Thursday, 13 August 2015

Affordable Housing - Thriving in India


The definition of affordable means different for different people depending on the socio-economic class, income levels etc. In India, the term applies most pertinently to housing created for the EWS (Economically Weaker Section) of society so that they, like the middle class, can also benefit from the financial and emotional security of home ownership. While this segment of housing did not receive sufficient impetus in earlier years, the incumbent BJP Government has made it clear that it intends to see a significant increase in housing projects aimed at the bottom-most and the thickest part of the income pyramid. This means that we are looking at an interesting new phase in India where affordable housing in India is getting preferred rather than 'poor cousin' status. 


There is much that the new Government can do to boost this sector, including promoting re-development of old buildings and providing high-grade infrastructure to peri-urban locations where the population could reside while continuing to work within the city. The key factor here is to ease the commute time and allow access to vast land parcels outside the city. An interesting and important fact related to Indian real estate is that affordable housing projects have the fastest absorption rates. In other words, the creation of more affordable housing makes sense not only from a socio-economic point of view but also in terms of the real estate business. The demand in terms of units is phenomenal, and developers who have been focused on affordable homes from the start (or who are getting into this segment now) can build and sell their projects for years to come. Though affordable housing has not seen the kind of growth that India requires in this segment, it is in fact the most sustainable business model for real estate developers. Developers who concentrate on this segment of housing are completely insulated from recession or sentiment-induced market slowdowns. In fact, genuinely affordable housing - projects wherein units are priced below Rs. 20 lakh - are completely recession proof since demand is not only steady but in fact constantly growing. As a direct effect of this dynamic, affordable housing is now also the most preferred asset class for property investors. There has been a huge supply in mid-income and high-end properties in all cities of India, but a marked lack of willingness among buyers to pay the high rates for residential spaces.

As a result, we are seeing more and more investors focusing on budget homes. Clearly, affordable housing is a business vertical that has stood the test of time when larger format housing has failed to attract buyers and investors. Today, larger developers who previously focused only on mid-income and high-end housing projects are seriously looking at building up their presence in affordable housing, as well. Their rationale is that the higher-volume/lower-margins affordable housing segment is a reliable hedge against the market slowdown in costlier housing, and also because budget housing is a new means for reputed developers to leverage their brand value. 

courtesy inputs: moneycontrol

Monday, 3 August 2015

The India Estates' Residential Flats at Chennai

Ready To Move | DTCP Approved | Most Sought Location | Vandalur-Kelambakkam Road

Residential Project :: Aabarana



Project Synopsis

Location : Vandalaur-Kelambakkam Main Road @ Mambakkam   
Land Area : 1 Acre 15 Cents UDS : 52%
Type : 2 Bhk’s
Sizes : 2 BHK – 799 – 927 Sqft                                         
Basic Price : Rs. 4000/- per Sqft  /  Guide Line Value : Rs. 2000/- per Sqft
All Inclusive Price : 2BHK : 37.63 Lacs to 43.20 Lacs 
Total no of Blocks : 5 (A - E)

Total no of Units @ Blocks :

Block A - B – 12 units ( 2BHK )
Block C – 12 units ( 1BHK – 4 units / 2BHK – 8 units )
Block D – 8 units ( 2BHK )
Block E – 8 units ( 3BHK )                                                 

Total no of Floors : Stilt + 4 Floors         

Units in @ Floors : 3 units (2BHK)        Units in @ Floors : 2 units (3BHK)
                                                                        
Location Advantages:

Adjacent to Velammal Vidhyashram School
IOB Bank Functioning inside flat permises
Very close to Siruseri IT park & OMR IT Corridor
Very close to VIT University

Near by Educational Institutions

Bharat University / Madras Christian College / Crescent Engineering College / VIT / Lakshmi Ammal College / Tagore Engineering College / Zion Matriculation H S School / Kendriya Vidyala / Shankara Vidyala / Christ King

About Mambakkam

Mambakkam is a Village in Thiruporur Taluk in Kanchipuram District of Tamil Nadu State, India. It is located 58 KM towards East from District head quarters Kanchipuram. 13 KM from Thiruporur. 31 KM from State capital Chennai 

Exclusively Marketed By

The India Estates
044 - 45552073 / 2083
+91 8220586777
www.indiaestates.co.in
mailus@indiaestates.co.in

Friday, 26 June 2015

Flats at Oragadam, Affordable housing starts at Rs. 17 Lakhs


Flats at OMR developed by Godrej Properties


Flats at Perungalathur, Tambaram, CMDA Approved

CMDA Approved flats / Ready to Move / Near Tambaram



Project Synopsis

Project Name                  : Subham
Developer                         : MM Builders

