Term Plan for Seniors - No Medical Test

Addressing the senior citizens with a first-of-its-kind hassle-free, no-medical-test plan, private life insurer IDBI Federal launched a Term Plan aimed at providing guaranteed cover to those the age group 50 to 85 years.

IDBI Federal Termsurance® Seniors Insurance Plan is an innovative term insurance policy that one can buy after the age of 50, with premiums as low as Rs. 100 per month. The plan can be bought by those up to the age of 85 years and comes with a no-questions-asked, no-medical-tests guaranteed acceptance and offers a life insurance cover for whole of life.

Mr. G. V. Nageswara Rao, MD  IDBI Federal Life Insurance said: “Life Insurance should ideally be taken early, but there are a sizeable number of people who would have missed taking an insurance cover when young. At IDBI Federal, we believe in challenging conventions, so we looked at a simple term plan and re-engineered it. With this unique Termsurance Seniors, a first-of-its-kind product in India, it will be never too late to get covered.”

Mr G. V. Nageswara Rao also said, “With a large number of nuclear families emerging, and the rising life expectancy and lifestyle diseases, there is a possibility of a large number of people nearing retirement with inadequate life insurance to support their spouse after their demise. Termsurance Seniors Insurance Plan is designed to secure the next of kin so they are not left dependent on the next generation. Parents should aim to become self-reliant when their children start a family on their own”

In case of death of the insured person after 2 years of commencement of policy, sum insured will be paid to the beneficiary, provided regular payment of the premiums have been made. In case of death of the insured person is within 2 years from the commencement of the policy, the nominee will get 125% of the total premiums paid.

The premium paid is entitled for deduction of tax under section 80C of the indian Income Tax Act.

About IDBI Federal Life Insurance

Having started in March 2008, IDBI Federal is one of the fastest growing new insurance companies with over 2,92,000 policies issued and a Sum Assured of Rs 16,384 Crores. Prior to Termsurance Seniors Insurance Plan, it has launched several innovative plans like Wealthsurance®, Homesurance®, Bondsurance™, Microsurance®, Termsurance®, Incomesurance™, Retiresurance® and Healthsurance®.

IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India’s premier development and commercial bank, Federal Bank, one of India’s leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. At IDBI Federal, we endeavor to deliver products that provide value and convenience to the customer.

Through a continuous process of innovation in product and service delivery we intend to deliver world-class wealth management, protection and retirement solutions to Indian customers. Having started in March 2008, in just five months of inception we became one of the fastest growing new insurance companies to garner Rs 100 Cr in premiums.

The IDBI Federal Life Insurance offers its services through a vast nationwide network across the branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners. As on April 30th 2011, the company has issued above 2.94 lakh policies with over Rs. 16, 499 Cr in Sum Assured.

Abu Dhabi's Sorouh launches 'Rent to Own' scheme

 29, 2011
Abu Dhabi based developer Sorouh Real Estate, recently announced a new 'Rent to Own' scheme for customers which gives tenants the option of buying their property after 3 years.

Sorouh Real Estate said, ''The offer was the first of its kind in Abu Dhabi. Tenants of Sun Tower will have the right to own their apartment after 3 years of leasing and can convert 90% of the rent paid into equity. 1, 2, & 3 bedroom apartments are available, with rents starting at AED 89,000 which can be paid in 4 cheques."
The project name Sun Tower. It's on Al Reem Island, which at 65 storeys is among the tallest building in Abu Dhabi. Sun Tower has nearly 680 residential units, of which 85 per cent has been pre-sold.

Mr. Paul Middleton, ED ( Sales & Marketing), Sorouh Real Estate, said: "Sorouh's rent-to-own offer is a unique and very exciting initiative, and we are proud to continue to be the first to deliver innovative products to market for our customers. We expects to complete projects worth AED13 billion ($3.54 billion) with delivery of some 7,000 units by 2014"

Sachin Tendulkar takes loan to buy flat

Mr. Sachin Tendulkar
Sachin Tendulkar takes loan to buy 528 sq. ft 1BHK in Panvel

Indian cricketer Mr. Sachin Tendulkar buy home for Rs 30 lakh. The area of house is 528 square feet (Carpet area of 467 square feet and 61 square feet terrace-balcony.) . It is at Bandra’s Perry Cross Road.

