Category Archives: Real Estate

Housejoy’s introduces Logistics & Documentation Services in Chennai News Release

Housejoy’s introduces Logistics & Documentation Services in Chennai News Release

Housejoy’s introduces Logistics & Documentation Services in Chennai

Chennai, July ,2017:

India’s leading on-demand home services company, Housejoy, today announced the launch of two new services – Movers &Packers and Documentation support in Chennai. This service has also been launched in other cities like Bangalore, Delhi, Mumbai, and Hyderabad.

Housejoy is a one-stop solution for a plethora of home and personal requirements, right from getting your house and car cleaned, appliances installed, pest control done toavailing doorsteplaundry and salon services.The two new services in their kitty are the next step in simplifying people’s lives.

Talking about the new offerings, RashiLachhwani, Vice President Category, Housejoysaid, “In India, the movers and packers market is developed but itlacks transparency. It can also burn a hole in your pocket as consumers get heavily charged at every step of the process.  The Housejoy platform will help customers getaccess to verified, trained and reliable moving& packing professionals. Our rates  arealso more reasonablecomparatively.”

She further added, “The launch of documentation services,though at a nascent stage, has a lot of potential to grow due to the entire process becoming more convenient with Housejoy. Our experts will provide quality support to customers in need of documentation services ranging from applying for a passport to filing IT Returns. The service providers will collect the documents and process the request on customers’ behalf, while theygo about their regular work.”

About the new services –

Movers & Packers service will come in handy any time one plans to shift home or office.Through Housejoy the movers & packers will pack, load, unload and unpack ensuring 100% quality standards. Once you’ve moved into the new house, you can avail additional services that are essential to relocation needs such as Home Cleaning, Painting, Appliance and Furniture installation, Repairs and Fixes or even Pest Control if required. No need to fret over multiple vendors or the thought of arrangingthese services in a new city or area. Housejoy has got you covered from start to end.

 With the recent implementation of GST, it was the perfect time for Housejoy to introduce Document services.Besides support to get GST documents in place, the Housejoyteam can also assist with tasks like applying for a pan card, passport, IT returns etc., on the customer’s behalf. Housejoy professionals will collect the necessary document proofs from your doorstep and execute the workavoiding people having to take time off from work for these requirements.

 

About Housejoy:

Housejoy is the leading provider in the home services space. They are pioneers in providing high-quality on demand home services, supported by a team of dynamic, capable and trusted professionals. Housejoy launched in January 2015 to provide an aggregation of services to customers ensuring punctuality, quality and reliability. They perform a wide variety of services ranging from maintenance and home repairs to high quality plumbing, electrical services, home cleaning and computer repairs. Housejoy additionally offers specialized services in beauty and in-house bridal make-up and are expanding their service portfolio. Housejoy will also take care of your laundry and dry cleaning, with pickup and delivery right at your door step. Within a brief time, Housejoy is operational in 5 cities across the nation and has raised 4 $Million funding in series A from MatrixPartners and has raised 23 $Million in series B led by Amazon and included new investors Vertex Ventures, Qualcomm, and Ru-Net Technology Partners

To know more about Housejoy, please visit: http://www.housejoy.in/

Knight Frank India today launched the seventh edition of its flagship half yearly report Video Link’s,Imges & News

Knight Frank India today launched the seventh edition of its flagship half yearly report Video Link’s,Imges & News

Knight Frank India today launched the seventh edition of its flagship half yearly report – India Real Estate. It presents a comprehensive analysis of the residential and ffice market performance of Chennai for the period January–June 2017 (H1 2017). kanchana krishnan knight frank

Residential Takeaways:
 2017 began on a positive note with sales and launches seeing a modest recovery·
 A significant chunk of new launches took place below INR 50 lakh – indicating an emphasis·on the affordable housing sector  The share of projects launched with an average ticket size under INR`50 lakh has expanded·from 39% in H1 2016 to 69% in H1 2017, while the share of those projects with averageticket sizes under INR75 lakh has grown from 52% to 89% during the same period  Pallavaram, Mahindra World City, Siruseri, Pudupakkam, Navalur, Thalambur and·Shollinganallur in South saw maximum developments  Southern and western Chennai together accounted for a massive 96% of the residential· products coming online during H1 2017  Unsold inventory levels have plummeted nearly 30% over the last 2 years to 28,110 unit·  Residential price growth has been weakening in the Chennai residential market and H1 2017·
prices were in line with this trend, growing by a modest 1% YoY.

