chennai realty newsletter - may 02, 2011

8/6/2019 Chennai Realty Newsletter - May 02, 2011

1/5

weekly Nesletter on Real Estate in Chennai

Chennai Realty May 2011www.chennairealty.biz

Vol. 1: Issue 1

New Vision

New Team

Infnite

Possibilities!

Launch date : 21st May 2011

Available in Stands from June 2011

ASK Real Estate Special

Opportunities fund, a realty-focused private equity fund

has invested Rs.50 Cr in

a special purpose vehicle

(company) loated by

Chennai-based Real Value Group. The money

would be used for developing a residential

project at Kottivakkam in Chennai which will

see Real Value Group develop 6.75 lac square

feet of space on a plot of 4.32 acre. The

project is located close to Taramani Railway

station and in the vicinity of the IT corridor

on OMR and entertainment corridor on ECR

in Chennai.

Founded in 1995, Real Value Promoters

has completed over 7 million square feet of

construction and have another 6.5 million

under pipeline. The company currently has 3

on-going projects, Neel Kamal and Sai Surya

both on OMR and Sai Skanda at Velacherry.

Pipeline projects are coming up at Oragadam

and Greenways Road.

e-Stamping system launched in Tamil Nadu

Stock Holding Corporation of India(SHCIL), a public sector inancialservices provider, has lauched

e-Stamping system in Tamil Nadu.

With e-Stamping it is now convenientfor anyone to pay stamp duty online

without the hassles involved in

obtaining a stamp paper or franking

a document. The e-Stamping system

has been introduced to replace the

use physical stamps. The system is

secure and reliable and ensures the

S & P Fundan launchs

Lvng Spacs

Chennai based, S & P Foundation haslaunched its latest project oering LivingSpaces, Mogappair West Extn. Phase I to be

developed over 10.9 acres would have 592

apartments with a total built up area of 7 lakh

square feet with apartment sizes ranging from

550 sft to 1790 sft.

The entire project spread over 80 acres will

be developed over 5 years at an investment

of over Rs.1500 crores. When completed, the

township will have 2800 apartments and 300

villas. Living Spaces incorporates modern

infrastructure and social amenities catering to

a diverse community to meet their individual

tastes, lifestyles and budgets.

For further information, visitwww.sandp.co.in

Chennai caught in Sand Storm

stamp duty paid reaches the government safely. The system has done away with the risks associated with the

physical stamping of documents.

Important features include:

e-Stamp is available at no extra cost i.e you pay only the amount of stamp paper required

A single e-stamp can be purchased for any denomination

Third party veriication of e-stamp certiicate is possible for genuineness

An e-stamp can be purchased by paying cash /Demand draft , RTGS or NEFT

This facility has been made available throughout Chennai, Kanchipuram and Thiruvallur districts through

the branches of SHCIL and through select branches of Indian Bank, Corporation Bank and Central Bank. For

further information, contact Ms. S Karpagam, Area Manager, SHCIL-Chennai or visit www.shcilestamp.com

C

hennai developers are facing severe

shortage of construction sand

leading to the price of sand going up

by 3.5 times from Rs.15 per cubic feet

to over Rs.40 per cubic feet. Sometime

back the prices went as high as Rs.60 per

cubic feet as the High Court had banned

the use of machines for sand quarrying

operations and manual labour becoming

scarce.

The closure of sand quarries in theneighboring districts of Kancheepuram,Tiruvellore, Vellore and Villupurammeant that sand had to be transportedfrom as far as Tiruchi which is 330 kmsfrom Chennai. Add to this the wastage,over sized particles and heavy moisturecontent, the price works out to as high

as Rs.60 per cubic foot for concrete andRs.80 per cubic foot for plastering sand.The severe shortage has led to hoardingof sand making its availability very hardforcing builders to go slow on their

projects.

With Chennai

requiring about

10000 loads (200,000

tons of sand) every day,

there is a serious need

for developers to look at

alternative options to

sand as construction

cannot happen

without the basic

materials such as

sand, cement and

steel.

Nature takes

about 600 years

to convert rock into

1-inch of sand and

with large scale construction happeningall year round there is simply no sand

to mine. The prices of cement and steel

have already skyrocketed in the last 1

year putting builders margins under

severe pressure.

ASK s up wh Ral Valu

Dear Patron,

I am happy to present to you the

1st edition of PropWatch, our

weekly newsletter that tracks major

developments and important stories

in the real estate sector across India

and abroad. The intention is to give

a quick overview on issues which will

have a direct or indirect effect on the

real estate sector in Chennai.

This newsletter is yet another step in

our modest attempt to bring a new

dimension to media reporting on

real estate and construction sector

in Chennai. We believe in the saying

Nothing is Ever Perfect; There is

Always Room for Improvement. Hence

we request your honest feedback on

this newsletter which will help us

learn, improve and innovate as we

continue our journey to becoming areputed voice of Chennais real estate

industry.

