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Government of Tamil Nadu extends time for payment of property tax by three months

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In a relief to the people put to hardships due to coronavirus crisis, Tamil Nadu Chief Minister K. Palaniswami on Tuesday extended the time for making due payments for various loans and other payments by three months.

In his statement, Tamilnadu Chief Minister said property tax, water charges, farm loan installments for co-operatives, home loan installments for co-operatives, Tamil Nadu Housing Board, fisheries loan installment and linen cooperatives have been deferred.

The government has announced the repayment of loans to Tamil Nadu Industrial Investment Corporation (TIIC), soft loans received from Tamil Nadu Limited State Industrial Development Corporation (SIPCOT) and maintenance costs for units operating on SIPCOT industrial estates.

The Chief Minister also said a Rs 200 crore special fund would be set up to finance the emergencies of micro, small and medium sized units.

In Tamil Nadu, property registration offices open for Registration

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Registrar’s Offices have been advised to act as registrations of property may be lower than the last fiscal year, and the target may be lost.

Asset Registration is one of the major companies earning government revenue and has contributed Rs 11,100 crore in 2018-19. Registration department sources said it was difficult to reach the previous year’s collection. “We expected revenue to be over Rs 11,100 crore last year, however it is a difficult task to achieve the target of Rs 13,122 crore set by the government.

Now, considering the coronavirus crisis, it is not possible to match 2018-19 earnings, ”said a logistics official.
March is an important month for the Department, as there are a large number of documents filed with financial institutions for loans.

Property registration in the city and suburbs has been hampered as people have postponed the outbreak of the Corona virus. There are a minimum number of footfalls in the Office of the Deputy Registrar.

Know your Locality – Alandur

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Alandur was the constituency from where former Chief Minister MG Ramachander won the 1967 Assembly elections.
There are two landmarks like the Nehru statue and the Kadipara junction. Officers Training Academy is nearby

The first leg of the Metro train was recently launched from Alandur, the nearest railway station is
St. Thomas Mount Railway Station; There are plans to accommodate five public transit routes: Suburban Railway,
Southern Railway, Metro Rail, MRTS and Public Buses. The St. Thomas Mount Railway Station provides accommodation
for over 1200 cars. This is the first time the two sites’ business location will be linked to the transit center

Some of the educational institutes are the AJS Nidhi H SS, St.Peters MHSS, Sri Chakaravarthy International
Matriculation Academy, PSBB Millennium School, Mont Fort High School etc. , Elite School of Optometry, Central
Institute of Plastics Engineering and Technology.

Some of the temples in Alandur are more than 200 years old named Thulukanathamman Temple, Padai Veetu Amman,
Sri Veera Anjaneya Temple, Dharmaraja Koil, Sri Subramanya Swamy Koil, Vembuli Amman Koil and many more.
Some of the churches are the St. Anthony’s Catholic Church, the Christ Church and the Garrison Church.

Ongoing Projects In Alandur
Sankar’s Habitat
Property Type :Apartments
Bedroom(s) : 2 , 3 BHK
Price Per Sqft :6990 *
Price Ranges : 56.06 L – 84.30 L *
Project Status :Under Construction

Interior Design Trends in 2020

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Villas or apartments? The choice is obvious

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As a result of the displacement of information technicians for work in the city, there is a high demand for residential housing in Chennai.

Chennai has long been known as the city of beautiful bungalows and villas. People wanted to live in their own homes rather than share the framework with others. However, the trend has changed over the past two years. “There is a shortage of large land packets in the city. In addition, the increase in property prices and the floor Space Index (FSI) has resulted in developers choosing vertical growth and higher growth in suburban areas or peripheral locations ” Says Pritam Mehra, the director general of the Chennai operations and CPRs consultancy company.

Sustainable economic activity, policy initiatives aimed at attracting investments and the availability of skilled manpower have established Tamil Nadu as one of Indias leading investment destinations. In the past few years, Chennai has seen a large number of information technology (IT) and multinational companies (MNC), which have led to the increase in migration of young professionals to the city. Millhouses in the city for better job opportunities want to live in apartments that are easily maintained with relatively low rent costs. All this stimulated the need for vertical development in Chennai.