Office Takeaways:
 Lack of viable office supply continues to hamstring the market – transactions drop 4% YoY in·H1 2017  Despite three-fold increase in new completions it is much below the market appetite·  Vacancy levels plummet to 10.8% in H1 2017 on account of low supply of quality office· spaces  TheIT/ITeS sector continues to be the largest consumer in the Chennai office space market· and accounted for 0.7 mn sq ft of office space transactions in H1 2017. 

 The OMR attracted 55% of the demand during H1 2017 as occupiers took up space in the·relatively lower priced SBD OMR, PBD OMR and GST business districts  The PBD OMR and GST business districts that had vacancy levels as high as 50% at the end of·2015, has seen this number steadily come down under 20% in H1 2017  Rentals grew by 6% during H1 2017. The PBD OMR business district saw the strongest rental·growth at 8% Speaking about the findings, Kanchana Krishnan, Director – Chennai said, “2017 began on a positive note with sales and launches seeing a modest bounce back.

A 14% growth in sales during H1 2017 compared to the preceding period clearly indicates the transient impact of the demonetisation drive. Increasing commercial office space demand is a good indicator for employment growth in any region and points at increasing incomes and a consequent requirement of new housing units for the growing workforce. A deeper analysis of the ticket size split of units launched since H1 2016 clearly depicts a strong supply-side response to the changing tastes of 0% consumers as developers have progressively increased launches in lower ticket sizes over the past three periods. While the city’s residential market has overcome the emonetisation gloom, it remains to be seen if the current bounce is the beginning to a more sustained recovery.

The Chennai office space market could not maintain the momentum in transactions that it had gained over the last three analysis periods that culminated with H2 2016 experiencing the highest transaction volumes in history. Paucity of quality office space caused the current period to witness a drop in transaction activity with H1 2017 recording 1.9 mn sq ft of transactions while only 1.1 mn sq ft of new office space came online. While the IT/ITeS sector continues to be the largest consumer in the Chennai office space market, the market has seen a rise in share from BFSI and other services sectors. However, the share of IT/ITeS and manufacturing sectors has dipped in H1 2017 since most built-to-suit deals are scheduled for 2019.”

Knight Frank India today launched the seventh edition of its flagship half yearly report Imges .

About Knight Frank
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank has more than 14,000 people operating from 413 offices across 60 countries. The Group advises clients ranging from individual owners and buyers to major developers, investors and corporate tenants. For further information about the Company, please visit www.knightfrank.com. In India, Knight Frank is headquartered in Mumbai and has more than 1,000 experts across Bangalore, Delhi, Pune, Hyderabad, Chennai, Kolkata and Ahmedabad. Backed by strong research and analytics, our experts offer a comprehensive range of real estate services across advisory, valuation and consulting, transactions (residential, commercial, retail, hospitality, land & capitals), facilities management and project management. For more information, visit www.knightfrank.co.in.

strong potential, suggests Magicbricks-KPMG in India Report India’s residential real estate sector holds

strong potential, suggests Magicbricks-KPMG in India Report

India’s residential real estate sector holds

Indian residential property prices have more than doubled over the last decade and ranked amongst the best performing markets globally

Is housing an investible asset at all? To find an answer to this question, India’s No.1 property site, Magicbricks, in association with KPMG in India, today launched a report titled – “Residential Real Estate: An Investible Asset.” The report aims to decode the asset class that spells hope, social status and a definite return on investment.

The one-of-its kind report captures and analyses the Indian Housing Market and enlightens home buyers on major factors such as demand-supply dynamics, regulatory and economic environment, physical and social infrastructure, which can impact their residential property buying decisions, and also covers key underlying themes.

