City-based Marg Ltd (formerly Marg Constructions Ltd) has launched a mega integrated township project called Marg Swarnabhoomi, near Chennai. The $400 million project will be developed on 1,000 acres in the Cheyyur taluk on the East Coast Road, G.R.K. Reddy, chairman & managing director of Marg, told reporters here Thursday. The project involves the construction […]
Puravankara to launch Rs 1,200 cr project in Chennai
Puravankara Projects Limited (PPL) has announced a mega housing project with an estimated project cost of over Rs 1,200 crore called ‘Purva Windermere’ which will come up at Pallikarnai, Chennai, close to Velachery. According to Ravi Puravankara, chairman and MD, the project will spread over 54 acres of land and would consist of 2,072 units […]
Red Fort to invest Rs 400 cr in Chennai
Delhi-based private equity real estate firm Red Fort Capital will be investing $ 100 million (Rs 400 crore) in Chennai over a period of 6 months. The investment is planned for the low to high-end residential and hospitality projects. Already the company has acquired a 10-acre land in Mogappair for middle class housing with construction […]
Property, home loan expo begins at Chennai
A three-day property and home loan expo, being organised by the Industrial Development Bank of India Limited (IDBI Bank) got under way at Valluvar Kottam, chennai on Friday. The organiser has brought together more than 40 builders and flat promoters for the event. They would showcase projects worth over Rs.2,000 crore in total. All of […]
Bangalore-based firm to set up mall in Chennai
Brigade enterprises, a Bangalore based real estate company, on Friday announced establishment of a shopping mall and a three star hotel at Chennai. The company’s director Vinnet Verma told a press meet that the hotel would come near the TIDEL park here and the mall would come at Rajiv Gandhi Road, the IT corridor in […]
Primex group, Rakeen form real estate joint venture
Rakeen, a joint stock global business company promoted by the government of Ras-Al-Khaimah UAE and Chennai-based mineral conglomerate Primex Group, on Monday said it will invest up to $5 billion over the next five years for different real esta te projects in India. The two partners have formed a real estate joint venture – Rakiendo […]
Resale flats are in big demand in Chennai
There’s a lot of development, but not much of it’s in Chennai itself. So the residential market’s stagnating. That’s why buyers are turning to second-hand flats as an investment option. Sanjay Chugh, VP – Transaction Mgmt Services, Jones Lang Lasalle Meghraj says, “The buyer feels that if one is to go for a second-hand apartment […]
Attention span linked to TV watching
Watching TV more than two hours a day early in life can lead to attention problems later in adolescence, according to a new study. The roughly 40% increase in attention problems among heavy TV viewers was observed in both boys and girls, and was independent of whether a diagnosis of attention deficit/hyperactivity disorder was made […]
Three from IIT-K win innovation award
Manoj Kumar Tripathy, Abhishek and Rahul Sharma of IIT Kanpur have won the Lucas TVS Innovation Award for securing first place in the national-level design contest for engineering students, conducted by the Product Development and Management Association of India (PDMA). The trio won a cash prize of Rs one lakh. The second prize of Rs […]
Its raining homes in Chennai
It’s raining homes on Chennai’s Old Mahabalipuram Road or OMR as national realty developers are betting big on Chennai’s IT highway located in the outskirts of the city. Over 10,000 new apartments are coming up in this place in four major residential townships. There has been investment to the tune of Rs 4,000 crore in […]
Earthquake guidelines for new constructions
All new constructions will have to comply with earthquake resistant building codes and the modified techno-legal regime from June 30 onwards, according to the earthquake guidelines released by the National Disaster Management Authority (NDMA) here on Wednesday. The new building codes include the revised town planning by-laws, land use zoning, Development Control Regulations (DCRs) and […]
Landowners to be involved in housing projects
The State Government has evolved a policy of land acquisition for housing projects, which will enable landowners to become shareholders of schemes with a view to avoiding unnecessary delays and disputes. Replying to the debate on the demand of grants for housing and slum clearance, Housing Minister Suba. Thangavelan said under the proposed policy, lands […]
