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New luxury apartment in Chennai for 75 lakh
Posted on Aug 28, 2015

Chennai,

Dharani Developers Private Limited, a division of PGP Group of companies, has launched a premium residential community, PGP Oaks, in Chennai.

The gated community in Ashok Nagar will have 112 luxury apartments built in an area of 1.20 lakh sq ft with the budget of 100 crores. The community will comprise of 72 two-Bedroom, Hall and Kitchen (BHK) and 40 three-BHK houses.

The homes are available from 75 lakhs for a two-bedroom flat. The project, which is already under construction, is expected to be completed in 18 months.

The apartments offer facilities like swimming pool, gymnasium, landscaped garden with jogging track, recreation area with indoor games, multipurpose hall and herbal garden.

Palani G Periasamy, Chairman, PGP Group, said, though the real estate market for residential buildings is down, the locations proximity to schools, hospitals and transport facilities will play an important role when buying a house.

The current pricing, which is only introductory, will increase based on the demand, he added.

The proposed apartment is close to Ashok Nagar and Ekkaduthangal stations of Alandur-Koyembedu metro line. Other projects of Dharani Developers are PGP Village with 182 luxury apartments in Coimbatore and PGP Manor in Kilpauk, Chennai.


ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing
Posted on Aug 28, 2015
ICICI Bank, Indias largest private sector lender, today launched the countrys first mortgage guarantee-backed home loan product that it claims to be more flexible in terms of both amount and tenure. Speaking at the launch of the scheme, ICICI Bank MD & CEO Chanda Kochhar said the home loan industry has been growing at 15 per cent for over 10 year ...

Palloor residents demand revision in land prices
Posted on Aug 28, 2015
KANNUR: The much delayed and discussed Thalassery-Mahe bypass road project, is heading for further complication, as the residents of Palloor in Mahe, through which the road would pass, have decided to demand the revision of the price fixed in 2011 and want four times the government-approved rate for land in 2015."Though the project was mooted in 19 ...

Residential Project Sobha Developers in Chennai
Posted on Aug 26, 2015
Chennais quickest developing private and business extend, the Old Mahabalipuram Road (OMR) brags of new private ventures coming up. One development emerges Sobha Meritta. Sobha Developers has added another quill to its top by offering the top of the line extravagance condo called Sobha Meritta. This new private venture situated at the picturesque ...

Commercial real estate up, residential down across major Indian cities, says report
Posted on Aug 26, 2015
MUMBAI: Average transacted office lease sizes across Mumbai, Bangalore, Chennai and Pune have increased from the uncertain times seen in 1Q14 - prior to the general elections, global property consultant JLL India said on Tuesday."Market morale was low in 1Q14, which could explain the lower sizes. Following elections in May 2014, however, market sen ...

Delhi-NCR, Mumbai among top 7 cities for affordable housing
Posted on Aug 26, 2015
Global real estate consultant Cushman & Wakefield in a report released in conjunction with CREDAI, at NATCON 2015 held in Istanbul, Turkey has said that it expects a strong demand in the top seven cities – Delhi-NCR, Mumbai (MMR), Bengaluru, Chennai, Hyderabad, Kolkata and Pune – that will drive the private sectors participation in creating afford ...

Commercial Spaces Ideal for Investments, Say Realtors
Posted on Aug 24, 2015
HYDERABAD: Normally, when people plan to  invest in properties, the first thing that comes to mind is residential properties. However, Hyderabads real estate developers feel that investing in commercial spaces will be a better option than residential homes.Realtors, though feel that due to lack of awareness among the general public, there are ...

Developments, prices make Lucknow attractive
Posted on Aug 24, 2015
Talk development and Lucknow doesnt lag behind. With the Public Investment Boards approval early this month, the nawabi city may soon witness the 23-km long North-South Corridor of Lucknow Metro.In another news, depositing house taxes may not be as cumbersome anymore, thanks to the Lucknow Municipal Corporations decision to take it online. Luckn ...

Property prices will never fall: Bengaluru realtor
Posted on Aug 24, 2015
Bengaluru, Aug 22: Real estate prices will never fall given the various taxes and guideline prices levied on property development, said a leading real estate player here. ”Almost 35 to 40 percent of a property cost is loaded with taxes. Stamp duty, service tax, tax, VAT and excise duty,” said Prestige Group CMD Irfan Razack on the sidelines of the ...

Urban affordable housing offers $12 billion opportunity for pvt sector
Posted on Aug 24, 2015
NEW DELHI: Urban affordable housing segment presents a $11.8 billion (Rs 75,800 crore) opportunity for the private sector, estimates real estate consultant Cushman & Wakefield in a report released in association with realtors body CREDAI.The consultancy, in a report released at NATCON 2015 held in Istanbul, pegs demand for affordable housing at 535 ...

