chennai realty vol 1 issue 1

www.chennairealty.biz1 Chennai Realty I June 2011

Chennai RealtyChennai's Exclusive Real Estate Magazine

Vol : 1 Issue : 1 June 2011

` 30

Chennai 2020The shape of things to come!The shape of things to come!

FocusChennai's Top 100 Projects

Project of the monthS & P Living Spaces

Developer of the month

Mehul Doshi


VinoThPromoTers & DeVeloPers P.lTD

mogaPPair Porur

Z-268, 5th Avenue, Anna Nagar, Chennai - 40. Ph : 044 4261 2076 email : [email protected]

NolAmbur mAiN roAd(behind dr. mGr Engg College)

rAjAGoPAl PillAi NAGAr(Near Porur junction)

www.vinothbuilders.in

Ready for occupation

Under Progress

ProjeCTs unDer Progress :

Call Now: 98409 03355 / 98409 22255

3 Bedroom Flats

1205 to 1365 Sq.ft

Covered Car Park

As per Vaastu

2 / 3 Bedroom Flats

825 to 1145 Sq.ft

Covered Car Park

As per Vaastu

MogaPPaiR WeST

NeRkUNDRaMVaLaSaRaVakkaM

ThiRUVeRkaDU

Jaswanth Nagar Nr. green Valley SchoolNear golden eagle TheatreNext to kesavarthani Bus StopPallava Nagar 800 Sq.ft - 1100 Sq.ft


editor & PublisherKishore [email protected]

editorial ConsultantInkWell Publishing

Production ManagerPrasanna

Design headNarayanan Sathish

Marketing ManagerLeslie Anburaj+91 [email protected]

Sales ManagerGeo Bruce+91 [email protected]

SubscriptionKeerthana+91 [email protected]

PhotographyStalin Ramesh

Website DeveloperVinzing Designswww.chennairealty.biz

Circulation headVS Ravi

Dear Patron...I am happy to present the 1st edition of Chennai Realty.biz, Chennai’s Exclusive Real Estate Magazine. It's been an exciting three months for us - from conceptualisation of stories, to getting the magazine print-ready for circulation. We have had our share of tribulations and pressures, but doggedly worked through to ensure we set a very high benchmark as Chennai Realty.biz also happens to be Chennai's 1st professional real estate magazine. We have designed the magazine keeping in mind the overall interests of home buyers and owners, giving them a 360-degree overview of the real estate sector – right from industry analysis, trends, forecasts, home styling, architecture, Vaastu, to finance, legal advise and technology. Do enjoy reading the cover story which will give you an understanding of Chennai's real estate market and how it is likely to shape up by the year 2020. My other favourites in this edition are the articles on Vaastu for your children’s room, and ideas on how to set up your perfect home-office. We understand that ‘location of choice’ is the foremost requirement of home buyers. To aide this, we have put together a list of the Top 100 projects across Chennai, classified on the basis of their location – North, Central, South, West and Suburbs. This should help potential home buyers compare properties in the location of their choice. I am particularly delighted to share our website www.chennairealty.biz, which is aimed at keeping you abreast of the latest happenings in the industry on a daily basis. Once you visit our site, you can also sign up for our weekly e-newsletter – PropWatch. We are committed to making Chennai Realty.biz a useful tool in the hands of home buyers and owners, and are all-set to deliver quality content in an easy-to-read format – bringing a new dimension to media reporting on the real estate and construction sector in this city. We believe in the saying: Nothing is ever perfect; there is always room for improvement. Your feedback and suggestions will help us learn, improve and innovate as we continue our journey to make Chennai Realty.biz a reputed voice of Chennai's real estate industry.

Kishore KumarEditor - Chennai Realty.biz

Editor’s Note

Chennai Realty.biz is solely owned, published and designed by Dimension 4 Infomedia LLP. Whilst every effort was made to ensure the information in this magazine was correct at the time of going to the press, the publishers cannot accept legal responsibility for any errors or omission, nor can they accept responsibility of the standing of the advertisers or editorial contributions. The views expressed do not necessarily reflect those of the publisher.

Marketing and Registered OfficeNo. 53-A, Church Street,

Thangam Colony,Anna Nagar,

Chennai - 600 040, INdIAContact: 044-26160216

Printed by NPT Offset Pvt Ltd

TNTaM/2011/0086


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

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

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!

62 City Musing: Dine and Spend in style

12

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Preview


Realty Bytes

e-Stamping system launched in TamilNadu The Stock Holding Corporation of India (SHCIL) has recently launched e-Stamping system in Tamil Nadu, which will replace the use of physical stamps. With e-Stamping, it is now convenient for anyone to pay stamp duty online without going through the hassles of obtaining a stamp paper or franking a document. The system is secure and reliable, and ensures that the stamp duty reaches the government safely, doing away with the risks associated with the physical stamping of documents. The highlight of using e-Stamping is that it is available at no extra cost; you pay only the amount of stamp paper required; a single e-Stamp can be purchased for any denomination; third party verification of e-Stamp certificate is possible; and it can be purchased by paying cash /Demand Draft, RTGS or NEFT. This facility is now available throughout Chennai, Kanchipuram and Thiruvallur districts, through SHCIL and select branches of Indian Bank, Corporation Bank and Central Bank. For further information, visit www.shcilestamp.com.

Caught in a 'sand storm'Chennai is facing severe shortage of construction sand leading to the price of sand going up by 3.5 times from ` 15 per cubic feet to over ` 45 per cubic feet. When the High Court banned the use of machines for sand quarrying operations, the prices went up as high as ` 60 per cubic feet. The closure of sand quarries in the neighbouring districts of Kancheepuram, Tiruvellore, Vellore and Villupuram meant that sand had to be transported from as far as Tiruchi, which is 330 km from Chennai. Wastage, over-sized particles and heavy moisture content have added to the price, which soars at ` 60 per cubic foot for concrete and ` 80

per cubic foot for plastering sand. The severe shortage has led to hoarding of sand, making its availability very difficult and forcing builders to slowdown their projects. With Chennai requiring about 10,000 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 this basic material. Nature takes about 600 years to convert rock into 1-inch of sand and with large scale construction happening all year round, there is simply no sand to mine. The prices of cement and steel have also sky-rocketed in the last year, putting builder’s margins under severe pressure.

aSk invests ` 50 crore in Real Value group ASK Real Estate Special Opportunities fund, a realty-focused private equity fund has invested ` 50 crore in a special purpose vehicle (company) floated by Chennai-based Real Value Group. The money would be used to develop a residential project in Kottivakkam in Chennai, which will see Real Value Group develop 6.75 lakh square feet of space on a plot of 4.32 acre. The project is located close to the Taramani Railway Station, in the vicinity of the IT corridor on OMR and entertainment corridor on ECR. Founded in 1995, Real Value Promoters has completed over 7 million square feet of construction and have another 6.5 million in the pipeline. The company currently has three on-going projects – Neel Kamal and Sai Surya on OMR, and Sai Skanda in Velacherry – with upcoming projects in Oragadam and Greenways Road.

TVS group to drive into 'low cost housing'The Chennai-headquartered automotive group, TVS is all set to drive into the real estate sector with the planned launch of their low-cost housing project near Sriperumbudur at Nanmangalam, about 50 km from Chennai. TVH Housing, a company launched in March 2010, will develop 28 acres in Nanmangalam, which will house over 2,500 apartments. The key aspect of this township project involves development of 1 BHK apartments in the size range of 385–500 sqft to be priced between ` 7 and ` 10 lakh. The project is scheduled to be launched in the second half of the year. Though there is a huge opportunity for ‘low cost budget apartments’, the concept has seen little interest from developers, who feel that there is very little margin for them to operate within this sphere, given the Sa(n)d Story: Chennai's running

out of sand, and quickly!


rapid rise in cost of construction material and interest rates. Another challenge is that the low income segment is not covered by traditional home loan institutions, which affect their affordability of buying a home of their own.

` 11,000 crore investment in the next 6 months

Tamil Nadu is likely to attract investments worth ` 20,000 crore in the next six months with nearly 15 companies — many of them on the ‘Fortune 500' list — expected to announce their plans to set up manufacturing facilities, according to senior State Government official, Velmurugan, Executive Vice-Chairman, Guidance Bureau, Industries Department, Government of Tamil Nadu. According to a recent report released by the RBI, Tamil Nadu is the third largest recipient of FDI. Of this planned investment, Chennai is likely to attract well over ` 11,000 crore, which will generate an additional employment for more than 48,000 people in the next 12 months. Currently ranked third in the list of the country's ‘Most Competitive Cities’ behind New Delhi and Mumbai, Chennai has slipped one position due to the power shortage which has plagued the state for the last 10 months.

2nd airport in storeThe Union Civil Aviation Ministry and state-run Airports Authority of India (AAI) held a meeting recently to discuss the possible construction of a second airport in Sriperumbudur. The Civil Aviation Ministry sources have estimated that the current Chennai airport could be saturated by 2017 and pointed out that parallel runways cannot be constructed at this venue. The Government of Tamil Nadu has identified about 4,820 acres in Sriperumbudur for this project of which nearly 2,000 acres have already been acquired. It takes 3–4 years for a green field airport to be built from scratch, which means that for the new airport to be ready by 2017, work would have to begin by 2014. Chennai will join the growing number of global cities with two airports, and is expected to provide employment for over 3,400 people directly, and another 5,000, indirectly.

Vertica @ gopalapuramChennai-based Landmark Constructions has launched a premium luxury apartment project Vertica on Peter’s Road in Gopalapuram, an up-market residential location in Chennai. Vertica, to be developed at an investment of ` 261 crore, will house 82 luxury apartments spread over 17 floors and will have 64 2,350 sqft 3-BHK apartments; four 2,000 sqft 2-BHK apartments and uber luxury fourteen 4-BHK duplex apartments at 4,300 sqft. Prices start from ` 2.89 crore. Vertica is packed with lifestyle amenities including an infinity pool, spa, gym, mini-theatre, indoor games room, bar and a party hall. It also features a fully-mechanised 4-stack state-of-the-art automated car parking facility capable of accommodating over 200 cars. The project is approved for bank loans with leading financial institutions and should be completed by November 2013. For more details, visit www.ourlandmarks.com.

Phase ii Launch of isha YaraIsha Homes has opened Phase II bookings for their project Isha Yara in Medavakkam. The project, spread across 5.91 acres, will have 444 budget apartments with a total built up area of 4.28 lakh sqft. The project comprises 1, 2 and 3 BHK apartments of size starting from 531 sqft to 1211 sqft. Phase II will have a total of 156 apartments consisting of 80 single, 28 double and 48 three bedroom apartments. Prices start from ` 19 lakh. Isha Yara will have lifestyle amenities like a clubhouse, gym, indoor games, children’s play area, landscaped gardens, power backup and 24/7 security. Phase I of this project consisting of 288 apartments is fully sold out and should be ready for handover by December 2011. Future projects from this brand's stable include a budget apartment complex in Tambaram and gated community villas in Coimbatore.For more details, visit www.ishahomes.com. N

ew L

au

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hes

Raking in the money: ` 11,000 crore and counting...

Realty Bytes

www.chennairealty.biz12 Chennai Realty I June 2011 13 Chennai Realty I June 2011


Real estate activity represents a key engine of economic growth. Residential as well as commercial

properties form an important part of asset formation; foremost it satisfies one of man’s basic requirement. It also provides an assured stream of return and utility value to the owner of the property by way of rental earning, durable consumption in the form of shelter and other residential/commercial services, as well as being a collateral for availing loans. Residential and commercial property accounts for a sizable share of the wealth of a nation.

The demand for real estate properties, particularly for private homes, depend primarily on the earning capacity of the prospective owner as also his borrowing capacity, interest rate structure for property loans and taxation policies.

Rise and fallLack of transparency in the residential property market transaction, absence of a single centralised regulator in a vast country like India and limited availability of price information pose important challenges in keeping track of real estate

City-wise Price Rise Index

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...

CheNNAI 2020 price dynamics. Movement in prices of real estate, particularly residential housing, is not only essential to the macro economy, but also to individual households. Internationally, construction of housing price index is an established practice amongst developed countries. Though the residential property market in India is very active, there are no organised markets which estimate the demand/supply forces, and track price movements. NHB RESIDEX is a pioneering attempt by National Housing Bank (NHB) to measure residential prices in India. The launch of

What's Hot


Competitiveness Rank 2011

Competitiveness

Rank 2010City Financial Physical

Communication

Administrative

Human Capacity

Innovation Score RankDemograp

hics

Income Distributi

onScore Rank

Intensity &

Diversity of Firms

Business Incentives

Score RankSupply Chain

Institutional

SupportScore Rank

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 92.07 97.09 1 88.60 73.20 80.90 12 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 89.35 92.10 3 89.13 61.20 75.17 33 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 90.50 92.68 2 94.30 60.17 77.24 24 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 68.54 80.92 4 95.39 55.32 75.36 45 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 75.54 69.88 5 68.99 56.05 62.52 56 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 63.99 66.65 6 70.38 53.78 62.08 67 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 59.16 58.13 8 59.34 49.1 54.22 118 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 56.40 61.43 7 62.19 49.49 55.84 99 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 53.73 52.42 12 57.21 53.98 55.60 10

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 55.25 53.68 10 52.84 46.75 49.80 1411 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 53.93 53.23 11 50.80 45.78 48.29 1512 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 51.79 51.34 15 65.09 47.18 56.14 813 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 51.8 56.84 9 58.73 54.23 56.48 714 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 52.17 51.85 14 51.94 50.17 51.06 1315 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 52.29 52.30 13 51.86 50.83 51.35 12

INFRASTRUCTURE DEMAND CONDITIONS COMPETITION INSTITUTIONAL INFRASTRUCTUREIndia's Most Competitive Cities

NHB RESIDEX is an effort to capture the trend of price movement in residential properties on a comprehensive scale across fifteen cities in India. Unlike other countries, India with its vast and diverse economy, states and population spread, presents a case where the escalation and fall of property prices largely depends on various local conditions. Any steep fall in prices can at best be localised bubbles and never at a national level.