Location                            : on Upcoming 150ft Bye Pass Road, Perugalathur

Type                                     : 1 / 2 / 3 Bhk’s

Sizes                                     : 1 BHK – 409 – 600 Sqft
                                                  2 BHK – 670 – 980 Sqft
                                                  3 BHK – 1080 – 1150 Sqft

Basic Price                        : Rs. 3199/- per Sqft  /  Guide Line Value : Rs. 2000/- per Sqft

All Inclusive Price         : 2BHK : 37.45 Lacs to 46.29 Lacs / 3BHK : 53.58 Lacs to 59.73                                                       Lacs

Total no of Blocks          : 9 (A 1-5, B,C,D1-D2)

Total no of Units @ Blocks : Block A1 / A2 / A5 / B – 8 units ( 2BHK ) Block A3 – 8 units ( 1BHK – 1 unit / 2BHK – 6 units / 3BHK – 1 units ) Block A4 – 8 units (1BHK – 1 unit / 2BHK – 6 units / 3BHK –1 units ) Block   C– 8 units ( 1BHK – 4 units / 2BHK – 2 units / 3BHK – 2 units) Block D1– 8 units ( 1BHK – 2 units / 2BHK – 6 units ) Block D2– 8 units ( 1BHK – 2 units / 2BHK – 6 units )   
                                              
Total no of Floors : Stilt + 2 Floors

Units in @ Floors : 4 units

Location Advantages :     On the 150 ft upcoming Perungalathur bye pass road
                                         Opposite to G K M Engineering College
                                         0.2 Km to Srimathi Sundaravalli Memorial School
                                         3.5 Kms from Perungalathur GST Road / Shriram Gateway
                                         5 Kms from Vandalur to Kelambakkam (ORR)
                                         6 Kms from Tambaram/Vandalur/Camp Road Junction
                                         13 Kms to OMR

Near by Educational Institutions

Bharat University / Madras Christian College / Crescent Engineering College / VIT / Lakshmi Ammal College / Tagore Engineering College / Zion Matriculation H S School / Kendriya Vidyala / Shankara Vidyala / Christ King

About Perungalathur

Perungalathur (Tamil: பெà®°ுà®™்களத்தூà®°்) a.k.a. New Perungalathur is a panchayat town located in Chennai , Kancheepuram district in the Indian state of Tamil Nadu. it is a suburb in the southwestern part of Chennai city.It is around 3 km from Tambaram. And it is at an equal distance from Chennai City and the Chengelpet Town. The neighbourhood is served by Perungalathur railway station of the Chennai Suburban Railway Network.

New Perungalathur is located on NH45 highway between Tambaram and Vandalur. Perungalathur and Peerkankaranai are twin towns which share and complement much of their resources and infrastructures alike. It is well connected by rail and road links. Located close to Tambaram, all south bound trains can be boarded from Tambaram. Long distance bus & Indian Railways reservation counters are available in Tambaram. Chennai international & domestic airports is around 13 km from Perungalathur.

Living in Perungalathur

Life in Perungalathur is peaceful away from the pollution and hassles of the city. The place is green with trees of Plantain, Coconut Palm, Mango and Neem common in most households. The Vandalur hill is on the south eastern side and provides a picturesque view for NH-45 motorists and residents alike. The Tamil Nadu Forest Department has a sapling center under the foothill. Bamboo and Eucalyptus forests can be seen on either side of the road to Sadanandhapuram.

The town has two lakes, one in Peerkankaranai, adjacent to NH-45 and another Perungalathur lake behind the Vedanta Desika Srinivasa Perumal Temple. Much of Peerkankaranai Lake was filled during the widening of NH-45 highway and the remaining area is shrinking due to dumping of solid wastes and encroachments. Perungalathur Lake gives the name to this town meaning “A Place with Big Lake” (Perum – Kulam – Urr). In this village a social service organization called Global new life center (Home for the orphan and needy children) is running from 1994.

150 ft Bye Pass Road – Connecting GST via New Perungalathur



The bypass will branch off from Rajakilpakkam and touch Camp Road, Selaiyur, where it will merge with the existing Agaram Road, touch Tiruvanchery and Mappedu before reaching GST Road at Peerkankaranai, near the police station. A six-lane 150-feet wide highway, complete with stormwater drains, pavements and raised medians will be built.
   

For Site Visits

The India Estates
044-45552073 / 2083
8220435444
www.indiaestates.com

Rain Tree Park @ Perungulathur - Off GST

Rain Tree Park is a DTCP Approved, Residential project promoted by Sai Shanthi Homes.



