Mall culture in Chennai is all set to exert its full allure, with over 20 glitzy shopping malls planned to come up in the next three years. Some notable upcoming retail projects in the city are to be introduced by reputed builders such as DLF, Shriram Properties, and Prestige Group.
Bangalore based Prestige Group has plans to build a second Forum mall in the city’s artery, Mount Road. The group has recently completed a Forum Mall at Vadapalani in Chennai, in a joint venture with Vijaya Group. Spread over 17 lakh square feet, the mall involves an investment of Rs 350 crore. Read More »
Church Land In Chennai To Attract High Bids
South India property market may undergo a paradigm shift with an auction of a 9 acre plot on Chamier’s Road in the Chennai’s central business district. The site is wooing big realty players of national repute. The list includes the prominent names such as Hiranandanis, DLF, Unitech, Nitesh Builders. They all put in bids evaluated at over Rs 500-550 crore.
The Archdiocese of Chennai administers properties through a trust. The Authority is offering the land on a 66 years lease. In addition, there is no renewal clause attached to the land, which is primarily attracting the bids. However, the bids will be open this week. Read More »
Buying a House in Chennai turn into a Prohibitive Choice
Scouting a comfortable as well as affordable house in booming Chennai is no better than an uphill climb with property prices reaching the skyline in the city. Full time real estate agents have captured the market and have kicked out part time brokers here.
The task to buy a home has become more troublesome for middle class families who are blaming brokers to earn large profits without investment and taxes. Read More »
ETA Star to Invest USD 923 mn in Chennai
In a bid to tap the growing demand for residential projects in India, ETA Star Property Developers Ltd, a group company of Dubai-based ETA Ascon, has announced to invest USD 923 million to construct an info-tech park in Chennai.
The IT Park, to spread over an area of 100 acres would home leading software companies such as Microsoft, Intel, IBM. Its commercial part will be developed as a part of mega residential project. Read More »
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