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INVEST OR NOT Vol : 1 Issue : 3 August 2011 ` 30 Developer of the Month Chandrakant Kankaria Project of the Month The Village Focus Chennai's Top 100 Projects Chennai Real Estate

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Page 1: Chennai Realty - August 2011 Issue

Invest or

not

Vol : 1 Issue : 3 August 2011

` 30

Developer of the MonthChandrakant Kankaria

Project of the MonthThe Village

FocusChennai's Top 100 Projects

Chennai Real Estate

Page 2: Chennai Realty - August 2011 Issue

Salient Features: 1.20 Acres 21 Villa Apartments 4 BHK 5410 - 5460 sqft

Kothari Road, Nungambakkam

Luxury Living Gets a New Identity!Premium luxury lifestyle in the heart of Chennai

Five Star Clubhouse & more...

Vijay Shanthi Builders Limited : 20/43 Kasthuri Ranga Road, Near Russian Cultural Centre, Alwarpet, Chennai-600018

Contact

97898 51111

Page 3: Chennai Realty - August 2011 Issue
Page 4: Chennai Realty - August 2011 Issue

Editor & PublisherKishore [email protected]

Editorial ConsultantInkWell Publishing

Production ManagerPrasanna Venkatesh

Design HeadNandha Gopala Krishnan

Marketing ManagerLeslie Anburaj+91 [email protected]

Sales ManagerGeo Bruce+91 [email protected]

SubscriptionKeerthana+91 [email protected]

PhotographyStalin Ramesh

Website DeveloperVinzing Designswww.chennairealty.biz

Circulation HeadRadha Krishnan

Dear Patron, Chennai was in the thick of things at the political, economical and consequently at the real estate level. With the bureaucracy completely being churned over, decision making took a back seat and red-tapism had set in, making it difficult for the real estate industry to move forward. Though there seem to be some light at the end of the tunnel towards the later part of the month, it remains to be seen how the new government will take to growing the real estate industry in Tamil Nadu. The month also saw Chennai’s penchant for luxury homes at Luxury Homes 2011. The success of the event is another testament to Chennai’s increasing reputation as a stable real estate investment destination. In this edition, we take an in-depth look at property investment in Chennai at a time when it’s not clear how the market would go from here. On the face of it, everything looks to be fine, customer off-take of homes remains healthy, new projects are getting launched and prices seem to be holding up. Whether the trend would continue and the growth sustainable remains to be seen in the next coming months. This edition comes loaded with very useful information on topics like property registration, making your home environment friendly, saving energy, Feng Shui and more. The article on making homes safe for elderly people should make an interesting reading. Also featured is updated Top 100 Projects which should continue to serve useful in the hands of a potential home buyer. The Village developed by Phonenix-Hodu Developers on OMR is being showcased as ‘Project of the Month’. I was personally very impressed with the development at site and feel that this could well become another iconic residential development on OMR, the first being Hiranandani Upscale. Chennai Realty was the partner magazine for ‘Luxury Homes 2011’ expo at Chennai and came up with Chennai’s first real estate show directory in association with Eyeball Media, the organizers. The show directory was distributed to all 2800 registered visitors. Once again, we are happy to report that our weekly e-newsletter PropWatch has crossed a readership of over 17,346 numbers and growing. I personally apologize for the inadvertent errors on some pages of our previous edition and promise that such mistakes will not happen again. We sincerely regret for the inconvenience caused.

Happy reading!

Kishore KumarEditor - Chennai Realty.biz

Editor’s Note

Chennai Realty.biz is solely owned, published and designed by Dimension Four Infomedia LLP. Whilst every effort was made to ensure the information in this magazine was correct at the time of going to the press, the publishers cannot accept legal responsibility for any errors or omission, nor can they accept responsibility of the standing of the advertisers or editorial contributions. The views expressed do not necessarily reflect those of the publisher.

Marketing and Registered OfficeNo. 53-A, Church Street,

Thangam Colony, Anna Nagar,Chennai - 600 040, INdIAContact: 044-26160216

Printed by NPT Offset Pvt Ltd

TNENG/2011/0086

Page 5: Chennai Realty - August 2011 Issue

10 WHAT'S HOT: Is this a good time to invest in real estate in Chennai? Find out…

FEATURES 26 Comfort Zone: Ace Photographer Sunder Ramu opens out

his favourite space

28 Feng Shui: Demystifying the art & science of Feng Shui

30 Trend Turner: More on making your home go green

32 Show Space: Deco Aro gives you a taste true home décor

36 Health Quote: Is your home designed for the elderly? Find out…

38 Tech Talk: Here’s how you could reduce your electricity bill

NEWS YOU CAN USE 06 Realty Bytes: Interesting updates on the

realty scene

46 Chennai's Top 100 Projects: A one-stop ready reckoner for the potential homebuyer

58 Cityscape: Chennai’s residential and commercial price trends

61 Handy Guide: Looking for a handy man? Here are some tips!

62 City Musing: Pergolas – catching the style trends

26

Contents10

28

24www.chennairealty.biz 5Chennai Realty August 2011

INDUSTRY FOCUS16 Project of the Month: The Village

20 Developer of the Month: Chandrakant Kankaria

24 Watch Out: Style trends you could make use of

34 Smart Money: How to calculate your rental yield?

35 Smart Money: Learn how your house could pay for your pension?

40 Policy Police: Everything you need to know about property registration

42 Get Help: Investing in Plots. Check this out!

Page 6: Chennai Realty - August 2011 Issue

Realty Bytes

CHEnnai to HoSt WorlD’S largESt tyrE ManufaCturing faCility

French tyre major Michelin's upcoming manufacturing facility north of Chennai, with a total capacity of 4.5 lakh tonnes

radial tyres is likely to be the group's single largest manufacturing facility in the world. The first plant is currently under construction and will begin production in November 2012, rolling out about three lakh radial tonnes of truck tyres in the first year.According to Nicolas Beaumont, President and Managing Director "The maximum tonnage on site is 4,50,000 tonnes and it will eventually be the biggest in the group. Close to 90% of the production will be for domestic use". The first factory, which will produce bus and truck radial tyres, is being set up at Thervoy Kandigai SIPCOT Industrial Park on 290 acres of leased land in Tiruvallur district. "We are investing ` 4,000 crore over seven years

and will hire about 1,500 people," he added. The first set of 356 employees is already undergoing training at a centre on the site as well as in centres across the world.

With healthy growth in domestic tourism to popular pilgrimage sites like Madurai, Thanjavur, Tiruchi,

Rameswaram and Tirupati, several mid-segment hospitality chains are planning to set up hotels in these regions. As per industry estimates, a 50 to 60-room hotel in areas like Tiruchi (Srirangam temple), Madurai (Meenakshi temple) and Rameswaram (frequented by devotees to perform last rites) with investment per key in the range of ` 30 lakh - ` 50 lakh is a good starting point for a venture. Companies like Fortune Park Hotels, an ITC owned hotel chain, is looking at properties in Rameswaram and Tiruchi. “Setting up and managing properties in tier II and tier III locations is an attractive proposition not only from the cost of fund perspective but also from the recovery perspective,” says Suresh Kumar, of Fortune Park Hotels. Sarovar Hotels & Resorts, another hotel management company, has inked a joint venture with Marasa Hospitality (part of the Africa-based Madhavani Group) for opening hotels in Tirupati, apart from other religious destinations. “Unlike in resorts where there is a high element of seasonality, hotels in pilgrim towns clock good occupancies throughout the year,” says Anil Madhok, managing director, Sarovar Hotels & Resorts.

HotEl CHainS CHECk into PilgriM SitES in SoutH

With manufacturing industry increasingly giving up on Special Economic Zones, or SEZs on the

grounds that they have become unviable, there is another sector of the economy that would like SEZs. In their case, though, SEZs would stand for Special Education Zones.“Creating a Special Education Zone will allow educational institutes to set up in a large area and then optimise common services such as auditoria, canteens, hostels or student accommodation, sports facilities,” said Sanjay Chordia, chairman, Suryadatta Group, which runs a clutch of educational institutes.Concurred Vidya Yeravadekar, prinicpal director, Symbiosis Society which runs educational institutes, saying, “According to government rules, every educational institute needs to reserve 40% of its plot for sports facilities. If we had an Educational Zone, we could all of us collectively set aside the space as part of the common facilities,” adding, “I believe education is an industry and we plough our profits back into the business.”

EDuCational inStitutES Want

SPECial EDuCation ZonES

www.chennairealty.biz6 Chennai Realty August 2011

Page 7: Chennai Realty - August 2011 Issue

www.chennairealty.biz 7Chennai Realty August 2011

If one were to go by the recently released National Housing Bank’s Residex, a property price index across 15 cities in India, Chennai has seen the maximum gain of over 130

percent in property price appreciation from 2009. The increase, though, may be true only of the Central Business District areas of Chennai as the index does not cover the peripheral areas of the city.The main reason for rapid increasing of prices in Chennai are twofold, first is the lack of supply of land within city and second is the long delay in getting building plan approved with the government authorities. Even during the downturn in 2009-10, the property prices in Chennai went down only marginally by less than 10 per cent as compared to 25 – 40% correction in cities like Mumbai, Bangalore and Hyderabad. Residential property price indices in Lucknow, Kolkata, Mumbai, Pune and Ahmedabad did not do too badly either. They managed increases of 50-85 percent from their lows in 2008. The big jump in prices explains why many large developers have been moving to these Tier-2 and -3 markets. It is noteworthy that the even after this rise, the average property price in cities such as Ahmedabad, Chennai or Kolkata is significantly lower than in Mumbai or New Delhi. However, whether this kind of rally would continue remains in question, especially given the elevated interest rate scenario. Ms Kalpana Murthy, Associate Director, Residential Services, South, Cushman & Wakefield, feels that most of the locations are already experiencing stable capital values now as markets driven by end-users are typically price sensitive and steep escalation can affect demand.

CHEnnai turnS out HottESt rEal EStatE DEStination

attrition HigHESt in BangalorE, HyDEraBaD & CHEnnai

Companies located in the southern cities of Bangalore, Hyderabad and Chennai are finding it difficult to hold on to their young employees as attrition levels in these cities stood at 15 percent

the highest in the country during the last twelve months. The survey also showed that "better salary" was one of the major reasons for high attrition levels. Majority of the respondents in all of the surveyed cities expressed this view. The survey shows that in the last 12 months, attrition has been the highest in Infrastructure companies, IT & ITES firms. Among the cities surveyed, both Ahmedabad (9.02%) and Mumbai (9.83%) had the lowest attrition rates in the last one year. Even during the last three months (April-June 2011), the attrition levels in both Mumbai and Ahmedabad were just over 7%, while both Chennai and Hyderabad had attrition rates over 10%.

The IT space leasing in Chennai which was in doldrums a year back, is witnessing some action finally with big IT names like Cognizant and HP signing up for space to the tune of 1 million

sq.ft in the city recently. While Cognizant is closing in on 6.5 lakh sqft in the upcoming Ramanujan City in Taramani, which is promoted by Tata Realty, while transnational giant Hewlet Packard is close to signing up 3 lakh sqft in the same SEZ. Cognizant has a global headcount of more than 1.1 lakh, of which nearly a third are employed across its facilities in Chennai. In February, the company announced plans to expand its construction programme in Chennai, Pune, Coimbatore and Kolkata. It said it would invest more than $500 million by the end of 2014 to expand software development and training facilities. The Ramanujan deal is expected to help seat 6,500 Cognizant employees over the next few years. Other big ticket deals in recent months include global e-shopping giant Amazon’s expansion by 80,000 sqft in Shapoorji Pallonji’s tech park in Taramani and Renault Nissan’s design division expansion in Mahindra City by 75,000 sqft. Rentals in the technology space are showing signs of recovery. “In the Taramani belt, last year deals were struck at ` 38-42 per sqft for warm shell (which includes air-conditioning and power back-up), but the going rates now are ` 42-45 a square feet. Overall, things are looking up,” a real estate consultant said. Tata Realty is developing Ramanujan City, earlier known as MGR Film City, in partnership with Indian Hotels (another Tata group company) and Tamil Nadu Industrial Development Corporation, the state government’s investment arm.

aCtion PiCkS uP on tHE it SPaCE front in CHEnnai

BIG BIZ DEALS

Cognizant is closing in on 6.5 lakh Dsqft in the upcoming Ramanujan City

Hewlet Packard is close to signing Dup 3 lakh sqft in the same SEZ

Amazon’s 80,000 sqft expansion at DShapoorji Pallonji’s tech park

Renault Nissan’s design division Dexpansion in Mahindra City by 75,000 sqft

Realty Bytes

Page 8: Chennai Realty - August 2011 Issue

The Madras High Court has upheld the constitutional validity of levy of infrastructure and amenities charges

in the state by Govt. of Tamil Nadu by way of amendment of Sections 63B and 63C of the TN Town & Country Planning Act, 1971, (TCP Act) and the statutory rules known as TN Town & Country Planning (Levy of Infrastructure & Amenities Charges) Rules, 2008. The initial levy was introduced in June 2007 for special and multi-storeyed buildings for ensuring sustainable development leading to the formation of well-planned urban areas and growth centres with additional source of water supply, facilities such as broad road connectivity and provision of infrastructure for long-term basis. The Government fixed ` 500 a square metre for commercial and IT buildings, ` 1,000 a square metre for multi-storeyed buildings, ` 200 a square metre from institutions and ` 300 a square metre for industrial use.

rEal EStatE infraStruCturE anD aMEnitiES CHargES to Stay

Following representations from builders, developers and promoters requesting reduction in the rates of the infrastructure and amenities charges the Government in February 2008, announced that reduction of infrastructure charges at ` 500 a

Though there’s been some confusion as to whether the French automobile major Peugeot Citroen’s (PSA) final

decision on locating their ` 4000 crore integrated manufacturing facility in India, it looks like Chennai could well walk away with the project. The factors which may favour Chennai bagging this prestigious projects includes a mature automotive manufacturing ecosystem with a good supply chain system and availability of skilled manpower with good logistical support. PSA, which had evaluated several sites in many states, has finally zeroed in on a site near Sriperumbudur, which has already emerged as a manufacturing hub for the automobile, electronic and telecom sectors. Already several global automobile majors

frEnCH auto Major May DrivE into CHEnnai for itS ` 4000 Cr ProjECt

including Hyundai, Mitsubishi, Renault-Nissan and Daimler have established their car plants in Tamil Nadu. In addition, the state attracted wider investments through the setting up of numerous auto component units from countries like the US, Korea, Japan as well as Europe to supply parts to these car plants.

PSA, through its wholly-owned Indian subsidiary, will invest around ` 4,000 crore in an integrated automobile manufacturing facility in Sriperumbudur near Chennai. The plant, which will have an initial capacity of 3,00,000 cars per annum, will cater to the needs of the domestic as well as overseas markets. A high-level delegation

from PSA, headed by Gregoire Olivier, CEO of Asian operations of PSA Peugeot Citroen China, met Tamil Nadu Chief Minister J Jayalalithaa to seek the state government’s support for the project. Headquartered in Paris, PSA is the second largest automobile manufacturer in Europe and sells its products under the brands Peugeot and Citroen. Ranked as the sixth largest automobile company in the world, PSA registered sales of $67.3 billion in 2010.

square metre as minimum rate and maximum rate per square metre at ` 1,000. Commercial building, information technology building, group development and special building will have ` 250 and ` 500 as the minimum and maximum rate per square metre for institutional building, the minimum and maximum rate per square metre will be ` 100 and ` 200. Industrial buildings will

have to pay ` 150 and ` 300 as minimum and maximum. Pending final decision from the courts, the Government had directed applicants to pay an initial amount at the rate of ` 100 a square metre as infrastructure and amenities charges.

www.chennairealty.biz8 Chennai Realty August 2011

Realty Bytes

Page 9: Chennai Realty - August 2011 Issue

New Launches

KEH NariNyas

sidHartH daKsHiN

CELEstyN

Location : PallavaramType of Units : 1, 2, & 3 BHKNo. of Units : 192Area : 496-1203 sqftPrice Range : ` 18-55 lakhsCompletion Date : June 2013Amenities : CPA, STP, SP, MPH & CHBuilder : KE Housing Pvt Ltd Contact : +91 91769 87705

Location : UrapakkamType of Units : 2, 2.5 & 3 BHKNo. of Units : 200Area : 801-1000 sqftPrice Range : ` 24-30 lakhsCompletion Date : December 2012Amenities : CPA,STP,SP, MPH,GYM & CHBuilder : Sidharth Foundations & Housing LtdContact : +91 87544 81852

Location : PerumbakkamType of Units : 2 & 3 BHKNo. of Units : 50Area : 836-1289 sqftPrice Range : ` 28-43 lakhsCompletion Date : August 2012Amenities : CPA, STP, MPH, GYM & CHBuilder : Jey Yes Homes Pvt LtdContact : 044-4266 4763

www.chennairealty.biz 9Chennai Realty August 2011

Page 10: Chennai Realty - August 2011 Issue

To InvesT, or noTProperty has always been an essential part of any serious investors' investment portfolio.

Indeed, information provided by the Forbes Magazine shows that over 50 percent of the rich-list made their money in property. In this third edition of Chennai Realty, we probe into the details

of investing in property in and around the city, as it stands today…

Page 11: Chennai Realty - August 2011 Issue

What's Hot

The primary reason for investing in property is that it enables leveraging or gearing for the investor. Leveraging

simply means using someone else’s money (typically that of banks or other lending organisations) to allow an investor to make a purchase using less of his / her own money. Investors can borrow up to 85 percent of the property’s value and get a tenant who partially covers the mortgage. This is typically the margin that an investor looks at, less upfront and higher margin of financing. However, the recent 80 percent margin cap for mortgages with respect to residential properties makes it somewhat more difficult and investors would have to reconsider their intended purchases as more upfront monies is required.Having said that, while property has always been a major investment sector – particularly for the large-scale institutional investors such as banks and insurance companies - for the small investor (apart from owning your own home), property has for long been overshadowed by the various investment opportunities offered by FDs, PPFs, gold, shares, mutual funds and more. With this in mind, let us take a moment to remind ourselves of some factors favouring investment in property.

Markets are Cyclical - prices go up as well as downInvestment markets of all kinds are cyclical in nature (they rise and fall over time) including property prices. But as compared to other high risk, high return products like shares, mutual funds and commodities, real estate prices are less volatile given the fact there is a huge demand supply gap in India for housing. Real estate should continue to grow by leaps and bounds in years to come.

