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Mar 12
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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. “

Mar 07
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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.

Mar 02
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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.

Feb 27
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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

Feb 25
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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.

Feb 21
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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.

Feb 19
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Government clears Rs 540 crore in stuck housing projects from stress fund

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The government, which has set up a stress fund of Rs. 25,000 crore to revive the frozen housing projects, has completed investments exceeding Rs. 540 crores in some of the residential assets benefiting 1,800 domestic owners on Friday. Reported. In addition, 14 projects have been sanctioned with the right perseverance, which will require a financial infusion of Rs. 2,500 crores. More 40 transactions are under intense scrutiny

In November last year, the federal government announced a Rs. 25,000 crore fund to complete more than 1,500 housing projects, including the ones that were declared NPA (dysfunctional assets) or allowed to be lost. Also includes.

The measure will help 4.58 lakh housing units across the country. Those with the positive net worth will be funded only for RERA-registered projects.

“Special window destroys projects with capital commitment above Rs. 540 crores. The discounts were initiated, which would provide relief to 1800 home buyers and open the invested capital of Rs. 3,000 crore, “the finance ministry said on a single tweet.

“Further, 14 projects have been approved with a capital commitment of Rs. 2500 crores, which will provide relief to 10,000 home buyers and will release investment capital of Rs. 12500 crore,” it tweeted.

“There are more 40 contracts under a serious consideration for investment,” the finance ministry said.

However, the ministry has not released the names and developers of the schemes that received the sum of Rs. 540 crores from the stress fund.
A special window of Rs. 25,000 crores is in the form of Alternate Investment Fund (AIF). The centre pays Rs. 10,000 crores for this stress fund and the rest is the state insured, the ESI and the countrys largest lender, the SBI. SBI Cab manages AIF.

Feb 14
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10 Reasons Why Sankar Infra Projects Is The Right Place To Buy An Apartment In Chennai

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Sankar Infra Projects is a typical residential area in the northeastern part of Chennai. It is developing into a fascinating place to build residential homes in Chennai. Naturally, with a great layout with ample space and unlimited scope for development, this part of the city comes with home builders and home builders in Chennai.

There is plenty of space and the resource has excellent growth potential, making it a destination for residential investors

Surrounded by renowned areas of Chennai, Vangaram is a prosperous and smart residential suburb. Of late, the demand for residential apartments in Chennai has been rising. Vangaram provides some unique advantages as a residential-cum business hub. This makes this space a modern choice for investment in apartments. Vanagaram has now become a commercial and educational hub.

Real estate growth and rapid infrastructure development have attracted the attention of investors in this part of the city. No wonder Sankar Infra Projects is one of the fastest growing areas in Chennai today.

Feb 09
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DLF to invest Rs 5,000 crore to develop 6.8 million sqft IT park in Chennai

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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.

Feb 07
1

Know your neighbourhood: Porur

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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

 

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