Chennai Realty May 2011

www.chennairealty.biz
weekly Newsletter on Real Estate in Chennai Vol. 1 : Issue 3

Chennai’s Exclusive Real Estate Magazine

People Power Available in Stands from June 2011
The recent election results
have once again demonstrated
the depth of democratic
To Subscribe, Call - 87544 89129
values and ethos that India
has come to be known for.

Chennai likely to get 2nd airport

I feel particularly proud to be a
Tamilian today.
When the entire country
was watching in bated breath
whether power and money could
win elections in Tamil Nadu,
the informed Tamil electorate
has proved that they cannot
be bought over by money or
subdued by power. Had it gone
the other way, it would have set
an extremely bad precedent for
political parties in other States to
follow. For political parties, the
results stand as a testimony that
only good governance and welfare
of all will matter in the long run and
not just freebies.
Let’s pray and hope the public
continues to act as informed
vigilantes in times to come.

T
This reaffirms our faith in our he Union Civil Aviation Hence the need for a 2nd airport of this airport project of which nearly
democracy and we surely should
feel proud for being an Indian. Ministry and state-run international standards is definitely 2000 acres have already been
Jai Hind! Airports Authority of there and it would be up to the new acquired. It takes 3 – 4 years for a
Happy Reading! India (AAI) held a recent meeting government to take up this project green field airport to be built from
Kishore Kumar to discuss the possible construction to ensure Chennai continues to scratch which means for the new
Editor retain its global competitiveness airport to be ready by 2017 the
Chennai Realty of a second airport for Chennai at
.biz
vis-à-vis other cities like Bangalore, work would have to start at least
Sriperumbudur near Chennai. Civil
Hyderabad and Cochin where by 2014. The new airport will make
INSIDE Aviation Ministry sources said it
airports are functioning far more Chennai join the growing number
 Branded Homes had been estimated that the current efficiently under Public-Private of global cities with 2 airports.
 Wealth Monitor Chennai airport could be saturated Partnership model. The new airport is expected to
 VC / PE Investments in india by 2017 and pointed out that parallel Government of Tamil Nadu has provide employment for over 3400
 City Price Index runways cannot be constructed at already identified about 4820 people directly and another 5000
 New Project Launch the current Chennai airport. acres in Sriperumbudur area for jobs indirectly.

FDI dips 28% to 4-Year Low

High Inflation, Delayed Approvals, Corruption hit new investments

F
oreign Direct High inflation, delays in getting project approvals as simplify laws and be transparent,”
Investments (FDI) well as problems with regard to land acquisitions are said B Muthuraman, vice-chairman,
has dropped 28% in some of the factors that have dampened spirits. As a Tata Steel, and president of the
FY 2011 to touch a 4-year low result, new projects are getting delayed and in its Confederation of Indian Industry
of $27 billion. This was mainly place prudent management of working capital and (CII). This, he said, would help
on account of lower FDI inflows inventory has taken precedence. The value of improve India’s competitiveness as a
under services and construction, investment projects completed fell from about Rs global manufacturing location.
real estate and infrastructure. 3.5 trillion in 2009-10 to Rs 2.7 trillion in 2010-
Also the recent increase in 11, according to the Centre for Monitoring
lending rates by RBI has led Indian Economy (CMIE).
to slowdown in domestic “India’s image has taken a beating
investments has contributed in the international arena. The
to the slowdown of flow of FDI government needs to
from key markets into India.
 Chennai Realty

Weekly Wealth Monitor upcoming Events

Sensex Crude (per Brl in US$)
19200 19135 140 125.58

19000
120 109 Budget Homes 2011
18800
100
80
27 - 29 May 2011
18600 18519
60
Sensex Crude (per Brl in US$)
Chennai Trade Center, Chennai
40
18400 20
0
18200
Last week This week
-20 Last week This week Up / Down
-16.58 Hindu Metroplus Lifestyle Show
-40
30 May - 6 Jun 2011
Gold (10 gms in Rs.)
25000
Chennai Trade Center, Chennai
22140 21870

20000
RETAIL 16.7

INFOTECH 15.2
15000
Luxury Homes 2011
BANKING 27.54
Last Year
10000 Gold (10 gms in Rs.)
7 - 9 July 2011
-41.21 REALTY
Last week
5000
Chennai Trade Center, Chennai
0
-15.73
CONSTRUCTION Last week This week Up -270
/ Down
-5000
-60 -40 -20 0 20 40

HUDCO TO SANCTION ` 25K CRORE

India Venture Capital / Private Equity Investments
FOR PROJECTS IN FY12
The Housing and Urban identified, said a senior official
Development Corporation Limited from the Government of India
(Hudco) will be sanctioning enterprise.
Rs 25,000 crore for various A techno financing institution
projects in the financial in housing and urban
year 2011-2012. development,
Of this, Hudco Hudco finances both
is expecting to government and
disburse around private projects
Rs, 8,000 crore in related to real estate,
the current fiscal, power, infrastructure
while the remaining and special economic zones.
would be released
as and when new projects are