Piramal to invest 200 cr in Dhobi Ghat project
Posted on Aug 24, 2015
Piramal Fund Management is investing 200 crore in Omkar Realtors Dhobi Ghat slum redevelopment project in Mumbai.The investment will be made in the proposed Saibaba Nagar SRA Coop Housing Society, commonly known as the Mahalaxmi Dhobi Ghat project, through the portfolio management service route.The century-old Dhobi Ghat is an open-air laundry are ...

SBI seeks nod to float teaser home loans at sub-base rate
Posted on Aug 21, 2015
State Bank of India (SBI) chairman Arundhati Bhattacharya on Thursday raised the pitch for re-introducing low-cost home loans that it had floated in 2010 in the aftermath of the global financial crisis, to kick start demand in the domestic economy.Popularly called 'teaser loans', these home loans carried low interest rate in the initial phase -- mo ...

Vastushodh launches largest affordable housing project
Posted on Aug 21, 2015
MUMBAI:Pune-based realty playerVastushodhProjects today said it has launched India's largest affordable housing project 'AnandGram' atBhandgaononPune-Solapurhighway. "We have launched India's largest affordable housing project 'AnandGram' at Bhandgaon on Pune-Solapur highway at affordable prices," Vastushodh Projects managing director Sachin Kulkar ...

SOBHA launches Boutique Homes – ‘Sobha Clovelly’
Posted on Aug 20, 2015
Sobha introduces the boutique living concept at Bengaluru whereby, each resident benefits from being part of a contemporary, stylish and exclusive development, strategically positioned within Bengalurus blue ribbon area (with close proximity to well established inner city suburbs such as Jaya Nagar, JP Nagar, Banshankari and Kadherinahalli). These ...

Serviced apartments make posh entry in Kolkata
Posted on Aug 20, 2015
KOLKATA: Check into five-star luxury living without checking into a hotel.Posh serviced residences, a concept relatively new to Kolkata, is already proving a big hit with Novotel, which has 48 apartments at its New Town property, recording a near sellout. Three more star residences are on the way that will take the inventory to over 330 apartments. ...

Pune-based developer offers interest free homes
Posted on Aug 20, 2015
Pune-based real estate developer, Guardian Developers, is launching interest-free housing, a concept that exists in the auto mobile and white goods sectors, into the residential real estate space.This scheme will give prospective buyers of choosing a unit from four projects that will soon be launched in Pune. Around 15 per cent of the total pool of ...

Builders Trim Average Flat Size by up to 26% in 5 Years: JLL
Posted on Aug 20, 2015
New Delhi: Average apartment sizes fell by up to 26 per cent in last five years across seven major cities in the country as developers are making smaller flats to boost their sales in a sluggish housing market, according to global property consultant JLL India.To beat slowdown in the real estate market, particularly the residential segment, builder ...

Marvel Realtors to build high end luxury project in Pune
Posted on Aug 18, 2015
Marvel Realtors and Developers, the Pune-based luxury real estate company, has launched new highend luxury residential project called Urban Palaces in Pune.Urban Palaces is an exclusive collection of Marvel residences which the company describes as lavish, and plush. Amongst the six projects under the Urban Palaces project, Marvel Simrose and Marve ...

Sinclairs Hotels to add more hotels in West Bengal
Posted on Aug 18, 2015
KOLKATA: Kolkata-headquartered Sinclairs Hotels is planning to add more properties in West Bengal, beginning with a new business hotel in Kolkata."We have already acquired around one acre land in New Town Kolkata. Plans for a 114 room property have already been sanctioned. The hotel will have extensive banqueting facilities and two restaurants, bar ...

Shapoorji Pallonji Group to create 20,000 affordable homes
Posted on Aug 18, 2015
The Shapoorji Pallonji Group has partnered with Standard Chartered Private Equity, IFC, a member of the World Bank Group, and the Asian Development Bank, to form a joint venture focussing on development of quality affordable housing projects in India. With a capital commitment of USD 200mn (equivalent to Rs. 1,250 crores), this is one of the larges ...




Recent Articles
New luxury apartment in Chennai for 75 lakh
ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing
Palloor residents demand revision in land prices
Residential Project Sobha Developers in Chennai
Commercial real estate up, residential down across major Indian cities, says report
Delhi-NCR, Mumbai among top 7 cities for affordable housing
Commercial Spaces Ideal for Investments, Say Realtors
Developments, prices make Lucknow attractive
Property prices will never fall: Bengaluru realtor
Urban affordable housing offers $12 billion opportunity for pvt sector

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