 

Picture caption (Left to right): 

Mr. Neeraj Bansal, Partner and Head, ASEAN Corridor, and Building, Construction and Real Estate Sector, KPMG in India, Ms. Jayashree Kurup, Head – Content and Advisory, Magicbricks, Mr. Amitabh Kant, CEO, Niti Aayog, Mr. Sudhir Pai, CEO, Magicbricks and Mr. Mritunjay Kapur, Partner and National Head, Strategy and Markets, KPMG in India

“Residential Real Estate: An Investible Asset” reveals thatIndia was ranked among the best performing markets globally thanks to the fact that real estate property prices have more than doubled over the last decade. Interesting to note is the affordability rate to own properties has come down by 50 percent, as income growth has lagged property price growth. That being said, India’s property market is relatively affordable as compared to its global counterparts.

The report was unveiled by Amitabh Kant, CEO, Niti Aayog, duringa glittering event.The report states that though the residential real estate market remained subdued towards the end of 2016 due to demonetisation, it may take time to pick up as RERA and GST are likely to disrupt the real estate market in the short term. However, the market is expected to pick up in the next couple of quarters.

The real estate market has generated strong return on investments to home buyers in the long-term, and is expected to continue to perform well due to the positive steps like reduction in interest rates, interest subsidy to home buyers, increased mortgage penetration and ease of FDI norms in the real estate and construction sector.

Commenting on the report, Sudhir Pai, CEO, Magicbricks, said: “The urban population of India is anticipated to grow by nearly 36 per cent to over 580 million by 2030. This along with GDP growth, job creation and mortgage growth is expected to lead to a substantial increase in demand for housing in India. This report is our latest endeavor to decode the asset class and educate homebuyers about the major factors such as demographics, economic development, regulatory environment, and physical and social infrastructure that could impact their investments.” 

Commenting on the real estate industry’s performance and way forward, Neeraj Bansal, Partner and Head, ASEAN Corridor, and Building, Construction and Real Estate Sector, KPMG in India said “India holds a strong potential for residential property market growth, which is likely to witness considerable price appreciation over the next decade, with property market fundamental drivers, such as GDP, rapid urbanisation, shrinking household size, higher share of working age population, and mortgage growth expected to grow at a higher pace in India. Globally, every sixth person getting urbanised is an Indian. The government has released several programmes on mission mode in urban infrastructure, housing and mortgage finance to tap the opportunity offered by the urban blessing. It is envisaged that by 2030, the real estate and construction sector in India is expected to become the third-largest globally, doubling its share to over 15 per cent in the Indian GDP.”  

Mritunjay Kapur, Partner and National Head, Strategy and Markets, KPMG in India said,For any country its housing sector can be an engine of growth. For a nation like India, which has been witnessing rapid urbanisation over the past decade with an addition of over 10 million people to its urban population annually, the need for housing has become even more important. The Indian government has undertaken several policy initiatives to support the Indian real estate and housing sector.”                       

 On Magicbrick’s association with KPMG in India for the report, E. Jayashree Kurup, Head – Content and Advisory, Magicbricks, said: “Residential real estate is a unique asset that appreciates in the long term even as it can be put to rigorous use. Magicbricks and KPMG have taken a deep dive into the various aspects of this sector to benchmark it against global markets and assess its returns in the long term. It will be of use to retail buyers, industry and the finance sector to be able to assess the short, medium and long-term returns on investment and the factors that drive it.”

Key insights from the report:

  • Price discovery of a housing project is an important phenomenon in real estate, which is influenced primarily by three factors: livability, accessibility, and proximity to employment hubs.
  • Residential properties in core areas of a city tend to be more insulated from several factors, such as the slowdown in the real estate sector and domestic or global economy, owing to it being primarily an end-user-driven market with physical and social infrastructure in place
  • Housing mortgage in India has grown at one of the fastest paces in the world, supported by government policy reforms. The trend is expected to continue as the housing mortgage penetration in India is one of the lowest (9 per cent) in the world.
  • Property prices start weakening when inventory overhang exceeds the range of 24-30months
  • Rapid supply during the bull period without corresponding absorption results in building up of inventory of unsold units with developers in subsequent years. The mismatch between demand and supply therefore creates pressure on property prices at a certain level. Our analysis reveals that unsold inventory with developers to the tune of 24-30 months of demand starts creating pressure on property prices.