Branded Homes – Next Big Thing in Luxury Realty

G
lobal hotel firms and dedicated concierge, you’ll enjoy five- Luxury demand based Oberoi Realty is in talks with global
leading domestic realty star living.” Ritz-Carlton has a track
The rush to build branded residences hotel brands such as St Regis Residences,
firms have come together record of servicing such residences is not without reason. According to a Mandarin Oriental Residences and Ritz-
to market the latest in high style in Singapore, New York, Bangkok and report by Knight Frank and Citi Private Carlton Residences for its Worli project.
luxury living in the country – Branded San Francisco. Bank, a higher number of high net Nitesh Estates is doing three projects, in
worth individuals are choosing luxury Bangalore, Chennai and Goa. US-based
Homes. Ritz-Carlton, a global leader
BRANDED HOMES: WHO IS DOING WHAT Trump Organisation has already tied up
in the hospitality industry is in talks properties in Asian cities.
with Mumbai-based Rohan Lifespaces
with Bangalore-based Nitesh Estates Developer/ Aiming to cash in on the swelling
owner
Brand Location to launch Trump-branded residences in
to develop 2 ultra-luxury residential number of globe-trotting wealthy
South Mumbai.
properties in Chennai and Bangalore. Nitesh Bangalore,
Indians, international hotel chains such
Estates
Ritz Carlton
Chennai as Ritz-Carlton, Four Seasons, Starwood But the buyers need to have deep pockets,
According to a company staffer,
Group, Carlson Hotels and a host of as these apartments do not come cheap. For
“Imagine a home not only defined by
Westcourt
Four
Bangalore Indian developers such as Nitesh Estates example, the residences being developed
sophisticated style and sumptuous Seasons
and Oberoi Realty are betting big on by Nitesh Estates in Bangalore and Chennai
furnishings, but equipped with
Jatias
Four
Mumbai branded residences in the country. While are priced between $1 million (Rs 4.4 crore)
impeccable service delivered by The Seasons
and $3 million (Rs 13.2 crore), depending
Four Seasons is doing two such projects,
Ritz-Carlton. From housekeeping and with Westcourt in Bangalore and in on size and other factors. Sizes vary from
Rohan
Trump Mumbai
valet services to gourmet dining and Lifespaces
Mumbai with the Jatia family, Mumbai- 3,000 to 4,500 sq ft.
 Chennai Realty

Curtain Raiser: E yeball Media announces the

2011edition of
most popular budget property
Chennai’s

Budget Homes 2011

exhibition, Budget Homes 2011. The
exhibition will be held on May 27-
29, 2011 at Chennai Trade Centre in
Nandambakkam.
The expo has been conceptualized
with the aim of providing the customer
to choose from a variety of property
options from over 50 builders across
Tamil Nadu. Projects spread over
the entire city suiting the needs of
today’s discerning budget conscious
home buyers and investors will be
showcased at the property expo.
For the developers, the event
would provide a transaction-focused
platform. last year Budget Home
2010 saw over 35000 footfalls and
generated over 800 spot bookings.
Leading developers like TVH, NAPC
Properties, Inno Geocity, Vijay Shanthi,
VGN, Arun Excello and others have
already confirmed their participation
in this edition.
The exhibition will see participation
from leading banks and financial
institutions offering special schemes
for those booking properties at the
exhibition.
For details: 96000 84255

Ashwini Foundations to invest Rs.1169 crores in residential projects

A
shwini Foundation, a leading Project Name Location Type of No. of Status
Chennai-based property Units Units
developer, plans to invest over Amanya Nelikuppam 1, 2 & 3 BHK 1008 Under construction
Rs.1169 crores to develop seven Atvarika Kelambakkam 2 & 3 BHK 56 Under construction
residential projects over the next Akila Heights Sembakkam 2 & 3 BHK 338 Under construction
3 years. Asvini NRD Towers Avadi 1, 2 & 3 BHK 646 Under construction
The company is involved in Avani Kovaipudur, Villas & Twin 21 + 30 Under construction
Coimbatore Houses
developing the following projects:
- Kolapakkam 2 & 3 BHK 32 Planned
On the upcoming projects, the
- Kuthambakkam 1, 2 & 3 BHK 300 Planned
company plans to launch the
Kolapakkam and Kuthambakkam
projects in Q1 of 2012.
The company has plans of
developing an affordable housing
projects consisting of 2000
apartments in Madurai.
Established in 1999, the company
has executed projects of over 5
lakh square feet of residential
development in Chennai and
Coimbatore.
For details, visit www.asvini.com
or call 044 24544500
 Chennai Realty

Chennai Property Trends

residential
Capital Value 2 BHK Rental Value 2 BHK of Capital Value 1 Ground of
Locations
(Rs./Sft) 1000 Sft (Rs./Month) 2400 Sft (Rs. Lacs)

BUDGET PREMIUM BUDGET PREMIUM AVERAGE

Subscribe Today !

