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Real Estate OpportunitiesViews: 10778
Jul 15, 2008 5:53 pmReal Estate Opportunities#

Ravi Padmanabhan (padmania@gmail.com)
Dear Moderator

Can we have a sticky thread for this too

Regards
Padmanabhan

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Jul 16, 2008 7:24 amThe Hindu article dtd July 4th on developments in GST Road#

Ravi Padmanabhan (padmania@gmail.com)
This article from "THE HINDU" dated July 4th gives a good insights on investing in these areas - Maraimalai Nagar,Singaperumal Koil and Guduvancheri

http://www.hindu.com/2008/07/04/stories/2008070456150600.htm
Far from the maddening crowd might be rephrased as "further away…" considering the long distances that people seeking land for building houses and for investment are willing to travel.

Real estate activity, which till a few years ago was restricted to places with good transport connectivity has now spread deep into remote locations and obscure villages.

Villages beyond the southern suburbs of Chennai are witnessing frequent visits by property buyers, apart from small-time and leading players in the business.

And making the most of it are owners of ancestral property who are willing to sell portions of it for princely sums, and the mediators who facilitate these deals.

For instance, villages around Guduvanchery, Urapakkam, Padappai and Maraimalai Nagar are witnessing real estate activity that was, till some years ago, seen only in urban pockets around Tambaram.

With the Grand Southern Trunk ensuring a round-the-clock road network, and adequate suburban electric train services between Tambaram and Chengalpattu, villages not far from railway stations on this sector have become ideal destinations for the middle class and salaried sections with restrictions on their budget to purchase a plot. And today, houses have begun to mushroom in Kayarambedu, Madambakkam and Petumaattunallur near Guduvanchery, Iyanchery and Adhanur near Urapakkam and also in some villages near Maraimalai Nagar and Singaperumal Koil.

Guduvanchery, Urapakkam, Maraimalai Nagar and Singaperumal Koil are well connected by Metropolitan Transport Corporation buses and suburban electric train services and the issue of transport is addressed to.But an important problem faced by new settlers in such villages is inadequate transport services to link their localities with the railway stations and bus stops.

"But it hardly matters to us as most of us have arranged our own mode of transport," said C. Arumugham, 38, working in a private company and a resident of Madambakkam for about four years now.

But for those, especially, elders who depend on public transport, access is a crucial issue.

And nearly all the new settlers in these places come to work in Chennai and distance hardly counts as long as they have an independent house nestled amidst clean and neat environs.

For many families like Mr. Arumugham's who have purchased plots in villages that are a few kilometres away from the nearest railway station, distance hardly matters.

There are very good DTCP Approved plots in this localities starting from Rs 175 per sq ft onwards.For further info do contact 98414 38486 or email:padmania@gmail.com

Happy Investing
Padmanabhan

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Jul 16, 2008 7:59 amre: The Hindu article dtd July 4th on developments in GST Road#

Basab Ghosh
The real estate rates in Chennai are over heated. What is the likelyhood of the rates falling in near future?

Private Reply to Basab Ghosh

Jul 16, 2008 8:13 amre: re: The Hindu article dtd July 4th on developments in GST Road#

Ravi Padmanabhan (padmania@gmail.com)
As city property prices are becoming exorbidant and way beyond the reach of middle income groups affordability. Hence the prices in the suburbs are soaring fast as the city expands in its leaps and bounds.

City properties are overheated,this meant those who cannot afford in the city had to move to the outskirts.

Chennai city is exploding at its seam by expanding through its lenght,breath and in all directions. Growth in East of Chennai is next to impossible (Unless you plan to live on sea) pollution in the North Chennai makes living difficult. South has already extended upto Chingleput which is 20kms from City.

Properties in the outskirts are high to an extent in OMR,Sriperumbudur.With STPI (Software Technology Park Scheme) coming to an end in 2010 lot of IT Majors are moving to SEZ's (Special Economic Zones) for Tax benefits.The GST Road is a fast becoming a new IT Corridor with 3 SEZ's.

SEZ's like Mahindra City near Singaperumal Koil(http://www.mahindraworldcity.com/chennai/ )hosts many companieslike I.T. companies like Infosys,WIPRO,Mindtree,Capgemini,Mastek,IFlex and other MNC's like Shell ,Nissan, BMW, Ford and Colleges like SRM Group of Colleges, Cresent Engineering are very close to Mahendra city.Appolo Hospitals too have opened here.

With close to 300,000 people getting employment in the next few years this would be a safe good option to invest.

Earlier when properties were developing by leaps and bounds during peaks of IT Boom, Chennai was expanding fast from Vellachery and reached beyond. Later on as the car factories and major IT and its Allied industries started to come in at a jet rush, the need for more space and easy access for its employees was the prime need. Hence the reach is now in this stretch.

Happy Investing
Padmanabhan

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Jul 16, 2008 1:17 pmre: re: re: The Hindu article dtd July 4th on developments in GST Road#

Sandhya Raju
I undestand that there is no way the prices are going to come down. I handle PR for a leading builder. Already new flats are being priced for Rs.2800-3000 per sft in the market, which was earlier selling at 4500+ / sft, hence chances that prices wont go below.

At this point, would like to let you know if any of you are looking at buying new flat,can get you good rates. Projects available at OMR, Sriperumbudur, Kelambakkam, Thaiyur and Madhavaram.

And yes, development and more life will be seen in the outskirts.

More details on property can be had on PM.

Private Reply to Sandhya Raju

Jul 17, 2008 9:28 pmre: 200 ACRES OF LAND REQUIRED IN BANGALORE#

Anupam Ganguli


200 ACRES OF LAND REQUIRED IN BANGALORE

200 acres of land required in Bangalore / Bangalore area for developing a trade exhibition ground.
Parties with lands or with access to such lands may PM or mail at anupam.ganguli@gmail.com

Private Reply to Anupam Ganguli

Jul 28, 2008 3:41 amre: re: The Hindu article dtd July 4th on developments in GST Road#

Muralidharan Bashyam
This is related with GST road project....

Only few plots available very near by Mahindra city.

Per sq. feet - Rs. 325/-

Panchayat approved. DTCP not yet approved.

minimum 1000 sq. feet and 2400 sq.feet available.

Interested parties may contact me for further queries.. Pls PM

Reg
Muralidharan PB
91 92821 26535

Private Reply to Muralidharan Bashyam

Jul 28, 2008 9:05 am30-40 seater IT setup required on lease#

Tarun Hukku
Hi,

We are looking at a setup and are evaluating a couple of cities, one of which is Chennai - would prefer if it in an established Tech park type of environment, with a common cafeteria/foodcourt, parking space rather than a standalone building. Proximity to the highway or the closest station would be a plus.

1. Well furnished with good seating arrangements - 30 seats
2. A cabin or two and a discussion room
3. Must be AC
4. Must have 24/7 power availability
5. Preferrable if there is a an existing leased line

Basically a plug and play setup that is readily available.

Please revert to me with details at tarunh (at) microland (dot)com immediately

Tarun

Private Reply to Tarun Hukku

Aug 14, 2008 9:25 amFlat or Bungalow#

Varun Ramsisaria
I need a flat with more than 3 bedrooms or a dual flat will also do..
I may consider a bungalow too

Location Desired:
Anywhere between Tamabaram and MM Nagar

P.s:The house should be of a good ambience and also Vastu Proof

Private Reply to Varun Ramsisaria

Aug 16, 2008 11:56 amPrime Residential Property - On the GST Road - nr Chenagalpet - For sale#

Ravi Padmanabhan (padmania@gmail.com)
Dear Investors,

The property details are as follows

Plot Size : 1950 sq ft - 2 east facing plots

Location : BLB Madhava Nagar/Highway Town i.e on the GST Road after Mahindra City nr the TollGate.