The bungalow is not the only property Mr. Sachin Tendulkar has purchased in recent times. He recently booked another house (under-construction 1BHK flat in Panvel, 45 km from Mumbai.). The important news is Mr. Tendulkar took a loan to purchase the flat with a

The cost of the property developed by Thalia Investment Pvt Ltd is nearly Rs 25 lakh. The price would go up to Rs 30 lakh as buyers in Navi Mumbai have to pay about 30 per cent in black money on the total cost. The flat was purchased for the Mr. Sachin Tendulkar’s son Mr.Arjun.

Mr. Arjun wants to become a cricketer. As he wants to stay away from the limelight, Arjun prefers to hone his skills at the Karnala Sports Academy during weekends. The academy is very close to Panvel and Arjun can stay in the new flat instead of commuting to Bandra. Also, the proposed new international airport is just 3km away from the flat. So, it could be used as a halting place by the Tendulkars before flying anywhere.

The registration documents carry Tendulkar’s current address ,Lamor Mishree Park in Bandra .
Nitin Patel of Thalia Investment confirmed that Anjali Tendulkar booked the flat in her name.

About Thalia Investment...
Founded in 2003, Thalìa is an alternative asset management company 51% owned by BSI SA (one of the oldest and most reputable banks in Switzerland).

TN Chamber of Commerce Plea to refix property tax in Madurai

Mr.S Rethinavelu
The Tamil Nadu Chamber of Commerce and Industry has sought a review and refixation of property tax in Madurai Corporation according to the guidelines issued by the Tamil Nadu Government.

A delegation from the Chamber led by its president, Mr. N Jegatheesan, with senior president Mr.S Rethinavelu met Mr.K P Munusamy, minister for municipal administration and rural development, at Chennai recently and submitted a memorandum seeking a direction to the Madurai Corporation to cancel property tax revision implemented from April 2008 and refix the same according to the guidelines issued by the Tamil Nadu Government, said the Corporation had opted for an unprecedented and exorbitant hike in property tax, much to the discomfort of all sections of property tax payers in Madurai.

The memorandum said that the basic rental values fixed in 1998 were arbitrarily enhanced vertically from 118% to 2,900% in 2008, making Madurai Corporation, the only one among all the Corporations in the State to have raised the property tax very steeply. It pointed out that wide disparity subsisted in the tax payable for adjacent new and old buildings of the same size. The trade and industry were already struggling to maintain production even at break-even levelin the context severe credit crunch and power cuts. It is inappropriate for the corporation to fix unbearable tax burden just to offset its own financial crunch, it added.

The memorandum pleaded that the fixation needed to be justifiable and bearable and the revised tax may be implemented retrospectively from April 1, 2008.

Tamilnadu Chamber of Commerce and Industry

4th Floor, 178-B, Kamarajar Salai, Madurai 625 009
Tel: (0452) 2626751 / 2626752 Fax: (91-452) 2626750
Email : info@tamilnaduchamber.org

Mahindra World City to host Holiday Inn Express

Mahindra World City to host Holiday Inn Express, 140-room hotel - Investment of Rs 80 crore
Chennai, June 28, 2011
Chennai based Mahindra World City, already had automobile units, apparel units, IT companies and a school.  Now a hotel venture, Holiday Inn Express by Duet India Hotels. The Holiday Inn Express will have 140-room hotel and  an investment of Rs 80 crore. It expected to be up and running by mid 2013.

Duet India Hotels has raised $20 crore from various financial institutions, including Goldman Sachs to invest in hotel projects in India. International hospitality major, Inter Continental Hotel Group (IHG), too, has invested $3 crore  in this venture.

Mr. Navneet Bali, CIO
(Chief Investment Officer),  Duet India Hotels said ,''Our company would go in for over 50 per cent debt"". The  hotel will be managed by IHG.
About Mahindra World City..!

Mahindra World City is on par with the best business destinations in the world. A City with the distinction of being India's first fully planned and integrated business city, Mahindra World City combines private enterprise and government initiative like never before.
The City is home to lakes, forests and hills. Then again it's also a home to those who work within. There are six lane expressways, plug-n-play infrastructure, offices with a great view of the lush green surroundings. In short it's a City that combines business demands with the needs of a luxurious lifestyle.
Mahindra World City, New Chennai
Administrative Block, Central Avenue, Mahindra World City,
Chengelpet Taluk, Kancheepuram,
Tamilnadu - 603 002, India.
Tel : +91 44 37483500
Fax : +91 44 27460055

India eyes record 7,300 kms of road network expansion, worth nearly $12 billion

India eyes record 7,300 kms of road network expansion, worth  nearly  $12 billion
June 28, 2011

India will award a record 7,300 kms of road building contracts current  year (2011) worth  nearly  $12 billion.
According to a top official of NHAI ( National Highways Authority of India) as a huge privatisation drive makes developers more willing to take on projects and foreign funds eager to invest, .

