Residential Projects/News in State Capital Region (SCR)

[ranga]

Chennai is less westernised becos it is located towards the east.

[anekho]

[ModernIndia]

Thank god for not westernizing. Let us see what the west has brought to the world
1. Colonization
2. Slavery
3. Indentured labor
4. Religious barbarity
5. Wiping out native population by genocide
6. Wiping out the history of indegenous populations ( and make them hate their own past)
7. Religious barbarity
9. Rampant deforestation
10. Concrete Jungles
11. Root cause of Climate change
12. Hole in Ozone
13. and not to forget unwashed ass.es


Do we still want to Westernize. No Thanks. I hope Chennai and Chennai-ites mentally stay in the east for all the time to come.

[Indian Sun]

at the last point.

[TShyam]

Originally Posted by ModernIndia

Thank god for not westernizing. Let us see what the west has brought to the world
1. Colonization
2. Slavery
3. Indentured labor
4. Religious barbarity
5. Wiping out native population by genocide
6. Wiping out the history of indegenous populations ( and make them hate their own past)
7. Religious barbarity
9. Rampant deforestation
10. Concrete Jungles
11. Root cause of Climate change
12. Hole in Ozone
13. and not to forget unwashed ass.es


Do we still want to Westernize. No Thanks. I hope Chennai and Chennai-ites mentally stay in the east for all the time to come.

[karkal]

http://www.evpworld.com/about.html

http://www.exchange4media.com/45154_...heme-park.html

Chennai-based agency Challenge has won the media mandate for the EVP Group of Companies’ latest venture - EVP World Educational and Cultural Theme Park. The win comes on the back of a multi-agency pitch that saw the participation of 8-9 agencies.

EVP Santhosh Reddy, Vice Chairman, EVP Group of Companies, said, “We chose Challenge because of their sound strategy. We have not appointed a creative agency and creatives for the campaign have been designed by our in-house team.”

R Sakthivel, Founder and CEO, Challenge, added here, “The pitch was initiated a month back, and we won the account on the basis of the strength of the strategy that we suggested. An added advantage was that we are an INS accredited agency. Moreover, our successful media plan for other brands established their confidence in us.”

The agency has chalked out the media plan for promotions in the TV, print and radio space. The amusement park is being inaugurated on January 30, 2012 with the campaign going live the same day. Teasers began airing across TV channels and radio stations on January 27.

EVP World is the one of the largest amusement and entertainment parks in Asia, spread over a 100 acres along the Chennai-Bangalore highway. Some of the attractions include ‘Crazy Palace’ (an upside down building with reverse interiors), ‘Ice Land’ (a snow theme park), and a water park, among others.

The EVP Group of Companies is a real estate major with varied business interests in construction, education, agro industries, diamond & jewellery, and import of construction tiles and furniture.

[kvijayasundaram]

http://www.jeayamshelter.com

[kvijayasundaram]

Source:http://www.appaswamy.com/brooksdale.htm

[win-win]

Originally Posted by ModernIndia

Thank god for not westernizing. Let us see what the west has brought to the world
1. Colonization
2. Slavery
3. Indentured labor
4. Religious barbarity
5. Wiping out native population by genocide
6. Wiping out the history of indegenous populations ( and make them hate their own past)
7. Religious barbarity
9. Rampant deforestation
10. Concrete Jungles
11. Root cause of Climate change
12. Hole in Ozone
13. and not to forget unwashed ass.es


Do we still want to Westernize. No Thanks. I hope Chennai and Chennai-ites mentally stay in the east for all the time to come.

Good one! Can't stop laughing at 13.

[murlee]

Villa, won't you?

Wake up to birdsong, go for morning walks without the fear of being run over, read the newspaper without disturbance — these may sound like a dream today, but they don't have to be. Welcome to the gated villas.

The concept of villas is popular in the U.S. and Europe and has only recently come to India. Cities such as Bangalore and Pune were the pioneers, and Chennai is soon catching up.

Looking for alternatives

Earlier, consumers took pride in living in independent houses, but factors such as security made them look at alternatives. A gated villa lets the consumer live in an individual house yet, at the same time, provides them with all the amenities and benefits of apartment living.

Till recently, Chennai lacked good villa projects compared to Bangalore, which had Palm Meadows and Palm Retreat. The reason is non-availability of adequate liveable land in Chennai. Land values are so high that the composite value of a project is beyond the affordable limit or it is situated in a location devoid of basic infrastructure.