Inflation and interest rates It's difficult to find decent returns from traditional investments like fixed deposits or post office deposits which keep pace with the increasing inflation and interest rates. Real estate can ideally be used as an effective investment option both in the short term as well as long term. One such short term option can be from booking of apartments at a very early stage in a large project and sell it at a later stage when it’s nearing completion. Currently HNIs are making good use of these options with some large developers in Chennai. For a safe investor, even buying an apartment and then renting it out works as a decent

proposition, given the combined returns from rentals and value appreciation will provide a good return on investment option.

volatility in the stock markets The same applies for commodity markets as well. The recent huge decline in silver futures wiped out nearly ` 6,000 crore of investor value. Even during the recession, the property prices in Chennai had gone down only by 10-15 percent within city limits and by 20-25 percent in the outskirts, which has since then rebounded smartly.

House price inflation We have seen some dramatic rises in property prices over recent times. If one were to go by the recently released National Housing Bank’s Residex, a property price index across 15 cities in India, Chennai has seen the maximum gain of over 130 percent in property price appreciation from 2009. The main reason for rapid increasing of prices in Chennai are twofold, first is the lack of supply of land within city and second is the long delay in getting building plan approved with the government authorities. Even during the downturn in 2009-10, the property prices in Chennai went down only marginally by less than 10 percent as compared to 25 – 40 percent correction in cities like Mumbai, Bengaluru and Hyderabad.

increasing job mobility More single households and rising property prices have been a boost to the demand for rented accommodation. With Chennai emerging as a hot investment destination for automotive and electronics companies, the suburbs of Sriperumbudur, Oragadam and Tiruvallur will continue to attract a huge workforce, which would boost the demand for rental properties in those locations. With OMR continuing to attract good number of IT companies, domestic and international, an expected 60,000 employees are likely to be added in the next 12-14 months. This is expected to increase the demand for 1-BHK and serviced apartments along OMR and Tambaram-Velacherry stretch.

Increasing affluence There are now many more people with second homes and funds available for investment. The average age of a person buying a new home has come down from 52 in 1990 to 34 in 2011. This being the

case, around the age of 40, the penchant for buying a larger home or second home has set in. With availability of home loans, buyers are able to afford these second homes. Many small and medium-size private investors and landlords will stick with property investments through thick and thin, through good times and bad, and will reap the long-term benefits. People have always appreciated the benefits of owning property (bricks and mortar) over the long-term, particularly with regard to capital appreciation. But the boom years of the recent past have shown the real potential of property as an investment, though clearly and more recently, we are beginning to see that there are risks as well.

investment returnsDifferent types of investment can be compared both in terms of their overall risk, and their potential rewards (yield). Investments give you two kinds of reward: interest (income) and capital growth (increase in value). The safest forms of investment may only give one of these. For example, a bank investment will give you a guaranteed interest of about 9 percent with absolutely minimal risk - you are guaranteed to get your capital back, but the capital will not appreciate in value. At the other extreme, a high performance share in a smaller company may give a low income (dividend payouts minimal or zero) but a high capital appreciation (growth in share price). This is obviously a more risky investment because you could lose some or all of your capital, although you could also make a lot if the share price multiplies, say by 10 folds, in 12 months.These two examples are at two extremes of the risk/reward spectrum–

Low Risk High Risk

For investors who have owned a property for a considerable period of time, it is often possible for them to refinance the property and take out the initial funds invested while at the same time having the advantage of the property and its continuing increases in value. Considered as one of the major advantages of investing in property, this allows investors to take out a bigger mortgage once the property’s value has gone up. The increased rents to be had a number of years after the initial purchase will continue to partly cover the increased mortgage.

www.chennairealty.biz 11Chennai Realty August 2011

Page 12: Chennai Realty - August 2011 Issue

When a slump in values occur, it presents a ‘knock on’ effect on rents as they usually go up, and rental yields increase even more to reflect property values that have gone lower. The idea behind smart property investment is to wisely leverage on funding that can be raised as debt at a lower rate to fund a property investment. While not everyone will be happy with taking a debt in order to fund property purchases, it is however, seen as beneficial to take do so in order to acquire assets that will appreciate in value and could make substantial profits over time.

to rent or to buy a home, that is the big questionNow, it is not rare to find people who have the notion that today renting a house is better than buying one. Buying a house is one of

the biggest financial decisions one takes in an entire lifetime and the dilemma of ‘rent versus buy’ continues to perplex many people across salary brackets. The decision should be holistic: The decision about where one has to live is dependent on various factors including lifestyle, personal preferences, proximity to family and friends to list the few. Along with this, one also needs to ascertain the investments required and the funds available to make such a decision.Understand the location dynamics: How locations/areas are likely to develop is also an important consideration one has to make. In urban areas, with limited space, a large part of the development is taking place beyond the established regions of various cities. While today, these areas might seem to be far, a decade down the line, with

development, these could be among the best areas to live.Try to envision the kind of development possible in an area before you decide to invest your money. If you rent a house, it is relatively easy to shift from an existing location to another if you are not satisfied by the way things turn up near your house. However, as an owner, it might take time to find the right buyer to sell your property before you can shift.While making a decision about ‘rent versus buy’, involve your financial planner in the process. Irrespective of whether you plan to buy the house in your current city or in your hometown or plan to live on rent – your financial planner can help you adequately weigh the pros and cons in each scenario. Either decision needs to be integrated into

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Page 13: Chennai Realty - August 2011 Issue

What's Hot

Location

Capital Value 2 BHK (`/sqft)

Capital Value 1 Ground of 2,400 sqft

(` in lakh)

Growth Drivers Limiting Factors Outlook Budget Premium Average

SHOLINGANALLUR 3,500 4,000 65 - 75 IT, ITES, IT Expressway Ground water, Pollution, Unorganised growth

THURAIPAKKAM 3,500 4,500 70 - 90 IT, ITES, IT Expressway Ground water, Pollution, Unorganized growth

AVADI 2,850 3,500 65 - 70 Rail connectivity, spillover from Ambattur and Padi

Pollution and poor public infrastructure availability

KOLATHUR 4,000 4,500 70 - 80 Road connectivity with Anna Nagar, good ground water

Pollution and poor public infrastructure availability

MADHAVARAM 3,800 4,200 65 - 70 Highway connectivity, increasing industrialisation in North Chennai

Pollution and poor public infrastructure availability

NOLAMBUR 3,500 4,000 65 - 70 Proposed elevated corridor, spillover from Mogappair

Pollution and poor ground water

POONAMALLEE 2,800 3,600 60 - 70 Proposed outer ring road, close to Sriperumbudur

Poor social infrastructure

MEDAVAKKAM 3,500 4,500 60 - 70 Road connectivity

from GSTPoor social infrastructure

MADIPAKKAM 3,500 4,300 60 - 70 Good ground water Water logging, poor connectivity

PORUR 3.7 4,200 55 - 60 Proposed flyover, close to Sriperumbudur and Oragadam

Pollution, poor social infrastructure

TIRUVALLUR 2,100 2,700 12 to 18 Outer Ring Road, NH and rail connectivity

Poor social infrastructure SIRUSERI 3,000 4,000 45 to 50 IT, ITES, IT Expressway Distance from city centre,

poor social infrastructure PADUR 2,700 3,200 35 to 40 IT, ITES, IT Expressway Distance from city centre,

poor social infrastructure KELAMBAKKAM 2,500 3,000 30 to 35 IT, ITES, IT Expressway Distance from city centre,

poor social infrastructure SRIPERUMBUDUR 2,200 2,500 12 to 18 Electronics and

Automotive Mfg HubPoor social infrastructure

VANDALUR 2,500 3,600 20 to 25 Along rail corridor, close to educational institutions

Poor social infrastructure

SINGAPERUMAL KOIL 2,000 2,500 15 to 20 Close to Sriperumbudur

and OragadamPollution, poor social

infrastructure ORAGADAM 2,200 3,000 10 to 14 Emerging automotive

and electronics Mfg hub

Distance from city centre, poor social infrastructure

www.chennairealty.biz 13Chennai Realty August 2011

Page 14: Chennai Realty - August 2011 Issue

What's Hot

your financial plan to ensure that you do not derail other dreams in pursuit of a house.

the risk of home ownershipAs a homeowner, one should be able to realise that there exists a risk of property prices declining. If you plan to stay in the house yourself, a drop in prices may not affect you much but if you plan to sell the property at a later stage, then this is an important risk factor to be considered in your financial plan.

ownership comes with responsibility When taking a decision to buy, also remember that along with the housing EMI, one has to manage expenses towards maintenance too. Before you decide to buy, it is prudent that you estimate the amount that you are likely to incur on a regular basis.Is it investments versus dreams? From a financial viewpoint, you also need to understand how buying a house will impact your lifestyle. The increased responsibility and cost of ownership may compel you to limit your travel and shopping splurges. You need to decide for yourself about the willingness to make the adjustments required to buy a house.

Different properties suit different purposes and criteria In good and bad times, there are always opportunities available to us. Even in good times, some make bad decisions and businesses go under or investments go sour. Likewise even in bad times, there will be opportunities for some to benefit in far-from-ideal conditions. Some may choose to cash out on their investments at a ‘compromised profit’ to ensure that they ride through this period without incurring very heavy commitments on mortgages, etc. Property investors could pick up these properties that would normally fetch higher market prices.Those who are able to should hold on to their property investments with a buffer of 1-2 years to service the mortgage even in the absence of rental. These investors are on a safe path to sail through the worst of any economic crisis. It will be worthwhile to keep the investment, especially if they have been purchased at good prices (for example, ` 2,100 – 3,000 per sqft) as it is highly unlikely that they would be able to pick up similar units at these prices given the fact that construction material prices have

Will 2011 be a good time to sell or buy property?

The question of whether to purchase property still goes back to the fundamentals, which is firstly to determine what the purpose of the purchase is. Investors/buyers need to be clear on these 3 matters –

What is the purpose of the purchase D

Investment / Purchasing Criteria D

How they intend to finance the purchase D

skyrocketed by as much as 40 percent over the last 1 year. This along with the increase in lending rates to real estate companies from banks will see developers increasing the prices by 5-10 percent in the coming months. The important thing to note is NOT to jump in and purchase any property that is perceived to be below market price. We need to do our SWOT analysis and do the necessary research and preparations that should accompany a substantial investment. You should view your investment strategy as a lifetime's occupation, based on savings and hard work, not a 12-month rush to become an overnight millionaire, which will be the road to ruin for many.

Remember that unlike shares and savings, there is no quick way to get your money out when investing in property. Investments in property can go down as well as up in value and property can sometimes take a long time to dispose of. Never invest money in property when you may need the cash in the short-term. You may have to wait some time if you need to sell and get your money back. Invest with a long-term perspective and get trustworthy professional advice.You can also take advantage of the packages and offers offered by developers i.e. pre-EMI

funding, assured rentals, etc. However, do check the track record of the developer and also the pricing. Though the package can be very attractive, you must count the cost and weigh the potential of capital appreciation when the property is completed as well as its rental potential. It is quite easy to get carried away and follow a ‘herd-like’ mindset and buy on impulse.

What to do as landlords of properties to have your properties rented out?In times when you are competing with many others for tenants, it may be wise to go easy on the rents and have the tenant occupy your premises than to hold on to high prices and wait months while your property is unutilised. Always work out your yearly returns as opposed to focusing on the monthly rental. It may be well worth your while to rent your unit at, say ` 12,000 for 12 months, than to wait to get ` 15,000 for only 9 months of the same year. The longer a property or unit is vacant, the less attractive it becomes.

and in conclusion…Regardless of what you actually believe, the fact is you will need to consider the ongoing cash flow of the property in order to be fully prepared for all cycles in the property market. Being such an attractive investment, buying property attracts a great deal of money. It is also an attractive investment because you can leverage on other an investor’s funds (typically in the form of a credit) in order to make your returns higher. You do not have to invest your own capital entirely, but you will still enjoy the revenue on the entire cost of the real estate you own - both your portion in the investment and the loan money. Property enables you to not only make your own money work for you, but also the investor’s.

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Page 15: Chennai Realty - August 2011 Issue

Ever wondered why some people get discounts from developers while others don’t. So if you are looking to buy an apartment, flat or plot,

join Chennai Realty’s Collective Buying Initiative ‘i-Property’. You could join a group of potential homebuyers in negotiating for best bargain price for your next property purchase. Chennai Realty

will bring to you the best of properties in Chennai at an unbelievable price through this initiative.

You could save anywhere up to Rs.10 lakhs on your property purchase.

Everybody knows collective buying gets the best rates.

Same applies to Real Estate too!

THINK Smart BUY Smart

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Just leave your interest by completing the form in our website www.chennairealty.biz

and we will keep you posted on potential projects in your location of choice and budget.

Page 16: Chennai Realty - August 2011 Issue

Iconic VILLAGEThe Village defies its name in being an ultra-modern luxury residential development

all set to redefine the art of living life

The Village is a well-spaced-out township comprising of super luxury villas and semi-attached villas, swanky low-rise

apartments and contemporary high-rise apartments – all set in an idyllic surrounding of over 40 acres of magnificent greenery overlooking the backwaters of Muttukadu and the Bay of Bengal. The Village dazzles with its touch of timeless elegance. Wrapped within a bright and breezy ambience with resort style facilities, The Village will appeal to the young and trendy professionals looking for lifestyle homes. What’s amazing is that the entire township is a Platinum LEED Certified complex, making it totally environmentally sustainable. A whopping 82 percent of the 40 acres –32 acres – has been left open for greenery. Even the existing trees have all been transplanted and not cut.

In addition to the residential development, the township will be home to a modern retail and commercial complex of over 1 lakh square feet offering its residents the joy of shopping and entertainment within the convenience of the premises. For the comfort of its residents, the township will feature a 5-star club resort with 40 guest suites and host a range of entertainment option from a multiplex cinema complex, swimming pools, spa, state-of-the-art modern gymnasium, tennis, badminton and squash courts, yoga and meditation centre and a vast children’s play area. Common facilities like 100 percent power back-up for all residential units, 24/7 security using CCTV cameras, centralised BMS (Building Management System), 100 percent recycling of waste water for landscaping and flushing, separate underground lines

for sewage, electricity and telecom make the Village a truly iconic development. The project will be developed over 5 years at an investment of over ` 800 crore.

villas and attached villasPhase I of The Village offers 18 independent villas and 50 semi-attached villas. The independent villas have a built up area of 4,400 square feet over a ground plus floors with five bedrooms. The attached villas sport 3 BHK with a built up area of 2,700 square feet. Each villa sports generously-sized bedrooms, dining, living areas, a private courtyard and an exclusive garden, offering you your very own refuge from the chaos of city life. The villas offer 100 percent ‘Plug-n-Play’

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Page 17: Chennai Realty - August 2011 Issue

Project of the Month

facility for its owners as it comes fully-furnished with all desirable world-class home appliances and amenities built in including air-conditioning and 100 percent power back-up.Ofir Bentov, Director, says, “The Village would be one of the largest integrated high-end residential developments undertaken on OMR. The Village is all set to redefine the concept of new age living where people look forward to spending their home time in peace and serenity of Mother Nature.”

low-rise garden apartments and high-rise sky apartmentsPhase II of The Village, which will be launched by September 2011, will feature premium Garden Apartments housed in lots of four and nine stories, and sky apartments raising over 28 floors around a central landscaped core offering unhindered view of the landscaped greens, the backwaters and the sea. Each tower will have a grand reception lounge at ground level and serviced by high-speed elevators. Unique features of the apartments include the building of blade walls and no common walls between two apartments, thus ensuring utmost privacy for each unit. The garden apartments would consist of 2 and 3 BHK options of size starting from

1,200 – 1,700 square feet. All apartments come fully-furnished and have 100 percent power back-up. Each apartment would have its own covered car park which would be accommodated within the ground and double stilt podium structure.

utmost safety and securityThe Village’s 6-tier security control ensures you sleep soundly at night. Security features include CCTVs that are installed at car parks and selected areas within the development, patrolling guards and an extensive card access system. Card access at the guard house, lift lobby, lift access to your respective floor and quadrant zone offers a truly secured home.

Convenient locationCommuting will be a breeze for its residents as The Village is conveniently located within 30 minutes driving distance of major IT majors, hospitals, schools and entertainment options on ECR. The township will have its own modern retail shopping complex located within its premises. According to Satish Gottipatti, CEO, “The Village will offer myriad of recreational facilities not only for its residents, but also be fulcrum for entertainment option in the neighborhood with its modern retail and leisure set to attract people to its doors.”

Page 18: Chennai Realty - August 2011 Issue

Project of the Month

Project HighlightsCategory Super Luxury Township

Location Kalvakkam, OMR

Land Extent 40 acres

No. of Units 18 Villas

50 Attached Villas

48 Garden Apartments (2 & 3 BHK)

600 Sky Apartments (2, 3 & 4 BHK)

Structure Villa & Attached Villa – G + 2 floors

Garden Apartments – G + S1 + 8 floors

Sky Apartments – G + S1 + 19 floors

Size of Units Villa – 4400 sqft

Attached Villa – 2700 sqft

Garden Apartments – 1200 – 1700 sqft

Sky Apartments – Upwards of 1000 sqft

Unit Cost Villas – ` 242 lakhs & above

Attached Villas – ` 135 lakhs & above

Garden Apartments – ` 48 – 75 lakhs

Amenities 1. 82% open space

2. Club house

3. Swimming Pool

4. 1 lakh sqft retail and commercial space

5. 24/7 security

6. 100% Back-up power etc…

Completion Date 2014 - 2015

Developer incentives and profileThe Village is jointly developed between Phonenix Developers, a diversified business group with vast experience in infrastructure development and HODU Ventures, a subsidiary of Gindi Holdings, Israel’s most reputed real estate developer with developments over North America, Europe and Israel. Designed by world-class architects, Cox from Australia and Surbana from Singapore, the Village incorporates the best of modern contemporary architecture and traditional values with specifications that match the best in the industry.