Offer Price : Rs 20 lakhs for each plot

Ownership : Direct Owner selling

Attractive for investors/builders also

For further info contact Padmanabhan 98414 38486 or email:padmania@gmail.com

Happy Investing
Padmanabhan

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Aug 18, 2008 8:51 amNeed a independent bunglaw in Chennai#

Ranjeet Rayen
Hi,
Looking out for a independent bunglaw in Chennai.
Complete with the works of a covered car park, swimming pool, servant quarters, a landscape garden.
Preferably in ECR.
Kindly touch base with authentic information at the earliest.
Ranjeet

Private Reply to Ranjeet Rayen

Aug 19, 2008 12:09 pmre: Need a independent bunglaw in Chennai#

Sandhya Raju
Ranjeet what is your budget?

Private Reply to Sandhya Raju

Aug 21, 2008 1:02 pmReal Estate Investment Seminar - Sunday - August 31st 2008 - 5.15 p.m to 7.00 p.m#

Ravi Padmanabhan (padmania@gmail.com)
The Sensex is returning negative in 2008

Is it possible for you to create huge wealth now.

If you think of wealth generation you cannot discard Real Estate.

If you would have invested Rs 1 lakh in OMR in 1994 now it would fetch a minimum of Rs 10 crores!

Think this Rs 1 lakh invested in Velachery 1999 would have become Rs 1 crore in 2008!

If you had missed out all these opportunities and would like to find another one that could fire like OMR or Velchery we are here to help you.

Find out the Blockbuster Investment of 2008

Also any other question which you have, feel free to ask in the CHENNAI INVESTORS MEET

Venue - Thiyagarayanagar Social Club,
Panagal Park,
Behind Woodlands Hotel,
Chennai - 17

Date - Last Sunday of this months

Timings - 5.25 pm to 7 pm (followed by dinner)

Guest Fees - Rs 500 to be paid before the program

Contact - Padmanabhan @ 98414 38486 for further Information

Happy Investing
Padmanabhan
98414 38486

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Aug 25, 2008 9:20 amre: Real Estate Investment Seminar - Sunday - August 31st 2008 - 5.15 p.m to 7.00 p.m#

Ravi Padmanabhan (padmania@gmail.com)
Find out the recent trends in the realty markets.

When you are considering purchasing a property for real estate investing, you’ll want to remember that there are generally two ways to make money on the property you purchased. One is from capital appreciation, where the value of the property increases, and the other is from renting your property out. However, how do you know whether a property is a good investment?

Join us for the seminar this Sunday at 5.15 PM

Happy Investing
Padmanabhan

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Sep 08, 2008 6:50 amAvailable For rent Ideal for IT Companies/Call Centers -Domestic /International#

vasanth vasu
Property At Chennai - Sitauted @ Nerkundram, Chennai - 600 107.
Location: Just 1.5 kms from Koyambedu circle (Inner Ring Road) on Poonamallee High Road. This is a very important road, which leads to Bangalore Highway, the road becomes 6 lane Road & highways work is going on in this Road which will be completed in another 6 to 10 months.
Floor areas:
• Office - 5760 Sq.ft.- 2 Floors. Out of this area, we made 2880 Sq.ft fully furnished & fully Air Conditioned.
• 9,250 sq.ft.- 3 Floors - Ceramic floorings – with good ventilations - full fittings of light & fans.
• Toilets - 7 Toilets in the building.
• Parking - Around 2,200 sq.ft. available for Car & Two wheeler parking.
Compliance - This building layout is as per all norms to match compliance requirements

Power - Connected power is 100 HP from TNEB & can obtain another 30 to 40 HP additional power.

Man Power availability - Surrounded by several Engg colleges, Residential areas Anna Nagar, Kilpak, Arumbakkam, Saligaramam, Valasawakkam, Thirumagalam, Moggapair, Nullampur Ambuttur, Maduravoil are within the raidous 3 to 7 km.

Private Reply to vasanth vasu

Sep 08, 2008 7:13 amre: Commercial Space For Rent II Posting -Ideal For IT/Call centers Domestic/International#

vasanth vasu
Property - II @ Maduravoil, Chennai - 600 095.

Location: Just 3 kms from Koyambedu circle (Inner Ring Road) on Poonamallee High Road. This is a very important road, which leads to Bangalore Highway, the road becomes 6 lane Road & highways work is going on in this Road which will be completed in another 6 to 10 months.

Floor areas:
• 21,000 sq.ft.- 4 Floors - Ceramic floorings – with good ventilations - full fittings of light & fans.
• Toilets - 8 Toilets in the building.
• Parking - Around 4,000 sq.ft. Available for Car & Two wheeler parking.
Compliance - This building layout is as per all norms to match compliance requirements
Power - Connected power is 148 HP from TNEB & Power back up 75 KVA Genset..
Man Power availability - Surrounded by several Engg colleges, Residential areas Maduravoil, Anna Nagar, Kilpak, Arumbakkam, Saligaramam, Valasawakkam, Thirumagalam, Moggapair, Nullampur Ambuttur, are within the raidous 3 to 7 km.

Thanks
Vasanth
9840882093
vasanth312@yahoo.com

Private Reply to vasanth vasu

Sep 08, 2008 7:41 amre: re: re: The Hindu article dtd July 4th on developments in GST Road#

Selvakumar Arivazhagan
Hi,
we need 1000 sq.ft space for rental in OMR, how can i contact you

Private Reply to Selvakumar Arivazhagan

Sep 09, 2008 4:17 pmGated Lake View Community near Chennai#

Dr.Senthil drsenthil23@hotmail.com Tamilarasan www.pranaveyecare.com
Haai all CNK Members

I'm glad to announce our new project "Lake View colony", a land layout in one of the serene localities of Chennai. I'd like you to have a glance at the info below. In case you or any of your acquaintances are interested in buying plots in this layout, please let me know.


State Bank of India is our finance associate, which means all our customers have the facility to avail loans for buying plots at “Lake View colony”.

for more details visit - www.vmegroup.com/lakeview.html

The rate per sq ft is Rs 325.

Contact me to have the best deal.

Dr.Senthil
Mob 9840324333
Email drsenthil23@hotmail.com

Private Reply to Dr.Senthil drsenthil23@hotmail.com Tamilarasan www.pranaveyecare.com

Sep 09, 2008 5:22 pmChennai to get Rs 25,000-cr IT hub#

Ravi Padmanabhan (padmania@gmail.com)
State to develop 1,400 Sq Km Between OMR And Bangalore Highway

-Times of India,Pg 4,Sep 9th 2008

Chennai: With a proposed investment of Rs 25,000 crore on infrastructure, the Tamil Nadu Industrial Development Corporation is laying a road map for an IT investment region (ITIR) covering 1,400 sq km area (3.5 lakh acres) southwest of Chennai and lying between the Old Mahabalipuram Road (OMR) and the Bangalore Highway.


"It is an ambitious project aimed at dispersing the infrastructure evenly by creating plug and play facilities for investors across the ITIR over the next five years. Though the investment on infrastructure will be under a public-private partnership, the lion's share will be contributed by the government. Going by past experience, the actual investment on infrastructure could be much more than the initial projection. We expect corporates to move in with an investment of Rs 4 lakh crore into the ITIR, which would generate roughly 4 lakh additional jobs," said a TIDCO official.


