Zip past OMR on metro in six years, grab sea view bonus

Zip past OMR on metro in six years, grab sea view bonus

Chennai

In six years, you could enjoy an uninterrupted aerial view of the city’s coastline from the comfort of an air-conditioned metro train as it snakes through an elevated corridor on Old Mahabalipuram Road.

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Chennai Metro Rail Ltd (CMRL) has started conducting soil tests on OMR, with construction of the line linking the IT hub expected to begin next year. The tests, which CMRL plans to conduct on a 50km stretch, are currently underway along a 10.6km section between Tidel Park and Sholinganallur.

Several portions of OMR, including spots near Tidel Park signal, Taramani and Sholinganallur, have been barricaded to collect soil samples. CMRL plans to build 12 elevated metro stations along this 10.6km stretch. In all, OMR will have 22 elevated metro stations till Siruseri Sipcot.

“Soil test results will be ready in eight to 10 months. This will be crucial for the final design of the corridor,” a metro rail official said.

Once the line becomes operational, it will provide a convenient mode of transport for employees working on OMR, linking major IT parks, including Tidel Park, Tecci Park and Sipcot, besides other top IT companies.

Officials said soil samples are being collected at one location over a period of 24 hours before workers shift their equipment to the next spot 25m-50m away. The samples will then be sent for lab tests to determine the soil type.

The 50km stretch where soil tests will be conducted includes a part of corridor 3 and 5. According to CMRL, the 50km line is expected to be ready in six years.

Officials said they planned an elevated corridor on OMR till Siruseri Sipcot as the road is wider here. This line is also part of the 20% elevated corridor planned in phase-2, as the rest of the stretch will be underground.

Meanwhile, the barricaded portions of OMR have begun to slow down traffic during peak hours. “As it is, driving through OMR during peak hours is hell. I am dreading the day when the actual construction begins on this stretch, though it will be convenient for us to go to work once metro trains start running,” said Jaikiran, a software engineer at an IT company in Navalur.

Source: The Times of India, Chennai

How to find some extra space in your home

How to find some extra space in your home

Chennai

Are all your closets and drawers already way too occupied? Irrespective of how big your home is, some extra space is always a boon. Most homes overlook spaces that would be ideal for storage. Here’s how you can find that space in your home.

While growing up, weren’t you enticed by stories of secret nooks and hidden compartments in homes and attics mentioned in your favourite mystery books and movies?

These days, however, with living spaces in the city getting smaller, hidden spaces have become a necessity. They take care of the extra stuff and make your home appear clutter-free. Here are a few ways through which you can incorporate some secret storage spaces in your home. The target here is to utilise your visible space for storage without making it look like a storage space.

Raghav Kapur, Region Head – South India, SILA gives us a few hidden storage ideas:

Under the bed and headboard – With rolling bin and drawers, the area under the bed can be utilised for off-season clothes and footwear. The headboard too can be used for multi-storage purposes; above the toilet – Install a traditional medical cabinet or hang a wicker basket to store your towels or toiletries. Hang it right above the toilet seat;

Inside the cabinet doors – Install hooks on the inside of your cabinet doors, which can be used to hang utensils and measuring cups in the kitchens, cleaning supplies in the bathrooms and clothes in the bedroom;

Corner of the walls – The corners of walls are spaces that are usually overlooked. They can be capitalised on by adding a shoe rack, book table, or a cabinet for electronics. This can be done for every room in the house.

Gita Ramanan, Co-founder and Designer of Design Café helps us with the pros and cons of hidden storage spaces

Pros:

You can hide valuables and important documents; an intelligent way to organise spaces and give the illusion of a clutter-free home; for families with children it helps store their toys and can also be utilised to keep a few things out of their reach.

Cons:

Hidden spaces have to be customised into your furniture and may not meet the space expectations; they tend to be a bit unwieldy and might not be very handy in an emergency; you may end up cluttering the home in order to store more. Make a design plan and follow it to make your home look organised as well as attractive.

DIY ideas to create storage spaces

Staircase

Use removable ply or drawers to make storage spaces under each step;

Tuck-into innovations

Use pullouts and pushaway furniture for those units, which don’t have high utility;

Furniture storage

Opt for storage ottomans and closet cradles to turn your functional items into storage spaces. You can also build a drawer under your dining table; this way all your cutlery items would be where you require them. You can also do this under you coffee/ centre-table and use it to store remote controls, magazines, etc;

Floating shelves

Incorporate floating shelves with drawers under them on one of the walls of the room. You can utilise the shelf to display books, artifacts or plants;

Wall cavities

Make sure you have all the permission required to make cavities in your wall. These cavities can be used to store a variety of things. Just add a photo frame over it to cover up the hole in the wall.

