Invest along the OMR for rental returns

Pushkara,Marg Properties

Pushkara – Marg Properties

A 2BHK apartment along the Old Mahabalipuram Road (OMR) that was available for Rs 12,000-15,000 per month a year ago, now commands a monthly rent of Rs 15,000-18,000! This clearly indicates an annual appreciation of 20-25 per cent. Thus, investing in a residential property along the OMR in Chennai seems to be a good proposition.

OMR recorded the highest gross rental yield at 4.18 per cent during the Apr-Jun 2013 quarter. The rental values in the locality have been rising constantly with an increase of 8-9 per cent registered in the Apr-Jun 2013 quarter. This coupled with stable capital values of apartments in the locality has pushed the gross rental yield along the OMR. In fact the locality has been registering the highest rental yield in the city, ever since Apr-Jun 2012 clocking close to 4.5 per cent yield quarter-on-quarter.

“OMR is faced with a situation of over-supply today. This has resulted in capital values stagnating as buyers have a wide range of options to choose from. Even though the over-supply has had an impact on the rental values, but compared to outright sales the rental market in the location is still up beat,.

So, what has led to a situation of over-supply in the market? Most of the residential demand is pouring from IT professionals working in the numerous MNCs along the OMR. “Since many of these young professionals are not locals, they prefer rental accommodation than buying their own homes. Thus, the demand along the OMR stretch is more aligned for rental housing,”.

Thus, in case you are looking for a second home as a future asset, buying a house on the OMR might prove profitable what with the high rental returns it promises. Hardcore investors may also target OMR for healthy returns.

Source:Magic brick


MIDAS Workshop

Michael Corr from UK – Creative Director of PLACE , the Bulid Environment center for Northern Ireland , conducted an exclusive workshop for MIDAS students on Design Detailing.

About MIDAS : Architecture college in chennai

Time to have an “AWARD RACK” for MIDAS

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The 2013 has been Award Winning year for MIDAS. The students have participated in various forums and have been winning overall Championships. At ITYUTA Architecture Festival, they won the overall Championship for various competitions held on spot. At 56th NASA Panel meet, the students won the First Overall Award among nearly 70 colleges participating. At ZONASA they won an overall performance Award and an special award for Product design.

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Emerging Joint Development Property Model

Joint Development (JD) has evolved as the most preferred and widely adopted property development model in urban cities. An individual land owner and a developer may enter into a Joint Development Agreement. The key feature of a JD is that the land owner will contribute land and the developer will undertake development activity on it with his expertise. Depending upon the land price, the Joint Development ratio is decided among the parties.
The land owner has the option of retaining his whole share or a part of the share or even fully sell his share directly or through the developer. In consideration for this, the land owner will part with the agreed ratio of undivided share (UDS) of land in favour of the developer or his nominee and will also allow the developer to construct and sell the share of his apartments.The owner will permit development of the project and sale of his share of apartments. At the same time, the builder gets access to land and does not have to invest money for purchase of land. The success of any project lies in the land owner identifying the developer based on his track record.


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We are proud of our students – SAM

At Swarnabhoomi Academy of Music, we are proud of our students. They represent such talent, diversity, passion and drive that we are constantly reminded of how fortunate we are to be able to share our life with them.

501 students from India, USA, UK, Mexico, Democratic Republic of Congo, Oman, Dubai, Tunisia, Australia, Argentina, Iran and Bangladesh have studied here either in our Diploma programs or our short term camps with 80 world-class musicians from USA, Canada, Switzerland, Suriname, Netherlands, Poland, Armenia, Germany, Brazil, Mexico, Greece, Argentina, Hungary, Venezuela, Spain, Cuba, Colombia, Israel, France, Peru, Albania, Jordan, Ukraine and India in our beautiful 4 acre Campus and our apartment complex.

SAM has attracted established musicians and bands from several countries to further hone their skills in our Diploma Programs and Camps. These include such artists as Sullivan Fortner Jr. (Roy Hargrove Quintet, alumni-Manhattan School of Music), Nandini Srikar, Conrad Reeves (alumni-Oberlin Conservatory), Ayman Boujlida, Something Relevant and others.

The Diploma Program at SAM has been a launch pad for students such as Nishant Parasher, Nirvan Pareva, Sonic Shori and Shivam Khare (Kaash), Apurv Isaac, Homi Rustumji and Yohan Marshall (The Family Cheese), Pranoy Praveen, Saurabh Suman, Jayant Manchanda, Rohit Gupta, Takar Nabam, Siddharth Jain (Adil & Vasundra, Global Music Institute) Srinjay Bannerjee, Jonathan Devadoss, Amandeep Singh Sodhi (Leslie Lewis, Colonial Cousins), Anuraag Saikia (Film Composer) and many more.

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First Prize at NASA Pre-convention meet

Congratulations MIDAS for winning Overall First Prize at NASA Pre-convention meet at Chennai.

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About MIDAS : MIDAS:Marg Institute Of Design And Architecture : Marg Swarnabhoomi

midas logo,Marg SwarnabhoomiCourses : MIDAS offers two Undergraduate Courses B.Arch – 5 year Integrated Bachelor Degree Program 

  • Semester 1
    Theory – Math, History of Architecture &Culture 1 , Building Materials 1, Environmental Science
    Theory Cum Studio – Art Studio, Architectural Drawing 1
    Studio – Basic Design

    Semester 2
    Theory – Mechanics of Structures 1, History of Architecture and Culture 2, Bulding Materials 2
    Theory Cum Studio – Building Construction 1, Theory of Architecture, Architectural Drawing 2
    Studio – Architectural Design 1

    Both programs are affiliated to the Anna University of Tamilnadu and have been approved by the Council of Architecture, India.

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