Becoming a global CityChennai will be home to 8.75 lakh white-collar jobs, a state-of-the-art international airport, 142 km expressway, sprawling financial city, sports city, medical city, a global integrated satellite townships spread over 2,433 hectare area, MRTS stretching over 45 km by 2015 and another 55 km by 2020, 19 flyovers and underpasses and over 15 BRTS corridor by 2020. Chennai is a classic example, where the rise and fall of property prices have always been moderate. As compared to other cities, Chennai is considered a slow market where the majority of buying is done by end-users and not investors, as is the case with other cities. Even during the recent economic recession, while property prices

crashed by as much as 20–40 percent in cities like Mumbai, New Delhi, Bengaluru and Hyderabad, the corresponding fall in Chennai was less than 10 percent. This fact coupled with continuing demand drove a lot of real estate developers from outside Chennai to flock to the city in the last 3-4 years. This sudden influx of developers like Hiranandani, Puravankara, Mantri, Tata Housing, IVRCL, Embassy and several others has changed Chennai’s reputation of being a relatively 'sober' market.

Up the ladder...Chennai was a typically a medium-rise, high-density city, except for a few high-rise developments that dotted the skyline, with most apartment complexes having only 6 or 7 stories. Today, developers are not only coming up with buildings that extend up to 30 floors, but are also charging more ‘Floor Rise Charges’. Until 2005, the trend was the reverse with lower floors commanding premium prices and higher floor selling at a discounted rate.Competition among developers has also become severe with many new entrants in the Chennai real estate scene over the last two years. The steep escalation of prices within the city has forced the

larger developers to shift their focus to the suburbs which are now witnessing frensied activity. The continuing growth of the IT sector coupled with rise in manufacturing activities has given way to growth along select corridors like OMR, Sriperumbudur and Oragadam. Land prices have spiraled in the last few years, making independent houses and bungalows unattainable by an average home buyer. This has given way to community living by way of ‘apartment culture’, which has well and truly matured over the last few years. Apartments offer the best of amenities like round-the-clock security, club house, swimming pool, children’s play area, gym and landscaped gardens, making it possible for home owners to enjoy a good quality of life. There has also been an upsurge with demand for second homes going up considerably because of the high disposable income in the hands of the younger generation. Unfortunately the growth in the residential sector across the suburbs has neither been uniform nor balanced. The growth in social infrastructure like schools, hospitals, shopping and entertainment options has not kept pace with the residential growth

What's Hot


Competitiveness Rank 2011

Competitiveness

Rank 2010City Financial Physical

Communication

Administrative

Human Capacity

Innovation Score RankDemograp

hics

Income Distributi

onScore Rank

Intensity &

Diversity of Firms

Business Incentives

Score RankSupply Chain

Institutional

SupportScore Rank

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 92.07 97.09 1 88.60 73.20 80.90 12 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 89.35 92.10 3 89.13 61.20 75.17 33 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 90.50 92.68 2 94.30 60.17 77.24 24 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 68.54 80.92 4 95.39 55.32 75.36 45 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 75.54 69.88 5 68.99 56.05 62.52 56 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 63.99 66.65 6 70.38 53.78 62.08 67 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 59.16 58.13 8 59.34 49.1 54.22 118 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 56.40 61.43 7 62.19 49.49 55.84 99 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 53.73 52.42 12 57.21 53.98 55.60 10

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 55.25 53.68 10 52.84 46.75 49.80 1411 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 53.93 53.23 11 50.80 45.78 48.29 1512 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 51.79 51.34 15 65.09 47.18 56.14 813 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 51.8 56.84 9 58.73 54.23 56.48 714 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 52.17 51.85 14 51.94 50.17 51.06 1315 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 52.29 52.30 13 51.86 50.83 51.35 12

INFRASTRUCTURE DEMAND CONDITIONS COMPETITION INSTITUTIONAL INFRASTRUCTUREIndia's Most Competitive Cities

in the city’s suburbs, forcing many people to still commute long distances for work and other basic requirements.

Precious little aideThe government has done very little to help growth in the peripheral areas resulting in tremendous pressure on existing infrastructure like roads, power, water, etc. The lack of planned development and zoning meant the continuation of 'Mixed Development Concept' which in fact prevents the city from growing in an organised manner and be in a position to tackle growing rapid urbanisation. Though the Second Master Plan of Chennai Metropolitan Development Authority was released in 2008 with a vision for making Chennai ready for the year 2026, it still needs to be seen how far the government can implement a comprehensive land use and development plan in the next few years. Already, a lack of vision has resulted in a severe power crisis across the state and the day when such a crisis will spread to other critical services like water, sanitation and transportation is not far away.

The finer details With the projected population of the extended

What's Hot

As far as realty prices go, Chennai has accounted for the

maximum price rise among top 15 cities

over the last two years. Land prices within CMDA limits have sky-rocketed

making homes within city extremely

expensive

Sr. No. Item 2001 2011 2021*

PopulationCMDA Limits 4.34 million 4.68 million 5.51 million

Greater Chennai 6.52 million 7.84 million 9.75 million

2Population Density /

Hect. 247 276 335Area – CMA*

Chennai 154 sq.kms 176 sq.kms 363 sq.kmsTiruvallur 386 sq.kms 637 sq.kms 859 sq.kmsKanchipuram 194 sq.kms 376 sq.kms 508 sq.kms

4Employment Projections - 36.28 lacs 50.65 lacs

5g

CMA 15.85 lacs 19.96 lacs 31.64 lacs6 No. of Schools - 3509 4428

7 No. of Hospital Beds - 18400 26800

1

3


a look at how property prices in Chennai would shape up by the year 2020:

LoCaTioN aVg CaPiTaL VaLUe 2 Bhk (CoST / SQfT)

2000 2011 2020

aDYaR 2,000 12,500 64,500

aLWaRPeT 2,100 13,000 67,080

egMoRe 1,800 8,500 43,860

BoaT CLUB 4,000 25,000 1,29,000

MYLaPoRe 2,000 12,000 61,920

ThiRUVaNMiYUR 1,600 11,000 56,760

aNNa NagaR 1,650 10,000 51,600

kiLPaUk 1,650 10,000 51,600

MogaPPaiR 800 5,000 27,000

ChRoMePeT 900 4,700 25,380

MaNaPakkaM 800 4,500 24,300

NaNgaNaLLUR 850 4,300 23,220

T NagaR 2,500 12,000 61,920

VeLaCheRi 850 6,500 35,100

NUNgaMBakkaM 2,500 14,000 72,240

VaLaSaRaWaLkaM 850 5,500 29,700

PUZhaL Na 1,800 9,288

PaMMaL Na 2,700 15,255

TiRUVaLLUR Na 2,100 11,865

SiRUSeRi Na 3,500 20,125

PaDUR Na 2,700 15,525

keLaMBakkaM Na 2,500 14,375

SRiPeRUMBUDUR Na 2,100 11,865

VaNDaLUR Na 2,500 14,125

oRagaDaM Na 2,000 11,300

CMA (Chennai Metropolitan Area) by 2021 reaching around 15.26 million (5.51 million within CMA and 9.75 million in suburbs) from its current level of 12.48 million, the demand for housing in Chennai is expected to be around 31.64 lakh units by 2021, from its current 19.96 lakh units. This makes a case for sustainable growth of the real estate sector in Chennai over the next decade. Of this 31.64 lakh unit, almost 59 percent of the demand is for 2 BHK and above. As far as realty prices go, Chennai has accounted for the maximum price rise among top 15 cities over the last two years. Land prices within CMDA limits have sky-rocketed making homes within city extremely expensive. If you had invested in a ` 25 lakh apartment within Chennai CMDA limits in 2001, the good news is that your house has appreciated over 200 percent and is well worth over ` 75 lakh. For a plot of land, the appreciation is even more - to the tune of about 300 percent.

Looking ahead Going forward, the peripheral areas surrounding Chennai, will attract more and more developers and home buyers as the proposed MRTS and ORR (Outer Ring Road) will make it easier for people to commute to the city using public transportation rather than personal vehicles. Chennai has what it takes to make a global metropolis provided the government takes a unanimous view on shaping the city to meet the population demands by 2020 and partners private sector in an equitable and transparent manner to translate this vision of making Chennai a ‘global city’.It is also important for the private sector to take on the responsibility of looking beyond just profits to ensure the larger interests of the citizens of Chennai is kept in mind in the years to come.

What's Hot


Project of the month

Luxury ‘LiviNg spaces’S & P Foundation is all set to change the face of urban luxury living with its latest project offering – Living Spaces

Location is our biggest advantage; 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

easy for the residents to commute to the city and back. In addition, the project has been approved by all major banks and financial

institutions for home loans



Spread across 80 acres, just a 10 minutes driving distance from Anna Nagar, is an up market residential

locale in Chennai, aptly called Living Spaces. To be developed over 5 years at an investment of over ` 11,500 crore, Living Spaces will house a whopping 2,800 apartments and 300 villas on completion! Designed as a self-contained residential township with modern infrastructure and social amenities catering to a diverse community to meet their individual tastes, lifestyles and budgets, world class architects, have incorporated the best of modern-contemporary architecture and traditional values with specifications that match the best in the industry.

Green finger S Prabakar, Managing Director, S & P Foundation lets us in on his latest pet project: “Living Spaces will be one of the largest integrated developments undertaken in Chennai and is also our largest offering so far.” Phase I of the project is scheduled to have 592 apartments spread over 19

blocks and consists of 1, 2 as well as 3 BHK apartments in sizes starting from 555 to 1,790 sqft. With 67 percent open area, the project will have vast landscaped gardens and open spaces, making it a truly ‘green project’. The township will offer a variety of social amenities that would include a world class club house, party hall, air-conditioned gym, library and swimming pool, besides indoor and outdoor gaming areas. The project has scope for many other amenities including water purification and treatment plants, 24/7 security, power back up, piped gas, servant quarters, Wi-Fi internet access, etc.

great locationRaajes Parekh, Vice-President, Marketing, S & P Foundation is very optimistic about the success of this project, “Location is our biggest advantage; Living Spaces is just 6 km from Anna Nagar and is well-connected to a major road and the railway network in the area, making it easy for the residents to commute to the city and back. In addition, the project has been approved by all major banks and financial institutions for home

loans.” Located close to Poonamallee High Road, its proximity to prime industrial and commercial areas like Sriperumbudur, Ambattur, Anna Nagar and Nelson Manickam Road reduces the time spent on commuting and hence more ‘family time’. The proposed Metro Rail Corridor near Anna Nagar and elevated expressway to the city from Maduravoyal will further add to the project’s connectivity to the arterial parts of the city. Living Spaces will have its own commercial and retail spaces with 50,000 sqft dedicated to departmental stores, restaurants, coffee shops, salons, health centres and ATMs. With a land bank of over 370 acres in and around Chennai valued over ` 2,000 crore, S & P will soon launch two more residential townships - one in Mogappair West and another near Tambaram. The second project in Mogappair is scheduled to be developed over 18 acres and will be a 20-floor high rise apartment complex. The Tambaram project will be developed over 150 acres and will house more than 5,000 apartments and villas.

19Chennai Realty I June 2011


Category Luxury townshipLocation Mogappair west extn

(ayanambakkam)Land extent 80 acresphase i area 10.91 acresno. of units 592 apartments across 19 blocks

(1, 2 and 3 BhK)structure Stilt + 4 floorssize of apartments 555 – 1,790 sftunit Cost ` 18 – 60 lakhamenities • 67% open space

• Club house• Swimming pool• 50,000 sqft retail space• 24/7 security• Back-up power

Completion Date november 2012

S & P Foundation Private Limited AMC Enclave, 3rd Cross Street, 6, Sterling Road,

Chennai – 600 034. Contact: 044-66006600, www.sandp.co.in.



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


22 Chennai Realty I June 2011


While most developers in Chennai are only focused on looking into the future, Doshi Housing

is taking a step back by reflecting on their journey so far, as they celebrate their 30th anniversary. Executive Director, Mehul Joshi, who has spent over 15 years growing Doshi Housing from a small-time builder to a top-ranked developer with a clientele of over 2,500 satisfied customers today, is all smiles, “We have always been a strong player in the residential sector and continue to focus our strength predominantly on meeting the residential demands of our customers.”

a walk down memory laneIt 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 the real estate industry turned into the proverbial 'goose that lays the golden egg' and they have never looked back since! The company soon moved from a fringe player to becoming one of Chennai’s leading real estate developer with over 3 million square feet of construction under their belt and another million in the pipeline. Always willing push the boundaries for their clients, one of the many attributes to Doshi’s success over the last 30 years is persistence. “From the beginning, customer service and transparency has been the key attributes to our continued success,” says Mehul.