The proposed region is bounded on the
east by the OMR — from Chennai up to Mahabalipuram —
and on the north by NH4 — from Chennai up to Kanchipuram.

The NH 45, up to Chengelpet, (after Mahindra World City SEZ), will cut across the proposed ITIR.


The region will have four new rail networks —
Taramani-Mahabalipuram (along the Buckingham Canal),
Chennai-Kanchee puram (along NH 4),
Chengelpet-Sriperumbudur and
Kancheepuram-OMR.
Oragadam will be the meeting point for the last two sections.


The project aims at expanding several existing roads and creating new ones that will function as grids for development. While all arterial roads will be six-lane, the width of smaller roads would be minimum four-lane, said the official.


TIDCO is in the final stages of preparing the preliminary report. "The initial proposal is being prepared in-house. Once the union IT ministry approves the proposal, a detailed report will be prepared with the help of professional agencies," said another official.

"Apart from what is needed for the infrastructure, no land will be acquired by the government and no existing development like industries, residential layouts and dwelling units will be disturbed. Under this model, industries will have to acquire wasteland on their own. Even if 20 percent of the total land in the region is available for development, business houses can look forward to acquiring around 70,000 acres," he noted.


The project aims at expanding several roads and creating new ones that will function as grids of development. While all arterial roads will be six-lane, the width of smaller roads would be four-lane
Though the primary objective would be to promote IT and ITES units, there would be no restriction on other industries setting up shop in the ITIR. Further, there will be no fiscal benefits specific to the ITIR. "Investors will have to make the best use of existing schemes," said the official.

Happy Investing
Padmanabhan
9841438486

P.S.One can invest in DTCP Approved Plots with clear titles starting from Rs 4 lakhs onwards and reap good appreciation in the long term.

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Sep 11, 2008 4:18 amNeed Flat in chennai#

Gayathri M
Hai,

Looking for a flat with 3 bedrooms or duplex flat in chennai.

Location preferred:

Anyone of the following places.

Mylapore,Royapeta, Mandaveli, Raja Annamalaipuram, Triplicane, Alwarpet,Adyar, Santhome, Thiruvanmiyur, Ashok Nagar or KK nagar.

The house should be of a good ambience and vastu required.

Pls do mail(gloriousgayas2002@yahoo.com) the details regarding to this and I will get back to you with budget and other details.

Regards,
GM

Private Reply to Gayathri M

Sep 24, 2008 5:36 pmShriram Properties to mobilise Rs. 650 cr -Plans three new projects in Chennai, Bangalore, Ahmedabad#

Ravi Padmanabhan (padmania@gmail.com)
*Plans three new projects in Chennai, Bangalore, Ahmedabad

To develop residential complex in Chennai

Hospitality, retail sector foray proposed
*
CHENNAI: Shriram Properties, the real estate arm of the Shriram Group, will
be raising another Rs. 650 crore through strategic partners for promoting
projects across the country. The company had earlier raised Rs. 891 crore
through various strategic investors, which were deployed in projects in
Bangalore, Vizag, Kolkata and Chennai.

M. Murali, Managing Director, Shriram Properties, told The Hindu that the
sum of Rs. 650 crore would be used for developing three new projects in
Chennai, Bangalore and Ahmedabad. These funds would come from investors, who
would also take a stake in special purpose vehicles (SPV) to be floated to
implement the three projects.

Mr. Murali said for this round of fund-raising, the company was holding
talks with various investors, including a German-based real estate fund Hypo
Real Estate. The investors were also looking at investing into the SPVs that
would be created for each project.

In Chennai, it is proposed to develop a residential complex on 125 acres of
land on the GST Road. Similarly, IT and residential complexes were planned
in Bangalore and Kolkata.

The 125 acres in Chennai would be divided into two projects comprising
budget and premium flats. The company hoped to construct budget apartments,
which would be priced half the value of premium flats, on 20 acres and the
balance would be developed into premium apartments.

Mr. Murali said his company was planning to enter the hospitality and retail
sectors. Shriram Properties and a U.S.-based hotel giant would set up a
chain of budget hotels across the country. Similarly, it was scouting for
international partners for setting up retail malls in Chennai, Vizag,
Kolkata and Bangalore.

Construction of budget housing was also on the cards, he said. At present,
the company had identified Chennai and Bangalore for this project with an
investment of Rs. 150 crore. Each of these cities would have 1,000 units for
which 70-80 acres had been identified.

About *Shriram's SEZ IT Park in Chennai,* he said Phase-I of 8-lakh sq. ft.
had already been completed and the space was occupied by companies
such as *Accenture,
Satyam and Take Solutions*. Phase-II with 10-lakh sq. ft. would be completed
by March 2009.

Work on Phase-III, consisting of 10-lakh sq. ft., would commence by January
2009. The total cost of the project was Rs. 1,200 crore. For the Chennai IT
project, Shriram had equity participation by London-based Sun Apollo, a
private real estate fund provider.

*
Happy Investing
Padmanabhan
98414 38486

Our view: It is estimated that this project of Shiram Properties in Chennai would rougly add 1.25 lakh people employed in various companies occupying it.Any good investment around this belt would fetch superior returns in the next few years.

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Oct 03, 2008 12:02 pm4.7 acres of land for sales in Velacherry#

Ranjeet Rayen
A single plot of 4.7 acres without any litigation is available in Velacherry in the vicinity of the MRTS and Sutherland. Ideal for building flats, residential complexes, IT parks, etc. Its a corner plot, hence can be used sensibily to make the maximum use.
Contact me for further details.
Ranjeet

Private Reply to Ranjeet Rayen

Oct 14, 2008 12:42 pmLooking for 1200 SQFT of Land#

karthikeyan mohan
Dear investors or builder or induvidual,

Anyone selling half ground or less with Building Min 2BHK house outside city. after porur or ramavaram towards west/central chennai. Kindly mail me details with your contact numbers.

and your exact info on the available land and rates for sale. am Looking for immediate occupancy.
mail me at gmkk21@gmail.com

regards
karthik

Private Reply to karthikeyan mohan

Oct 22, 2008 5:56 amre: 4.7 acres of land for sales in Velacherry#

sajo paul
Hi

Is this land available for joint venture development?

We are looking for joint venture development of commercial & residential projects.
Genuine and serious land owners pls. contact with details.

regards

Sajo Paul
09243404987

Private Reply to sajo paul

Nov 06, 2008 9:55 amUPMARKET APARTMENT ideal for COMPANY LEASE or GUEST HOUSE!!!#

Vincent Narayanan
Hey!!!

For companies or individuals who are looking for a swank, semi furnished apartment on the 3rd floor, in Chennai's Business District, please contact me.

HIGHLIGHTS:
SI Apartment; With Landscaping in the front; 8 Apartments in all; 2 per floor; Each a Deluxe Building Suite;

DETAILS:
4 BR; Of which 3 are Attached and 2 have ACs; 2200 sft; 3rd Flr; Lift; Vaastu compliant; Tastefully Done Wardrobes; Sep Servants entrance; Seperate Servants Bathroom; Dining Table; Two cots; Fans; Lights; Chandeliers in the living room; Refrigerator; Washing Machine; 36 inch LCD TV...

LOCATION:
In the heart of Chennai's business district, Off Poonamallee High Road, Behind MCC School, Chetpet, Chennai.

