Showing posts with label Chennai real estate trends. Show all posts
Showing posts with label Chennai real estate trends. Show all posts

Wednesday, 7 August 2013

Space Saving Furniture Ideas for your home.

Today many people in big cities like Chennai have more opportunities to have a small room rather than a big space. This limitation makes them have to be smart to choose the right furniture.

When it comes to buying furniture for home the main thing that comes to the mind is it should be of right material, color, shape and size. The search for perfect furniture is not an easy one especially when you are living in relatively small homes.

Space-saving furniture
Multifunctional furniture is what got the biggest interest nowadays because in addition to unique furniture designs, many functions are present only in one furniture. Furniture like this saves enough space to live comfortably. The main idea of all this furniture is the efficiency of space so you still have plenty of room to move freely. This practical furniture is not only highly functional but also looks very modern and stylish.

With an ever rising population, the demand for space is only going to increase with time and if there is one thing that many modern homes lack is space. In such situation space saving furniture comes to our help. Following are some of the tips to using money and space saving furniture which will be ideal for small space living. Always try to use furniture pieces that make your room look bigger. For example; instead of a bookcase if you use bookshelves it will make the room look bigger.

  • Use dark floor against light colored walls and furniture. It can really make the place feel more spacious.
  • Using a large mirror gives an illusion of more space.
  • Use expandable dining table.
  • On blue walls you can always use big arts and wall hangings to make the space look bigger.
  • You can use a storage bed so that you don’t need to have a dresser.
  • Always try to use striped floor this gives the room a bigger look.
  • Storage furniture like an entryway bench will help to store your shoes as well as reusable bags in one place.
  • Using light-colors on the countertops will also give a bigger look to the room.
  • Furniture raised on legs will help to make the room look bigger as it gives a sense of light and space in the room. For example sofas and arm-chairs.
  • Using furniture on wheel will also help to make the room look bigger as this furniture can be easily pushed out from the way when not in use.
  • A shelves and storage that are tall but have a small footprint provide lots of space and help to look the room bigger.


Tuesday, 4 June 2013

Whistling woods - luxury apartments in Mambakkam

Vijay Shanthi Builders, always known for their penchant in creating masterpieces now launches their luxury apartments in Mambakkam, The Whistling Woods.  Basically all homes from Vijay Shanthi provides 70% of open space with world class facilities. Strategically located at Mambakkam, the prime suburb near Tambaram, Whistling Woods hosts fabulous 2BHKand 3 BHK apartments ranging between 900 sq. ft. and 1800 sq. ft. Providing a memorable and impeccable experience, Whistling Woods offers an engrossed life in a natural wilderness which is magical, soothing and enchanting. 

Highlights of Whistling Woods:

  1. Unique design
  2. International style
  3. Lake view apartments
  4. World's finest facilities
  5. 3 BHK homes with Penthouse
  6. Amenities - luxurious and trendy.
In close proximity to educational institutions, entertainment avenues, health and service options, Whistling Woods offers a great experience at the bustling suburb of Chennai. Stay tuned for more updates about the project.

 

Wednesday, 15 May 2013

The Art: The masterpiece homes in Nungambakkam

According to K.V. Raman’s ‘The Early History of the Madras Region’, Nungambakkam features in an 11 century copper plate pertaining to Rajendra Chola. He also adds that there are mentions in epigraphs of the large Nungambakkam Lake which was alas, filled in to make way for a residential area in the early 20 century. With a proud history and magnificent landmarks Nungambakkam elates as one of the elegant areas in the residential real estate. Amongst the four prime residential areas in Chennai, three are in Nungambakkam; Wallace Gardens, Khader Nawaz Khan Road and Kothari Road. 

The areas of Khader Nawaz Khan Road, Kothari Road and Wallace Gardens are home to many western brand outlets, cafeterias and swankiest boutiques and much more for the luxury loving Chennaites. The number of art galleries in these areas contributes towards satisfying the art lovers in the city. The educational institutions, consulates, French and Russian Cultural Centers makes Nungambakkam an international hub amidst the bustling city. Being home to all these don’t take it away from the blues of nature. Hence the creator of masterpieces, Vijayshanthi Builders has launched the ultimatum of their creations in architecture, ‘THE ART’. 







Inspired by Pablo Picasso’s cubist style of painting, ‘THE ART’ is perpetually endless in aura and style. Spread across an extensive area of 51,000 sq. ft. The Art hosts 21 handpicked apartments on Kothari Road. Each apartment is spread across 5498 – 5969 sq. ft. with 4 BHK option and divided into 3 blocks.  The 10,000 sq. ft. basement includes state-of-the-art amenities like gymnasium, yoga, aerobics, massage and steam rooms, sauna room, billiards, bar lounge, mini theater, lounge, party hall, dance floor and indoor games. The facilities include two car parks per apartment, underground sump & pneumatic pressure pumps, water softening plant, access card system and video phones connected to security cabins. The true beauty of 'THE ART' lies in its everlasting design and overall outlook where function and form are in harmony.

