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real estate in Chennai

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Chennai’s commercial space back in demand

Chennai: In accordance to a study conducted by industry analysts, after a hiatus of four years, investment within the segment of commercial real estate is showing signs of deft improvement once again. The study suggests that great reserves of money as investment within commercial properties is available as people are still worried about the dismal performance of […]

CommonFloor Editorial Team

TNHB-projects

Chennai real estate witnesses stagnated sales

Chennai: In early 2010, the residential real estate market of Chennai was the first to rebound from the slump of 2008 experiencing a 200 per cent plus appreciation since the last three years. However, even it is not insulated from the current downturn. Developers, who were selling thirty to forty suburban residential units per month just […]

CommonFloor Editorial Team

Disney pioneers real estate licensing in India

Chennai: In a first-of-its-kind licensing, Disney – the global entertainment giant worth around $42.3 billion, has been signing real estate developers to establish Disney-inspired homes. With approximately $37 billion in retail sales of character merchandise, it is the world’s largest licensor. After its characters-inspired merchandise, which spans apparels and FMCG, Disney, is now extending their license […]

CommonFloor Editorial Team

TNHB gets active

Chennai: Prime property worth around Rs. 50 crore was recently retrieved by the Tamil Nadu Housing Board (TNHB) in Adyar, recently. Sixteen shops along with a house were pulled down during the encroachment removal drive, undertaken by the TNHB. For more than over thirty years, the 12.5 grounds of land situated at 2nd Avenue of Indira […]

CommonFloor Editorial Team

Chennai Metro Rail – Delayed

Chennai: The metro rail project of the city might get delayed due to the financial crunch through which the construction companies are presently undergoing. The elevated line from Koyambedu to Saint Thomas Mount, which was considered as a showpiece of the project, is probably going to miss its year-end deadline. As per official sources, the construction […]

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