Residential Projects/News in State Capital Region (SCR)

[chennaidesi]

Chennai Residential real estate prices rocks. Not sure if this is sustainable. Look at ECR rates much higher than OMR.

[satishanu]

^It depends on the area. Certain area due to proximity to important places/landmark will sustain while others might not.

My F-in-law sold the yet-to-be-completed apartment in maduravoyal for 4600 per sq.ft. which is close proximity to koyembedu (market,bustand)/chennai bypass/ambattur ind. estate(some it parks as well)/anna nagar and he is thinking of increasing slightly.

ECR is rocking due to close proximity to beaches/entertainment stuff same as the place where I live (which is 8 miles away but prices of RE are more expensive near the beaches). OMR will also sustain due to IT atleast till supply/demand is met.

[krishnaswamy]

Guys,
what about secondary markets in these region?do any takers available?
before we get into some financial commitments, lets double check on all the possible scenarios..
World will not be same everyday..
high value flats ..secondary markets will always be tough. our people mindset is instead of buying 2nd hand at a very high cost, lets put some more money and buy the new one..

[viswanathan]

Does any one knows the price of Siena by XS real at padur?

[viswanathan]

Secondary markets in OMR is performing poor due to oversupply. It only driven by end user needs for immediate occupancy
The new ones are driven by investments also.

[Ramki830]

Originally Posted by krishnaswamy

Guys,
what about secondary markets in these region?do any takers available?
before we get into some financial commitments, lets double check on all the possible scenarios..
World will not be same everyday..
high value flats ..secondary markets will always be tough. our people mindset is instead of buying 2nd hand at a very high cost, lets put some more money and buy the new one..

It is not in RE , in every other activity people generally give lesser preference to second hand "things". For example in key areas of Chennai like Adyar etc, second hand apartments cost atleast 30% less than fresh apartments. And no,not talking of some 70 or 80 year old flats that are all set to break down !. Generally concrete apartments built with proper engineering specs can last atleast 60-70 years.

[ranga]

Originally Posted by R2IChennai

The first guy on the show periyaswamy seems like a bogus caller from the ndtv station he was putting fake tamil accent clearly

NDTV channel is paid news channel of the congress party.Their other programmes generally appear to be made up and the real TRP rating for this channel is very low.

[murlee]

S&S Foundations - Mylapore|9 floors



http://ssfoundations.com/projects.ht...d=11&task=view

[murlee]

S&S Foundations- Pallavaram-Thoraipakkam 200 ft road| 2 x 13fl



http://ssfoundations.com/projects.ht...d=12&task=view

[murlee]

S&S Foundations - Porur|11 fl



http://ssfoundations.com/projects.ht...id=9&task=view

[karkal]

After a decade on fast lane, ECR set to expand

http://www.thehindu.com/news/cities/...cle2917362.ece

On full throttle: For the people of Chennai, the ECR has meant an escape from the routine; (above) but overspeeding by motorists claims several lives on the road every year. Photos: M. Karunakaran

The city's favourite getaway highway is now 10 years old. In a series of reports, The Hindu will examine how the development of this 113-km long stretch has had a far-reaching impact on Chennai and its people. Deepa H. Ramakrishnan on the journey so far and the road ahead

The swanky East Coast Road, which influenced lifestyles and aspirations of Chennai, has turned 10. The 113-km long stretch from Akkarai to Puducherry, dotted with resorts and beach houses, became a toll facility in March 2002 and was upgraded into a two-lane road from a small winding road passing through 154 villages.

The next big change that the road is likely to witness is the proposed four-laning. The detailed project report to widen it further with a median up to Mamallapuram is in the final stages and is expected to be submitted to the State government soon by the Tamil Nadu Road Development Company (TNRDC), which manages the facility. The consultant is currently looking at the environmental aspects of the project.

TNRDC managing director P. Umanath said that the ECR as a project has fully served its intended objectives during this 10 year period. “Our future endeavours will be to make the road more user-friendly, minimise accidents and support initiatives to promote tourism.”

