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Royal Splendour Developers is a highly respected name in the real estate industry. Royal Splendour Developers became a corporate entity in the year 2008. Royal Splendour Developers who are one of the leading builders in Chennai are known for their strong reputation in dealing with residential homes and apartments. Ever since, they have built a strong name for themselves in being a group that upholds integrity and commitment. Royal Splendour Developers albeit having sky high dreams, have always been grounded to reality.
Chennai Metropolitan Development Authority's close scrutiny of building plans and completion certificates has hit affordable housing projects in the city . The clampdown followed the collapse of an underconstruction 11-storey building in Chennai's Moulivakkam area in which more than 60 people were killed. "It is indeed a knee jerk reaction...
The future looks bright for north Chennai with the extension of phase II of Chennai Metro Rail, the planned smart city in Ponneri and the completion of the Outer Ring Road. While apartments in central and south Chennai remain unaffordable for most middle income groups, those in west and north Chennai are becoming practical and favoured choices.
CHENNAI: The city's beleaguered real estate market had one of the worst downturns in recent history in 2013 and the first half of 2014. But reports now indicate that the market is finally turning around. Traditionally considered an end-user driven market, Chennai has long been considered safe for long-term investments because of high stability...
CHENNAI: The residential and office real estate markets are showing growth signs in Mumbai, National Capital Region (NCR), Pune, Chennai, Bangalore and Hyderabad, said a study by Knight Frank India. "With a stable central government, sops for the housing sector and other government decisions for economic revival seem to have changed...
Real estate price correction, rental hikes and tax sops could be the key reasons. Home-buyers seem to be coming back in strong numbers, going by the increase in the home loan portfolio of public sector banks. The first quarter numbers reveal that there has been a significant increase in the number of home loans extended compared to the year-ago period.
With regulators now extending benefits to lenders promoting affordable housing, home loan providers are working at ways to make houses more accessible to young first time borrowers who typically avail such loans. Long-term loans of up to 30 years are helping them bring down EMIs by 16% and at the same time increase loan eligibility.
Land deals in Tamil Nadu have hit a seven-year low, mirroring the tough phase that the real estate industry is going through. A policy note tabled in the state assembly on Wednesday shows that the number of transactions dipped for the second consecutive year in 2013-14, after hitting an all-time high of 35 lakh two years back.
The tremendous rate of real estate development across the globe, and especially young, emerging nations, is imposing immense pressure on the environment and its natural resources. With such a rapid development, there is a lot at stake when we look at important factors such as energy availability and environmental sustainability.
The latest arrival to the Vandaloor zoo is a four-year-old leopard, which was prowling the Satyamangalam forest for the last two months. The state forest department officials spent sleepless nights to catch the man-eater as it had already killed two residents of Satyamangalam. Like this leopard, several wild animals come in conflict with humans...
Chennai is more than just its IT corridor. Here two alternatives that are slowly coming up Rajiv Gandhi Salai and GST Road have always been touted as the prime investment destinations of the city. While they are promising, no doubt, the reality is while the former's potential continues to be not realised, the latter faces a demand-supply mismatch. N. Nandakumar, president – Tamil Nadu, Confederation of Real Estate Developers' Associations of India (CREDAI)...
The Tamil Nadu Government is considering setting up a monorail project for public transport in Coimbatore. This is the second such project in the State with the first one planned in Chennai. This 43.5-km monorail project is structured as two projects with two lines. The Transport Department also plans to commercially exploit its real estate to enhance revenue. Smart travel cards will be introduced in ticketing for passenger comfort.
MUMBAI: Until recently, real estate portals were used by home buyers to research on floor plans and price of apartments but builders are taking this process to the next level: you can now buy a home online. With growing internet penetration, builders have realised the potential of the online space in selling homes and some have even tasted success.
NEW DELHI: Builders are scrambling to acquire cheap land and technology for low-cost housing after the government and central bank announced incentives for affordable housing, including cheaper loans to developers and buyers. Real estate companies including Tata Housing, ATS Infrastructure, Bhartiya Group and Anantraj Industries are busy sewing up land deals for projects in the Rs 5-20 lakh home segment.
The recent announcements in the budget have been positive for the housing sector. The residential real estate segment has been passing through challenging times over the last year, with sales velocity slowing down and unsold inventory rising every quarter. Buyer sentiment had been largely negative, with several prospective buyers withholding investment in homes because of the slow economy, job insecurity and rising inflation.
MUMBAI: With the NarendraModi-led government focusing on reviving growth and bringing down interest rates, sale of residential properties is likely to pick up in the last quarter of 2014, a recent survey said. Due to low consumer confidence during last year and even in the first half of 2014, residential property absorption levels reduced significantly resulting in an increase in inventory levels and correction in prices, according to ratings agency Care Ratings.
We've all heard that the Budget has a lot in store for the realty sector. The buzz is there will be a lot of action in this market between five and 10 years from now. You can profit from investing now, but the invariable question is what to buy and where? Should you bet on integrated townships or small projects, plots or readymade apartments?
CHENNAI: The state government has stepped in to make use of the vast space lying unutilised at MRTS stations in the city. A two-storey office complex will be built at Velachery MRTS station at an estimated 40 crore, chief minister J Jayalalithaa announced the plan in the state assembly on Tuesday. The move is expected to come as a fillip to the railways' attempts to have commercial outlets...