Major trends in the Indian residential real estate

  • The sector is gradually consolidating with limited number of regional players gaining strength in their respective local/ regional markets and increased national presence. Real estate sector is highly capital and labour intensive in nature and projects especially large ones normally have long gestation periods of three to five years and above. Hence, in order to meet huge funding requirements, mitigate risks and share resources such as land and technical expertise; several regional, national and international players have partnered with others
  • The sector has witnessed an advent of large domestic and foreign corporates successfully venturing in the Indian real estate sector. Over the past decade, a number of Indian conglomerates and business groups have diversified and included real estate in their business portfolio
  • The asset classes have expanded and newer concepts such as mixed-use developments, integrated townships, luxury housing, branded homes, serviced apartments, SEZs, retail zones and specialised malls, hospitality, industrial parks and clusters etc. have emerged.
  • Institutional funding especially from private equity and NBFCs are among the largest financiers of the real estate sector.
  • Several players have increased their presence across the value chain of real estate

About KPMG in India

 KPMG in India, a professional services firm, is the Indian member firm of KPMG International and was established in September 1993. KPMG has offices across India in Chandigarh, Gurugram, Noida, Jaipur,Ahmedabad, Vadodara, Mumbai, Pune, Bengaluru, Kochi, Chennai, Hyderabad and Kolkata. We strive to provide rapid, performance-based, industry-focussed and technology-enabled services, which reflects a shared knowledge of global and local industries and our experience of the Indian business environment.

www.kpmg.com/in

About Magicbricks

 Magicbricks is India’s No.1 property site. With monthly traffic exceeding 12 million visits and with an active base of over 14 lakh+ property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content and research services, which have helped us, build the largest audience pool.http://www.magicbricks.com/

 For further information, please contact:

Magicbricks l Abhishek Roy lAbhishek.roy@timesgroup.coml 9999009430

KPMG in IndiaI Sudeep Biswas | | sudeepbiswas@kpmg.com |9910966211

CHENNAI CREDAI Chapter urges government to address sand shortage issues across the State Video Link’s,Images, & News

CHENNAI CREDAI Chapter urges government to address sand shortage issues across the State Video Link’s,Images, & News

CHENNAI CREDAI Chapter urges government to address sand shortage issues across the State  News.

Chennai CREDAI Chapter urges government to address sand shortage issues across the State

Chennai, 30th June 2017: The Chennai chapter for the Confederation of Real Estate Developers’ Association of India (CREDAI) today jointly organized a press conference in Chennai, to highlight the issues faced by the construction industry due to shortage of sand and also to talk about the loss of job and business opportunities in the real estate sector.

Also present during the event were, Mr. P S Shivakumar, President, Chennai Flat Promoters Association, Mr. Mohan, Flat Promoters Association (Ambattur & Avadi), Mr. A L Arumugam Singara Chennai Flat Promoters Association, Mr. Suresh, Tambaram Flat Promoters Association, Mr. V Boopathy, President, Chennai Suburban Builders Association, Mr. Govardhan, ABC, Mr. R Muniratnam, President, Tamil Nadu Sand Lorry Owners Association, Mr. Yuvaraj, Coordination Committee, Chairman, TN Sand Lorry Owners Association.

The state government had recently accepted the appeal made by CREDAI Chennai to run the sand quarries and the government had assured that more quarries will be opened within a short period of time and distribution of full quantity of sand will be implemented through PWD. Also, 10% of the quarries are only functional currently, which has resulted in 80% of the construction activity being hit.

CREDAI Chennai also told the reporters that, sand requirement for Chennai is 7600 loads per day and the issue at large is that there are no quarries present in Chennai. Currently, the quarries are only able to provide 2600 loads per day against the peak requirement of 40,000 loads per day. M-sand, the alternative suggested by the government for river sand, is supposed to be washed with water and water for washing is not available which has crippled the construction works across the state.