In 2014, more than 16 of the total number of new ladders (28,540 units) are in the second place in Chennai. The stock has now fallen to five percent of the total 13,000 units launched in 2019. As compared to Chennai city, Sanjay Chuck, City head-Chennai, Anarak Property consultants say that by easing the rules, developers are now creating structures. A class based on technology, structure, and design. “The latest trend indicates that the city is gradually warming to vertical growth, with at least 16 percent of the projects launched in 2019, with 21 Storelines or more tall towers, ” he Says. “The rising skies carry bows to demand from the rich who grow towards ‘ ski villas ‘ rather than the Swangi bungalows or the sea-facing reverses,” he points out.

The need for affordable and middle class housing is being guided by professionals working in the major information technology centres and its surrounding information technicians and the major industrial centers of the city. Depicting him, “high demand and affordable housing for the middle section encourages developers to meet these two sections. “

Secure Your Property In Chennai Now

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Chennai is a metropolitan city and there has always been a steady growth in the infrastructure, education and transport sector, making life easier for people. People from different states and cultures can live comfortably in Chennai as the environment is very welcoming. So many people from towns and other non-metropolitan cities can find jobs in Chennai and can live here. So it is smart to invest in a property in Chennai.

Chennai has always been a stable property market. The prices are consistently stable and affordable. In the long run, the value of the property always increases if you ever want to resell it. Rental properties are affordable compared to any other metropolitan area in India. Buying or renting properties in Chennai provides a stable and reliable market to invest in.

As for India’s economic growth, we cannot deny that chennai, the capital of Tamil Nadu, contributes a huge percentage to the economy. The city has a number of well-known educational institutions, a growing IT sector and also known as an industrial hub in Tamil Nadu. As a result of the booming economy, investing property in Chennai will be profitable and valuable in the long run.

Things You Should Know Before Buying Your Dream Home

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Buying a dream home is an exciting process, but it takes a lot of research and effort to find a home that fits all your expectations at a reasonable price point. Various options can be overwhelming and intimidating, especially if you are a first-time home buyer. That is why you need proper research before investing in any property.

Before investing in a desired apartment or flat, you need to look at many aspects such as monthly income, financial
affordability, family size and plans for the future.

Once you figure out what kind of home you need, it can make the home buying process even more complicated.
There are many options to choose from such as a simple 1BHK apartment, villas, luxury apartments and modern mansions.

Choose projects only if you are comfortable with the area, look at the surroundings.It is important to look at schools, supermarkets, hospitals and shopping malls. These things should be easily accessible nearby.

Before spending your money on property you should also consider transport facilities, make sure there are bus, metro and carriage options so you can travel around different areas without any problems.

The builder you are negotiating with must be reliable and trustworthy, and it is best to choose the best builder like Sankar Infra Projects that provide the most professional realtors to help you avoid problems and help you with everything you need.

Real estate market trends in Chennai 2020

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As understood by recent reports, the real estate market is showing signs of strength with continued growth in India
despite the slump in the economy in 2019. In the previous year, the trend was the same: real estate rates were very
low or stagnant. Well, when it comes to construction types, more than 60 per cent of them are budgeted segments.

In today’s scenario, by 2020, according to experts, there is likely to be a phenomenal growth in the real estate sector.
Home sales in Chennai, especially South Chennai, were up more than 8%, where the total number of new launches continued
to rise.

According to the report, many tenants living in Chennai are focusing on getting their own properties in the city by 2020.
The two main reasons for this shift are the unchanged real estate market rates and the decrease in home loan rates,
which are particularly beneficial to the growing middle class population.

By 2020, the city hopes to see a lot of changes and expansions in the region, including its southern and northern parts.