The new contracts will help India meet its target of building 20 kms of roads per day as part of a massive overhaul of its infrastructure sector, boosting the country's economic growth.

Inidan Realty stocks lose Rs 35,300 cr in last 18 months

 The market capitalisation of indian  realty stock has eroded by Rs 35,305 crore in the last 18 months. The full market capitalisation of BSE Realty index declined to Rs 75,128 crore on july 23 (2011) from Rs 1.10 lakh crore on December 31, 2010.

The CNX realty index consisting of 10 stocks has declined 39% in the last one year,  barring Godrej Properties, all others have seen a price correction from 17% (Oberoi Realty) being the lowest to 85% (Orbit Corporation)  being the highest .

 “The indian realty sector today is last in anyone's list to invest.,” said a Bombay based leading Stock Broking company.

Mr Prakash Diwan, Head (Institutional Equities) Networth Stock Broking Said, “Those who also have some business interest in infrastructure might bounce back but pure realty players will see tough times ahead.”

Real estate players had managed to rope in investors into their new projects announecments.Major metro cites would see a 25-30 %  correction in property prices.
Totally, there is unanimity on the indian realty companies would find it very difficult to raise money from the indian equity markets in the near future and coming years..

Reserve Bank warns banks on real estate valuation frauds

Reserve Bank of India (RBI) has asked all banks to submit an action-taken report on by inflated valuations of real estate properties for the purpose of home loans.

The matter was raised recently by RBI Governor D Subbarao during a meeting of the BFS ( Board for Financial Supervision). The banking regulator reminded bankers about the prudential norms on valuation of assets and asked them to follow these in practical.

 While reviewing the annual financial inspection reports of Indian banks, RBI has come across a high incidence of inflated valuations of real estate properties frauds in recent times . Regarding that the matter was taken up by BFS and RBI Governor D Subbarao, wanted the issue to be addressed on a priority basis.

The RBI sources said, ''Banks were reminded that valuation agencies indulging in such practices could be blacklisted. They were advised to share the names of the blacklisted agencies with each other.

Such frauds affect banks when they have to liquidate a property due to a loan default. During liquidation, it is often found that the value of the property is far less than what was mentioned when the loan was sanctioned. RBI has noticed frequent occurrence of such incidents.

Indian Banks’ Association (IBA) CEO K Ramakrishnan said, “ Our IBA has shared RBI’s concerns with the banks. We have assured RBI that banks will exercise caution while evaluating properties.”

Non-performing loans in the Indian commercial real estate segment have increased from 1.6 per cent to 2.3 per cent in the past one year. From June 2010 to 2011 June ) .PSU banks also had high NPA. In 2010 October, RBI raised the risk weighted on residential housing loans of Rs 75 lakh and above, to 125 per cent and capped the loan to value ratio at 80 per cent.

About BFS..!
BFS ( Board for Financial Supervision)  was formed in 1994 in the wake of the Harshad Mehta scam. Its objective is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies. BFS, which meets once a month and discusses annual financial inspection reports and various issues related to the sector.
The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India.

BFS meetings

The Board is required to meet normally once every month. It considers inspection reports and other supervisory issues placed before it by the supervisory departments.

BFS through the Audit Sub-Committee also aims at upgrading the quality of the statutory audit and internal audit functions in banks and financial institutions. The audit sub-committee includes Deputy Governor as the chairman and two Directors of the Central Board as members.

The BFS oversees the functioning of Department of Banking Supervision (DBS), Department of Non-Banking Supervision (DNBS) and Financial Institutions Division (FID) and gives directions on the regulatory and supervisory issues.

Some of the initiatives taken by BFS include:

   1. restructuring of the system of bank inspections
   2. introduction of off-site surveillance,
   3. strengthening of the role of statutory auditors and
   4. strengthening of the internal defences of supervised institutions.

The Audit Sub-committee of BFS has reviewed the current system of concurrent audit, norms of empanelment and appointment of statutory auditors, the quality and coverage of statutory audit reports, and the important issue of greater transparency and disclosure in the published accounts of supervised institutions.

Current Focus

    * supervision of financial institutions
    * consolidated accounting
    * legal issues in bank frauds
    * divergence in assessments of non-performing assets and
    * supervisory rating model for banks.