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www.chennairealty.biz20 Chennai Realty July 2011

Developer of the Month

a Walk DoWn MEMory lanEOlympia Technology Park was one of redefining moments for the real estate industry in Chennai as it shattered several myths about creating a world-class iconic office space in the heart of the city. It was one of the boldest and single largest commercial property developments undertaken by a developer in Chennai, 30 percent larger than its nearest competitor at that time. Not only was it large but also became the largest LEED gold-rated green building in the world within 18 months of its launch. Today, it is home to over 13,000 new-age professionals from several Fortune 50 companies. What started off as a commercial project, ended up creating a brand so strong that the group’s identity was named after the project. The Olympia Group is today ranked amongst the best developers in Chennai and has several ongoing residential projects. The company continues to focus on Chennai and poised to deliver another 1 million square feet by December 2012.

The Game ChAnGEr!The Olympia Group is not resting on its laurels for having created an iconic technology park

but looks forward to taking the challenge of redefining property development into an art that sets them apart from the rest, reports Kishore Kumar

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www.chennairealty.biz 21Chennai Realty July 2011

In a conversation with Chennai Realty, Chandrakant Kankaria, Director, Olympia Group shares his views on their prospects for the Chennai market. Excerpts from the interview –

you are from kolkata. tell us about your transition to become a ‘namma Chennai’ Developer?It all happened with the association of Chennai-based Khivraj Group with our MK Group and Space Group from Kolkata for Olympia Tech Park project. I moved to Chennai during the setting up stage of this project and since then, have adopted Chennai as my home. I feel quite at home in Chennai and enjoy what it has to offer including dosas and idlis (smiles).

after developing one of Chennai’s iconic commercial projects, why is that your group did not pursue creating similar developments in the city? As a group, we are not fixated on identifying ourselves as a commercial space developer. We look at development as an opportunity which could give us the best ROI on the land. We looked at opportunities with respect to the parcels of land we had and decided that they were more suitable for residential development than commercial development. In fact, our proposed Pallavaram project started off as a commercial project but

because of delays in land acquisition and other procedures, we had to change our plans and convert it into a residential development. We as a group look at a certain minimum size which would justify our involvement in a project; a 2-ground development takes up the same time for approval as a 4-acre development.

What is your current take on the real estate market in Chennai and where do you see it going? The Chennai real estate market has been quite strong when compared to other metros in India as the demand for residential

spaces is very high from an end-user’s perspective. Chennai ranks second highest in the country in shortage of homes and because of this, the last one year has been good; there has been a good amount of absorption of apartments from the market. I would know more about the OMR stretch because most of our current developments are concentrated there. Of the 4,000–5,000 apartments sold on the OMR in the last 12 months, we would roughly have a share of 20 percent. But there is a cause of concern in terms of rising home interest rates and also the skyrocketing cost of construction material, which will force developers to increase prices.

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Why have property prices gone up by as much as 30 percent in the last 1 year in Chennai?Lack of supply. Price of land has gone up only within the city limits as there is no supply of large parcels of land. Even what’s coming up is being bought at astronomical prices. The same cannot be said of the suburbs, where prices have been more or less stable in the last one year. Procedural delays in sanction of projects also add to the increase in prices of properties as the land is left idle pending approval from the authorities.

So how do you manage such risks given that could be pressure of achieving targets in terms of launch of new projects?We are not under pressure to necessarily launch new projects every quarter or so. We look at the opportunity and factor in the delays before going ahead with the project. We have been an active member of CREDAI and collectively been able to put up our requests to CMDA for fast clearance of approvals.

give us a run down on your current and pipeline projects?Currently, all our projects are in the residential sector. We have Olympia Opaline, a high-rise residential development at Navalur on OMR; almost 96 percent of which has been sold out. Next, we have our luxury project, Olympia Panache, a 23-acre luxury villa development in Navalur where we offer 3 types of villas with private gardens, swimming pools and home elevators. We also have Sky Villas measuring upwards of 6,000 square feet at Olympia Opaline. We will be shortly launching mid-range apartments at Thiruneermalai near Pallavaram which would have around 1,000 apartments spread over 40 acres. We should be launching projects in Kolkata very soon under the Olympia brand and actively looking at opportunities in Bengaluru, though we are not in a hurry to do something. We have an industrial SEZ development TAPP Semicon Park at Sriperumbudur spread over 53-acres for electronics manufacturing as well.

olympia tech Park was a lEED certified gold rates building. What about your residential projects. How green are they? All our projects are green LEED certified whether they are commercial, residential or industrial. In fact, we diligently follow it as our corporate green policy. Olympia was one of the founding members of IGBC (Indian Green Building Congress) and not only follows strict green standards, but also vigorously advocates the same to other developers. We educate our customers in understanding how a green development could lead to substantial savings in the operating cost of their premises.

But the perception is green is expensive. So do you charge a premium for your development from the customers? No, we don’t. Like any other amenities like swimming pools or CCTV cameras, we incorporate the green cost as one of our amenities. In fact, it’s been a USP for our developments and we take our leadership

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Page 23: Chennai Realty - August 2011 Issue

in this green movement very seriously. Today’s customer is very intelligent and has learnt to compare an apple to apple, that’s the reason why our apartments in Opaline are sold at ` 5,000 a square feet while there are other local developers who struggle to sell their apartments at half the price in the same location. Obviously there cannot be a comparison between a regular ground plus three structure with a modern high-rise whose costing is going to be much more, given that there are several elements like common amenities, high speed elevators, cost of construction material and engineering which add up to the final cost.

What about your company’s manpower strength? Do you do your own construction?We are about 100 plus employees currently and would be looking to add another 75 to 100 employees in the next three to four months. Currently, we have our internal team only for project management; everything else is outsourced. But as time goes by, we may be forced to look at our own construction arm to tackle increasing costs in construction. We already have a marketing office in Bengaluru and would be expanding our employee strength in Kolkata as well.

What about opportunities outside Chennai in tamil nadu?To be honest, we have not looked beyond Chennai but given that there could be a good opportunity, we don’t mind looking to Tier II cities like Coimbatore and Trichy. Kolkata and Bengaluru are currently high on our radar, but only next to Chennai; we wish to replicate our success in Chennai in these two cities.

How do you secure funding for your projects?Funding for our projects is primarily through internal accruals and from group companies in addition to structured debt from banks. We don’t leverage too much on funding as we are not a land banking company. One of our SPV’s is TAPP Semicon Park with private equity funding from a large American private equity player. Broadly, we have not gone for any private equity or dilution at any project levels so far.

What about opportunities in retail and hospitality sector?We have not looked at the hospitality sector but retail is of interest to us. If we come across the right opportunity, the group will get involved in retail development at some point. Our focus is to deliver quality construction and so far, all our developments have achieved the distinction of being very high on quality parameters.

So what lies ahead for olympia group?As mentioned before, we look at each and every opportunity with an intent of creating something unique which sets us apart from the other.

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www.chennairealty.biz 23Chennai Realty August 2011

Developer of the Month

Page 24: Chennai Realty - August 2011 Issue

For Your PErfECt homE

Your home reflects your taste and personality, and decorating it correctly is very important. However, because of some common mistakes, it may not look very appealing.

Here are things that you can avoid…

furniture arrangement Badly-placed furniture can make your home look very cluttered and messy. For instance, placing a large sofa in a small room makes your room look over-crowded. Small side table with a big sofa is also not very appealing. If you choose small pieces of furniture for a big room, make sure you buy just enough to make room look comfortable. So, before purchasing furniture, measure the room.

Buying stylish furniture without thinking about how comfortable it is; is a common mistake. Modern dining with uncomfortable chairs only decorates the room. It does not make you feel like using it every meal. Choose comfortable and durable furniture in all rooms to enhance the use of the space.

accessories / décor Too much decoration leads to a cluttered and disorganised look. Placing many expensive

accessories in living room only add to the mess. Choose select accessories that will add to the personality of the space. Do not put too many paintings, sculptures and cushions in a room. Sometimes, a single decorative piece is sufficient to highlight the look of the room. A big sculpture in bedroom or too many small sculptures in living room may not add to its appeal. If you are decorating a childrens’ room, avoid too many toys; it may be difficult to organise the room every day.

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Page 25: Chennai Realty - August 2011 Issue

ColoursWhile colour coordination is good and trendy, too much matching furniture and décor makes the room dull. If the sofa, furnishing and other décor around the room is in the same colour, it can appear cluttered. So, avoid decorating your room in one colour or style.

lighting Improper lighting is another big mistake in decoration. If a room is too dark, it gives a melancholic feel, while a brightly lit room can be harsh on the eyes. So, care must be taken to ensure the right kind of light is used in each room. For instance, you can use task lighting in the kitchen. In the study room, use task lighting along with table lamps or floor lamps to make it conducive for work.

Wiring Your home may be perfectly decorated, but there many cables running across the floor and walls, making it look extremely messy. Undressed cables not only make your rooms look cluttered, but are also a fire hazard. Use cord covers to hide the cables or attach the cables to the back of the furniture.

flooring and rugs Choose flooring wisely; otherwise it may need to be changed after you finish the entire construction. A slippery floor in bathrooms and kitchens is dangerous. Carpets in dining rooms are difficult to clean, as are white floors in kitchens. Small rugs in a big room and wall to carpet in bedroom don’t look nice.

Curtains Curtains are a common problem in house decoration – they are either too short or hand too low. Remember to match the style and design of the curtain to the décor of the room; cotton curtain in modern room and window blinds in traditional room don’t look appealing.

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Watch Out

Page 26: Chennai Realty - August 2011 Issue

Comfort Zone

harmonY In DesIGnChennai’s eminent photographer Sunder Ramu opens up

on his most favourite place in the world: his office – Richa Sharma

Page 27: Chennai Realty - August 2011 Issue

But if he had to make a few additions in his office, it would probably be more vintage furniture of which he is a huge fan. “I am so finicky that once I spent more than a year, looking for the perfect low table all over city and found just one matching all my criteria for ` 40,000. Luckily just before I went to purchase it, I heard of a Korean family looking to dispose their new furniture as they were leaving the city. I got my low table, a dining table set and some frames, all for ` 4,000! So, it’s good to look around and wait while making a big purchase.” he advises. Being a photographer has meant that Sunder is always on the move and travelling to different work locations. But however exotic the locations and however trendy the hotels may be, Sunder always prefers to chill only in his most favourite place in the world. It is warm, inviting and totally encapsulates his laidback style. And as he points out, “The coffee’s not half bad either.” A complete win-win scenario for him, we say!

Shopper's Guide

Sunder loves to shop for his office space at Amethyst, Spacewise, Fab India and Evoluzione, all in Chennai. He also loves to shop all over India and abroad as well. He often ends up buying unique, vintage furniture from Japanese and Korean families. When he goes shopping, he always has a clear idea in his head about what he wants. He is not finicky about the budget rather it’s the synergy between all the pieces of furniture which is the driving point for each purchase.

For most of us the word ‘office’ is synonymous with Monday morning blues, endless commutes and bad

coffee. But for photographer Sunder Ramu, his office is the most favorite place in the world! “Photography is not only my job but also my passion. On most days, my office is my home away from home. I love spending time there because my job is exciting and fun,” says Sunder of his office cum studio. Sunder uses his workspace to coordinate his shoots, fix up meetings and review his shots. He elaborates on the studio’s design philosophy, “As an artist, not only do I need it to be functional but also highly stimulating. I have personally designed the office in a minimalistic manner which helps me work and think better. The studio is compact, balanced, and set in a residential place so it has a very relaxed vibe.” A simple person by nature, Sunder’s office reflects and celebrates his simplicity and inherent creativity. The décor is eye-catching

27Chennai Realty August 2011

and the harmony of design is evident in every aspect. No clutter, no corporate office look and definitely nothing formal. The overall office is airy, brightly lit and cheerful enough to perk him up even on a tough Monday morning. The first thing which catches your attention is the all-white front room complete with metal furniture. He has used this space as a gallery to display his best pieces on the inner wall. The office room inside is decorated with cane and antique furniture with interesting knick-knacks and souvenirs collected from his trips all over the world. “I don’t like run-of- the-mill stuff,” he smiles, “I want my souvenirs to reflect my personality and match my taste in decoration.”On redecoration, Sunder says it all depends on his mood. “Sometimes I won’t redecorate for years, sometimes I will do it within three months,” he points out. Good thinking, we say. As long as one is comfortable and creative in the workplace there is no need for change just for the sake of it.

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However, Feng Shui is not just about rearranging objects and goes beyond redecorating homes and offices. Basically, it considers the overall framework, accounting for the topography of the land, the entire structure, placement of nearby water bodies, vegetation of the area, local climate and the inter-relationship of each other. P Sharda sums up her experience, “We bought a new house with a huge garden. However, soon after we shifted, my husband fell ill and a few weeks later, my mother passed away. We didn’t like the coincidence or the ill health which we naturally started associating with the house. On advice from close friends, we hired a Feng Shui expert and he told us to close the well behind the house and construct a large pond in the front. We filled it in with small fishes, Koi which as per his advice, help to balance the energies.” She elaborates, “There are numerous other things that he suggested and we followed it. It did help! I am not a great believer of all of this but we soon resumed normal healthy living and I must admit our business improved considerably.” Feng Shui incorporates imagery and colours associated with the basic five elements to harmonise, balance, protect and energise as per requirement.

feng Shui design Having a good Feng Shui design translates as a house built as per Feng Shui principle where there is a constant flow of air, proper ventilation and natural light. Additionally, there are no bathrooms over the garage or the bedroom, the front door is not aligned with the backdoor, and staircase does not face the main door.

Know All

Feng Shui is based on the Taoist philosophies and understanding of nature that the earth is alive with energy or Chi which when utilised or aligned well, brings good fortune. If there isn’t proper alignment,

ill-health and misfortune prevails. Feng Shui comprises of balancing of five specific elements namely, Metal, Water, Fire, Earth and Wood. The interaction amidst the five elements of Feng Shui is termed as the Destructive and Productive cycles in Feng Shui. As per the philosophies, a balance among the five element energies needs to be maintained for positive forbearance and good fortune for the people in the place. Adhering to the principles of Feng Shui or smooth flow of ‘wind’ and ‘water’ brings about beneficial effects of Chi, the universal force within all things. Symbols and colours play a great role in this ancient art. Some of the popular symbols include: Tortoise for Protection, Mandarin Ducks for marriage and love, Koi fish for abundance, Horses for fame and success, Fruits for wealth and prosperity among a host of other symbols.

How does it work?From the perspective of Feng Shui, an initial assessment of the place is done which involves addressing all of the elements, that obstruct the smooth flow of energy or Chi. It is believed that with the correct placement of objects, or rearranging pieces of furniture, can promote balance, compatibility and harmony with smooth flow of Chi. All of this encourages progress and welcomes opportunities.

DemYsTIFYInG FenG shuIOriginated in China nearly 3,000 years ago, Feng Shui is an ancient amalgamation of science and art. Here is a closer look at what it means to you and your lifestyle…

feng Shui pronounced 'fung shway'

literally "Wind Water"

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Page 29: Chennai Realty - August 2011 Issue

Know All

feng Shui themes The basic themes that people require Feng Shui includes: family, career, health, abundance, relationships, knowledge and fame. The colours and décor along with incorporation of the five elements of Feng Shui are used to address the theme.

Facing... Theme What To Favour... What To Avoid...

North Career Dark hues of blue or black, water

Earthy colours, squares

Southwest Relationships Pinks, rose colours Single items, mismatched pairs

East Family Greens, earthy tones Round items, shiny or reflective objects

Southeast Abundance Purples, violet Water symbols

Center Health Yellow hues Sharp edges, squares, columns, spiral staircases

Northwest Travel Grey, metallic hues Reds

West Creativity Shades of grey, white Red, sharp edges, triangles, fire

Northeast Knowledge Shades of blue, water symbols

Sharp angles, reds, fire symbols

South Fame Reds, fire symbols, triangles

Dark hues like black or blue, water, mirrors or reflective surfaces

feng Shui colour basics Each colour represents a theme for the home. Red symbolises energiszing and is used for the dining room while Indigo symbolises relaxation which can be perfect for the children’s room or the Pooja room. Accordingly, different colours have different theme symbolisation.

Color Theme Good For...

Red Energizing The Dining Room To Keep Guests Energized And Excited.

Orange Joy Family Rooms, Playrooms, Use Softer Shades For More Relaxed Fun.

Yellow Happy Dens, Kitchens, Offices, Where Ever Creativity Is Needed.

Green Balance, Renewal Living Rooms, Bedrooms, Halls. Blue Healing, Calming Wherever You Want To Relax Indigo Healing, Relaxing Childrens Rooms, Healing Rooms Purple Richness,

TransformationSpiritual Rooms, Feelings Of Abundance.

Some Feng Shui design principles originated from the idea that your environment reflects your life's circumstances and your life's problems can be affected by correcting design imbalances in your surroundings. Any positive results may come from staying focused on the solutions to your problems. So replace those superstition-laden words like ‘luck’, ‘abundance’, ‘auspicious’ with phrases such as ‘more attractive’, ‘neater’ and ‘cleaner lines’ as you read about Feng Shui.

Children - C

reativityInner C

hild

White

Metal

Helpful

People

Trave

lGrey

Wealth

Lifes

tyle -

Opp

ortun

ity

Purple

CareerLife Path - The Journey

BlackWater

Knowledge

Wisdom - Education

Self - Cultivation

Blue

Family

Com

munity - E

lders

Green

Wood

RedFire

FameReputation Recognition

PinkEarth

Marriage

Relationships Partnerships

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Page 30: Chennai Realty - August 2011 Issue

With alarming levels of pollutants in the air and global warming increasing every year, more

and more people are moving towards environment-friendly homes. In case you are planning to build a new home or just renovating it, enjoy the advantage of being in tune with nature. Not only do your electricity and other infrastructure and utility bills reduce drastically, but organic material do not give off chemicals, promoting better wellness. Take the case of S Bala and Vidya, who took the advice of their architect and used eco-friendly material when remodeling their home. With proper ‘green insulation’ used in the rooms on the first floor, it has lessened their electricity bills to about 20 percent for the whole house. Practicing rain water harvesting methods, they have a pretty garden that uses organic compost that they make in a separate area behind the house.

