Posted by admin on July 24, 2012
While property prices keep going up in OMR, rental of certain type of homes is not catching up because of huge supply.
6 to 8 months ago, apartment prices in Sholinganallur was around 4000 to 4200 per SF, today it is hovering around 5000 per SF. Similarly, another of our favorite location, Medavakkam, has seen prices go up from 3600 per SF to 4500 per SF in the last one year.
Plenty of builders are creating a huge supply of homes in OMR, which puts pressure on rental rates. 2BHKs are able to hold their rent quite well because of their demand since most renters are usually young and have smaller families, so they prefer a 2BHK. But 3BHKs are having to drop their rent significantly to get renters. In many complex, the rental difference between 2 and 3BHKs is just 1k. This situation will change, but only when the supply/demand situation reverses.
Posted by admin on May 6, 2012
Located in a posh locality, with quick access to OMR and other parts of the city, this home is ideally sized for a family with kids.
Key highlights of the property
- 1650 Sq. Ft., 1st floor of an Independent home
- Pollution free as it is tucked slightly away from the main road
- Walkable to public transportation
- Many shops in walkable distance
- Modular kitchen
- Wardrobes
- A/C
- CCP
Posted by admin on April 26, 2012
Chennai high court stays the recent police order that requires home owners to register their tenant information, based on a public interest petition.
The opposition argued that this is in violation of a constitutional right that an Indian can reside in any part of India. It also offends the right to privacy and the right to dignity of people residing in rental homes.
Hearing will be held after the court reconvenes post court summer holidays.
Posted by admin on April 26, 2012
Affordable housing in Kelambakkam, very near Siruseri, the IT hub of Chennai. This 800 SF apartment is located opposite to Emerald Engg. on Kelambakkam-Vandalur road, which is 1.5 km from Kelambakkam junction.
With affordable rent and low maintenance fee, this home offers a lot of value for the renter.
Other hightlights of this property are… CCP, 3km from Hindustan College, ample panchayat and ground water, near chettinad hospital.
Call 9962612255 for a visit
Posted by admin on March 17, 2012
Live in luxury on OMR with an amazing view of the ocean from this 18th floor apartment. The home is semi-furnished with modular kitchen, wardrobes in both rooms, 2 A/Cs, designer lights and fans.
TVH Ouranya Bay is very close to Siruseri IT park with over 40 families living in this newly built apt. complex.
TVH Ouranya Bay
Amenities include:
Clubhouse
Gym
Swimming Pool
Children’s Play Area
Banquet Hall
Call 9962612255 for a visit
Posted by admin on February 23, 2012
Wake up to the view of the ocean and muttukadu lake. This 3BHK home near Hindustan Engg. College makes living complete with modular kitchen, wardrobes, 4 A/C, Heaters, Lights, Fans, etc.
Other amenities include: Club room, gym, pool, park, tennis court, treated water & back up gen
Contact 9962612255 for a visit
Posted by admin on February 9, 2012
I see many owners disappointed when they find out that their rent will not cover their mortgage. Real estate prices in Chennai has gone up so much that if you buy a home today, your rent will not cover your standard 70% mortgage.
For a 60 lakh flat on OMR, with a rent of 15k, the yield is within the 3 to 4% bracket, which pales in comparison to bank interest rate, but it is still decent for this asset class, when you account for asset growth.
Here is an opinion from Knight Frank India in The Economic Times stating typical yield on properties
Posted by admin on February 1, 2012
A spacious new 3BHK, semi-furnished home is up for rent in L & T. This home has classy woodwork and fixtures including modular kitchen, wardrobes, A/C, lights, fan, 2 CCP, etc.
With a great school like PSBB and plenty of companies in walking distance, there is nothing much you can ask for.
Other highlights:
CCP, Lift, Backup Generator
Park, Kids play area, Club house & Swimming Pool
Departmental store within complex
To visit, call 9962612255
Posted by admin on December 27, 2011
Reside at the best address in town – Kalakshetra colony, Besant nagar. This 4 bed/3bath home is very close to the beach, semi-independent and very spacious
Besant Nagar Indep Home
Key highlights of the property are
- Hop, step and jump to the beach
- Semi-independent home
- Upgraded Floors, toilet, kitchen and rooms
- Well lighted and windy
- Property on a 40 ft road
- Plenty of parking
If you are interested, call us at 9962612255
Posted by admin on December 1, 2011
Live close to work in SIPCOT, Siruseri and in walking distance to PSBB, the most sought after school on OMR.
This is a spacious new 2BHK with woodwork and fixtures including modular kitchen, wardrobes, pooja room, loft cabinets, lights, fan and an A/C
Other highlights:
CCP, Lift, Backup Generator
Park, Kids play area, Club house & Swimming Pool
Departmental store within complex
To visit, call 9962612255