Pioneers in affordable mass housingDoshi was one of the early entrants into the mass affordable apartment housing in Chennai. “We really had a tough time convincing people about the 'apartment' culture. Our Sri Mahalakshmi Apartments in Adambakkam was the single largest apartment project back in 1995, with over 325 apartments. Today, high-rise living has well and truly arrived in Chennai!” he exclaims.

keeping up with the timesAccording to Mehul, the construction and real estate sector are one of the toughest businesses to be in today. While other sectors have been more or liberalised, the real estate sector continues to grapple with bureaucratic delays, archaic policies and procedures which have failed to keep up with times, resulting in creating an artificial scarcity for properties. “Why does a builder need to get 15 or more NOCs from independent authorities even before applying for approval from CMDA?” laments Mehul. Because of these pot-holes in the process, it takes anywhere between 6 months to 2 years for a project to get the approval of the CMDA in Chennai while the same takes only 90-120 days in other developed states like Maharashtra, Karnataka, Andhra Pradesh and Gujarat. In fact, such delays largely contribute to a mis-match in the demand and supply situation in Chennai, resulting in a sharp rise of property prices. Grappling with all these problems, Doshi Housing has to be complimented for finding other ways to improve their offerings through

innovative use of technology and new-age construction material, wherever the finances permit. As Doshi Housing gears up for yet another busy year ahead with three projects in Chennai - a 11-acre residential development consisting of over 1,234 apartments in Karapakkam on OMR, a 7-acre Villa project at Vengaivasal, off Tambaram-Velachery Road and a 5-acre high-rise project at Vanagaram, off Poonamalle High Road - it is clear that the company is headed for growth and will continue to generate prosperity for its customers, employees and construction partners.


Our Sri Mahalakshmi Apartments in

Adambakkam was the single largest

apartment project back in 1995, with over 325

apartments. Today, high-rise living has

well and truly arrived in Chennai!



In a conversation with Chennai Realty.biz, Mehul Doshi, Executive Director, Doshi Housing shares his views on the real estate scenario and prospects for Chennai. Excerpts from the interview -

how would you describe the overall real estate scenario in Chennai?The Chennai market has matured over the last few years with people finding more comfort living in apartments than independent houses. Of course, the rising land prices has also contributed to this change in attitude. Chennai has always been an end-user market with the demand for homes coming from actual buyers and not too much of speculative buying. The renewed IT growth, coupled with growth in manufacturing will continue to push the demand for residential units within and around Chennai for the next 2 years. There is a situation of oversupply in terms of commercial and IT space right now, but the current stock is likely to be absorbed over the next two years.

Why, in your opionion, have property prices gone up by as much as 30 percent in the last year in the city?The property prices have gone up on account of two issues. One: the long delay in getting approvals from CMDA and other

government authorities from as much as six months to two years before a project takes off, which directly adds to the cost of the land that remains idle till the project is launched. Two: the cost of construction material has sky-rocketed in the last year. Today, our average construction is around ` 1,600 per sqft for a regular apartment.

of late, there has been a spurt of projects being launched before getting the necessary

approvals in place. how does it affect the buyer and what precautions can they take to minimise risks?The buyer is taking a huge risk by investing in a project without CMDA approval as there is no guarantee that he will eventually get what he paid for. In addition, there would be unforeseen delays resulting in money blockage. Our advice to customers would be to invest in projects that have duly received an approval from the CMDA as a measure of safety, and to look at projects where ground level construction has already started.

Most city-based properties are unaffordable today, is it possible to deliver a 2-Bhk (900 sqft) at less than ` 25 lakh? It is possible if government comes forward to support developers with land banks at reasonable prices. Sometime back, there was an initiative, where the Tamil Nadu Housing Board invited developers to get involved in joint development on a Public-Private Partnership but it never took off as the policies and procedures were not clear. In fact, developers have suggested that the government should develop ‘Special Residential Zones’ on the lines of Special Economic Zones, where tax benefits

could be extended, making it possible for developers to offer a 2 BHK apartment at less than ` 10 lakh. Faster approvals and nominal taxation will help the real estate sector grow.

What is your take on the proposed ReRa (Real estate Regulatory authority - Ref: Page 36)? Will it help the industry become transparent and liable? Even without RERA, our industry is highly regulated. We feel the proposed RERA should also apply for government agencies involved in providing approvals and not just be biased against developers.

But don’t you feel there is an urgent need to regularise the industry, given the fact that there are no entry barriers or standards?You are absolutely right in pointing this out. While regulation is very much required and necessary, it should not defeat the purpose which is to make the industry transparent and liable in the best interests of the customer. Organisations like CREDAI have made it mandatory for their members to adhere to a strict Code of Conduct which goes a long way in making it obligatory for all developers to adhere to certain corporate governance standards.

it seems that while developers from Mumbai, Delhi, Bengaluru and even hyderabad have come to Chennai, there are very few Chennai developers who have gone to those cities. Why? One fact could be that most of the companies that have come to Chennai are listed entities, flush with funds and are aggressive in acquiring land banks at high prices, while Chennai developers have been more cautious on land banking.

finally, what does Mehul Doshi enjoy most about this industry?I was inducted quite early into this business and have always fancied it as it gives me the satisfaction of catering to one of the basic demands of humanity.



2

34

1

56

78

910

11

2120

1918

171615

1413

12

28 29 3031

3233

34 35 36 37

38394041

42

43

44

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48

4922

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25

26

27

50

51

52

53

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61

62

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77

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71

72

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787980

81

82

83100

84

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85

86

87

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91

92

93

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97

98

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104'-6"

24'-0

"

65'-3

"

72'-9

"

108'-3"17'-3"

65'-3"53

'-9"

14'-3" 43'-0" 25'-6"

66'-9

"

62'-9

"

60'-3

"

44'-9" 44'-9" 29'-0"

43'-3"

71'-0

"

74'-9

"

70'-9

"12'-3"29'-3"

7'-0"35'-3"

44'-9"

50'-6

"

63'-6

"

41'-0"

43'-3"43'-3"

43'-3"

65'-0

"

65'-9

"

66'-0

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66'-9

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67'-6

"

61'-0

"

43'-3"43'-3"

43'-3"

43'-3"

43'-6"

43'-6"

43'-6"

68'-0

"

53'-6

"

61'-9

"

63'-6

"

64'-0

"

64'-6

"

65'-0"

65'-0"

43'-3" 24'-0"

43'-6"

43'-6"

43'-6"

43'-6"

45'-3"

41'-3" 41'-3" 41'-3"41'-3"

45'-3"

45'-3"

76'-9"

41'-3"

41'-3"

41'-3"

41'-3"

41'-3"

49'-6"

42'-3"

43'-6"

42'-6"

28'-9"

76'-3

"4

3'-3

"4

2'-0

"1

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42'-3"

42'-3"

42'-3"2'

39'-3

"

62'-0"

71'-9"

63'

87'-9"

82'-0"97'-0"

100'-6"

95'-3"

103'-3"

108'-3"

89'-9"

34'-9"6'-3"

49'-9"

77'6

"

41'-0"

62'-0"92'-6"

69'-3"

41'-3"

40'-9"

60'-6"

63'-9"

47'-6"

52'-6"

41'-3"

41'-3"41'-3"

41'-3"41'-3"

44'-0"

50'-3"

59'-6"

50'-6"

74'-9"9

0'-3"

62'-3

"

84'-3"

66'-3"

83'-0"

16'-9"

34'-6"

45'-3"

43'-0"

32'-6" 9'-6"41'-0

"41'-0"

36'-3"

42'-9"

39'-0"4'-9"

73'-6"

36'-6"

97'-9"79'-0"

72'-9"

54'-9"

44'-3"

62'-0"

65'-0"

63'-0"

47'-6"

51'-3"

57'-6"

54'-0"

63'-0"

53'-3"

53'-3"

43'-6"

43'-9"

66'-6

"59'-0'

41'-9"

41'-9"

41'-0"

44'-9

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42'-6

"

41'-3"

78'-3

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31'-6

"

32'-0"

57'-0"

19'-9

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79'-6"

85'-6"

76'-9

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57'-0

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76'-9

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51'-0

" 60'-3"

51'-0

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92'-3

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46'-0

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46'-0

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72'-6"

45'-6

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98'-6

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61'-6"

48'-6"

54'-9"

53'-3"

90'-0

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65'-0

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64'-3"54'-6"

46'-0

"90'-9

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82'-9

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37'-9

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43'-6

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41'-0"

33'-6

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9'-3"85

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69'-0

"

41'-3"

41'-3"

41'-3"19'-6"

41'-0"62

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54'-0

" 50'-6

"

54'-0

"

63'-3

"

3'

45'-9"56'-3"

56'

56'

44'-3"

112'26'-0" 1

7'-9

"

45'-9"

10'-3"

42'-0"45'-9"93'-0"

54'-9"

52'-6"

27'-9"77'-3"

16'-3"24'-9"

55'-9" 56'-6

"

58'-3"

47'-9"

49'-3"

59'-3"

49'-9

"

50'-6

"

34'-6"

36'-6"

91'-9"

59'-0

" 81'-9"

38'-0"38'-0"

67'-9"

55'-3"

120'-3

"

30'-9"23'-0"

46'-0"

89'-3"

35'-3

"

58'-3

"

50'-9

"

43'-6"

26'-6"26'-6"

128'-3

"

61'-9

"

60

'-6"

KEY PLAN

N.T.S

PEARL VALLEYPLAN SHOWING THE LAYOUT OF HOUSE SITES IN S.No. 690, 691, 692, 693 / 1, ,2

VILPATTY VILLAGE, KODAIKANAL TALUK, DINDUGAL DISTRICT.

AREA STATEMENT :-

TOTAL SITE EXTENT

PLOT AREA

ROAD AREA

5.00 100

6.5099

2253.0

2852.0

5.20 98

7.7097

8.50 96

7.00 95

6.00 94

5.60

5.00

93

92

2277.0

3365.0

3734.0

3112.0

2679.0

2473.0

2253.0

4.80 2104.0

7.00 3065.0

3.90 1726.0

5.40 2383.0

6.30 2753.0

8.80 3845.0

7.00 3075.0

5.50 2404.0

8.10 3572.0

8.60 3793.0

6.80 2975.0

7.70 3385.0

5.60 2483.0

6.30 2777.0

5.30 2336.0

5.90 2591.0

5.90 2613.0

6.00 2637.0

6.00 2660.0

6.20 2718.0

6.40 2791.0

6.40 2811.0

6.00

5.70

2646.0

2506.0

5.70 2489.0

12.30 5368.0

8.60 3760.0

8.80 3849.0

8.20 3616.0

7.90 3474.0

6.60 2914.0

5.50 2431.0

14.20

5.30 91

5.4090

4.40 89

6.50 88

8.00 87

9.40

9.80

8.00

7.70

8.00

86

85

84

83

82

2335.0

2381.0

1924.0

2861.0

3493.0

4124.0

4310.0

3520.0

3390.0

3524.0

9.04009.0 81

12.305371.0 80

6.90 3018.0 49

23

11.905225.0 79

11.50 5050.0 78

77

76

75

74

73

72

71

8.30

6.20

5.90

3639.0

2721.0

2608.0

70

69

68

67

66

65

64

63

5.40 2368.0 62

5.00

4.50

4.60

4.10

4.50

5.40

5.70

5.10

4.80

2216.0

1974.0

2021.0

1800.0

1974.0

2383.0

2499.0

2231.0

2122.0

61

60

59

58

57

56

55

54

53

4.90 2178.0 52

6.00

8.10

7.50

8.60

9.40

9.90

8.20

4.60

4.40

2642.0

3550.0

3272.0

3791.0

4106.0

4344.0

6200.0

3615.0

2011.0

1945.0

51

50

48

47

46

45

44

43

42

41

5.10 2234.0 40

7.30 3187.0 39

38

6.10

5.30

4.60

4.80

2680.0

2330.0

2018.0

2122.0

37

36

35

34

33

6.30 2752.0 32

7.70

8.10

7.25

9.20

8.50

3380.0

3550.0

3165.0

4015.0

3747.0

31

30

29

28

27

26

25

24

22

6.30

6.20

6.10

2754.0

2730.0

2683.0

21

20

19

18

17

16

15

14

13

12

11

6.90

6.80

5.90

8.40

5.90

3017.0

2987.0

2610.0

3690.0

2610.0

10

9

8

7

6

5

4

3

2

1

37714000.00

29822400.00

7891600.00

3503716.09

2770568.56

733147.52

865.00

684.00

181.00

PAL CITI DEVELOPERSNo : 1660, 21st MAIN ROAD ANNA NAGAR,

CHENNAI - 600 040, PH : 044 - 45536747, 45536106,

E- MAIL : [email protected], WEB SITE : www.palrealtors.com

N

w e

s

Sq.MtSq.Ft CentsPARTICULARS

Cents Sq.FtS.NoCents Sq.FtS.No

1 31690

1 78691

1 93692

0 67693 / 1

693 / 2 2 97

CentsAcresSURVEY No

GREEN VALLEY

TO MADURAI / DINDUKAL

PERUMAL MALAI

TO PALANI

TO VILPATTY

STERLING RESORTS

TO KURINCHI ANDAVARTEMPLE

GREEN CREST

PEARL VALLEY

HAIRPIN BENDS

GOLDEN VALLEYNAIDU PURAM

TO OBSERVATORY

TO POOMBARAI

TO MANNAVANUR

TO PERIJAM

MOYER POINT

PILLAR ROCK

KODAIKANAL

LAKE

Pearl Valley luxury Villa Plots @ Kodaikanal

Finally an opportunity to have your own dream holiday home built to suit your family. Villa plots at Pearl Valley offer you the perfect spot where you are made to feel at home in the lap of Mother Nature with comforts of a modern lifestyle.

With driving distance to major tourist attractions and shopping areas, your home at Pearl Valley comes with the advantage of professional facility and property management services.

Location Map

Pal CiTi DeVeloPersNo: 1660, 21st Main Road anna Nagar,Chennai - 600 040. Ph : 044 - 4553 6747, 4553 6106,e-mail : [email protected], Web Site : www.palrealtors.com


Comfort Zone

A walk around Sharad and Ratika Hak sar's home gives you a quick lesson into how to live a clutter-free life!