The ECR also has been a learning curve for the TNRDC. Its former director K.R. Viswanathan said that for TNRDC, the ECR was the first Build-Operate-Transfer project that showed the potential for road development and opened the door for the more ambitious IT Corridor project on the same model and commercialise it successfully.

The road was built in 1998 by interlinking and improving a series of small village roads that connected the fishing villages along the east coast. The idea was to create infrastructure, facilitate inter-state connectivity and boost tourist movement. But within two years, it started showing signs of distress, adversely affecting the quality of rides and safety of motorists. In 2000, the State government signed a concessionaire agreement with the TNRDC in order to improve the road.

When the road was being built initially, several environmentalists and NGOs, including Indian National Trust for Architecture and Cultural Heritage (INTACH), objected to it as many trees had to be cut, which they said would lead to indiscriminate groundwater extraction.

“We had also objected as there are habitations every 1.6 km or 2 km and that could lead to accidents, which has become a fact now. If the government is planning to develop the road, it should ensure that the development on both sides is controlled and eco-friendly,” said INTACH Ajit Koujalgi co-convenor, Pondicherry, who had filed a case in the 1990s against its widening. However, road experts say that widening is a must to avoid accidents. “Environmentalists and the communities along the road must be taken into confidence and a strategy must be worked out to widen the road. Otherwise it would only lead to more accidents,” said a source, who was involved in the first phase of development of the road.

The road sees a number of accidents every year. G. Thirumugan, a taxi driver, who goes on trips to Puducherry frequently, said that many drivers think twice before taking the road on weekends. “People drive at breakneck speed and with the many curves on the road, vehicles easily turn turtle,” he said.

According to statistics available with Chennai Traffic Police, last year alone there were 51 fatal and 122 non-fatal accidents on the ECR in the stretch leading up to Muttukaadu. According to TNRDC statistics, there is one accident daily and 10 to 15 fatal accidents in a year between Akkarai and Keezh Puthupattu near Puducherry.

Many like S. Surya, who is in the hospitality industry, take a break once in two weeks to hang out with friends at beach resorts on the ECR.

“I love to drive fast on the road. We no longer prefer to drive to Pondy as the prices of alcoholic beverages are not very different from that in Chennai. Instead we have our own hangouts. There are places that extend the courtesy of letting you bring your own alcohol for parties,” Surya said.

Apart from making people want to take a fast ride, the road has fuelled the development of real estate, beach resorts and other tourism development activities.

Markand Desai, a property developer, who invested on the eastern side of the ECR 32 years ago, said that it was the development of the road that led to the boom in real estate. “The price of land has increased by 25 percent every year. Now the road is home to many of Chennai's rich and famous. People also seem to know to spend money and enjoy the facilities.”

[karkal]

-del-

[lexraja]

Originally Posted by karkal

City may get local planning authority

http://www.deccanchronicle.com/chann...-authority-184

The state government is planning to constitute a local planning authority (LPA) on the lines of Hyderabad and Bengaluru for developing fringe areas of the city lying between GST ROAD and ECR.

These areas are getting urbanized in a haphazard manner without any master plan or a long-term plan. Hence the urban development department has prepared a blueprint for the area south of the Chennai metropolitan area (CMA). This would lead to a real estate boom here.

After the government accorded approval in 2008 for the second master plan considering the growing demands, both present and future, of the CMA, the necessity for developing the areas on the outskirts of Chennai was felt.

Based on this, the government had CMDA to prepare a detailed plan for a few areas in southern suburbs.

The detailed development plan for the area south of the CMA of an extent of 562 sq.km falling in 134 revenue villages has been delineated and sent for government approval.

It comprises Maraimalai Nagar municipality, Guduvancheri- Nandhivaram Town Panchayat, Thiruporur Town Panchayat and parts of Thiruporur panchayat unions.

“Presently, only realtors exploit the resources in LPA areas. Instead, the government can create housing units both for economical weaker sections and high income groups at a reasonable prices, with adequate infrastructure facilities that will also help the existing households, which are deprived of sewerage connections and proper roads, besides connectivity,” sources in the government told DC.