The Indian Green Building Council (IGBC) has recently brought an accredited system of rating eco - friendly ‘green’ homes

The water conservation methods, with rain water harvesting have helped them utilise the collected water for watering the plants and lawn. Vidya says, “Everyone admires my little garden and is surprised that even during months of water shortage, we are able to enjoy the plants.”There are numerous considerations to be made before making sure your home is in tune with nature. However, this will give you a chance to live better without adding to the increasing global warming. Here are some tips to enjoy a pollution free, eco-friendly living in environment-friendly ‘green’ homes:

orientation of the house To start with, check the orientation of the house by minimising cutting tress, harnessing natural light and better ventilation. It is best to have cross-ventilation as it will help you

conserve energy during the long summer months. For proper lighting, the windows should face east, but consider the other factors of natural and manmade landscape features such as trees, walls and other homes. You would not like any of these to block the natural light.

insulation from heat and dust Sunshades and roof overhangs will cut down the heat absorbed, thereby saving energy and also increasing the lifespan of the building. One another way to ensure that your home remains cool during the summers and warm in the winters is to use organic insulation on walls and ceilings. It also reduces the electricity consumption drastically due to less energy being used for cooling or heating. The best ‘green’ insulation to use is cellulose that is manufactured from plant material, which includes sawdust, hemp, cardboard and corncobs in addition to 85 percent newspaper that has been recycled. With major use of recycled newspaper within the eco-friendly insulation, cellulose insulation has reduced the newspapers that are filling up landfills. This in turn minimises the release of greenhouse gases.

one WITh nAturE

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Trend Turner

Page 31: Chennai Realty - August 2011 Issue

Trend Turner

lighting More the natural, lesser is the energy consumption, helping save electricity. When you are planning the lighting, go in for CFL and LED lights which consume nearly 50 percent less than other bulbs and lights. It is a known fact that CFL lighting emits as much light as a conventional bulb but the energy consumption is far less. LED lights do not take time to light up and cost 80-90 percent less than traditional lighting. These are known to run for over 100,000 hours without breaking down. For lighting outside the front door, in the driveways, and on the walkways in and around the house, solar lights are beneficial.

landscaping Eco-friendly landscaping is important to utilise rain water, conserve water while giving the home a beautiful manicured look. In areas where water is scarce during the summer months, it is a good idea to have a thick layer of top soil as it conserves water. Additionally, with open areas in the house, the greenery should extend into the house, giving a look of a larger space.

air-conditioning Air-conditioners are not eco friendly or at least the traditional technology behind it leading to high carbon emissions. However, the newer Variable Refrigerant Volume (VRV) technology has come with a range of eco-friendly air-conditioners that are crafted from biodegradable material, 30 percent more energy conserving and do not emit high volume of carbon. Additionally, it is best to go with Energy Star Approved products as they are cleared by the Environmental Protection Agency and its efficiency is 10 percent higher than required standards. Additionally, to be energy efficient, proper maintenance is important.

Solar energy When you are going green and harnessing the natural resources to ensure your life becomes equally comfortable without chemicals and wastage, solar energy is

the best way to show you care. With most of India receiving abundant sunlight all through the year, installing solar panels to generate green energy for your home can save you money. From regular lighting to using the solar electricity to warm water, outdoor lighting and even running appliances, solar energy is the hope of tomorrow. Although installation of solar panels system is a one-time cost, you can enjoy the benefits for life.Energy saved is energy generated. With ecologically-friendly homes coming into vogue, the growth prospects of saving and conservation of environment has reached a new high.

Most of the new constructions and builders are imbibing methods of water conservation in their projects. Rain water harvesting is fast catching up as one of the best ways of water conservation. Other factors that can help water conservation include –

Changing taps that leak and checking for hidden leaks. D

Turning off taps if not in use. D

Not throwing away dishwater or water after washing Dclothes. This water can be used to water plants and the trees.

Avoiding unnecessary flushing of toilets and minimise Dbath water.

Avoid washing cars and walkways directly with a hose Dpipe. It is best to use brooms for walkways and a washcloth to clean the car.

Water conservation

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Page 32: Chennai Realty - August 2011 Issue

Embellish your home with artifacts, handicrafts and decorative pieces from the Deco Aro flagship store on Khader Nawaz Khan Road

– Sajini GM

au naTural

While aesthetic furniture and handy gadgets are imperative in a home these days, dressing it

up with appealing artifacts and decorative pieces add an element of uniqueness and personal touch. Be it wallpaper, vases, interesting artifacts showcasing art from across the world or just figurines, each of these objects give a sense of creativity to a space – one that can really highlight the personality of the people living in the house. Keeping this need in mind, Brajesh Gutgutia, Uttam Gutgutia and Rishi Tulsyan put their expertise of 15 years in the industry together to come up with a concept of decoration in combination with aroma to create home decor products.

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www.chennairealty.biz 33Chennai Realty July 2011

Show Space

a different genreMind you, Deco Aro is not just another run-of-the-mill store for home décor products. With their experience in the international market, the owners have curated bespoke experience for each of their customers by sourcing material from different parts of the world and presenting it in combination with many natural products available in India. The brand has been fulfilling demands from not just Indian consumers, but also producing products that have a unique Indian touch and delivering it world-over. Driven by the desire to make sure international quality products are available India, the owners have carved a niche for themselves in the market in a short span of time.

going placesThe success of their first store in Guindy and the popular demand led the trio to launch their second store in the heart of the city – Khader Nawaz Khan. Spacious-enough and well-stocked, this new store attracts the city’s

who’s who, and has raced ahead to become one of the best places in the city to shop for home décor.

options galoreSo, what does Deco Aro house? Pot pourri, wooden vases, pot arrangements, decorative frames, aromatic candles, twigs and bamboos, aromatic diffusers, diffuser lamps and many more sum up the products available at the store. Priced between an extremely affordable ` 399 and going up to ` 8,000, the USP of this store is the amazing range of natural products that make you feel close to nature. Besides this, the ambience of the store, which looks decorated in its own right, and simplicity will have you coming back for more!The specialty of this store is the beautiful aromatic candles, variety of dry flower arrangements and many other decorative pieces that can all be found under one roof. The aroma diffusers, candles, bamboos and

gift packages deserve a mention as well. International quality matched with products that have an Indian touch makes the whole experience of shopping at this store extra special. In a short time frame, Deco Aro on Khader Nawaz khan Road has received a lot of appreciation from customers, who feel that it is one-of-a-kind. The tranquil ambience with the effect of nature’s best has urged the brand to move their flagship store to this location from Guindy – a move that makes their presence even stronger in the growing market of interior embellishments.

Siddu’s Complex, 2nd floor, 18, Sardar Patel road, guindy, Chennai 600032. Contact: 044-22300440, 044-64550440

9, khader nawaz khan road, nungambakkam, Chennai 600006. Contact: 044-28332544/45E-mail: [email protected]

Page 34: Chennai Realty - August 2011 Issue

Smart Money

PaY The PrIceHere’s a summary of everything you need to know about rental yield

The annual rental income, expressed as a percentage of the property purchase price, is called rental yield. This is also

the amount that you as a landlord get in return on your investment before you pay any tax, maintenance charges or other associated costs. You can use rental yield data to understand how attractive a particular property is. Properties with higher rental yields are more attractive investment opportunities and are more reasonably priced. Though rental rates depend more on the location and infrastructure facilities around the property, a low rental yield may indicate that the property is overvalued.

How is it calculated?Rental yield is the total yearly rent divided by the house price and is expressed as a percentage. The formula is: monthly rent x 12/house price x 100. Here the house price is the existing capital market value of the property.

What’s its significance?For any real estate market, calculation of rental yield helps in observing the movement

of rental rates in the region. It also helps draw a correlation between capital value and rental income from a property. For instance, a recent survey conducted by ICICI Securities Ltd in India found that rental yield across high-

priced properties is witnessing a decrease. It added that low-priced properties have been witnessing an increase in rental yield. This suggested that low-priced properties, which are often small in size, are more in demand.

Problems in the indian marketAnalysts believe that the concept of rental yield is not applicable completely to the Indian context since the capital appreciation of properties in India is much higher than rental appreciation. The rental appreciation cannot keep pace with the pace of appreciation in capital values due to the speculative environment in certain markets. Also, unlike organised markets such as the US and the UK, the Indian real estate market does not have tabulated data on rental income and property value for each city and region. Though the recent National Housing Bank has taken initiative in keeping a track of rental rates across key cities in India, the task of calculating a national average is difficult. Moreover, the real estate market in India is diverse and different in each state. For instance, Delhi-NCR market is more speculative and investor-driven, while Chennai is more end-user driven.

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Page 35: Chennai Realty - August 2011 Issue

Smart Money

Becoming old without proper financial support can be a very trying experience. The rising cost of living,

healthcare, other amenities compound the problem significantly. No regular incomes, a dwindling capacity to work and earn livelihood can make life miserable.Reverse Mortgage scheme could be the answer to these senior citizens. Most people in this age group, either by inheritance or by virtue of building assets, have properties in names, but are unable to convert it into instant and regular income stream due to its illiquid nature. The Union Budget 2007-2008 had a great proposal which introduced the Reverse Mortgage scheme. Reverse mortgages give them a chance to convert their one big asset — their home — into a regular income stream, without sacrificing

PensIon From ProPerTY

A constant inflow of income, much like a pension, without any work would be an ideal solution, which can put an end to all suffering as you grow old.

But how is it possible?

its ownership. However, till now, only about 7,000 reverse mortgages have been sold, though over 20 banks offer the product. The good thing is that the person who ‘reverse mortgages' his property can stay in the house for his life and continue to receive the much needed regular payments. So, effectively the property now pays for the owner. So, effectively that you continue to stay in the same place and also get paid for it! Where is the catch? The way reverse mortgage works is that the bank will have the right to sell off the property after the incumbent passes away or leaves the residence to recover the loan. It passes on any extra amount to the legal heirs. There are other reasons too. The loan tenure, maximum of 20 years, is a drawback. After

20 years, the borrower will either have to repay or let the bank take possession (to be sold after the person’s death). The borrowers are concerned about low valuations by the banks. The bank, on the other hand, is taking a risk because the property price can fall below the loan amount. The result: Bankers are not too keen to promote or sell the product, and the potential customer does not give enough thought to reverse mortgage as a financing option.Things might change going forward. The main reason for this is that the earlier reverse mortgage product ran for 20 years, after which the income stream stopped. A new product launched in early 2010 born out of a bank-insurance company tie-up, combines annuity with reverse mortgage, which means the income stream will continue throughout the lifetime of a customer. The amount the customers get is also more by 50-75 percent, because insurance companies with actuarial skills understand the risk and price the products better.The new product is not without a catch either. It’s not clear how this product will be treated by the tax authorities. While reverse mortgages are exempt from tax, annuities are not. In the long run, demand for reverse mortgages is likely to go up. There are broader social changes — growth of nuclear families, elderly people living alone, children settling abroad or in bigger cities — that will drive the growth of the product. “The market opportunity is growing. Senior citizens living alone or with only spouse are expected to grow to 25 percent by 2015 from 15 percent now. We estimate the target market of 6 million households by 2015 for the RML offering,” says Nawal of National Housing Bank.

Reverse Mortgage

Senior citizen lives in his/her own house, needs better cash flow.

Pleges rights to the property to the bank in return for regular income.

Bank values house; Icon amount is usually 90% of the house value for tradi-tional reverse mortgage (RM) loans, and 60% in case of annuity RM.

Monthly income stream starts.Income can be split between an initial lump sum and monthly stream.

After 20 years, the income stops but the customer can occupy house till death in case of an-nuity, the customer receives payments till death.

The heirs have the option to pay back the loan amount and retrieve the house, or let the bank take over the property.

MonEy tHrougHtHE roof

1

2

3

4

5

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Page 36: Chennai Realty - August 2011 Issue

saFe anD sounDHome safety is not just about installing the latest security gadgets

but about keeping everyone safe at home

If you are staying with your elderly parents, their security is of prime importance too. Although most people look after

and care for the elderly or relatives staying with them, those who stay alone, have high security risk. Even innocuous items such as rugs, marble flooring, standard toilet seats and aesthetically artistic lighting can prove dangerous for the elderly. Are you surprised?S Vandana relates, “We had just done up our new home and my mother-in-law came to stay with us for a few weeks. She was very pleased with the house, as it was done up artistically by the interior designer. However, in the wee hours of the morning, as she got up to go to the bathroom, she tripped on the rug in her room, slipping on the marble flooring and her head hit the doorway. We felt so bad and she had to stay for a fortnight in the hospital due to multiple injuries.” Thus, taking preventive measures ensures that whether geriatric live alone or with their

family, they remain safe at all times. Most of them love their independence while others do not want restrictions put on them. To take a median path, ensuring safety or modifying the house as per their convenience is the best option. Here are some points to consider when you are trying to remodel or add additional features to your home –

kitchen safetyWith age, there are a host of illnesses that an older person starts to attract. They are also prone to accidents, especially in the kitchen and bathroom. In the kitchen, the foremost thing to consider is anti-skid flooring, proper lighting and a kitchen counter that is at a comfortable height. Easy access to containers, which are made of plastic or steel and not glass is also crucial. Smoke alarm installations and emergency light back-up is essential in the kitchen to prevent any mishaps.

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Page 37: Chennai Realty - August 2011 Issue

Bathroom safetyBathrooms should be equipped with sturdy support handrails along the walls so that they can hold on to it, whenever needed. Again, anti-skid flooring in the bathroom and water-absorbent mats outside is important. Avoid marble or smooth-tiled floor. Design a separate wet area so that the whole bathroom is not damp all the time. Install water heat gauges; the chances of burns are high because elderly people have low sensitivity with progressing age. Provide seating in the bathing area and install railings near the toilet seat to assist them in sitting down and getting up. In addition, a raised toilet seat can be of advantage.

general safety and security measuresApart from the kitchen and bathroom, there are numerous other instances where accidents can happen. Removing rugs

and carpet within the living room and other rooms accessed by the elderly can ensure they do not slip or trip. Proper, bright lighting in all rooms is essential. If the budget permits, an automated lighting system that is activated by sensors or movement can help light up the home without fumbling in the dark to switch on the lights. For additional safety, video door phones and burglar alarms can be installed; replacing door knobs with levers can help them open doors easily. If the house is a duplex or has more than one floor, straight staircase with wide steps can minimise the chances of accidents; spiral stairs are a strict no-no. If they have limited mobility or are handicapped and use a wheelchair, it maybe of advantage to install ramps as and where needed. In most cities, water shortage is prevalent and people use water sumps. For ease of use, having self-filling water sumps and overhead tanks can make life hassle-free. Having inverters and emergency back-up lighting back up is extremely important so that even during power outage, they are safe.

Before you start making the required changes within the home, consider these key features –

Does the bed have railings so that Dthe person does not fall of the bed, yet get in and out easily?

Do the upper floor windows have Dadequate grills and other safety measures to ensure that no one can fall down?

Is the flooring in the house slippery Dor made of marble?

Is the lighting adequate? Are there Dnightlights positioned such that the path and the room have minimum light required to find the way out?

Are the bathrooms equipped for Dhandicapped or elderly persons use?

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Health Quote

Page 38: Chennai Realty - August 2011 Issue

Keep lamps and fixtures clean to provide �more light.Avoid the use of decorative and �concealed lighting.Use accurately-sized wiring to reduce �energy loss and fire hazards.Use CFL or LED lights as they consume �less electricity, give more light and have a long life.

Decrease partition height wherever �possible to provide light in both parts from one source. Use coolers and air-conditioners carefully. �Fit external lights with a motion sensor. �

fans Replace conventional regulators with �electronic regulators for ceiling fans. Install exhaust fan above the height of a �ceiling fan.Grease electric fans regularly to avoid �unnecessary fraction.

Lowering energy-bills is on every home-owner’s mind. But to do this, you must be aware of the energy consumption of your house

save enerGY

If you know about the consumption of electricity by various appliances used in home, you can save

electricity in a better way. Saving electricity not only adds to your savings, but also helps thousands in their demand for energy. Here’s how you can contribute to saving electricity in your home –

Quality family timeSpend maximum time with family in one �room by changing living habits to save electricity.

lightingSwitch off lights and electrical appliances �when not in use.Use sunlight as much as possible. Avoid �the use of artificial lighting during day.Paint walls and ceilings in light colours. �Provide adequate ventilation to enhance �natural light and air.

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Page 39: Chennai Realty - August 2011 Issue

Tech Talk

S.No. Appliances Wattage Operating Hours/Day

Units Cost / Month (`)

1 Incandescent bulbs 40 10 12 31.20 - 42.002 Incandescent bulbs 60 10 18 46.80 - 63.003 Fluorescent tube light 40 10 12 31.20 - 42.004 Night lamp 15 10 4.5 11.70 - 15.755 Mosquito repellent 5 10 1.5 3.90 - 5.256 Fans 60 10 18 46.80 - 63.007 Air coolers 175 10 52 135.20 - 182.008 Air-conditioners 1500 10 450 1170.00 - 1575.00

9 Refrigerator 225 15 101 262.60 - 353.5010 Mixer 450 1 13.5 35.10 - 47.2511 Toaster 800 0.5 12 31.20 - 42.0012 Hot plate 1500 0.5 22.5 58.50 - 78.7513 Oven 1000 1 30 78.00 - 105.0014 Electric kettle 1500 1 45 117.00 - 157.5015 Electric iron 1500 1 45 117.00 - 157.5116 Water heater - instant 1-2 litre 3000 1 90 234.00 - 315.0017 Water heater - instant 10 to 20

litre capacity 2000 1 60 156.00 - 210.00

18 Immersion rod 1000 1 30 78.00 - 105.0019 Vacuum cleaner 700 0.5 11 28.60 - 38.5020 Washing machine 300 1 9 23.40 - 31.5021 Water pump 750 1 22.5 58.50 - 78.7522 TV 100 10 30 78.00 - 105.0023 Audio system 50 2 3 7.80 - 10.50

total 1092.50 2840.50 – 3823.75

Electric iron Use automatic electric iron. �Set regulator according to the nature of �clothes. Do not sprinkle more water on clothes or �iron wet clothes.

Electronic DevicesSwitch off the TV and audio system when �they are not in use; idle operation also losses energy.

ComputerSave energy by switching off the monitor �when not in use.Set computer monitor and copier to �use sleep mode when not in use to help cut energy cost by approximately 40 percent.Draw power plug from sockets when not �in use.