“Unless something is aboslutely neces-sary, we don't have it in our home!” echo the duo. In fact, when they go out shop-ping, their main objective is to ensure that anything they buy is useful and minimalis-tic. Ratika's passion for embellishment and jewellery compliments Sharad's new-found love for interior design and together, they have a home that is truly warm, welcoming and comforting. “We spend most of our time in the living and dining rooms,” smiles Ratika, as she shows us around the house. The fascinat-ing lights that have been placed around the rooms catch our fancy. “Sharad, being a photographer, loves to play with lighting

and is very interested in light as a concept. So, if you ask me, I would say the highlight of our rooms is the wonderful lighting. Es-pecially in the evening, all the rooms look cozy and very comfortable,” she explains, noticing our curiosity. At at time when most people are adding bold colours to their interiors to brighten it up, the Haksars are happy to go with the white look. Why all-white, we wonder... “All of us at home have a very hectic lifestyle, and when we come back in the evening, we just want to relax. White has a calming and peaceful effect, so we decided to go with it. It has worked well because invari-ably, we spend most of our time between the dining and living rooms!” Ratika exclaims.So while all their walls remain white, the

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 Sharad's, Ratika took it upon herself to organise the whole place in accordance with the theme. “There are many fabulous stores these days where you can pick up just about anything you fancy, but I find that East India Furniture in RA Puram has some of the best furniture on offer. In fact, most of our home is done up with their stuff!” reveals Ratika. And though they in love with their 'white' home, the Haksars are not in any way old-fashioned or clueless about the goings on in home and interior trends. “Both of us like to keep our home contemporary, but are also keen on having a lot of space around the house. So, striking a balance between the two has been the key,” smiles Ratika, adding that making all their living areas

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


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...

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.”



Vaastu Speak

While 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 should ideally be kept facing south-west, south or west. Also remember to avoid clutter.

Lights: Fix your lights on the south wall and south-east corner in children’s room as

No Child’s pLay!

Designing a children’s room is no more child’s play. Parents are required to keep in mind the changing tastes of their children, so that they are not only made to feel comfortable, but also grow up smart and healthy – Suresh, Subhavaasthu


it is good for health and generates positive energy. Yellow or spot lights create mental strain so avoid using them.

Colour scheme: As we all know, colours are directly related to the mood.. Green or yellow is ideally recommended for children’s room as it gives freshness, peace and increases brain power. Avoid using dark colours.

Doors and windows: The door should be in the west or the north. Windows in the east and north of the room are beneficial.

N Ne e

NW Se

W SW S

Avoid

Boy's RoomGirls'Room

Excellent forKids Room

ChiLDReN'S RooM LoCaTioN

Vaasthu Shastra is based on the interplay of the five elements of nature (Wind, Water, Earth, Fire, Space) and the four directions

(East, West, North, South). Following some of these principles will benefit the occupants of such

space to reap benefit from the natural flow of energy.

What is Vaasthu Shaastra?

Vaastu Speak


Slingbox by SlingMediaCool gadget that lets you to watch your home TV via the Internet on your computer or cell phone!

Tech Talk

Home Massage ChairAfter a rough day, come home to a gentle soothing massage.

7-day Weather ForecasterThis 7-Day Weather forecaster gives you the tools to be prepared all week for the weather conditions ahead

It all started with the invention of the TV remote, which made tasks like choosing channels and adjusting volume much

easier, without moving from your couch. And, that was the beginning of the 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, security alarms, and door video phones. 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 technology news, it's no secret that home automation technology is becoming hugely popular. ‘Smart homes’ are not just cool, but also offer an immense amount of functionality that cannot be matched by homes that do not incorporate automation. Most people would agree that home automation is here to stay, and that it will only become more advanced as time goes on. The following are some of the coolest trends in home automation technology for your home…

the Next Big thing!

Home Cinema ProjectorsHome Cinema Projectors offer the ultimate

way to experience larger-than-life movies and sporting events in the comfort of your home.

NANO O2 Advanced Air PurifierExciting new technology — patented Photocatalytic Oxidation using nanotechnology.

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…

SmArT Homes

Roomba 570The best robotic vacuum yet…


Tech Talk

Philips 9-inch Digital Picture FrameEnjoy zoom-and-pan slide shows on 9-inch photo frame. You can interchange with metal, black, white or red frames.

Wireless Lighting Starter KitAutomated home control with wireless home-control networking technology.

INSTEON Holiday Remote Wireless KitINSTEON Wireless Remote makes it look like you are at home.


Whether it is used full-time, or it 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,

WOrK frOm Home!Create a comfortable and productive office at home. Here’s how– Kirsten Silven

Trend Turner



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!

Vijayalakshmi 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.

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



• Carbon monoxide - Usually found in combustion fumes, a by-product of camphor burning, use of room heaters etc.• Asbestos fibers - This is usually in homes or rooms where asbestos sheets have been used.• Tobacco smoke

home Remedies Ventilation: This is one of the most important aspects of keeping your rooms smelling fresh and healthy. The old adage of having enough sunlight in the room to purify the air still holds good. Cross-ventilation is essential but if you are staying in an apartment or rooms that are spaced out differently, it is essential to have air purifiers and maintaining hygiene to eliminate spores and bacterial growth.

hygiene: Covering the bed with a bedcover that can be removed when you sleep is important. Likewise, washing your linen and towels regularly and adding a small capful of disinfectant like Dettol is good. This helps eliminate proximity to microbes and fungal infections. The drains in the building / house require complete cleaning to ensure that it does not become a breeding ground for microbes.

Managing pets: Your dog may be the apple of your eye, but ensure that it

does not climb on beds and sofas, leaving them covered with a layer of hair. Having lint removers, grooming the dog regularly and attending to its hygiene are important aspects to eliminate pollutants in the air. Pet hair has numerous dust mites and other microbes that are one of the leading causes of asthma, allergies, skin infections and respiratory diseases.

Say No to smoking: Well, even if you cannot stop smoking, it is best not to smoke at home or within the room. Not only is passive smoking equally harmful to people in the room, but the furnishings and walls absorb nicotine.

It adds to the chemical pollutants within indoor air.

organic pollutant removers: Most people light up dhoop and agarbattis. The non polluting feature of lobans, dhoop and agarbattis are known to disinfect and purify the indoor air, apart from having a fragrant aroma that is eco-friendly, unlike chemical air fresheners.

Clean furnishings and furniture: It is best to periodically clean the furniture, dry clean carpets and curtains, clean and service fans, air-conditioners and electric chimneys. They may not seem to be harbingers of infections, but you’ll be surprised how much dirt they can collect with time. In line with the popular eco-friendly cleaning products available with major brands such as Amway, you can be sure to eliminate grime and dirt without compromising or adding chemicals to the air.

indoor plants: The ALCA (Associated Landscape Contractors of America) and NASA conducted a study during the 1980s that concluded that houseplants not only beautify your home’s interiors, but also improve your IAQ by purifying the air.

Using air purifiers and air conditioners: To counter the growing natural ventilation constraints at home and in commercial establishments, numerous companies have launched air purifiers. Some notable ones include: Euroair Energie and Euroair 2, while LG promotes its own range such as PS-S200WC, PS-MK450, PS-N550WP and PS-M550. There is a demand of products with HEPA (High Efficiency Particulate Air filter) to counter the tiniest of the pollutants. A range of heating and air-conditioners are available with filtration systems from brands such as LG, Videocon, Whirpool and Hitachi that you can look into. So, the next time you’re down with a respiratory problem or skin infection, don’t forget to first check if you home is well-equipped to protect you from pollutants and problem-makers!

12 houseplants that help make your indoor air quality better -

• Bamboo Palm • Chinese Evergreen• Dracaena• English Ivy• Ficus or Weeping Fig• Gerbera Daisy• Golden Pothos• Mother-in-Law’s Tongue (Snake Plant)• Peace Lily• Philodendron• Pot Mum• Spider Plant

Health Quote


Policy Police

Finally, there will be some sort of a benchmark on how, what and where to build – a move from the

Union Ministry of Housing and Urban Poverty Alleviation that will hopefully change the face of our cityscape for the good. The Real Estate Regulatory Authority (RERA) Act proposes to establish a regulatory authority to control and promote construction, sale, transfer and management of colonies, residential buildings, apartments and other similar properties. It provides for compulsory registration of all real estate projects where: (i) The area of land proposed to be developed exceeds 1,000 square meters or 10,000 square feet; or(ii) The number of apartments proposed to be constructed exceeds four.For obtaining registration, besides furnishing other details and information, the developer would have to furnish a bank guarantee equal to 5 percent of the estimated costs of development work to the local authority or other authority having power to give permission for construction or development of land. The registration is valid for three years. Where delay in completion of the project is for reasons beyond the control of the developer, the developer can seek two renewals of one year each.

obligations of developer The Act details the obligations and responsibilities of the developer –

• The project cannot be advertised before it is registered with the authority. This registration will ensure that the project has obtained all sanctions.

• The advertisements should be specific and clear. There should not be any misleading images or highlights about the project.

• Builders should use proper terminologies and will be required to give a detailed specification of carpet area, super built-up and floor area. In addition, they also need to give information about all the extra charges levied for common spaces such as corridors, parking and lifts, etc.

• The act makes it compulsory for the developer to enter into an ‘Agreement for Sale’ in a specified format with the prospective buyer, before accepting any deposit or advance.

• The draft has made it mandatory

for developers to allow all prospective buyers to inspect all documents pertaining to

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

Get ready for rera!


Policy Police

approvals, sanctions, any other relevant document related to the property. • Developers are required to intimate

buyers, in case they have taken any loan against that property.

Transparency and powers of the Regulatory authorityThe Regulatory Authority shall host the website of records of all real estate projects in its jurisdiction and shall ensure compliance of the obligations cast upon the developers and allottees. The Regulatory Authority has the power to decide any dispute between a developer and an allottee regarding failure on either part to meet its obligations.Establishment of Appellate Tribunal The Act provides for establishment of a Real Estate Appellate Tribunal (Appellate Tribunal) to adjudicate any dispute and hear and dispose of appeal against any direction, decision or order of the Regulatory Authority. The Act also ousts the jurisdiction of civil courts to entertain any suit or proceeding in respect of any matter which the Regulatory Authority or Appellate Tribunal is empowered to determine.

offences and penalties Penalties have been prescribed for violations of the provisions of the Act. The penalties range from up to three years imprisonment for not registering a project or for not complying with the orders of the Appellate Tribunal, to monetary penalties which may be ascertained on a daily basis for non compliance or as a percentage of the development costs or sale price.

What it means…Litigation in India is known to be a prolonged process and only remedies available to a consumer in a dispute with a developer are to file a suit in a court of law or approach the consumer courts. With the enforcement of this Act, the consumer will now be able to have their grievances redressed through a specialised body. Though this Act is a welcome step as it seeks to bring in much–needed

transparency and accountability by seeking to regulate the so-far unregulated real estate sector in India, it needs ensure that it does not add more ‘red tape’, thereby defeating its own purpose of streamlining and simplifying real estate transactions in the country. When properly implemented, it will provide considerable relief to the ordinary investor

who has to otherwise go through many obstacles to purchase a property and at times is even duped by small developers, builders or brokers. By imposing strict obligations on the developers, the Act seeks to ensure that construction is completed in a timely manner and on completion, the buyer gets the property as per the specifications that

he had been promised. Further, by seeking to establish the Regulatory Authority and Appellate Tribunal, the Act provides a forum where disputes could be heard by a specialised expert body, which would result in expeditious dispensation of justice. The Act also ensures that allottees do not default in making payments and the Developers receive periodical payments. By providing for penalties for both the developers and allottees, the Act seeks to ensure than non-compliances would be minimal. Thus once enforced, the Act will ensure that all real estate transactions are carried out in a just, fair and lawful manner.Furthermore, the Act makes it mandatory for all sale agreements to be registered. The Indian Registration Act, 1908 does not provide for compulsory registration of an Agreement for Sale since such an agreement by itself does not create any interest in immoveable property but merely gives the right to obtain another document, which when executed would create right, title and interest in immoveable property. This would further protect the interests of property purchasers.

And, finally…Though the Act will be a boon for property purchasers, it has however received much criticism from developers, who have long complained about the delay and difficulty in obtaining approvals for construction from various government agencies and have the addressed the need for single window approvals. This issue has not been addressed in the Act.The Act also does not make it clear whether it will be applicable only to projects where construction has not been commenced or also to existing projects where development has already been initiated. Lastly, though the Act provides for a list of disclosures to be furnished by the developer, the list could be made more exhaustive to bring real estate practices in India in conformity with the best practices of the Western world.

Though RERA will be a boon for

property purchasers, it has received

much criticism from developers, who have long complained about the delay and difficulty in obtaining approvals for construction from various government

agencies and have the addressed the need

for single window approvals


Expert Speak

My uncle has a property in kacheepuram, 60 km from Chennai, in a village. if the property is mortgaged by a bank what can do they do? is there something that can be done on the property papers? Please advice.M kumaresanMortgage information is an inseparable part of the Sale Process. In fact, you can even sell the house with the mortgage, but first get into an agreement of sale. In such a case, the purchaser or his bank can clear your loan and the balance will be paid to you. In this procedure both the buyer and the seller undergoes additional formalities. The loan is not transferable from the seller to the buyer. The new loan amount will be treated as a fresh one. If the buyer takes the loan from the same bank/HFC he/she has to submit new documents for the loan processing.

I have booked a flat in OMR in october 2008 and we were told that we would get possession of it in 24 months. i do not think they will give hand over the keys for at least another year or so. Can we take any legal action against the builder? i have already paid a hefty interest... gk VasuIt is better to form an Association with representatives from each of the flats in the premises and then give a notice to the builder referring to the relevant provision of the Flat-buyers’ Agreement. After the notice period is over, immediately take this problem to the Consumer Court. Another option would be to check if the builder is a member of CREDAI. If so, you can approach them to resolve your problem.

