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Q: What is the land value in tambaram Vengadamangalam, Naveen nagar - II. It is on kandigai and close to Ponmar. Land is nearby one newly built hostel and water purifying company. Please guide me the exact value
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Q: Aditya Birla Real Estate Fund is in the process of closing two investments in projects of Chennai-based Barath Building Construction Pvt. Ltd.
Latest Answer: At the time when home sales are particularly low, a number of private equity funds are looking to buy apartments at steep discounts to market prices. Indiareit Fund Advisors Pvt. Ltd. backed by the Ajay Piramal Group started buying residential apartments in bulk from developers earlier this year when they launched an apartment fund.
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Q: Give description about your Question.
Latest Answer: Hi, As per my knowledge, the highway road projects, worth around Rs 320 crore, are waiting approval from the government. High way authority are close to completing DPRs (detailed project reports) for these projects and expect to complete them in a month. This project will give a different look to Chennai infrastructure.
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Q: Give description about your Question.
Latest Answer: Hi Srinivas, The Corporation will primarily screen roads constructed after 1991 in the CRZ-II and CRZ-III areas. Norms pertaining to urban development under the second master plan will not be applicable in CRZ-II that includes developed areas within 500 metres from the shore. Roads, infrastructure projects and housing are not allowed in CRZ-III, which covers a 500-metre stretch of beach from Injambakkam to Uthandi. However, recreation-based activities’ are permitted beyond 200 metres from the coast in CRZ-III.
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Q: Give description about your Question.
Latest Answer: Hi, Even as the core city gets submerged after every deluge during the monsoon, the Chennai Corporation is going ahead with integrated storm water drain plans for the extended areas, for the Adyar and Cooum basins. Corporation Officials said that the core city will continue to experience flooding, not just because of the flat terrain, but a slew of other issues.
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Q: Ashiana Housing has entered into a joint development agreement with Escapade Real estate to develop a senior citizen living & group housing project.
Latest Answer: Hi Sudeep, Ashiana Housing is going to make its entry into the Chennai's realty space by launching residential projects, one of them targeted at senior citizens. The company has entered into a joint development agreement with Escapade Real Estate to develop a senior citizen living and group housing projects in the Tamil Nadu capital. This JV project will have some impact on Chennai Real Estate .
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Q: Give description about your Question.
Latest Answer: Hi Mr Srinivas, Foreclosed houses are the houses auctioned by banks to recover the loans that buyers fail to repay and, hence, the cut in prices. Such properties are cheaper by 10-25 per cent of their prevailing market value. Those houses are called foreclosed property. There are many definitions for foreclosed property.
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Latest Answer: Hi Mr Ananth, Chennai’s southern corridor continues to drive demand and capital appreciation for investors in land development projects. This is because of improved connectivity, expanding city areas, growth of industries and infrastructure development, among others. Definitely this is a suitable place for plot investors.
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Latest Answer: Hi Priya, To make some new changes in city infrastructures & to provide best assistance to physically handicapped people , Chennai corporation has taken this step. Chennai Corporation will direct private buildings without disabled-friendly infrastructure to make necessary modifications. Corporation focus will mostly be on private buildings that are used as public premises. Until now, the civic body had been taking measures to regulate only public buildings.
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Latest Answer: Hi Javed, As per my knowledge, Chennai, hub of many IT/ ITES companies is a floor for real estate boom in areas like OMR and GST Road. These are the two areas where one can find the most number of IT giants and automobile companies that are setting up their base, this has led to increase in demand for homes in Pallikaranai.
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