RENT:
Rs. 60,000/- per month (Negotiable). Ideal for Senior Professionals on company lease / guest houses.

CONTACT:
Narayanan Vincent (Bangalore) - 99161 32385

Private Reply to Vincent Narayanan

Nov 25, 2008 5:39 pmIndian Real Estate: Should you be investing now?#

Ravi Padmanabhan (padmania@gmail.com)
The real estate industry in India has been on an upswing for the last few years growing at an average of 30% year-on-year. Major reasons for this boom being the growth of the industrial sector and the liberalisation on FDI policies by the government. But with the recent slowdown one wonders if this is the best time to make any investments in real estate.

Ideally, the right time to invest is when the market has bottomed out, but the irony is nobody knows when a market is in its low and if it is the end of the recession. Therefore the best thing to do is to buy when it is low with a right long term investment strategy.

Fact is that the real estate market in India does not offer a good short term outlook due to the credit crisis. However, the long term growth is intact fuelled by strong fundamentals like the rising income, growing population and a growing economy Add to that the fact that property prices have become quite attractive with developers offering various buyback plans and discounts.


Financial Aspect: Opportunity to grab
A correction of 20% is witnessed in property prices across all Indian cities, especially in Tier 1 cities.
Interest rates are as low as 10.25% -11% and are expected to fall further with inflation numbers in single digit now.
Developers are now offering indirect discounts like buy-back offers and are also funding incentives on projects
All-in-all the customer today is very well placed to bargain for the best deals

Capital Appreciation – High in long term
There is a genuine demand driving the Real Estate Industry. According to the ministry of housing and urban poverty alleviation, there is a shortage of 24.7 million houses in the country!
According to Cushman & Wakefield, the pan-India demand projection across office, residential, retail and hospitality segments is expected to be approximately 1,098 million sq. ft. in the coming 5 years.
Government is liberalizing the norms for FDI facilitating increased investment in Real Estate sector by Overseas Investors
The rupee is at a 10 year low against most foreign currencies, making Indian property that much cheaper in dollar terms and therefore a great avenue of investment.

India story still Intact
The BRIC report citing the Indian economy's potential with the view of surpassing the richest countries by 2050 is indicative of it being among the fastest growing markets
Top 50 Indian cities will have a gross income greater than US$20 billion by 2015
In 10 years there are forecast to be over 400,000 HNWIs, four times the number today.
The Indian economics continues to be resilient. GDP growth is projected at 7% for the year 2009. During April-Aug 2008, exports rose 35%, while imports rose 37.7%, indicating sustained demand.
FDI during April-August 2008 was a record US$14.8bn (a 114% rise Y-o-Y)


Real Estate Growth: Large & Real
India’s population is set to rise by around 320 million from 1.13 billion in 2007 to 1.45 billion by 2025
It is estimated that more than 70% of households are currently nuclear families, a figure that is expected to rise further and create additional demand for housing in the medium term
Total personal disposable income has risen from US$ 492 billion in 2003 to US$ 876 billion in 2007 and is expected to rise to approximately US$ 1,800 billion by 2012.
India’s urban areas are set for strong growth in the medium term. It is forecast that 41% of the population will be living in urban areas by 2011, an increase from 28% in 2001

Happy Investing
Padmanabhan
http://www.invest-chennai.com

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Dec 05, 2008 4:45 pmre: Indian Real Estate: Should you be investing now?#

Basab Ghosh
How are the property prices doing in Chennai now? What is the likelihood of prices falling further?

Private Reply to Basab Ghosh

Dec 07, 2008 7:27 amre: re: Indian Real Estate: Should you be investing now?#

SOEB FATEHI
average 12% to 15% drop in next four to eight months before they stabilize Basab

Private Reply to SOEB FATEHI

Dec 12, 2008 5:54 amre: re: re: Indian Real Estate: Should you be investing now?#

Ravi Padmanabhan (padmania@gmail.com)
Depends on the location !

Last week Dugar launched Single BHK in OMR near Thiruporur which was all sold off in a day !!

I feel properties which are > 25 lakhs will face slowdown whereas properties which are < 25 lakhs will see good demand.

-Padmanabhan

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Jan 07, 2009 7:20 amwanted a space for rent#

siva kumar
Dear CNK,

A US based university is looking out for a commercial space of about 800 sqft with basic amenities for rent/lease. Sharing of space may also be considered.

Call me at9840031517 /sivadpani@gmail.com

Cheers Siva

Private Reply to siva kumar

Jan 12, 2009 5:38 amre: re: re: re: Indian Real Estate: Should you be investing now?#

Senthil Kumar
I wish to know if this (Jan 2009) is the right time to buy property (Land/Plot for investment purposes only) in chennai given the current market and economic situations? Is is sensible to wait for few more months. Please advice.

Private Reply to Senthil Kumar

Feb 11, 2009 10:56 amre: Chennai to get Rs 25,000-cr IT hub#

Vivek Deenadayalu
The details of the investment proposed are certainly very interesting! I have seen the Times of India report featuring this news item and the accompanying sketch of the ITIR. I also saw on the net, a more detailed sketch of the industries and towns that dot the ITIR- however, in haste, I did not save it. Later, I have made repeated attempts to search for that page that I saw, but cannot get it all?!!! :-(

Can any one of you help?

I would very much like such a sketch that shows the location of various industries and towns that are located in the Chennai ITIR.

Would appreciate any assistance in this regard!

Vivek Deenadayalu

Private Reply to Vivek Deenadayalu

Feb 18, 2009 10:27 amFirms shifting to SEZs to cut cost#

Ravi Padmanabhan (padmania@gmail.com)
Special Economic Zones are preferred for their tax and rental advantage


http://www.hindu.com/2009/02/16/stories/2009021658000300.htm


losing sheen: With many IT companies looking at SEZs to consolidate their operations, preferred hubs such as those along Rajiv Gandhi Salai are likely to become less popular.

CHENNAI: The economic downturn is compelling IT companies in Chennai to renegotiate the rent they are paying and pushing some to consolidate their operations and relocate to Special Economic Zones (SEZs).

Industry sources say that some of the clients are moving out of premium IT parks such as Tidel since the monthly rentals there are pitched at Rs. 50 to Rs.55 per sq ft. The companies prefer to settle down in buildings that charge Rs.20 to Rs.25 . When contacted, CB Richard Ellis, the international real estate consultants, who manage Tidel Park, was not willing to comment.

Chennai hosts about 200 IT companies that employ about 2.5 lakh persons. As the downturn affects their operational costs, the companies not only seek State government help in terms of tax incentives, but are cutting cost to save to remain competitive.

“Large IT players in Chennai have started to consolidate their operations spread over various IT parks and are moving to SEZs,” says K.Purushothaman, Regional Director, NASSCOM, Chennai. “The medium-sized players are getting together to negotiate with SEZ promoters to share a common floor plate and cut cost,” he adds.

Industry sources say that IT majors such as TCS and Hexaware, which employ 70 per cent of the IT employees in Chennai, have started to consolidate their operations . The SEZs are increasingly preferred for their tax and rental advantage, say the industry experts.

Four kinds of shifts


“Four kinds of shifts are happening,” explains Ramesh Nair, Managing Director, Jones Lang LaSalle Meghraj, Chennai.

“IT companies are considering new leases in lesser grade buildings such as Grade A or Grade B as opposed to Grade A+ buildings.

Some of them are delaying relocations through short-term extensions. Second buildings are leased than bought.