Recently, I booked an apartment with a leading developer in Chennai. While I have been charged for the Super Built Up area of 1,750 sqft, I was told that I will only get 1,137sqft as carpet area. Is there a fixed ratio for SBU vs. Carpet Area? How do we know we are paying the right price?Gayathri Ramaswamy

There is no fixed ratio for SBU and Carpet Area. It varies from builder to builder and also depends on the kind of development. For example, a small 6-in-1 apartment complex will have less common area whereas a township will have a larger common area. As a thumb rule, the carpet area should be usually between 70–80 percent. In your case, it’s a little more. You could probably ask the builder to give you a complete break-up of the area statement of the project to arrive at the right carpet area.

What is the approximate tax on a 3 Bhk apartment that is sold after owning it for 15 years, if the profit from sale is above ` 80 lakh?Maya Rajan

Capital Gain = Sell Price – Indexed Purchase Price. Indexation is a technique to adjust income payments by means of a price Index, in order to maintain the purchasing power of the public after inflation. We must understand that prices in general also rise, so the actual price should not be used while computing the profits, rather it should be indexed as per inflation in the country, so that people can get the real value from sale of their assets. Indexed Purchase Price = Purchase Price x (CPI for current year / CPI for year of purchase).Once you have the Indexed Purchase Price, you can subtract it from Sale Price and get your capital gains (Consumer Price Index – CPI).In case of individuals and HUF, long-term capital gains are exempt if the sale proceeds are reinvested in certain assets. These exemptions are subject to certain conditions and the reinvestment has to be made within the prescribed time.

What is the procedure of aadivasi Land Purchasing, where the buyer can either be an aadivasi or Non aadivasi?Dinakaran eGenerally, lands belonging to Scheduled Caste and Scheduled Tribe grantees cannot be alienated. Laws prohibiting transfer of 'granted land' have been enacted by different states in terms of the preamble of the Constitution to provide economic justice to the Scheduled Castes / Scheduled Tribes and other weaker sections of the society and to prevent their exploitation in terms of Articles 46 of the Constitution. There are many levels of vigilance and monitoring checks to prevent any illegal transfer of such grant land. Of course, there is difference between a 'granted land' and 'land 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

[email protected] with Reg: Expert Speak in the subject line and have your questions answered in our next issue

&Q a


Smart Money

how would you rate the Chennai real estate market to other metro markets like Mumbai, Delhi and Bengaluru?The dynamics of the real estate market in Chennai has changed in the last 6-7 years. The entry of pan-India players and large townships by local developers has changed the face of realty development in this city, which earlier never had large projects. The Chennai market, unlike other markets, is more end-user driven and price-sensitive. The prices in Chennai have not increased as sharply as they have in Mumbai and Delhi in the last year.

Tell us about the demand for home loans, given that interest rates are going up…The demand for home loans has been good and our loan disbursement growth has been on expected lines.

Where do you see the interest rates going from here? A lot would depend on the stand the RBI takes to control inflation.

What percentage of your home loan portfolio in Chennai is for second/third homes?About 12-15 percent of our business comes from the resale market.

hDfC has always been a very strong brand for home loans. What new initiatives are you taking to retain this lead?Customer service has always been our primary objective. Every customer touch point in our organisation is aware of this objective. Our strength is in our workforce where we have staff who understand the nuances of the business and can guide the

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 important factor to be looked into. Choose the right Housing Finance institution which will provide complete assistance in the due diligence of the property and not merely a home loan. HDFC has, over the years, provided complete assistance to customers when it comes to property purchase.

What is your take on the future market scenario for residential, commercial and retail segments across Chennai?The off-take of residential properties has been good in the last 12 months. Going by the trend, the sale scenario is expected to be good, provided developers do not increase prices and there is considerable progress in construction. The commercial IT supply is still a concern; both in terms of sales and lease, it has not kept in pace with supply.

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…


It is known that Non-Resident indians (NRis), Persons of indian origin (Pios) and foreign National

of Non-indian origin can acquire immovable Property (either residential or commercial) in india by way of purchase, gift, inheritance, or share of joint property received upon partition of family/property, etc as per the guidelines laid by the foreign exchange Management (acquisition and Transfer of immovable Property in india) Regulations, 2000 (feMa). But, there are some crucial guidelines to be followed while buying property…

Purchase

The Reserve Bank of india (RBi) has permitted the following categories of NRis/Pios to acquire immovable Property (other than agricultural land, plantation or farm-house property) by way of purchase, provided the payment is made out of foreign exchange inward Remittance or any Non Resident Bank account in india, that is (Non Resident external (NR(e)), foreign Currency Non Resident account (fCNR(B)) or ordinary Non Resident Rupee account

a/c (NRo) in connection with acquisition of immovable Property in india –

• A Non Resident who is a citizen of india

• A Non Resident who is a Person of indian origin (Pio)

• A Non Resident who has established in India a branch office or other place of business (excluding a liaison) office

There are no restrictions on the number of residential/commercial properties that can be purchased.

gifts

general Permission is granted to acquire any immovable Property (other than agricultural land, plantation or farmhouse property) by way of gift from a person (donor) who is – • A Person Resident in India, or • A Person Resident outside India

(NRi) who is an indian citizen or foreign citizen of indian origin.

Provided, applicable gift Tax if any has been paid at the time the immovable property is being gifted.

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

Vanakkam India



foreign Nationals of Non-indian origin Resident outside india Resident in india

Residential StatusThey do not meet the criteria of having resided in India for 182 days or more.

They meet the criteria of having stayed in India for a period of 182 days of more. They may also be referred to as Persons Not Permanently Residents.

acquisition of Property in india

Cannot purchase any Immovable Property in India. Cannot be added as a second holder to a property purchased by an NRI/PIO.

Can purchase Immovable Property after obtaining the necessary approvals and fulfillment of requirements, if any, prescribed by the concerned State Governments.

Reserve Bank of india (RBi) Conditions

Can take up residential accommodation on lease, provided that the period of the lease does not exceed five years. In such cases, there is no requirement of taking any approval from the Reserve Bank of India.

Prior approval of RBI not necessary for a citizens of other countries other than those of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan.

inheritance

General Permission is granted for inheritance of Immovable Property including agricultural land, plantation or farm-house property from – • A Person Resident in India, or • A Person Resident outside India who

may be an Indian citizen or Foreign Citizen of Indian Origin provided such person had acquired the said property in accordance with the provisions of FEMA.

Hence, agricultural land, plantation or farmhouse property can be acquired by way of inheritance only.

acquisition by foreign Nationals of Non-indian origin

The residential status of a foreign national of non-Indian origin determines the ability to acquire immovable property in India.

Thus, Foreign Nationals of non-Indian origin can be further divided into • Foreign Nationals of Non-Indian Origin,

Resident Outside India • Foreign Nationals of Non-Indian Origin,

Resident In India

acquisition and Sale of immovable Property There is no ceiling on the number of immovable properties acquired or sold in India by NRIs and PIOs. However, NRIs/PIOs belonging to Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan require a prior approval of the Reserve Bank of India for acquiring Immovable Property in India.It is mandatory to file a declaration of the acquired property with the Reserve Bank of India within 90 days of acquisition of property, on the prescribed ‘Declaration of Property by NRIs/PIOs Form’ - IPI 7. For

repatriation of sale proceeds of property or properties credited with NRI/PIO accounts, it is mandatory to file a declaration of the sold property with RBI within 90 days of sale of such property, on IPI Form 8. Apart from the declaration of property, there are many other tax and legal formalities related to the acquisition of Immovable Property in India which NRIs and PIOs need to adhere to. Formalities of transfer of funds for purchase/sale through accounts facilities available, applicable charges and processes for registration of property documents and applicable stamp duties for all transactions, etc., are procedures that should be complied with. NRIs and PIOs are also eligible for home loans in India and need to comply with the guidelines for repayment. Along with the official guidelines, NRIs and PIOs also need to follow general dos and don'ts while acquiring property in India.

Vanakkam India


Space Wise

The general Indian mindset about bathrooms used to be – get in, do your business and get out. It wasn’t

a place one liked to linger in, what with the usual standard white basin, a wash closet if you’re lucky, a bucket and mug and a shower which doesn’t work. Add to this,

dingy lighting from a single 40 watt bulb. Not anymore! A quick tour around TVH Consumer Products’ spacious store in Teynampet is enough to convince one that the Humble Indian Bathroom will soon go the way of the once ubiquitous Ambassador car. And

about time too! Who knows how many ‘Eureka!’ moments Indians have been missing out on, just because they didn’t spend enough time in the bathroom?As soon as I walked into TVH, an attentive store employee was at my side, offering to help or show me around. As I walk into the

sANiTARYWARE — reiNveNteD!TVH Consumer products reinvent the humble bathroom with their range sanitaryware and bathroom accessories – Samyutha Balasubramaniam


store, expecting the usual line-up of white ceramic closets, white washbasins, maybe a rectangular tub thrown in for good effect, the first thing I notice is a round pillar, with wash closets set into it, all around, like seats. They’re so elegant and they looked so comfortable that one felt tempted to just plonk down on them, then and there. Opened 9 years ago, with a branch in Coimbatore and one coming up soon in Pondicherry and Trichy, the store aims to provide complete solutions for all your bathroom fixtures needs, for every segment of the population. In fact, their client range runs the gamut – from large hotels, to builders who use their products, to several prominent architects in the city who swear by them, and walk-ins looking for a new washbasin.

They aim to cater to a large group of people and their variety of products plus the price range reflects that.TVH is the distributor for four international brands, three from Germany and one from Japan. Toto, the Japanese brand, was what they started with first and are the sole distributors of this brand in Tamil Nadu. Other brands from Germany soon followed, including Duravit, Villeroy and Boch as well as Keuko, to meet the consumer’s needs. The unifying philosophy behind choosing these brands remains a desire to cater to all segments, be it ultra-modern and sleek or old-fashioned and traditional, taking pride in bringing new innovations to the city. For instance, Villeroy and Boch has come out with a pure stone based Closet and Washbasin, which certainly amps up the look of any bathroom. They have model bathrooms laid out, several different types with different space utilisation, to cater to any sort of house, hotel room or apartment. One of them showcases the stone fittings, where you can definitely see the appeal.Another innovation is by Keuko – Swarovski crystal based mirrors, which offer exemplary clarity. Talking of mirrors, they also have a detachable wall mounted magnifying mirror, which offers a close-up of your face. It comes with its own vanity case and light strips on the side, perfect for when you travel.There are remote controlled light strips on mirrors, multi-coloured model bathrooms, bathtubs which are like works of art, shower panels which let you control everything from the temperature to the water pressure with a wall mounted control panel, a two feet

rain shower, which makes you feel like you’re standing in a rain storm, to bidets - a new concept for the Indian consumer. They also stock accessories of all kinds, from handrails to towel holders, taps to toothbrush holders.The prices start from as low as ` 2,000 for a basic washbasin, ` 12,000 onwards for a closet and `18,000 for a bathtub. There is one mechanical wonder from Toto which retails for ` 2,45,000 – called the Neorest, which is set to be the next big thing. Equipped with sensors, the closets opens automatically when it senses the person, and utilises an in-built warmer to warm the seat before you sit on it. Once you are done, the bidet function with a wand emerges and sprays water, cleaning you up thoroughly. Following this, warm air is gently blown. Once the person gets up from the closet, it automatically flushes, deodorises, and closes of the seat cover! Sounds futuristic? Looks like an end to the 'who left the toilet seat up!' fights. What's more, it has the advantage of reducing contact, making it a virtually germ-free experience.The jacuzzi is another must-have for those able to afford it. Big enough to swim and equipped with a cascade function, this is definitely what is needed at the end of a long stressful day, to relax and rejuvenate.Indians now traverse the globe and they expect the same standards and comfort in their home as well. Well, looks like the bathroom will no longer be ignored when you decide to buy your dream house.