Washing MachineAlways wash only with full load. �Use optimal quantity of water. �

Make use of the timer to save energy. �Use detergent in required quantity. �Use hot water for cleaning dirty clothes. �Avoid electric drier; use natural drying for �clothes.

air ConditionerChoose air-conditioners that come �with an automatic temperature cut off. Setting the temperature at 26 degrees centigrade will cut your AC electricity consumption by 40 percent.Keep regulator at low cool position. �Operate ceiling fan for spreading cold air �effectively throughout the room.Seal door and windows properly. �Maintain proper air circulation between �the wall and air-conditioner.Apply thermal insulation with roof to �reduce the load on the air-conditioner. Use window panes with sun films or cover �them with curtains. Do not place lamps or TV sets near the �air-conditioner.Keep outdoor unit of air-conditioner in a �shaded area. Clean the air-conditioner filters at least �once a month. Buy equipments of proper size to meet �your family's needs - an oversized air-conditioner unit will waste energy.

Electric Motors Lubricate motors and motor drives �regularly to reduce friction. Keep motors clean to aide in their �cooling. Place motors as close to the �load as possible. Pulley drives should be avoided if possible and use direct coupling.Use motors according to your �requirement as oversized motors waste energy.Motors should be of �high efficiency.Tighten the belt and �pulley regularly to reduce the loss of energy due to slip. Replace worn out �bearing immediately and ensure timely repairs.

refrigeratorsKeep refrigerator doors closed when not �in use and make doors air-tight. Regularly defrost refrigerator manually, as �frost consumes more energy. Allow for air circulation around the �refrigerator by leaving space between the refrigerator and walls. Do not keep refrigerator too cold. �Cover liquids and other food items as �uncovered food releases moisture which makes compressors work harder.Do not put hot or warm food items into �the refrigerator.

Mixer/grinder Avoid dry grinding as it takes more time �than liquid grinding.

Electric StoveSwitch off electric stove a few minutes �before specified time for cooking. Use flat bottom pans that consume less �energy.Use solar energy as far as possible. �

Page 40: Chennai Realty - August 2011 Issue

Policy Police

Land or property registration refers to the registration of documents pertaining to change in ownership and

transactions involving immovable property by an appropriate government authority. Whenever you buy a piece of land/immovable property, you need to register the same with the concerned authority, so that a legal ownership title is guaranteed to you. This greatly reduces risk of fraud and helps solve disputes easily, in addition to creating and maintaining an up-to-date public record.

the ProcessUnder the Tamil Nadu’s STAR (Simplified & Transparent Administration of Registration) Computerised Land and Property Registration System, registration is easy. It facilitates transparency in valuation and eliminates middlemen. Parties to the transaction – advocates and licensed document writers – are the people who are eligible to draft the deeds. The process involves the deed for registration to be presented to the registration officer at the sub-registrar’s office within whose jurisdiction the property is located. The officer checks the documents and annexes, and sets a date for both parties to sign the instrument of transfer before the sub-registrar. The sub-registrar also makes sure that the stamp duty paid is consistent with the value of the property, and receives payment of the registration and execution fees.

reGIsTraTIon realITIes

More often than not, land or property registration is often misunderstood as too complicated and bureaucratic. Here’s a quick guide to demystify the process…

An executed document should be registered within four months from the date of execution. The sub-registrar may condone delay up to four months with a penalty. Though the registered documents can be returned on the same day, it normally takes anywhere between a week to ten days for the registered documents to be collected. When registration of a document is refused, one can file an appeal before the District Registrar concerned within one month.

Normally the sub-registrars may insist on presentation of revenue records such as Adangal, Chitta, FMB etc, though it’s not mandatory for the process of registration. The documents are submitted to the reader of the Sub-registrar of Assurance for scrutiny. After scrutiny, the reader indicates the registration fee required, on the document itself. The registration fee is to be deposited with the cashier against a receipt. The value of a given property, determined by the area or zone in which it is located, can be verified from a valuation schedule. If the sub-registrar feels that the property has been undervalued, a strategy used to minimise the amount of stamp duty to be paid; he may decide to inspect the site, which can take from 3 to 5 days. This is not often the case. However after payment of the registration fees, the document is copied into the registry; copies of the document are pasted onto 2 indexes titled ‘Name and Property’ and ‘Accounts and Reports’. The document is delivered upon presentation of the receipt previously issued by the cashier.

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Page 41: Chennai Realty - August 2011 Issue

Policy Police

govt. of tamil nadu stamp duty and registration charges

S. No. Categories of Document Stamp Duty Regn Fee

1 Sale - From Builder

8 percent on the guide line value of UDS of the property

1 percent of the property.

- 2nd Home Sale 8 percent on the market value of the property

2 Gift 8 percent on the market value of the property

3 Exchange 8 percent on the market value of the greater value.

4 Simple Mortgage 4 percent (on the loan amount) subject to a maximum of ` 20,000

1 percent on loan amount subject to a maximum of ` 5,000

5 Mortgage with possession 4 percent on loan amount 1 percent subject to the maximum of ` 2,00,000

6 Agreement to Sale ` 20 1 percent on the money advanced

7 Cancellation ` 50 ` 508 Partition 1 percent on the market value

of the property but not exceeding ` 10,000 for each share

1 percent subject to a maximum of ` 2,000 for each share.

9 General Power of Attorney - In favour of family

members` 1,000

- In favour of non-family members

` 10,000

10 Settlement - In favour of family

members1 percent On the market value

of the property but not exceeding ` 10,000

1 percent on the market value of the property subject to a maximum of ` 2,000

- Other Cases 8 percent on the market value of the property

1 percent on the Market Value

11 Partnership deed - In favour of family

members` 50

1 percent on the Capital invested

- Other Cases ` 30012 Deposit of Title Deed 0.5 percent on loan amount

subject to a maximum of ` 25,000

1 percent on loan amount subject to a maximum of ` 5,000

13 Release 1 percent on the market value of the property but not exceeding ` 10,000

1 percent on the market value of the property subject to a maximum of ` 2000

14 Lease - Lease below 30 years 1 percent on the total

amount1 percent subject to a

maximum of ` 20,000 - Lease up to 99 years 4 percent rent including

premium - Lease above 99 years 8 percent rent including

premium15 Declaration of Trust ` 180 1 percent on the amount

The seller and buyer are required to bring two witnesses, along with the following documents –

Document required to be registered D(in duplicate)

Two passport-sized photographs of Dthe authorised signatories of both parties

Photo identification of each party Dand witnesses, such as a voters’ identity card, passport, or identity card issued by the government of India, semi-government and autonomous bodies, or identification by a Gazette Officer

If the party to the transaction is a Dcompany, then certified true copy of the resolution of the Board of Directors’ along with certified true copies of Certificate of Incorporation of the company

PAN card of parties to the Dtransaction must be submitted for registration of documents involving a property exceeding a value of ` 5,00,000. In case PAN number is available then a declaration in Form 60 Statement

Patta Transfer application with court Dfee stamp of ` 5

Registration fees D

Sub-Division fees D

NOC is required from local bodies Dconcerned if the document relates to first conveyance of house site in an unapproved layout

Mutation process After execution and registration of the document, the transferee can approach the appropriate authority like Chennai Corporation, Water and Sewage Board and Electricity Board to change the name in records by presenting an application along with the copy of registered documents.

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Checklist

Page 42: Chennai Realty - August 2011 Issue

What is a plot? A plot, also called site, is a small piece of land with certain dimensions.

What is a layout? A layout is division of a large piece of land into a number of plots. As per statutory requirements, a minimum of 10 percent of the total area of the layout should be reserved for OSR (Open Space Reservation).

is just Panchayat approval not enough?No. Approval without LPA (Local Planning Authority) or DTCP (Department of Town and Country Planning) permission is not valid. This is true for both town and village Panchayat.

How do i know if proper approval is given?The approved plan of the layout or site is affixed with seal of LPA or DTCP along with a reference number, date and signature by hand. In addition, local body also affixes its seal along with a reference number, date and signature by hand. If both these are present, the approval is certified. Make an effort to check these reference numbers with the respective authorities.

Get Help

Plan Your PloTInvesting in Plots? Here’s what you should know – S Kanagasundaram,

President of Association of Licensed Building Surveyors, Coimbatore

is a separate building approval needed on already approved site?Yes. Separate building approval is needed. Pre-requisite to this is plot approval.I have purchased a site in a layout from a builder and got him to build my house on it. He has given building approval plan only by the Panchayat. Is this sufficient? There is no OSR (Open Space Reservation) in the layout. No. The layout should have been approved by LPA or DTCP first. It is incorrect for the Panchayat to issue building licenses without plot/layout approval. Had it gone for approval by LPA, OSR would have been provided. The house, as it stands now, is an unauthorised construction.

What is the requirement for approval of a housing plot? First, it should gain access from a public road. Minimum plot size should be 52 ft by 20 ft.

in a layout, what is the status of roads? In approved layouts, all roads are public-owned. Promoters are required to surrender

road and OSR to local body by way of a gift deed, before a license is issued to them.

for what can i use a layout site? Usage of site is decided by approved ‘land use’ given to the entire layout. It can be residential, commercial, mixed, industrial or other as given in the approved layout plan. However, a layout with house sites cannot be used for industrial purpose.

What details should be checked for buying a site in a layout?

Look for LPA or DTCP approval number a. and seal, and Local Body Licence number and seal. Do not accept just a ‘Panchayat Approval’ or ‘near DTP approval’. Also, a final approval by a local body is a must.Check if usage of site is for residential or b. other purpose that you are interested in.Check if area of OSR, marked as Play c. Area, Garden, Park or other, is at least 10 percent of total layout area.Read all conditions attached in the d. approvals.Get to know the status and purpose of e. land marked ‘Owners Site’. Confirm that no development charge f. or other fees need to be paid while you apply for a building license. Approach your local body office for verification.Get an Encumbrance Certificate and g. establish the owner of your site. If it is not the layout promoter mentioned in the approval papers, ensure your sale deed is made by the current bonafide owner. The sale deed should have an attachment of a copy of approved layout plan clearly indicating dimensions of your site.Understand liability of the seller in case h. of any irregularities with the property and sale. You may consider including a compensation clause.Get a legal opinion, before making any i. commitment.

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Page 43: Chennai Realty - August 2011 Issue
Page 44: Chennai Realty - August 2011 Issue

Good Show

The demand for high-end luxury homes has been strong in recent months in Chennai. Of late, a slew of high-end

projects have been launched by several developers, mainly within city limits and along the ECR and OMR. The first edition of Luxury Homes 2011 turned out to be a successful show as more than 23 leading developers from Chennai showcased their various projects in the price range of ` 75 lakh to ` 10 crore. Organised by Chennai’s leading event management company, Eyeball Media, the event had a footfall of over 2,800 HNIs visiting the 2-day event organised at Chennai Trade Centre on July 10 and 11, 2011. The show was inaugurated by Chittibabu, MD, Akshaya Homes and Vijay Kapur, MD, Derby Fashion Clothing. Speaking on the occasion, Chittibabu, warmly congratulated the Eyeball team for putting up such a stellar show for the first time in Chennai, exclusively for luxury properties. The show witnessed a steady flow of potential buyers who, in comparison to other shows, spent a lot of time at the stalls understanding the projects and narrowing their choices at the venue itself. Speaking to Chennai Realty, Satendra Singh, CEO, Nokia Siemens said, “I found the show very interesting and extremely useful as I was able to sit and discuss my requirements with developers which was never the case in my experience of attending property shows in Chennai.” While Akshaya Homes, TVH, Landmark Constructions, Marg ProperTies, Jain Housing and several others lead the Chennai pack, developers like Puravankara, Unitech,

class aParTThe recently concluded Luxury Homes 2011 sets a new benchmark for property shows in Chennai

– Rohini Kumar

www.chennairealty.biz44 Chennai Realty August 2011

Page 45: Chennai Realty - August 2011 Issue

Show Report

IVRCL, HIRCO and Mahindra Lifespaces lead the national pack. Other participants included Padmavathy, Prince Foundation, Amarprakash, BBCL, Bollineni Hillside, Kgeyes, Manju Foundations, Navin Housing, Real Value and NAPC Properties. Notable among the super luxury projects were the Bay Influence and The Village. Chennai Realty was the partner magazine for the event and for the first time introduced the concept of show directory with information on all participants and projects to be distributed for all registered visitors to the expo. Commenting on the show directory, Achuthan, visiting the exhibition from Kerala, said, “I found the show directory quite useful as I was able to shortlist properties of my choice and head directly to those stalls rather than spending time browsing through all stalls. It saved a lot of my time and energy.” The show was a trendsetter in many ways as new concepts like valet parking, personal attention to visitors, welcome drink and entertaining music made it a lively event – both for the exhibitors and the visitors. Commenting on the quality of walk-ins, Sreedharan, Navin Housing said he was very satisfied with the quality of walk-ins which resulted in serious enquiries and potential sales. Several exhibitors managed to generate robust enquiries and a good number of bookings over the two-day event. Speaking to Chennai Realty, Prashanth Bashyam, Head – Sales & Marketing, Eyeball Media said, “The show only attracted a quality crowd of serious buyers as we had set a high entry fee of ` 100. It actually resulted in better enquiries and bookings for the participating developers. As per our initial follow ups with developers, the show has generated business worth over ` 90 crore.” Eyeball Media is planning to conduct two overseas property expos in the coming months, one in Dubai and another in Singapore. According to Sakthivel, MD, Eyeball Media, “We plan to conduct two ‘South India Property Fairs’ in Dubai and Singapore as it will result in a more focused attendance from visitors and better conversion for participating exhibitors.” Overall, Luxury Homes 2011 was a grand success and we hope the trend continues for the positive growth of real estate sector in Chennai.

www.chennairealty.biz 45Chennai Realty August 2011

Page 46: Chennai Realty - August 2011 Issue

46 Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

Chennai - NorthTop 100 Projects

Golden KinG’s Court

Location - Anna Nagar Type of Units - 3 BHKNo. of Units - 1Area - 2,804 - 3,157 sqftCompletion - september 2011Price Range - ` 2 - 3 croreAmenities - CP, sP & CPA Builder - Golden Homes Pvt LtdContact - 044-2621 3388

JAins surABHi

Location - Kilpauk Type of Units - 3 BHK+study No Of Units - 26 Area - 2,152-2,214 Completion - January 2013 Price Range - ` 2.75 crore onwardsAmenities - sP & Gym Builder - Jain Housing & Construction LtdContact - +91 88707 01850

Golden opulAnCe

Location - Poonamalee Road Type of Units - 2 and 3 BHKNo. of Units - 815Area - 711 - 2,061 sqftCompletion - June 2013Price Range - ` 21 lakh onwardsAmenities - sP, CH, CPA, CCTV & MPHBuilder - Golden Homes Pvt LtdContact - 044-2621 3388

AisHWArYA

Location - Redhills, Madhavaram RoadType of Units - 2 and 3 BHK No. of Units - 28Area - 885 - 1,315 sqft Completion - Ready to occupyPrice Range - ` 25 - 38 lakh Amenities - Covered Car Parking & Power back-upBuilder - Rajmeena BuildersContact - 044-26280880

Green peACe AJAntHA

Location - Anna Nagar Type of Units - 3 BHKNo. of Units - 80Area - 1,550 sqftCompletion - November - 2012Price Range - ` 1 crore onwardsAmenities - CPA, MPH, sP, GYM & Power back up Builder - Green peace ConstructionsContact - 044-2371 8166

KGs VrudHi Location - KilpaukType of Units - 3 BHKNo. of Units - 27Area - 2,040, 2,160, 3,360 sqft Completion - March 2012Price Range - ` 2 - 4 crore Amenities - 24-hr power back-up & KPA Builder - KGs Developers LtdContact - +91 93612 55110

Grn HiGH GAte

Location - Korattur Type of Units - 3 BHKNo. of Units - 16Area - 1,055 - 1,140 sqftCompletion - December 2012Price Range - ` 64 - 66 lakhsAmenities - Power back up & Rain Water Harvesting Builder - G R Natarajan & CoContact - +91 99401 03800

BHAGYAlAKsHMi ApArtMents

Location - Ambattur Type of Units - 1 and 2 BHKNo. of Units - 10Area - 428-979 sqftCompletion - Ready to occupyPrice Range - ` 12 - 25 lakhAmenities - Car Parking & Power back up Builder - Ganga Foundations Pvt LtdContact - 044-2834 5775

Location - Korattur Type of Units - 3 BHKNo. of Units - 40Area - 1,070 - 1,550 sqftCompletion - November - 2012Price Range - ` 55 - 75 lakhAmenities - Power back up Builder - Green peace ConstructionsContact - 044-2371 8166

Green peACe MillenniuM CentrAl

Location - PurasawalkamType of Units - 3 and 4 BHKNo. of Units - 435Area - 2,250 - 6,000 + duplex and pent houseCompletion - Ready to occupyPrice Range - ` 2.25 crore Amenities - CH, KPA, sP & BankBuilder - True Value HomesContact - +91 98843 40003

luMBini sQuAre

Page 47: Chennai Realty - August 2011 Issue

47Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

Top 100 ProjectsChennai - North

rC lAurels

Location - Madavaram Type of Units - 2 and 3 BHKNo. of Units - 48Area - 855 - 1,215 sqftCompletion - Under constructionPrice Range - ` 31 - 45 lakh Amenities - Gym, MPH & Association Room Builder - Rajarathnam Construction (P) Ltd Contact - 044-2674 8888

nortH toWn

Location - Perambur Type of Units - 1, 2 and 3 BHKNo. of Units - 1200Area - 990 - 1,396 sqftCompletion - December 2013Price Range - ` 54 - 76 lakh Amenities - sP, Gym & MPHBuilder - Arihant Foundations & Housing LtdContact - 044-4224 4444

orCHid sprinGss

Location - Near Padi Metro Rail stationType of Units - 1, 2, 2.5 and 3 BHKNo. of Units - 2,123Area - 692 - 2,244 sqftCompletion - December 2012Price Range - ` 30 lakh - 1 croreAmenities - 5 star CH, Gym, sP, sF, Health Club & Coffee shopBuilder - Alliance GroupContact - 044-3045 1200

tHe ArCHWAY

Location - Ormes Road- Kilpauk Type of Units - 3 BHKNo. of Units - 16Area - 2,224 - 2,324 sqftCompletion - December 2011 Price Range - ` 2.85 crore Amenities - 24-hr power back-upBuilder - Jain Housing & Construction Ltd Contact - +91 88707 01850

pusHKAr’s BrindAVAn nest

Location - Korattur Type of Units - 2 BHKNo. of Units - 6Area - 784 - 1,155Completion - December 2012Price Range - ` 28 lakhAmenities - Power back up Builder - Pushkar Properties Pvt Ltd Contact - 044 42172500

