Imagine getting down at a metro station on your way back from the office and being able to do your grocery shopping. Or, even better, getting down at a metro station to watch a movie, which means no dependence on private vehicles! Well, this would soon be a reality in Chennai. The Chennai Metro Rail…
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Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
With real estate prices and cost of construction on the rise, owning a house in cities remains a dream for the middle class. But it might soon be a thing of the past, courtesy IIT Madras and its efforts to popularize the cost-effective, rapid and eco-friendly method of construction using Glass Fiber Reinforced Gypsum (GFRG) panels.
After the successful construction of a two-storey building at the IIT campus in June this year using GFRG panels, experts from the civil engineering department of the institute are close to an agreement with Tata Housing Development Corporation Ltd to build a housing project at Boisar, a suburb in Mumbai, for low-income groups.
The GFRG building method essentially uses glass fibres and specially calcined gypsum plaster to make the regular panel stronger and water resistant.
At a time when home buyers in the north and west are opting for smaller formats that fit their pockets, Chennai has continued its aversion to 1BHK units. For Chennai home buyers, small is definitely not ‘in’. A close look at the demand and supply data of Chennai property market reveals that the market is…
Read MoreDilapidated mill building will be demolished for the 71-acre project; work to begin in 2015
City-based Binny Ltd is venturing into the real estate space and will be setting up an Integrated Township through development agency model within the Binny Mills complex in Perambur, Chennai. The 71- acre-project will entail investments to the tune of Rs. 5,000- Rs. 6,000 crore. The existing dilapidated mill building, a prominent location in many Tamil films, will have to come down, sources said.
“Yes, we are coming out with a township. It would be a mix of both residential and commercial space. Work will commence by the second half of 2015,” M. Nandagopal, executive chairman, Binny Ltd, toldThe Hindu. “80 per cent of the township will be residential in nature and 20 per cent commercial. There will be retail activity too. A mall, hospital, and school are also on the cards,” he added.
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