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Singapore sovereign fund GIC-backed realty developer DLF plans to invest Rs 5,000 crore to develop a 6.8 million-square-foot information technology park in Chennai, making it the second largest market after Gurugram.

DLF Downtown Taramani is a joint venture with Tamil Nadu Industrial Development Corporation (TIDCO), spread over 27 acres. The proposed development, along with DLF’s 7 million-square-foot IT park at Manapakkam, will take the company’s commercial portfolio in Chennai to about 14 million square feet.

Currently, India’s largest realty developer’s office portfolio includes over 32 million square feet of commercial, IT and special economic zone (SEZ) in Delhi-NCR, Chennai, Hyderabad, Kolkata and Chandigarh. is. Gurugram.

DLF CyberCity in Chennai has been the largest IT SEZ in Tamil Nadu for the last 15 years.

“Tamil Nadu has always been the destination of choice for corporates and MNCs due to its talent pool and favorable business environment. We are investing Rs. 5000 crore in our fourth project – DLF Downtown, Chennai for the development of Taramani,” said Mohit Gujral. , Chief Executive Officer, DLF.

The company will begin construction of a 2.5 million-square-foot build-up area in the first phase and will be completed by mid-2021. The entire development is expected to be completed in 6 years. The new project is expected to add an additional 70,000 direct and 6,000 assisted employment opportunities after implementation.

The company is also looking to expand its commercial portfolio in Chennai and other cities.

“We have identified a 20 million sq ft development pipeline across India and a 5.5 million sq ft construction. – Eddie Shr Ram said Catherine.

Porur is a suburb located in the western part of Chennai. Porur in the Tamil language translates to battlefield. The name was coined as many historic battles were fought here during the reign of the Pallava Dynasty.

Accessibility

NH-4 (Chennai-Bengaluru Highway) is one of the major roads in the region. Chennai Bypass Road which passes through the locality connects it with Koyambedu. Similarly, the Grand Southern Trunk Road (GST) connects Porur to Tambaram and Arcot Road connects the locality to parts of central Chennai. The airport and Central Railway Station are located only 11 km and 17.5 km away from Porur respectively. Valasaravakkam, Vanagaram and Moulivakkam border Porur. DLF IT park has turned the locality into a preferred destination for those working in the IT/ITeS sectors.

Education

The Alpha CBSE School, St Joseph Matriculation Higher Secondary School, St Pauls Matriculation Higher Secondary School, Sarojini Varadappan Girl’s Higher Secondary School, St. Francis International School, PSBB Millennium etc. are some of the popular schools located here. The famous Sri Ramachandra University is located here. Other colleges and universities like Madha Arts and Science College, P.B. College of Engineering, Alpha Arts and Science College, Meenakshi Ammal Dental College and Hospital, Venkateswara Homoeopathic Medical College and Hospital and SRM University are in close proximity to Porur.

Hospitality

Hotels like Grand Residence, Hotel Chennai Le Palace, and Hotel Ashok Residency are located in this locality. Serviced apartments like Remisha Service Apartments, and SAI Orbit Serviced Apartment are located very close to Porur. Residents of Porur can visit a number of popular eateries like Copper Kitchen, Anjappar, Mary Brown, The Chinese Story and Kebab E Que.

Retail

Retail outlets like supermarkets, boutiques, convenience stores, textile and electronic showrooms are available in plenty in the region. One can find both national and international brands here. Malls like Chandra Metro Mall, and Forum Vijaya are located close to Porur.

Entertainment

Theatres and multiplexes like Gopalakrishna Theatre, Udayam Theatre, INOX, and Kamala Cinemas are located in and around this locality. Porur has a good nightlife because of the presence of pubs, lounges and bars like Bliss Bar and Sangaree.

Healthcare

Porur has excellent healthcare facilities with the best multi specialty hospitals like Sri Ramachandra Medical Center and MIOT International. It also has a number of other hospitals like Kedar Hospital, Venkateswara Homoeopathic Hospital, and J K Hospital. Other than this, the locality has clinics and pharmacies.