A few companies are also looking at more density - accommodating more people per available space - to reduce occupancy costs. IT companies that are holding real estate assets are selling them and the money is ploughed into their core business. The bottom line is IT companies now prefer a ‘no frills and cost-effective’ building”, says Mr.Nair.

Tax incentives extension


The IT industry awaits to know whether tax incentives for software parks will be extended beyond March 2009. Even if it is done, as many expect, the companies are still under compulsion to reduce their overheads and establishment charges.

“Rental, travel and other administrative cost constitutes about 20 to 25 per cent of the companies operations and any reduction on this front is seen as a necessity. IT industry is also turning green implementing energy saving measures”, explains Mr.Purushothaman.

Even SEZs are not immune to economic slowdown. Some of the promoters of the SEZs are finding it difficult to meet the condition of building a minimum of one million sq ft of built-up area within three years as the offtake of IT built-up space is reducing. Real estate consultants say that such promoters are seriously considering de-notifying their SEZ status.

The Jones Lang LaSalle Meghraj third quarter report of 2008 showed that the stock of IT space in the SEZs was 3.9 million sq ft and the stock in the non-SEZ IT space was 19.6 million sq ft. Of this, only 100,000 or 0.1 million sq ft was absorbed, leaving 23.4 million sq ft vacant.

Happy Investing
Padmanabhan

My Opinion - Real estate Investments around Mahindra World City SEZ which is almost 100% booked would be a good bet for the next 5 years time.

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Feb 25, 2009 9:15 amre: Firms shifting to SEZs to cut cost#

Basab Ghosh
Any index of current resale values in deifferent areas of Chennai?

Private Reply to Basab Ghosh

Feb 27, 2009 6:33 amre: re: Firms shifting to SEZs to cut cost#

stranger
There is a plot for sale in B'lore in a gated complex called Ferns
Meadows in Bilishivale (close to the new airport) and a flat for sale
in Mumbai (Pali Hill, Bandra). Anyone interested, pls. send me PM.
Thanks.

Private Reply to stranger

Mar 08, 2009 8:40 amre: re: 200 ACRES OF LAND REQUIRED IN BANGALORE#

Ehsan Ahmed

Hi
Please let me have your budget & the location you would be interested for 200 acres of land in Bangalore

Also please let us know if you hav any requirement in Chennai

Best Regds
Ehsan
floor.trendz@gmail.com

Private Reply to Ehsan Ahmed

Mar 08, 2009 8:45 amre: 30-40 seater IT setup required on lease#

Ehsan Ahmed

Hi
Are you still looking for space ?
please do let me know
Regds
Ehsan
floor.trendz@gmail.com

Private Reply to Ehsan Ahmed

Mar 13, 2009 8:10 amGST Road sustains rental values ReAlty CHECK - The Hindu - March 10th 2009 - Pg 3#

Ravi Padmanabhan (padmania@gmail.com)
Dear Ryzers,

Kindly go thru this recent article which has come in The Hindu dtd 10.03.09 about the realty prices stability in GST Road.

CHENNAI: Even as various parts of Chennai experience considerable reduction in property and rental values, many residential localities in proximity to Grand Southern Trunk (GST) Road are able to maintain the rental values over the last few months. At some locations, an increase of 10 per cent in residential rentals over that of last year is also being reported.

“GST Road is one of the first roads on the outskirts of the city to witness development many decades ago. Better road and rail connectivity, proximity to airport, availability of water in plenty in many of the localities have made people opt for residential accommodation near GST Road,” said M.K.Sundaram, Chairman of Builders’ Association of India (South Centre).

People in the realty sector say the locational advantage is the main factor behind the popularity of GST Road. The workforce of the industrial belt at Maraimalai Nagar, Padappai and Oragadam areas finds living along the GST Road more convenient than in localities near their workplace. The areas had witnessed a flurry of construction activity in 2006 and 2007, leading to an increase in the availability of housing stock.

However, property values have reduced by around 30 per cent going by the market value of recent transactions, says P.Raja, a broker. The rate of reduction in property values has been relatively high in areas beyond Tambaram. The decrease in property value is not significant in areas such as Chromepet, Tambaram and Pallavaram, according to Ganesh Murthy, a broker.

In the past, the rate of increase in rental values in many of the residential areas near GST Road had been lesser than in other localities of Chennai, according to brokers. So it is not surprising that the rental value has not moved significantly in the recent months, says B.Velu, a broker.

One of the major rail network in the city - Chennai Beach to Chengalpattu - running parallel to GST Road, has also contributed to the sustenance of rental values in some areas, say brokers.

While middle class families continuing to opt for residential accommodation in areas near GST Road is a key reason for sustenance of the rental values, IT professionals experiencing pay cuts have started taking interest in the area because of relatively affordable rentals with better connectivity.

With regard to property transactions, the number of sellers is increasing significantly even as the number of buyers remains a microscopic minority, according to Mr.Velu. Residential areas near the Paranur railway station near Mahindra City have experienced an increase in residential rental value of around 10 per cent, said K.T.Inbasekaran, a broker. However Maraimalainagar, a few km away, has been witnessing a reduction in rental value. The availability of larger number houses without tenants in Maraimalainagar has contributed to the reduction, he says. “Given the fact that the GST road precinct is close to upcoming IT SEZ’s, excellent residential catchment locations such as Tambaram, Chromepet and Pallavaram with good rail and air connectivity, rentals have seen an increase in many areas over the last 2 years from Rs. 10 to 15 per sft per month,” said Ramesh Nair, Managing Director-Chennai, Jones Lang LaSalle Meghraj.

The apartments in areas near the road were priced in the range of Rs.2,700 to Rs.4,500 per sqft, he said.

“Properties along roads such as Thoraipakkam Pallavaram and Kelambakkam Vandalur Road, which originate from GST Road, are expected to also benefit in the medium term,” he added.

Happy Investing
Padmanabhan
09841438486
http://www.invest-chennai.com

My Opinion - Real estate Investments around Mahindra World City SEZ which is almost 100% booked would be a good bet for the next 5 years time.

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Mar 13, 2009 8:17 amRealtors pin hope on bulk bookings - The Times of India - March 11th 2009 - Pg 15#

Ravi Padmanabhan (padmania@gmail.com)
Chennai: Builders are leaving no stone unturned to lure back buyers for their residential projects, especially those in the suburban areas. Stretches like the Old Mahabalipuram Road (OMR) in Chennai boast of a large number of unoccupied flats, and developers are hoping that initiatives such as bulk bookings by corporate employees would change their fortunes.

“The OMR is increasingly becoming an important commercial hub. People working here are looking to buy homes closer to the workplace. They want to walk to work now,” says Anand Jain, MD of Hallmark Infrastructure. Jain’s company has two housing projects under way in Maraimalai Nagar, with prices upwards of Rs 10 lakh per flat. Hallmark is in talks with several corporate players. “We are giving 10% to 15% discount on bookings done by corporate firms,” says Jain.

Similarly, Vijay Shanthi Builders is also taking the corporate route to sell their project in the OMR. “We have got a few enquiries from corporate firms. We won’t be giving a discount in booking, but we would definitely cater to other requirements, like employees from one company would get flats in a single block,” says Suresh Kumar, MD of Vijay Shanthi.

Home booking has seen some activity in the last couple of month, and with the RBI cutting policy rates and the fiscal year coming to an end, builders are stepping up their marketing too.