For more details about The Art, please log on to: http://www.vijayshanthibuilders.com/ongoing-life-theart-intro.aspx


Friday, 15 February 2013

Suburbs hold key to Chennai’s real estate growth.

Chennai is becoming the real estate hub of South India. It is an economic hub and has been listed in “Forbes-Top 10 Fastest Growing Cities in the World“. Chennai’s residential market is considered stable compared to some other metros in India. In the past one year, its residential space absorption has remained stable unlike other tier I cities including Bangalore where there have been a slump. Let us take a look at Chennai residential market in 2013 with the apparent trends and shifts, with special reference to the suburbs bursting with realty vigor.
 
Chennai residential sector

Chennai has witnessed price rise in many of its localities. Analysts have predicted that realty development will see migrating into suburban Chennai in the near future. Suburbs are predicted to be where the residential development would be taking place. The reason being that no longer the city’s real estate activity is limited around areas like T. Nagar and most of the central areas in the city are on the verge of inflation.

Old Mahabalipuram Road (OMR), Oragadam, Madipakkam, GST Road, Sriperumbudur, Tambaram, Medavakkam, Oragadam, etc are some of the emerging realty destinations in Chennai. Most of the apartments located in the suburbs of Chennai have witnessed a price appreciation of over Rs 1,000 per sq ft in the last two years. Residential projects are now going beyond Melmaruvathur along NH45, Maraimalai Nagar and Chengalpet in Kancheepuram.
 

Emerging suburbs

Medavakkam is among the most promising upcoming real estate destinations in India. The suburb close to the Airport saw a 15% price appreciation over the past one year. The average residential property price in 2010 was about Rs 3200 per square feet , which had gone up to Rs 3300 per square feet and Rs 3800 per square feet in 2011 and 2012,respectively.

Old Mahabalipuram Road is another growing suburb where realty development is rapidly sprinting forward. It has witnessed about 20 percent increase in property prices since 2011. The average price per sq ft in this area is Rs 4800.

Thiruneermalai, Madhavaram and Semmencherry are also few of the emerging residential real estate hubs. In Thiruneermalai, the rate per sq ft has increased from Rs 2,500 in 2010 to Rs 3,900 in 2012 and in case of Madhavaram, prices have gone up from Rs 3,300 to Rs 3,900 per sq ft.

South and West suburbs of Chennai are going to see the maximum additions of residential space in the next five years. More than 60 percent of the total residential space is estimated to come up in the South and nearly 30 percent to the West of the city. While Medavakkam will see 103% price rise, Pallikarni could rise by 93% over the next five years.
 

Drivers of residential development

Information technology, allied services and financial services are the sectors which primarily drive the real estate market and dictate the areas of residential development in Chennai.

Apart from IT/ITeS and financial services, Chennai’s economy is driven by the automotive, manufacturing and telecom sectors as well, since the city is home to a large number of automotive companies including Hyundai, Renault, Nissan Motors, Ashok Leyland, Daimler AG, Caterpillar Inc., Komatsu Limited, Ford, BMW, etc. and also shelters telecom giants like Nokia, Siemens, Motorola, Dell, etc. It is ranked 4th in hosting the maximum number of Fortune 500 companies of India.

A lot of job opportunities are being created by these companies and urban population is increasing. Since availability of land is scarce in city areas, suburbs are where the realtors are focusing upon. Astronomical prices of the city properties have made them out of reach for potential home buyers. As a result, more and more number of residential apartments are being launched in the suburban areas and investors as well as end users are going for these projects.

Over the next five years, around 21 million sq.ft of additional office space will be absorbed in Chennai with the southern parts accounting for more than 18 million sq.ft. It will guide the residential developments in these areas.
 

Challenges for realty growth in suburbs

However, Chennai still has miles to travel before it can boast of favored environment encouraging residential development in the suburban areas. The Metro rail project and mono rail projects in Chennai are welcome catalysts for realty growth as they will enhance the connectivity of outskirts with the city areas.

Community living as a concept is nascent in case of Chennai, when compared to its neighbor, Bangalore. Integrated townships are the answer to residential needs of the city and steps are being taken towards it. Compared to Chennai, residential supply has been more or less uniform in Bangalore localities. It is also due to the fact that Bangalore market is matured in comparison to Chennai.

The biggest challenge that lies ahead for Chennai realty is to develop the infrastructure in the suburbs. Most of Chennai suburbs still lack social infrastructure. Due to limited land availability; schools, malls, multiplexes, restaurants and supermarkets in suburbs are less in number as compared to other metros. In strategic localities like Oragadam and Sriperumbudur, civic facilities such as water supply, sewerage system or health and recreation facilities are yet to be developed. To be able to witness influx of townships, the civic amenities need to be developed.


Source: http://www.commonfloor.com/guide/suburbs-hold-key-to-chennais-real-estate-growth-22287.html