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
Starting Nov 21, 2011, SBI will not charge pre-payment penalty on its home loans. RBI has been pushing banks to drop the penalty for a while and finally, some one stepped up to the plate.
There were two kinds of pre-payment that customers did- paying off from their own funds or through a loan from another bank. Some charged penalty only if you paid off your loan from another bank. But now SBI has said NO penalty to any kind of pre-payment.
This is good news, as pretty soon other banks will have to follow suit to keep up with the competition.
Some properties rent very quick and it is definitely not by luck, rather they have a lot going for them. Based on our experience, we have compiled a few must-haves for a rental/investment property. These apply to your property whether it is in Chennai or anywhere else in India.
Less than 100 meters to main road - Tenants want to be able to hail an auto or shop for groceries within a short walk. Take 100m as a thumb rule. We have seen renters reject good houses, since they were more than 200m away from the main road.
Near major employers - Most people move to be closer to work or schools, so why would they move to a home where they have a long commute. If you can find a home where a major employer or great schools are less than a couple of KM, you are good to go. Do you have an opportunity to buy a home near DLF or on the OMR stretch? grab it.
Small size – Small size homes rent much faster than bigger homes. Majority of the tenants fall under the demographics of bachelors or newly married or family with 1 or 2 kids who are usually on the look out for 2 or 3bhk between 1000 to 1400 SF. Also, in terms of pure ROI calculation, if you can get Rs. 15 per SF for a 1000SF home, you cannot command the same rate for a 2000SF home- SF rate of rent drops as the home gets bigger.
Less monthly maintenance – Most new complexes charge upwards of Rs. 2/Sq. Ft. For a 1500SF house that is Rs. 3k on top of the rent, which is a lot of money for renters. If you can find smaller complexes that charge less than a Rs. 1000, it is much better. Consider this, not everyone wants a swimming pool or a gym in the complex, these are the amenities that push the maintenance fee up.
Of course, there are exceptions to the rule, like villas on ECR or flats near boat club, which target a different kind of audience.
Finally, for some shameless plug, find a good property management company to manage your property, so you get some peace of mind, knowing that your property is looked after.
A home at Bollineni Hillside, is really by the hill side, surrounded by hills and lush green pasture, it provides peaceful & serene living.
Bollineni home for rent near BVM
Highlights of this house are
Contact 9962612255 to visit
If property prices drop right after you buy, this could be the case. In such situations, unlike in US or many other countries where the bank doesn’t bother you as long as you pay the loan, in India, the bank can ask you to pay up.
Indian banks expect you to pay the difference in price immediately- no you don’t have much time. The banks don’t want your outstanding loan amount to be greater than the current value of the house. It doesn’t matter whether you have a job or have the ability to pay your loan, you will always have to keep your loan amount less than the value of the house.
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.
This Beauty parlor is in a great location in Velachery – right on the main road. Owners are leaving abroad to live with children, so won’t be able to run it anymore.
Owner is asking for 3.5 lakhs, for which you get the brand, customers and equipments. Owner declares an average revenue of Rs. 50,000/mo.
This will be a viable mom-pop operation, where owner takes care of daily operations with a couple of assistants.
Interested Entrepreneurs, get in touch with us for more info or directly with the owner, Mr. Satya Narayanan @ 91 81059 49230