Chennai Projects Update thread - III

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[ferrari_fan]

Originally Posted by Aniyan

this looks very much like the existing Wipro facility at Sholinganallur.. are you sure its the new one?

[Anniyan]

Originally Posted by ferrari_fan

this looks very much like the existing Wipro facility at Sholinganallur.. are you sure its the new one?

Oh, I may be wrong then.

[kannan infratech]

Originally Posted by Anniyan

Oh, I may be wrong then.

the new campus is just behind the existing campus and the design looks very similar to the existing (may be as a continuation of same theme)

The entrance for this may be from Sholinganallur Medavakkam Road (I saw lorries entering through the gate on that road).

I also lots of developments next to Wipro where the KIT was supposed to come. Atleat 20 pile drillers are working there.

Any news on these developments?

[h_karthik]

I think Cognizant Campus is coming in this SEZ next to Wipro

Originally Posted by kannan infratech

the new campus is just behind the existing campus and the design looks very similar to the existing (may be as a continuation of same theme)

The entrance for this may be from Sholinganallur Medavakkam Road (I saw lorries entering through the gate on that road).

I also lots of developments next to Wipro where the KIT was supposed to come. Atleat 20 pile drillers are working there.

Any news on these developments?

[Kathir]

Originally Posted by h_karthik

I think Cognizant Campus is coming in this SEZ next to Wipro

Yep.. This campus would be coming up on a 20 acre land parcel, with a built up area of 2.8 Mn Sq.ft having 18000 seats when fully complete.

[satsukhoi]

Originally Posted by ferrari_fan

this looks very much like the existing Wipro facility at Sholinganallur.. are you sure its the new one?

Hi Anniyan, i can't view the image of wipro campus since it is blocked by the firewall in my office. Can you please do some alternate. Thanks in advance.

[wcgokul]

hey satsukhoi........try this

http://img340.imageshack.us/img340/334/62rn5t4fi0.jpg

[satsukhoi]

Originally Posted by goram_vlad

hey satsukhoi........try this

http://img340.imageshack.us/img340/334/62rn5t4fi0.jpg

Thanks goram_vlad, i can view the image now.

[krishnan]

deleted.

[Leo_r]

The Netherlands-based Norit, suppliers of consumables, components, systems and complete water purification solution, including Production and Sales of Membrane Products for Microfiltration Ultrafiltration, Nanofiltration and Reverse Osmosis has opened its first office in India At Chennai.

Norit already involved with Chennai Petroleum/Tirupur waste water treatment facilities...ET

[Subra]

http://www.thehindubusinessline.com/...2950950300.htm

Board gives approval; details to be worked out


New Delhi, Aug. 28 Indian Oil Corporation Ltd (IOC) is set to bring in Petronet LNG Ltd (PLL) as partner for its proposed liquefied natural gas (LNG) import and re-gasification terminal at Ennore, Tamil Nadu. The company’s board which met on Monday gave its nod to the proposal.

Sources told Business Line that armed with the board’s approval the company will now work out details of a memorandum of understanding (MoU).

Based on the MoU framework, IOC and PLL will sketch out the details of a joint venture. IOC wanted PLL on board for the project mainly to draw from Petronet’s experience in sourcing LNG.

Meanwhile, IOC has also been pursuing various suppliers for long-term LNG supply, which is a major deciding factor for success of such projects.

The project is estimated to cost about Rs 3,500 crore. The proposed capacity of the terminal is 2.5 million tonne per annum (mtpa), which subsequently would be raised to 5 mtpa. Sources said the project would be a 50:50 venture between IOC and PLL.

The Ennore project is jointly promoted by IOC and its subsidiary Chennai Petroleum Corporation Ltd (CPCL).

Petronet, according to sources, was also looking for expanding the role of the venture to certain downstream activities in the related areas. At present, the country has two LNG terminals — PLL’s 6.5 mtpa terminal at Dahej, Gujarat, and Shell’s 2.5 mtpa Hazira terminal. Another 5 mtpa terminal is coming up at Dabhol. Petronet is also constructing an LNG terminal in Kochi.

[M.IP]

Advertisement boardings will be the thing of past in chennai.

http://www.tn.gov.in/pressrelease/pr...290807_558.pdf

[nashcode]

Originally Posted by M.IP

Advertisement boardings will be the thing of past in chennai.

http://www.tn.gov.in/pressrelease/pr...290807_558.pdf

Oh ... i hope this move succeeds !!!

