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 this [...]
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 building [...]
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 [...]
Land fraud growing in Chennai
Powerful brokers are cheating land owners in Chennai and the police are thought to back the rich and the mighty, reports say.
Forty-six year old Devi ended up in a police station after she shouted at construction workers who were illegally taking over her family’s lands.
The family lands are owned by seven members but documents show [...]
Chennai a hotspot for Indian property investment
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The city that used to be known as Madras is as hot as the curry powder of that name when it comes to property investment, according to Dubai property company ETA Star.
ETA is targeting the Tamil Nadu region, which includes Chennai, for a massive investment project, MENAFN Press reports. The company has hailed Chennai as [...]
Police list areas prone to real estate frauds in Chennai
The police have drawn up a list of areas in Chennai, from where real estate frauds are reported frequently.
The immediate provocation is a steady increase in the number of complaints about land grabbing. Between January and March this year, Commissioner of Police Letika Saran received over 300 petitions from people complaining about real estate frauds, [...]
Ras Al Khaimah Investment Authority signs MoU to set up mega township projects in Tamil Nadu, India
Dr. Khater Massaad, Advisor to the RAK Crown Prince and CEO of RAK Investment AuthorityÂ
The Ras Al Khaimah Investment Authority (RAKIA) has signed a Memorandum of Understanding (MoU) with the Government of the Indian State of Tamil Nadu to set up two mega township projects in the State with an investment outlay of AED 2 [...]
Reality-2007 gets good response
The exhibition, that has stalls of around 30 developers and housing finance institutions, is expected to have more than 7,000 footfalls.
The rush to own homes in Bangalore was evident at the registration counter, as Karnataka Ownership Apartments Promoters Association (KOAPA) kicked off Reality-2007, its two-day real estate exhibition, on Saturday.
The exhibition, that has stalls of [...]
Chennai First Gated community project by KG
KG Developers and Promoters, one of Chennai’s city’s early and leading property developers with over 10 million sft. of residential and commercial space to its credit today, announced that it is setting up the first gated community complex within the city limits. To be called KG Green Meadows, the project with a projected investment of [...]