Slides next to the kitchen counter

A sliding vertical drawer next to the kitchen counter or kitchen can be used to store spices or utensils. A similar drawer next to the wardrobe can be used to store dupattas, neck ties, socks and much more.

Pooja Mahimkar, Times Property, The Times of India, Chennai

Old is Gold – the bloom of OMR Chennai

Old is gold

Chennai

Although the rise of OMR began more than a decade back, it seems that the growth of this stretch in the realty space is set to continue for a long time to come.

The IT boom in Chennai brought with it, apart from the numerous job opportunities, the bloom of OMR. In no time, the city had expanded into the outskirts and OMR transformed from a sleepy little stretch to the bustling area we know today.

The area that no one considered worth investing in, has today become the most sought after address in Chennai. With one of the best ecosystems in the city and good infrastructural development, the area has become one of the most sought after areas to invest in. According to Vidhyadharan G, General Manager at a home appliances showroom, the IT corridor has also given other business in the area, an opportunity to thrive. “With the floating population as well as a huge number of people looking to settle down here, businesses have hit the jackpot. Also, the disposable income has been a major factor in the enhancement of the economic development of the area,” says Vidhyadharan G, General Manager at a home appliances showroom.

The real estate industry has benefitted most from recent developments. The demand has been quite high in the past five years and has been led mainly by tech corporates, media, infrastructure, real estate, logistics and BFSI firms. “The 45km long Old Mahabalipuram Road (OMR) stretch, also known as the IT corridor, is witnessing heightened real estate activity in the Rs 40-80 lakh price bracket due to the establishment of various IT business parks and dedicated SEZs in this region. OMR continues to thrive among home buyer’s attention with around 35,000 units launched over the past 5 years. The average capital values of OMR are between Rs 3,500-5,900/sft,” says Santhosh Kumar, Vice-Chairman for a well-known property consulting firm.

It is not just the demand for buying property that has seen a major boom, there is also a huge demand for residential spaces on rent. Bachelors choose to rent apartments with friends and colleagues instead of buying an apartment. “I relocated to OMR about a year back when a friend needed a flatmate and asked me to move into his house. Not only did it cut down the travelling time by half, I also get more space and more amenities for the same amount I was paying in R A Puram and there are so many people like me who moved to OMR for the cost benefits,” says Karthik Kumar, an IT professional. And it goes without saying that there is no dearth of residential spaces put up for rent in the area. “For many home owners, buying a second home here was an investment and they choose to give it out on rent to people working in the area. And plus, the rent is not as high as other areas, so it is a win-win,” says Sundar Kumar, an HR consultant.

The growing population in the area has led to whopping investments in residential projects in the area and a steady infrastructural development of the area. IT parks, arterial roads, schools, hospitals, parks, shopping malls, movie theatres, play grounds, hotels, restaurants, resorts, recreational facilities and a bus terminus have brought about a slew of residential facilities that can boast of being the best in the city. With all amenities available at an arm’s length, social infrastructure has come a long way from what it was a few years back. Even within gated communities, most developers offer amenities like health clubs, sports facilities, supermarkets etc, so that residents don’t need to travel far for basic needs. OMR has grown into a well-planned suburb sought after by everyone.

Source: Times Property, The Times of India, Chennai

Feng Shui prosperity vibes

Feng Shui prosperity vibes

Chennai

Prosperity and abundance circulate through the universe and through all our lives. It is a never-ending flow of giving and receiving. Many associate prosperity with financial wealth but true riches are of many kinds. Along with material wealth, there is also love, friendship, family, health, knowledge and spirituality, which are essential in our lives.

Harmonising our inner self and immediate surroundings can open the channels to achieve greater prosperity and abundance in our lives.

It’s no surprise that we would most often be faced with bad energy due to our immediate surrounding and environment around our building. These may give rise to ill-fortune in the form of bad relationships, loss of wealth, legal entanglement or illness.

When Feng Shui principles based on accurate compass readings and a variety of specific calculations are applied, they can indeed activate your ‘human’ and ‘earth luck’ and help you achieve your personal and professional goals.