SEBI asks Sahara group to refund Rs 4,843 cr to investors

Securities and Exchange Board of India (SEBI) asks Sahara group to refund Rs 4,843 Cr to investors, is subject to Supreme Court clearance. The order will, however, take effect only after it is considered by the Supreme Court. On May 12, the Supreme Court had asked Sebi to "expeditiously hear and decide this case."

It is the biggest refund order in SEBI's two-decade history. SEBI directed to Sahara group companies to return Rs 4,843 crore collected under, their optionally fully convertible debentures (OFCDs) schemes to investors.The two companies are Sahara Commodity Services Corporation and Sahara Housing Investment Corporation.

The 99-page order passed by SEBI whole-time member KM Abraham recently held Sahara group promoter Subrata Roy Sahara and three directors of the companies — Vandana Bhargava, Ravi Shankar Dubey and Ashok Roy Choudhary —jointly and severally liable for the refund.

Sebi also asked the Sahara group to pay an interest of 15 % per year from the date of receipt of money till the refund.to the satisfaction of the regulator.".

Sahara Commodity (earlier known as Sahara India Real Estate Corp) and Sahara Housing started raising money by issuing OFCDs in March 2008 and September 2009, respectively. According to the balance sheet of the Sahara group, it had raised about Rs 4,843 crore in June 2009.

SEBI, while going through a prospectus filed by another group firm, Sahara Prime City, for an IPO (Initial Public Offer), found that this money-raising through OFCDs violated its public issue norms. It banned these entities from raising money in November 2010. Sahara challenged this interim order in the Allahabad High Court and later in the Supreme Court, which passed its order on May 12.

World's tallest residential tower set for 2011 December completion

''The world's tallest residential tower will be completed in December 2011" said  Tameer Holding Investment  The property developer said its Princess Tower project in Dubai was on schedule and the superstructure of the project was now complete. The tower will rise to  1,358 feet  ( 414 metre )  on the Dubai Marina development, which encompasses 107 floors. It will be second only in height to the Burj Khalifa.
With a total built up area of 1.75 million sq ft, Eight retail units will also be provided on the ground floor of the tower. Princess Tower will house 763 luxury apartments, including one, two and three bedroom apartments plus four and five bedroom penthouses.
Council on Tall Buildings and Urban Habitat data shows, currently the tallest residential building in the world is the 78-storey Q1 tower located on the Gold Coast of Australia, which stands at nearly 323 metre high. But Princess Tower won’t hold the record for long if the 170-storey, 550 metre Pentominium Tower, also located in Dubai Marina and already under construction,  its scheduled  to completion coming the year 2013.

About Tameer
Dedicated to the meticulous creation of comfortable living spaces and inspirational work environments, Tameer Holding Investment L.L.C. (TAMEER) emerged with an ambitious vision of developing as one of the most trusted brand names in real estate. TAMEER’s commitment to pursuing perfection and its relentless search for innovation, distinguished it as one of the early pioneers in the fast-expanding regional market.
TAMEER has experienced rapid exponential growth, increasing from a handful of dedicated individuals in 2005 to a diverse team of several hundred professionals today, simultaneously cultivating its project portfolio to over 30 landmark developments in the UAE, the GCC and the greater MENA region.

TAMEER has established itself as one of the dominant forces in the region's real estate scene, having entered a strategic partnership with the Al-Rajhi Investment Group, further enhancing its expertise and leadership in property development.
Selecting the most prestigious and premium locations in Abu Dhabi, Dubai and Northern Emirates, TAMEER's landmark developments include the iconic Tameer Towers, at Shams Abu Dhabi on Al Reem Island; Princess Tower in Dubai Marina, one of the world's highest residential structures; and the technologically ground-breaking Platinum Towers at Business Bay.
Tameer Dubai Office
P.O. Box: 47748
Dubai, United Arab Emirates
Tel: +971 4 407 5555
Fax +971 4 407 5566

Mantri Developers expands presence in Chennai

Mr. Sushil Mantri, chairman & MD, Mantri Developers
Bangalore based Mantri Developers announced the launch of their new project in chennai. The project name is Mantri Navaratna. After the success of its first residential project in Chennai – Mantri Synergy, the new Mantri Navaratna project is launch 
Mantri Navaratna located at Chromepet, before 3 km Tambaram. It comprises nine beautiful designed apartment towers planned in accordance to principles of contemporary architecture that endeavor to be a reflection of a modern lifestyle.
Mantri Navaratna offers a diverse choice of apartments in the range of one, two and three BHK with each unit designed to receive maximum sunlight and ventilation. The project offers a total no of 272 apartments with stilt + 4 floors with a price starting from Rs.22 lacs onwards.
The key highlight of the project would be the strategic locational advantage as Mantri Navaratna is centrally located with excellent connectivity to the Chennai international airport, railway station, bus-stop and is in close proximity to the Old Mahabalipuram Road, IT SEZ at Porur and CBD Chennai.