NORTH TOWN

Location - Perambur Type of Units - 1, 2 and 3 BHKNo. of Units - 1,200Area - 990-1,396 sqftCompletion - June 2011Amenities - SP, GYM, MPHBuilder - Arihant Foundations & Housing LtdContact - 044-42244444

ORCHID SPRINGSS

Location - Near Padi Metro Rail StationType of Units - 1, 2, 2.5 and 3 BHKNo. of Units - 2,000Area - 692 - 2,244 sqftCompletion - December 2012Amenities - 5 Star CH, GYM, SP, SF, Health Club, Coffee ShopBuilder - Alliance GroupContact - 044-30451200

GOLDEN KINGS COURT

Location - TAS Enclave, Anna NagarType of Units - 3 BHKNo. of Units - 11Area - 2,084 -3,157 sqftCompletion - September 2011Amenities - SP, GYM, CH, KPABuilder - Golden Homes Pvt LtdContact - 044-26213388

DOSHI TULIP

Location - Kilpauk Type of Units - 2 BHKNo. of Units - 12Area - 900 - 1,200 SftCompletion - Ready to occupyAmenities - Back up generator, Wi-Fi Builder - Doshi Housing LtdContact - 044-43539160

SANTHA TOWERSLocation - Parithipattu, AvadiType of Units - 2, 2+ study BHKNo. of Units - 480Area - 808 - 1,114 SftCompletion - December 2011Amenities - CH, SP, KPA Builder - Santha Build Tech India Pvt Ltd Contact - +91 9962228090

AISHWARYA Location - Red Hills, Madhavaram RoadType of Units - 2 and 3 BHK No. of Units - 28Area - 885 - 1,315 sqft Completion - June 2011 Amenities - Covered car parking, power back upBuilder - Rajmeena BuildersContact - 044-26280880

RAjUS SAPPHIRE

Location - KolathurType of Units - 2 and 3 BHKNo. of Units - 28Area - 925 - 1,079 sqftCompletion - Ready to occupyAmenities - GYM, KPA, 3 Phase power supply Builder - Rajus Flat Promoters Pvt. LtdContact - 044-42645830

KGS VRUDHI

Location - KilpaukType of Units - 3 BHKNo. of Units - 27Area - 2,040, 2,160, 3,360sqft Completion - March 2012Amenities - 24-hr power back up, KPA Builder - KGS Developers LtdContact - +91 9361255110

RC LAURELS

Location - Madavaram Type of Units - 2 and 3 BHKNo. of Units - 48Area - 855 - 1,215 sqftCompletion - Under constructionAmenities - GYM, MPH, Association Room Builder - Rajarathnam Construction (P) Ltd Contact - 044-26748888

THE ARCHWAY

Location - Ormes Road- Kilpauk Type of Units - 3 BHKNo. of Units - 16Area - 2,224 - 2,324 sqftCompletion - September 2011 Amenities - 24-hr power back upBuilder - Jain Housing & Construction Ltd Contact - +91 8870701850

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

Area : Chennai - NorthToP 100 PRojECTS


THE METROZONE

Location - Anna NagarType of Units - 2, 3, 4 and 5 BHK pent houseNo. of Units - 1,600Area - 1555 - 4818 SftCompletion - November 2013Amenities - SP, KPA, GYM, SF, Joggers TrackBuilder - OZONE GroupContact - 044-42253700

AURA GREEN COURT

Location - Poompuhar Nagar, KolathurType of Units - 2 and 3 BHKNo. of Units - 6Area - 1,495 and 1,512 sqftCompletion - January 2012Amenities - Covered car parking, invertersBuilder - Aura HomesContact - +91 9841022217

MAPLE ORCHARD

Location - Anna Nagar WestType of Units - 2 and 3 BHKNo. of Units - 196Area - 720, 960, 1,025 sqft Completion - November 2012Amenities - Car parking, Gym, reading hallBuilder - Ben Foundations (P) Ltd Contact - 044-26156171

LUMBINI SQUARE

Location - PurasawalkamType of Units - 3 and 4 BHKNo. of Units - 435Area - 2,250 - 6,000 + duplex and pent houseCompletion - Ready to occupyAmenities - CH, KPA, SP, BankBuilder - True Value HomesContact - +91 9884340003

ISHWARYAMLocation - PoonamalleeType of Units - 1, 2 and 3 BHKNo. of Units - 396Area - 500 - 1,600 sqftCompletion - December 2012Amenities - SP, gym, jogging track, amphi theatre Builder - Himabinduinfra Pvt. LtdContact - 044-32218665

KINGS MANOR Location - Aminjikarai

Type of Units - 3 BHK

No. of Units - 6

Area - 1,435 sqft

Completion - April 2012

Amenities - Car parking

Builder - Firm Foundations

Contact - 044-2619 2619

NAHAR SRI GANESH

Location - KilpaukType of Units - 3 BHK No. of Units - 5Area - 1,495 and 1,512 sqft Completion - June 2011Amenities - Video intercom security, car parkingBuilder - Nahar Foundations Pvt LtdContact - 044-24454112

THE AVENUES-ESPLANADE

Location - TondiarpetType of Units - 2 and 3 BHKNo. of Units - 600Area - 975 - 1,450 sqft Completion - Phase I - March 2011 Phase II - March 2013Amenities - CH, SP, KPA, Covered Car ParkBuilder - EMAAR MGFContact - 044-64624444

PC CONSTRUCTION

Location - Kolathur Type of Units - 1 and 2 BHKNo. of Units - 10Area - 539 - 760 Sft Completion - August 2011Amenities - Covered car parkingBuilder - PC ConstructionsContact - 044-26174114

VGN PLATINA

Location - Ambattur Type of Units - 1, 2, 3 BHK and VillasNo. of Units - 670 + 60 VillasArea - 596 - 1,250 SftCompletion - July 2011Amenities - CH, SP, KPA, GAR, SFBuilder - VGN DevelopersContact - 96000 10044




Area : Chennai - NorthToP 100 PRojECTS


ANNORA

Location - Besant Nagar Type of Units - 3 BHKNo. of Units - 8Area - 1,500 sqftCompletion - December 2011Amenities - Car parkingBuilder - Asvini FoundationsContact - +91 9841633669

ANMOL ABHINANDHANLocation - PerungudiType of Units - 2.5 and 3 BHKNo. of Units - 154Area - 1,200 -1,550 sqftCompletion - June 2012Amenities - KPA, COH, terrace jogging track Builder - CHENNAI ICC Contact - 044-24414272

CHITRA SURUTHI LAKSHMI ENCLAVE Location - Perungudi – Near OMR Toll PlazaType of Units - 2 and 3 BHK No. of Units - 92Area - 765 - 1,458 sqft Completion - July 2011 Amenities - KPA, GYMBuilder - Chitra Constructions (P) LtdContact - +91 9952990909

TVH BATIKA

Location - AlwarpetType of Units - 3, 3.5 BHKNo. of Units - 8Area - 2,500 - 3,000 sqftCompletion - December 2012 Amenities - Terrace SP, gym, common lounge, centralised A/C Builder - True Value HomesContact - +91 9884340005

DOSHI ORIANA

Location - Perungudi (OMR) Type of Units - 2 BHKNo. of Units - 214Area - 930 - 950 sqft Completion - June 2012Amenities - KPA, SF, Gym, party hallBuilder - Doshi Housing Contact - 044-43539150

jAINS PEBBLE BROOK

Location - ThoraipakkamType of Units - 1, 2 and 3 BHKNo. of Units - 620Area - 531-1,556 sqftCompletion - January 2013Amenities - All facilities are availableBuilder - Jain Housing & Construction LtdContact - +91 8870701850

KGEYES ETERNITY

Location - Kalakshetra Colony, Besant NagarType of Units - 2 and 3 BHKNo. of Units - 86Area - 1,170 -1,755 sqftCompletion - June 2012Amenities - SP, KPA, gym, reading room Builder - KGEYES DevelopersContact - 044-24313939

THE ORIGIN

Location - Shastri Nagar, Adyar Type of Units - 2 and 3 BHKNo. of Units - 16Area - 1,308 - 2,062 sqftCompletion - December 2012Amenities - Gym, SP, amphie theatreBuilder - Adroit Urban Developers Pvt LtdContact - +91 9566299999

36 CARAT

Location - Close to DasaPrakash, PH Road Type of Units - 3 and 4 BHKNo. of Units - 36Area - 2,800 sqftCompletion - August 2012Amenities - CH, 24-hr security, party hall Builder - Akshaya HomesContact - +91 9677298811

VISHWADEEP

Location - MRC Nagar, SanthomeType of Units - 3 BHKNo. of Units - 9Area - 2,902 sqftCompletion - September 2011Amenities - Gym, SP, GAR, IntercomBuilder - NAPC Properties Contact - 044-49004100




Area : Chennai - CentralToP 100 PRojECTS


DLF - GARDEN CITY

Location - Sholinganallur Type of Units - 2 and 3 BHKNo. of Units - 3,000Area - 1,170-1,938 sqftCompletion - Phase I - June 2011 Phase II - September 2012Amenities - ATM, health care, salon, shopping centreBuilder - DLFContact - +91 9884060955

BHAGGYAM BALA VILAS

Location - MylaporeType of Units - 1, 2 and 3 BHKNo. of Units - 10Area - 1,624 - 1,764 sqftCompletion - June 2011Amenities - Car parking, gymBuilder - Bhaggyam ConstructionsContact - 044-2834 4770

TVH SVASTI

Location - ThoraipakkamType of Units - 2 and 3 BHKNo. of Units - 228Area - 1,100 -1,600 sqftCompletion - Phase I - December 2011; Phase II - December 2012Amenities - SP, KPA, COH, CHBuilder - True Value HomesContact - 98841 77770

GLO

Location - Besant NagarType of Units - 3 BHKNo. of Units - 4Area - 2,550 sqftCompletion - Ready To occupyAmenities - KPA, SP, SF, power back up Builder - Vijaya Shanthi BuildersContact - +91 9789851111

TAMARAI

Location - Sholinganallur Type of Units - 3 BHKNo. of Units - 16Area - 2,300 -3,300 sqftCompletion - April 2012Amenities - Covered car parkingBuilder - Vishranthi Homes Pvt Ltd Contact - 044-24314515

SRESHTA NIRMAL

Location - Abiramapuram Type of Units - 2 and 3 BHKNo. of Units - 8Area - 1,260 -2,237 sqft Completion - April 2012Amenities - Roof top garden, power back up Builder - Sumanth & Co Contact - 044-42107546

ARNAV

Location - SanthomeType of Units - 3 BHKNo. of Units - 14Area - NilCompletion - Lauching SoonAmenities - NilBuilder - Sreenivas Housing Pvt LtdContact - 044-28342930

Launching soon

MELROSE PARKLocation - NeelankaraiType of Units - 1 , 2 , 3 and 4 BHKNo. of Units - 12 Villas. 12 apartmentsArea - 3,000 - 4,500 sqftCompletion - September 2012Amenities - SP, 24-Hr power back up, gym Builder - Shanthi BuildersContact - +91 9841097775

SIDHARTH NIVEDITA Location - ThiruvanmiyurType of Units - 3 BHK No. of Units - 6Area - 1,343 - 1,581 sqft Completion - Launching soon Amenities - NilBuilder - Sidharth Foundations & Housing LtdContact - 044-2834 5091

DECCAN KALAPATARU

Location - SholinganallurType of Units - 2, 2.5 and 3 BHKNo. of Units - 88Area - 939 - 1,494 SftCompletion - April 2012Amenities - Gym, MPH, SF, yoga, activity room Builder - Deccan Estates LtdContact - +91 9677209090




Launching soon

Area : Chennai - CentralToP 100 PRojECTS


PRIME ROSE-KGS

Location - PallikaranaiType of Units - 1, 2, 2+Study and 3BHKNo. of Units - 140Area - 688 - 1,400 sqftCompletion - Ready to occupyAmenities - CH, SP, KPABuilder - KGS Developers LtdContact - +91 9361255110

ARIHANT HEIRLOOM

Location - Off-IT Corridor, ThazhamburType of Units - 2 and 3 BHKNo. of Units - 256Area - 1,047-1,600 sqftCompletion - Ready to occupyAmenities - CH, SP, DS, gymBuilder - Arihant Foundations & Housing LtdContact - 044-42244444

ISHA YARA

Location - MedavakkamType of Units - 2 and 3 BHKNo. of Units - 464Area - 801-1,450 sqftCompletion - Ready to occupyAmenities - KPA, MUH, commercial hall, gymBuilder - Isha HomesContact - 044-24404757

AMBER

Location - West Jones Road, Saidapet Type of Units - 2 and 3 BHKNo. of Units - 130Area - 1,010-1,961 sqftCompletion - December 2011Amenities - Gym, KPA Builder - Indus Cityscapes Construction Pvt LtdContact - +91 9962000222

MANTRI NAVARATNALocation - ChrompetType of Units - 1, 1.5, 2, and 3 BHKNo. of Units - 272Area - 510 - 1,180 SFtCompletion - May 2013Amenities - KPA, GAR, gym, joggers trackBuilder - Mantri Developers LtdContact - 044-27474103

K P NATWEST VICEROY Location - Pallikaranai Type of Units - 2 and 4 BHK No. of Units - 35Area - 1,230 - 1,964 sqft Completion - September 2011 Amenities - All facilitiesBuilder - Natwest Estates Pvt LtdContact - 044-2434 0716

KGEYES CAROLINAA

Location - VelacheryType of Units - 2 BHKNo. of Units - 112Area - 919 - 932 Sft Completion - May 2012Amenities - KPA, gym, power back up Builder - KGEYES Developers LtdContact - 044-2431 3939

MALLES jAYSHRI

Location - T Nagar Type of Units - 3 BHKNo. of Units - 12Area - 1,200 - 2,060 sqftCompletion - August 2012Amenities - KPABuilder - Malles Construction Pvt Ltd Contact - 044-28144716

jAINS ALPINE MEADOWS

Location - Thiruneermalai, Pallavaram Type of Units - 2 and 3 BHKNo. of Units - 936Area - 927-1,508 sqftCompletion - January 2012 Amenities - SP, KPA, power back up Builder - Jain Housing & Construction LtdContact - +91 8870701850




Area : Chennai - SouthToP 100 PRojECTS

P DOT G ExPRESS

Location - Pallavaram - Kunrathur RoadType of Units - 1.5, 2 and 3 BHKNo. of Units - 264Area - 503 - 1,658 sqftCompletion - December 2012 Amenities - KPA, DS, gymBuilder - P dot G Constructions Pvt. LtdContact - +91 9500123395


Area : Chennai - SouthToP 100 PRojECTS

jAMALS SANA HOMESLocation - KarayanchavadiType of Units - 2 and 3 BHKNo. of Units - 64Area - 940 to 1,300 sqftCompletion - September 2012Amenities - RO Plant, STP, gym, garbage chute Builder - Jamals Enterprises Contact - +91 9840787792

RAjKHAM ANURUP

Location - Pallikarani Type of Units - 2BHK No. of Units - 24Area - 942 - 1,176 sqftCompletion - December 2011Amenities - KPA, GARBuilder - Rajkham Builders (Pvt) LtdContact - 044-23727954

NAVINS GOLDEN GLADE

Location - T NagarType of Units - 3 BHKNo. of Units - 8Area - 1,701, 1,781 and 1,788 sqftCompletion - December 2012Amenities - Landscaping, rain water harvestingBuilder - Navin Housing & Properties Pvt LtdContact - 044-43207777

