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

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Savithanjali, Luxury apartments at Chennai


Welcome to Savithanjali, Luxury apartments at Chennai, OMR build by Marg Properties- A reputed Builders in chennai. It is a premium gated community conceptualized with fine design, fine living in mind. Savithanjali has breath taking panoramic views and four sided ventilation which ensure you stay healthy with fresh sea breeze and abundant sunlight pouring into your home. The excellent design ensures the privacy of an individual house even while living in an apartment.

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Savithanjali is located adjacent to SSN engineering college, just 4 kms from the Kelambakkam junction on the OMR IT expressway. The 16 floor high rise apartments offer one a spectacular view and houses 714 apartments in all. To make life more convenient, Savithanjali has all the amenities that one could dream of , right from a fully loaded club house to a Convenio, Gym, Outdoor and Indoor games, Clinic, Creche, Library and Lush green open spaces for elders and children to relax . These ensure that you never have to go too far for anything that you may need.

Come, rekindle your romance with mood lighting. enjoy convenience at your fingertips with one touch of the master remote. Surf the web with wi-fi connectivity. Save power with intelligent lighting. Ensure safety of your loved ones with burglar alarms at every door and much more. At Savithanjali you will enjoy all the convenience of technology in a warm and secure ambience.

  • Apartments ranging from 578-3149 Sq.ft
  • Studio apartments starts from 19 Lac onwards
  • 2 & 3 BHK starts from 42 Lac onwards
  • Duplex & Pent house starts from 70 Lac onwards

Location Map :

Savithanjali Location map

Specifications :

Structure RCC framed structure, designed for earth quake resistance
Masonry 200mm and 100mm Thick Block Work
Joinery Items
1 Teak wood shutter main door with Teak wood frames
2 UPVC French window
3 Wood frames for other doors with solid core and moulded skin door
4 Brass handles and hinges for main door
5 Treated hardwood frames with solid core shutters with Mortise Locks of Godrej or Equivalent, tower bolts, handle, hinges and door stopper
6 Painted Flush Doors with baby latch, bush, handle and hinges.
7 UPVC windows and ventilators with grill on the inside of the Bedrooms
8 Painted MS railing for Stairs & SS Rails for Balcony.
Painting
1 Ceiling – Cement Paint
2 Putty with Acrylic Emulsion for interior walls(Asian Paints or equivalent )
3 Enamel painting for MS grills
4 Exterior walls painted with Weather Proof emulsion paint (Asian Paints or equivalent)
5 Polished Maindoor and painted other doors
6 Toilet door inner surface to be finished with poly urethane paint
Electrical
1 Modular switches from Anchor or equivalent
2 Provision for Air – conditioner in all the Bedrooms, living and Dining.
3 Telephone points in Living room and Master Bedroom
4 Provision for Power points 5A / 15A for grinder, fridge, microwave in the kitchen.
5 Provision for Exhaust fan in kitchen and toilets.
6 Provision for electrical point for washing machine in utility
Flooring Living and Dining
1 24″ x 24″ vitrified flooring tiles for foyer, living and dining
2 4″ skirting of vitrified tiles
Bedrooms
1 24″ x 24″ vitrified flooring tiles
2 4″ skirting of vitrified tiles
Master bedroom
1 Laminated wooden flooring ( Pergo or equivalent)
Kitchen
1 20mm granite counters with half nosing for kitchen for 12 rft
2 8″ x 12″ ceramic dado (2` above counter) for kitchen
Toilets
1 12″ x 12″ matte finish ceramic flooring tiles
2 12″X 16″ Glazed tiles up to7′ height
Utility
1 24″ x 24″ Vitrified flooring tiles with 4” skirting
2 Glazed tiles up to 3′ height on one and up to 3′ length on 2 sides
Common Area
1 Granite for staircase in stilt and Basement
2 Kota for rest of staircase
3 Lobbies, corridors – Vitrified Tiles
Automation
Home level
1 Video Door Phone / Full premises intercom, master control switches.
2 DTH to plug into minimum 3 service providers with CCTV to view 6 locations in the premises,
3  Kitchen sensor exhaust , toilet censor lights
4 Gas leak detector, balcony door and main door sensor
5 Programmed foot lamp in bedroom between 8.00 pm to 6.00 am
6 Mood ligting in Living and Master Bedroom
Community Level
1 Street Light control ( between 6.30 pm to 6.00 am)
2 Security Access control only for Blocks and Clubhouse,
3 Common areas lighting sensor,
4 CCTV, Security in 12 locations and access cards
Plumbing and Sanitary
1 Bath Rooms
2 White colour EWC with wall hung type (American Standard or equivalent)
3 Concealed flush tank for master bathroom
4 Counter wash basins for Master Bedroom, Semi Pedestal for Other Bedroom.
5 C.P Fittings (Jaquar or equivalent)
6 Single lever divertor for Master Bedroom
7 Wall mixer for other bedrooms
1 Kitchen
2 SS sink with drain board and Swan Neck Taps
3 piped gas
Drainage
Sewage Treatment Plant
Water Supply
1 Hydro Pneumatic System
2 R O Water treatment plant
3 Rain water Harvesting
Other Amenities
1 Covered car parking – 536 nos  ( Visitors car park – 68 nos)
2 Open car Parking – 221 nos
3 Outdoor Children’s Play area ( safe and secure, sand pits, rubber mats etc)
4 Servants & Drivers rest room
5 Lightning Arrester
6 Lift Facility
7 Generator Backup for common lighting and pumps ( backup for 500 W)
Club house , Coffee shop with library, Health Club, Jacuzzi, Swimming Pool, Toddlers Pool, Tennis Court, Clinic, Squash court, Landscape gardens, Amphitheater, Creche, Reflexology jogging track, Koi pond, table tennis, Foosball, Carrom, Chess, Snooker Table, Convenio, Aerobics room, Laundromat