The project offers  a range of amenities like gym, landscaped gardens with paved garden walk, jogging trail, children’s play area, outdoor exercise area etc. Also understanding their responsibility towards environment, Mantri Navaratna will have recycled water utilisation and rain water harvesting.

Mr. Sushil Mantri, chairman & MD, Mantri Developers Pvt Ltd, said, “At Mantri Developers we always strive create a legacy of excellence for our discerning customers. Today, the need of the time is energy efficiency which is on the priority list for all home improvement work these days and Mantri Navratna endeavors to provide homeowners with energy efficient measures that will not only save costs for customers but also contribute towards saving our planet. ”

About Mantri Developers

Established by Mr. Sushil Mantri in 1999, Mantri Developers is one of India's leading real estate developers building world class residential properties, IT parks, shopping complexes, commercial buildings and educational institutions. In just 11 years, the company has delivered over 6,000 homes, built 20 projects and has to its credit over 1 crore square feet of constructed area, over 30,000 satisfied residents and over one crore square feet under various stages of construction.
Pioneering trends in the real estate sector
Mantri Developers have a number of distinguished residential and commercial properties to their credit, with an enviable track record of delivering 1.4 homes every day in the past.
A trendsetter in the Indian real estate sector, Mantri Developers can be credited with pioneering a number of "firsts":
• First to partner with Morgan Stanley Real Estate for FDI in real estate in 2006
• First to provide individual swimming pools for penthouses    in Bangalore since 2003
• First to build Ultra Luxury homes with a 360 degree view    in 2003
• First to have a public-private partnership (PPP) to improve Bannerghatta Road, Bangalore on 23rd September, 2003
• First to offer customization of interiors & specifications  bare shell.
• First to offer Home Concierge: on-call services at your doorstep
• First to introduce telemedicine for residential properties in India
• First to take up a public-private partnership with the Lake    Development Authority to improve Mahadevpura Lake,    Bangalore
• First PPP in India for development of a Metro station with    Bangalore Metro Rail Corporation Ltd (BMRCL)
The speed at which Mantri Developers have journeyed in this industry and the incredible volume we have built is a reflection of our deep passion, commitment and expertise. It is the amalgamation of multifarious strategic initiatives that have raised the company to the pinnacle of excellence.
In the coming years the company plans to focus on the residential sector, retail, hospitality, IT Parks and educational institutions in Bangalore, Chennai, Hyderabad and Pune.

Mantri House.
#41, Vittal Mallya Road,
Bangalore - 560 001.
Tel: +91-80-41300000
Fax: +91-80-41325000
Email: homes@mantri.in

Online appointment for property registration in Gurgaon

Online appointment for property registration in Gurgaon from 2011 August
2011, June 23.
From  August, 2011 property buyers and sellers can get an advanced online appointment for registration of properties in Gurgaon to avoid hassles and delays. The appointments will be fixed for four persons per hour.

P C Meena
, Gurgaon deputy commissioner Said, "We will have a separate website for the online appointment. It will be in place in a 45 days. The website will have model formats which will enable consumers to know the required documents and the way a form is to be filled. This will save them from unnecessary harassment they face running from one window to another. This will benefit working people, who take out time from their work for property registration."

For  the facilitate the district administration will develop a portal . People will have the choice of paying a small registration fee. It will be  through credit card to get a date and time slot to appear in person for property registration.
Since the process of registering a property takes not more than 15 minutes, the online appointment format will give four individuals/parties the same time slot. A separate counter will be set up for these online  registing customers.

NHB cautions housing finance companies

National Housing Bank cautions 
Indian  housing  finance companies

NHB. (National Housing Bank)  is state-owned bank and the national regulatory authority for the housing finance sector. It  has sent a cautionary notice to all registered housing finance companies to ensure that terrorist entities linked to Al Qaeda and the Taliban are not their customers.