Happy Reading!

Kishore Kumar

Editor

Chennai Realty.biz


2/5

Chennai Realty

WklyWalt Mt

TVS Group To

drive into

Low Cost Housing

The Chennai headquarteredautomotive group, TVS is allset to drive into the real estatesector with the planned launch of

their low cost housing project nearSriperumbudur at Nanmangalamabout 50 kms from Chennai. TVSHousing, a company incorporatedin March 2010 would be developing28 acres at Nanmangalam whichwhen completed will house over

2500 apartments. Key aspect ofthe township project involvesdevelopment of 1 BHK apartmentsin the size range of 385 500 sft tobe priced between Rs.7 and Rs.10lacs. The project is scheduled forlaunch in the 2nd half of the year.

Though there is a huge opportunityon Low Cost Budget Apartments,the concept has seen little interestfrom developers who feel thatthere is very little margin for them

to operate in the sphere and withthe giving rapid rise in the cost of

construction materials and interestrates, it will be dicult for them

to sustain protability unless its a

very large project of over 100 acres.The challenge again is that the low

income segment is not covered bytraditional home loan institutionswhich aect their aordability for

buying a home of their own.

Mall-oh-Mall

Chennai is all set to see an upsurgeof shopping malls in the next 12months. Till recently, Chennai which

played home to the 1st shopping

mall in the country in Spencer Plaza,

was lagging far behind in the supply

of quality retail space behind other

metros like Bangalore, Hyderabad

and even Cochin. Citi Centre and the

recently opened Express Avenue has

provided little succor for the average

Chennaiite who still feels lack of

proper shoptainment options in

Chennai.

Prominent malls at Chennai:S.

N.Mall Nam Lcan Dvlpr Ara (sf) Saus

1 Express Avenue Royapettah Express Group 9 lacs Operational

2 Ampa Sky Walk Aminjikarai Ampa Housing & Development 3.5 lacs Operational

3 Chennai Citi Centre Mylapore B S Abdur Rahman Group 1. 5 lacs Operational

4 Chandra Mall Virugambakkam National Compan 1.5 lacs Scheduled for launch

5 Spectrum Mall Perambur Ganga Foundations 1.2 lacs Scheduled for launch

6 Ramee Mall Teynampet Ramee Group 1.5 lacs Scheduled for launch

7 Coromandel Plaza Semmencherry Suryavardhan Estates 2.8 lacs Scheduled for launch

8 Grand Mall Velacherry P S Srijan Group 3 lacs Scheduled for launch

9 Riverside Mall OMR, Karapakkam Marg Group 10 lacs Scheduled for launch

10 Forum Mall Vadapalani Prestige Group 17 lacs Scheduled for launch

11 Forum Mall Nandanam Prestige Group 12.75 lacs Scheduled for launch

12 Ozone Mall Anna Nagar Ozone Group 14 lacs Scheduled for launch13 Allied Mall Siruseri Allied Housing 7 lacs Scheduled for launch

14 Velacherry Mall Velacherry Kshitij Group 21 lacs Scheduled for launch

15 Skycity Mall Poonamallee High Road Dugar Group 8 lacs Scheduled for launch

Infosys co-founder to

invest in hospitality sector

N S Rhn, one o the co-ounderso Inosys, is expanding his presencein the hospitality sector. NadathurHoldings, the investment vehicleowned by Raghavan, has ormed a

joint venture with Sri Lanka-basedSunshine Travels.

This joint venture is expected to invest

approximately $50 Million in a phasedmanner to develop, acquire andmanage hotel assets in dierent partso the country. In addition to investingrom the amily-ofce und, Raghavan,runs a venture capital und.

WELSPUN INFRA ACQUIRES 35 PERCENT

STAKE IN LEIGHTON CONTRACTORS

Welspun Infra Projects PvtLtd (WIPPL), a part of theRs 13,500-crore Welspun Group,

has acquired a 35 percent stake

for Rs 470-crore in leading project

development and contracting

rm Leighton Contractors, the

Indian arm of Australias Leighton

International. About 60 percent

of the share capital of WIPPL is

held by Welspun Infratech Ltd, a

subsidiary of Welspun Corp Ltd

(WCL) and 40 percent by Welspun

Infra Developers by way of an

investment of Rs 150-crore and

Rs 100-crore, respectively. The

balance Rs 220-crore is funded by

way of an external debt.

-15.73

-37.21

27.54

30.68

-6.76

-60 -40 -20 0 20 40

CONSTRUCTION

REALTY

BANKING

INFOTECH

RETAIL

Last Year

Last week

21732 22140

408

0

5000

10000

15000

20000

25000

Last week This week Up / Down

Gold (10gms in Rs.)