RC ROYAL GRANDE

Location - Thirumullaivoyal Type of Units - 2 and 3 BHKNo. of Units - 176Area - 870 - 1,145 SftCompletion - January 2012Amenities - Gym, library, association roomBuilder - Rajarathnam Construction (P) LtdContact - 044-26748888

PURVA SWANLAKE

Location - PallikaranaiType of Units - 2 and 3 BHKNo. of Units - 700Area - 1,250 - 1,750 sqftCompletion - December 2013Amenities - Gym, MUH, SP joggers trackBuilder - Puravankara Projects LimitedContact - 044-24997890

SIDHARTH THE NEST

Location - RajakilpakkamType of Units - 2 and 3 BHKNo. of Units - 126Area - 937 - 1,523 sqftCompletion - December 2011Amenities - KPA, home theatreBuilder - Sidharth FoundationsContact - 044-28345091

FERN SPRINGS

Location - MedavakkamType of Units - 1, 2 and 3 BHKNo. of Units - 29Area - 509 - 1,089 sqftCompletion - December 2011 Amenities - KPA, power back up Builder - RWDContact - +91 9500018201

CREATIONS AISHWARIYAM

Location - MadipakkamType of Units - 1, 2, 3 and 4 BHK No. of Units - 34Area - 870 - 1,040 sqftCompletion - May 2011 Amenities - Gym, SF, KPABuilder - Creations Promoters and Developers Pvt. LtdContact - +91 9840033552

MISBA GARDEN

Location - VelacheryType of Units - 3 BHKNo. of Units - 12Area - 1,155 - 1,263 sqft Completion - Ready to occupyAmenities - Covered car park Builder - AVN Construction Contact - 044-43581198

jAMALS LUxOR Location - Kattupakkam

Type of Units - 2 and 3 BHK

No. of Units - 130

Area - 950 - 1,375 sqft

Completion - March 2013

Amenities - Gym, KPA, SF, RO Plant

Builder - Jamals Enterprises

Contact - +91 9840787792





SUNDERBANS

Location - Nolumbur-Mogappair Type of Units - 2 and 3 BHKNo. of Units - 544Area - 957 - 1,548 sqftCompletion - Nearing completionAmenities - CH, SP, GYM, health facilitiesBuilder - Jain Housing & Construction LtdContact - +91 8870701850

jAINS NAKSATRA

Location - NolumburType of Units - 2 and 3 BHKNo. of Units - 512Area - 968 - 1,440 sqftCompletion - Ready to occupyAmenities - CH, SP, GYM, health facilitiesBuilder - Jain Housing & Construction LtdContact - +91 8870701850

NATWEST EUPHORIA

Location - Maduravoyal Type of Units - 2 and 3 BHKNo. of Units - 24Area - 1,105 - 1,560 SftCompletion - December 2011Amenities - Indoor/outdoor play, KPA, video intercom, smart card entryBuilder - Natwest ConstructionsContact - 044-24340716

jAINS WESTMINSTER

Location - Arunachalam Road, Saligramam Type of Units - 1, 2 and 3 BHKNo. of Units - 620Area - 564 -1,961 SftCompletion - January 2014Amenities - 24-hr power backup, parkBuilder - Jain Housing & Construction LtdContact - +91 8870701850

AKSHATA

Location - Manapakkam - PorurType of Units - 2 and 3 BHKNo. of Units - 16Area - 938 - 1,299 sqftCompletion - March 2012Amenities - Gym, SF, health clubBuilder - Royal SplendourContact - +91 9884080480

SPRINGDALE

Location - Kolapakkam - Porur Type of Units - 1, 2 and 3 BHKNo. of Units - 25Area - 500 - 1,500 sqft Completion - Ready to occupyAmenities - Gated community, covered car park Builder - Emerald Home Makers Contact - +91 9841211040

jAMALS GRANDEUR

Location - VelappanchavadiType of Units - 2 and 3 BHKNo. of Units - 96Area - 940 - 1,415 SftCompletion - December 2011 Amenities - KPA, open air theatre, GymBuilder - Jamals EnterprisesContact - +91 9840787792

RAMAS ENCLAVE

Location - Porur


No. of Units - 15

Area - 515 - 895 sqft

Completion - Ready to occupy

Amenities - Covered car parking

Builder - Siva Sakthi Castle

Contact - +91 9841002269

VGN FERNDALELocation - MogappairType of Units - 2 and 3 BHKNo. of Units - 160Area - 740 -1,500 sqftCompletion - Ready to occupyAmenities - Smart Card Access System, Gym, DG power back up Builder - VGN Developers Contact - +91 9600010044

OPULENCE VILLE Location - PorurType of Units - 3 BHK villas No. of Units - 756Area - 1,340 sqft Completion - May 2011 Amenities - Covered car parking Builder - Rajeswari

Foundations Contact - +91 9840912528




Area : Chennai - WestToP 100 PRojECTS


Area : Chennai - WestToP 100 PRojECTS

RAHULLocation - Anna NagarType of Units - 2 and 3 BHKNo. of Units - 6Area - 1,000 - 1,330 sqft Completion - November 2011Amenities - Car parking, MPH, KPA Builder - Rahul Associates Contact - 044-42077537

KG SIGNATURE CITY Location - MogappairType of Units - 2 and 3 BHK No. of Units - 1,500Area - 925 - 1,400 sqft Stilt + 19 and Stilt + 17 Completion - A and B Block - 2013 C and D Block - 2012 Amenities - CH, SF, KPA, SP, GARBuilder - KG FoundationsContact - 044-24992042

SUN STONE

Location - MogappairType of Units - 2 and 3 BHKNo. of Units - 92Area - 630 - 1,340 sqftCompletion - Ready to occupyAmenities - Generator back up, KPA, walking track, recreation hall Builder - Vinoth BuildersContact - +91 9840903355

ANANDAM’S PLATINUM

Location - Iyyappanthangal Type of Units - 1, 2 and 3 BHK / duplex, twin and independent housesNo. of Units - 30Area - 523 - 1,575 sqftCompletion - September 2011Amenities - GAR, commercial hallBuilder - Anandam FoundationsContact - +91 9840834403

AALAYUM ORCHARD

Location - Kattupakkam Type of Units - 2 BHKNo. of Units - 6Area - 814 - 940 sqftCompletion - May 2011Amenities - Covered car parkingBuilder - Aallayum AssociatesContact - +91 9381041424

CITY’S VENUS

Location - Kattupakkam Type of Units - 1 and 2 BHKNo. of Units - 6Area - 690 - 940 sqftCompletion - May 2011Amenities - Covered car parkingBuilder - City HomesContact - 044-23767147

SREEROSH SILVERSTONE

Location - KilpaukType of Units - 2, 2.5 and 3 BHKNo. of Units - 20Area - 1,215 - 1,555 sqft Completion - December 2011 Amenities - Gym, terrace party area Builder - Sreerosh PropertiesContact - 044-42080520

SAAI’S ABHINAYAM

Location - ValasaravakkamType of Units - 2 and 3 BHKNo. of Units - 8Area - 715 - 1,290 Sft Completion - Ready For occupationAmenities - Covered car parkingBuilder - Saai’s FoundationsContact - +91 9840960204

PANACHE

Location - PH Road, Arumbakkam Type of Units - 2 and 3 BHKNo. of Units - 70Area - 1,184 - 1,826 sqft Completion - December 2012Amenities - Power back up, KPABuilder - Arihant Foundations & Housing LtdContact - 044-42244444

AMAAR PARK VIEW

Location - MMDA Colony - Arumbakkam Type of Units - 2 and 3 BHKNo. of Units - 8Area - 1,157 - 1,484 sqft Completion - December 2011Amenities - Covered car parking Builder - Amaar Foundations Contact - 044-28341510





ANANTYA

Location - Navalur, OMR Type of Units - 2 and 3 BHKNo. of Units - 208Area - 1,250-1,804 Sft Completion - Phase I June 2011, Phase II April 2012Amenities - CH, SP, SM, KPA, MHBuilder - Indus Cityscapes Contact - 044-26401166

CHENNAI PATTINAM

Location - Thiruporur - Off OMRType of Units - 2 and 3 BHKNo. of Units - 2,608Area - 1,075 - 2,250 SftCompletion - June 2011Amenities - SM, SP, CH, SCH (DAV) Builder - Ceedeeyes Infrastructure Development Pvt.LtdContact - 044-24413368

SPRING MEADOWS

Location - Thalambur - Off OMR Type of Units - 2 and 3 BHKNo. of Units - 192Area - 824 -1,105 SftCompletion - April 2012Amenities - CP, SP, CHBuilder - Jain Housing Construction LtdContact - +91 8870701850

IRIS COURT

Location - Maraimalai NagarType of Units - 2 and 3 BHKNo. of Units - 746Area - 986 - 1,467 sqftCompletion - June 2013Amenities - SF, KPA, CHBuilder - Mahendra LifespacesContact - 044-28190800

MANTRI SYNERGYLocation - Padur, OMR


No. of Units - 765

Area - 1,385 - 1,800 sqft

Completion - April 2011

Amenities - COH, SP

Builder - Mantri Developers

Contact - 044-27474103

PURVA WINDERMERE Location - PallikaranaiType of Units - 2, 3 and 4 BHKNo. of Units - 756Area - 1,200 - 2,650 sqftCompletion - December 2013Amenities - GYM, MH, SP, RES Builder - Puravankara

Projects Limited Contact - 044-24997890

METROPOLIS

Location - Maraimalai Nagar, GST Road, Thirukachur VillageType of Units - 2 and 3 BHKNo. of Units - 436 Area - 395 - 1,950 sqft Completion - December 2011Amenities - SP, GYM, KPA Builder - Akshaya HomesContact - +91 9790951818

FRANGIPANI

Location - Pudupakkam Inside Siruseri IT ParkType of Units - 2 and 3 BHKNo. of Units - 332Area - 760, 765, 780 sqftCompletion - December 2012Amenities - GYM, SP, GARBuilder - Arihant Foundations & Housing LtdContact - 044-42244444

AMANYA

Location - Nellikuppam-Thiruporur, Guduvanchery Road Type of Units - 1, 2 and 3 BHKNo. of Units - 1,008Area - 606-1,139 SftCompletion - Phase I December 2012, Phase II December 2013Amenities - CH, SPBuilder - Asvini FoundationsContact - +91 9841633669

TEMPLE GREEN

Location - Oragadam Type of Units - 1, 2 and 3 BHK No. of Units - 658Area - 575 - 1,280 sqftCompletion - December 2012Amenities - GAR, GYM, KPA, ATM, DS, SP Builder - Arun ExcelloContact - 044-22332288




Area : Chennai - OuterToP 100 PRojECTS


Area : Chennai - OuterToP 100 PRojECTS

ESTANCIA

Location - Guduvanchery Type of Units - 3 BHK No. of Units - 391Area - 1,510 - 1,860 SftCompletion - Phase I Ready to occupy Phase II 2012 Amenities - Club House with 101 amenities, 4 Star Hotel, COHBuilder - L&T Arun Excello Realty Private LtdContact - +91 9566099558

THE ROSEDALELocation - Padur, OMRType of Units - 2 and 3 BHKNo. of Units - Phase I - 372Area - 800-1,600 SftCompletion - June 2011Amenities - CH, SP, GYM, KPA, COH, Rose GardenBuilder - ETA Property Developers Pvt Ltd Contact - 044-3911 3900

ABODE VALLEY III Location - Potheri, GST Road Type of Units - 3 BHKNo. of Units - 320Area - 1,125 - 1,550 SftCompletion - June 2012 Amenities - SP, ATM, GYM, SF, Mini TheatreBuilder - Lancor Properties LtdContact - +91 9884072936

SWARNABHOOMI

Location - ECRType of Units - 2, 3, 4 BHK and pent housesNo. of Units - 1,200Area - 638 - 3,040 SftCompletion - Ready to occupyAmenities - ATM, SP, GYM, DS, COH, KPA, SFBuilder - Marg PropertiesContact - +91 9500076844

OPALINE

Location - Navallur, OMR Type of Units - 1, 2, 3 and 4 BHK No. of Units - 1,200 (approx)Area - 564 - 3,600 sqftCompletion - June 2011Amenities - Club OpalBuilder - Olympia Infratech Pvt LtdContact - +91 9094020993

OURANYA BAY

Location - Padur, OMRType of Units - 2 and 3 BHKNo. of Units - 842Area - 1,210 , 1,710 & 2,084 sqftCompletion - Phase I - 2011 Phase II - 2012 Phase III - 2013Amenities - CH, SP, GYM, SCHBuilder - True Value HomesContact - +91 9884340005

REAL VALUE NEEL KAMAL

Location - Siruseri, OMRType of Units - 1, 2 and 3 BHKNo. of Units - 559 Area - 510 - 1,055 sqftCompletion - June 2011Amenities - GYM, DS, MPH, Joggers TrackBuilder - Real Value Promoters Pvt LtdContact - 044-66343536

jAINS INSELI PARK

Location - PADUR, OMRType of Units - 2 and 3 BHKNo. of Units - 936Area - 1,176 -1,755 sqftCompletion - December 2011Amenities - CH, GYM, SP, KPA, GAR Builder - Jain Housing & Construction LtdContact - +91 8870701850

SABARI'S SERENITY

Location - Siruseri, OMRType of Units - 1, 2 and 3 BHKNo. of Units - 864Area - 580-1,027 sqft Completion - Phase I December 2011, Phase II December 2012Amenities - SP, GYM, MPH, KPA Builder - Sabari Realtors Pvt LtdContact - 044-24617775

UNITECH - UNIWORLD CITY

Location - (Vandalur – Kelambakkam Road)Type of Units - UNIHOMES I / UNIHOMES IINo. of Units - 1,024 / 560Area - 700 & 715 / 997, 999 and 1,011 sqft Completion - May 2012Amenities - GYM, SCH, ATM, Medical FacilityBuilder - Unitech Contact - +91 9500059595