I read a recent article from TOI and posted in SSC too about the proposal to form a Chennai Mega region of about 8000 sqkm to include all neighboring cities Kancheepuram,SPDR,Mamallapuram and Tiruvallur. I wonder how this LPA above is going to fit into the scheme of things .


http://articles.timesofindia.indiati...-sriperumbudur

[saysenthil]

Originally Posted by karkal

Since initiating a relationship with Sri Ramachandra University in 1997, PHMI has helped the school raise the standard of education and patient care in Chennai.

http://www.phmi.partners.org/Experience/Clients

This is not a new thing, the relationship with Harvard and Sri Ramachandra University has been there for 15 yrs now.

Thank you dude.... I never knew that.... And yes..... I dont know the credibility of the show... So have to agree with the points told by all of you.... Thank you indeed!

[kannan infratech]

Originally Posted by lexraja

I read a recent article from TOI and posted in SSC too about the proposal to form a Chennai Mega region of about 8000 sqkm to include all neighboring cities Kancheepuram,SPDR,Mamallapuram and Tiruvallur. I wonder how this LPA above is going to fit into the scheme of things .


http://articles.timesofindia.indiati...-sriperumbudur

MLPA (Mamallapuram Local Planning Authority) is already there under DTCP to take care of the suburbs of Chennai & Kancheepuram & Thiruvallur districts.

The news item is very vague and the writer seems confused.

Actually they propose to have a master plan for the localities mentioned and it will prevent hapazard / unorganised development.

[Mukkesh]

Originally Posted by saysenthil

Thank you dude.... I never knew that.... And yes..... I dont know the credibility of the show... So have to agree with the points told by all of you.... Thank you indeed!

True Sri Ramachandra univ and Harvard medical International are in alliance. This is done so that SRU markets itself well in USA and collects capitation fees from NRI .

SRU will be allowed to admit 250-275 MBBS students from next year (existing 150 ) .25 % of students are from abroad. Heavy collection from next year.

[ranga]

S&S Foundations launches residential project


The Chennai-based S&S Foundations has launched a 108-apartment residential project on western outskirts of the city.

The residential project, Solitaire, consisting of a 11-floor tower on the Kathipara Junction-Porur Road are priced at Rs 5,950 a sq.ft for the 2- and 3-Bedroom-Hall-Kitchen units of 1,150-1,850 sq.ft.

The company has completed five projects in Chennai and is set to announce three more projects in the heart of the city in Mylapore, Velachery and Maraimalai Nagar, said Mr S. Sathyanarayanan, Managing Director, S&S Foundations.

S&S has a land bank of over 120 acres in and around Chennai.


http://www.thehindubusinessline.com/...cle2917719.ece

[karkal]

Originally Posted by Mukkesh

True Sri Ramachandra univ and Harvard medical International are in alliance. This is done so that SRU markets itself well in USA and collects capitation fees from NRI .

SRU will be allowed to admit 250-275 MBBS students from next year (existing 150 ) .25 % of students are from abroad. Heavy collection from next year.

TN colleges and universities need to become world class at the same time economically viable. I hope the model they come with works for everyone.

[Imthi]

Originally Posted by karkal

TN colleges and universities need to become world class at the same time economically viable. I hope the model they come with works for everyone.

Dude, But the developed universities are charging hell a lot that you can't even afford for a pocket (leave alone the hole on pocket).

SRM university has opened up is office in Dubai just for intake of NRI students for their chennai facility, they just ask for $10000 per year as the fees.

This is what the status of leading Indian Universities.

[Mukkesh]

Originally Posted by Imthi

Dude, But the developed universities are charging hell a lot that you can't even afford for a pocket (leave alone the hole on pocket).

SRM university has opened up is office in Dubai just for intake of NRI students for their chennai facility, they just ask for $10000 per year as the fees.

This is what the status of leading Indian Universities.

I was only mentioning about the money collected in black,bogus entrance exams and blatant violation of laws and admitting ? standard students. They re leading the way and all private universities in medicine follow them.

God save patients .

Compared to these students three and half year condensed MBBS students will be better as they ll at least go to rural areas.