CREDAI Chennai also highlighted that, around 3.5 lakh people are employed by 70,000 lorries in the state and around 10 lakh people are employed in the construction industry. Already, 1 lakh jobs have been lost in Tamil Nadu alone and 1 crore square feet of construction work is delayed. Rs. 10,000 crores worth of investments are affected which have resulted in serious losses for developers and customers.   

Speaking on the occasion, Mr. Suresh Krishn, President, CREDAI Chennai saidCREDAI Chennai urges the state government to immediately initiate action and open more number of quarries to make the sand available and also to curb down the rising prices of sand across the state due to acute scarcity. We want the government to work on reducing the waiting time at the quarries. We feel that, 85 quarries are required for Tamil Nadu to fulfil the requirement of sand.

He further added, no national permit lorries should be allowed to collect sand from the quarries. Shortage of sand in the state is of utmost importance and has to be dealt with. We have to rebuild the faith of our customers and minimize the loss across the state. The government has to take stringent steps to restore the life of the workers employed in the industry, and negate the impact on the real estate sector.  

Mr. Suresh Krishn also announced that, in order to condemn the current state of affairs in the sector, CREDAI Chennai, Chennai Flat Promoters Association, Chennai Suburban Builders Association, Tamil Nadu Sand Lorry Owners Association, Flat Promoters Association (Ambattur & Avadi), Singara Chennai Flat Promoters Association, Tambaram Flat Promoters Association, Chennai Suburban Builders Association, ABC and other federation/associations will come together on July 6th and conduct a one-day agitation coupled with hunger strike in Tamil Nadu.

CHENNAI CREDAI Chapter urges government to address sand shortage issues across the State Images.

For further information kindly contact:

Udaya Kumar | 9940637802 |  ukumar@perfectrelations.com

Meghant Parmar | 9962195392 | mparmar@perfectrelations.com

L&T South City Projects Ltd unveil foundation stone ceremony for Fifth Tower at Eden Park –

L&T South City Projects Ltd unveil foundation stone ceremony for Fifth Tower at Eden Park

L&T South City Projects Ltd unveil foundation stone ceremony for Fifth Tower at Eden Park

Chennai, 25th June 2017: Eden Park is an ambitious project of L&T Realty, Pragnya Group and Aditya Brila Group. This is one of the largest residential projects in OMR with an area of 92 acres located at Siruseri near SIPCOT.

After successfully delivering Phase I that comprised 654 residential units and a school run by Padma Seshadri Bala Bhavan (PSBB) and the launch of the first 4 towers at Eden Park Phase II, the construction of the 5th tower- Daffodil- will commence with Bhoomi Pooja of the project will be held today on June 25, 2017 at 9.am. The foundation stone will be laid by Mr. T. Srinagesh – Chairman of L&TSCPL.  The occasion will be graced by the following key members of L&TSCPL.

  1. Srinivas Rao – Head Project, M. Kabaleeswaram – Head Sales & CRM, Francis o Hoakip – Director, Md. Zaffer Hussain – Head Marketing & Branding, Rohit Abraham – Head Business Development and N. Iniakrishnan – Head HR & Admin with all the existing customers of Eden Park are participated in this occasion.

An extensive tree plantation has been planned for a green environment and will be done by customers of Daffodil tower. In this occasion Chairman, Mr. T. Srinagesh said, “As a part of Phase II development after launching and successfully completing majority of sales in all 4 towers, today we are happy to launch the 5th tower – Daffodil- in Phase II. As a commitment to our customers to handover as per schedule, we are opening sales and construction simultaneously”.

We welcome all our guests and well-wishers to participate enthusiastically and support us in our endeavour to make it a success.                                                                            

CREDAI CHENNAI Chapter urges Government to Re-consider hike in Registration Fees Press Meet Video Link’s & Images

CREDAI CHENNAI Chapter urges Government to Re-consider hike in Registration Fees Press Meet Video Link’s & Images

CREDAI CHENNAI Chapter urges Government to Re-consider hike in Registration Fees Press Meet Video Link’s .