Places of worship

Ramanaadheswarar Temple is one of the most popular & famous places of worship in the locality. Other popular places of worship include Siva Veera Anjaneyar Temple, Murugan Temple, Madha Church, St Matthew’s Church, Porur Evangelical Church and Little Flower Syro Malabar Catholic Church. You can also find a number of mosques in Porur.

Real Estate

Accessibility and connectivity are the factors driving Porur’s real estate. DLF IT Park was one the key reasons for the real estate boom. However, traffic at Porur junction during peak hours is a problem but the flyover which is under construction is expected to ease the traffic flow. Other proposed and under construction infrastructural projects which are expected to benefit the locality include:

• Porur lake rejuvenation
• Proposed monorail

Chennai has always been a good real estate market for buyers and builders. Over the last decade, the scenario has really improved. Investors who were once content to put their money on small or inexpensive mid-size projects, are now looking at larger townships with larger facilities. Thanks to the sky rocket prices of the land in the city, residential developers can afford basic apartments at a cost of Rs. 1.5 – 5 crores. Developers who want to sell at affordable prices are forced to look for suburban locations. Builders are meeting the client’s needs most. Upcoming township projects include less built-up area and increased land space. Tranquil weather, clubhouses, swimming pools, schools, medical facilities and entertainment options on the campus have made Chennai a much sought-after destination. These communities have drastically reduced travel time to different offices, thus paving the way for better living standards. Despite its ups and downs, the real estate market is doing well. With unique and diverse projects and irresistible deals, investors are spoiled for choice. The time is right to acquire an Opportunity in Chennai

1. Know your Sale Price

This is the first stage of the home selling process before you even think about anything like marketing

It is important to come up with some idea to come up with the ideal price but keep it realistic.

Depending on your circumstances and the imperatives around the sale, think objectively about the costs and time factor before deciding how much you want to profit. If it is more important to get a good family to buy your home (you may be emotionally connected to the home and want to be in good hands even after doing business), then don’t decide on the exact number. Keep it simple as long as you are happy to get good enough.

After several site visits to your property, you should vet potential buyers and decide between multiple offers when you receive them. It all comes down to that final number.

2. Research other Homes in the Area

Getting to know the local market is easy these days.

Comb through Google or national real estate sites that show you the prices, trends, availability of other competitive homes like yours and what they’re selling.

All of this is available at your fingertips and can be done in a 30-minute flat on the weekend.

3. Understand the Pros of Living in the Neighbourhood

The next step in the home selling process is to find out if all the positive information about your neighbors is worth marketing to your potential buyers.

In addition to average home prices / sq ft in this area, see also:

Local pages of websites describing each area
Schools and colleges around the area
Commercial offices, IT parks or MNC company offices
Places of worship, hospitals, metro train connectivity, bus routes and flyovers
Travel time between home and main points of interest (school / college, office, etc.)
Entertainment options, local shops & convenience stores, parks and restaurants

4. Find an Agent that Fits your Working Style

One of the characteristics of a good real estate agent is the ability to work with buyers and sellers of all personality types.

While a good agent has their own unique style and specialty for the agent business (for example, we only deal mainly in the more expensive areas of South Chennai and the luxury properties), they exhibit exemplary patience, honesty and willingness to assist their clients with gentle sales.

From our experience, our clients appreciate honesty and integrity before anything else. A good agent is not only friendly and attentive, but also not afraid to be blunt and tell you when something goes wrong.

So, while it is important to call, email, or chat with a broker before you get comfortable, be aware that they are usually outgoing personas and are always ‘on’ with their business and enjoy it.

5. Start Sooner

Take advantage of the peak selling season (January to August), which is a good time to sell.

No matter what kind of home you sell, remember not to go with the first good offer you receive (this is a distress sale and if you don’t have much time), give it some time and have a pool of offers before deciding.