Chennai Realty Vol 1 Issue 1

` 30
Chennai Realty
Chennai's Exclusive Real Estate Magazine
Vol : 1 Issue : 1 June 2011
Chennai 2020
The shape of things to come!
Focus
Chennai's Top 100 Projects Developer of
the month
Project of the month Mehul Doshi
S & P Living Spaces
1 Chennai Realty I June 2011 www.chennairealty.biz

Vinoth
Promoters & Developers p.ltd
www.vinothbuilders.in
Z-268, 5th Avenue, Anna Nagar, Chennai - 40. Ph : 044 4261 2076
email : info@vinothbuilders.in
Mogappair porur
on s
pati gres
occu r Pro
for de
ead
y Un
R
Nolambur Main Road Rajagopal Pillai Nagar

(Behind Dr. MGR Engg College) (Near Porur Junction)
3 Bedroom Flats 2 / 3 Bedroom Flats
1205 to 1365 Sq.ft 825 to 1145 Sq.ft
Covered Car Park Covered Car Park
As per Vaastu As per Vaastu
Projects under progress :

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Nr. Green Valley School
Nerkundram  Near Golden Eagle Theatre
Valasaravakkam  Next to Kesavarthani Bus Stop
Thiruverkadu  Pallava Nagar 800 Sq.ft - 1100 Sq.ft
3 Call Now:
Chennai Realty I June 201198409 03355 / 98409 www.chennairealty.biz
22255
Editor’s Note
Editor & Publisher
Kishore Kumar
editor@chennairealty.biz
Editorial Consultant
InkWell Publishing
Production Manager
Prasanna
Design Head
Narayanan Sathish
Marketing Manager
Leslie Anburaj
+91 8754487370
marketing@chennairealty.biz
Dear Patron... Sales Manager

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Preview
12 WHAT'S HOT: The face of Chennai's realty sector

– from now to 2020!
FEATURES
26 Comfort Zone: Sharad and Ratika Haksar share their favourite
space with us
28 Vaastu Speak: Here's the best way to do up your children's room
30 Tech Talk: Home automation redefined!
32 Trend Turner: Work from home with these useful tips
12
34 Health Quote: What's your IAQ? Find out...
44 Space Wise: TVH Consumer Products has something for everyone
INDUSTRY FOCUS
18 Project of the Month: Living Spaces by
S & P Foundation
22 Developer of the Month: Mehul Doshi
36 Policy Police: What does RERA mean to you?
38 Expert Speak: All your queries... answered!
40 Smart Money: An interview with Mathew
Joseph, Regional Head–HDFC awaits
42 Vanakkam India: An expat's guide to the real
estate industry in India
32 40
NEWS YOU CAN USE
8 Realty Bytes: A quick update from the industry
46 Chennai's Top 100 Projects: Choose the one
that best suits your needs
57 Cityscape: Chennai's residential and
commercial scene in detail
60 Handy Guide: Looking for a handy man? Here
are some tips!
26 62 City Musing: Dine and Spend in style

Realty Bytes
e-Stamping system per cubic foot for plastering sand. The ASK invests ` 50 crore in
severe shortage has led to hoarding of
launched in TamilNadu sand, making its availability very difficult
Real Value Group
The Stock Holding Corporation of and forcing builders to slowdown their ASK Real Estate Special Opportunities
India (SHCIL) has recently launched projects. fund, a realty-focused private equity
e-Stamping system in Tamil Nadu, which With Chennai requiring about 10,000 loads fund has invested ` 50 crore in a special
will replace the use of physical stamps. (200,000 tons of sand) every day, there is purpose vehicle (company) floated
With e-Stamping, it is now convenient a serious need for developers to look at by Chennai-based Real Value Group.
for anyone to pay stamp duty online alternative options to sand as construction The money would be used to develop
without going through the hassles of cannot happen without this basic material. a residential project in Kottivakkam in
obtaining a stamp paper or franking a Nature takes about 600 years to convert Chennai, which will see Real Value Group
document. The system is secure and rock into 1-inch of sand and with large develop 6.75 lakh square feet of space on
reliable, and ensures that the stamp duty scale construction happening all year a plot of 4.32 acre. The project is located
reaches the government safely, doing round, there is simply no sand to mine. close to the Taramani Railway Station, in
away with the risks associated with the The prices of cement and steel have the vicinity of the IT corridor on OMR and
physical stamping of documents. The also sky-rocketed in the last year, putting entertainment corridor on ECR. Founded
highlight of using e-Stamping is that it is builder’s margins under severe pressure. in 1995, Real Value Promoters has
available at no extra cost; you pay only completed over 7 million square feet of
the amount of stamp paper required; a construction and have another 6.5 million
single e-Stamp can be purchased for in the pipeline. The company currently
any denomination; third party verification has three on-going projects – Neel Kamal
of e-Stamp certificate is possible; and and Sai Surya on OMR, and Sai Skanda
it can be purchased by paying cash / in Velacherry – with upcoming projects in
Demand Draft, RTGS or NEFT. This facility Oragadam and Greenways Road.
is now available throughout Chennai,
Kanchipuram and Thiruvallur districts, TVS Group to drive into
through SHCIL and select branches 'low cost housing'
of Indian Bank, Corporation Bank and
Central Bank. For further information, visit The Chennai-headquartered automotive
www.shcilestamp.com. group, TVS is all set to drive into the real
estate sector with the planned launch
Caught in a 'sand storm' of their low-cost housing project near
Sriperumbudur at Nanmangalam, about
Chennai is facing severe shortage of 50 km from Chennai. TVH Housing, a
construction sand leading to the price of company launched in March 2010, will
sand going up by 3.5 times from develop 28 acres in Nanmangalam, which
` 15 per cubic feet to over ` 45 per will house over 2,500 apartments. The key
cubic feet. When the High Court banned aspect of this township project involves
the use of machines for sand quarrying development of 1 BHK apartments in the
operations, the prices went up as high as size range of 385–500 sqft to be priced
` 60 per cubic feet. The closure of sand between ` 7 and ` 10 lakh. The project is
quarries in the neighbouring districts of scheduled to be launched in the second
Kancheepuram, Tiruvellore, Vellore and half of the year.
Villupuram meant that sand had to be Though there is a huge opportunity for ‘low
transported from as far as Tiruchi, which cost budget apartments’, the concept has
is 330 km from Chennai. Wastage, over- seen little interest from developers, who
sized particles and heavy moisture content feel that there is very little margin for them
have added to the price, which soars at Sa(n)d Story: Chennai's running to operate within this sphere, given the
` 60 per cubic foot for concrete and ` 80 out of sand, and quickly!

Realty Bytes
rapid rise in cost of construction material Tamil Nadu is likely to attract investments 2nd airport in store
and interest rates. Another challenge is worth ` 20,000 crore in the next six
The Union Civil Aviation Ministry and
that the low income segment is not covered months with nearly 15 companies —
state-run Airports Authority of India (AAI)
by traditional home loan institutions, which many of them on the ‘Fortune 500' list
held a meeting recently to discuss the
affect their affordability of buying a home of — expected to announce their plans to
possible construction of a second airport in
their own. set up manufacturing facilities, according
Sriperumbudur. The Civil Aviation Ministry
to senior State Government official,
sources have estimated that the current
Raking in the
Velmurugan, Executive Vice-Chairman,
Chennai airport could be saturated by
money: Guidance Bureau, Industries Department,
` 11,000 crore 2017 and pointed out that parallel runways
Government of Tamil Nadu.
and counting... cannot be constructed at this venue. The
According to a recent report released
Government of Tamil Nadu has identified
by the RBI, Tamil Nadu is the third
about 4,820 acres in Sriperumbudur for
largest recipient of FDI. Of this planned
this project of which nearly 2,000 acres
investment, Chennai is likely to attract well
have already been acquired. It takes 3–4
over ` 11,000 crore, which will generate
years for a green field airport to be built
an additional employment for more than
from scratch, which means that for the new
48,000 people in the next 12 months.
airport to be ready by 2017, work would
Currently ranked third in the list of the
have to begin by 2014. Chennai will join
country's ‘Most Competitive Cities’ behind
the growing number of global cities with
New Delhi and Mumbai, Chennai has
two airports, and is expected to provide
` 11,000 crore investment slipped one position due to the power
employment for over 3,400 people directly,
shortage which has plagued the state for
in the next 6 months and another 5,000, indirectly.
the last 10 months.
Vertica @ Gopalapuram Phase II Launch of Isha Yara

New Launches
Chennai-based Landmark Constructions has launched Isha Homes has opened Phase II bookings for their
a premium luxury apartment project Vertica on Peter’s project Isha Yara in Medavakkam. The project, spread
Road in Gopalapuram, an up-market residential location across 5.91 acres, will have 444 budget apartments
in Chennai. Vertica, to be developed at an investment of with a total built up area of 4.28 lakh sqft. The project
` 261 crore, will house 82 luxury apartments spread over comprises 1, 2 and 3 BHK apartments of size starting
17 floors and will have 64 2,350 sqft 3-BHK apartments; from 531 sqft to 1211 sqft. Phase II will have a total of
four 2,000 sqft 2-BHK apartments and uber luxury 156 apartments consisting of 80 single, 28 double and
fourteen 4-BHK duplex apartments at 4,300 sqft. Prices 48 three bedroom apartments. Prices start from
start from ` 2.89 crore. ` 19 lakh.
Vertica is packed with lifestyle amenities including an Isha Yara will have lifestyle amenities like a clubhouse,
infinity pool, spa, gym, mini-theatre, indoor games room, gym, indoor games, children’s play area, landscaped
bar and a party hall. It also features a fully-mechanised gardens, power backup and 24/7 security. Phase I of this
4-stack state-of-the-art automated car parking facility project consisting of 288 apartments is fully sold out and
capable of accommodating over 200 cars. should be ready for handover by December 2011.
The project is approved for bank loans with leading Future projects from this brand's stable include a budget
financial institutions and should be completed by apartment complex in Tambaram and gated community
November 2013. villas in Coimbatore.
For more details, visit www.ourlandmarks.com. For more details, visit www.ishahomes.com.

12
What's Hot
Chennai 2020
In the first issue, Chennairealty.biz gives you a clear, researched and detailed analysis of the city's real
estate activity and what we can expect by the turn of 2020...
R
eal estate activity represents a The demand for real estate properties, price dynamics. Movement in prices of real
key engine of economic growth. particularly for private homes, depend estate, particularly residential housing, is
Residential as well as commercial primarily on the earning capacity of the not only essential to the macro economy,
properties form an important part of asset prospective owner as also his borrowing but also to individual households.
formation; foremost it satisfies one of capacity, interest rate structure for property Internationally, construction of housing
man’s basic requirement. It also provides loans and taxation policies. price index is an established practice
an assured stream of return and utility amongst developed countries.
value to the owner of the property by way Rise and fall Though the residential property market in
of rental earning, durable consumption in Lack of transparency in the residential India is very active, there are no organised
the form of shelter and other residential/ property market transaction, absence of markets which estimate the demand/supply
commercial services, as well as being a a single centralised regulator in a vast forces, and track price movements.
collateral for availing loans. Residential country like India and limited availability NHB RESIDEX is a pioneering attempt by
and commercial property accounts for a of price information pose important National Housing Bank (NHB) to measure
sizable share of the wealth of a nation. challenges in keeping track of real estate residential prices in India. The launch of
City-wise Price Rise Index

What's Hot
India's Most Competitive Cities

INFRASTRUCTURE DEMAND CONDITIONS
Competiti Intensity
Competiti Income
veness Communi Administr Human Demograp &
veness City Financial Physical Innovation Score Rank Distributi Score Rank
Rank cation ative Capacity hics Diversity
Rank 2010 on
2011 of Firms
1 1 Delhi 74.51 69.82 90.41 70.59 74.2 77.17 76.12 1 84.05 81.83 82.94 1 102.10
2 3 Mumbai 79.59 60.87 100.94 64.75 68.13 73.63 74.65 2 83.01 78.22 80.62 2 94.85
3 2 Chennai 63.3 53.63 90.94 68.11 78.25 74.27 71.42 3 86.77 74.14 80.46 3 94.85
4 4 Bangalore 67.18 59.08 75.00 69.32 56.88 65.76 65.54 4 66.14 62.11 64.13 5 93.30
5 7 Ahmedabad 64.05 56.53 62.49 62.10 69.67 63.32 63.03 5 78.60 64.79 71.70 4 64.21
6 6 Hyderabad 60.74 62.13 67.96 59.08 54.02 64.33 61.38 6 63.56 59.39 61.48 8 69.30
7 5 Kolkata 60.38 56.91 63.70 65.78 56.2 62.04 60.84 7 59.26 58.46 58.86 9 57.09
8 8 Pune 59.40 56.72 53.78 58.36 54.51 64.38 57.86 8 62.46 62.43 62.45 7 66.45
9 13 Nagpur 58.13 55.27 53.08 58.29 51.72 56.37 55.48 9 57.95 55.7 56.83 12 51.11
10 9 Jaipur 57.33 53.16 57.51 60.26 52.08 52.1 55.41 10 59.46 55.65 57.56 11 52.10
11 11 Chandigarh 58.40 53.11 54.28 58.12 53.27 55.23 55.40 11 50.93 57.25 54.09 14 52.53
12 10 Surat 59.42 55.22 52.13 54.77 54.97 53.63 55.02 12 65.87 60.07 62.97 6 50.89
13 12 Gurgoan 56.80 45.93 53.84 55.99 50.86 63.25 54.45 13 50.14 50.61 50.38 15 61.88
14 15 Coimbatore 58.11 48.20 53.27 55.87 51.87 51.87 53.20 14 60.19 53.17 56.68 13 51.52
15 14 Indore 52.32 46.60 53.11 59.29 53.54 54.26 53.19 15 63.09 53.88 58.49 10 52.30
NHB RESIDEX is an effort to capture the crashed by as much as 20–40 percent in larger developers to shift their focus to the
trend of price movement in residential cities like Mumbai, New Delhi, Bengaluru suburbs which are now witnessing frensied
properties on a comprehensive scale and Hyderabad, the corresponding fall in activity. The continuing growth of the IT
across fifteen cities in India. Unlike other Chennai was less than 10 percent. This sector coupled with rise in manufacturing
countries, India with its vast and diverse fact coupled with continuing demand drove activities has given way to growth along
economy, states and population spread, a lot of real estate developers from outside select corridors like OMR, Sriperumbudur
presents a case where the escalation and Chennai to flock to the city in the last 3-4 and Oragadam.
fall of property prices largely depends on years. This sudden influx of developers like Land prices have spiraled in the last few
various local conditions. Any steep fall in Hiranandani, Puravankara, Mantri, Tata years, making independent houses and
prices can at best be localised bubbles and Housing, IVRCL, Embassy and several bungalows unattainable by an average
never at a national level. others has changed Chennai’s reputation home buyer. This has given way to
of being a relatively 'sober' market. community living by way of ‘apartment
Becoming a Global City culture’, which has well and truly matured
Chennai will be home to 8.75 lakh white- Up the ladder... over the last few years. Apartments offer
collar jobs, a state-of-the-art international Chennai was a typically a medium-rise, the best of amenities like round-the-
airport, 142 km expressway, sprawling high-density city, except for a few high-rise clock security, club house, swimming
financial city, sports city, medical city, a developments that dotted the skyline, with pool, children’s play area, gym and
global integrated satellite townships spread most apartment complexes having only 6 landscaped gardens, making it possible
over 2,433 hectare area, MRTS stretching or 7 stories. Today, developers are not only for home owners to enjoy a good quality
over 45 km by 2015 and another 55 km by coming up with buildings that extend up to of life. There has also been an upsurge
2020, 19 flyovers and underpasses and 30 floors, but are also charging more ‘Floor with demand for second homes going
over 15 BRTS corridor by 2020. Rise Charges’. Until 2005, the trend was up considerably because of the high
Chennai is a classic example, where the the reverse with lower floors commanding disposable income in the hands of the
rise and fall of property prices have always premium prices and higher floor selling at a younger generation.
been moderate. As compared to other discounted rate. Unfortunately the growth in the residential
cities, Chennai is considered a slow market Competition among developers has also sector across the suburbs has neither
where the majority of buying is done by become severe with many new entrants been uniform nor balanced. The growth in
end-users and not investors, as is the case in the Chennai real estate scene over social infrastructure like schools, hospitals,
with other cities. Even during the recent the last two years. The steep escalation shopping and entertainment options has
economic recession, while property prices of prices within the city has forced the not kept pace with the residential growth