CREDAI CHENNAI Chapter urges Government to Re-consider hike in Registration Fees Press Meet Images.

Mr. Santosh Nair appointed as Chief Business Officer News

Mr. Santosh Nair appointed as Chief Business Officer News

DHFL Strengthens Leadership Team with Induction Of Santosh Nair as Chief Business Officer

 Mumbai / Chennai, May 16, 2017: DHFL, one of India’s leading housing finance company in the private sector has strengthened its leadership team with the induction of Santosh Nair as Chief Business Officer. In his new role Santosh will lead DHFL’s business distribution channels across all retail asset product verticals and focus on further strengthening the effectiveness of the organisation’s revenue generation process. Santosh will be based out of the National Office, Mumbai.

Santosh brings with him over two decades of multifaceted experience in the banking industry with expertise in Sales & Distribution, P & L management, Operations, Manpower & Team leadership. He has strong track record in optimal utilization of resources leading to enhanced profitability, possesses valuable industry insights and an excellent team player with expertise to implement best practices to achieve business excellence.

 Commenting on the development, Mr. Harshil Mehta, Chief Executive Officer, DHFL said, “

DHFL is at an exciting and dynamic growth phase as the organization undertakes rapid expansion across India and augments outreach to serve the LMI segment through its comprehensive bouquet of financial products. As one of India’s leading housing finance companies, DHFL is placed well to leverage the high growth potential presented by the affordable housing finance industry. We welcome Santosh on board as DHFL infuses key capabilities into its leadership team to reinforce the organisation’s focus on growth, productivity, customer centricity and take strong strides to strengthen the brand further.”

Prior to joining DHFL, Santosh served as Executive Vice President, Business Head – Home Loans and Unsecured Loans with HDFC Bank Ltd. During his earlier assignments Santosh was associated with American Express Bank, Citicorp Maruti Finance Ltd and Kotak Mahindra Primus Ltd.

Thanks and Warm Regards-Nagaraj Perumal-Ketchum Sampark

Inaugurated by Chief Guest and eminent director Vasanth S Sai, Dr. Kamala Selvaraj and actress Ms. Jaya Murali in the presence of Navin’s management and team

Inaugurated by Chief Guest and eminent director Vasanth S Sai, Dr. Kamala Selvaraj and actress Ms. Jaya Murali in the presence of Navin’s management and team.

Navin’s launches exclusive art gallery at Medavakkam

 Chennai, 28th April 2017:

Chennai’s most trusted builder, Navin’s, today launched an exclusive art gallery at its award winning apartments, Springfield in Medavakkam. The Gallery was inaugurated by Chief Guest and eminent director Vasanth S Sai, Dr. Kamala Selvaraj and actress Ms. Jaya Murali in the presence of Navin’s management and team.

In a first of its kind effort, Navin’s has curated this exclusive art gallery with an aim to promote and celebrate art and culture from various parts of the country. Spread across around 1700sq.ft, the art gallery in a residential project is the first of its kind amenity offered by a developer in such projects. In addition to that, the art gallery will also offer a dedicated space for residents to promote their creative entrepreneurial venture. 

The inaugural exhibition, Springfield – The Germination showcased the making of the project along side of the works by celebrated photographers Mr. Sharad Haksar, Ms. Pooja Chordia and Mr. Srikanth  Ranganathan.  With a variety of artists exhibiting their work, mural paintings by Ms. Vasumathi and typewriter art by  Ms. Guru Priya were also on display at the inaugural exhibition.

Commenting on the inauguration, Mr. Navin, Director – Navin’s said “Navin’s Springfield, our award winning prestigious project, has been crafted with utmost care, ensuring design for aesthetics, community living, functionality and community living. The project has various amenities catering to various needs and aspirations of those dwelling in such residential community neighborhoods. The art gallery is dedicated to the community keeping in mind the importance of art and culture in a community and also to encourage entrepreneurs, artisans and other creative talents by offering them a platform to showcase their potentials.”