There is no dearth of demand for villas in Chennai. Compared to the number of apartments in Chennai, the number of villas on offer is miniscule, says Sivaramakrishnan A.S., Head — Residential Services (Chennai and Bangalore), Jones Lang LaSalle.

Attracting NRIs

Current projects which are on the periphery are attracting mostly NRIs and select investors, who hope the social infrastructure, which is far more developed in Bangalore, would improve by the time they settle down. Mr. Suresh Krishn, Managing Director of Isha Homes, says there is no cost advantage for builders when they take up villa construction in Chennai. However, there are other advantages. Since villas can be constructed only after the sale of a project, the builder does not incur construction costs before the sale. So the risk for builders is far less: they can construct the building only after it has been bought, whereas in apartment complexes, even if a few apartments on some floors are sold, the entire complex needs to be built.

Faster delivery

The time taken to construct villas is far less than for apartments, but taking into account the overall development, including amenities, then the time taken is the same, he says. The approval process is also simpler for villa projects than for multi-storeyed projects, which improves the turnaround time. The delivery of villas is faster because work can be started simultaneously, says Mr. Sivaramakrishnan.

From the buyer's angle, the quality of life in a villa is far better compared to what it is in an apartment. Natural resources such as water and air are shared by less number of people; noise pollution is negligible. Villas can instal solar panels and windmills to create an eco-friendly environment. Not to speak of offering privacy and security.

However, villas, as Mehul Doshi, Director of Doshi Housing, says, come at a premium when compared to apartments. They are at least 30 per cent more expensive than apartments, primarily because the FSI in villa projects is lower. The FSI in a villa project is generally around one, whereas it can be anywhere between 1.5 and 2.5 in case of an apartment project, depending on the width of the abutting road.

http://www.thehindu.com/todays-paper...cle2858992.ece

[murlee]

Radiance buys Greaves Cotton property in Chennai suburb

Radiance Realty Developers India Ltd has purchased four acres land from Greaves Cotton for Rs 80 crore to develop the property.

According to a press release from Radiance Realty (formerly NAPC Properties Ltd), the company plans to establish a premium, high-rise residential complex on the property at Thoraipakkam to the South of Chennai on the Old Mahabalipuram Road.

The deal works out to about Rs 4,580 a sq ft in the fast-developing southern suburb.

Radiance Realty is developing more than a million square feet of high-end residential properties spread across prime residential areas in the city and OMR.

It has also begun sales in its exclusive villa project in ECR.

Radiance Realty is promoted and run by Mr Varun Manian whose family recently sold stake their stake in the infrastructure arm NAPC Ltd to Vinci of France, a large construction conglomerate.

Mr Manian will focus on new ventures such as Real Estate and Renewable Energy, the press release said.

http://www.thehindubusinessline.com/...cle2875965.ece

[karkal]

Another IT building gives way for housing project

http://www.deccanchronicle.com/chann...ng-project-573

Following a glut in supply of office space in the city, builders are taking a second look at their commercial projects.

With the demand shooting up in the residential segment, most builders are keen to convert their erstwhile commercial ventures into housing projects.

A completed commercial IT park on LB Road in Thiruvanmiyur was razed down recently to pave way for residential units by Ramaniyam Real Estate Pvt Ltd.

And the latest to take the alternative route is the Olympia Group that has decided to covert its former IT park venue into residential complexes.

“We had planned an IT park in Pallavaram. But following a slowdown in the segment we decided to convert about 7.5 acres of the land into residential units,” said Mr Ajit Kumar Chordia, MD of Olympia Group.

While the office space supply in Chennai is close to 18 million square feet, the annual offtake has been as low as 4 million square feet for the last two years.

The high vacancy levels in IT office space owing to recession had inhibited builders who have delayed or dropped new proposals.

But this slowdown is a positive trend that could help stabilize the supply to demand equation in the segment, analysts say.

“Also, the Second Master Plan of CMDA allows high-rise building constructions outside Chennai and this impelled us to go ahead with an 11-storey residential complex in the area,” Mr Chordia said. Olympia has unveiled a 780-unit gated community comprising two and three bedroom apartments.