Location - TondiarpetType of Units - 2 and 3 BHKNo. of Units - 600Area - 975 - 1,450 sqft Completion - Phase I - Completed Phase II - March 2013Price Range - ` 28 to 42 lakh Amenities - CH, sP, KPA & Covered Car ParkBuilder - eMAAR MGFContact - 044-6462 4444

sAntHA toWers

Location - Parithipattu, AvadiType of Units - 2, 2+ study 3 BHKNo. of Units - 480Area - 808 - 1,114 sqftCompletion - December 2012Price Range - ` 14 - 69 lakh Amenities - CH, sP & KPA Builder - santha Build Tech India Pvt Ltd Contact - +91 99622 28090

tHe MetroZone Location - Anna NagarType of Units - 2, 3, 4 and 5 BHK Pent houseNo. of Units - 1,600Area - 1,555 - 4,818 sqftCompletion - November 2013Price Range - ` 1 - 3 croreAmenities - sP, KPA, Gym, sF & Joggers TrackBuilder - OZONe GroupContact - 044-4225 3700

VGn plAtinA Location - Ambattur Type of Units - 1, 2, 3 BHK and VillasNo. of Units - 670 + 60 VillasArea - 596 - 1,250 sqftCompletion - July 2012Price Range - ` 15 to 32 lakhAmenities - CH, sP, KPA, GAR & sFBuilder - VGN DevelopersContact - +91 96000 10044

rAJus sAppHire

Location - KolathurType of Units - 2 and 3 BHKNo. of Units - 28Area - 925 - 1,079 sqftCompletion - Ready to occupyPrice Range - ` 31 - 45 lakh Amenities - Gym & KPA, Builder - Rajus Flat Promoters Pvt. LtdContact - 044-4264 5830

tHe AVenues-esplAnAde

Page 48: Chennai Realty - August 2011 Issue

48 www.chennairealty.bizChennai Realty August 2011

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

AtlAntis

Location - Nelson Manickam RoadType of Units - 1 , 2, 3 & 4BHKNo. of Units - 42Area - 726 to 2,023 sq.FtCompletion - June 2012Price Range - ` 1.3 - 5 croreAmenities - Gym, sP, GAR & IntercomBuilder - RWDContact - +91 98409 06668

AKs rAdiAnCe

Location - PerumbakkamType of Units - 1 and 2 BHKNo. of Units - 40Area - 630 - 1,114 sqftCompletion - August 2012Price Range - ` 23 - 34 lakh Amenities - KPA & sTPBuilder - Aks Housing Development Co Pvt LtdContact - +91 99406 51295

Location - sholinganallurType of Units - 1, 2, 3, 4 and 5 BHKNo. of Units - 4500Area - 650 - 3,000 sqftCompletion - October 2011Price Range - ` 14 - 88 lakhAmenities - Gym & LibraryBuilder - BsCPL INFRAContact - +91 90940 44492

Bollineni Hillside

Location - sholinganallur Type of Units - 2 and 3 BHKNo. of Units - 3,000Area - 1,170-1,938 sqftCompletion - Phase I - June 2011 Phase II - sep 2012Price Range - ` 60 - 75 lakhAmenities - ATM, Health Care, salon & shopping CentreBuilder - DLFContact - +91 98840 60955

dlF - GArden CitY

Adroit- tHe oriGin

Location - Adyar Type of Units - 2 and 3 BHKNo. of Units - 24Area - 1,308 - 2,062 sqftCompletion - June 2012Price Range - ` 1.70 - 2.5 croreAmenities - sP, CH, MPH & GYM Builder - Adroit Urban DevelopersContact - 044-2447 1539

deCCAn KAlApAtAru

Location - sholinganallurType of Units - 2, 2.5 and 3 BHKNo. of Units - 88Area - 939 - 1,494 sqftCompletion - April 2012Price Range - ` 37 - 69 lakhAmenities - Gym, MPH, sF & Yoga Hall Builder - Deccan estates LtdContact - +91 96772 09090

AtriuM

Location - Perungudi Type of Units - 2, 2.5, 3, 3.5 BHKNo. of Units - 80Area - 976 - 1028 sqftCompletion - December 2012Price Range - ` 45 lakh onwardsAmenities - CH & Covered Car Parking-Builder - Urban Tree Infrastructure Pvt LtdContact - 044-4000 0321

AnMol ABHinAndHAn

Location - VelacheryType of Units - 2.5 and 3 BHKNo. of Units - 154Area - 1,200 -1,550 sqftCompletion - June 2012Price Range - ` 70 - 90 lakhAmenities - KPA, COH & Terrace Jogging Track Builder - CHeNNAI ICC Contact - 044-2441 4272

Location - Perungudi (OMR) Type of Units - 2 BHKNo. of Units - 60Area - 930 - 950 sqftCompletion - June 2012Price Range - ` 45 - 52 lakhAmenities - KPA, sF, Gym & Party HallBuilder - Doshi Housing Contact - 044-4353 9150

dosHi oriAnALocation - Perungudi Type of Units - studio,1,2&3 BHKNo. of Units - 214Area - 415-1,570 sqftCompletion - Ready to OccupyPrice Range - ` 13-75 lakhAmenities - Gym, sP & COHBuilder - Doshi HousingContact - 044 4353 9150

dosHi etopiA-ii

Chennai - CentralTop 100 Projects

Page 49: Chennai Realty - August 2011 Issue

49Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

lotus MAnor

Location - ThiruvanmiyurType of Units - 3 BHKNo. of Units - 60Area - 1,585 - 1,695 sqftCompletion - June 2013Price Range - ` 1.67 - 1.78 croreAmenities - CH, KPA & GymBuilder - Acchuthan Builders & CoContact - +91 98843 96414

MAndArinA

Location - KotturpuramType of Units - 2, 3 & 4 BHKNo. of Units - 64Area - 1,093 - 2,774 sqftCompletion - June 13Price Range - ` 1 - 3 croreAmenities - Gym, sP & Terrace Party Area Builder - Appasamy Real estatesContact - +91 99620 19149

JAins peBBle BrooK

Location - ThoraipakkamType of Units - 1, 2 and 3 BHKNo. of Units - 620Area - 531 - 1,556 sqftCompletion - January 2013Price Range - ` 25 - 75 lakhAmenities - sP, GYM, CPA & HCBuilder - Jain Housing & Construction LtdContact - +91 88707 01850

KGeYes eternitY

Location - Kalakshetra Colony, Besant NagarType of Units - 2 and 3 BHKNo. of Units - 86Area - 1,170 -1,755 sqftCompletion - June 2012Price Range - ` 1.65 - 3 croreAmenities - sP, KPA, Gym & Reading Room Builder - KGeYes DevelopersContact - 044 -2431 3939

36 CArAt Location - Close to Dasaprakash, PH Road Type of Units - 3 and 4 BHKNo. of Units - 36Area - 2,800 sqftCompletion - August 2012Price Range - ` 4 croreAmenities - CH, 24-hr security & Party Hall Builder - Akshaya HomesContact - +91 96772 98811

lAnd MArVel- st. MArY’s roAd

lAnd MArVel- MAndAVeli street

Location - Mandaveli Type of Units - 2 BHKNo. of Units - 12Area - 1,020 - 1,045 sqftCompletion - Ready to occupyPrice Range - ` 1.2 - 1.9 croreAmenities - Car Parking Builder - Land MarvelContact - 044-2446 0600

lAKsHMi HoMes

Location - Adyar Type of Units - 2 BHKNo. of Units - 12Area - 1,400 sqftCompletion - Ready to occupyPrice Range - ` 1.7 crore onwardsAmenities - Car Parking Builder - sri Lakshmi HomesContact - 044-2445 3322

KAMArAJAr nAGAr - tHiruVAnMiYur

Location - Thiruvanmiyur Type of Units - 3 BHKNo. of Units - 12Area - 1,073 -1,892 sqftCompletion - October 2012Price Range - ` 1 - 1.7 croreAmenities - Power back up & Rain Water Harvesting Builder - G R Natarajan & CoContact - +91 99401 03800

tVH sVAsti Location - ThoraipakkamType of Units - 2 and 3 BHKNo. of Units - 136Area - 1,100 -1,600 sqftCompletion - Phase I - Dec 2011 Phase II - Dec 2012Price Range - ` 54 lakh onwards Amenities - sP, KPA, COH & CHBuilder - True Value HomesContact - +91 98841 77770

Top 100 ProjectsChennai - Central

Location - st. Mary’s Road Type of Units - 2 and 3 BHKNo. of Units - 16Area - 950 - 1,500 sqftCompletion - Ready to occupyPrice Range - ` 1.2 - 1.9 croreAmenities - Car Parking Builder - Land MarvelContact - 044-2446 0600

Page 50: Chennai Realty - August 2011 Issue

50 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

Chennai Realty August 2011

AriHAnt HeirlooM

HirCo pAlACe GArdens

Location - Thriveni Nagar Type of Units - 3 and 4 BHK No. of Units - 1,800Area - 863 - 2,800 sqft Completion - December 2013Price Range - ` 31 lakh to 1 croreAmenities - Res & CHBuilder - HiranandaniContact - 044-6711 3111

AnAnd & VenKAtesH

Location - Tambaram east Type of Units - VillasNo. of Units - 78Area - 1,500 sqftCompletion - April 2012Price Range - ` 70 lakhAmenities - Car Parking & 24x7 security Builder - Anand & VenkateshContact - 044-2432 7677

JAins Alpine MeAdoWs

Location - Thiruneermalai, PallavaramType of Units - 2 and 3 BHKNo. of Units - 936Area - 927 - 1,508 sqftCompletion - January 2012Price Range - ` 34 - 58 lakhAmenities - sP, KPA & Power back-up Builder - Jain Housing & Construction LtdContact - +91 88707 01850

JAMAls luXor

Location - KattupakkamType of Units - 2 and 3 BHKNo. of Units - 130Area - 950 - 1,375 sqft Completion - March 2013Price Range - ` 25 lakh onwardsAmenities - Gym, KPA, sF, & RO PlantBuilder - Jamals enterprises Contact - +91 98407 87792

JAYArAM GArdens Location - Manapakkam Type of Units - 1, 2 and 3 BHKNo. of Units - 213Area - 561 - 1,489 sqftCompletion - June 2012Price Range - ` 32 - 87 lakhAmenities - CCP, GYM, CPA, ATM & MPH Builder - Navins HousingContact - 044-4218 1919

JeY Yes CelestYn Location - Perumbakkam Type of Units - 2 and 3 BHKNo. of Units - 50Area - 836 - 1,289 sqftCompletion - August 2012Price Range - ` 28 - 43 lakhAmenities - CPA, sTP, MPH, GYM & CH Builder - Jey Yes Homes P LtdContact - 044-426 64763

AMBer

Location - West Jones Road, saidapet Type of Units - 2 and 3 BHKNo. of Units - 130Area - 1,010-1,961 sqftCompletion - December 2011Price Range - ` 65 lakh to 1 croreAmenities - Gym & KPA Builder - Indus Cityscapes Construction Pvt LtdContact - +91 99620 00222

isHA YArA

Location - MedavakkamType of Units - 2 and 3 BHKNo. of Units - 464Area - 801-1,450 sqftCompletion - Ready to occupyPrice Range - ` 25 lakh onwardsAmenities - KPA, MUH, Commercial Hall & GymBuilder - Isha HomesContact - 044-2440 4757

dABC-orCHid

Location - Polacherry Type of Units - 2 and 3 BHKNo. of Units - 248Area - 1,400 sqftCompletion - March 2013Price Range - ` 37 lakhAmenities - CH,GAR,sF,sM & Gym Builder - DABCContact - 044-4238 2271

Chennai - SouthTop 100 Projects

Location - Off-IT Corridor, ThazhamburType of Units - 2 and 3 BHKNo. of Units - 256Area - 1,047-1,600 sqftCompletion - Ready to occupyPrice Range - ` 55 lakhAmenities - CH, sP, Ds & GymBuilder - Arihant Foundations & Housing LtdContact - 044-4224 4444

Page 51: Chennai Realty - August 2011 Issue

51Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

priMe rose-KGs

Location - PallikaranaiType of Units - 1, 2, 2+study and 3BHKNo. of Units - 140Area - 688 - 1,400 sqftCompletion - December 2012Price Range - ` 28 - 58 lakhAmenities - CH, sP & KPABuilder - KGs Developers LtdContact - +91 93612 55110

lAKesHore

Location - Kilkattalai Type of Units - 2 and 3 BHKNo. of Units - 66Area - 1,209 - 1,721 sqftCompletion - December 2011Price Range - ` 57 - 82 lakhAmenities - CPA, sTP, MPH, GYM & CH Builder - Bhaggyam ConstructionsContact - +91 87544 44403

sidHArtH dAKsHin

Location - GsT Road- Urapakkam Type of Units - 2, 2.5 and 3 BHKNo. of Units - 200Area - 801 - 1,000 sqftCompletion - December 2012Price Range - ` 24 - 30 lakhAmenities - CPA, sTP, sP, MPH, GYM & CH Builder - sidharth Foundations & Housing LtdContact - +91 87544 81852

roYAl CAstle

Location - Chromepet Type of Units - 1,2,3 BHK & PenthouseNo. of Units - 1239Area - 363-2100 sqftCompletion - september 2013Price Range - ` 8.5 - 50 lakhAmenities - sM, sCH & MPH Builder - AmarprakashContact - 044-4000 5000

p dot G eXpress

Location - Pallavaram - Kunrathur RoadType of Units - 1.5, 2 and 3 BHKNo. of Units - 264Area - 503 - 1,658 sqftCompletion - December 2012 Price Range - ` 14 - 40 lakhAmenities - KPA, Ds & GymBuilder - P dot G Constructions Pvt. LtdContact - +91 95001 23395

MAntri nAVArAtnA

Location - ChrompetType of Units - 1, 1.5, 2, and 3 BHKNo. of Units - 272Area - 510 - 1,180 sqftCompletion - May 2013Price Range - ` 25 lakh onwardsAmenities - KPA, GAR, Gym & Joggers TrackBuilder - Mantri Developers LtdContact - 044-2747 4103

pArK CitY

Location - Padappai Type of Units - 2 and 3 BHKNo. of Units - 65Area - 1,000 - 1,655 sqftCompletion - Ready to occupyPrice Range - ` 30 - 48 lakhAmenities - sP, GYM, CPA, CH & CP Builder - engineers estatesContact - +91 97909 73661

sprinGField Location - Medavakkam Type of Units - 1, 2 and 3 BHK No. of Units - 280Area - 560 - 1,353 sqftCompletion - February 2013Price Range - ` 18 - 45 lakhAmenities - CPA, sTP & GymBuilder - Navins Housing & Properties Pvt LtdContact - +91 98408 28811

KeH nArinYAs

Location - Pallavaram Type of Units - 1, 2, and 3 BHKNo. of Units - 192Area - 496 - 1,203 sqftCompletion - June 2013Price Range - ` 18 - 55 lakhAmenities - CPA, sTP, sP, MPH & CH Builder - Ke Housing Private LimitedContact - +91 91769 87705

Location - VelacheryType of Units - 3 & 4 BHKNo. of Units - 39Area - 1,850 - 2,067 sqftCompletion - August 2011Price Range - ` 22 - 56 lakhAmenities - sP, GYM, CPA, CH & CPBuilder - srijan Realty Ltd Contact - +91 98300 96135

tHe GrAnd residenCY

Top 100 ProjectsChennai - South

Page 52: Chennai Realty - August 2011 Issue

52 Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

priMeX - VerterrA Location - Mugalivakkam-Porur Type of Units - 1, 2 and 3 BHKNo. of Units - 324Area - 575 - 1,233 sqftCompletion - December 2012Price Range - ` 27 - 55 lakhAmenities - sP, GYM, MPH & CPA Builder - Primex Infrastructure Pvt LtdContact - +91 89399 11100

AnAndAM’s plAtinuM

Location - Iyyappanthangal Type of Units - 1, 2 and 3 BHK / duplex, twin & independent housesNo. of Units - 30Area - 523 - 1,575 sqftCompletion - september 2011Price Range - ` 20 lakh onwards Amenities - GAR & Commercial HallBuilder - Anandam FoundationsContact - +91 98408 34403

JAins WestMinster

Location - Arunachalam Road, saligramam Type of Units - 1, 2 and 3 BHKNo. of Units - 620Area - 564 -1,961 sqftCompletion - January 2014Price Range - ` 38 lakh - 1.6 croreAmenities - 24-hr Power backup & ParkBuilder - Jain Housing & Construction LtdContact - +91 88707 01850

KG siGnAture CitY

Location - MogappairType of Units - 2 and 3 BHK No. of Units - 1,500Area - 925 - 1,400 sqft Completion - A and B Block - 2013 C and D Block - 2012Price Range - ` 49 - 61 lakh Amenities - CH, sF, KPA, sP & GARBuilder - KG FoundationsContact - 044-2499 2042

nAtWest eupHoriA

Location - Maduravoyal Type of Units - 2 and 3 BHKNo. of Units - 24Area - 1,105 - 1,560 sqftCompletion - December 2011Price Range - ` 53 - 73 lakhAmenities - Indoor/Outdoor Play, KPA & Video Intercom, Builder - Natwest ConstructionsContact - 044-2434 0716

JAMAls GrAndeur

Location - VelappanchavadiType of Units - 2 and 3 BHKNo. of Units - 96Area - 940 - 1,415 sqftCompletion - December 2011Price Range - ` 26 lakh Amenities - KPA, Open Air Theatre & GymBuilder - Jamals enterprisesContact - +91 98407 87792

opulenCe Ville

Location - PorurType of Units - 3 BHK villas No. of Units - 100Area - 1,340 sqft Completion - Ready to OccupyPrice Range - ` 54 lakh Amenities - Covered Car Parking Builder - Rajeswari Foundations Contact - +91 98409 12528

prAnAV’s srutHi Location - MogappairType of Units - 2 and 3 BHKNo. of Units - 48Area - 870 - 1,400 sqftCompletion - November 2011Price Range - ` 36 - 59 lakh Amenities - Gym & KPABuilder - Pranav Foundations Pvt LtdContact - +91 98412 75752

lAVender pArK

Location - Porur Type of Units - 2 BHKNo. of Units - 28Area - 960 sqftCompletion - December 2012Price Range - ` 44 lakhAmenities - CPA & MPHBuilder - Green Peace ConstructionsContact - 044-2371 8166

pAnACHe

Location - PH Road, ArumbakkamType of Units - 2 and 3 BHKNo. of Units - 70Area - 1,184 - 1,826 sqft Completion - December 2012Price Range - ` 1 - 1.5 croreAmenities - Power backup & KPABuilder - Arihant Foundations & Housing LtdContact - 044-4224 4444