NHB has also put up the notice on its website, http://nhb.org.in/  to help prevent money laundering and financing of terrorism. These notices are issued under the direction of the Reserve Bank of India (RBI).
N.H.B's  notice contains a list of 20-odd entities associated with terror organisations, as declared by the United Nations. The main names include Bosanka Idealna ,Futura Global Relief Foundation, Benevolence International Foundation  and their allied organisations across the world.

Inidan housing financing companies have been advised to update the consolidated list of individuals and entities linked to  Taliban and Al Qaeda.

."Before opening any new account, it should be ensured that the name of the proposed customer does not appear in the list," N.H.B says in its notice. Also, housing finance companies should scan all existing accounts to ensure that no account is held by or linked to any of the entities or individuals included in the terrorism list.
The idea is to tell the housing finance companies to exercise caution while doing financial transactions. This is an ongoing exercise as part of a government to government agreement to share terrorist organisation details.


ICICI Venture to raise Rs 1,000 crore for real estate funding

The private equity arm of India’s largest private sector bank ICICI Bank, ICICI Venture Funds Management Co , plans to raise up to Rs.1,000 crore. It is its second real estate fund, the India Advantage Fund (IAF) 2.
The fund will raise capital from domestic banks and high net worth individuals (HNI''s) and focus primarily on residential real estate projects of mid-sized developers.

Sanjeev Dasgupta, President (Real Estate), ICICI Venture Funds Management Co Said,  “We will be looking at projects situated in cities such as Chennai,  Delhi-NCR, Mumbai, Pune &  Bangalore. It would take about 9 months to raise the capital,” 

ICICI Venture had earlier raised Rs 2,465.5 1, in 2005. This focused on $550 million for its first realty fund, IAF residential, commercial and mixed land use projects.

DTCP Approved Plots in NH-7 to 1.2 km Kayathar

 Dhanya Land Promoters

Tirunelvlei based real estate promoter, Dhanya Land Promoters new Kanyakumari-Kashmir NH-7 to 1.2km only Kayathar Village SREE NAGAR is currently booking.


Sree Nagar is situated on Kanyakumari-Kashmir NH-7 to 1.2km only
Kayathar Village
Only 1.2 km from kayathar villege & 15km from Gangaikondan ELCOT, SIPCOT
Frequent bus facilities are available.(Tirunelveli to Madurai , Trichy,Chennai...)
Red soil
Ground water resoureses and good aeration are available.
Near By Factory"s {SIPCOT : Coke ,Ramco Sheet, ATCTure Factory, Coming soon Appollo Tyre &MRF)
(EL COT :Syntel, Deccan Services, A&D Cosmic..) Proposed Steel Factory}
Education ( Mother Theresa Metriculation school , Jeyanthra Metriculation School ..)
Proposed kayathar Air port
Prime factor is plots are easily affordable prices i easy installments.
SREE Nagar very good investment place in future.

The Housing plots have the Proper N.O.C and 30 years Encumbrance Certificate under
the guidance of well-experienced lawyer in filed of Document Registration.

Easy Installment Scheme:
Each housing plot is 2.75(1200sq.ft)cents
No advance amount required
Monthly installment amount is Rs .1000/- 50 Months
Payment Should be made 7th of every month without fail.
Every month 7th lucky Draw
For every 300 persons, one lucky winner will be selected.
The lucky winner get Rs.3000/- Gift voucher
Registration of plot and patta charges will be borne from the borrower.
The cost of 1200sq.ft plot is Rs.50,000/- only.

Documents handing over during Registration ;

Legal Opinion Blue Print
Village Map Encumbrance Certificate
Main Documents Sketch copy
N.O.C Sitta

N. Mariappan
Marketing Manager
Dhanya Land Promoters


DTCP layout in NH- 7 Kayathar, Dhanya Land Promoters

Tirunelveli based real estate promoter,  Dhanya Land Promoters new lay out Kanyakumari-Kashmir NH-7 to 1.2km only
Kayathar Village SREE NAGAR  is currently booking.  

 Sree Nagar is situated on Kanyakumari-Kashmir NH-7 to 1.2km only  Kayathar Village
Only 1.2 km from kayathar village & 15km from Gangaikondan  ELCOT, SIPCOT
              Frequent bus facilities are available.(Tirunelveli to Madurai , Trichy,Chennai...)
              Red soil
              Ground water resources and good aeration are available.
              Near By Factory"s {SIPCOT : Coke ,Ramco Sheet, ATCTure Factory, Coming soon Appollo Tyre &MRF)      
   (EL COT :Syntel, Deccan Services, A&D Cosmic..)  Proposed Steel Factory}
             Education ( Mother Theresa Matriculation school , Jeyanthra Matriculation  School ..)
             Proposed kayathar Air port
             Prime factor is plots are easily affordable prices i easy installments.
             SREE Nagar very good investment place in future.