Olympia Grande, a Rs 300-crore project, has been registered for green building certification with Indian Green Building Council and aims at delivery in next three years.

Announcing the company’s future plans, Mr Chordia said the company was also planning a 400-unit premium luxury villa project next week and the launch of its second phase of Opaline apartments in OMR in March.

[bonoslack7]

[saysenthil]

Godrej launches first residential project in Chennai

Godrej Properties (GPL), the real estate arm of Godrej Group, today launched its first venture in Chennai, the Rs 450-crore ‘Godrej Palm Grove’.

Mr Pirojsha Godrej, Executive Director, GPL, said 1,556 modern apartments would come up over 12.5 acres along NH-4 Bengaluru Highway ranging from 1,188 sq.ft. to 1,489 sq.ft.

Armed with a pre-certified gold rating by the Indian Green Building Council, each apartment will cost “roughly” between Rs 50-60 lakh, he told a press conference here.

“Chennai is one of the most important real estate markets in the country and had been doing well for the past several years even when the market had not been so good in other cities,” he said.

He said the project, a joint venture with Addison and Co, would be completed in three to four years.

http://www.thehindubusinessline.com/...ue&ref=wl_home

Indicating at delays in the approval process for such ventures all over the country, he said governments should understand that such delays could result in escalation of property prices.

The venture will house amenities such as club house and swimming pool among others, he added.

[ferrari_fan]

50-60L seems really expensive for that area? Especially considering the apartments are not that big..

[karkal]

They are still in the mumbai real estate mind set. Will settle down once they meet the real customers.

[sridhar_n]

the city is expanding towards that side. we have a probable new greenfield airport, country specific industrial hubs and other major investments in that part of the city (expanded city??). But yes, charging 3500+ / sq feet for that area at this point in time is bit too high.

[karkal]

Osian Chlorophyll, giving Chennai the colour green

http://www.groundreport.com/Business...-green/2944204

Nature has somehow taken a back seat in the life of today’s modern man, who has forgotten to enjoy this element that has sustained mankind throughout history. SPR&RG Constructions Pvt Ltd, a fast growing real estate player in the city is planning to bridge that gap through its new project ‘Osian Chlorophyll’ located at Porur, Chennai. Nature has been a core inspiration for the project and the company looks to bring out Mother Nature’s true embrace to the city. The project is being developed on greenery as a philosophy and is aimed at teaching Chennaites to live with nature.



The original meaning of green is trees, plants, bushes, fruits and flowers and that can be seen at Chlorophyll. The other happy by-product of the greenery will be the quality of air. That fresh air originates from a vast expanse of vegetation and it will soon become common property in and around Chlorophyll. The whole neighborhood will benefit from the effect of the four and a half acres of parks, vegetable gardens, herb gardens, flower farms and ornamental gardens. The produce will be harvested and sold at ‘Chlorophyll’.



Clad in all this vegetation will be ten towers of extremely well-appointed air conditioned apartments of various sizes and all the amenities one would expect to find, as well as some that will come as pleasant surprises. In this lush retreat, one can choose from homes that accommodate everyone from bachelors, small families to extended ones. Each one of the 997 apartments will be designed to give a sense of space, comfort and luxury. One of the unique aspects of the project is the 650 meter long jogging track on the terrace connecting all the towers. The other outstanding feature would be the infinity pool on the terrace.



The project is driven by an elite Quartet of Ex-L&T project team having over 70 man years of quality Industry experience. The team is working closely with an award winning team of architects, K.S.Ranganath and team landscaping architects and environmental planners Prabhakar Bhagwat to deliver the project.



SPR&RG Constructions Pvt Ltd is a vibrant and fully integrated real estate developer engaged in acquisition and development of residential and commercial real estate besides executing turnkey infrastructure projects. Their projects have been designed to have a positive impact on urban and social landscape, besides bringing tangible benefits to the local communities, long – term appreciation and increased market leverage on the net worth. Likewise their current project has a few one of a kind amenities and facilities derived from a unique philosophy.

[murlee]

Sabari's Serenity|13 x 9fl|Siruseri

Spread over 9 acres of lush greenery, Sabari’s Serenity has 13 towers which house 864 apartments in a range of 1, 2 and 3 bedroom apartments to choose from.



Location



Site Plan

[murlee]

Construction Pics





Site: http://www.sabarifoundation.com/gallery.html