Archive for the ‘Chennai Real Estate News’ Category

Auromatrix plans 4 new hotels, to invest Rs 500 cr

Aloft Hotels, a franchisee of Starwood Hotels & Resorts Worldwide, Inc, is planning to add 830 rooms across five cities in India by the first quarter of next fiscal with an investment of Rs 500-550 crore. Speaking to reporters after launching the company’s first hotel in India at Chennai, Kumar Sitaraman, chairman and chief executive [...]

The real deal on shopping malls

CHENNAI: Knight Frank India, the country’s leading independent global property consultants, has predicted that approximately 7.49 million square feet of organised retail space is expected to come up in the Chennai market during the next three years. However, there is a possibility that there could be an oversupply of mall space in the market and [...]

Chennai to host NAR convention

The Second Annual Convention of the National Association of Realtors – India is to be held in Chennai. The hosts are the Chennai Real Estate Agents Association. The convention will present an opportunity for all in the real estate sector, including, realtors, developers and representatives of allied industries, to interact and update themselves on the [...]

Selling your property? Get the papers in order

Planning to sell your old house to buy a new one? Undoubtedly, residential properties sell like hot bread in metros like Delhi, Mumbai or Chennai , or even in tier II towns like Pune, Coimbatore or Chandigarh. It was a simple journey for Bangalorebased software professional Puneet and his wife Haimanti. They sold their house [...]

Citi hotel SPV set to kick off with B’lore, Chennai openings

Sajan C Kumar Posted: Tuesday, May 11, 2010 at 2329 hrs IST Updated: Tuesday, May 11, 2010 at 2329 hrs IST Chennai: Aloft Hotels, the well-known brand from Starwood Hotels and Resorts Group Worldwide Inc, will soon have an India address. Urbanedge Hotels, the special purpose vehicle (SPV) of Auromatrix Holdings with Citi Property Investors, [...]

Isha to develop affordable homes in Chennai

Isha Homes (India) Private Ltd., a Chennai based real estate company developing residential homes in the luxury villa homes segment, is now planning to get into budget homes segment too. According to Suresh Krishn M. E., Managing Director, Isha Homes would build these budget homes at Medavakkam. These would come up on 5.91 acres. The [...]

Rs. 154 cr permanent solution for treacherous 27th Mile

SE Report GANGTOK, April 29: The snapping of NH 31A, the only lifeline of Sikkim, due to frequent landslides and sinking of road at the treacherous 27th Mile near Rambi Bazaar may soon be a thing of past. The 27th Mile which falls under Kalimpong subdivision is prone to slides and sinking during monsoons and [...]

Excess Supply May Cause Marginal Fall in Office Rentals

With supply exceeding demand, office rentals will remain stable or even marginally fall in the seven major cities, according to leading real estate consultant CB Richard Ellis (CBRE). “The supply dynamics will continue to put pressure on the rental value and, therefore, in the short-term, rentals in most micro-markets would remain stable or correct marginally,” [...]

Tax holiday for hotels extended in Delhi, satellite towns

To encourage the construction of new hotels before the Commonwealth Games, the five-year tax holiday for them in the capital and satellite towns has been extended from March 31 to July 31 this year. In reply to a question in the Rajya Sabha, Ms Selja, minister of tourism, said the finance minister in the budget [...]

Ahmedabad, Pune Overshadow Delhi, Mumbai in Investment Segment

Unlike other major cities like Mumbai, Delhi, Chennai and Bengaluru, real estate demand in Ahmedabad and Pune is higher in investment segments, said a real estate survey released by ICICI Securities, the largest integrated securities firm. The survey was conducted across eight Indian cities including Mumbai, Delhi/NCR, Bengaluru, Chennai, Kolkata, Ahmedabad, Hyderabad and Pune among [...]