Springfield Apartments has 1, 2, 3 and 4 BHK apartments with over 250 families residing. The apartment has been recognized by several industry bodies for its exemplary construction and design. Recognition includes Best Budget Apartment project in Tier 1 cities, CIDC Vishwakarma Award for the Best construction project for the year 2014 and Navin’s Springfield has also achieved Gold precertification under the IGBC Green Homes Rating.

The evening also witnessed various fun-filled activities like live portrait sessions by Guinness Record holder Mr. Illyas Mohamed from Kerala and live beat boxing session by and Mr. Gokulakrishnan.

Photo Caption:

Director Mr. Vasanth S Sai, Dr. Kamala Selvaraj and Actress Ms. Jaya Murali along with Mr. Navin, Director – Navin’s at the launch of Navin’s Springfield Gallery in Medavakkam. 

About NAVIN’S: 

NAVIN’S believe that building homes is an art, and an exercise of intellect, careful precision, and passion.  Since 1989, the motto of the organization has been to achieve the culmination of architectural brilliance and value-for-price in the projects. Over 100 projects dot Chennai’s skyline that stand testimony to a passion called Navin’s; and the long journey that intertwines a cherished dream – to be the most trusted builder. The organization was the first in Chennai to receive the ISO 9001-2008 Certification and bring to the table, clear titles, excellent locations, quality products, perfect constructions, strict adherence to rules and regulations, care for customer needs, and above all, ethical business practices.

 For further Details: Ms. Chandralekha, 98840 48889, chandralekha@brand-comm.com

 

 Thanks & Regards- Sreenivasan.                                                  

Akshaya pvt Ltd. News

Akshaya pvt Ltd. News

To mark 22 years of its excellence in the real estate business, the company has announced Akshaya Home Mela 2017 – a property expo coinciding with the Akshaya Tritiya weekend.  Akshaya Pvt. Ltd. has announced free gold (22 carat) with purchase of every Akshaya property.

Thank you –Subbuthai Padma  & ​Wilson​-Communication Strategies 

Akshaya announces 22 carat gold for home buyers; Marks 22 years of excellence
2 g of free gold for every 1 Lakh of investment
Chennai, 28th April, 2017:  In a one-of-a-kind initiative that has generated considerable interest among prospective home buyers, Chennai-based real estate firm, Akshaya Pvt. Ltd. has announced free gold (22 carat) with purchase of every Akshaya property.
 To mark 22 years of its excellence in the real estate business, the company has announced Akshaya Home Mela 2017 – a property expo coinciding with the Akshaya Tritiya weekend. According to the schemes rolled out for the event, every home or plot buyer will get 2g of gold free for every 1 lakh they pay (i.e., for a property worth 80 lakh, a buyer would get 160 g of free gold). In addition, there is bonus gold of upto 22 gms for people who enroll themselves for this event on the company’s website online http://www.akshaya.com/
 Speaking on the occasion, Mr. T. Chitty Babu, Chairman and CEO, Akshaya Pvt Ltd said, “Akshaya Tritiya echoes a buying sentiment among consumers and it is believed any new venture or investment initiated during this auspicious day is bound to bring them prosperity and good luck. As a token of gratitude, we believe 22 carat gold would be the best reward for our prospective buyers. We view this milestone of 22 years as a testimony to the strong business ethos we have diligently pursued over the last two decades. While the quest for ‘Excellence’ & ‘Uncompromise’ continues at Akshaya, we wish our customers endless prosperity with their new investments.”
For this ‘golden’ event, Akshaya has partnered with some of the top brands in the industry like GRT, ICICI and OLA Cabs. While GRT would issue the gold coins and gold vouchers, ICICI comes in as banking partner bank for home loan financing at 8.5% apart from issuing spot sanctions for loans. OLA cabs joins in as travel partner to assist customers on their travel to the venue and back home.
 About Akshaya Pvt Ltd.
Akshaya was founded in 1995 under the stewardship of Mr. T. Chitty Babu. A first generation entrepreneur, T Chitty Babu ventured into the world of business with just Rs. 10000 in his pocket and plenty of self conviction, confidence and clarity in what he wanted to do. 22 years into the journey, today Akshaya, has grown into one of the most awarded companies in the country acclaimed for its transparent business practices and innovation. Driven by the core values of ‘Transparency & Uncompromise’, Akshaya has now earned the distinction of being one among the ‘Most Reputed Real Estate Brands in India’ and the only player from Chennai to feature in a report brought out by Trust Research Advisory (TRA) and Blue Bytes based on media and consumer perceptions. Today, the company is reputed for many original initiatives including the ingenious ‘Akshaya Home Facts Book’ for enlightening the home buyers on their rights. The last 2 decades have seen the company excel in both home and commercial domains by building more than 156 landmark projects in South India. Akshaya, is also building the tallest tower of Tamil Nadu, ABOV which is 132metres, 7000sq.ft. single plate house in each floor.

