All about the magnificent homes in Chennai with amazing amenities from builders who have transformed the skyline of Chennai.
Showing posts with label 2bhk 3bhk houses. Show all posts
Showing posts with label 2bhk 3bhk houses. Show all posts
Friday, 19 July 2013
Saturday, 6 July 2013
Vijay Shanthi Boulevard : Truly class apart.
Bliss. Luxury. Happiness. Comfort. Elegance. All these can be encapsulated as
'Vijay Shanthi Boulevard'.
Presenting the 321 luxury apartments on OMR created to delight those who love elite living. Away from the chaos of the city, yet close to the modern facilities of urban life, these homes in Chennai is designed to delight you everyday.
'Vijay Shanthi Boulevard'.
Presenting the 321 luxury apartments on OMR created to delight those who love elite living. Away from the chaos of the city, yet close to the modern facilities of urban life, these homes in Chennai is designed to delight you everyday.
Friday, 21 June 2013
Monday, 11 February 2013
Policy Watch : EASEMENT RIGHTS
You
like a certain property and want to purchase it. But the only access to
it is via a driveway crossing the next property. Will a driveway have
an impact on your potential purchase? A cable television company is
seeking to install its lines along the existing electrical poles. Should
the company negotiate with the Electricity Board or with each of the
owners along whose property the lines run?
Nature, Creation and Scope
An Easement is a right given to an owner of a property to use an
adjacent property which he does not possess, but does not allow him to
occupy it. For instance, if X owns a property and grants Y a
right-of-way on the road across the property, Y has an Easement in X's
property. Y may use the road, but cannot stop others from also using it.
However, X could exclude everyone except Y from crossing his property.
Land burdened by an Easement is called a 'servient estate', and the land benefited by the Easement is called the 'dominant estate'. If an Easement benefits a particular piece of land, it is 'appurtenant' to the land. And, if an Easement benefits an individual not as an owner of a particular piece of land, then it is termed 'in gross'. Most Easements are affirmative, which means that they authorise use of another person's land. According to the Indian Easements Act, the inhabitants of a building enjoying the access and use of air and light continuously for over 20 years have a right to them without any condition or restriction. An Easement by virtue of custom is a legal right acquired by the power of law through continuous use of a land over a long period of time. Therefore, the right of way continues to exist by grant, prescription or by virtue of custom.
Easements are usually created by conveyance in a deed or other written documents such as a will or contract. The creation of an Easement requires the same formalities as the transfer or creation of other interests in land. The requirements are as follows: a written instrument, a signature and proper delivery of the document. In limited circumstances, the court will imply an Easement as a matter of law. Two common Easements created by an implication are an Easements of necessity and an Easement implied from a quasi-easement. An Easement of necessity is typically implied to provide access to a landlocked piece of property, whereas, an Easement implied from a quasi-easement is based on a landowner's prior utilisation of part of his property (quasi-servient estate) for the benefit of another portion of his land (quasi-dominant estate). This quasi-easement may become an implied one once either the quasi-servient land or the quasi-dominant land is transferred to a third party. Other methods of establishing Easements include prescriptive use (i.e. by the routine, adverse use of another person's land), estoppels (a legal doctrine involving reliance on the words or actions of another person), custom, public trust, and condemnation.
After an Easement is created, questions often arise concerning its location, dimensions and scope. These questions should be resolved on a case-by-case basis, and are impacted by the method of the Easement's creation. Questions involving matters covered by the written document, or the prior use, or the necessity that created the Easement can be resolved relatively easily. However, the written documents to create an Easement are often vague or incomplete, and inferences from prior use or necessity are not precise. In such a case, the applier's intent is uncertain, and must be construed by the court.
As a rule, an Easement holder has the right to do "whatever is reasonably convenient or necessary in order to enjoy fully the purpose for which the Easement is granted" as long as he does not unduly burden the servient land.
Conversely, the owner of the servient land may also make use of that land that does not unduly interfere with the Easement holder's right. What constitutes an undue burden depends upon each situation. For instance, an increase in traffic over an Easement giving access to a beach resort may not necessarily constitute an undue burden, but traffic resulting from changing a dominant estate from private use to a commercial business might constitute an additional burden on the servient estate.