Chennai - WestTop 100 Projects

Page 53: Chennai Realty - August 2011 Issue

53Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

Location - KilpaukType of Units - 2, 2.5 and 3 BHKNo. of Units - 20Area - 1,215 - 1,555 sqft Completion - December 2011 Price Range - ` 1.25 - 1.55 croreAmenities - Gym & Terrace Party AreaBuilder - sreerosh PropertiesContact - 044-4208 0520

sreerosH silVerstone VGn KronA

VinotH VisHAKHA

Location - Porur Type of Units - 2 and 3 BHKNo. of Units - 30Area - 825 - 1,145 sqftCompletion - December 2011Price Range - ` 42-56 lakhAmenities - Car ParkingBuilder - Vinoth BuilderContact - +91 98409 03355

VinotH VenturA

Location - Mugalivakkam-Porur Type of Units - 3 BHK Bungalow ApartmentNo. of Units - 20Area - 1,795 - 1,893 sqftCompletion - December 2012Price Range - ` 60 - 73 lakhAmenities - sP, GYM, CPA, CH & CP Builder - Xs RealContact - 044-2235 0998

Xs reAl -lA-Celeste

rC roYAl GrAnde

Location - Thirumullaivoyal Type of Units - 2 and 3 BHKNo. of Units - 176Area - 870 - 1,145 sqftCompletion - January 2012Price Range - ` 30 - 35 lakh Amenities - Gym & LibraryBuilder - Rajarathnam Construction (P) LtdContact - 044-2674 8888

VGn iMperiA

Location - VelappanchavadiType of Units - 1, 2 and 3 BHKNo. of Units - 600Area - 596 - 1,400 sqft Completion - December 2013Price Range - ` 25 - 56 lakh Amenities - CH,sP,KPA,Gym & MPH Builder - VGN Homes Contact - +91 90030 41063

ViJAYA

Location - MogappairType of Units - 1 and 2 BHKNo. of Units - 32Area - 1,370-1,385 sqftCompletion - Ready to occupyPrice Range - ` 68 lakh onwardsAmenities - Covered Car ParkingBuilder - Praveen HousingContact - 044 2431 0099

Top 100 ProjectsChennai - West

Location - PorurType of Units - 1, 2 and 3 BHKNo. of Units - 414Area - 603 - 1,638sqftCompletion - July 2013Price Range - ` 22 - 56 lakhAmenities - CH, sP, Gym, MPH & CPABuilder - VGN Developers Contact - +91 96000 10044

VinotH ViruKsHA

Location - Mogapair Type of Units - 2 and 3 BHKNo. of Units - 97Area - 1,205 - 1,365 sqftCompletion - Ready to OccupyPrice Range - ` 59-66 lakhAmenities - Car ParkingBuilder - Vinoth BuilderContact - +91 98409 03355

Location - Mogapair West Type of Units - 2 and 3 BHKNo. of Units - 35Area - 850-1220 sqftCompletion - December 2011Price Range - ` 41-60 lakhAmenities - Covered Car ParkingBuilder - Vinoth BuilderContact - +91 98409 03355

Xs reAl -VilA BAli Location - Porur Type of Units - VilamentsNo. of Units - 18Area - 2,000 sqftCompletion - December 2011Price Range - ` 1.2 - 3 croreAmenities - sP, GYM, CPA, CH & CPBuilder - Xs RealContact - 044-2235 0998

Page 54: Chennai Realty - August 2011 Issue

54 Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

ourAnYA BAY

Location - Padur, OMR Type of Units - 2 and 3 BHKNo. of Units - 842Area - 1,210 , 1,710 & 2,084 sqftCompletion - Phase I - 2011 Phase II - 2012 Phase III - 2013Price Range - ` 50 lakh onwardsAmenities - CH, sP, Gym & sCHBuilder - True Value HomesContact - +91 91769 23000

AMAnYA

Location - Nellikuppam-Thiruporur, Guduvanchery Road Type of Units - 1, 2 and 3 BHKNo. of Units - 1,008Area - 606-1,139 sqftCompletion - Phase I December 2012, Phase II December 2013Price Range - ` 12 - 22 lakhAmenities - CH & sPBuilder - Asvini FoundationsContact - +91 98416 33669

CHennAi pAttinAM

Location - Thiruporur - Off OMR Type of Units - 2 and 3 BHKNo. of Units - 2,608Area - 1,075 - 2,250 sqftCompletion - July 2012Price Range - ` 25 - 55 lakhAmenities - sM, sP, CH & sCH (DAV)Builder - Ceedeeyes Infrastructure Development Pvt.LtdContact - 044-2441 3368

HirAnAndAni upsCAle

Location - Opp sipcot IT Park, egattur Village, Type of Units - 2, 3, 4 BHKNo. of Units - 6,000Area - 1,295 - 3,487Completion - Ready to OccupyPrice Range - ` 61 lakh onwardsAmenities - All Amenities are availableBuilder - HiranandaniContact - +91 99402 45555

iris Court

Location - Maraimalai Nagar Type of Units - 2 and 3 BHK No. of Units - 746Area - 986 - 1,467 sqftCompletion - June 2013Price Range - ` 30 - 40 lakhAmenities - sF, KPA & CHBuilder - Mahindra LifespacesContact - 044-2819 0800

purVA WinderMere Location - Pallikaranai Type of Units - 2, 3 and 4 BHKNo. of Units - 756Area - 1,243 - 2,790 sqftCompletion - March 2014Price Range - ` 40 - 90 lakhAmenities - Gym, MH, sP & ResBuilder - Puravankara Projects LimitedContact - +91 95000 62651

opAline

Location - Navallur, OMR Type of Units - 1, 2, 3 and 4 BHKNo. of Units - 1,200 (approx)Area - 564 - 3,600 sqftCompletion - August 2011Price Range - ` 22 to 69 lakhAmenities - Club OpalBuilder - Olympia Infratech Pvt LtdContact - +91 90940 20993

estAnCiA

Location - Guduvanchery Type of Units - 3 BHKNo. of Units - 391Area - 1,510 - 1,860 sqftCompletion - Phase I Ready to occupy Phase II 2012Price Range - ` 82 lakh to 1 croreAmenities - Club House with 101 amenities, 4 star Hotel & COHBuilder - L&T Arun excello Realty Pvt LtdContact - +91 95660 99558

JAins inseli pArK

Location - Padur, OMR Type of Units - 2 and 3 BHKNo. of Units - 936Area - 1,176 -1,755 sqftCompletion - December 2011Price Range - ` 37 - 58 lakhAmenities - CH, Gym, sP, KPA & GARBuilder - Jain Housing & Construction LtdContact - +91 88707 01850

Chennai - OuterTop 100 Projects

reAl VAlue neel KAMAl Location - siruseri, OMR Type of Units - 1, 2 and 3 BHKNo. of Units - 559Area - 510 - 1,055 sqftCompletion - Under ConstructionPrice Range - ` 15 - 31 lakhAmenities - GYM, Ds, MPH & Joggers TrackBuilder - Real Value Promoters Pvt LtdContact - 044-6634 3536

Page 55: Chennai Realty - August 2011 Issue

55Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

tHe rosedAle

Location - Padur, OMR Type of Units - 2 and 3 BHKNo. of Units - Phase I - 372Area - 800 - 1,600 sqftCompletion - December 2011Price Range - ` 26 - 52 lakhAmenities - CH, sP, Gym, KPA, COH & Rose GardenBuilder - eTA Property Developers Pvt LtdContact - 044-3911 3900

tHe BelVedere

Location - Urapakkam Type of Units - 2 and 3 BHKNo. of Units - 260Area - 1,102 sqftCompletion - september 2011Price Range - ` 35 lakhAmenities - sP, Gym & KPABuilder - Akshaya HomesContact - +91 96772 98811

Location - Padur, OMR Type of Units - 3 BHKNo. of Units - 140Area - 1,571-1,934 sqftCompletion - December 2012Price Range - ` 60-73 lakhAmenities - sP,GYM,CPA,CH & CPBuilder - Xs Real Contact - 044-2235 0998

Xs reAl -sienA Hellos CitY

teMple Green

Location - Oragadam Type of Units - 1, 2 and 3 BHK No. of Units - 658Area - 575 - 1,280 sqftCompletion - December 2012 Price Range - ` 32 lakhAmenities - GAR, Gym, KPA, ATM, Ds & sPBuilder - Arun excelloContact - 044-2233 2288

sprinG MeAdoWs

Location - Thalambur - Off OMR Type of Units - 2 and 3 BHKNo. of Units - 192Area - 824 -1,105 sqftCompletion - April 2012Price Range - ` 25 - 36 lakhAmenities - CP, sP & CH Builder - Jain Housing Construction LtdContact - +91 88707 01850

Xl Woods Location - sriperumpudur Type of Units - 1, 2 and 3 BHKNo. of Units - 176Area - 600 - 1300 sqftCompletion - December 2012Price Range - ` 15-31 lakhAmenities - sP, GYM, CPA, CH & CPBuilder - XL estatesContact - +91 96001 11885

sunnY side

Location - siruseri,Inside IT Park Type of Units - 2 & 3 BHKNo. of Units - 630Area - 988 - 1,309 sqftCompletion - March 2013Price Range - ` 35 - 45 lakhAmenities - sP, CH & KPABuilder - KGs DevelopersContact - +91 93612 55110

sWArnABHooMi

Location - eCR Type of Units - 2, 3, 4 BHK and Pent HouseNo. of Units - 1,200Area - 638 - 3,040 sqftCompletion - Ready to occupyPrice Range - ` 11 to 68 lakhAmenities - ATM, sP, GYM, Ds, COH, KPA & sF Builder - Marg PropertiesContact - +91 95000 76844

sABAri’s serenitY

Location - siruseri, OMR Type of Units - 1, 2 and 3 BHKNo. of Units - 864Area - 580 - 1,027 sqftCompletion - Phase I December 2011, Phase II December 2012Price Range - ` 11 - 26 lakhAmenities - sP, Gym, MPH & KPABuilder - sabari Realtors Pvt LtdContact - 044-2461 7775

uniteCH - uniWorld CitY

Location - (Vandalur – Kelambakkam Road) Type of Units - Unihomes I / Unihomes IINo. of Units - 1,024 / 560Area - 700 & 715 / 997, 999 and 1,011 sqftCompletion - May 2012Price Range - ` 17 - 25 lakhAmenities - Gym, sCH, ATM & Medical FacilityBuilder - UnitechContact - +91 95000 59595

Top 100 ProjectsChennai - Outer

Page 56: Chennai Realty - August 2011 Issue

56 Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

Residential Plots

BlossoM AVenue

Developer - Mahindra world CityLocation - Mahindra world CityArea sqft - 1710 - 3615 sqftRate - ` 1,699/sqftAmenities - Int.school & Food CourtContact - +91 98403 36545Website - www.mahindraworldcity.com

Developer - Mahidhara Projects Location - PoonamalleeArea - 800-3000 Rate - ` 699/sqft Amenities - CH,sP,Market Yard & MPHContact - 044-4551 2222 Website - www.mahidharaprojects.com

MAHidHArA

Developer - Anand & Venkatesh Location - Tambaram east Area - 1068-2687 Rate - ` 1650/sqft Amenities - Gated Community & Avenue treesContact - 044-2432 7677 Website - www.anand-venkatesh.com

AnAnd & VenKAtesH

Developer - MCB DevelopersLocation - sriperumbudurArea sqft - 1000 - 3000 Rate - ` 325/sqftAmenities - CPA,Park, 24/7 sec & Avenue TreesContact - +91 96770 79999Website - www.mcbdevelopers.com

MCB Greenest

Developer - UnitechLocation - NallambakkamArea sqft - 1800 - 4724 Rate - ` 30.5 lakhAmenities - Club House, sP & CPAContact - +91 95000 59595Website - www.unitechgroup.com

BirCH Court

sreeJA deVelopers Developer - sreeja Developers Location - sunguvarchatram Area - 1500-3500 Rate - ` 345/sqft Amenities - Gated Community & Avenue TreesContact - 044-4255 5538Website - www.sreejadevelopers.com

Auro spACe

Developer - Aashirwad elite RealtorsLocation - MedavakkamArea sqft - 1199-3378Rate - ` 850/sqftAmenities - Gated community & KPAContact - 044-4553 5666Website - www.aashirwadeliterealtor.com

nAHAr FoundAtions

Developer - Nahar Foundations Location - eCR Area - 2000-6000 Rate - ` 1050/sqft Amenities - Block Top Road & 24/7 security Contact - +91 87544 83145 Website - www.nahars.com

roYAl residenCY

Developer - Manju FoundationLocation - eCRArea sqft - 2100 - 6992 sqftRate - ` 2,699/sqftAmenities - Gated Community, CH,sP & GymContact - 044-4290 6607Website - www.manjufoundation.com

Developer - Wisdom PropertiesLocation - OragadamArea sqft - 217 -2380 Rate - ` 425-1,200/sqftAmenities - Gated CommunityContact - +91 99629 28725Website - www.wisdomproperties.com

sri sAtHYA sAi nAGAr

Page 57: Chennai Realty - August 2011 Issue

57Chennai Realty August 2011 www.chennairealty.biz

CH - Club House Gym - Gymnasium Res - Restaurant Bs - Beauty salon sCH - school

sP - swimming pool KPA - Kids Play Area HOT - Hotel sM - super Market ATM - Automatic Teller Machine

sF - sports Facility GAR - Garden COH - Community Hall Ds - Departmental store MPH - Multipurpose Hall

Commercial Projects

Project - Lalah TowersPlate Area sqft - 40,000 x 12 (Floors) Common Amenities - DG back-up, Car Parking, Liftstatus - March 2012Builder - Ramaniyam Real estate Ltd Contact - +91 98412 71871

nelson MAniCKAM roAd

Project - TVH Agnitio Park Plate Area sqft - 40,000 - 80,000 x 8 (floors)Common Amenities - 1,040 Car Parking, Health Club, ATM & Landscaped Roof Garden with dining areastatus - Ready to occupyBuilder - True Value Homes Contact - +91 91769 42000

KAndAnCHAVAdi, oMr

Project - HQPlateAreasqft - 20,337x5(floors) Common Amenities - 3 elevators, DG back-up & Protected Car securitystatus - Ready to occupyBuilder - Akshaya Homes Contact - +91 9840858811

KAZipAttur, oMr KoYAMBedu

Project - Ten square shopping MallPlate Area sqft - 25000 X 4 (Floors)Amenities - Food Court, Gaming Zones & Parking status - December 2011Builder - Ten square RealtyContact - 044-4359 6662

nelson MAniCKAM roAd

Project - Navin’s PresidiumPlate Area sqft - 4,000 - 5,000 x 11 (floors)Amenities - Automated high-speed liftsstatus - Ready to occupyBuilder - Navin Housing & Properties (P) Ltd Contact - 044-4320 7777

Project - Prestige PalladiumPlate Area sqft - 30,000 X 14 ( Floors) Common Amenities - Power back-up, G+12 & Air Conditioners status - July 2011Builder - Prestige estates Projects Ltd Contact - 044-28154088

GreAMs roAd

Project - Olympia Tecnology ParkPlate Area sqft - 150, 000 sqft Common Amenities - car parking, 100 percent power back-up & securitystatus - Ready to occupyBuilder - Khivraj Tech Park Pvt. Ltd Contact - 044-43563773

GuindY

teYnAMpet

KArApAKKAM, oMr

Project - Melaram TowersPlateAreasqft - 186,478x8(floors) Common Amenities - Power back-up status - July 2011Builder - Vishranthi Homes Pvt. Ltd Contact - 044-24314515

Project - Doshi Raj TowersPlateAreasqft - 6,910x3(floors) Common Amenities - Generator, Car parking, Power back-up, securitystatus - Ready To occupyBuilder - Doshi Housing LtdContact - 044-4353 9160

perunGudi, oMrProject - Matrix TowerPlateAreasqft - 23,800x6(floors) Common Amenities - 100% Power back-up & 1,000 sqft Individual Car Parkingstatus - Ready to occupyBuilder - ssPDL Contact - +91 99400 42608

Page 58: Chennai Realty - August 2011 Issue

Cityscape

LocationsCapital Value 2 BHK

(cost / sqft) in `Rental Value 2 BHK of

1,000 sqft (cost / month) in `Capital Value 1 Ground of 2,400

sqft (in lakh `)BUDGET PREMIUM BUDGET PREMIUM AVERAGE

CENTRAL

AbiramapuramAdyarAlwarpetBesant NagarEgmoreGopalapuramKotturpuramBoat ClubMylaporeMandaveliNeelankaraiNandambakkamPerungudiR A PuramRoyapettahSanthomeSholinganallurThiruvanmiyurThuraipakkamTriplicane

8,0008,0008,0009,0007,0008,0007,000NA

8,0007,0006,0004,5003,8009,8007,0007,0003,5009,0003,5007,000

14,00017,00018,00015,00010,00016,00018,00026,00016,00014,00015,0006,5004,50016,00014,00012,0004,00014,0004,50013,800

15,00016,00016,00015,00010,00014,00014,00030,00010,0008,00012,0009,0008,00016,00014,0009,0008,00012,0007,0008,000

24,00026,00030,00021,00015,00024,00026,00050,00018,00014,00020,00018,00012,00028,00020,00021,00016,00027,00014,00016,000

250 - 350250 - 350300 - 400250 - 350250 - 275300 - 400400 - 500800 - 850300 - 375250 - 300150 - 20080 - 12070 - 120500 - 600250 - 300200 - 25065 - 75

225 - 30070 - 90

200 - 250

NoRTH

AmbatturAminjikaraiAnna NagarAnna Nagar West ExtnAvadiChetpetAyanavaramKilpaukKolathurMadhavaramMogappair EastMogappair WestNolamburPurasawalkamPoonamalleePeramburShenoy NagarVeperyVillivakkam

4,0008,0009,0007,5002,8508,0006,5008,0004,0003,8004,5004,2503,5009,0002,8004,5009,0007,0006,000

4,50010,00014,00010,0003,50011,0007,50014,0004,5004,2006,0005,5004,00012,0003,6005,00012,00010,0007,000