XS Real launches ‘En Veedu’A truly Affordable Housing project in Chennai VideoLink’s.Images & News

XS Real launches ‘En Veedu’A truly Affordable Housing project in Chennai VideoLink’s.Images & News

XS Real launches ‘En Veedu’A truly Affordable Housing project in Chennai VideoLink’s.

XS Real launches ‘En Veedu’A truly Affordable Housing project in Chennai Images.

XS Real launches ‘En Veedu’A truly Affordable Housing project in Chennai News.

 XS Real launches ‘En Veedu’A truly Affordable Housing project in Chennai

  • 475 units of Compact, 1 BR and 2 BR apartments
  • Priced between Rs. 4 to 9.9 lakhs with EMI from Rs 2800 to Rs. 6800
  • PMAY compliant project coming up near Guduvancherry

Chennai, 24th April 2017: XS Real Properties launched Chennai’s first Affordable Housing project aptly called ‘EN VEEDU’ today in Chennai. This first Pradhan Mantri Awas Yojana (PMAY) compliant project in Tamil Nadu,  is set to come up in the developing GST belt near Guduvancherry with all social infrastructure in place. 

Speaking on momentous occasion, Mr. N Shankar, CEO of XS Real said, “This is a great moment for us as we contribute our bit to the humongous task of ‘Housing for All by 2022’ mission of the Government of India. This project will be a dream come true for the lower income segment of the population. Guduvancherry is a great locale for such a project with all social infrastructures such as Schools, Colleges, Hospitals, Commercial, Rail link and Central Bus terminus. Apartments are priced very attractively at a never before heard price band of Rs.4 to 9.99 lakhs with government Subsidy making it truly an Affordable House for the lower income group”.

En Veedu will have 475 units of compact, 1 BR and 2 BR and there are sports amenities and commercial shops that meet the aspirations and requirements of the customers

Overall, around 82,048 such houses are being constructed all over India, under the Pradhan Mantri Awas Yojana as of March 31, 2017 according to government reports. “As the initiative aims at providing more houses for the lower income group, our project will give special discount /offers for people in Public Service such as in Army, Hospitals, Schools, NGOs etc apart from retired government employees. XS Real is completing 22 years in the industry and we are proud to enter the affordable housing segment with PMAY scheme benefits. XS Real Courtyard in Coimbatore is one project that has already been notified as affordable housing under PMAY and it is the first project from Tamil Nadu to get such recognition,” he adds.

Highlights of the Project:
First Affordable housing project from Chennai
• PMAY compliant project
• Priced at Rs. 4 -9.99 Lakh
• EMI from Rs. 2800 to Rs 6800 with govt subsidy
• 475 units of Compact, 1 BR and 2 BR apartments
• Good social infrastructure
• Sports facilities
• Commercial Shops
 Due to complications in the approval process and heavy tax structure, not many private players have entered the affordable segment under the PMAY initiative, “High land price also holds back the developers to enter into this segment and the almost non-existent profits stands as the other stumbling block. Unless they are pre-sold, interest costs will make the project unviable and hence there is need for quick approvals and concessions like exemption from stamp duty, service tax etc. Though there is a good demand for affordable housing, it will take some time for the private players to join the mission ‘Housing for all by 2022’. But with involvement from private players, the mission will get empowered at a rapid phase,” he concludes. 

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