What's Hot
COMPETITION INSTITUTIONAL INFRASTRUCTURE

Intensity
& Business Supply
Institutio As far as realty prices
Rank Score Rank nal Score Rank
Diversity Incentives Chain go, Chennai has
Support
of Firms
1 102.10 92.07 97.09 1 88.60 73.20 80.90 1 accounted for the
2 94.85 89.35 92.10 3 89.13 61.20 75.17 3
3 94.85 90.50 92.68 2 94.30 60.17 77.24 2
maximum price rise
5 93.30 68.54 80.92 4 95.39 55.32 75.36 4 among top 15 cities
4 64.21 75.54 69.88 5 68.99 56.05 62.52 5
8 69.30 63.99 66.65 6 70.38 53.78 62.08 6 over the last two
9 57.09 59.16 58.13 8 59.34 49.1 54.22 11
7 66.45 56.40 61.43 7 62.19 49.49 55.84 9
years. Land prices
12 51.11 53.73 52.42 12 57.21 53.98 55.60 10 within CMDA limits
11 52.10 55.25 53.68 10 52.84 46.75 49.80 14
14 52.53 53.93 53.23 11 50.80 45.78 48.29 15 have sky-rocketed
6 50.89 51.79 51.34 15 65.09 47.18 56.14 8 making homes
15 61.88 51.8 56.84 9 58.73 54.23 56.48 7
13 51.52 52.17 51.85 14 51.94 50.17 51.06 13 within city extremely
10 52.30 52.29 52.30 13 51.86 50.83 51.35 12
expensive
in the city’s suburbs, forcing many people
to still commute long distances for work and
other basic requirements.
Precious little aide

The government has done very little Sr. No. Item 2001 2011 2021*
to help growth in the peripheral areas
resulting in tremendous pressure on existing 1 Population
infrastructure like roads, power, water, etc.
The lack of planned development and x CMDA Limits 4.34 million 4.68 million 5.51 million
zoning meant the continuation of 'Mixed
Development Concept' which in fact prevents
x Greater Chennai 6.52 million 7.84 million 9.75 million
the city from growing in an organised manner Population Density /
and be in a position to tackle growing rapid
urbanisation. Though the Second Master 2 Hect. 247 276 335
Plan of Chennai Metropolitan Development 3 Area – CMA*
Authority was released in 2008 with a vision
for making Chennai ready for the year x Chennai 154 sq.kms 176 sq.kms 363 sq.kms
2026, it still needs to be seen how far the
government can implement a comprehensive x Tiruvallur 386 sq.kms 637 sq.kms 859 sq.kms
land use and development plan in the next
few years. x Kanchipuram 194 sq.kms 376 sq.kms 508 sq.kms
Already, a lack of vision has resulted in a Employment
severe power crisis across the state and the
day when such a crisis will spread to other 4 Projections
g - 36.28 lacs 50.65 lacs
critical services like water, sanitation and 5 CMA 15.85 lacs 19.96 lacs 31.64 lacs
transportation is not far away.
6 No. of Schools - 3509 4428
The finer details
7 No. of Hospital Beds - 18400 26800
With the projected population of the extended

What's Hot
CMA (Chennai Metropolitan Area) by 2021

reaching around 15.26 million (5.51 million
A look at how property prices in Chennai would
within CMA and 9.75 million in suburbs) shape up by the year 2020:
from its current level of 12.48 million,
the demand for housing in Chennai is
expected to be around 31.64 lakh units by
Location Avg Capital Value 2 BHK (COST / sQft)
2021, from its current 19.96 lakh units. This
makes a case for sustainable growth of the 2000 2011 2020
real estate sector in Chennai over the next
decade. Of this 31.64 lakh unit, almost 59 ADYAR 2,000 12,500 64,500
percent of the demand is for 2 BHK and
above. ALWARPET 2,100 13,000 67,080
As far as realty prices go, Chennai has
egmore 1,800 8,500 43,860
accounted for the maximum price rise
among top 15 cities over the last two BOAT CLUB 4,000 25,000 1,29,000
years. Land prices within CMDA limits have
sky-rocketed making homes within city MYLAPORE 2,000 12,000 61,920
extremely expensive.
If you had invested in a ` 25 lakh THIRUVANMIYUR 1,600 11,000 56,760
apartment within Chennai CMDA limits in
ANNA NAGAR 1,650 10,000 51,600
2001, the good news is that your house
has appreciated over 200 percent and is KILPAUK 1,650 10,000 51,600
well worth over ` 75 lakh. For a plot of
land, the appreciation is even more - to the MOGAPPAIR 800 5,000 27,000
tune of about 300 percent.
CHROMEPET 900 4,700 25,380
Looking ahead
MANAPAKKAM 800 4,500 24,300
Going forward, the peripheral areas
surrounding Chennai, will attract more NANGANALLUR 850 4,300 23,220
and more developers and home buyers
as the proposed MRTS and ORR (Outer T NAGAR 2,500 12,000 61,920
Ring Road) will make it easier for people
VELACHERI 850 6,500 35,100
to commute to the city using public
transportation rather than personal NUNGAMBAKKAM 2,500 14,000 72,240
vehicles.
Chennai has what it takes to make a global VALASARAWALKAM 850 5,500 29,700
metropolis provided the government takes
a unanimous view on shaping the city to PUZHAL NA 1,800 9,288
meet the population demands by 2020 and
PAMMAL NA 2,700 15,255
partners private sector in an equitable and
transparent manner to translate this vision TIRUVALLUR NA 2,100 11,865
of making Chennai a ‘global city’.
It is also important for the private sector to SIRUSERI NA 3,500 20,125
take on the responsibility of looking beyond
PADUR NA 2,700 15,525
just profits to ensure the larger interests of
the citizens of Chennai is kept in mind in KELAMBAKKAM NA 2,500 14,375
the years to come.
SRIPERUMBUDUR NA 2,100 11,865
VANDALUR NA 2,500 14,125
ORAGADAM NA 2,000 11,300

Project of the month
Luxury Location is our biggest advantage;
‘Living
living spaces is just 6 km from
Anna Nagar and is well-connected
to major roads and the railway
network in the area, making it
Spaces’
easy for the residents to commute
to the city and back. In addition,
the project has been approved
by all major banks and financial
S & P Foundation is all set to change the face of urban luxury
institutions for home loans
living with its latest project offering – Living Spaces

S
pread across 80 acres, just a 10 blocks and consists of 1, 2 as well as 3 loans.” Located close to Poonamallee High
minutes driving distance from Anna BHK apartments in sizes starting from Road, its proximity to prime industrial and
Nagar, is an up market residential 555 to 1,790 sqft. With 67 percent open commercial areas like Sriperumbudur,
locale in Chennai, aptly called Living area, the project will have vast landscaped Ambattur, Anna Nagar and Nelson
Spaces. To be developed over 5 years gardens and open spaces, making it a Manickam Road reduces the time spent on
at an investment of over ` 11,500 crore, truly ‘green project’. The township will offer commuting and hence more ‘family time’.
Living Spaces will house a whopping 2,800 a variety of social amenities that would The proposed Metro Rail Corridor near
apartments and 300 villas on completion! include a world class club house, party hall, Anna Nagar and elevated expressway to
Designed as a self-contained residential air-conditioned gym, library and swimming the city from Maduravoyal will further add
township with modern infrastructure and pool, besides indoor and outdoor gaming to the project’s connectivity to the arterial
social amenities catering to a diverse areas. The project has scope for many parts of the city.
community to meet their individual tastes, other amenities including water purification
Living Spaces will have its own commercial
lifestyles and budgets, world class and treatment plants, 24/7 security, power
and retail spaces with 50,000 sqft dedicated
architects, have incorporated the best of back up, piped gas, servant quarters, Wi-Fi
to departmental stores, restaurants, coffee
modern-contemporary architecture and internet access, etc.
shops, salons, health centres and ATMs.
traditional values with specifications that With a land bank of over 370 acres in
Great location
match the best in the industry. and around Chennai valued over ` 2,000
Raajes Parekh, Vice-President, Marketing,
crore, S & P will soon launch two more
Green finger S & P Foundation is very optimistic about
residential townships - one in Mogappair
S Prabakar, Managing Director, S & P the success of this project, “Location is our
West and another near Tambaram. The
Foundation lets us in on his latest pet biggest advantage; Living Spaces is just 6
second project in Mogappair is scheduled
project: “Living Spaces will be one of the km from Anna Nagar and is well-connected
to be developed over 18 acres and will be a
largest integrated developments undertaken to a major road and the railway network in
20-floor high rise apartment complex. The
in Chennai and is also our largest offering the area, making it easy for the residents to
Tambaram project will be developed over
so far.” Phase I of the project is scheduled commute to the city and back. In addition,
150 acres and will house more than 5,000
to have 592 apartments spread over 19 the project has been approved by all major
apartments and villas.
banks and financial institutions for home

Chennai Realty I June 2011 19
Category Luxury Township

Location Mogappair West Extn
(Ayanambakkam)
Land Extent 80 acres
Phase I Area 10.91 acres
No. of Units 592 apartments across 19 blocks
(1, 2 and 3 BHK)
Structure Stilt + 4 floors
Size of Apartments 555 – 1,790 sft
Unit Cost ` 18 – 60 lakh
Amenities • 67% open space
• Club house
• Swimming pool
• 50,000 sqft retail space S & P Foundation Private Limited
• 24/7 security AMC Enclave, 3rd Cross Street, 6, Sterling Road,
• Back-up power Chennai – 600 034.
Completion Date November 2012 Contact: 044-66006600, www.sandp.co.in.

Developer of the month
30 and still
GOING strong!
Doshi Housing celebrates a milestone in the real estate industry. Here's a look
at its past and into the future

innovative use of technology and new-
W
hile most developers in Chennai
are only focused on looking age construction material, wherever the
into the future, Doshi Housing
Our Sri Mahalakshmi finances permit.
is taking a step back by reflecting on their Apartments in As Doshi Housing gears up for yet
journey so far, as they celebrate their another busy year ahead with three
30th anniversary. Executive Director, Adambakkam was projects in Chennai - a 11-acre residential
Mehul Joshi, who has spent over 15 years development consisting of over 1,234
the single largest apartments in Karapakkam on OMR,
growing Doshi Housing from a small-time
builder to a top-ranked developer with a apartment project back a 7-acre Villa project at Vengaivasal,
clientele of over 2,500 satisfied customers off Tambaram-Velachery Road and a
today, is all smiles, “We have always in 1995, with over 325 5-acre high-rise project at Vanagaram, off
been a strong player in the residential apartments. Today, Poonamalle High Road - it is clear that
sector and continue to focus our strength the company is headed for growth and
predominantly on meeting the residential high-rise living has will continue to generate prosperity for its
demands of our customers.” customers, employees and construction
well and truly arrived in partners.
A walk down memory lane
Chennai!
It all began when Mehul’s father and
Founder of Doshi Housing, Harshad
Doshi was looking a for space to set up
his watch showroom on Mount Road
(Anna Salai). An accidental break into Keeping up with the times
the real estate industry turned into the According to Mehul, the construction
proverbial 'goose that lays the golden egg' and real estate sector are one of the
and they have never looked back since! toughest businesses to be in today.
The company soon moved from a fringe While other sectors have been more
player to becoming one of Chennai’s or liberalised, the real estate sector
leading real estate developer with over continues to grapple with bureaucratic
3 million square feet of construction delays, archaic policies and
under their belt and another million in the procedures which have failed to keep
pipeline. up with times, resulting in creating an
Always willing push the boundaries for artificial scarcity for properties. “Why
their clients, one of the many attributes to does a builder need to get 15 or more
Doshi’s success over the last 30 years is NOCs from independent authorities
persistence. “From the beginning, customer even before applying for approval from
service and transparency has been the key CMDA?” laments Mehul. Because of
attributes to our continued success,” these pot-holes in the process, it takes
says Mehul. anywhere between 6 months to 2
years for a project to get the approval
Pioneers in affordable mass of the CMDA in Chennai while the
housing same takes only 90-120 days in other
Doshi was one of the early entrants into developed states like Maharashtra,
the mass affordable apartment housing Karnataka, Andhra Pradesh and
in Chennai. “We really had a tough time Gujarat.
convincing people about the 'apartment' In fact, such delays largely contribute
culture. Our Sri Mahalakshmi Apartments to a mis-match in the demand
in Adambakkam was the single largest and supply situation in Chennai,
apartment project back in 1995, with over resulting in a sharp rise of property
325 apartments. Today, high-rise living prices. Grappling with all these
has well and truly arrived in Chennai!” problems, Doshi Housing has to be
he exclaims. complimented for finding other ways
to improve their offerings through