Amenities :

With such inteligient and tech-smart systems in place, can top-notch amenities and features be far behind? Savithanjali comes packed with a host of amenities that make sure that you never need to step out of your home for just about anything.

  • Club House
  • Health Club
  • Squash Court
  • Foos Ball
  • Table Tennis
  • Carom Board
  • Chess Board
  • Snooker Table
  • Convenio
  • Multipurpose Hall
  • Jogging Track
  • Tennis Court
  • Landscape Garden
  • Childrens’ Play Area
  • Skating Ring
  • Swimming Pool
  • Yoga Platform
  • Visitor’s Car Park
  • Generator Back-up
  • Gymnasium
Savithanjali features several unique amenities that very few apartment complexes offer.
  • Library
  • Clinic
  • Creche
  • Piped Gas
  • Aerobics Room
  • Laundromat
  • Beauty Saloon
  • Amphitheatre
  • Toddlers Pool
  • Jacuzzi

MARG FY12 net profit jumps 85%


MARG Limited, one amongst India’s fastest growing infrastructure companies, today announced its financial results for the year ended March 31, 2012.

The company registered a 38% increase in revenue which stood at Rs. 15.01bn in FY 2011 – 2012 as compared to Rs. 10.85bn in FY 2010 -2011. PAT increased by 85% which stood at Rs. 1.11bn in FY 2011 – 2012 as compared to Rs. 60 crores in FY 2010 -2011. Overall the business verticals have shown robust performance.

Business Highlights

MARG Karaikal Port handled 6.01 MMT of multi-cargo in FY2011-12 and reported a  top line of Rs.220 crores, EBITDA – Rs. 99 crores and a PAT of Rs. 32 crores

EPC revenue at Rs.1,440 crores in FY2011-12, increase of 43% YoY – share of external EPC at 41%; Current order book  at around ~Rs. 3,250 crores

MARG Swarnabhoomi’s FY2011-12 revenue stood at Rs.88 crores EBITDA at Rs. 13 crores and PAT at Rs. 2 crores

MARG ProperTies, the real estate arm of MARG has sold 0.53 million sq ft (497 units) in FY2011-12, with sale value of Rs.157 crores

Commenting on the company’s performance in the year ended March 31, 2012, GRK Reddy, Chairman & Managing Director, MARG Group said, “Our results for the year under review are very encouraging. It has been a year of strong performance and consolidation. With the global economic trend still continuing to be sluggish, we are glad to have put a robust performance across all Group verticals. With EPC continuing to be the core business and MARG Karaikal Port, MARG ProperTies and MARG Swarnabhoomi expected to be strong complementary business units, FY 2012-13 promises a strong curve. ”

Performance of Business Verticals

EPC Business

EPC revenue of MARG Limited at Rs. 382 crores in Q4 FY 2011-12

The full year revenue stands at Rs.1,440 crores, increase of 43% Y-o-Y

Current EPC order book at around ~Rs.3,250 crores, external orders account for ~30%

Successfully completed & handed over residential Building for NBCC (Rohtak), Non Plant building for IOCL & HPCL, ELCOT IT Park project at Trichy, PADCO Housing etc

Won prestigious external projects including orders from Bhavnagar Energy Corporation Limited, Lucknow Development Authority, National Building Construction Company Ltd

Almost doubled the value of Plant & Machinery and other construction equipments in current financial year

Marine Infrastructure

Karaikal Port

During Q4 FY 2011-12, handled a traffic of 1.62 million tonnes of multi cargo & 56 major vessels including 0.87 million tonnes of cargo handled during March 2012 being the highest cargo handled in a single month.