The reasonable use of an Easement is not fixed and may include a consideration of changes in the surrounding area with technological developments. However, if the court determines that the servient estate is unduly burdened by the unreasonable use of an Easement, the servient estate holder has several remedies. These include injunctions to restrict the dominant owner to an appropriate enjoyment of the Easement, monetary damages when the Easement holder exceeds the scope of his rights injuring the servient estate, and in some instances, 'extinguishment' of the Easement. Likewise, there are remedies for interference by the servient owner. Interference with an Easement is a form of trespass, and the court frequently enjoins the obstruction of an Easement and may order the removal of encroaching structures at the servient owner's expense. If the interference with an Easement causes diminution in the value of the dominant estate, the court may also award compensatory damages to the Easement holder.
Land burdened by an Easement is called a 'servient estate', and the land benefited by the Easement is called the 'dominant estate'. If an Easement benefits a particular piece of land, it is 'appurtenant' to the land. And, if an Easement benefits an individual not as an owner of a particular piece of land, then it is termed 'in gross'. Most Easements are affirmative, which means that they authorise use of another person's land. According to the Indian Easements Act, the inhabitants of a building enjoying the access and use of air and light continuously for over 20 years have a right to them without any condition or restriction. An Easement by virtue of custom is a legal right acquired by the power of law through continuous use of a land over a long period of time. Therefore, the right of way continues to exist by grant, prescription or by virtue of custom.
Easements are usually created by conveyance in a deed or other written documents such as a will or contract. The creation of an Easement requires the same formalities as the transfer or creation of other interests in land. The requirements are as follows: a written instrument, a signature and proper delivery of the document. In limited circumstances, the court will imply an Easement as a matter of law. Two common Easements created by an implication are an Easements of necessity and an Easement implied from a quasi-easement. An Easement of necessity is typically implied to provide access to a landlocked piece of property, whereas, an Easement implied from a quasi-easement is based on a landowner's prior utilisation of part of his property (quasi-servient estate) for the benefit of another portion of his land (quasi-dominant estate). This quasi-easement may become an implied one once either the quasi-servient land or the quasi-dominant land is transferred to a third party. Other methods of establishing Easements include prescriptive use (i.e. by the routine, adverse use of another person's land), estoppels (a legal doctrine involving reliance on the words or actions of another person), custom, public trust, and condemnation.
After an Easement is created, questions often arise concerning its location, dimensions and scope. These questions should be resolved on a case-by-case basis, and are impacted by the method of the Easement's creation. Questions involving matters covered by the written document, or the prior use, or the necessity that created the Easement can be resolved relatively easily. However, the written documents to create an Easement are often vague or incomplete, and inferences from prior use or necessity are not precise. In such a case, the applier's intent is uncertain, and must be construed by the court.
As a rule, an Easement holder has the right to do "whatever is reasonably convenient or necessary in order to enjoy fully the purpose for which the Easement is granted" as long as he does not unduly burden the servient land.
Conversely, the owner of the servient land may also make use of that land that does not unduly interfere with the Easement holder's right. What constitutes an undue burden depends upon each situation. For instance, an increase in traffic over an Easement giving access to a beach resort may not necessarily constitute an undue burden, but traffic resulting from changing a dominant estate from private use to a commercial business might constitute an additional burden on the servient estate.
The reasonable use of an Easement is not fixed and may include a consideration of changes in the surrounding area with technological developments. However, if the court determines that the servient estate is unduly burdened by the unreasonable use of an Easement, the servient estate holder has several remedies. These include injunctions to restrict the dominant owner to an appropriate enjoyment of the Easement, monetary damages when the Easement holder exceeds the scope of his rights injuring the servient estate, and in some instances, 'extinguishment' of the Easement. Likewise, there are remedies for interference by the servient owner. Interference with an Easement is a form of trespass, and the court frequently enjoins the obstruction of an Easement and may order the removal of encroaching structures at the servient owner's expense. If the interference with an Easement causes diminution in the value of the dominant estate, the court may also award compensatory damages to the Easement holder.