government authorities could be extended, making it possible for

from as much as six developers to offer a 2 BHK apartment at
months to two years less than ` 10 lakh. Faster approvals and
before a project takes nominal taxation will help the real estate
off, which directly adds sector grow.
to the cost of the land
that remains idle till the What is your take on the proposed
project is launched. Two: RERA (Real Estate Regulatory
the cost of construction Authority - Ref: Page 36)? Will
material has sky- it help the industry become
rocketed in the last year. transparent and liable?
Today, our average Even without RERA, our industry is highly
construction is around regulated. We feel the proposed RERA
` 1,600 per sqft for a should also apply for government agencies
regular apartment. involved in providing approvals and not just
be biased against developers.
Of late, there has
been a spurt of But don’t you feel there is an urgent
projects being need to regularise the industry,
launched before given the fact that there are no entry
In a conversation with Chennai Realty.
getting the necessary barriers or standards?
biz, Mehul Doshi, Executive Director,
approvals in place. How does it affect You are absolutely right in pointing this out.
Doshi Housing shares his views on the
the buyer and what precautions can While regulation is very much required and
real estate scenario and prospects for
they take to minimise risks? necessary, it should not defeat the purpose
Chennai. Excerpts from the interview -
The buyer is taking a huge risk by investing which is to make the industry transparent
How would you describe the overall in a project without CMDA approval as and liable in the best interests of the
real estate scenario in Chennai? there is no guarantee that he will eventually customer. Organisations like CREDAI have
The Chennai market has matured over get what he paid for. In addition, there made it mandatory for their members to
the last few years with people finding would be unforeseen delays resulting in adhere to a strict Code of Conduct which
more comfort living in apartments than money blockage. Our advice to customers goes a long way in making it obligatory
independent houses. Of course, the rising would be to invest in projects that have for all developers to adhere to certain
land prices has also contributed to this duly received an approval from the CMDA corporate governance standards.
change in attitude. Chennai has always as a measure of safety, and to look at
projects where ground level construction It seems that while developers
been an end-user market with the demand
has already started. from Mumbai, Delhi, Bengaluru
for homes coming from actual buyers and
and even Hyderabad have come to
not too much of speculative buying. The
Most city-based properties are Chennai, there are very few Chennai
renewed IT growth, coupled with growth
unaffordable today, is it possible developers who have gone to those
in manufacturing will continue to push the
to deliver a 2-BHK (900 sqft) at less cities. Why?
demand for residential units within and
than ` 25 lakh? One fact could be that most of the
around Chennai for the next 2 years. There
is a situation of oversupply in terms of It is possible if government comes forward companies that have come to Chennai
commercial and IT space right now, but the to support developers with land banks at are listed entities, flush with funds and are
current stock is likely to be absorbed over reasonable prices. Sometime back, there aggressive in acquiring land banks at high
the next two years. was an initiative, where the Tamil Nadu prices, while Chennai developers have been
Housing Board invited developers to get more cautious on land banking.
Why, in your opionion, have involved in joint development on a Public-
property prices gone up by as much Private Partnership but it never took off as Finally, what does Mehul Doshi enjoy
as 30 percent in the last year in the the policies and procedures were not clear. most about this industry?
city? In fact, developers have suggested that I was inducted quite early into this business
The property prices have gone up on the government should develop ‘Special and have always fancied it as it gives me the
account of two issues. One: the long delay Residential Zones’ on the lines of Special satisfaction of catering to one of the basic
in getting approvals from CMDA and other Economic Zones, where tax benefits demands of humanity.

PEARL VALLEY
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Comfort Zone
Keeping it Simple!
Ace photographer Sharad Haksar and his wife, jewellery designer Ratika, tell us why their dining and
living room is their favourite place in the house - Mandodari
dash of mint green here and there that
gives the rooms a peppy feel. Ratika also
has a few special pieces of artifacts that
add the necessary hint of colour to the
plain background. Traditional pottery from
Holland, candles, specialised lights and
other small curios give the rooms an aes-
thetic and classy feel.
Both artists in their own right, imprints and
artwork play a very important role in their
lives. So besides interesting light fittings,
the couple also spends a lot of time going
through artwork by notable artists across
the world when they travel, like prints of
Vincent Van Gogh's works and more. But,
the most colourful feature of this couple's
home is the amazing flower arrangements
that have been placed around the rooms.
Taking care of these flowers is Ratika's fa-
vourite hobby, “I love flower arrangements!
Flowers are beautiful and the art of arrang-
ing them is very therapeutic. I thoroughly
enjoy decorating the house with flowers.”
While the concept of going 'all white' was
A
walk around Sharad and Ratika Hak and is very interested in light as a concept.
sar's home gives you a quick lesson So, if you ask me, I would say the highlight Sharad's, Ratika took it upon herself to
into how to live a clutter-free life! of our rooms is the wonderful lighting. Es- organise the whole place in accordance
“Unless something is aboslutely neces- pecially in the evening, all the rooms look with the theme. “There are many fabulous
sary, we don't have it in our home!” echo cozy and very comfortable,” she explains, stores these days where you can pick up
the duo. In fact, when they go out shop- noticing our curiosity. just about anything you fancy, but I find that
ping, their main objective is to ensure that At at time when most people are adding East India Furniture in RA Puram has some
anything they buy is useful and minimalis- bold colours to their interiors to brighten it of the best furniture on offer. In fact, most
tic. Ratika's passion for embellishment and up, the Haksars are happy to go with the of our home is done up with their stuff!”
jewellery compliments Sharad's new-found white look. Why all-white, we wonder... “All reveals Ratika.
love for interior design and together, they of us at home have a very hectic lifestyle, And though they in love with their 'white'
have a home that is truly warm, welcoming and when we come back in the evening, home, the Haksars are not in any way old-
and comforting. we just want to relax. White has a calming fashioned or clueless about the goings on
“We spend most of our time in the living and peaceful effect, so we decided to go in home and interior trends. “Both of us like
and dining rooms,” smiles Ratika, as she with it. It has worked well because invari- to keep our home contemporary, but are
shows us around the house. The fascinat- ably, we spend most of our time between also keen on having a lot of space around
ing lights that have been placed around the dining and living rooms!” Ratika the house. So, striking a balance between
the rooms catch our fancy. “Sharad, being exclaims. the two has been the key,” smiles Ratika,
a photographer, loves to play with lighting So while all their walls remain white, the adding that making all their living areas

SHOPPER'S GUIDE
“We love to shop in Singapore
because their stuff is extremely
trendy and contemporary. Of
course, the best things in the
business are made in Europe,
but it's difficult to travel with
it. I would say London would
be my second choice for places
to shop for home accessories
and contemporary artifacts.”
look spacious and comfortable is their main mo-

tive. “For instance, we have a glass centre-table in
our living room. Also, our windows and curtains are
white to make the whole house spacious,” says
this jewellery designer.
For two people who see so much colour and
drama in their respective professional areas of
work, it's no surprise that they are keen on keeping
it simple...

Vaastu Speak
No Child’s
Play!
W
hile there are multiple choices
for children’s room décor, the
knowledge of Vaasthu Shastra
can go a long way in enhancing your
child’s creative thinking and good health.
Following some of these simple principles,
can help your child grow in a positive
environment and aide in their health,
education and well-being.
Westward Bound: By far, west is best
direction for a child’s room. If you have a
daughter, the room should face the north-
west direction, whereas boy’s room can be
in northern or eastern part of the house.
Caution: Avoid the south-west direction.
Furniture: The bed should be located
in south-west portion of the room with
the head in south or east direction. Avoid
doors exactly opposite the bed. Almirahs
and cabinets should be placed facing
south or west. Position the furniture a few
inches away from the walls, as it saves the
positive energies of body and mind.
TV, computer and music systems: It
is recommended to place the TV or music
systems in north-west corner and the
computer in south-east corner of the room.
Study table: The study table should be
placed in such a way that the child faces
east, north and north-east while studying.
It is said to boosts both memory and
concentration and improve creativity. Books
Designing a children’s room is no more child’s play. Parents are should ideally be kept facing south-west,
required to keep in mind the changing tastes of their children, so that south or west. Also remember to avoid
they are not only made to feel comfortable, but also grow up smart clutter.
and healthy – Suresh, Subhavaasthu Lights: Fix your lights on the south wall
and south-east corner in children’s room as

Vaastu Speak
it is good for health and generates positive

energy. Yellow or spot lights create mental Children's Room
strain so avoid using them. Location What is Vaasthu
Colour scheme: As we all know, N NE E Shaastra?
colours are directly related to the mood.. Vaasthu Shastra is based on the
Green or yellow is ideally recommended interplay of the five elements of
for children’s room as it gives freshness,
Girls'Room Boy's Room nature (Wind, Water, Earth, Fire,
peace and increases brain power. Avoid
using dark colours. Space) and the four directions
(East, West, North, South).
Doors and windows: The door should NW SE
Following some of these principles
be in the west or the north. Windows in the
east and north of the room are beneficial. will benefit the occupants of such
Excellent for
Kids Room
Avoid space to reap benefit from the
natural flow of energy.
W SW S

Tech Talk
Smart Homes
The Next Big Thing!
You come back home from work and would like to relax on your couch in front of the television. Wouldn’t you
like it if the air-conditioner was already turned on; your favorite music album playing on loop? No, we not
talking about employing an army of servants to do this for you! Just push a button and make all this happen…
I
t all started with the invention of the TV
remote, which made tasks like choosing
Home Cinema Projectors
channels and adjusting volume much
Home Cinema Projectors offer the ultimate
easier, without moving from your couch.
way to experience larger-than-life movies and
And, that was the beginning of the home
sporting events in the comfort of your home.
automation revolution!
Having embraced the advancement in
technology, our lives have become much
easier than ever before. We are already
using some simple forms of automation
like, remote controls, garage door openers, Roomba 570
security alarms, and door video phones. The best robotic vacuum yet…
Now, with the launch of many new gadgets
in the market, home automation is just a
swipe of the credit card away!
Luxury or necessity?
For those who follow cutting-edge
NANO O2 Advanced Air Purifier
technology news, it's no secret that home
automation technology is becoming hugely Exciting new technology — patented
popular. ‘Smart homes’ are not just cool, Photocatalytic Oxidation using
but also offer an immense amount of nanotechnology.
functionality that cannot be matched by
homes that do not incorporate automation. Home Massage Chair
Most people would agree that home After a rough day, come home
automation is here to stay, and that it will to a gentle soothing massage.
only become more advanced as time goes
on. The following are some of the coolest
trends in home automation technology for
your home…
7-day Weather Forecaster

Slingbox by SlingMedia
This 7-Day Weather forecaster gives you
Cool gadget that lets you to watch your the tools to be prepared all week for the
home TV via the Internet on your computer weather conditions ahead
or cell phone!

Tech Talk
Philips 9-inch Digital

Picture Frame
Enjoy zoom-and-pan slide shows on 9-inch
photo frame. You can interchange with
metal, black,
white or red frames.
INSTEON Holiday
Remote Wireless Kit Wireless Lighting
INSTEON Wireless Remote makes it look Starter Kit
like you are at home. Automated home control with wireless
home-control networking technology.

Trend Turner
Work from Home!

Create a comfortable and productive office at home. Here’s how
W
hether it is used full-time, or it
– Kirsten Silven
is just a place that is designed
to handle business in the
evenings or over weekends, a home-office
can provide a quiet place to work, where
it is easy to concentrate and take care
of important matters. Organisation is the
key to any successful home-office design,
as is location. Regardless of the size of
the home or apartment, try to choose
a location that lends itself to quiet, and
design adequate storage solutions to keep
clutter to a minimum.
Home offices should be located in a place
that is conducive to getting work done,
which typically means finding a quiet spot
without too many distractions. This can be
challenging in small homes where space is
at a premium, but it is not impossible. If the
home is too small to consider dedicating
a private room, choose a corner that is
located in an area that is as far away as
possible from the main living spaces, such
as a bedroom.
There are several ways to create an
illusion of separation for the office if it
must share a space, including the use
of decorative screens, floor coverings
and careful furniture placement to
demarcate different areas within a larger
room. Decorartive screens can be used
to function as a makeshift wall, while
providing an opportunity to express
one's personal style and complement the
room's existing decor. Also, by placing
other furniture in a grouping that has a
decorative rug or other floor covering as
a base, it will be obvious that the room is
serving dual functions.
Regardless of where the home-office is
located, it is essential to choose furniture
and storage pieces wisely. If the furniture
are not both functional and comfortable,

they are likely go unused, so look for a
desk and chair that are ergonomically
designed and come equipped with smart
storage options.
Especially when space is minimal, having
adequate room for storage can make all
the difference in keeping things organised.
Choose wall shelves, under-desk storage
bins in various sizes and bench seating
with storage inside to maximise the square
footage that is available. L-shaped desks
are handy if it will be necessary to work on
several things at once, and they come in a
variety of sizes that will fit neatly into a corner.
When setting up the perfect home-office,
remember to focus on the details.
Things like custom-built furniture and
storage, or a fresh coat of paint to highlight
the area, can really work to make the
space more livable.
Live plants, attractive window dressings
and interesting artwork will give the room
a complete look. Don't be afraid to get
creative, try a minimalist approach or go
all out and mix a variety of pieces, both old
and new, to make the space both functional
and attractive.

Health Quote
Breathe Fresh!
When we talk about the quality of air, most people mistake it for the
environment outside. But what about the indoor air quality (IAQ) –
the air inside our homes? Ironically, IAQ can be worse than the outside
air we are breathing – Anita Choudhary
V
ijayalakshmi stays an in apartment in Velachery, which
she bought for ` 30 lakh, a few years ago. However, the
quality of the building went unchecked and the paint not only
started peeling off but the rooms had an offensive smell, if left locked for
a few hours. She recalls, “Over time, my son started having breathing and
respiratory issues. The doctor narrowed it down to allergic reaction to plastic
paints.” They nipped the root cause of the ailment at the bud and
re-painted the home with bio-organic paints.
No doubt, there is a haze in the air surrounding us. The ozone
layer and smog are what come to mind when discussing air quality,
especially during the summer, when it is much more prevalent. As per the latest
statistical data of WHO (World Health Organization), the sad fact that 70 percent of rural
Indian homes do not have ventilation while cooking on solid fuels and traditional stoves
comes to light. It also corroborates that out of 6,00,000 deaths every year in South East
Asia due to indoor air pollution, 80% are in India.
Additionally, higher percentages of indoor air pollution is found in places with low
ventilation. This particular air pollution is linked to ‘sick building syndrome’
where people feel sick and show symptoms like nausea, vomiting and
chest pain, but no specific source of the illness is diagnosed. While these
symptoms go away when the person is exposed to outdoor air, many
after-effects of heavy indoor air pollution show up later in the form of
respiratory diseases and cancer – especially with carbon monoxide and
asbestos inhalation.
Watch out!
Some of the main causes of indoor air pollution include
• Microbes - bacteria, mold, fungi
• VOC (Volatile Organic
Compounds) - These are
compounds / material that
emit gases over a period of
time and include furnishings,
lacquer, paints, cleaning
supplies, pesticides, plastic
toys, building materials,
copier and printers, glues,
adhesives, permanent
markers, etc.
• Pollen / Hair – Pollen from
plants and hair from pets
such as dogs and cats.