During FY 2011-12, handled 6.01 million tonnes of multi cargo & 191 major vessels vis-à-vis 4.75 million tonnes & 122 major vessels handled in FY 2010-11. – Y-o-Y growth of 26.53% and 56.56% respectively

Successfully handled the MV Manousus P in March 2012 with a parcel size of 72,848 MT of coal cargo– the biggest cargo vessel handled till date

During Q4 FY 2011-12, handled 290 rakes.  Handled 1,087 rakes in FY 2011-12 vis-à-vis 745 rakes in FY 2010-11 and handled 1,859 rakes since commencement of railway operations at the port

Handled the first crude oil vessel for CPCL in Feb 2012.

Agreement signed with Ascent  Capital Advisors Private Limited for a PE Investment  of Rs. 200 Crores  – Availed the drawdown through Primary of Rs.50 crores and Secondary of Rs.150 crores

Signed term sheet with Jacob Ballas for PE Investment of Rs.100 crores (Primary) and Rs. 100 crores (Secondary from IIF to JB); Rs. 100 crores received from JB in Karaikal Port in April 2012.

Receipt of sanction from IIFCL for partial takeout of Rs.86.21 crores out of Phase 1 term loans at a lower Rate of Interest

In Q4 FY2011-12, Karaikal Port’s revenue stood at Rs. 57 crores

For FY2011-12 Karaikal Port achieved a top line of Rs. 220 crores; EBITDA of Rs. 99 crores and a PAT of Rs. 32 crores

Urban and Industrial Infrastructure

marg swarnabhoomi logo

marg swarnabhoomi logo

MARG Swarnabhoomi

Engineering SEZ

MOU/Leases signed with M/s Tecpro Energy Systems, M/s Twin Disc (Far East) Pte Ltd, M/s Eswari Electricals and M/s Kwik Patch Ltd taking the total number of units in LES to 8 in FY-12 compared to 4 in FY-11.

Virgo Engineers, M/s P.H.Hydraulics and Pneumatics, M/s Eswari Electricals and M/s Vanspall Associates have started operations from their plant in the engineering SEZ in FY-12 taking the number of operational units to five in FY-12 as against one unit in FY-11.

Total exports from the engineering SEZ in FY-12 was 1221 lakhs, apart from this SEZ to SEZ and SEZ to DTA Sales of 677 lakhs.

Science and technology Park

Construction of phase-I spread over 210,000 sq ft of Wet Laboratory building is underway in MARG Swarnabhoomi.

M/s Biophenolika Polymers has obtained approval from the Development Commissioner of State Government of Tamil Nadu for setting up an R&D Center in Polymers.

MOU sign with virginia tech to setup campus in marg swarnabhoomi

Virginia Tech University has signed MOU and is in the process of setting up its Centre of Excellence in Science and Technology Park.

Institute of Clinical Research India (ICRI), a leading player in Clinical Research Training in India is in advanced stages of setting up a campus at the Science Park.

Multiservices-Processing

Executed Lease Agreement with Exemplarr Worldwide for their Operations Center/EXCEL Finishing School (Exemplarr Center for Employability and Learning) at Amrita Research and Innovation Park (ARIP) and it has been inaugurated on 23rd May 2011 by CTS Vice Chairman-Mr. Lakshminarayan.

Subsequently, The EXCEL finishing school has commenced its first batch of certification program targeting ITES Sector in e-publishing at Amrita Research and Innovation Park (ARIP). The finishing school concept is set to bridge the gap between skill sets produced at universities and skill sets required by industries.

In principle agreement with International Institutes of repute from Australia to set up vocational training institutes at ARIP.

Discussions on with few of the IT majors for setting up their training cum operation centre at MARG Swarnabhoomi

The Team is in advanced stages of discussion with a Singapore-based International School to setup a IB school at MARG Swarnabhoomi.

Multiservices-Non-Processing

A Polyclinic and convenio store are currently operational in MARG Swarnabhoomi to cater to the needs of its employees and residents

Initial discussions are in progress for setting up a multipurpose sports complex, a golf course and a sports medicine centre at MARG Swarnabhoomi.

In discussion with a Chennai based adventure sports operator to setup a Adventure Sports cum out bound activity center at MARG Swarnabhoomi.

In discussion with an established operator to provide Serviced Apartment services at MARG Swarnabhoomi to serve both the internal demand and the tourist population of ECR.