With sustained business activity taking place in and around the city, there is certainly hope for substantial real estate
market growth, with many interested home buyers looking to get their dream home this year

Great growth in Chennai

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Great growth in Chennai

The report, published by real estate consulting firm Anarak, shows that South Indian cities such as Bengaluru, Chennai and Hyderabad have seen significant growth.
Ankara Research Institute has reported that Chennai has performed better than many other North Indian cities, including Delhi.
Commenting on this, Santosh Kumar, Vice President, Anarak, said, “The real estate sector in 2018 is on the upswing. The impact of changes in real estate policy has been diminishing day by day. The real estate sector is currently looking for a rebound. ” said.
Apart from apartments, small business and industrial office sectors have also seen strong growth in South Indian cities such as Bangalore, Chennai and Hyderabad. While these cities have seen a 20% growth in residential sales, the northern and western cities have seen a 15% to 18% growth.
Only 19% of the units sold in South Indian cities are leftovers. But, the Delhi NCR has a lot to offer. Only 28% of the area was not sold.

In South Indian cities, office-related real estate sales are 21 million square feet. In Delhi alone, the segment has sold over 6 million square feet.

Who is the most trusted and famous builder in Chennai?

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To find the best and trusted property developer and best builder then you have to know the traits of the builder as well. In Chennai, you will find the number of real estate builders and what makes a builder unique from others?
Know the qualities below,

Customer-oriented view
Transparency and consistency
Awards and Accreditation
Project from past, present, and future
Problem-solving skills

So, if you looking to invest in real estate the above guidelines helpful meeting right builders in Chennai.
For instance, Sankar Infra Projects is one among trusted real estate builder in Chennai with successful in delivering projects since 2011. Alandur is the prime location in Chennai, Sankar’s HABITAT offers Alandur’s first thermal and sound proof aparments in Alandur with great amenities, luxury apartments available in 2 variants like 2BHK & 3BHK. The residential projects which you buy in Alandurin Chennai always have resale value for the investors.

 

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No information given under this Website creates a warranty or expands the scope of any warranty that cannot be disclaimed under the applicable laws. Your use of the Website is solely at your own risk. This website is for guidance only. It does not constitute part of an offer or contract.

The particulars contained or the details mentioned in respect of the Projects / developments undertaken by the Company including depicting banners/posters of the Project/development. The contents are being modified in terms of the stipulations / recommendations under the Real Estate (Regulation and Development) Act 2016, and Rules made there under (“RERA”) and accordingly may not be fully in line thereof as of date. You are therefore, required to verify all the details, including area, amenities, services, terms of sales, payments and other relevant terms independently with the sales team/ company prior to concluding any decision for buying any unit(s) in any of our projects/developments. Till such time the details are fully updated, the said information will not be construed as an advertisement. To find out more about our projects / developments, please telephone our sales centers or visit our sales office and speak to our sales staff.

In no event will the Company, its management, its associate companies and /or its employees be liable for claim made by the users including seeking any cancellation for any of the inaccuracies in the information provided in this Website, though all efforts have to be made to ensure accuracy. The Company under no circumstances will be liable for any expense, loss or damage including, without limitation, indirect or consequential loss or damage, or any expense, loss or damage whatsoever arising from use, or loss of use, of data, arising out of or in connection with the use of this website.

This website is currently being updated. While enough care is taken by the Company to ensure that information in the website is up to date, accurate and correct, readers are requested to make their independent enquiry before relying upon the same. All content including brochures are purely for general informational purposes only. It is not meant to constitute an offer or solicitation. It is a Visual representation of the project shown on this site. No furniture or accessories shown in any of the visuals are provided with the unit. This website material does not constitute an offer and/or contract of any type between the Developer/Promoter/Owner and the recipient, all intending purchaser/s in any of the projects shall be governed by the terms and conditions envisaged under The Real Estate (Regulation And Development) Act 2016. Nothing on the website should be misconstrued as advertising, marketing, booking, selling or an offer for sale or invitation to purchase a unit in any project by the company/firm. The company/firm is not responsible for the consequences of any action taken by the viewer relying on such material/information on this website.

To find out more about projects/developments, please call +91 – 44 – 22330615 or visit our office during working hours and get in touch with authorized sales representatives of the Company.

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