Health Quote
• Carbon monoxide - Usually found It adds to the chemical pollutants within

in combustion fumes, a by-product of indoor air.
camphor burning, use of room heaters etc.
• Asbestos fibers - This is usually in homes Organic pollutant removers: Most
or rooms where asbestos sheets have people light up dhoop and agarbattis. The
been used. non polluting feature of lobans, dhoop and
• Tobacco smoke agarbattis are known to disinfect and purify
the indoor air, apart from having a fragrant
Home Remedies aroma that is eco-friendly, unlike chemical
Ventilation: This is one of the most air fresheners.
important aspects of keeping your rooms
Clean furnishings and furniture: It
smelling fresh and healthy. The old adage
is best to periodically clean the furniture,
of having enough sunlight in the room
dry clean carpets and curtains, clean
to purify the air still holds good. Cross-
and service fans, air-conditioners and
ventilation is essential but if you are staying
electric chimneys. They may not seem to
in an apartment or rooms that are spaced
be harbingers of infections, but you’ll be
out differently, it is essential to have air
surprised how much dirt they can collect
purifiers and maintaining hygiene to
with time. In line with the popular eco-
eliminate spores and bacterial growth. 12 houseplants that help make your
friendly cleaning products available with
Hygiene: Covering the bed with a indoor air quality better -
major brands such as Amway, you can be
bedcover that can be removed when you • Bamboo Palm sure to eliminate grime and dirt without
sleep is important. Likewise, washing your • Chinese Evergreen compromising or adding chemicals to the air.
linen and towels regularly and adding a • Dracaena
small capful of disinfectant like Dettol is • English Ivy Indoor plants: The ALCA (Associated
good. This helps eliminate proximity to • Ficus or Weeping Fig Landscape Contractors of America) and
microbes and fungal infections. The drains • Gerbera Daisy NASA conducted a study during the 1980s
in the building / house require complete • Golden Pothos that concluded that houseplants not only
cleaning to ensure that it does not become • Mother-in-Law’s Tongue beautify your home’s interiors, but also
a breeding ground for microbes. improve your IAQ by purifying the air.
(Snake Plant)
Managing pets: Your dog may be • Peace Lily Using air purifiers and air
the apple of your eye, but ensure that it • Philodendron conditioners: To counter the growing
• Pot Mum natural ventilation constraints at home and
• Spider Plant in commercial establishments, numerous
companies have launched air purifiers.
Some notable ones include: Euroair
does not climb on beds and sofas,
Energie and Euroair 2, while LG promotes
leaving them covered with a layer of
its own range such as PS-S200WC, PS-
hair. Having lint removers, grooming
MK450, PS-N550WP and PS-M550. There
the dog regularly and attending to
is a demand of products with HEPA (High
its hygiene are important aspects to
Efficiency Particulate Air filter) to counter
eliminate pollutants in the air. Pet hair
the tiniest of the pollutants. A range of
has numerous dust mites and other
heating and air-conditioners are available
microbes that are one of the leading
with filtration systems from brands such as
causes of asthma, allergies, skin
LG, Videocon, Whirpool and Hitachi that
infections and respiratory diseases.
you can look into.
So, the next time you’re down with a
Say NO to smoking: Well, even if
respiratory problem or skin infection, don’t
you cannot stop smoking, it is best not
forget to first check if you home is well-
to smoke at home or within the room.
equipped to protect you from pollutants and
Not only is passive smoking equally
problem-makers!
harmful to people in the room, but the
furnishings and walls absorb nicotine.

Policy Police
Get Ready For Rera!

The Union Ministry of Housing and Urban Poverty Alleviation has published the draft of the Real
Estate (Regulation of Development) Act which proposes to lay down what is expected to be a common
regulation for the real estate sector across India. This is expected to bring a lot of transparency and make
the real estate developers a more disciplined lot. The key provisions of the Act have been summarised for
your easy reference – Kishore Kumar
• The project cannot be advertised
F
inally, there will be some sort of
a benchmark on how, what and before it is registered with the
where to build – a move from the authority. This registration will ensure
Union Ministry of Housing and Urban that the project has obtained all
Poverty Alleviation that will hopefully sanctions.
change the face of our cityscape for • The advertisements should be
the good. The Real Estate Regulatory specific and clear. There should
Authority (RERA) Act proposes to not be any misleading images or
establish a regulatory authority to highlights about the project.
control and promote construction, sale, •B uilders should use proper
transfer and management of colonies, terminologies and will be required
residential buildings, apartments and to give a detailed specification of
other similar properties. It provides carpet area, super built-up and
for compulsory registration of all real floor area. In addition, they also
estate projects where: need to give information about
(i) The area of land proposed to be all the extra charges levied
developed exceeds 1,000 square for common spaces such as
meters or 10,000 square feet; or corridors, parking and lifts, etc.
(ii) The number of apartments • The act makes it
proposed to be constructed exceeds compulsory for the
four. developer to enter into an
For obtaining registration, besides ‘Agreement for Sale’ in a
furnishing other details and information, specified format with
the developer would have to furnish a the prospective
bank guarantee equal to 5 percent of buyer, before
the estimated costs of development accepting any
work to the local authority or other deposit or
authority having power to give advance.
permission for construction or • The draft
development of land. The registration has made it
is valid for three years. Where delay in mandatory
completion of the project is for reasons
beyond the control of the developer, for developers
the developer can seek two renewals to allow all
of one year each. prospective
buyers to
Obligations of developer inspect all
The Act details the obligations and documents
responsibilities of the developer – pertaining to

Policy Police
approvals, sanctions, any other relevant transparency and accountability by seeking he had been promised. Further, by seeking
document related to the property. to regulate the so-far unregulated real to establish the Regulatory Authority and
• Developers are required to intimate estate sector in India, it needs ensure that Appellate Tribunal, the Act provides a
buyers, in case they have taken any loan it does not add more ‘red tape’, thereby forum where disputes could be heard by a
against that property. defeating its own purpose of streamlining specialised expert body, which would result
and simplifying real estate transactions in in expeditious dispensation of justice.
Transparency and powers of the the country. The Act also ensures that allottees do
Regulatory Authority When properly implemented, it will provide not default in making payments and the
The Regulatory Authority shall host considerable relief to the ordinary investor Developers receive periodical payments.
the website of records of all real estate By providing for penalties for both the
projects in its jurisdiction and shall ensure developers and allottees, the Act seeks to
compliance of the obligations cast upon the ensure than non-compliances would be
developers and allottees. The Regulatory minimal. Thus once enforced, the Act will
Authority has the power to decide any ensure that all real estate transactions are
dispute between a developer and an Though RERA carried out in a just, fair and lawful manner.
allottee regarding failure on either part to Furthermore, the Act makes it mandatory
meet its obligations.
will be a boon for for all sale agreements to be registered.
Establishment of Appellate Tribunal property purchasers, The Indian Registration Act, 1908 does
The Act provides for establishment of a not provide for compulsory registration
Real Estate Appellate Tribunal (Appellate it has received of an Agreement for Sale since such an
Tribunal) to adjudicate any dispute and agreement by itself does not create any
much criticism from
hear and dispose of appeal against interest in immoveable property but merely
any direction, decision or order of the developers, who have gives the right to obtain another document,
Regulatory Authority. The Act also ousts which when executed would create right,
the jurisdiction of civil courts to entertain long complained about title and interest in immoveable property.
any suit or proceeding in respect of any the delay and difficulty This would further protect the interests of
matter which the Regulatory Authority property purchasers.
or Appellate Tribunal is empowered to in obtaining approvals
determine. And, finally…
for construction from Though the Act will be a boon for property
Offences and penalties
various government purchasers, it has however received much
Penalties have been prescribed for criticism from developers, who have long
violations of the provisions of the Act. The agencies and have the complained about the delay and difficulty
penalties range from up to three years in obtaining approvals for construction
imprisonment for not registering a project
addressed the need
from various government agencies and
or for not complying with the orders of the for single window have the addressed the need for single
Appellate Tribunal, to monetary penalties window approvals. This issue has not been
which may be ascertained on a daily basis approvals addressed in the Act.
for non compliance or as a percentage of The Act also does not make it clear
the development costs or sale price. whether it will be applicable only to
projects where construction has not been
What it means… commenced or also to existing projects
Litigation in India is known to be a where development has already been
prolonged process and only remedies who has to otherwise go through many initiated.
available to a consumer in a dispute with obstacles to purchase a property and at Lastly, though the Act provides for a list
a developer are to file a suit in a court of times is even duped by small developers, of disclosures to be furnished by the
law or approach the consumer courts. With builders or brokers. developer, the list could be made more
the enforcement of this Act, the consumer By imposing strict obligations on the exhaustive to bring real estate practices in
will now be able to have their grievances developers, the Act seeks to ensure that India in conformity with the best practices
redressed through a specialised body. construction is completed in a timely of the Western world.
Though this Act is a welcome step manner and on completion, the buyer gets
as it seeks to bring in much–needed the property as per the specifications that

Expert Speak
My uncle has a property in Recently, I booked an Capital Gain = Sell Price – Indexed Purchase
apartment with a leading

Kacheepuram, 60 km from Price. Indexation is a technique to adjust
Chennai, in a village. If the property income payments by means of a price Index,
is mortgaged by a bank what can developer in Chennai. in order to maintain the purchasing power of
do they do? Is there something While I have been charged the public after inflation. We must understand
that can be done on the property for the Super Built Up area that prices in general also rise, so the actual
papers? Please advice. of 1,750 sqft, I was told that price should not be used while computing
the profits, rather it should be indexed as per
M Kumaresan
I will only get 1,137sqft as inflation in the country, so that people can
Mortgage information is an inseparable part
of the Sale Process. In fact, you can even
carpet area. Is there a fixed get the real value from sale of their assets.
sell the house with the mortgage, but first get ratio for SBU vs. Carpet Indexed Purchase Price = Purchase Price
into an agreement of sale. In such a case, Area? How do we know we x (CPI for current year / CPI for year of
purchase).
the purchaser or his bank can clear your are paying the right price? Once you have the Indexed Purchase Price,
loan and the balance will be paid to you. In
Gayathri Ramaswamy you can subtract it from Sale Price and get
Q&A
this procedure both the buyer and the seller
undergoes additional formalities. The loan is your capital gains (Consumer Price Index –
not transferable from the seller to the buyer. CPI).
The new loan amount will be treated as a In case of individuals and HUF, long-term
fresh one. If the buyer takes the loan from capital gains are exempt if the sale proceeds
the same bank/HFC he/she has to submit are reinvested in certain assets. These
new documents for the loan processing. exemptions are subject to certain conditions
and the reinvestment has to be made within
I have booked a flat in OMR in the prescribed time.
October 2008 and we were told
that we would get possession of What is the procedure of Aadivasi
it in 24 months. I do not think they Land Purchasing, where the buyer
There is no fixed ratio for SBU and Carpet
will give hand over the keys for can either be an Aadivasi or Non
Area. It varies from builder to builder and also
at least another year or so. Can Aadivasi?
depends on the kind of development. For
we take any legal action against Dinakaran E
example, a small 6-in-1 apartment complex
the builder? I have already paid a will have less common area whereas a Generally, lands belonging to Scheduled Caste
hefty interest... township will have a larger common area. and Scheduled Tribe grantees cannot be
GK Vasu As a thumb rule, the carpet area should alienated. Laws prohibiting transfer of 'granted
It is better to form an Association with be usually between 70–80 percent. In your land' have been enacted by different states
representatives from each of the flats in case, it’s a little more. You could probably in terms of the preamble of the Constitution
the premises and then give a notice to the ask the builder to give you a complete break- to provide economic justice to the Scheduled
builder referring to the relevant provision up of the area statement of the project to Castes / Scheduled Tribes and other weaker
of the Flat-buyers’ Agreement. After the arrive at the right carpet area. sections of the society and to prevent their
notice period is over, immediately take this exploitation in terms of Articles 46 of the
What is the approximate tax on a Constitution. There are many levels of vigilance
problem to the Consumer Court. Another
3 BHK apartment that is sold after and monitoring checks to prevent any illegal
option would be to check if the builder
owning it for 15 years, if the profit transfer of such grant land. Of course, there is
is a member of CREDAI. If so, you can
from sale is above ` 80 lakh? difference between a 'granted land' and 'land
approach them to resolve your problem.
Maya Rajan purchased on payment of a price', which can
be looked into.
Have a query about buying, selling a property? The editor of Chennai Realty.biz, Kishore Kumar will try
to solve your problems with expert, up-to-date advise. Write in to us at
editor@chennairealty.biz with Reg: Expert Speak in the subject line and have your questions
answered in our next issue

Smart Money
Choose Wisely!
In this interview, Mathew Joseph, Regional Head – HDFC, talks about the real estate scene in
Chennai, gives readers tips on choosing the right home and more…
customer through the process.
Besides this, our expertise in providing
complete home loan solutions and
introducing loans that meet the customer’s
needs have helped us over the last 33 yrs.
We have also believed in catering to
customer expectation needs: the property
portal www.hdfcred.com helps customers
choose a property out of various listings.
What do you feel about the increase in

the numbers of developers in Chennai?
Developers who have shown progress in
construction are doing well. Also, projects
where the prices are in-line with the
market and have not increased sharply are
continuing to do well.
Your advice to first time home buyers…

Buyers should choose a credible developer
who has good track record in quality
and adherence to delivery timelines.
Construction progress at the site is another
How would you rate the Chennai real Where do you see the interest rates
important factor to be looked into. Choose
estate market to other metro markets going from here?
the right Housing Finance institution which
like Mumbai, Delhi and Bengaluru? A lot would depend on the stand the RBI
will provide complete assistance in the due
The dynamics of the real estate market takes to control inflation.
diligence of the property and not merely
in Chennai has changed in the last 6-7
What percentage of your home loan a home loan. HDFC has, over the years,
years. The entry of pan-India players and
portfolio in Chennai is for second/third provided complete assistance to customers
large townships by local developers has
homes? when it comes to property purchase.
changed the face of realty development
in this city, which earlier never had large About 12-15 percent of our business
What is your take on the future market
projects. The Chennai market, unlike other comes from the resale market.
scenario for residential, commercial and
markets, is more end-user driven and retail segments across Chennai?
HDFC has always been a very strong
price-sensitive. The prices in Chennai have The off-take of residential properties has
brand for home loans. What new
not increased as sharply as they have in been good in the last 12 months. Going
initiatives are you taking to retain this
Mumbai and Delhi in the last year. by the trend, the sale scenario is expected
lead?
Customer service has always been our to be good, provided developers do not
Tell us about the demand for home
primary objective. Every customer touch increase prices and there is considerable
loans, given that interest rates are going
point in our organisation is aware of this progress in construction. The commercial
up…
objective. Our strength is in our workforce IT supply is still a concern; both in terms
The demand for home loans has been
where we have staff who understand the of sales and lease, it has not kept in pace
good and our loan disbursement growth
nuances of the business and can guide the with supply.
has been on expected lines.