The Housing plots have the Proper N.O.C and 30 years Encumbrance Certificate under
         the guidance of well-experienced lawyer in filed of Document Registration.

Easy Installment Scheme:-
         Each housing plot is 2.75(1200sq.ft)cents
         No advance amount required
         Monthly installment amount is Rs .1000/-   50 Months
         Payment Should be made 7th of every month without fail.
         Every month 7th lucky Draw
         For every 300 persons, one lucky winner will be selected.
         The lucky winner get Rs.3000/- Gift voucher
         Registration of plot and patta charges will be borne from the borrower.
         The cost of 1200sq.ft plot is Rs.50,000/- only.

Documents handing over during Registration ;

      Legal Opinion         Blue Print
      Village Map            Encumbrance  Certificate
      Main Documents    Sketch copy
      N.O.C                      Sitta

N. Mariappan
Marketing Manager
Dhanya Land Promoters

DTCP layout in Tenkasi Road on Tirunelvlei

Tirunelveli based real estate promoter,  Dhanya Land Promoters new DTCP Approval layout in Tenkasi Main Road, 14km from Tirunelveli -  AJ Nagar is currently booking.  

The Housing plots have the proper N.O.C and 30years Encumbrance Certificate under the guidance of well experienced lawyer in field of Document Registration .


    * AJ Nagar is situated on Tirunelveli-Kollam SH39 (Tenkasi Main Road ) to 1.1 km only
    Maranthai village, Alankulam Taluk
    * Only 1.1 km from Kayathar village &14km from Tirunelvlei Town .
   *  Frequent bus facilities are available .( Tirunelveli to Tenkasi,Senkottai, kollam.)
    * Good red soil
    * Ground water resources and good aeration are available
    * Near By Tamilnadu Power Storage ,power grid -co-of India
    * Education ( Einstein Eng college , M.S University, Rani Anna  College , Mariyam Polytechnic, ITI
    AJ Nagar very good investment place in future

Booking Scheme

 Each Housing plots is 3.70 cents (1617sq.ft)
    Per Cent Rs.30,000/-  only
    3.71 cent Plot rate Rs 1,11,000/- only
    Advance amount Rs,10,000/-
    Document Period One Month
    Registration of plot and patta charges will be borne from the party.

Document handing over during Registration
Legal opinion        Blue Print
Village Map         Encumbrance Certificate
Main Document    Sketch copy
 N.O.C                    Sitta
                 DTCP APPROVAL NO
               AJ NAGAR PHASE I  -LP/R (TVL) No.99/2010
               AJ NAGAR PHASE II - LP/R (TVL) No 16/2011

N. Mariappan
Marketing Manager
Dhanya Land Promoters

Akshaya Homes plans healthcare foray

Mr. T Chitty Babu, chairman, Akshaya Homes
Chennai based Real estate developer Akshaya Homes Pvt Ltd is planning to enter health care sector. It setting up 3 health care centres in Chennai. The total project cost is nearly Rs 300 crore. Akshaya Homes would rope in health care service providers to run these centres.
Mr. T Chitty Babu, Chairman, Akshaya Homes, said,''The first centre would come up on OMR (Old Mahabalipuram road) and would be spread over 3 lakh sq ft. It would have nearly 300 beds."
The company is in talks with five health care institutions, including chain hospital groups, for joint venture to run the facility.  

About Akshaya Homes..!
It has so far developed 30 lakh sq ft and another 46 Lakh sq ft of commercial and residential projects are under way. It is also commencing luxury homes and commercial projects in cities like Coimbatore, Madurai and Trichy other than Chennai.

Affordable flats by chennai Asvini Foundations

Chennai-based property developer, Asvini Foundations having completed 25 residential projects and delivered around five lakh square feet of living space, is now foraying into affordable housing.

The company is set to launch at Nellikuppam village, between Thiruporur and Guduvancheri, thereby providing access to both the IT Corridor as well as the GST Road.The project name is Amanya, to be developed over 14 acres of land, will offer a total of around 1,000 flats. The flats a mix of 1BHK, 2BHK, 3BHK units. Phase I offering 250 flats.