[nsantha2]

Originally Posted by M.IP

Advertisement boardings will be the thing of past in chennai.

http://www.tn.gov.in/pressrelease/pr...290807_558.pdf

Can anyone read that and convey the salient features to the forumers? I would do it, but it might be a few months before I finish reading.

[wcgokul]

Originally Posted by nsantha2

Can anyone read that and convey the salient features to the forumers? I would do it, but it might be a few months before I finish reading.

Chennai stripped of its 'hoarding city' title

It’s known as the city of hoardings. But Chennai may soon be stripped of its title, literally so.

The Tamil Nadu government on Wednesday ordered immediate removal of all hoardings in the state, much to the displeasure of many.

"In the hoarding industry, nearly one lakh families depend on this business, so definitely one lakh families will be thrown out of their jobs,” says President Tamil Nadu Outdoor Advertising Association, AG Nayagam.

The hoarding industry is one of Chennai’s biggest with each hoarding fetching close to Rs 18 lakh every year. Which means the nearly 5,000 hoardings in the city generate around Rs 900 crore a year, while the government collects Rs three per square feet as display tax

But as it happens, several hoardings in the city are illegal and the administration has been trying to regularise them for quite a while now.

“Hoardings definitely need regulation in the city, but I am not sure taking them out is a solution for this. They must try and implement regulation so that it becomes a much more organised sector," says President, Media Direction, Satyanarayan.

A case related to hoardings is pending in the Supreme Court, which has issued a stay order. Legal experts say the state government may have actually jumped the gun by banning hoardings.

http://www.ibnlive.com/news/chennai-...e/47705-3.html

[Subra]

http://www.business-standard.com/eco...eft=1&leftnm=3


A mall and multiplex wave is set to sweep across Chennai, with over 20 malls planned in the next three years.

The city, where India’s first mall, Spencer Plaza, was set up in 1975, is expected to absorb over Rs 3,000 crore in the coming years.

Realty majors such as Prestige Group, Shriram Properties and DLF are in the forefront of mall development in the city and beyond.

Bangalore-based Prestige is drawing up plans for a second Forum mall in the city’s artery, Mount Road, while completing the first Rs 350-crore Forum mall at Vadapalani in Chennai, in collaboration with Vijaya Group.

The Vadapalani mall, spread over 17 lakh square feet, will feature a seven-screen multiplex, over 100 shops, two departmental stores, a 1,40,000 square feet hypermarket. The mall is expected to become operational in the first quarter of 2010.

“Vadapalani is a large residential catchment area, which is well connected by two important roads – Arcot Road and Nehru Road. Footfalls in this important location in the heart of the city will be higher compared to other areas,” said Muhammed Ali, DGM (mall leasing), Prestige Group.

While over the last year and a half, the attention of developers was focused on the residential sector, the feverish activity being raked up on the commercial and retail fronts is seen as a logical extension.

These have increased the demand for mall space even in areas such as Aminjikarai, Besant Nagar, Velachery, Mogappair, Sirusseri, Semmenchery and Perambur.

While Allied Housing & Development is planning a seven lakh square feet mall at Sirusseri on the Old Mahabalipuram Road, Chennai’s IT corridor, Ozone Group’s 14 lakh square feet Ozone Mall is coming up at its integrated township Metro Zone in Anna Nagar.

Company showrooms are expected to take up at least 90 per cent of the floor area in these malls, where the standard rentals are Rs 12-15 per square feet. This works out cheaper for companies, which would otherwise have to lease dedicated spaces at Rs 50-60 per square feet in retail hotbeds of the city like T-Nagar, Nungambakkam and Anna Nagar.

“While office rentals in the city are still on the higher side, they may not be attracted to rent spaces in malls. Malls are dedicated retail spaces, but it remains to be seen if the demand exists in Chennai,” cautioned Abdur Ravoof, a partner with Property Care.

But the action is on. River Side, a jumbo mall at Karapakkam near Chennai, when completed in the fourth quarter of 2008, would take up 11 lakh square feet of built-up space, including a mammoth parking area, according to industry sources. The mall is being set up at a cost of Rs 500 crore, with a Rs 100-crore loan from HUDCO. Marg Constructions, the project developer who has invested Rs 50 crore, is on the lookout for strategic investors to raise Rs 100 crore, and hopes to raise the rest through a mixture of debt and equity.