Vanakkam India
Home Calling
Though many Indians live abroad or are married to foreigners, they would like to come back to the country to
own property. Here are some guidelines for NRIs, PIOs and foreigners to acquire property in India
– Rohini Kumar
I
t is known that Non-Resident a/c (NRO) in connection with acquisition
Indians (NRIs), Persons of Indian of Immovable Property in India –
Origin (PIOs) and Foreign National
• A Non Resident who is a citizen of
of Non-Indian Origin can acquire
India
Immovable Property (either residential
or commercial) in India by way of • A Non Resident who is a Person of
purchase, gift, inheritance, or share Indian Origin (PIO)
of joint property received upon • A Non Resident who has established
partition of family/property, etc as in India a branch office or other
per the guidelines laid by the Foreign place of business (excluding a
Exchange Management (Acquisition liaison) office
and Transfer of Immovable Property in There are no restrictions on the number
India) Regulations, 2000 (FEMA). But, of residential/commercial properties
there are some crucial guidelines to be that can be purchased.
followed while buying property…
Gifts
Purchase
General Permission is granted to
The Reserve Bank of India (RBI) has acquire any Immovable Property (other
permitted the following categories than agricultural land, plantation or
of NRIs/PIOs to acquire Immovable farmhouse property) by way of gift from
Property (other than agricultural land, a person (donor) who is –
plantation or farm-house property) by
• A Person Resident in India, or
way of purchase, provided the payment
is made out of Foreign Exchange Inward • A Person Resident outside India
Remittance or any Non Resident Bank (NRI) who is an Indian citizen or
Account in India, that is (Non Resident foreign citizen of Indian origin.
External (NR(E)), Foreign Currency Provided, applicable Gift Tax if any has
Non Resident Account (FCNR(B)) or been paid at the time the immovable
Ordinary Non Resident Rupee Account property is being gifted.

Vanakkam India
Inheritance Thus, Foreign Nationals of non-Indian repatriation of sale proceeds of property or

origin can be further divided into properties credited with NRI/PIO accounts,
General Permission is granted for
• Foreign Nationals of Non-Indian Origin, it is mandatory to file a declaration of the
inheritance of Immovable Property
Resident Outside India sold property with RBI within 90 days of sale
including agricultural land, plantation or
of such property, on IPI Form 8.
farm-house property from – • Foreign Nationals of Non-Indian Origin,
Apart from the declaration of property,
• A Person Resident in India, or Resident In India
there are many other tax and legal
• A Person Resident outside India who
Acquisition and Sale of Immovable formalities related to the acquisition of
may be an Indian citizen or Foreign
Property Immovable Property in India which NRIs
Citizen of Indian Origin provided such
and PIOs need to adhere to. Formalities of
person had acquired the said property There is no ceiling on the number of
transfer of funds for purchase/sale through
in accordance with the provisions of immovable properties acquired or sold in
accounts facilities available, applicable
FEMA. India by NRIs and PIOs. However, NRIs/
charges and processes for registration
Hence, agricultural land, plantation or PIOs belonging to Pakistan, Bangladesh,
of property documents and applicable
farmhouse property can be acquired by Sri Lanka, Afghanistan, China, Iran, Nepal
stamp duties for all transactions, etc., are
way of inheritance only. and Bhutan require a prior approval of
procedures that should be complied with.
the Reserve Bank of India for acquiring
Immovable Property in India. NRIs and PIOs are also eligible for home
Acquisition by Foreign Nationals of
loans in India and need to comply with
Non-Indian Origin It is mandatory to file a declaration of the
the guidelines for repayment. Along with
acquired property with the Reserve Bank
the official guidelines, NRIs and PIOs also
The residential status of a foreign national of India within 90 days of acquisition of
need to follow general dos and don'ts while
of non-Indian origin determines the ability property, on the prescribed ‘Declaration of
acquiring property in India.
to acquire immovable property in India. Property by NRIs/PIOs Form’ - IPI 7. For
Foreign Nationals of
Resident Outside India Resident in India
Non-Indian Origin
They meet the criteria of having stayed

They do not meet the criteria of
in India for a period of 182 days of
Residential Status having resided in India for 182
more. They may also be referred to as
days or more.
Persons Not Permanently Residents.
Cannot purchase any Can purchase Immovable Property

Immovable Property in India. after obtaining the necessary approvals
Acquisition of
Cannot be added as a second and fulfillment of requirements, if any,
Property in India
holder to a property purchased prescribed by the concerned State
by an NRI/PIO. Governments.
Can take up residential Prior approval of RBI not necessary

accommodation on lease, for a citizens of other countries other
provided that the period of the than those of Pakistan, Bangladesh,
Reserve Bank of
lease does not exceed five Sri Lanka, Afghanistan, China, Iran,
India (RBI)
years. In such cases, there is Nepal and Bhutan.
Conditions
no requirement of taking any
approval from the Reserve
Bank of India.

Space Wise
SANITARYWARE —
REINVENTED!
TVH Consumer products reinvent the humble bathroom with their range sanitaryware and bathroom
accessories – Samyutha Balasubramaniam
T
he general Indian mindset about dingy lighting from a single 40 watt bulb. about time too! Who knows how many
bathrooms used to be – get in, do Not anymore! ‘Eureka!’ moments Indians have been
your business and get out. It wasn’t A quick tour around TVH Consumer missing out on, just because they didn’t
a place one liked to linger in, what with the Products’ spacious store in Teynampet is spend enough time in the bathroom?
usual standard white basin, a wash closet enough to convince one that the Humble As soon as I walked into TVH, an attentive
if you’re lucky, a bucket and mug and a Indian Bathroom will soon go the way of store employee was at my side, offering to
shower which doesn’t work. Add to this, the once ubiquitous Ambassador car. And help or show me around. As I walk into the

store, expecting the usual line-up of white They aim to cater to a large rain shower, which makes you feel like
ceramic closets, white washbasins, maybe group of people and their variety of you’re standing in a rain storm, to bidets
a rectangular tub thrown in for good effect, products plus the price range reflects that. - a new concept for the Indian consumer.
the first thing I notice is a round pillar, with TVH is the distributor for four international They also stock accessories of all kinds,
wash closets set into it, all around, like brands, three from Germany and one from from handrails to towel holders, taps to
seats. They’re so elegant and they looked Japan. Toto, the Japanese brand, was toothbrush holders.
so comfortable that one felt tempted to just what they started with first and are the sole The prices start from as low as ` 2,000
plonk down on them, then and there. distributors of this brand in Tamil Nadu. for a basic washbasin, ` 12,000 onwards
Opened 9 years ago, with a branch in Other brands from Germany soon followed, for a closet and `18,000 for a bathtub.
Coimbatore and one coming up soon in including Duravit, Villeroy and Boch as well There is one mechanical wonder from Toto
Pondicherry and Trichy, the store aims as Keuko, to meet the consumer’s needs. which retails for ` 2,45,000 – called the
to provide complete solutions for all The unifying philosophy behind choosing Neorest, which is set to be the next big
your bathroom fixtures needs, for every these brands remains a desire to cater to thing. Equipped with sensors, the closets
segment of the population. In fact, their all segments, be it ultra-modern and sleek opens automatically when it senses the
client range runs the gamut – from large or old-fashioned and traditional, taking person, and utilises an in-built warmer to
hotels, to builders who use their products, pride in bringing new innovations to the warm the seat before you sit on it. Once
to several prominent architects in the city city. For instance, Villeroy and Boch has you are done, the bidet function with a
who swear by them, and walk-ins looking come out with a pure stone based Closet wand emerges and sprays water, cleaning
for a new washbasin. and Washbasin, which certainly amps up you up thoroughly. Following this, warm
the look of any bathroom. They have model air is gently blown. Once the person gets
bathrooms laid out, several different types up from the closet, it automatically flushes,
with different space utilisation, to cater to deodorises, and closes of the seat cover!
any sort of house, hotel room or apartment. Sounds futuristic? Looks like an end to the
One of them showcases the stone fittings, 'who left the toilet seat up!' fights. What's
where you can definitely see the appeal. more, it has the advantage of reducing
Another innovation is by Keuko – contact, making it a virtually germ-free
Swarovski crystal based mirrors, which experience.
offer exemplary clarity. Talking of mirrors, The jacuzzi is another must-have for those
they also have a detachable wall mounted able to afford it. Big enough to swim and
magnifying mirror, which offers a close- equipped with a cascade function, this is
up of your face. It comes with its own definitely what is needed at the end of a
vanity case and light strips on the side, long stressful day, to relax and rejuvenate.
perfect for when you travel.There are Indians now traverse the globe and they
remote controlled light strips on mirrors, expect the same standards and comfort in
multi-coloured model bathrooms, bathtubs their home as well.
which are like works of art, shower panels Well, looks like the bathroom will no longer
which let you control everything from the be ignored when you decide to buy your
temperature to the water pressure with dream house.
a wall mounted control panel, a two feet

Top 100 Projects
Area : Chennai - North
ORCHID SPRINGSS NORTH TOWN DOSHI TULIP GOLDEN KINGS COURT
Location - Near Padi Metro Location - Perambur Location - Kilpauk Location - TAS Enclave, Anna Nagar
Rail Station Type of Units - 1, 2 and 3 BHK Type of Units - 2 BHK Type of Units - 3 BHK
Type of Units - 1, 2, 2.5 and 3 BHK No. of Units - 1,200 No. of Units - 12 No. of Units - 11
No. of Units - 2,000 Area - 990-1,396 sqft Area - 900 - 1,200 Sft
Area - 692 - 2,244 sqft Area - 2,084 -3,157 sqft
Completion - June 2011 Completion - Ready to occupy
Completion - December 2012 Completion - September 2011
Amenities - SP, GYM, MPH Amenities - Back up generator,
Amenities - 5 Star CH, GYM, SP, SF, Amenities - SP, GYM, CH, KPA
Health Club, Coffee Shop Builder - Arihant Foundations & Wi-Fi
Builder - Alliance Group Housing Ltd Builder - Doshi Housing Ltd Builder - Golden Homes Pvt Ltd
Contact - 044-30451200 Contact - 044-42244444 Contact - 044-43539160 Contact - 044-26213388
THE ARCHWAY KGS VRUDHI RC LAURELS Rajus Sapphire
Location - Ormes Road- Kilpauk Location - Kilpauk Location - Madavaram Location - Kolathur
Type of Units - 3 BHK Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK
Type of Units - 3 BHK
No. of Units - 48 No. of Units - 28
Area - 855 - 1,215 sqft Area - 925 - 1,079 sqft
Area - 2,224 - 2,324 sqft Area - 2,040, 2,160, 3,360sqft Completion - Under construction Completion - Ready to occupy
Completion - September 2011 Completion - March 2012 Amenities - Gym, MPH, Amenities - GYM, KPA, 3 Phase
Amenities - 24-hr power back up Amenities - 24-hr power back up, Association Room power supply
Builder - Jain Housing & KPA Builder - Rajarathnam Builder - Rajus Flat
Construction Ltd Builder - KGS Developers Ltd Construction (P) Ltd Promoters Pvt. Ltd
Contact - +91 8870701850 Contact - +91 9361255110 Contact - 044-26748888 Contact - 044-42645830
SANTHA TOWERS AISHWARYA

Location - Parithipattu, Avadi Location - Red Hills,
Type of Units - 2, 2+ study BHK Madhavaram Road
No. of Units - 480 Type of Units - 2 and 3 BHK
No. of Units - 28
Area - 808 - 1,114 Sft Area - 885 - 1,315 sqft
Completion - December 2011 Completion - June 2011
Amenities - CH, SP, KPA Amenities - Covered car
Builder - Santha Build Tech parking, power
back up
India Pvt Ltd Builder - Rajmeena Builders
Contact - +91 9962228090 Contact - 044-26280880
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 Projects
Area : Chennai - North
THE AVENUES-ESPLANADE PC CONSTRUCTION VGN PLATINA NAHAR SRI GANESH
Location - Tondiarpet Location - Ambattur Location - Kilpauk

Location - Kolathur
Type of Units - 2 and 3 BHK Type of Units - 3 BHK
Type of Units - 1 and 2 BHK Type of Units - 1, 2, 3 BHK and Villas
Area - 975 - 1,450 sqft No. of Units - 10 No. of Units - 670 + 60 Villas
Area - 1,495 and 1,512 sqft
Completion - Phase I - March 2011 Area - 539 - 760 Sft Area - 596 - 1,250 Sft
Completion - June 2011
Phase II - March 2013 Completion - August 2011 Completion - July 2011
Amenities - CH, SP, KPA, Amenities - Video intercom security,
Amenities - Covered car parking Amenities - CH, SP, KPA, GAR, SF car parking
Covered Car Park
Builder - EMAAR MGF Builder - PC Constructions Builder - VGN Developers Builder - Nahar Foundations Pvt Ltd
Contact - 044-64624444 Contact - 044-26174114 Contact - 96000 10044 Contact - 044-24454112
AURA GREEN COURT LUMBINI SQUARE THE METROZONE Maple Orchard
Location - Poompuhar Nagar, Location - Anna Nagar Location - Anna Nagar West
Location - Purasawalkam Type of Units - 2, 3, 4 and 5 BHK
Kolathur Type of Units - 2 and 3 BHK
Type of Units - 3 and 4 BHK pent house
Type of Units - 2 and 3 BHK No. of Units - 196
No. of Units - 435 No. of Units - 1,600
No. of Units - 6 Area - 720, 960, 1,025 sqft
Area - 2,250 - 6,000 + duplex Area - 1555 - 4818 Sft
Area - 1,495 and 1,512 sqft Completion - November 2012
Completion - January 2012 and pent house Completion - November 2013
Completion - Ready to occupy Amenities - SP, KPA, GYM, SF, Amenities - Car parking, Gym,
Amenities - Covered car parking,
inverters Amenities - CH, KPA, SP, Bank Joggers Track reading hall
Builder - Aura Homes Builder - True Value Homes Builder - OZONE Group Builder - Ben Foundations (P) Ltd
Contact - +91 9841022217 Contact - +91 9884340003 Contact - 044-42253700 Contact - 044-26156171
ISHWARYAM KINGS MANOR