Sai Shanthi Homes, incorporated in the year 1992, is today 20 years strong with trust and quality as its solid foundations. The company has executed over 25 projects in last two decades. Sai Shanthi Homes has a pool of talented people who ensure every construction activity assuring the quality for each home buyers.

Project Synopsis

Project Name                          : Rain Tree
Developer                                : Sai Shanthi Homes

Location                                  : Rajeshwari Nagar, Singaperumal Koil

Type                                         : 1 / 2 / 3 Bhk’s

Sizes                                        : 1 BHK – 600 Sqft
                                                   2 BHK – 835 – 1148 Sqft
                                                   3 BHK – 1272 – 1366 Sqft

Basic Price                              : Rs. 3400/- per Sqft

All Inclusive Price                   : 2BHK : 37.45 Lacs to 46.29 Lacs
                                                    3BHK : 53.58 Lacs to 59.73 Lacs

Guide Line Value                    : Rs. 2000/- per Sqft

Total no of Blocks                  : 4 (A / B / C / D)

Total no of Units @ Blocks    :  Block A – 40 units ( 2BHK – 32 units / 3BHK – 8 units)
                                                 Block B – 36 units ( 1BHK – 8 units / 2BHK – 12 units / 3BHK                                                  – 16 units)
                                                Block C – 32 units ( 2BHK – 16 units / 3BHK – 16 units)
                                                Block D – 24 units ( 2BHK – 24 units)

Total no of Units                     : 132 units ( 1BHK – 8 units / 2BHK – 84 units / 3BHK – 40 units)

Total no of Floors                     : Stilt + 4 Floors

Units in @ Floors                    : Block A – 10 units
                                                    Block B – 09 units
                                                    Block C – 08 units
                                                    Block D – 06 units

                                                             ( Actual image of the site )

 Amenities   : Childern’s Play Area / Super Market / Walking Track / Covered Car Parking / GYM / Shuttle Court / Power Back Up (Common Area) / Internet Connection / Copious Water / Landscape Garden / Basket Ball Court / Generator / Security Door Systems / ATM   Center            

Location Advantages :        3 Kms from Mahindra World City
                                              Less than 1 Km from GST
                                             2 Kms from Ford
                                            12 Kms from Oragadam Sipcot
                                            31 Kms from Chennai International Airport
                                            8 Kms from SRM University
                                            Well road & rail connectivity
                                            Near to Singaperumal Koil
About the Location:

Singaperumalkoil is a census town located in Chennai metropolitan city, Kancheepuram district in the Indian state of Tamil Nadu. A famous temple to Lord Narasimha is situated here. It is located by the GST road between Chennai and Chengalpattu.

The neighbourhood is served by the Singaperumal koil railway station of the Chennai Suburban Railway Network.

MTC (Metropolitan Transport Corporation) Bus Routes
Name
From
To
Frequency in mins*
M500
Tambaram
Chenglepet N.T.
8 mins
S500
T.Nagar
Chenglepet N.T.
17 mins
S500B
High Court
S.P.Koil
34 mins
Z500B
High Court
S.P.Koil
80 mins
Z500
Velachery
Chenglepet N.T.
100 mins
X500A
Hasthinapuram
Chenglepet N.T.
160 mins
Z500C
C.M.B.T.
Chenglepet N.T.
240 mins

                                 
Study on 162-km link road connection Mamallapuram to Ennor port Via SINGAPERUMAL KOIL begins
                                                                                            The 35-km stretch from Mamallapuram on the East Coast Road to Singaperumal Koil will be a new formation as also the link between Ponneri and Kattupalli. Existing roads running to a length of 78.60 km including the Singaperumal Koil-Sriperumbudur Road (23 km), Sriperumbudur-Tiruvallur Road (18 km), Thamaraipakkam to Periyapalayam (12 km), Puduvoyal to Pulicat (6 km) and another 15 km to Kattupalli will be improved under the project.

“This stretch has been envisaged in the CMDA’s second master plan for Chennai Metropolitan Area and will provide high-speed connectivity to Ennore port, reduce accident rates inside the city, attract industrial investments and reduce repairs to city roads. As the Chennai bypass and the first phase of Outer Ring Road, which is under construction, see high volume of traffic, there is a need for another road to skirt the urban area,” said an urban planner. The Chennai bypass alone witnesses over 3.8 lakh vehicles a month.

The road will connect the East Coast Road, GST Road, the Chennai-Bangalore Highway, the Chennai-Tiruvallur High Road and GNT Road, thus touching industrial areas at Oragadam, Singaperumal Koil, Maraimalai Nagar, Sriperumbudur (where a dry port is coming up and a green field airport is slated to be built) and Tiruvallur industrial area, the planner said

For Site Visits

The India Estates
044-45552073 / 2083
8220586777
www.indiaestates.co.in