KARAPAKKAM, OMR

Project - Melaram TowersPlate Area Sqft - 186, 478 x 8 (floors)Common Amenities - Power back up, parkingStatus - July 2011Builder - Vishranthi Homes Pvt. Ltd Contact - 044-24314515

KANDANCHAVADI, OMR

Project - TVH Agnitio Park Plate Area Sqft - 40,000 - 80,000 x 8 (floors)Common Amenities - 1,040 car parking, health club and ATM, landscaped roof garden with dining areaStatus - Ready to occupyBuilder - True Value Homes Contact - +91 9176942000

KAZIPATTUR, OMR

Project - HQPlate Area Sqft - 20, 337 x 5 (floors)Common Amenities - 3 elevators, DG back up, protected car securityStatus - Ready to occupyBuilder - Akshaya Homes Contact - +91 9840858811

GUINDY

Project - Olympia Tecnology ParkPlate Area Sqft - 150, 000 sqftCommon Amenities - car parking, 100 percent power back up, securityStatus - Ready to occupyBuilder - Khivraj Tech Park Pvt. Ltd Contact - 044-43563773

NELSON MANICKAM ROAD

Project - Lalah TowersPlate Area Sqft - 40,000 x 12 (Floors)Common Amenities - DG back up, car parking, liftStatus - March 2012Builder - Ramaniyam Real Estate Ltd Contact - +91 9841271871

NELSON MANICKAM ROAD

Project - Navin's PresidiumPlate Area Sqft - 4,000 - 5,000 x 11 (floors)Amenities - Automated high-speed liftsStatus - Ready to occupyBuilder - Navin Housing & Properties (P) Ltd Contact - 044-43207777

GREAMS ROAD

Project - Prestige PalladiumPlate Area Sqft - 30,000 X 14 ( Floors)Common Amenities - Power back up, G+12, air conditioners Status - July 2011Builder - Prestige Estates Projects Ltd Contact - 044-28154088

TEYNAMPET Project - Doshi Raj Towers

Plate Area Sqft - 6, 910 x 3 (floors)

Common

Amenities - Generator, car parking,

power back up, security

Status - Ready To occupy

Builder - Doshi Housing Ltd

Contact - 044-43539160

SAIDAPET

Project - Landmarvel

Plate Area Sqft - 5, 299 x 3 (floors)

Amenities - Power back up,

parking

Status - Ready to occupy

Builder - Landmarvel Constructions

Contact - 044-2446 4483

PERUNGUDI, OMR

Project - Matrix TowerPlate Area Sqft - 23, 800 x 6 (floors)Common Amenities - 100 percent power back up, 1,000 sqft individual car parkingStatus - Ready to occupyBuilder - SSPDL Contact - +91 9940042608

Chennai RealtyReal Estate - Redefined !

ThinkSmarT buySmarT

CoMMERCIal PRojECTS


Cityscape

LoCAtIonS CApItAL VALUe 2 BHK (cost / sqft) in `

RentAL VALUe 2 BHK of 1,000 sqft (cost / month) in `

CApItAL VALUe 1 GRoUnd of 2,400 sqft (in lakh ` )

BUdGet pReMIUM BUdGet pReMIUM AVeRAGe

CentRAL

AdyarBesant Nagar EgmoreGopalapuramKotturpuram Neelankarai Nandambakkam Perungudi Royapettah Sholinganallur

8,0008,0007,0008,0006,5006,0004,5003,8007,0003,500

17,00014,00010,00016,00020,00015,000 6,500 4,50014,000 4,000

16,00015,00010,00014,00014,00012,000 9,000 8,00014,000 8,000

26,00021,00015,00024,00026,00018,00018,000 12,00019,00014,000

250 - 350250 - 300250 - 275300 - 400400 - 500150 - 20080 - 12070 - 120250 - 30065 - 75

noRtH

AmbatturAminjikaraiAnna NagarChetpetKolathur Madhavaram NolamburPurasawalkam Poonamallee Villivakkam

3,0007,5009,0008,0003,8003,5003,5008,0002,8006,000

4,00010,00014,00011,000 4,500 4,200 4,00012,000 3,600 7,000

8,000 7,00016,000 7,000 7,000 6,500 6,00012,000 6,000 6,000

12,00016,00026,00014,00010,000 8,000 7,50024,000 8,00015,000

80 - 100200 - 250250 - 350225 - 30070 - 8065 - 7065 - 70

250 -30060 - 7090 - 110

SoUtH

AlandurAshok NagarMedavakkamNanganallur Nandanam Tambaram EastTeynampetT. NagarVelacheriKottivakkam

5,5007,5003,5003,7009,0003,5009,0008,0005,0006,000

7,00012,500 4,500 4,50014,000 4,50015,00012,000 6,500 7,500

8,0009,0007,0008,00015,0007,50015,0009,000 7,5008,000

14,00018,000 1,50011,00025,00015,00030,00023,00016,00020,000

85 - 95140 - 11060 - 70

100 - 120250 - 30080 - 110

275 - 400250 - 350120 - 150150 - 180

WeSt

Arumbakkam ChoolaimeduK K Nagar KodambakkamMaduravoyal NungambakkamPorur Saligramam Vadapalani Virugambakkam

6,0006,5006,5006,5004,50010,0003,7006,0008,0005,000

7,0007,5008,00010,0005,40015,0004,2007,00012,0006,000

8,0008,0008,0007,0006,50016,0005,0009,0009,0007,500

17,00017,00017,00022,00015,00030,00080,0018,00020,00017,000

180 - 225 180 - 225180 - 230200 - 25070 - 80

250 - 35055 - 60

110 - 130180 - 270120 - 130

oUteR

Puzhal PammalTiruvallurSiruseriPadurKelambakkamSriperumbudurVandalurSingaperumal KoilOragadam

1,8002,7002,1003,0002,7002,5002,1002,5002,0001,800

2,5003,3002,7004,0003,2003,0002,4003,6002,5002,000

4,0005,0005,0008,0007,0006,5005,0005,0004,5003,500

7,0008,0007,00016,000 15,00014,0007,0008,5006,0006,000

7 - 1410 - 1412 - 1835 - 4525 - 3520 - 3012 - 2520 - 2515 - 208 - 12

Residential Rate Watch


Commercial Rate Watch

Construction Material Price index *CoMModIty UnIt MeASURe AVG RAte In MAy 2010

CEMENT Per 50 kg bag ` 275STEEL Non ISI 6MM / ton ` 38,000STEEL TMT 8MM dia / ton ` 42,100STEEL 10-25 MM dia / ton ` 40,900STEEL RMS / ton ` 44,500

STEEL STIRRUPS / ton ` 45,500STEEL VSP/SAIL 10mm dia / ton ` 46,800

BRICKS Per piece ` 6RIVER SAND Cubic feet ` 35

FLY ASH Per ton (Ennore) ` 100BLUE METAL 20mm / cubic feet ` 26 to ` 28BLUE METAL 40mm / cubic feet ` 24QUARRY DUST 0 – 2 mm / cubic feet ` 17BITUMEN GRADE 80/100 ` 36,606

BITUMEN GRADE 60/7O ` 37,558MASON Per day ` 400 to ` 500LABOURER (MAN) Per day ` 250 to ` 300LABOURER (WOMAN) Per day ` 200 to ` 250PAINTER/PLUMBER Per day ` 400 to ` 450CARPENTER Per day ` 400 to ` 500

SUB MARKetS AVeRAGe Rent In MAy 2010(` / sqft per month)

CBD (Anna Salai, Nungambakkam, RK Salai,

T Nagar, Egmore, Alwarpet)Grade A 70 - 100Grade B 55 - 65

Off CBD (Guindy, Kiplauk, Taramani, Adyar,

Anna Nagar)Grade A 50 - 65

Grade B 42 - 47

Suburban Business District(Velachery, Perungudi,

Mount Poonamallee Road)Grade A 35 - 45

Grade B 30 - 40

Peripheral Business District (Perungalathur, Sholinganallur, Siruseri,

Ambattur, GST Road)Grade A 35 - 40

Grade B 25 - 35

Knowledge is

Power

TeRm PRICIng6 monThs(6 Issues)

` 150

1 Year(12 issues)

` 275

2 Years(24 issues)

` 500

3 Years(36 issues)

` 700

Subscribe Today !

Chennai RealtyMonthly Real Estate Magazine

Albert Einsten

“Wisdom is not a product of schooling but of the

lifelong attempt to acquire it”

Contact:Keerthana

+91 [email protected]

Cityscape


home Loan Reckoner

BaNk

Loan amount Below ` 25 Lakh Loan amount above ` 25 Lakh

No.of Years No.of Years

5 10 15 20 5 10 15 20State 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

Cityscape

Chennai RealtyReal Estate - Redefined !

ThinkSmarT buySmarT


Air Purifieraroma Sense incContact: +91 9840078989South india Chem ind.Contact: 044-25382134

Beddingfarook BeddingContact: 044-24749533Raman BeddingContact: 044-23744301

audio VisualonkyoContact: 044-42111649The Bose StoreContact: 044-28330970

CarpetUnitex CarpetContact: 044-24729536ashwin CarpetsContact: 044-24983110

CurtainsCurtains by RashtogiContact: 044-28151431indroyal CurtainsContact: 044-28268966

home Security SystemVg electronicsContact: +91 9381009080access Security SystemsContact: 044-32219146LightingSatco LightingContact: 044-26152724Veer LightingContact: 044-25362994

home Decorabi DecorContact: 044-23743286Rehka DecorContact: 044-24758199

Metal CraftParas Metal CraftContact: 044-25391239Vega MetalcraftContact: 044-28110133

granite & MarblePalani Marbles & granitesContact: 044-23782429goyal granite & MarblesContact: 044-65184116flooring - Wooden/Tilesaashi flooring & DecorsContact: 044-24983110Wintek floor & DecorsContact: 044-24732887

kitchen Componentsfaber galleriaContact: 044-28110932impulse indiaContact: 044-243306666

home appliancesButterfly Home AppliancesContact: 044-26260801Chennai home appliancesContact: +91 9444125305

PumpsBest Pumps india P LtdContact: 044-42170732Sugun industriesContact: 044-25342273

furnituregodrej & Boyce MfgContact: 044-66544444amson & CoContact: 044-42920900

Wateramaravathi Water SuppliersContact: +91 9840466606Babu Water SuppliersContact: 044-26265266

PRoDUCTS

SeRViCeSelectricianPower ServicesContact: 044-65465121gS Mani & SonsContact: 044-25368301Plumbing Contractorskumaran PlumbingContact: 044-24336821Me Plumbing WorksContact: +91 9444049387Swimming Pool expertsaqua worldContact: 044-43512296Clearwater PoolsContact: 044-24314697Water Tank CleanersChennai Tank CleanersContact: 044-42045786globe N CleanContact: 044-22351160

aC Serviceglacier aC ServiceContact: 044-4541 0109aC ServiceContact: +91 9841152629

Paintersgoodness NerolacContact: 044-28522470Western india PaintingContact: 044-28156499CarpentersPonraj WoodworkContact: +91 9094069404highland WoodworkContact: 044-26262181Building Renovationace ContractorsContact: +91 9841061999a-cube ContractorsContact: +91 9791084079

false Ceiling ContractorsShanmugam interiorsContact: 044-32470922ReenasContact: 044-30522686Vaastu ConsultantsLaxshmipathyContact: 044-22530066Pandit govardhanContact: +91 9444057818architectsJeevan & associatesContact: 044-26420637Logan's architectContact: 044-24421972LandscapingLavender LandscapeContact: 044-22583841Rose greeneryContact: 044-42142587

Doors and Windowshalcyon interiorsContact: 044-24331631The Door WorldContact: 044-23634404floristfloral hutContact: +91 9444048923Suman floristContact: 044-28271294UpholsteryMajestic foam RubbersContact: 044-28522813SpringfieldContact: 044-27498005Sun Control filmsShribalajiContact: 044-24915697Sun filmsContact: 044-24983110

Handy Guide


75 Stylish apartments2 / 3 Bhk

Ph Road, arumbakkam

332 apartments2 / 3 Bhk

Pudupakkam, Siruseri

arihant presents lifestyles apartments for the discerned few... You !

www.arihantfoundations.comfor further details Call : 044 - 4224 4444 Mob: 9841544444 / 9841855555

Corporate OfficeOld #25 New #3 Ganapathy Colony,

3rd street off Cenotaph Road, Teynampet, Chennai - 600 018

Registered Office

New # 271 Old #182 Poonamallee High Road, "Ankur Manor", 1st floor, Off McNichols Road, Kilpauk, Chennai - 600 010, India.

our other Projects

Plotted Development

off oMR - Navalur

2 / 3 BHK Apartments

Porur - Poonamallee Road2 / 3 BHK Apartments

off oMR - NavalurIndependent & Semi-Independent Villas

off gST Road, Maraimalai Nagar


Turf BarG homeCatering 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).

DIN

E With a spectacular view of the sea 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 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 to unite and cheer for their favourite teams during the big matches!

Turf Bar, Le Waterina The Boutique Hotel, 35, Kaveri Nagar (near Bella Ciao), Waterland Drive, Thiruvanmiyur, Kottivakkam Beach, Chennai - 600 041. Contact: 044-24515435

SP

EN

D

City Musing


Online edition of Chennai's Exclusive Real Estate Magazine

RegiSTeReD WiTh The RegiSTRaR of NeWSPaPeR foR iNDia UNDeR No. TNTaM/2011/0086PoSTaL RegiSTRaTioN No. TN/Ch(N)/326 CheNNai ReaLTY.BiZ JUNe 2011

chennai realty vol 1 issue 1

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