The construction has already started and the flats will be handed over to residents by end of 2012.

Mr. Aarti Razee, director, Asvini Foundations said,“The single bedroom flats will be nearly 600 sq ft , while the 2BHK will be around 850 sq ft, 3BHK will be nearly 1,200 sq ft . About 10 per cent of Phase I, 250 flats to be built will be 1BHK units and another 20 per cent as 2BHKs and the rest 3BHKs, While pre-sales are happening in the price bracket of Rs 1,800-1,900 per sq ft, post launch of the project in July, the price will increase to Rs 2,000 per sq ft. Amanya truly offers affordable homes to end users in the budget range of Rs 12 lakh - Rs 20 lakh”

Amanya has a club house, walking track, gym, children’s play area and swimming pool shuttle and basketball courts, among others.

Chennai’s IT corridor gets its first full-fledged mall - Coromandel Plaza

Chennai’s IT corridor gets its first full-fledged mall. The mall name is Coromandel Plaza.Suryavardhan Estates, a joint venture by the promoters of Tarapore & Company, which has built several landmarks in Chennai and other cities, and Mangal Tirth Estate( promoted Chennai’s Spencer’s Plaza), have completed the construction of the first full-fledged mall on OMR.

Chennai’s IT Corridor or OMR, Chennai’s IT Corridor, has witnessed the newest and tallest buildings, IT Parks, residential towers and five star hotels. To augment the above features, there is a distinct requirement for a retail and leisure destination. Coromandel Plaza is the first mall on OMR, Taking into account the high salaried individuals here, the presence of IT Parks, residential developments, schools, colleges, hotels and hospitals, it is evident that OMR will continue to grow exponentially, the Suryavardhan Estates Said.

N Radhakrishnan, director, Suryavardhan Estates says, “OMR has been booming with the increase in a lot of IT Parks and residential complexes.. Realising that organised retail market is on the increase, we are the earliest players to provide the complete experience of shopping, leisure and entertainment all under one roof”

Coromandel Plaza, the mall, is ready for leasing.AGS Cinemas, 4 screen multiplex has already started functioning in the mall early June month. The mall, which will offer a total area of three lakh sq ft. The mall will also have a fine dining restaurants, family entertainment areas, hypermarket, food court, department stores and several designer stores.
Some of these features provided in mall Wi-Fi throughout the mall as well as Internet browsing facility, ATMs etc.

Delhi property prices up 10-45%, Main reason Metro Rail

Property prices in the Delhi NCR region have escalated between 10-45% in the last one year, April ended 2011. According to a study by real estate portal 99acres.com.

Vineet Singh, business Head of 99acres.com, said,'' Capital values in Delhi continue to move upwards even though the market seems to be in a phase of stagnation. At best rates will stabilise If the present trend continues we'll see price stability in Delhi going forward. But, as of now I do not see any price reduction happening in the Delhi market"

Real estate prices in some areas of the NCR (national capital Region) up between 20 - 27% in the first quarter of the current 2011-12 fiscal as compared to the corresponding period of 2010-11.
According to 99acres.com report, the upward price sentiment would continue as the prices on average are growing by 15 percent.

This increase in prices indicates that the sentiment in the sector has improved drastically since the slowdown. Main reason for price increase was Metro Rail.

Indian Industrialist Sandeep Jajodia buys bungalow for Rs 170 crore in south Delhi

Delhi June 08, 2011

Indian Industrialist Sandeep Jajodia (Age 43), head of Monnet Ispat & Energy (sponge iron maker) has bought a house in south Delhi for Rs 170. This is for his family's use.

Nearly Rs 80,000 a square foot-for the bungalow built on a 2,000- square-yard plot in the Capital's posh Shanti Niketan area.

Stamp duty of Rs 10.21 crore for the property. The deal has been part-financed by HDFC Bank to the tune of Rs 100 crore..

Jajodia, confirmed that bought the house.

TN to probe Rs 1,100 crore new secretariat complex construction project

Tamilnadu government to probe Rs 1,100 crore new secretariat complex construction project

The new Tamil Nadu government said it would conduct an enquiry on the construction of the new Assembly-cum-secretariat complex built by the DMK government at the cost of more than Rs 1,100 crore. This will be the first such enquiry initiated by the new ADMK government against the previous one.

The decision is expected to further hit DMK’s image, since its representatives, including former Union communications minister A Raja and DMK MP and Karunanidhi’s daughter M Kanimozhi are already in judicial custody for various acts of alleged commission spectrum case.


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