Location - Poonamallee Location - Aminjikarai
Type of Units - 1, 2 and 3 BHK
No. of Units - 396
Area - 500 - 1,600 sqft No. of Units - 6
Completion - December 2012 Area - 1,435 sqft
Amenities - SP, gym,
Completion - April 2012
jogging track,
amphi theatre Amenities - Car parking
Builder - Himabinduinfra Builder - Firm Foundations
Pvt. Ltd
Contact - 044-2619 2619
Contact - 044-32218665

Top 100 Projects
Area : Chennai - Central
VISHWADEEP 36 CARAT THE ORIGIN ANNORA
Location - Close to Location - Shastri Nagar, Adyar Location - Besant Nagar

Location - MRC Nagar, Santhome
DasaPrakash, PH Road Type of Units - 2 and 3 BHK
Type of Units - 3 BHK Type of Units - 3 Bhk
Type of Units - 3 and 4 BHK No. of Units - 16
No. of Units - 9 No. of Units - 36 Area - 1,308 - 2,062 sqft No. of Units - 8
Area - 2,902 sqft Area - 2,800 sqft Completion - December 2012 Area - 1,500 sqft
Completion - September 2011 Completion - August 2012 Amenities - Gym, SP, amphie Completion - December 2011
Amenities - CH, 24-hr theatre
Amenities - Gym, SP, GAR, Intercom Amenities - Car parking
security, party hall Builder - Adroit Urban
Builder - NAPC Properties Builder - Akshaya Homes Developers Pvt Ltd Builder - Asvini Foundations
Contact - 044-49004100 Contact - +91 9677298811 Contact - +91 9566299999 Contact - +91 9841633669
TVH BATIKA DOSHI ORIANA JAINS PEBBLE BROOK KGEYES ETERNITY
Location - Alwarpet Location - Perungudi (OMR) Location - Thoraipakkam Location - Kalakshetra Colony,
Type of Units - 3, 3.5 BHK Type of Units - 2 BHK Type of Units - 1, 2 and 3 BHK Besant Nagar
No. of Units - 8 No. of Units - 214 No. of Units - 620 Type of Units - 2 and 3 BHK
Area - 2,500 - 3,000 sqft Area - 531-1,556 sqft No. of Units - 86
Area - 930 - 950 sqft
Completion - December 2012 Completion - January 2013 Area - 1,170 -1,755 sqft
Completion - June 2012 Completion - June 2012
Amenities - Terrace SP, gym, Amenities - All facilities are
common lounge, Amenities - KPA, SF, Gym, available Amenities - SP, KPA, gym,
centralised A/C party hall Builder - Jain Housing & reading room
Builder - True Value Homes Builder - Doshi Housing Construction Ltd Builder - KGEYES Developers
Contact - +91 9884340005 Contact - 044-43539150 Contact - +91 8870701850 Contact - 044-24313939
ANMOL ABHINANDHAN CHITRA SURUTHI LAKSHMI ENCLAVE

Location - Perungudi Location - Perungudi – Near
OMR Toll Plaza
Type of Units - 2.5 and 3 BHK
Type of Units - 2 and 3 BHK
No. of Units - 154
No. of Units - 92
Area - 1,200 -1,550 sqft Area - 765 - 1,458 sqft
Completion - June 2012 Completion - July 2011
Amenities - KPA, COH, Amenities - KPA, GYM
terrace jogging track Builder - Chitra Constructions
Builder - CHENNAI ICC (P) Ltd
Contact - 044-24414272 Contact - +91 9952990909

Top 100 Projects
Area : Chennai - Central
DECCAN KALAPATARU DLF - GARDEN CITY TVH SVASTI BHAGGYAM BALA VILAS
Location - Sholinganallur Location - Sholinganallur Location - Thoraipakkam Location - Mylapore

Type of Units - 2, 2.5 and 3 BHK Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK Type of Units - 1, 2 and 3 BHK
No. of Units - 88 No. of Units - 3,000 No. of Units - 228 No. of Units - 10
Area - 1,170-1,938 sqft Area - 1,100 -1,600 sqft
Area - 939 - 1,494 Sft Area - 1,624 - 1,764 sqft
Completion - Phase I - June 2011 Completion - Phase I - December
Completion - April 2012 Phase II - September Completion - June 2011
2011; Phase II -
Amenities - Gym, MPH, SF, 2012 Amenities - Car parking, gym
Amenities - ATM, health care, December 2012
yoga, activity room Amenities - SP, KPA, COH, CH Builder - Bhaggyam
salon, shopping centre
Builder - Deccan Estates Ltd Builder - True Value Homes Constructions
Builder - DLF
Contact - +91 9677209090 Contact - +91 9884060955 Contact - 98841 77770 Contact - 044-2834 4770
GLO SRESHTA NIRMAL TAMARAI ARNAV

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Location - Besant Nagar Location - Abiramapuram Location - Sholinganallur Location - Santhome

Type of Units - 3 BHK Type of Units - 2 and 3 BHK Type of Units - 3 BHK Type of Units - 3 BHK
No. of Units - 4 No. of Units - 8 No. of Units - 16 No. of Units - 14
Area - 2,550 sqft Area - 1,260 -2,237 sqft Area - 2,300 -3,300 sqft Area - Nil
Completion - Ready To occupy Completion - April 2012 Completion - Lauching Soon
Amenities - Covered car
Amenities - KPA, SP, SF, Amenities - Roof top garden, parking Amenities - Nil
power back up power back up Builder - Vishranthi Homes Builder - Sreenivas Housing
Builder - Vijaya Shanthi Builders Builder - Sumanth & Co Pvt Ltd Pvt Ltd
Contact - +91 9789851111 Contact - 044-42107546 Contact - 044-24314515 Contact - 044-28342930
MELROSE PARK Launching soon SIDHARTH NIVEDITA

Location - Neelankarai Location - Thiruvanmiyur
Type of Units - 1 , 2 , 3 and 4 Bhk Type of Units - 3 BHK
No. of Units - 12 Villas. 12 No. of Units - 6
apartments Area - 1,343 - 1,581 sqft
Area - 3,000 - 4,500 sqft Completion - Launching soon
Completion - September 2012 Amenities - Nil
Builder - Sidharth
Amenities - SP, 24-Hr power back
Foundations &
up, gym
Housing Ltd
Builder - Shanthi Builders Contact - 044-2834 5091
Contact - +91 9841097775

Top 100 Projects
Area : Chennai - South
ARIHANT HEIRLOOM prime Rose-KGS AMBER ISHA YARA
Location - Off-IT Corridor, Location - Pallikaranai Location - West Jones Road, Location - Medavakkam
Thazhambur Saidapet Type of Units - 2 and 3 BHK
Type of Units - 1, 2, 2+Study and 3BHK
Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK No. of Units - 464
No. of Units - 130 Area - 801-1,450 sqft
Area - 1,047-1,600 sqft Area - 688 - 1,400 sqft Area - 1,010-1,961 sqft Completion - Ready to occupy
Completion - Ready to occupy Completion - Ready to occupy Completion - December 2011
Amenities - KPA, MUH,
Amenities - CH, SP, DS, gym Amenities - Gym, KPA
Amenities - CH, SP, KPA commercial hall, gym
Builder - Arihant Foundations & Builder - Indus Cityscapes
Builder - KGS Developers Ltd Construction Pvt Ltd Builder - Isha Homes
Housing Ltd
Contact - 044-42244444 Contact - +91 9361255110 Contact - +91 9962000222 Contact - 044-24404757
JAINS ALPINE MEADOWS KGEYES CAROLINAA MALLES JAYSHRI P dot G Express
Location - Thiruneermalai, Location - Velachery Location - T Nagar Location - Pallavaram -

Pallavaram Type of Units - 3 BHK Kunrathur Road
Type of Units - 2 and 3 BHK Type of Units - 1.5, 2 and 3 BHK
Area - 1,200 - 2,060 sqft
Area - 927-1,508 sqft Area - 919 - 932 Sft Area - 503 - 1,658 sqft
Completion - August 2012 Completion - December 2012
Completion - January 2012 Completion - May 2012
Amenities - KPA Amenities - KPA, DS, gym
Amenities - SP, KPA, power back up Amenities - KPA, gym, power back up
Builder - Jain Housing & Builder - Malles Builder - P dot G Constructions
Builder - KGEYES Developers Ltd Construction Pvt Ltd Pvt. Ltd
Construction Ltd
Contact - +91 8870701850 Contact - 044-2431 3939 Contact - 044-28144716 Contact - +91 9500123395
MANTRI NAVARATNA K P NATWEST VICEROY

Location - Chrompet Location - Pallikaranai
Type of Units - 1, 1.5, 2, and 3 BHK Type of Units - 2 and 4 BHK
Area - 510 - 1,180 SFt Area - 1,230 - 1,964 sqft
Completion - May 2013 Completion - September 2011
Amenities - KPA, GAR, gym, Amenities - All facilities
joggers track Builder - Natwest
Builder - Mantri Developers Ltd Estates Pvt Ltd
Contact - 044-27474103 Contact - 044-2434 0716

Top 100 Projects
Area : Chennai - South
NAVINS GOLDEN GLADE RC ROYAL GRANDE PURVA SWANLAKE RAJKHAM ANURUP
Location - T Nagar Location - Thirumullaivoyal Location - Pallikaranai Location - Pallikarani

Type of Units - 3 BHK Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK
Type of Units - 2BHK
No. of Units - 8 No. of Units - 176 No. of Units - 700
No. of Units - 24
Area - 1,701, 1,781 and Area - 870 - 1,145 Sft Area - 1,250 - 1,750 sqft
1,788 sqft Area - 942 - 1,176 sqft
Completion - January 2012 Completion - December 2013
Completion - December 2012 Amenities - Gym, library, Amenities - Gym, MUH, SP Completion - December 2011
Amenities - Landscaping, Amenities - KPA, GAR
association room joggers track
rain water harvesting
Builder - Rajarathnam Builder - Puravankara Builder - Rajkham Builders
Builder - Navin Housing &
Properties Pvt Ltd Construction (P) Ltd Projects Limited (Pvt) Ltd
Contact - 044-43207777 Contact - 044-26748888 Contact - 044-24997890 Contact - 044-23727954
FERN SPRINGS Misba Garden SIDHARTH THE NEST CREATIONS AISHWARIYAM
Location - Medavakkam Location - Velachery Location - Rajakilpakkam Location - Madipakkam

Type of Units - 1, 2 and 3 BHK Type of Units - 3 BHK Type of Units - 2 and 3 BHK Type of Units - 1, 2, 3 and 4 BHK
No. of Units - 34
Area - 870 - 1,040 sqft
Area - 509 - 1,089 sqft Area - 1,155 - 1,263 sqft Area - 937 - 1,523 sqft
Completion - May 2011
Completion - December 2011 Completion - Ready to occupy Completion - December 2011 Amenities - Gym, SF, KPA
Amenities - KPA, power back up Amenities - Covered car park Amenities - KPA, home theatre Builder - Creations Promoters
Builder - RWD Builder - AVN Construction Builder - Sidharth Foundations and Developers Pvt. Ltd
Contact - +91 9500018201 Contact - 044-43581198 Contact - 044-28345091 Contact - +91 9840033552
JAMALS SANA HOMES JAMALS LUXOR

Location - Karayanchavadi Location - Kattupakkam
Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK
No. of Units - 64
No. of Units - 130
Area - 940 to 1,300 sqft
Area - 950 - 1,375 sqft
Completion - September 2012
Completion - March 2013
Amenities - RO Plant, STP, gym,
Amenities - Gym, KPA, SF, RO Plant
garbage chute
Builder - Jamals Enterprises
Builder - Jamals Enterprises
Contact - +91 9840787792 Contact - +91 9840787792

Top 100 Projects
Area : Chennai - West
JAINS NAKSATRA SUNDERBANS JAINS WESTMINSTER NATWEST EUPHORIA
Location - Nolumbur Location - Nolumbur-Mogappair Location - Arunachalam Road, Location - Maduravoyal

Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK Saligramam Type of Units - 2 and 3 BHK
No. of Units - 512 No. of Units - 544 Type of Units - 1, 2 and 3 BHK No. of Units - 24
No. of Units - 620
Area - 968 - 1,440 sqft Area - 957 - 1,548 sqft Area - 1,105 - 1,560 Sft
Area - 564 -1,961 Sft
Completion - Ready to occupy Completion - Nearing completion Completion - December 2011
Completion - January 2014
Amenities - CH, SP, GYM, health Amenities - CH, SP, GYM, Amenities - 24-hr power Amenities - Indoor/outdoor play,
facilities health facilities backup, park KPA, video intercom,
Builder - Jain Housing & Builder - Jain Housing & Builder - Jain Housing & smart card entry
Construction Ltd Construction Ltd Construction Ltd Builder - Natwest Constructions
Contact - +91 8870701850 Contact - +91 8870701850 Contact - +91 8870701850 Contact - 044-24340716
JAMALS GRANDEUR Springdale RAMAS ENCLAVE Akshata
Location - Velappanchavadi Location - Kolapakkam - Porur Location - Porur

Location - Manapakkam - Porur
Type of Units - 2 and 3 BHK Type of Units - 1, 2 and 3 BHK Type of Units - 1 and 2 BHK Type of Units - 2 and 3 BHK
No. of Units - 96 No. of Units - 25 No. of Units - 15 No. of Units - 16
Area - 940 - 1,415 Sft Area - 500 - 1,500 sqft
Area - 515 - 895 sqft Area - 938 - 1,299 sqft
Completion - December 2011 Completion - Ready to occupy
Completion - Ready to occupy Completion - March 2012
Amenities - KPA, open air theatre, Amenities - Gated community,
Amenities - Covered car parking Amenities - Gym, SF, health club
Gym covered car park
Builder - Jamals Enterprises Builder - Emerald Home Makers Builder - Siva Sakthi Castle Builder - Royal Splendour
Contact - +91 9840787792 Contact - +91 9841211040 Contact - +91 9841002269 Contact - +91 9884080480
VGN FERNDALE OPULENCE VILLE

Location - Mogappair Location - Porur
Type of Units - 2 and 3 BHK Type of Units - 3 BHK villas
Area - 740 -1,500 sqft Area - 1,340 sqft
Completion - Ready to occupy Completion - May 2011
Amenities - Smart Card Access Amenities - Covered
System, Gym, DG car parking
power back up Builder - Rajeswari
Builder - VGN Developers Foundations
Contact - +91 9600010044 Contact - +91 9840912528

Top 100 Projects
Area : Chennai - West
SUN STONE AALAYUM ORCHARD CITY’S VENUS ANANDAM’S PLATINUM
Location - Mogappair Location - Iyyappanthangal