Alwarpet
CENTRAL
8000 18000 16000 30000 300 - 400 Chennai Realty
Monthly Real Estate Magazine
Neelankarai 6000 15000 12000 18000 150 - 200
Sholinganallur 3500 4000 8000 14000 65 - 75
North
Anna Nagar 9000 14000 12000 26000 250 - 350
Avadi 2850 3500 5000 7000 65 - 70
Madhavaram
South
3500 4200 6500 8000 65 - 70
Knowledge
Adambakkam
Medavakkam
5000
3500
6500
4500
6500
7000
9000
15000
90 - 110
60 - 70
is
Teynampet
West
9000 15000 15000 30000 275 - 300
Power
Arumbakkam 6000 7000 8000 17000 180 - 225
K K Nagar 6500 8000 8000 17000 180 - 230
Ramapuram 4200 4800 6000 10000 70 - 85
Outer
Puzhal 1800 2500 4000 7000 7 - 10 Term Pricing
Siruseri 3000 4000 8000 16000 35 - 45
Sriperumbudur
6 months
2100 2400 5000 7000 12 - 15 Rs. 150/-
(6 issues)
1 Year
Rs. 275/-
Commercial (12 issues)
Average Rent in May 2010 Average Rent in April 2010 2 Years
Sub Markets Rs. 500/-
(Rs. / Sft per month) (Rs. / Sft per month) (24 issues)
CBD 3 Years
Rs. 700/-
(Anna Salai, Nungambakkam, RK Salai, (36 issues)
T Nagar, Egmore, Alwarpet)
Grade A 70 - 100 70 - 90
Grade B 55 - 65 55 - 65
Off CBD
(Guindy, Kiplauk, Taramani, Adyar, Anna Nagar) Contact:
Grade A 50 - 65 50 - 65
Ms. Keerthana
Grade B 42 - 47 42 - 47 87544 89129
Suburban Business District subscription@chennairealty.biz
(Velachery, Perungudi, Mount Poonamallee Road)
Grade A 35 - 45 35 - 45
Grade B 30 - 40 30 - 40
Peripheral Business District
(Perungalathur, Sholinganallur, Siruseri, Ambattur, GST Road)
Grade A 35 - 40 35 - 40
Grade B 25 - 35 25 - 35

Construction Material Price Index *

Commodity Unit Measure Previous Week Current Week
CEMENT Per 50 KG BAG Rs. 290/- Rs. 290/-
STEEL Non ISI 6MM / Ton Rs. 39, 000/- Rs.40, 000/-
STEEL TMT 8MM dia / Ton Rs. 42, 250/- Rs. 42, 250/-
STEEL 10-25 MM dia / Ton Rs. 41,100/- Rs. 41,100/-
STEEL RMS / Ton Rs. 44, 500/- Rs. 44, 500/-
STEEL STIRRUPS / Ton Rs. 46, 500/- Rs. 46, 500/-
STEEL VSP/SAIL 10mm dia / Ton Rs. 46, 800/- Rs. 46, 800/-
BRICKS 1 No. Rs. 6/- Rs. 6/-
RIVER SAND Cubic Feet Rs. 45/- Rs. 48/- Albert Einsten
FLY ASH Per Ton (Ennore) Rs.120/- Rs.120/-
BLUE METAL 20MM / Cubic Feet Rs. 26/- to Rs. 28/- Rs. 26/- to Rs. 28/- “Wisdom is not a product
* Courtesy : Bai, Chennai

BLUE METAL 40MM / Cubic Feet Rs. 24/- Rs. 24/- of schooling but of the
QUARRY DUST 0 – 2 MM / Cubic Feet Rs. 20/- Rs. 20/-
lifelong attempt to
BITUMEN GRADE 80/100 Rs. 37,100/- Rs. 37,100/-
acquire it”
BITUMEN GRADE 60/7O Rs. 37, 675/- Rs. 37, 675/-
 Chennai Realty

Advertising Tariff
Section 1month 3 months 6 months
Center Spread 150000 350000 600000

Back Cover 75000 175000 300000

Front Cover Back 65000 140000 250000

Back Cover Back 65000 140000 250000

Page 1 60000 140000 250000

Regular Full Page 45000 120000 200000

Regular Half Page 25000 60000 100000

Regular Quarter Page 13000 30000 50000

Classified (5x8) cm 5000 12500 24000

Cover Story Branding 60000 130000 220000

SPL Supplementary 300000 - -

Advertising size

Full Page (Portrait) Half Page (Vertical) Half Page (Horizontal) Quarter Page Classified Centre Spread
215 x 275 mm 93 x 255 mm 195 x 125 mm 93 x 125 mm 80 x 50 mm 440 x 285

Advertise in

Chennai Realty Advertising

www.chennairealty.biz
Reach over 30,000+ customers
=
in print and online. Growth
To place your ad, contact:
Geo Bruce Leslie Anburaj
87544 89127 87544 87370
sales@chennairealty.biz marketing@chennairealty.biz