Chennai real estate market would spell celebration time for the real estate developers and investors in the New Year.
The journey continues::
Special homam at G P Rani Mahal, Trunk Road, Walajapet, for Tamil New Year. Rent House in Chennai. Matrimonials. Hot New Jobs.Apply Now
http://www.chennaionline.com/festivalsnreligion/religion/03danvantri02.aspHOME |
Chennai Open has impressive line-up::
look forward to ushering in the New Year in style as Indias first ATP Rent House in Chennai. Matrimonials. Properties on Sale and Rent. Marriage on mind?
http://www.chennaionline.com/events/Sports/2006/11chennaiopen.aspHOME |
With the makeover of the Chennai International airport, which will, sport an international look by 2010, the infrastructure and connectivity of the city would be improved.
Expert workforce and a favorable business environment have always worked in the advantage of Chennai real estate. But presently it’s the way the city is shaping up to equal the standards of modern living and on looking new developments, that’s magnetizing huge investments.
Education - Schools::
schools new ways - (Dec 25th, 2007) - 113-year-old Olcott Memorial High School Chennai kids for Malaysia contest Properties in Your City
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The Hindu : Tamil Nadu / Chennai News : Fire Department set to acquire ::
fire personnel received around 1,500 to 2,000 calls every year. How fire-safe are our high-rise buildings? City Pulse. An opportunity to relive the past
http://www.thehindu.com/2007/06/26/stories/2007062660980300.htmHOME |
New Developments Triggering Real Estate Values
Modernization of airport would create business prospects and boost the property values in the vicinity.
According to a Chennai real estate website, the sale of a 28,000 sq. ft property on the Boat Club Road, a prime locality in the city, for Rs 42 crores, has sent the Chennai real estate market into a spin.
The apartment capital values in Vela Chery, near airport, for the month of December are around 3,500-4,200 per sq.ft as compared to 2,500-3,000 per sq.ft for the month of September.
The demand for hotels and service apartments would also set off as a result of airport renewal. This will mean more business for the hospitality industry.
Further it will also benefit the travel and tourism industry of Chennai. All this would help boost the economy as well.
Future Outlook
An Israeli real estate firm has invested USD 135 million in a Chennai project to develop mixed-use high-end residential and commercial complexes, says media report.
According to the report, Elbit Medical Imaging Ltd (EMI), a Nasdaq listed Israeli firm, has bought 80 per cent of a 135 acre plot in the southern city from an unnamed Indian real estate developer, who will own the remaining 20 per cent.
Owing to the exceptional development of IT/BPO sector in Chennai and with foreign investments and improvement in infrastructure facilities and services, the Chennai Real Estate market is inviting sumptuous investments.
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Chennai Properties Set High for New Year