Feng Shui teaches us that our surroundings affect us and that we, in turn, are reflections of our surroundings.

Oriental texts say that abundance has a particular vibration, a signature energy field; hence, when the building resonates in harmony, it leads to both, more flow and energy between occupants and their desires.

SBS Surendran, Times Property, The Times of India, Chennai

Points to consider before investing in a villa

Points to consider before investing in a villa

An independent house was what K Sathya Anand was looking for, and hence the villa at Thalambur was his best option.

There are many points to be considered before investing in a house. There is no rulebook dictating these guidelines since it will vary according to the personal choices of a person. For example, a person who loves the company of neighbours and prefers the amenities, which are provided within various apartment complexes, would choose to buy a flat that is located in a building, among other houses.

But for some, like K Sathya Anand, the Vice-President of a global financial technology company, it is essential to have some space around the house. He was not too comfortable with living in an apartment, in a building. So he opted to buy an independent home in Navalur.

He purchased a villa in Thalambur, in December 2017. “We wanted to live in a place that was not too cramped. And we wanted a good amount of space around it, and that’s why this villa perfectly fit the bill. Both, my children and parents now have enough space. Kids have the space to play. The house is well ventilated and well-lit. All these were driving factors behind the investment,” he says.

He wanted to buy a house in a place where there was no water logging. He also ensured that the roads in the particular area were wide. “Besides, this place is a serene spot. There is so much of green cover in the neighbourhood,” he adds.

The 4-BHK house costs approximately Rs 4,000 per sqft. He believes that the decision to buy a home should be well-thought and people should not rush to purchase a property. He advises, “Check and assess your finances, only then purchase a house. Have some savings left in the bank and do not put all your money in one place.”

Ranjitha G, Times Property, The Times of India, Chennai

PROPERTY RETURN FORM-1-2018 – Property tax self declaration form Chennai Corporation

Property tax self declaration form Chennai 2018 is available

Click here to view the form and download

 

 

 

 

 

Parent documents mandatory for land registrations in Tamil Nadu

Parent documents mandatory for land registrations in Tamil Nadu

Three days after mandating parent documents for registering properties, the registration department has eased the process. Now, the sub registrar offices will accept statement from banks that they were in possession of the parent documents, in case of mortgage. This apart, a written undertaking is necessary for laminated parent document that cannot be scanned for registrations. Furnishing parent document was mandated from June 11 to prevent fraudulent registrations.

In a circular, the inspector general of registration said that people, whose parent documents are with the financial institutions, can furnish statement from the respective banks that financial institutions are possessing the parent documents. The statement can be considered as a document for registrations, it added. As far as registration of plots and flats are concerned, the parent document was required to facilitate registration of the first unit from the same property. “However, the parent document is must during the resale of property to another person,” the circular added.

The registrations department made parent document an essential document for property registrations, wherein the document would be completely scanned by the sub registrar ahead of processing the registration. However, sources said, it caused inconvenience for the public since not all those registering their properties had the parent document, which are lying in different places including mortgaged with banks. Also scanning every document at the sub registrar office led to delay in registrations.

Against this backdrop, the registration department issued certain clarifications on June 13 to its previous order stating that only the first page of the parent document would be scanned for the verification purpose. It further said that those coming for registration must give an undertaking that documents, which are laminated could not be scanned for registration of land documents.

Source: Economic Times, Chennai

Chennai Metro Rail: Track work on Anna Salai underground line nearing completion

Chennai Metro Rail: Track work on Anna Salai underground line nearing completion

Laying of tracks in the underground section on the Anna Salai has reached the final stages.

Chennai Metro Rail Limited (CMRL) has floated tenders for the final finishing of track works from AG-DMS to Thousand Lights. The remaining 10km section of phase-1 between Washermenpet and AG-DMS is expected to be ready by December 2018.

While the laying of tracks has been completed, CMRL is now looking for a company to do finishing work on the downline for a stretch of 1.7km.

“Track work is still underway between Central Metro and Government Estate. We are likely to begin trial run by September,” an official said.

Metro trains are operated on ballastless tracks.

Construction of the stations and its entry structure is in full-swing between Government Estate and AG-DMS. One of the entry structures of stations Government Estate and AG-DMS is being integrated with the existing pedestrian subway.

Civil and track work between Washermenpet and Central Metro stations are nearing completion and installation of signal systems have begun.