Builders are pegging affordable housing and studio apartment units (ranging between 400 and 800 square feet) as ideal for working couples. For instance, Hallmark is looking at tapping corporates in a big way for one of its OMR projects, which is mostly one and two-bedroom units with area ranging from 400 sq ft to 760 sq ft. DLF has also given presentations to corporate companies for a project in the OMR.

This project has run into trouble after some buyers demanded their initial deposit back. “But we haven’t embarked on any major exercise with corporates yet,” says P Ravindra Kumar of DLF Southern Homes.

Interestingly, it’s not just the private sector employees who are being wooed. With the global slowdown, the focus is back on government employees. “Recently, government employees have got a pay hike and many of them are looking at investing in a home,” says an official of BSNL’s regional telecom training centre, Maraimalai Nagar. The PSU company is in talks with Hallmark for housing options for its employees.

Nevertheless, bulk booking isn’t as easy as it sounds. “Unlike individual bookings, corporate bookings take some time to materialise. That is because many companies have their own internal procedures in this respect,” says Kumar of DLF.

Happy Investing
Padmanabhan
09841438486
http://www.invest-chennai.com

P.S. We offer DTCP Approved plots available in New Chennai(close to Mahindra City SEZ) starting from Rs 225/sqft.

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Mar 18, 2009 2:11 pmCOMMERCIAL PROPERTY on TTK Road near IBM/VODAFONE office#

JAI N
Hi All,

One of my contacts is renting out office space @ TTK road Alwarpet, close to IBM/Vodafone building.

Space detail - 3000 sft of space with 22 ton AC and a Diesel generator, and 18 PCs (basic config..)

5th floor, with lift. 1 car parking available seperately, and ample parking space in the vicinity..

If interested do call me @ 9840878483 or PM me.

Yours truly
Jai

Private Reply to JAI N

Apr 17, 2009 5:14 amReal estate#

sujatha suresh
Friends,

looking out for a plot of land and or old house for sale in the range of 20L - 25L. I know this is very challenging however, if anyone does have or know someone pls PM or mail with heading "House for sale Ryze" to me so I can follow up....

Have a nice Day!
SS

Private Reply to sujatha suresh

Apr 23, 2009 8:33 amOne BedRoom House for Rent in T.Nagar#

Kumuda Gururao
One bedroom apartment with attached bathroom in T.Nagar available for rent for short stay like 15 days / 1 month or more.

For details Contact Ms.Sanjana

Mobile : 9962511425

Private Reply to Kumuda Gururao

May 16, 2009 1:10 pmre: One BedRoom House for Rent in T.Nagar#

Senthil Nathan
Need commercial space of around 5000 sq. feet in Chennai required for rent. Fully furnished space with facility for around 80 computers to be accommodated. The space should be something of ready to occupy type and in prime location.

Interested parties may give the details with sq. ft. rate for rent. Email me to nathan.rks@gmail.com

Private Reply to Senthil Nathan

May 31, 2009 11:13 amwww.hunting4house.com - Free Real Estate Site#

Sudheendra Kumar
Hii

www.hunting4house.com - Free Real Estate Site islaunched a few days beofre. Please post all your properties in the site for Sale/Lease etc

Intellexconsulting.com , Starentrepreneurs.com, Brainstores.com ,

Private Reply to Sudheendra Kumar

Jun 06, 2009 3:53 amOffice Space Available in Prime Locality-T Nagar#

Ram Sridhar
Our Serviced Office at T Nagar will be available from May'09 onwards.

The office is located on South Boag Road, T Nagar.

-Easy accessibility from airport and other important areas of Chennai and located in one of the posh localities of Chennai
-Fully A/C rooms with comfortable workstations
-Power backup with 5 KvA UPS
-Secretarial Assistance**
-Plug & Play facility for your desktop/laptop
-Printer/Fax/Copier/Scanner**
-AirTel Telephone** with unlimited & hi-speed broadband for 24x7 usage
-Brand new refrigerator
-Security
-Parking
-Travel desk (for all your local/international air and train tickets, cabs,
hotel bookings etc.)
-Doctor on call
-Conference facility arrangement
-Catering service
(** conditions apply)

The office space is newly painted and fitted with brand new tiles [flooring].

The rental for this 1000 sq.ft fully furnished office will be @Rs.85/- per sq.ft [Rs.60/- for the area and Rs.25/- per sq.ft for the furniture and other fittings]. Electricity charges to be paid by the tenant, separately.

Maintenance Charges will be @Rs.5/- per sq.ft with 6 months advance. Minimum lock-in period is 1 year. Brokers, please excuse.

You can depute someone to have a look at our office by prior appointment.

Please call or mail.

Ram Sridhar-9840619109
Sriraman-9381029276
contact@virtuindia.com
http://www.virtuindia.com

Private Reply to Ram Sridhar

Jun 09, 2009 5:38 pmSriperumbudur land for sale#

Nagarajan B
2 grounds with clear title and patta available for sale near Empee Distilleries, close to Savitha Engineering College located after Queensland on NH4 - Bangalore-Chennai Highway.

Call Nagarajan on +91 98804 99100 or mail bnrajan@gmail.com

Private Reply to Nagarajan B

Jul 31, 2009 6:59 amre: PLUG ANY PLAY -SW Sapce @ T Nagar Chennai#

vasanth vasu
Hi Guys
I have My Friends Space for rent. Its A posh commercial space Stlit plus 3 floors which has 82 work stations space with 120 KVA generator power back up. Top floor Pantry and dining space, MD Room. Server room conference halls etc . Each floor is 1550 sqft. Independent single unit was earlier used by a Microsoft vendor. Building is just 3 years old . The place is off GN Chetty rd near accord metropolitan hotel

Private Reply to vasanth vasu

Aug 03, 2009 5:58 pmSale: 11.5 & 20acres of water front land suitable for Resorts & other projects in Wayanad.#

Deepak Sriram
Hello,

Attached are details regarding a exclusive 11.5 & 20acres of land suitable for Resorts or Short/ Long Term Investment.

The property is located in 25Kms from Kalpetta, Wayanad, Kerala and has a spectacular view of the Banasura mountain and Banasura Sagar Hydel Project & has a water frontage of 1Km. Banasura Sagar dam is Asia's second largest earthen dam. For more details view attached file.

This property is nestled in the pristine natural beauty of western Ghats. The property value appreciation is expected to very high. Both Private players and Govt. agencies are getting involved promoting Wayanad as a responsible tourism centre. This has been officially declared by the State Govt. of Kerala in April 2008.

Wayanad has reachable by road from cities like Bangalore, Mysore, Calicut, Coimbatore & Ooty.
It presently attracts a lot of weekend travellers from the above cities and small but steadily growing number of travelers from abroad.

In-fact the entire district of Wayanad has many rain forests and ecologically sensitive zones and is in between
the Nilgiris, Bandipur Forest Reserve and MM Hills(Near Ooty).The Govt. has realized that it is of
paramount importance to prevent uncontrolled growth and also conserve the natural ecosystem.

Our company can provide additional services like Govt approvals, Liasoning work for operating a luxury resort/ Health
Resort etc. and can undertake both civil construction, architecture and Design and operations support and
Marketing the property post launch. We can develop a highly professional Marketing plan for both domestic and International tourists.

We are currently assisting a reputed company with all of the above services.
We can arrange for a site visit including accommodation at Wayanad & also assist with complete property registration.

Important Note:

1) Only serious inquiries please.

2) The owner will not sell the property below a reasonable price. He plans to hold onto the property until he gets his expected returns.

