Sholinganallur in Chennai attracts investors and end users


OMR Tidel Park junctionA suburban locality of Chennai, Sholinganallur, has witnessed a rapid growth due to the developing IT corridor. Located in the Southern zone of the city, the real estate market here has witnessed a boom both in the residential as well as the commercial sphere. The developing IT business parks and the Special Economic Zones (SEZs) have fueled growth not only in Sholinganallur but also the neighbouring suburbs such as Perungudi, Taramani and Siruseri.

The residential offerings in Sholinganallur include multi-storey apartments, single floor apartments, residential house and villas. Residential plots are also available to consumers who plan to invest in the locality. The value of these residential properties is within Rs 35 lakh to over Rs 1 crore. The commercial property market consists of commercial office space, commercial land and industrial land. The value of commercial properties is within Rs 9 crore to Rs 60 crore. Madhu S, Owner of a commercial space in Sholinganallur says “Sholinganallur is an upcoming locality in Chennai, placed along the OMR Highway, which is the home to technology companies. The increasing monetary appreciation of land, residential and commercial holdings due to its location advantage has benefitted us tremendously.”

The social and civic infrastructure of Sholinganallur is well developed. Schools, colleges, hospitals and hotels are present in abundance. It is well connected by the OMR Road and the East Coast road to other parts of the city. Metropolitan Transport Corporation (Chennai) Ltd buses and autorickshaws are modes of public transport for the residents. Velachery MRTS Railway Station is the nearest railway station.

The major demand drivers in this locality are its close proximity to the IT hubs and availability of apartments in the economically weaker section (EWS) category as mandated by the Chennai Metropolitan Development Authority (CMDA).

Sholinganallur is an important locality of south Chennai. The demand for both residential and commercial properties has risen significantly in the last couple of years. Several factors such as easy connectivity, employment opportunities and close proximity to holiday destinations such as ECR beach have attributed towards its growth in demand.

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New launches spurred residential market in Chennai


Chennai’s good economic density, progress in infrastructure development and growing influence of IT/ITeS has enhanced sales in the realty markets. The Chennai property market showed a remarkable improvement seeing an average appreciation of 10-12 per cent in the residential sector across the city during past June-Nov 2012 period.

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Marg Swarnabhoomi Aayush Apartment starting at 9 Lakhs* – Low budget apartments in chennai

The Chennai realty segment witnessed location-wise appreciation in values. There was a fragmented demand-supply across locations and henceforth value appreciations.” Areas such as Thoraipakkam, Sriperumbudur, Medavakkam and Kelambakam noted an escalation of up to 20 per cent in residential property values in past six months and is still appreciating, he added.

“The new projects being launched in past one year is the key factor leading to elevated inventory level in realty markets,”The new segment offering variety of deals to the end users and in wide range of price brackets to choose from has created buzz in the property market. With options of investing in a luxury apartment to a sea-facing villa has fetched NRI’s, HNI’s and buyers and investors from different parts of the country, he added.

“Chennai’s supply of new residential units has tripled in Jul-Sep 2012 quarter as compared to the previous quarter.” Maximum new supply has been witnessed in Chromepet, Thirumallaivoil and Egmore in the mid‐segment price range of Rs 50 lakh onwards.

The new segment witnessed more number of transactions compared to the resale segment. “New residential units are equipped with all basic and luxury features which are missing in resale market and therefore it is more preferred,” says Gopal. The average capital values of newly launched apartments vary from Rs 3,200-4,500 per sq ft depending on location and other facilities.

Better infrastructure, availability of land parcel for development and relatively lower land prices as compared to Bangalore, Mumbai, Pune and Gurgaon makes Chennai an attractive destination for investment.

MIDAS Fractal Workshop Gallery


Visit:http://www.midas.ac.in/photo-gallery.php

Announcing Spring 2013 Scholarships


In our first year after instituting scholarships, this is the second time we are announcing the Scholarships. This time we received scholarship applications for the Spring 2013 semester from all over India, Bangladesh and Nigeria. After careful consideration of all the applications and materials submitted we are happy to announce the recipients of the Merit Based Scholarship for Spring 2013 semester

General Excellence Scholarship

Al Fahmi Kazi Bashar from Bangladesh

A professional musician since 2000, multi-instrumentalist Al Fahmi Kazi Bashar a.k.a Kaartik is from Bangladesh. He has been a composer, arranger and producer and has released two albums with his band ‘Bangla’. Has performed all over the world with the band. Below is one of his submissions for the Scholarship.

Below is Kaartik with his band ‘Bangla’ performing in Germany

Scholarships by Instrument

Voice

  • Anupreet Kaur from Delhi, India

Guitar

  • Arjun Desai from Delhi, India

Piano

  • Pritam Boro from Orissa, India

Drums

  • Abhinav Yogesh from Bangalore, India

 

Congratulations to Scholarship winners from everybody at SAM

Visit:http://sam.org.in

 

Marg Swarnabhoomi Ecr Plots:Villa Plots Good for investment – cheap Rates


Launching villa plots on East Coast Road (ECR), Chennai
These plots enjoy access to all shared facilities at MARG Swarnabhomi. Just a step away from the proposed industrial projects of NTPC and BGR Energy, they are also close to the proposed Southern India railway station at MARG Swarnabhoomi.
1.Bay View :Starts From 9.99 Lakh*

2. Lake Garden : Starts From 7.57 Lakhs*

3.Royal Orchard : Starts From 5.06 Lakhs*
For More Details : http://ping.fm/UHBpj