U Tejonmayam, The Times of India, Chennai

Registration of properties may soon need Aadhaar

Property registrations in Tamil Nadu may no longer be facilitated without Aadhaar card as the state government is mandating the 12-digit unique identification number for the purpose. The move stems out of a recent fraud involving creation of forged Power of Attorney (PoA) for a plot worth Rs 4 crore at Madhavaram of a city-based resident currently residing overseas using impersonated identity proof with the alleged connivance of the sub-registrar.

Registration department officials told TOI a proposal has been sent to the government to make Aadhaar card compulsory for land registrations. “Once Aadhaar is mandated, people should provide their Aadhaar card as an identification proof. Our biometric devices would be linked to the Unique Identification Authority of India (UIDAI) central server to authenticate that the seller is the real owner of the property,” a registration official said.

It is learned that the proposal is in the advanced stage with the government as it has to amend the Tamil Nadu Registration Rules to make authentication through Aadhaar card for land registrations. Registration department sources said that mandating Aadhaar would help eradicate fraudulent registrations.

According to data available with the state government, Tamil Nadu has a 95% Aadhaar coverage. Of the 7.65 lakh population in the state, 7.27 lakh have Aadhaar cards. “In the cases, where people do not have Aadhaar cards, the procedures of the UIDAI would be followed to facilitate the registrations,” the source said.

In a recent case of fraudulent registration at Madhavaram sub-registrar office, a fake document was created in the name of the original owner of the 4,200 square feet vacant plot such that she has given the PoA to another person. “The forged PoA came to light when encumbrance certificate was applied to sell the property, whose market value is worth Rs 4 crore,” the official added. The case is under central crime branch police for investigation and an FIR has been registered, in which four persons, including George, the sub-registrar of Madhavaram, have been named as accused.

Yogesh Kabirdoss, The Times of India, Chennai

At your service | Times Property, The Times of India, Chennai | July 31, 2018

At your service

Chennai

With a growing number of house owners not having the time to take care of their property, they are beginning to rely on professional property management services to take care of their needs.

House hunting can lead to having interesting experiences for each person. When Srividhya, a financial analyst, was scouring the city for a house to move into on rent, she contacted a person whose phone number was listed on a website. “I found myself speaking to a property manager who enquired about my requirements. He was managing the property that belonged to someone else. But what surprised me the most was that he wanted to interview me to see if I fit the bill of the property owner. I was not aware that the city had such services where an owner could hire such people so that they don’t have to micro-manage certain tasks,” she says.

Many from the earlier generation may have built houses to live in them. But today, buying a house is not merely to live in it, but it is also seen as an investment. Hence an owner, today, need not essentially live in the same house. And this is where home management services are sought.

How exactly is it relevant today? T Chockalingam, Managing Partner, 360 Property Management Services, says, “20 years back, if you owned a house in a city that you currently did not live in, you would take the help of a relative (family member) or a friend to help find a tenant, or to help with anything that was related to the property such as a repair or renovation work. Today, there are a lot of Indians who are settled abroad or live far away from the property, and they may be reluctant to ask a relative’s help in this regard. Simply because they may know that these people may not feel obliged to help them, or they may live far from the property themselves and may find it inconvenient to visit it often.” And that is how these services have become crucial to many Chennai residents.

These companies offer a range of solutions. They help in buying and selling houses, and finding tenants for the house. Tenants are often interviewed, the information is verified and that is shared with the house owner. Sometimes it is also their job to find tenants according to the demands of the owner. “Sometimes they will be particular about tenants having a small family, or belonging to a certain state or community. We have to find them accordingly. Then a rental agreement is drafted and the deal is finalised. We then become facilitators,” says a property manager.

Further, services pertaining to electrical, plumbing, carpentry, flooring, wood work and painting are taken care of by a team from property management service companies. Also, property tax, maintenance charges, water and sewer charges and other expenses are paid on time by these organisations. They visit the property from time to time to check if it has been well maintained by its occupants and even pictures and videos of the same are shared with the owners.

“The prices for the services depend on the size of the property, its location and the specific work that we need to do. Generally, people think it is only NRIs who look out for such help. But even those who have multiple assets, or own a small building with many apartments, take our help,” says Prabhu Shankar, Manager, Nimmadhi Property Management. He offers a word of advice, “Verify if such a company is registered. You can try and do that by checking if that company has a GST number. Also, read the reviews online, see the customer feedback and check if anyone you personally know has enlisted their help.”

Source: Ranjitha G, Times Property, The Times of India, Chennai