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Real Estate Forum on Real estate News in Chennai

Real Estate Property Discussion Forum and Guide to Real Estate Queries in Chennai

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Q: Hi, Why lots of residential projects in Chennai are not delivering projects on time?
Latest Answer: Hi All, I have invested in HIG Plan 2 yrs back and til now i have not get possession . I am already given all installment and now i am giving interest of my home low.my question is that why builder is not giving possession and completing the delayed project. at least builder should give proper reason for this excused.

Q: Will residential house is available in West Chennai. I am working in porur and looking for rental house nearby? please suggest.
Latest Answer: Every other localitie are created regarding social and physical base and are effortlessly open through. the Chennai Bypass Road. Both prepared to-move-in and under-development properties are accessible in the district, however its the previous classification whose accessibility is high.

Q: Is VAT applicable on new flats and apartment?
Latest Answer: calculation of VAT is basically involved in three component like material cost, labour and services cost, land cost. calculation of VAT is very complex. labout and services cost ia consider for service tax of 12.5% and material cost approx 35% is applicable. VAT in land cost is approx 25%.

Q: Will Navalur @ OMR offers highest appreciation in terms of rental returns in Chennai market?
Latest Answer: It is developing rapidly as far as framework and is popular between IT specialists utilized in the adjoining IT Park set in Siruseri. According to the measurements, 10 new ventures are booked to happen in the region, greatest of them giving 2 and 3BHK lofts to deal in Navalur. A considerable measure of undertakings are slated to get possession by not long from now 2015 though the staying by 2016.

Q: Give description about your Question.
Latest Answer: Chromepet and Porur offers most extreme two-BHK flat alternatives on Rent. In Chrompet the quantity of rentable house choices estimated 600-1,000 sq ft. Consequently,an apartment which was having monthly rental value of `7500-11000 in the month of March 2014 is now commanding a monthly rental between 10000 to 14000 in March 2015. Comparable ascent was recorded in Porur, where condo measured between 9001300 sq ft were accessible on a month to month rental of `11000-16000 are currently charging a normal rental of `12500-18000.

Q: Will the first quarter of the new monetary year 2015 be the platform for development of city realty?
Latest Answer: Regarding the offices space advertise in Chennai, supply is restricted and narrowing while the interest is high. On a normal, the interest is for around four million sq. ft. consistently. The opening level, which was around 25 every penny, is presently 16 every penny.

Q: Where to purchase your first home in Chennai?
Latest Answer: Chennai offers plethora of good housing options for people looking to invest for the first time.now check the physical and social infrastructure and interact with residents of the locality if possible. If all or even most of these parameters are met, your journey to buying a perfect home is achievable.

Q: Hi I want to know about what is the new development going on ECR road?
Latest Answer: Hi , As per latest news from chennai Enlarging of the most incident street driving out of the city, East Coast Road, is going full bore, with the expressways office finishing just about 25% of the venture, yet land designers are still uncertain of how this will effect lodging on the stretch..

Q: Are ready to move properties more as compared to new launch in Chennai top localities?
Latest Answer: Hi Mr Pavan, Right now, renting out a property in Pallikarnai can procure you a month to month rental wage of anything between 7,000-20,000. Being near to the Rajiv Gandhi IT Expressway, rental request in the zone is created by the IT experts. End-clients can advantage as well; the territory is decently grown as far as social base and is one of the main ten favored regions available to be purchased.

Q: User friendly localities in Chennai for investment. Anna Nagarm Oragadam, Perungudi & Nugambakkam are showing certain interest among end-user and investors.
Latest Answer: Hi, Development of social infrastructure like schools and colleges, hospitals and nursing homes, supermarkets and grocery stores, places of worship, recreation hubs and restaurants sealed the recognition of Anna Nagar as a residential hotspot. these days Anna Nagar incorporates a healthy mixture of flats (60%) and bungalows (34%).

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