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Real Estate Forum on Chennai News

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Q: Discuss Chennai real estate market and how smart city project development impact overall Chennai residential market?
Latest Answer: Chennai is truly moving quick and the rate of improvement may very well surpass other metropolitans, if infrastructure is given more consideration along with, real estate and construction. I was in OMR the other day inspecting sites for properties like Shine & Mandarin, the entire IT corridor is admirable, and the smartcity ought to be reconstructed like this. I am pleased to be an inhabitant of the current developing Chennai. Having a spot in the heart of OMR is awesome, thanks to Radiance Realty for being such a dependable firm. Hopefully well see more from this amazing city and it wont disappoint on any account.
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Q: Will residential house is available in West Chennai. I am working in porur and looking for rental house nearby? please suggest.
Latest Answer: There are quite a few developing sectors in western Chennai, and as far as getting flats on rent is concerned it shouldn't be too hard, try websites like magic bricks and commonfloor to know which new properties have gone up on rent in the Porur area.
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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%.
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Q: Hi , Is demand for properties from end users in Chennai increasing this day?
Latest Answer: Properties in the budget range of Rs 30-50 lakh were highest in demand. Properties in all other budget ranges either posted a drop of 1-2 per cent or remained stable.
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