Education Services

MARG Navjyothi Vidyalaya

MARG Navjyothi Vidyalaya

MARG Navjyothi Vidyalaya was launched and got affiliated to the CBSE within 7 months of its inception. The current total count of students is 223.

 

 

 

marg institute of design and architecture swarnabhoomi

marg institute of design and architecture swarnabhoomi

MARG Institute of Design and Architecture Studies (MIDAS) was launched and is currently functioning with 56 students with exposure to international industry architects from Spain and Singapore.

 

 

 

 

swarnabhoomi academy of music

swarnabhoomi academy of music

76 students have already graduated from Swarnabhoomi Academy of Music (SAM)

MARG Swarnabhoomi Academy of Music (SAM) has produced three bands, gaining recognition. SAM is in the process of signing an international experience agreement with an international music school based out of Minnesota.

MoU signed with Malaysia based Limkokwing University of Creative Technology

 

 

 

MoU signed with Malaysia based Limkokwing University of Creative Technology to provide industry-driven programmes on Games, Animation, Creative Multimedia, Advertising, Fashion & Hair Design, Interior Design, Product Design and Tourism Management etc.

In final stages of signing up with a leading international school in Singapore to offer international baccalaureate (IB)/Cambridge Curriculum(IGCSE) in K12 segment.

Residence

MARG adjudged the second leading developer in Chennai city in Residential sales.

755 flats sold in FY 11-12 with a sale value of Rs 126 Crores.

swarnabhoomi cityscapes logo

swarnabhoomi cityscapes logo

Launched Swarnabhoomi Cityscapes, the plot sales vertical and created one more revenue generating vertical for the business.

MARG Swarnabhoomi – Financial Performance

For FY2011-12, revenue stood at Rs. 88 crores, EBITDA at Rs. 13 crores and PAT at Rs. 2 crores

Real Estate

marg properties

marg properties

MARG ProperTies – Residential Business

MARG adjudged the second leading developer in Chennai city in Residential sales.

The Brand Mascot, Mr. Joy was launched and this unique concept won “Most Innovative Marketing Campaign” pipping some of the leading brands in the real estate sector.

Brand Presence of Marg ProperTies got enhanced with the launch of 2nd Home Shoppe during Feb 2012 in the growing IT corridor (OMR).

As part of our continuous customer engagement “Connexions” program was conducted. More than 700 customers graced the event.

Projects like Pushpadruma, Vishwsakthi (Phase-1), Lakshna and Kalpavriksha (Phase-1) are sold out.

More than 200 units in Pushpadruma are already handed over

95 units (100,000 Sq.Ft) were sold in Q4 2011-2012 with sale value of Rs.29 crores taking the total units sold to 497 and sale value of Rs. 157 crores in FY 2011-12

Cumulatively at ITD level (Till March 2012), 1727 units (1.85 million sq.ft.) has been sold with sale value of Rs.468 Crores.

marg junction mall logo

marg junction mall logo

MARG Junction, OMR – Commercial Business

The project is expected to commence operations in FY-13.

Key clients include PVR, Shoppers Stop, Hyper City; mini-anchors confirmed / LOI are Reliance Trend, Blue- O & Times Zone; Vanilla clients include Rayban, HP, Dosa plaza, Marry brown, Riyaa, EVA, Levis, Pavers England, Lee,    Wrangler, Woodlands, Denizen, Archie’s, Casio, Nike, Mufti, Begum, W, Canon, Kushal’s jewelry, Puma, INC.5, New U.

Agreement with Shangri-La has been executed for development of Hotel & interior design concept is almost finalized.

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Source: http://www.reidin.com/news/showNews/in_indinfo-inindinfore-20120515-1/marg-fy12-net-profit-jumps-85.html

Marg FY12 net up 85% Rs 111 cr


Infrastructure major, MARG Ltd, has reported 85 per cent increase in net profit at Rs 111 crore for the financial year 2011—12.

The city based company registered a net profit of Rs 60 crore in the previous fiscal, a company statement said.

The company’s total revenue for the year ending March 31, 2012 grew by 38.3 per cent to Rs 1,501 crore as against Rs 1,085 crore registered during 2010—11.

“Our results for the year under review are very encouraging. It has been a year of strong performance and consolidation. With EPC continuing to be the core business and MARG Karaikal port, MARG Properties and MARG Swarnabhoomi expected to be strong complementary business units…,” MARG Group CMD, Mr GRK Reddy, said.

MARG Group has projects worth more than Rs 3,250 crores under execution at present and has offices spread across India, Singapore and China, the statement added.