Location - Kattupakkam Location - Kattupakkam
Type of Units - 2 and 3 BHK Type of Units - 1, 2 and 3 BHK / duplex,
Type of Units - 2 BHK Type of Units - 1 and 2 BHK twin and independent
No. of Units - 92
Area - 630 - 1,340 sqft No. of Units - 6 No. of Units - 6 houses
Completion - Ready to occupy Area - 814 - 940 sqft Area - 690 - 940 sqft No. of Units - 30
Amenities - Generator back up, Area - 523 - 1,575 sqft
Completion - May 2011 Completion - May 2011
KPA, walking track, Completion - September 2011
Amenities - Covered car parking Amenities - Covered car parking Amenities - GAR, commercial hall
recreation hall
Builder - Vinoth Builders Builder - Aallayum Associates Builder - City Homes Builder - Anandam Foundations
Contact - +91 9840903355 Contact - +91 9381041424 Contact - 044-23767147 Contact - +91 9840834403
SREEROSH SILVERSTONE Amaar Park View PANACHE Saai’s Abhinayam
Location - Kilpauk Location - MMDA Colony - Location - PH Road, Location - Valasaravakkam

Type of Units - 2, 2.5 and 3 BHK Arumbakkam Arumbakkam Type of Units - 2 and 3 BHK
Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK
No. of Units - 8
Area - 1,215 - 1,555 sqft Area - 1,184 - 1,826 sqft Area - 715 - 1,290 Sft
Area - 1,157 - 1,484 sqft
Completion - December 2011 Completion - December 2012 Completion - Ready For occupation
Completion - December 2011 Amenities - Power back up, KPA
Amenities - Gym, terrace party area Amenities - Covered car parking
Amenities - Covered car parking Builder - Arihant Foundations &
Builder - Sreerosh Properties Builder - Amaar Foundations Housing Ltd Builder - Saai’s Foundations
Contact - 044-42080520 Contact - 044-28341510 Contact - 044-42244444 Contact - +91 9840960204
RAHUL KG SIGNATURE CITY

Location - Anna Nagar Location - Mogappair
No. of Units - 1,500
No. of Units - 6 Area - 925 - 1,400 sqft
Area - 1,000 - 1,330 sqft Stilt + 19 and
Stilt + 17
Completion - November 2011
Completion - A and B Block - 2013
Amenities - Car parking, C and D Block - 2012
MPH, KPA Amenities - CH, SF, KPA,
SP, GAR
Builder - Rahul Associates
Builder - KG Foundations
Contact - 044-42077537 Contact - 044-24992042

Top 100 Projects
Area : Chennai - Outer
FRANGIPANI METROPOLIS TEMPLE GREEN AMANYA
Location - Pudupakkam Inside Location - Maraimalai Location - Oragadam Location - Nellikuppam-Thiruporur,

Siruseri IT Park Nagar, GST Road, Guduvanchery Road
Type of Units - 1, 2 and 3 BHK
Type of Units - 2 and 3 BHK Thirukachur Village Type of Units - 1, 2 and 3 BHK
Type of Units - 2 and 3 BHK Area - 575 - 1,280 sqft No. of Units - 1,008
Area - 760, 765, 780 sqft No. of Units - 436 Area - 606-1,139 Sft
Completion - December 2012 Completion - December 2012
Area - 395 - 1,950 sqft Completion - Phase I December 2012,
Amenities - Gym, SP, GAR Amenities - GAR, Gym, KPA, Phase II December 2013
Completion - December 2011
Builder - Arihant Foundations & Amenities - SP, Gym, KPA ATM, DS, SP Amenities - CH, SP
Housing Ltd Builder - Akshaya Homes Builder - Arun Excello Builder - Asvini foundations
Contact - 044-42244444 Contact - +91 9790951818 Contact - 044-22332288 Contact - +91 9841633669
CHENNAI PATTINAM ANANTYA SPRING MEADOWS Iris Court
Location - Thiruporur - Off OMR Location - Thalambur - Off OMR Location - Maraimalai Nagar
Location - Navalur, OMR
Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK Type of Units - 2 and 3 BHK
No. of Units - 2,608 No. of Units - 208 No. of Units - 192 No. of Units - 746
Area - 1,075 - 2,250 Sft Area - 1,250-1,804 Sft Area - 824 -1,105 Sft
Area - 986 - 1,467 sqft
Completion - June 2011 Completion - Phase I June 2011, Completion - April 2012
Amenities - SM, SP, CH, SCH (DAV) Phase II April 2012 Amenities - CP, SP, CH
Builder - Ceedeeyes Infrastructure Builder - Jain Housing Amenities - SF, KPA, CH
Amenities - CH, SP, SM, KPA, MH
Development Pvt.Ltd Builder - Indus Cityscapes Construction Ltd Builder - Mahendra Lifespaces
Contact - 044-24413368 Contact - 044-26401166 Contact - +91 8870701850 Contact - 044-28190800
MANTRI SYNERGY PURVA WINDERMERE

Location - Padur, OMR Location - Pallikaranai
Type of Units - 2 and 3 BHK Type of Units - 2, 3 and 4 BHK
Area - 1,200 - 2,650 sqft
Area - 1,385 - 1,800 sqft
Completion - December 2013
Amenities - Gym, MH, SP, Res
Amenities - COH, SP
Builder - Puravankara
Builder - Mantri Developers
Projects Limited
Contact - 044-27474103
Contact - 044-24997890

Top 100 Projects
Area : Chennai - Outer
OURANYA BAY OPALINE SWARNABHOOMI ESTANCIA
Location - Padur, OMR Location - Navallur, OMR Location - ECR Location - Guduvanchery
Type of Units - 2 and 3 BHK Type of Units - 2, 3, 4 BHK and Type of Units - 3 Bhk
Type of Units - 1, 2, 3 and 4 BHK
No. of Units - 1,200 (approx) pent houses
Area - 1,210 , 1,710 & Area - 1,510 - 1,860 Sft
Area - 564 - 3,600 sqft No. of Units - 1,200
2,084 sqft Completion - Phase I Ready to occupy
Completion - Phase I - 2011 Area - 638 - 3,040 Sft
Completion - June 2011 Phase II 2012
Phase II - 2012 Completion - Ready to occupy
Amenities - Club Opal Amenities - Club House with 101
Phase III - 2013 Amenities - ATM, SP, Gym, DS, amenities, 4 Star Hotel, COH
Builder - Olympia Infratech COH, KPA, SF
Amenities - CH, SP, Gym, Sch Builder - L&T Arun Excello Realty
Builder - True Value Homes Pvt Ltd Builder - Marg Properties Private Ltd
Contact - +91 9884340005 Contact - +91 9094020993 Contact - +91 9500076844 Contact - +91 9566099558
JAINS INSELI PARk SABARI'S SERENITY REAL VALUE NEEL KAMAL Unitech - Uniworld City
Location - PADUR, OMR Location - Siruseri, OMR Location - (Vandalur –

Location - Siruseri, OMR
Type of Units - 1, 2 and 3 BHK Kelambakkam Road)
Type of Units - 2 and 3 BHK Type of Units - 1, 2 and 3 BHK Type of Units - Unihomes I / Unihomes II
No. of Units - 1,024 / 560
Area - 1,176 -1,755 sqft Area - 510 - 1,055 sqft Area - 700 & 715 /
Area - 580-1,027 sqft
Completion - December 2011 Completion - June 2011 997, 999 and 1,011 sqft
Completion - Phase I December 2011,
Amenities - Gym, DS, MPH, Completion - May 2012
Amenities - CH, Gym, SP, KPA, GAR Phase II December 2012 Joggers Track Amenities - Gym, SCH, ATM,
Builder - Jain Housing & Amenities - SP, Gym, MPH, KPA Builder - Real Value Promoters Medical Facility
Construction Ltd Builder - Sabari Realtors Pvt Ltd Pvt Ltd Builder - Unitech
Contact - +91 8870701850 Contact - 044-24617775 Contact - 044-66343536 Contact - +91 9500059595
THE ROSEDALE ABODE VALLEY III

Location - Padur, OMR Location - Potheri, GST Road
Type of Units - 2 and 3 BHK Type of Units - 3 BHK
No. of Units - Phase I - 372 No. of Units - 320
Area - 800-1,600 Sft Area - 1,125 - 1,550 Sft
Amenities - CH, SP, GYM, KPA,
Amenities - SP, ATM, GYM, SF,
COH, Rose Garden
Builder - Eta Property Mini Theatre
Developers Pvt Ltd Builder - Lancor Properties Ltd
Contact - 044-3911 3900 Contact - +91 9884072936

Commercial Projects
KAZIPATTUR, OMR KANDANCHAVADI, OMR PERUNGUDI, OMR KARAPAKKAM, OMR
Project - HQ Project - Tvh Agnitio Park Project - Matrix Tower Project - Melaram Towers
Plate Area Sqft - 40,000 - 80,000 x 8 (floors) Plate Area Sqft - 23, 800 x 6 (floors) Plate Area Sqft - 186, 478 x 8 (floors)
Plate Area Sqft - 20, 337 x 5 (floors)
Common Common
Common Amenities - 1,040 car parking, Common
Amenities - 100 percent power
Amenities - 3 elevators, DG back up, health club and ATM, Amenities - Power back up, parking
back up, 1,000 sqft
protected car security landscaped roof garden Status - July 2011
with dining area individual car parking
Status - Ready to occupy Status - Ready to occupy Builder - Vishranthi Homes
Status - Ready to occupy
Builder - Akshaya Homes Builder - True Value Homes Builder - SSPDL Pvt. Ltd
Contact - +91 9840858811 Contact - +91 9176942000 Contact - +91 9940042608 Contact - 044-24314515
NELSON MANICKAM ROAD Greams Road GUINDY NELSON MANICKAM ROAD
Project - Lalah Towers Project - Prestige Palladium Project - Olympia Tecnology Park Project - Navin's Presidium
Plate Area Sqft - 40,000 x 12 (Floors) Plate Area Sqft - 30,000 X 14 ( Floors) Plate Area Sqft - 4,000 - 5,000 x 11
Plate Area Sqft - 150, 000 sqft
Common Common (floors)
Common
Amenities - DG back up, Amenities - Power back up, G+12, Amenities - Automated high-speed
Amenities - car parking, 100 percent
car parking, lift air conditioners lifts
Status - July 2011 power back up, security Status - Ready to occupy
Status - March 2012
Builder - Ramaniyam Builder - Prestige Estates Status - Ready to occupy Builder - Navin Housing &
Real Estate Ltd Projects Ltd Builder - Khivraj Tech Park Pvt. Ltd Properties (P) Ltd
Contact - +91 9841271871 Contact - 044-28154088 Contact - 044-43563773 Contact - 044-43207777
SAIDAPET TEYNAMPET
Project - Landmarvel Project - Doshi Raj Towers
Plate Area Sqft - 5, 299 x 3 (floors) Plate Area Sqft - 6, 910 x 3 (floors)
Amenities - Power back up, Common

Amenities - Generator, car parking,
parking
power back up, security
Status - Ready to occupy
Status - Ready To occupy
Builder - Landmarvel Constructions
Builder - Doshi Housing Ltd
Contact - 044-2446 4483 Contact - 044-43539160
ThinkSmart Chennai Realty

buySmart Real Estate - Redefined !

Cityscape
Residential Rate Watch
Capital Value 2 BHK Rental Value 2 BHK of Capital Value 1 Ground of
Locations
(cost / sqft) in ` 1,000 sqft (cost / month) in ` 2,400 sqft (in lakh ` )
BUDGET PREMIUM BUDGET PREMIUM AVERAGE
CENTRAL
Adyar 8,000 17,000 16,000 26,000 250 - 350
Besant Nagar 8,000 14,000 15,000 21,000 250 - 300
Egmore 7,000 10,000 10,000 15,000 250 - 275
Gopalapuram 8,000 16,000 14,000 24,000 300 - 400
Kotturpuram 6,500 20,000 14,000 26,000 400 - 500
Neelankarai 6,000 15,000 12,000 18,000 150 - 200
Nandambakkam 4,500 6,500 9,000 18,000 80 - 120
Perungudi 3,800 4,500 8,000 12,000 70 - 120
Royapettah 7,000 14,000 14,000 19,000 250 - 300
Sholinganallur 3,500 4,000 8,000 14,000 65 - 75
North
Ambattur 3,000 4,000 8,000 12,000 80 - 100
Aminjikarai 7,500 10,000 7,000 16,000 200 - 250
Anna Nagar 9,000 14,000 16,000 26,000 250 - 350
Chetpet 8,000 11,000 7,000 14,000 225 - 300
Kolathur 3,800 4,500 7,000 10,000 70 - 80
Madhavaram 3,500 4,200 6,500 8,000 65 - 70
Nolambur 3,500 4,000 6,000 7,500 65 - 70
Purasawalkam 8,000 12,000 12,000 24,000 250 -300
Poonamallee 2,800 3,600 6,000 8,000 60 - 70
Villivakkam 6,000 7,000 6,000 15,000 90 - 110
South
Alandur 5,500 7,000 8,000 14,000 85 - 95
Ashok Nagar 7,500 12,500 9,000 18,000 140 - 110
Medavakkam 3,500 4,500 7,000 1,500 60 - 70
Nanganallur 3,700 4,500 8,000 11,000 100 - 120
Nandanam 9,000 14,000 15,000 25,000 250 - 300
Tambaram East 3,500 4,500 7,500 15,000 80 - 110
Teynampet 9,000 15,000 15,000 30,000 275 - 400
T. Nagar 8,000 12,000 9,000 23,000 250 - 350
Velacheri 5,000 6,500 7,500 16,000 120 - 150
Kottivakkam 6,000 7,500 8,000 20,000 150 - 180
West
Arumbakkam 6,000 7,000 8,000 17,000 180 - 225
Choolaimedu 6,500 7,500 8,000 17,000 180 - 225
K K Nagar 6,500 8,000 8,000 17,000 180 - 230
Kodambakkam 6,500 10,000 7,000 22,000 200 - 250
Maduravoyal 4,500 5,400 6,500 15,000 70 - 80
Nungambakkam 10,000 15,000 16,000 30,000 250 - 350
Porur 3,700 4,200 5,000 80,00 55 - 60
Saligramam 6,000 7,000 9,000 18,000 110 - 130
Vadapalani 8,000 12,000 9,000 20,000 180 - 270
Virugambakkam 5,000 6,000 7,500 17,000 120 - 130
Outer
Puzhal 1,800 2,500 4,000 7,000 7 - 14
Pammal 2,700 3,300 5,000 8,000 10 - 14
Tiruvallur 2,100 2,700 5,000 7,000 12 - 18
Siruseri 3,000 4,000 8,000 16,000 35 - 45
Padur 2,700 3,200 7,000 15,000 25 - 35
Kelambakkam 2,500 3,000 6,500 14,000 20 - 30
Sriperumbudur 2,100 2,400 5,000 7,000 12 - 25
Vandalur 2,500 3,600 5,000 8,500 20 - 25
Singaperumal Koil 2,000 2,500 4,500 6,000 15 - 20
Oragadam 1,800 2,000 3,500 6,000 8 - 12

