, the Tamil Nadu Registration Department is all set to introduce biometric fingerprinting and digital photographing for registering documents at all its 573 sub-registrar offices. The technology-enabled system, for which the Registration Act has been amended, is expected to be implemented from February next year. [...]
Continue reading...Tata Realty to develop Rs 3,500-crore IT city in Chennai
22. December 2009
Tata Realty and Infrastructure Limited (TRIL) said that it will develop a Rs 3,500 crore IT Special Economic Zone (SEZ) The state-of art commercial and residential ‘Ramanujan IT City’, to be built over 26-acres of land at Taramani area of Chennai, is promoted by TRIL Infopark, a JV between TRIL, TIDCO and Indian Hotels Company. The project’s [...]
Continue reading...Godrej Properties Joins Hand with Addison to Develop Residential Project near Chennai
20. December 2009
Mumbai real estate developer Godrej Properties Monday said it will jointly develop a mid-market residential project near here in association with the city-based cutting manufacturer Addison. As per the deal, Godrej Properties has acquired the developmental rights on a 12.57-acre plot owned by Addison. “We will promote a mid-market residential apartment project after getting the [...]
Continue reading...197 housing societies in state served liquidation notices
14. December 2009
77 To Be Wound Up In Chennai; Many Were Defunct For Yrs The registrar of housing cooperative societies has issued liquidation notices to 197 housing societies that have virtually been defunct for more than five years without any activity or transaction. Seventy-seven of the 197 societies to be wound up are in Chennai. These societies [...]
Continue reading...Bangalore cops nab city-based fraudster
6. December 2009
Justin Pocketed Rs 7.5Cr By Duping At least 600 People With Promise Of Flats The Bangalore police on Friday arrested the main accused wanted in connection with a Rs 7.5-crore cheating case from his house in Anna Nagar here. They also recovered two expensive cars from the man who was leading a rather luxurious life. Kishore [...]
Continue reading...DLF scraps mall project, to build 300 luxury flats
29. November 2009
In tune with the changing times, realty major DLF has redesigned a proposed shopping mall project in the heart of the city on Commander In Chief Road (Ethiraj Salai) to construct 300 luxury residential apartments. The icing on the cake is the 175 apartments the builder proposes to construct for the economically weaker sections (EWS) [...]
Continue reading...Singara Chennai, finally?
21. November 2009
Parks, painted walls, restored heritage buildings… Is the dream of a beautifully landscaped city closer to reality, now? Lakshmi Krupa meets Rajesh Lakhoni, Commissioner of the Corporation of Chennai, as he chronicles the Corporation’s priorities… Afew months ago, walking on the footpaths of Anna Salai, along Nandanam and YMCA, seemed almost impossible without having one’s [...]
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19. February 2010
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