Note to Real Estate Consultants:

We have exclusive rights to the sell these 2 properties. A handsome commission can be gained if the sale in closed at the earliest(in a shortest possible time frame).

We know the owner personally and will ensure that interests of all parties concerned will be taken care of.
Also, please let me know if there are any other requirements which we can fulfill.

Regards
Deepak Sriram
Partner
VenturePlus Consulting Services, Bangalore.
Mob: +91- 98453 19609

Private Reply to Deepak Sriram

Aug 25, 2009 6:49 pmRealty Check:Low interest rate leads to rise in sanction of home loans - The Hindu - 25th Aug 2009#

Ravi Padmanabhan (padmania@gmail.com)
CHENNAI: The lure of low interest rate in the first few years on home loans is becoming one of the significant factors behind the increased disbursement of the loans in Chennai.

Many banks and housing finance companies (HFCs) reduced the interest rate recently and there is expectation of a further cut.

“Low interest rate on lending, relatively affordable property prices and income confidence among people have become the major reasons for recent bookings and more home loan enquiries in Chennai,” said R.R. Nair, Director and Chief Executive of LIC Housing Finance Ltd.

The company had announced an interest rate of 8.75 per cent floating for home loan up to Rs.75 lakh and a fixed rate of 8.9 per cent for first three years. It had also cut interest rates for new loans by 0.5 per cent effective from August 1.

According to Indian Bank, 843 people in the city have enquired about home loans with it this month mainly because of the affordable interest rate.

A total of 562 in-principle sanctions, totalling Rs.91.66 crore, have been given.

Indian Bank recently announced a festival offer of home loans, with a fixed rate of interest of 8.25 per cent for the first three years, for home loans up to Rs.20 lakh. A fixed rate of interest of 8.50 per cent for first three years, for home loans of Rs.20 to 30 lakh, 9 per cent fixed for Rs.30-50 lakh and 9.25 per cent fixed for above Rs.50 lakh for first three years, followed by Benchmark Prime Lending Rate (BPLR) related rate of interest, fourth year onwards, has been announced.

“We expect a good response from the Chennai market,” said the spokesperson of the bank.



Upward trend

Takeover of home loans by Indian Bank is about 20 per cent in its total disbursement, while the rest is towards new home loans. According to officials of the bank, home loan for purchase of flats is becoming more popular now.

The average loan for Chennai region is about Rs.16 lakh for Indian Bank.

State Bank of India, which also reduced the rate of interest sometime ago, has been witnessing an uptrend in the conversion of home loan enquiries in Chennai, according to officials. It had cut rates by 50-75 bps for high-value loans and offers loans up to Rs.5 lakh at 8 per cent fixed rate for five years.

However, the average value of home loan disbursed in the city by SBI has been reducing. The home loan for premium segment housing is yet to improve, according to an official of SBI.

HDFC has revised the interest rate on loans between Rs.15 lakh and Rs.50 lakh to 9 per cent from August 12. The earlier interest rate was 9.5 per cent.



Direct impact

“Decrease in interest rates has a direct impact on the housing market as it decreases the monthly EMIs or the total number of EMI payments, depending on what the customer prefers. Reduced interest rates have an impact on the affordability of paying a home loan,” said Ramesh Nair, Managing Director-Chennai, Jones Lang LaSalle Meghraj.

Happy Investing
Padmanabhan
'Your Own Wealth Coach'
09841438486

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Aug 29, 2009 7:16 amUrgent Need 1 Bedroom appt for rent in Taramani / Adyar / Indira Nagar#

Ravi Padmanabhan (padmania@gmail.com)
Dear Ryzers,

One of my friends,new to Chennai studies in Taramani.
On lookout for Rentals which is a decent appartment/flat which is 1BHK.With Car Parking is preferable.

If you know any do send a PM to me along with the quote for rent and advance required.Alternatively call at 9841438486

Padmanabhan

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Oct 15, 2009 8:16 amCoffeeEstate with Farmhouse Available For Rent / Lease / JV#

Anil
COFFE ESTATE AVAILABLE FOR RENT / LEASE / JV


• Total area:
 5 acres of coffee plantation fully fenced with Electricity
 Farm house with two bedrooms kitchen & hall and a servant quarters.
 Good water source

• Property location: 6 kms from Virajpet on the main road

• Distance:
o From Mysore – 80kms
o From Bangalore – 220kms
o From Mangalore -160Kms

• Property available: On rent /Long term lease/ Joint venture to run home stays etc

• Ideal for:
o Corporate guest houses
o To setup Swiss tents
o To run Home stays
o To setup cozy hut maybe designed in Aboriginal style made of bamboo or arecanut trunks
o middle, upper-middle class, foreign travelers/ clients who want to genuinely enjoy outdoors
o camps and trails

• Major tourist destinations:
 Abi Falls
 Nagarahole Wild Life santury
 IRUPU FALLS
 Dubare
 Madkeri
 Nisagardhama

For more details, contact the undersigned

Anil

Email: anilme@hotmail.com

Private Reply to Anil

Oct 30, 2009 7:50 amAre there buyers for Luxury apartments on OMR?#

Vincent Narayanan

Hi All,

Post the so-called recession and considering that the climate for investment and real estate is picking up, here are a few questions that I would like some of you to answer. A group of us are trying to put up a maximum of 2-3 upmarket luxury apartments on a 60x40 site on OMR in Chennai.

1. Will HNIs and IT professionals living in and around OMR and South Chennai show interest?

2. Or will they prefer to live in Gated communities or Big Branded luxury apartments?

3. Or will it be better to go with luxury Villas?

4. Or is the Chennai market (especially around OMR) still ripe only for a Rs. 25-50 lakh apartment?

Please respond with some answers. Thanks.

Peace and Regards
Narayanan Vincent

Private Reply to Vincent Narayanan

Nov 02, 2009 4:57 amre: re: 200 ACRES OF LAND REQUIRED IN BANGALORE#

Sanjay Boralingiah
Dear Anupam,

I am Sanjay residing in Bangalore and part of the Bangalore Business Network Ryze. Would like to get more details on your requirment on the 200 acer land for the Trade center. I have a few options of land in my data base will forward them to you based on the geographical location of the requirment. Feel free to contact me at sanjayboralingiah@gmail.com or 09448050636.

Pinacle Realestate.

Private Reply to Sanjay Boralingiah

Nov 03, 2009 5:43 pm40 seater a/c training hall available in Anna Salai (nr Gemini Flyover) for meetings/workshops#

Ravi Padmanabhan (padmania@gmail.com)
Dear Ryzers

We have a 40 seater training hall available in Anna Salai

The hall is full air conditioned with nice seats equipped with a writing pad facilty.

The Hall also has a LCD Screen TV which has DVD Facility with excellent audio systems.

One can directly plug in the pen-drive and play presentations instead of using a LAPTOP.


The address:

621 Anna Salai
Opp to ChurchPark School
(Nr Gemini Flyover)

Bookings can be made for minimum 2 hours and in multiples of 2 hours.

Special CONCESSIONAL rates for ODD Timings (Non-peak Hours).

For bookings and inspection of the Hall contact MR Ashraf @ 9841292715


To Your Success
Padmanabhan
09841438486

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Nov 06, 2009 2:04 pmre: Are there buyers for Luxury apartments on OMR?#

Palani S
Dear Vincent,

There are buyers for luxury apartments. 25-50 lakh is stilla comfortable margin. Please contact me:+919940288317 / palanis.realestate@gmail.com for further details.