8,0007,00016,00012,0005,5007,0006,50016,0007,0006,5008,0007,0006,50012,0006,0008,00012,0006,5006,000

13,00016,00026,00018,0008,00014,00016,00025,00010,0008,00016,00015,0008,00024,0008,00012,00018,00016,00015,000

80 - 100200 - 250250 - 350120 - 15065 - 70

225 - 300150 - 200250 - 30070 - 8065 - 7090 - 12080 - 10065 - 70

250 - 30060 - 7080 - 90

220 - 300150 - 18090 - 110

SouTH

AlandurAdambakkamAshok NagarChromepetEkkaduthangalGuindyMedavakkamMadipakkamMugalivakkamManapakkamNanganallurNandanamSaidapetSelaiyurTambaram EastTambaram WestTeynampetT NagarVelacheriKottivakkam

5,5005,0007,5003,8007,0008,0003,5003,5003,0003,6004,0009,0007,0003,1003,5003,2009,0008,0005,0006,000

7,0006,50012,5004,70010,00012,0004,5004,3003,8004,5005,00014,0008,5004,2004,5004,50015,00012,0006,5007,500

8,0006,5009,0007,5007,0008,0007,0007,0006,0009,0008,00015,0008,0005,5007,5007,00015,0009,0007,5008,000

14,0009,00018,00016,00020,00020,00015,00012,0009,00018,00012,00025,00017,0009,00015,00014,00030,00023,00016,00020,000

85 - 9590 - 110150 - 20080 - 100150 - 180225 - 25060 - 7060 - 7055 - 60

120 - 150100 - 120250 - 300160 - 20080 - 9080 - 11080 - 100275 - 400250 - 350180 - 220150 - 200

Residential Rate Watch

58 Chennai Realty August 2011 www.chennairealty.biz

Page 59: Chennai Realty - August 2011 Issue

Cityscape

LocationsCapital Value 2 BHK

(cost / sqft) in `Rental Value 2 BHK of

1,000 sqft (cost / month) in `Capital Value 1 Ground of 2,400

sqft (in lakh `)BUDGET PREMIUM BUDGET PREMIUM AVERAGE

WEST

Alwarthiru NagarArumbakkamChoolaimeduIyyappanthangalK K NagarKodambakkamKoyambeduMaduravoyalNungambakkamPorurRamapuramSaligramamVadapalaniValasarawalkamVirugambakkam

4,0007,0007,0003,5006,5007,0007,0004,50010,0003,7004,2006,0008,0005,5005,000

5,0008,0009,0004,0008,00010,0008,5005,40015,0004,2005,0007,00012,0006,5006,000

8,0008,0008,0009,0008,0007,0008,0006,50016,0005,0006,0009,0009,0007,5007,500

16,00017,00017,00018,00017,00019,00020,00014,00030,0008,00010,00018,00020,00016,00017,000

110 - 130180 - 225180 - 225200 - 250180 - 230200 - 250130 - 15070 - 80

300 - 35055 - 6070 - 85

110 - 150200 - 270150 - 170120 - 130

ouTER

PuzhalPammalTiruvallurSiruseriPadurKelambakkamSriperumbudurVandalurSingaperumal KoilOragadam

1,8002,7002,1003,0002,7002,5002,2002,5002,0002,200

2,5003,3002,7004,0003,2003,0002,5003,6002,5003,000

4,0005,0005,0008,0007,0006,5005,0005,0004,5004,000

7,0008,0007,50016,00015,00014,0007,5008,5006,5007,000

10 to 1210 to 1412 to 1845 to 5035 to 4030 to 3512 to 1820 to 2515 to 2010 to 14

Residential Rate Watch

Home Loan ReckonerBANK

Loan Amount Below Rs.25 Lacs Loan Amount Above Rs.25 Lacs

No. of Years No. of Years

5 10 15 20 5 10 15 20

State Bank of India 10.50 10.50 10.50 10.50 10.75 10.75 10.75 10.75Allahabad Bank 10.50 11.00 11.50 11.75 11.25 11.75 12.00 12.50Bank of India 10.50 10.50 10.75 10.75 10.75 11.00 11.25 11.50Andhra Bank 10.75 10.75 11.75 11.75 12.50 12.50 12.50 12.50Union Bank of India 10.50 10.75 10.75 11.00 11.25 11.50 11.50 11.75Indian Overseas Bank 10.25 10.50 10.75 10.75 10.50 10.75 10.75 11.00Vijaya Bank 10.50 10.75 11.00 11.25 11.25 11.75 12.00 12.50Central Bank of India 10.50 10.50 10.50 10.50 11.50 11.75 12.50 12.50Axis Bank 10.75 10.75 10.75 10.75 11.00 11.00 11.00 11.00Canara Bank 10.75 10.75 11.00 11.25 11.25 11.50 11.50 12.00Corporation Bank 10.50 10.75 11.00 11.00 10.75 11.00 11.25 11.25Bank of Baroda 10.75 11.00 11.00 11.25 11.50 11.75 11.75 12.00Indian Bank 10.50 10.75 11.00 11.25 10.75 11.00 11.25 11.50Oriental Bank of Commerce 10.50 10.75 11.00 11.00 11.00 11.25 11.75 11.75Punjab National Bank 10.50 10.75 11.00 11.00 11.25 11.50 11.75 11.75ICICI 10.25 10.25 10.25 10.25 10.50 10.50 10.50 10.50HDFC 10.25 10.25 10.25 10.25 10.50 10.50 10.50 10.50IDBI 10.25 10.25 10.25 10.25 11.00 11.00 11.00 11.00HSBC 10.75 10.75 10.75 10.75 11.75 11.75 11.75 11.75South India Bank 13.65 13.80 13.80 13.80 14.15 14.40 14.40 14.40LIC HFL 10.15 10.15 10.15 10.15 10.40 10.40 10.40 10.40Sundaram Home Loans 10.45 10.45 10.45 10.45 10.70 10.70 10.70 10.70

59Chennai Realty August 2011 www.chennairealty.biz

Page 60: Chennai Realty - August 2011 Issue

www.chennairealty.biz60 Chennai Realty July 2011

Commercial Rate Watch

Construction Material Price Index *CommodiTY uNiT mEASuRE AVERAGE RATE iN JuLY 2011

CEMENT Per 50 Kg Bag ` 295STEEL Non Isi 6mm / Ton ` 40,000STEEL Tmt 8mm Dia / Ton ` 41,900STEEL 10-25 Mm Dia / Ton ` 40,700STEEL Rms / Ton ` 45,000

STEEL Stirrups / Ton ` 46,000STEEL Vsp/Sail 10mm Dia / Ton ` 45,250

BRICKS 1 No. ` 3.50RIVER SAND Cubic Feet ` 45

FLY ASH Per Ton (Ennore) ` 120BLUE METAL 20mm / Cubic Feet ` 26 to ` 28BLUE METAL 40mm / Cubic Feet ` 24QUARRY DUST 0 – 2 Mm / Cubic Feet ` 20BITUMEN Grade 80/100 ` 36,170BITUMEN Grade 60/70 ` 37,300MASON Per Day ` 450 to ` 550MEN Per Day ` 300 to ` 350WOMEN Per Day ` 200 to ` 250PAINTER/PLUMBER Per Day ` 400 to ` 450CARPENTER Per Day ` 400 to ` 500

Sub MarketS average rent in June

2011(` / sqft per month)

average rent in JuLY 2011

(` / sqft per month)

CBD (Anna Salai, Nungambakkam, RK Salai, T Nagar, Egmore, Alwarpet)

Grade A 70 - 100 70 - 120

Grade B 55 - 70 60 - 80

Off CBD (Guindy, Kiplauk, Taramani, Adyar, Anna Nagar)

Grade A 55 - 65 55 - 65

Grade B 45 - 50 45 - 50

Suburban Business District(Velachery, Perungudi, Mount Poonamallee Road)

Grade A 40 - 50 40 - 50

Grade B 30 - 40 30 - 40

Peripheral Business District (Perungalathur, Sholinganallur, Siruseri, Ambattur, GST Road)

Grade A 30 - 40 30 - 40

Grade B 25 - 35 25 - 35

Knowledge is

Power

Term Pricing6 monThs(6 issues)

` 150

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` 500

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` 700

Subscribe Today !

Chennai RealtyMonthly Real Estate Magazine

“Wisdom is not a product of schooling but of the

lifelong attempt to acquire it”

Contact:Keerthana

+91 [email protected]

Cityscape

Albert Einsten

60 Chennai Realty August 2011

Page 61: Chennai Realty - August 2011 Issue

Term Pricing6 monThs(6 issues)

` 150

1 Year(12 issues)

` 275

2 Years(24 issues)

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3 Years(36 issues)

` 700

“Wisdom is not a product of schooling but of the

lifelong attempt to acquire it”

PRoduCts

seRvICes

Air PurifierAroma sense IncContact: +91 9840078989south India Chem Ind.Contact: 044-25382134

BeddingFarook BeddingContact: 044-24749533Raman BeddingContact: 044-23744301

Audio visualonkyoContact: 044-42111649the Bose storeContact: 044-28330970

Carpetunitex CarpetContact: 044-24729536Ashwin CarpetsContact: 044-24983110

CurtainsCurtains by RashtogiContact: 044-28151431Indroyal CurtainsContact: 044-28268966

Home security systemvG electronicsContact: +91 9381009080Access security systemsContact: 044-32219146

Lightingsatco LightingContact: 044-26152724veer LightingContact: 044-25362994

Home decorAbi decorContact: 044-23743286Rekha decorContact: 044-24758199

Metal CraftParas Metal CraftContact: 044-25391239vega Metal CraftContact: 044-28110133

Granite & MarblePalani Marbles & GranitesContact: 044-23782429Goyal Granite & MarblesContact: 044-65184116

Flooring - Wooden/tilesAashi Flooring & decorsContact: 044-24983110Wintek Floor & decorsContact: 044-24732887

Kitchen ComponentsFaber GalleriaContact: 044-28110932Impulse IndiaContact: 044-243306666

Home AppliancesButterfly Home AppliancesContact: 044-26260801Chennai Home AppliancesContact: +91 9444125305

PumpsBest Pumps India P LtdContact: 044-42170732sugun IndustriesContact: 044-25342273

FurnitureGodrej & Boyce MfgContact: 044-66544444Amson & CoContact: 044-42920900

WaterAmaravathi Water suppliersContact: +91 9840466606Babu Water suppliersContact: 044-26265266

Children Play equipmentdynamic MarketingContact: 044-26285447Habicco sportsContact: 044-28544072

InverterMicrotek Power Control Contact: +91 9282115050Numeric Power systemsContact: +91 9841053044

Furniture HirersGiri'MuseumContact: 044-26450378Jaggi Furniture HirersContact: 044-28111097

PVC Pipe /fittingsMoti Pipe CorporationContact: 044-25211274vijay Pipe CorporationContact: 044-24726052

Plastic Water tankssri Kamatchi tradersContact: 044-24750545Infra IndustriesContact:044-32946372

Roofing Sheetssaro steelContact: 044-25354333Roofing House Contact: 044-26691408

Plywood & veneersK B AluppyContact : 044-28474277Pandian timber depotContact: 044-28445749

Wire MeshAshok HardwareContact: 044 25354958Nitin Wire NetingContact: 044-25321159

NetlonAaron IndiaContact: 044-26401895TuflexContact: 044-25340030

Wall PapersKJK Wall PearlsContact: 044-25330599Wall CitiContact: +91 9840230365

Blindstec Window solutionsContact : 044-26543509Aalfa BlindsContact: +91 96772230623

Concrete BlocksAeon's Construction ProductsContact: 91 44 42172400Balaji Concrete ProductsContact: 044-42020911

Ready Mix Concrete ACC Ready Mix ConcreteContact : 044-26193456RdC Ready Mix ConcreteContact : 044-26802041

elevator Companiesotis elevator Company I LtdContact: 044-24321762supriya elevator India Pvt Ltd Contact: 044-25510363

electricianNew Rasi electrical sales & serviceContact: +91 9380658465Gs Mani & sonsContact: 044-25368301

Plumbing ContractorsKumaran PlumbingContact: 044-24336821Me Plumbing WorksContact: +91 9444049387

swimming Pool expertsAqua worldContact: 044-43512296PCP swimming PoolsContact: +91 9840067790

Water tank CleanersChennai tank CleanersContact: 044-42045786Globe N CleanContact: 044-22351160

AC serviceGlacier AC serviceContact: 044-4541 0109AC serviceContact: +91 9841152629

PaintersGoodness NerolacContact: 044-28522470Western India PaintingContact: 044-28156499.

CarpentersPonraj WoodworkContact: +91 9094069404Highland WoodworkContact: 044-26262181

Building RenovationAce ContractorsContact: +91 9841061999A-cube ContractorsContact: +91 9791084079

False Ceiling Contractorsshanmugam InteriorsContact: 044-32470922ReenasContact: 044-30522686

vaastu ConsultantsLaxshmipathyContact: 044-22530066Pandit GovardhanContact: +91 9444057818

ArchitectsJeevan & AssociatesContact: 044-26420637Logan's ArchitectContact: 044-24421972

LandscapingLavender LandscapeContact: 044-22583841Rose GreeneryContact: 044-42142587

doors and WindowsHalcyon InteriorsContact: 044-24331631the door WorldContact: 044-23634404

FloristFloral HutContact: +91 9444048923suman FloristContact: 044-28271294

upholsteryMajestic Foam RubbersContact: 044-28522813SpringfieldContact: 044-27498005

sun Control Filmsshri BalajiContact: 044-24915697sun FilmsContact: 044-24983110

Car Hire servicesBala tourist HomeContact: 044-28224444Chennai CabsContact: 044-24812719

Water treatmentMorf India LtdContact: 044-42123036Ion exchangeContact: 044-28364251

soil testing Agenciesdas Material testings Pte LtdContact: 044-22354253National Mettalurgical LabContact: 044-22542077

Water ProofingMP IntegratedContact:044-24865586term trust eng servicesContact: 044-24343791

Property valuersd. Parthasarathy AssociatesContact: 044-24358717Murray & CoContact: 044-25345201

Carpet, sofa Care servicesCarpet Care serviceContact: 044-24850943Carpet Indian servicesContact: 044-24356130

tv service Centerssai electronicsContact:+91 9841077782Abirami videosContact: 044-24661750

AC serviceAir sakthiContact: 044-28553389oM sakthiContact: 044-24729971

Land surveyorsAABide Land surveyorsContact: 044 65690281Atlas topomapersContact: 044 25503236Project Management ConsultantsFichtner Consulting engineersContact: 044 24359158Meticulous GroupContact: 044 26424310

Bore Well Contractorssri Mahalakshmi BorewellsContact: +91 9841042467AK BorewellContact: +91 9380531135

AC RentalsGlacier Air ConditionerContact: 044-45410109Lv RefrigerationContact:+91 9841152629

IBMsspectral services Contact : 044-24618050Honeywell AutomationContact: 044-66789000

Home Maintenance servicesRed star Maintenance servicesContact : +91 9840928744Mr. Fixit Handyman servicesContact : 044-45204452

Handy Guide

61Chennai Realty August 2011 www.chennairealty.biz

Page 62: Chennai Realty - August 2011 Issue

City Musing

SPEND

Squarefoot, a name synonymous with premium integrated flooring solutions in India, launches their exclusive range of wooden flooring for

pergolas and wood cladding on exterior walls to create a log-cabin effect. The company is a leading provider of engineered wood, solid wood, outdoor deck and laminate flooring solutions.A Pergola is a type of gazebo and is an excellent choice for chic seating areas in swimming pool decks, balconies and gardens. All the pergolas and wood cladding are custom-made in Burma Teak or Ipe as per customer requirements. Squarefoot also offers a never-seen-before 10 years warranty on all their products. A Pergola allows for an extra room to use all year round as it offers protection from the sun as well as rain during the hot summer months and serves as a beautiful relaxation spot. They act as an extension of the house and children can also use it as an extra play area.Squarefoot can customise these pergolas as per the clients’ needs, ranging from a plain pergola to a swimming pool pergola for resorts or spas, from painted pergolas for purely decorative purposes to Timber clad houses. This exciting new range of

PERGolAs By sqUAREfooT

product is versatile as well as functional. The pergolas and wood cladding range is stylish and very easy to install. Like all Squarefoot products, its durability is guaranteed by Squarefoot’s exclusive technology that preserves the natural beauty of the wood and also conditions the product to harsh outdoor usage.Since Squarefoot customises the pergolas or outdoor wood cladding according to the clients’ taste, the price range for each pergola differs depending upon the design. The product range is available in all company stores and across 48 cities with the Square Foot brand dealers.Gaurav Saraf, Director, Square Foot, Bengaluru says, “A pergola has multiple benefits to offer as it can be used as an extension of one’s living space, it can also be used to entertain guests, be a relaxation spot whether at home or at a resort since it offers protection from the hot summer months and the monsoons. Pergolas are decorative as well as functional as they add grace, comfort and style, complimented with protection and durability, be it a home or hotel. Our aim is to ensure our clients’ can experience the best of outdoor living in beauty and style since it can add charm to an otherwise plain backyard, pool, garden etc. There have been many customers who’ve expressed a great desire in adding wood cladding to their exterior walls to create a log cabin effect.”For more details, visit www.squarefoot.co.in

62 Chennai Realty August 2011 www.chennairealty.biz

Page 63: Chennai Realty - August 2011 Issue

SAFA PROPERTIES

A. SALMAN: 9080444480 / [email protected] / [email protected] / www.safaproperties.in

11/1, 2nd Cross Street, United Colony, Kolathur, Chennai - 600 099(Near Retteri Junction, Opp. Jayam Electronics)

Ph: 044-42874782. Working Time 6.00am to 9.00pm

Vinayagapuram Bus Terminus Kolathur Jawahar Nagar

Kodungaiyur Athiyaman NagarKolathurKolathur

Near Paper Mills Road, Kolathur

100 Feet Road , Retteri Junction Jawahar Nagar

SAFA SUNIL SAFA THILAGA

Ramzan’s

Special

Sale

Page 64: Chennai Realty - August 2011 Issue

REGISTERED WITH THE REGISTRAR OF NEWSPAPER FOR INDIA UNDER NO. TNENG/2011/0086POSTAL REGISTRATION NO. TN/CH(N)/326 CHENNAI REALTY.BIZ AUGUST 2011