Okkiyam Thoraipakkam, the up scale neighborhood lining Chennai’s very first six-lane IT Expressway on the OMR is the new address for most of the IT global giants and has gained significant importance in the real estate market. Located very close to the Pallikaranai marsh, Thoraipakkam is spread across a stretch of three kilometers, starting from…
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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
Open House, a consumer forum by Magicbricks, is a regular medium that addresses buyer’s and seller’s doubts and queries. Eminent panels of experts who have in-depth knowledge about the real estate industry, tax regulations and legal nuances in property deals provide advice to reader’s queries. With the proposed changes in the income tax laws by…
Read MoreThree major land deals on the southern periphery of Chennai indicate a renewed interest among the corporate sector in the city. According to reliable sources, major deals concluded recently include a 4.5-acre parcel of land bought by Eicher Motors to set up a technology centre for Royal Enfield. The plot has been acquired near Sholinganallur…
Read MoreChennai is gearing to catch up with the lost momentum in investments when compared to its cousins in South. The real estate market is predominantly driven by end users constituting 75-85 per cent and their typical investment ticket size has been estimated at Rs 40-60 lakh. However, the pent-up demand is slowly entering the market now.
In a panel discussion on aiding real estate growth in Chennai, Credai –JLL initiative has analysed with industry captains consisting of leading developers, international property consultants and HFCs and banks, on factors ailing the realty sector in and around Chennai and the remedial measures needed to revive the sector.
Chennai is the preferred destination for corporate occupiers due to availability of skilled professionals and Tamil Nadu accounts for more than 30 per cent of the engineering talent available in the country. The city which has been awarded India Today Best City Award 2014, also boasts of the highest number of chartered accountants in the country.
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