Palani

Private Reply to Palani S

Nov 10, 2009 5:59 amre: re: Are there buyers for Luxury apartments on OMR?#

Vincent Narayanan
Dear Palani,

Many thanks. Will call you soon.

Peace and Regards
Narayanan Vincent

Private Reply to Vincent Narayanan

Nov 27, 2009 7:10 amHouse for Rent needed#

Varun Ramsisaria
Hey i need a house for rent around 4-5 bedrooms, it can be an independent bungalow or a flat.

Desired Areas
Anywhere from Urrupakkam to Pallavaram

Contact NO:90030-48801
Contact Name: Varun Ramsisaria
Email: Varun@ramsisaria.com

Private Reply to Varun Ramsisaria

Jan 24, 2010 4:28 amRental - Available 3-bedroom house in a posh locality.#

Suresh J
Hi,

A 3-bedroom independent house in posh locality in Bangalore available for rent.

- Gated community
- Children's play area
- 24 X 7 security

An independent house with benefits of apartments. 3BHK with car parking (2 cars).

For further details contact Suresh at 9243494001.

Regards
Suresh

Private Reply to Suresh J

Jan 25, 2010 5:05 am6 Months Old 2-bedroom house for Sale.#

Gurumurthy Venkat
New Appartment - 6 Months old is for sale .

The appartment is very Close to Camp Road Junction - Selaiyur, 200 Mts from Tambaram Velachery Road. Behind Selaiyur Telephone Exchange
Society Name: Agni Rainbow End

2 Bed Room, 1.5 Hall, 1 Kitchen, 1072 sq.ft, 2nd floor, Carpet Area 935 SQ Ft.

Individual Covered Car Parking, Lift, Generator Power BackUP ,

Kids Play Area, Landscaped Garden, Gym, Pool Table, TT Room, Club House,

STP Unit, 24*7 Security with Intercom

Vitrified flooring, Teak wood for main doors, French Doors for Balcony and Granite kitchen Top.

Interested Buyers please Call me @ +91-98408-56755

Private Reply to Gurumurthy Venkat

Jan 29, 2010 2:51 amWanted 2 BHK flats - RESALE#

siva kumar
Hi

Am planning to buy 2BHK flat in Adambakkam. Area 750-850. Car parking required. Independent house also OK. Better if it is located maximum of 2 km from Railway station. My budget is 20L-25L. Home loan is the source of money for me.

siva_is@yahoo.com or 09382124002 are for contact purpose

Best Wishes
Siva

Private Reply to siva kumar

Jan 30, 2010 4:43 pmreal estate portal#

VG Rishi
New real estate portal launched by VG Rishi Real Estate.

http://vgrishirealestate.com


Rishi

Private Reply to VG Rishi

Mar 01, 2010 2:02 pmLand near Mahindra City#

Ravi Padmanabhan (padmania@gmail.com)
Dear Ryzers

One of my client has 1.36 acres of patta land which is just behind Mahindra City in Echangaranai Village.

This is next to Widom Properties layout.

Those interested in outright purchase can PM me.
Expected Price is Rs 90,000 per cent.

Happy Investing
Ravi Padmanabhan
098414 38486

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Mar 01, 2010 2:09 pmplots in ECR for a JV#

Ravi Padmanabhan (padmania@gmail.com)
Dear Ryzers

One of our clients wants to construct a Designer Villa's for NRI's in ECR. We require 3 grounds in ECR before VGP for a JV Project.

Interested persons can PM me.

Happy Investing
Padmanabhan
09841438486

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Mar 01, 2010 2:57 pmre: Looking for a suitable Investments in Commercial Properties across Chennai#

Ravi Padmanabhan (padmania@gmail.com)
Dear Ryzers

One of our premium clients is looking to invest Rs 15-20 crores in a good Commercial Property in Chennai.

Need Clear Titles.

Do send me a PM for the same

Happy Investing
Ravi Padmanabhan
098414 38486

Private Reply to Ravi Padmanabhan (padmania@gmail.com)

Mar 12, 2010 5:31 amLand available on long lease#

sajo paul
6 grounds of land available for long lease - 66 years.
Location: ideal for developing hospital, mall etc.

For more details contact:
S.paul
Mobile:09243404987
Bangalore

regards

s.paul

Private Reply to sajo paul

Apr 20, 2010 12:08 pm 200 ACRES OF LAND REQUIRED IN BANGALORE#

srinivas murthy
I dont think you can get 200 acres of land in bangalore but you may get it in hosur which is close to bangalore just half an hour drive, if interested get back to me.

Private Reply to srinivas murthy

Apr 29, 2010 9:40 amre: re: Looking for a suitable Investments in Commercial Properties across Chennai#

srinivas murthy
Dear padmanabhan

How is Hosur Real Estate

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Apr 29, 2010 3:56 pmre: re: re: Looking for a suitable Investments in Commercial Properties across Chennai#

Muralidharan Bashyam
My client needs about 1200 Sq.ft built up space for outright commercial purchase. My client is also interested even if it is an individual house. Their main objective is accessable to all both train and bus. Like T.Nagar, RK Salai,Nungambakkam, Nelson manickam road. They require atleast 2 car parking inside the premises.

Interested parties may pm me or Brokers also welcome.

reg
Murali



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Jun 16, 2010 8:17 amre: re: re: re: Looking for a suitable Investments in Commercial Properties across Chennai#

Shankar C.S
46acre of coffee,cardamom and granite quarry land available in coorg.. Pricing is fairly good.
do pm me for more details
shankar

Private Reply to Shankar C.S

Jun 16, 2010 2:55 pmPlot or Flat for sale#

Muralidharan Bashyam
Plot in Ambattur(pudur) is for sale

My friend is a builder has a plot of 1200 Sq.ft.

His idea is to build a flat 1+1. He has got approval for the plan. The plot has got muncipality approval also.

If any body wants to buy as a plot, he is ready to sell.

Or

If anybody wants to buy as a flat, he is ready to build within short time. For more details

please contact me. Brokers excuse.

91 92821 26535
or PM me.

Thank you

Private Reply to Muralidharan Bashyam

Jul 02, 2010 4:02 pmOffice space#

Muralidharan Bashyam
Requirement 1:

My Client requires an office for outright purchase.

Minimum area required is 1200-1500 Sq.ft

Requirement 2:

There is a requirement for an individual house. Neat and perfect document is mandatory.

Requirement 3:

A friend of mine is looking for a flat in Mylapore. Very low budget expecting 400-500 sq.ft flat.

Interested parties please send me private message

Private Reply to Muralidharan Bashyam

Jul 03, 2010 12:32 pm Looking for a suitable investor for projects in hosur#

srinivas murthy
hi

i have a residential project called as Eco vista with 120 plots in hosur and its completely sold out, i am looking for suitable investors for my next projects (farm Plots)

regards
sri
09591989884

Private Reply to srinivas murthy

Jul 06, 2010 9:32 amEWS Ground Floor Flat for SALE#

Nanda Kishore.M.P.
Hi All

My sister has a Tamil Nadu Housing Board allotted 400 Sft Ground Floor Flat near Aiyappa Temple, 45th Street, KK Nagar, Chennai for immediately sale. Clear Documents without any encumbrances. Expected Price Rs.15lakhs. Please write to me at nandakishoremp@gmail.com or call me on 09448312176. I am based out of Bangalore.

With Warm Regards
Nanda Kishore

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