19590

19135

18900

19000

19100

19200

19300

19400

19500

19600

19700

Last week This week

Sensex

121.4 125.58

4.18

0

20

40

60

80

100

120

140

Last week This week Up / Down

Crude (per Brl in US$)

Forthcoming EventsHndu Metoplus Lestle Show

30 M - 6 Jun 2011

Chenn Tde Cente, Chenn

Luxu Homes 2011

7 - 9 Jul 2011

Chenn Tde Cente, Chenn

Metl Buldngs & Steel Stuctues

Expo 201123 - 26 June 2011

Pgt Mdn, New Delh

LifESTyLE

CoNSTruCTioN

rEaL

ESTaTE


3/5


4/5

Chennai Realty

Chennai ProPerty trends

Sub MaRketSaveRage ReNt iN May 2010

(Rs. / S r mnh)

aveRage ReNt iN apRil 2010

(Rs. / S r mnh)

CBD

(Anna Salai, Nungambakkam, RK Salai,T Nagar, Egmore, Alwarpet)

Grade A 70 - 100 70 - 90

Grade B 55 - 65 55 - 65

O CBD

(Guindy, Kiplauk, Taramani, Adyar, Anna Nagar)

Grade A 50 - 65 50 - 65

Grade B 42 - 47 42 - 47

Suburban Business District(Velachery, Perungudi, Mount Poonamallee Road)

Grade A 35 - 45 35 - 45

Grade B 30 - 40 30 - 40

Peripheral Business District(Perungalathur, Sholinganallur, Siruseri, Ambattur, GST Road)

Grade A 35 - 40 35 - 40

Grade B 25 - 35 25 - 35

CoMMeRCiAL

locatioNScapital value 2 bHk

(Rs./S)

ReNtal value 2 bHk of

1000 S (Rs./Mnh)

capital value 1 gRouNd of

2400 S (Rs. ls)

budget pReMiuM budget pReMiuM aveRage

ceNtRal

AbhiramapuramPerungudiTriplicane

8000

3800

7000

14000

4500

13800

15000

8000

8000

24000

12000

16000

250 - 350

70 - 120

200 - 250

NoRtH

AmbatturPurasawalkam

Shenoy Nagar

3000

8000

9000

4000

12000

12000

8000

12000

12000

12000

24000

18000

80 - 100

250 - 300

180 - 250

SoutH

Alandur

SaidapetKottivakkam

5500

5000

6000

7000

7000

7500

8000

8000

8000

14000

18000

20000

85 - 95

160 - 200

150 - 180

WeSt

Koyambedu

NungambakkamPorur

6000

100003700

7000

150004200

8000

160005000

20000

300008000

130 - 150

250 - 35055 - 60

outeR

TiruvallurKelambakkamOragadam

2100

2500

1800

2700

3000

2000

5000

6500

3500

7000

14000

6000

12 - 18

20 - 30

8 - 12

ReSiDeNtiAL

CoNStRUCtioN MAteRiAL PRiCe iNDex *

coMModity uNit MeaSuRe pReviouS Week cuRReNt Week

CEMENT Per 50 KG BAG Rs.270/- Rs.275/-

STEEL Non ISI 6MM / Ton Rs.38,500/- Rs.38,000/-

STEEL TMT 8MM dia / Ton Rs.42,100/- Rs.42,100/-

STEEL 10-25 MM dia / Ton Rs.40,900/- Rs.40,900/-

STEEL RMS / Ton Rs.45, 500/- Rs.44,500/-

STEEL STIRRUPS / Ton Rs.46,500/- Rs.45,500/-

STEEL VSP/SAIL 10mm dia / Ton Rs.46,800/- Rs.46,800/-

BRICKS 1 No. Rs.5.60/- Rs.6/-

RIVER SAND Cubic Feet Rs. 30/- Rs.35/-

FLY ASH Per Ton (Ennore) Rs. 100/- Rs.100/-

BLUE METAL 20MM / Cubic Feet Rs.26/- to Rs/29/- Rs.26/- to Rs.28/-

BLUE METAL 40MM / Cubic Feet Rs.24/- Rs.24/-

QUARRY DUST 0 2 MM / Cubic Feet Rs.15/- Rs.17/-

BITUMEN GRADE 80/100 Rs.36,246/- Rs.36,606/-

BITUMEN GRADE 60/7O Rs.37,198/- Rs.37,558/-

y

,

Wisdom is not a product

of schooling but of thelifelong attempt to

acquire it

Albert Einsten

Knowledge

is

Power

TerM Pricing

6 MonThs

(6 issues)rs. 150/-

1 Ya

(12 )r. 275/-

2 Ya

(24 )r. 500/-

3 Ya

(36 )r. 700/-

Subscribe Today !Chennai Realty

Monthly Real Estate Magazine

Cnac:Ms. Keerthana

87544 89129

[email protected]


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Chennai Realty

chennai realty newsletter - may 02, 2011

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