According to G R K Reddy, managing director, Marg Constructions, 30 per cent of the space at the new mall has already been booked. “The demand for organised retail in Chennai has been growing by leaps and bounds. Karapakkam is a good strategic location for our retail operations,” Reddy said.

Industry sources said the Fame Adlabs theatre chain, owned by Mumbai-based Shringar Cinemas, would start its south India operations with a four-screen multiplex at River Side.

Satyam, Inox and PVR, which have been operating theatre chains in Chennai, are likely to increase their footprint through these malls, along with new entrants such as Cinemax and Fame. While PVR is planning screens at the four lakh square feet Ampa Mall, Satyam is known to have leased space at the upcoming eight lakh square feet Express Mall, coming up on land formerly owned by Indian Express Group (Madurai). Westside is planning to set up flagship stores at both these malls once they become operational in mid-2008.

[chennaimetroblogs]

Originally Posted by Subra

http://www.business-standard.com/eco...eft=1&leftnm=3

But the action is on. River Side, a jumbo mall at Karapakkam near Chennai, when completed in the fourth quarter of 2008, would take up 11 lakh square feet of built-up space, including a mammoth parking area, according to industry sources. The mall is being set up at a cost of Rs 500 crore, with a Rs 100-crore loan from HUDCO. Marg Constructions, the project developer who has invested Rs 50 crore, is on the lookout for strategic investors to raise Rs 100 crore, and hopes to raise the rest through a mixture of debt and equity.

According to G R K Reddy, managing director, Marg Constructions, 30 per cent of the space at the new mall has already been booked. “The demand for organised retail in Chennai has been growing by leaps and bounds. Karapakkam is a good strategic location for our retail operations,” Reddy said.

Industry sources said the Fame Adlabs theatre chain, owned by Mumbai-based Shringar Cinemas, would start its south India operations with a four-screen multiplex at River Side.

Satyam, Inox and PVR, which have been operating theatre chains in Chennai, are likely to increase their footprint through these malls, along with new entrants such as Cinemax and Fame. While PVR is planning screens at the four lakh square feet Ampa Mall, Satyam is known to have leased space at the upcoming eight lakh square feet Express Mall, coming up on land formerly owned by Indian Express Group (Madurai). Westside is planning to set up flagship stores at both these malls once they become operational in mid-2008.

4th quarter 2008 is too ambitious for XXL river side mall. Not sure if they started construction. Any new photos on contruction side of river side?

Has construction started for any other mall in OMR. coromandal or arihant mall?

[senthil2001msk]

HYDERABAD: Taj GVK Hotels & Resorts has lined up investments worth over Rs 500 crore in its existing and new properties in south India over the next two-three years.

It is set to open the 200-room Taj Mount Road in Chennai next month while work on a new five-star property in the heart of Hyderabad’s business district Begumpet is slated to open in the end of 2009.

This apart, the company is also setting up 45 service apartments on a 2.5 acre property right next to the Taj Krishna at a cost of Rs 150 crore. The service apartment will also house a spa and club house, Veer Vijay Singh, director operations, Taj GVK, said.
The hotel chain, which currently operates three properties in the city and one in Chandigarh, also proposes to add more rooms to the Taj Deccan, totaling 123 over the next three years, at a cost of Rs 150 crore, he added.

More significantly, the group which posted revenues of Rs 260 crore as of March 31, 2008, a 6% increase over the previous year, has also zeroed in on Bangalore, Kodaikanal, Jaipur and Amritsar to set up hotels over the next few years.

“We are at various stages of finalising properties in these places for our next foray,” Singh said. He, however, added that discussions are still in the initial stages and could take some time.

[karthick80]

CHENNAI: New premises for combined courts will be created at Tiruvallur, Ponneri and Ambattur, said PWD and Law Minister Durai Murugan here on Wednesday.

Speaking at a function after inaugurating new premises for the district munsif court at Tiruvottiyur, Mr. Durai Murugan said advocates and lawyers in these courts had demanded a combined building, which would be constructed next year.

Since 2006 the ruling government in the State has allocated Rs.227 crore for taking up works such as residential quarters for magistrates, court buildings and other infrastructure development works, he said.

courtesy

http://www.hindu.com/2008/12/11/stor...1159560500.htm