Cityscape
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Commercial Rate Watch
Average Rent in May 2010
Chennai Realty
Sub Markets Monthly Real Estate Magazine
(` / sqft per month)
CBD
(Anna Salai, Nungambakkam, RK Salai,
T Nagar, Egmore, Alwarpet)
Knowledge
Grade A
Grade B
70 - 100
55 - 65
is
Off CBD
(Guindy, Kiplauk, Taramani, Adyar,
Anna Nagar)
Power
Grade A 50 - 65
Grade B 42 - 47
Suburban Business District Term Pricing
(Velachery, Perungudi, 6 months
Mount Poonamallee Road) ` 150
(6 issues)
Grade A 35 - 45
1 Year
Grade B 30 - 40 ` 275
(12 issues)
Peripheral Business District
(Perungalathur, Sholinganallur, Siruseri, 2 Years
` 500
Ambattur, GST Road) (24 issues)
Grade A 35 - 40 3 Years
` 700
Grade B 25 - 35 (36 issues)
Construction Material Price Index *

Commodity Unit Measure Avg Rate in May 2010
CEMENT Per 50 kg bag ` 275 Contact:
STEEL Non ISI 6MM / ton ` 38,000
Keerthana
STEEL TMT 8MM dia / ton ` 42,100 +91 8754489129
STEEL 10-25 MM dia / ton ` 40,900 subscription@chennairealty.biz
STEEL RMS / ton ` 44,500
STEEL STIRRUPS / ton ` 45,500
STEEL VSP/SAIL 10mm dia / ton ` 46,800
BRICKS Per piece `6
RIVER SAND Cubic feet ` 35
FLY ASH Per ton (Ennore) ` 100
BLUE METAL 20mm / cubic feet ` 26 to ` 28
BLUE METAL 40mm / cubic feet ` 24
QUARRY DUST 0 – 2 mm / cubic feet ` 17
BITUMEN GRADE 80/100 ` 36,606
BITUMEN GRADE 60/7O ` 37,558
MASON Per day ` 400 to ` 500 Albert Einsten
LABOURER (MAN) Per day ` 250 to ` 300
LABOURER (WOMAN) Per day ` 200 to ` 250 “Wisdom is not a product
PAINTER/PLUMBER Per day ` 400 to ` 450 of schooling but of the
CARPENTER Per day ` 400 to ` 500 lifelong attempt to
58 Chennai Realty I June 2011
acquire it”
www.chennairealty.biz
Cityscape
Home Loan Reckoner
Loan Amount Below ` 25 Lakh Loan Amount Above ` 25 Lakh
BANK No.of Years No.of Years
5 10 15 20 5 10 15 20
State Bank of India 9.50 9.50 9.50 9.50 10.25 10.25 10.25 10.25
Allahabad Bank 10.25 10.75 11.00 11.25 10.50 11.50 11.75 12.00
Bank of India 10.00 10.00 10.25 10.25 10.25 10.50 10.75 11.00
Andhra Bank 10.75 10.75 11.75 11.75 12.50 12.50 12.50 12.50
Union Bank of India 10.50 10.75 10.75 11.00 11.25 11.50 11.50 11.75
Indian Overseas Bank 10.00 10.00 10.00 10.00 10.25 10.50 10.50 10.75
Vijaya Bank 10.50 10.75 11.00 11.00 11.25 11.50 11.75 12.00
Central Bank of India 10.50 10.75 11.00 11.00 11.50 11.75 12.00 12.00
Axis Bank 10.00 10.00 10.25 10.25 10.75 10.75 10.75 10.75
Canara Bank 10.50 10.75 11.50 11.50 11.00 11.25 11.25 11.75
Corporation Bank 10.50 10.75 10.75 11.00 11.25 11.50 11.50 11.75
Bank of Baroda 10.00 10.25 10.25 10.50 10.75 11.00 11.00 11.25
Indian Bank 10.50 10.75 10.75 11.00 11.00 11.00 11.50 11.75
Oriental Bank of Commerce 10.50 10.75 11.00 11.00 11.00 11.50 11.75 11.75
Punjab National Bank 8.75 9.00 9.25 9.25 10.50 10.75 10.75 11.00
ICICI 9.75 9.75 9.75 9.75 10.50 10.50 10.50 10.50
HDFC 10.25 10.25 10.25 10.25 10.75 10.75 10.75 10.75
IDBI 10.00 10.00 10.00 10.00 11.00 11.00 11.00 11.00
HSBC 11.00 11.00 11.00 11.00 11.75 11.75 11.75 11.75
South India Bank 13.40 13.65 13.65 13.90 14.15 14.15 14.15 14.15
LIC Hfl 9.90 9.90 9.90 9.90 10.35 10.35 10.35 10.35
India Bulls 10.25 10.25 10.25 10.25 10.50 10.50 10.50 10.50
Sundaram Home Loans 10.25 10.25 10.25 10.25 10.75 10.75 11.25 11.25
ThinkSmart Chennai Realty

buySmart Real Estate - Redefined !

Handy Guide
Products
Air Purifier Curtains Metal Craft Home Appliances
Aroma Sense Inc Curtains by Rashtogi Paras Metal Craft Butterfly Home Appliances
Contact: +91 9840078989 Contact: 044-28151431 Contact: 044-25391239 Contact: 044-26260801
South India Chem Ind. Indroyal Curtains Vega Metalcraft Chennai Home Appliances
Contact: 044-25382134 Contact: 044-28268966 Contact: 044-28110133 Contact: +91 9444125305
Bedding Home Security System Granite & Marble Pumps
Farook Bedding VG Electronics Palani Marbles & Granites Best Pumps India P Ltd
Contact: 044-24749533 Contact: +91 9381009080 Contact: 044-23782429 Contact: 044-42170732
Raman Bedding Access Security Systems Goyal Granite & Marbles Sugun Industries
Contact: 044-23744301 Contact: 044-32219146 Contact: 044-65184116 Contact: 044-25342273
Audio Visual Lighting Flooring - Wooden/Tiles Furniture
Onkyo Satco Lighting Aashi Flooring & Decors Godrej & Boyce Mfg
The Bose Store Veer Lighting Wintek Floor & Decors Amson & Co
Carpet Home Decor Kitchen Components Water
Unitex Carpet Abi Decor Faber Galleria Amaravathi Water Suppliers
Contact: 044-24729536 Contact: +91 9840466606
Contact: 044-23743286 Contact: 044-28110932
Ashwin Carpets
Rehka Decor Impulse India Babu Water Suppliers
Contact: 044-24983110
Contact: 044-24758199 Contact: 044-243306666 Contact: 044-26265266
Services
Electrician AC Service False Ceiling Contractors Doors and Windows
Power Services Glacier AC Service Shanmugam Interiors Halcyon Interiors
Contact: 044-65465121 Contact: 044-4541 0109 Contact: 044-32470922 Contact: 044-24331631
GS Mani & Sons AC Service Reenas The Door World
Plumbing Contractors Painters Vaastu Consultants Florist
Kumaran Plumbing Goodness Nerolac Laxshmipathy Floral Hut
Contact: 044-24336821 Contact: 044-28522470 Contact: 044-22530066 Contact: +91 9444048923
ME Plumbing Works Western India Painting Pandit Govardhan Suman Florist
Contact: +91 9444049387 Contact: 044-28156499 Contact: +91 9444057818 Contact: 044-28271294
Swimming Pool Experts Carpenters Architects Upholstery
Aqua world Ponraj Woodwork Jeevan & Associates Majestic Foam Rubbers
Clearwater Pools Highland Woodwork Logan's Architect Springfield
Water Tank Cleaners Building Renovation Landscaping Sun Control Films
Chennai Tank Cleaners Ace Contractors Lavender Landscape Shribalaji
Globe N Clean A-cube Contractors Rose Greenery Sun Films

Arihant presents lifestyles apartments
for the discerned few... You !
75 Stylish Apartments 332 Apartments

2 / 3 BHK 2 / 3 BHK
PH Road, Arumbakkam Pudupakkam, Siruseri
Our Other Projects
Independent & Semi-Independent Villas 2 / 3 BHK Apartments 2 / 3 BHK Apartments

Plotted Development
off OMR - Navalur Porur - Poonamallee Road
off GST Road, Maraimalai Nagar off OMR - Navalur
For further details Call : 044 - 4224 4444 Mob: 9841544444 / 9841855555
www.arihantfoundations.com
Corporate Office Registered Office
Old #25 New #3 Ganapathy Colony, New # 271 Old #182 Poonamallee High Road,
3rd street off Cenotaph Road, "Ankur Manor", 1st floor, Off McNichols Road,
Teynampet, Chennai - 600 018 Kilpauk, Chennai - 600 010, India.
City Musing
W
ith a spectacular view of the sea
DINE
and amazing service, Le Waterina
has already become one of the
most popular hotels in the city. To add a
feather to its cap, the hotel launched the
city's most-exclusive resto-bar dedicated to
sports - Turf Bar. Divided into four separate
sections, this unique concept bar allows
fans to enjoy their favourite sports – football,
cricket, Formula One and tennis – without
any distractions. The ambience of this bar
has been designed with a lot of attention to
detail. Decorated with football and basketball
jerseys, team flags, bandanas and even
cushion covers with team logos, the entire
atmosphere is sporty and charged with
enthusiastic energy! The bar serves an
Turf Bar
amazing range of cocktails, snacks as well
as a scrumptious range of all-day dining
combos. With screens set up in each corner
to air all the live sports action, this is one
place where the city's sport-lovers are sure
Turf Bar, Le Waterina The Boutique Hotel, 35, Kaveri Nagar (near Bella Ciao), Waterland to unite and cheer for their favourite teams
Drive, Thiruvanmiyur, Kottivakkam Beach, Chennai - 600 041. Contact: 044-24515435 during the big matches!
G Home
SPEND
C
atering to the social circuit that is on
overdrive, G Home has launched
a special range of glass products
this summer from renowned glass mak-
ers Walther, Riedel Glass and Krosno SA.
Besides this, G:Home's own selection of
top-quality glassware lends a uncomparable
touch to the entire collection. The range
on offer comprises water glasses, whiskey
glasses, wine glasses, vases, juice jars,
cocktail glasses, champagne glasses, flower
vases, snack bowls, cake platters, martini
glass, wine glasses and ice-cream bowls.
Besides the enviable price tags (` 300-
` 4,200), the designs and cuts will have you
spoiled for choice!
G Home, Gatsby Village, East Coast Road,
Neelangarai (044-24495010 / 24495020)
and 1/22 Radhakrishnan Salai
(044-28470990).

REGISTERED WITH THE REGISTRAR OF NEWSPAPER FOR INDIA UNDER NO. TNTAM/2011/0086
POSTAL REGISTRATION NO. TN/CH(N)/326 CHENNAI REALTY.BIZ JUNE 2011
Online edition of Chennai's Exclusive Real Estate Magazine

Chennai Realty Vol 1 Issue 1

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` 30

Vol : 1 Issue : 1  June 2011

S & P Living Spaces

1 Chennai Realty I June 2011 www.chennairealty.biz

Nolambur Main Road Rajagopal Pillai Nagar

3 Bedroom Flats 2 / 3 Bedroom Flats

1205 to 1365 Sq.ft 825 to 1145 Sq.ft

Covered Car Park Covered Car Park

As per Vaastu As per Vaastu

Projects under progress :

Dear Patron... Sales Manager

6 Chennai Realty I June 2011 www.chennairealty.biz

12 WHAT'S HOT: The face of Chennai's realty sector

26 62 City Musing: Dine and Spend in style

7 Chennai Realty I June 2011 www.chennairealty.biz

8 Chennai Realty I June 2011 www.chennairealty.biz

Vertica @ Gopalapuram Phase II Launch of Isha Yara

10 Chennai Realty I June 2011 www.chennairealty.biz

City-wise Price Rise Index

13 Chennai Realty I June 2011 www.chennairealty.biz

India's Most Competitive Cities

14 Chennai Realty I June 2011 www.chennairealty.biz

COMPETITION INSTITUTIONAL INFRASTRUCTURE

Precious little aide

15 Chennai Realty I June 2011 www.chennairealty.biz

CMA (Chennai Metropolitan Area) by 2021

VANDALUR NA 2,500 14,125

ORAGADAM NA 2,000 11,300

16 Chennai Realty I June 2011 www.chennairealty.biz

Luxury Location is our biggest advantage;

18 Chennai Realty I June 2011 www.chennairealty.biz

19 Chennai Realty I June 2011 www.chennairealty.biz

Category Luxury Township

20 Chennai Realty I June 2011 www.chennairealty.biz

22 Chennai Realty I June 2011 www.chennairealty.biz

innovative use of technology and new-

23 Chennai Realty I June 2011 www.chennairealty.biz

government authorities could be extended, making it possible for

24 Chennai Realty I June 2011 www.chennairealty.biz

TO MADURAI / DINDUKAL LAKE TO MANNAVA

'-9 with comforts of a modern lifestyle. 1 2610.0 5.90

R attractions and shopping areas, your3 2610.0

" home at Pearl Valley comes with 4the

19 property management services. 6 2646.0 6.00

No: 21st Road Anna Nagar, 1660, Main 9 3017.0 6.90

044 - 4553 " 10 2791.0 6.40

E-mail : 9palcitidevelopers@gmail.com, Web Site : www.palrealtors.com

" 11 2336.0 5.30

26 Chennai Realty I June 2011 www.chennairealty.biz

look spacious and comfortable is their main mo-

27 Chennai Realty I June 2011 www.chennairealty.biz

28 Chennai Realty I June 2011 www.chennairealty.biz

it is good for health and generates positive

29 Chennai Realty I June 2011 www.chennairealty.biz

7-day Weather Forecaster

30 Chennai Realty I June 2011 www.chennairealty.biz

Philips 9-inch Digital

31 Chennai Realty I June 2011 www.chennairealty.biz

Work from Home!

32 Chennai Realty I June 2011 www.chennairealty.biz

33 Chennai Realty I June 2011 www.chennairealty.biz

34 Chennai Realty I June 2011 www.chennairealty.biz

• Carbon monoxide - Usually found It adds to the chemical pollutants within

Vol : 1 Issue : 1 June 2011