Flat for rent in the most sought after Porur Gardens. This home, located close to Porur by-pass toll, is very near Sri Ramachandra Medical College (Porur Campus). 3 more flats available in the same building. Ideal for Corp/Family/Bachelors working or studying in the Porur area.
* 2 BHK, 1250 Sq. Ft.
* Quite breezy
* Situated amidst bungalows
* Built to Vaastu
* New flat
* Plenty of covered car parking.
Call 9962612255 to visit.
ET had a write-up that home prices are likely to fall by a few percentage points in Delhi and Mumbai. There is definitely high inventory in those areas and builders have to cut home prices to clear inventory, but is that likely to happen to real estate in Chennai as well?
In the last two months or so we have noticed a slow down in land registrations (not price decline, but less sales). RBI’s interest rate hike and some unsold inventory could eventually bring down price a little, but it won’t be as bad as in Delhi or Mumbai. Here’s why…
Of the 4 states in South India, Tamil Nadu is the only stable place that is favorable for industries. Telangana issue in Andhra is keeping new businesses away. Kerala has labor issues and efficiency is quite low. Bangalore in Karnataka is great for IT, but it’s just that. That leaves Chennai as a favorable urban destination for new industries and businesses, which in-turn should translate to a decent home sales and rental market.
This home, located at the heart of Ramapuram is very near DLF, L&T, SRM University (Ramapuram Campus), MIOT, Pon Vidyashram, St. Johns, etc. It’s a great home for people working or studying at the Porur/Ramapuram area.
Contact 9962612255 for details
Located in a prime location in Adyar, this property is ideal for offices, play schools, clinics, parlours, warehouses, etc. You wont get a better location than this. Main house is approximately 1600 sq. ft. and outhouse is 300 sq. ft.
Key highlights of the property are
Call 9962612255 to schedule a visit.
If you ask the high-rise builders, they’ll say ‘yes’. Most small time builders don’t even know what it means. But the good news is that Chennai is in a Zone II area, which means you can expect earthquakes of only upto 4.9 on the Richter scale. An earthquake of 4.9 may not be as damaging as the Mar 2011 Japan earthquake, but depending on the epicenter, it could damage a lot of properties.
The local paper, The Hindu, carried an article on Chennai and earthquakes and it sounds a little scary. The key take away from the article is
- There’s no certification required for buildings to be earthquake resistant
- There’s no department in the city to certify that a building is earthquake resistant
So, we are left with builders ‘code of ethics’ to make sure that their buildings withstand a reasonable earth quake. With many builders interested in making a quick buck and taking short cuts such as thinnner walls, poor cement to sand ratio, shorter curing span, etc. you wonder which builder really took the effort to make their buildings earthquake resistant.
Up for rental in June 2011 is this beautiful 950 Sq. ft, 2BHK, single family home in Sowmya Nagar, Medavakkam.
Key Highlights
Oh, another important point, it comes with great neighbors! 
Rent: Rs. 10k