Transferability and Termination of Easements
The transferability of an Easement must also be considered when
undertaking a real estate transaction. An Easement's transferability
depends upon its nature (i.e. whether it is appurtenant or in gross). In
general, an Easement appurtenant is transferred with the dominant
property even if this is not mentioned in the transferring document.
But, the document transferring the dominant estate may express that the
Easement shall not pass with the land. Because non-commercial Easements
in gross are treated as a right of personal enjoyment for the original
holder, they are generally not transferable.
An individual granting an Easement should avoid any legal problem by
expressing that the easement is permanent and utilising appropriate
words of inheritance. Although permanent Easements are the norm, they
can be terminated in numerous ways. For instance, an Easement may be
created for a limited or conditional duration. Easements of a limited
duration are commonly used to provide temporary access to a dominant
estate. An Easement may also be terminated when an individual owning the
dominant estate purchases the servient estate, or when the holder of
the Easement releases his right to the owner of the servient estate.
This release must be given in writing. Abandonment of an Easement can
also extinguish it, but as a general rule, the non-use of an Easement
does not constitute its abandonment. The misuse or the sale of a
servient estate can also terminate an Easement.
Source : http://www.chennairealty.biz/legal_tax.php
Property values rise in Perumbakkam, Chennai
With the IT sector growing across Old Mahabalipuram
Road (OMR), real estate market of Perumbakkam, a suburb in south
Chennai, is benefiting on account of its location. Being 2 km away from
OMR, it is almost equidistant from all prime IT hubs such as Velacherry
and Sholinganallur and the commercial Thoraipakkam. As per
MagicBricks.com data, the locality has witnessed a whopping 21 per cent
rise in property prices in the Oct-Dec, 2012 quarter.
Perumbakkam
is well connected through OMR, Tamabaram-Velacharry Road and
Medavakkam-Sholinganallur Road. Its strategic location has been a major
reason for a steady demand and capital appreciation in this area. Perumbakkam enjoys good connectivity with important roads and is close
to the upcoming ELCOT SEZs. Therefore, one can expect a good increase in
values in five years.
Apart
from the location advantage, another factor adding to the price rise is
the Government’s policy of premium FSI which came in 2010. The policy
gave the builders a scope to make larger homes, due to which the prices
have risen from Rs 2800 per sq ft in 2010 to Rs 5,000 per sq ft in
2012.
The locality is
primarily driven by end-users accounting to almost 60 per cent of the
total buyers. Thus, in accordance to the demand, majorly 2 and 3 BHKs of
sizes ranging from 900-1,500 sq ft are offered in Perumbakkam. The
average prices of these range from Rs 3,800-5,000 per sq ft.
Owing to this, the
rental market too has witnessed an escalation of 8 per cent in the last 6
months. The rental values range between Rs 15-18 per sq ft. Thus, with its outstanding
connectivity, proximity to commercial locations and social
infrastructure, Perumbakkam seems to be good for all buyers. While there
is comfort for end-users, investors can hope for large appreciations in
the coming years.
Source : Shradha Goyal, MagicBricks.com Bureau
Friday, 1 February 2013
Fabulous interiors for your dream home.
Was that
coffee table in your friend's house in Chennai, awesome enough to catch your
attention? Or was it his simple and stylish couch in the living, you loved to
own? The contemporary art touch in his home made you feel jealous? Want to make
your apartment in Chennai look elegant, yet with a contemporary touch? From
Chennai's own builder, Malles Constructions, here are some interesting interior
styles for the art lover in you.
Over centuries
styles have evolved with the taste of generations. Every style has benefits to
the people who will enjoy the home for many years to come. Each of the
following designs showcases character and taste specific to an era.
Shabby Chic
The all-white interior walls, floors, and ceilings highlighted with antiques
furniture, this gives your home a British look. Soft pastels bring focus and
offer a more feminine feel to the design.
| The British look with Shabby Chic style |
An eclectic finish is created through a trendy approach called maximalism, which means to make the most of a small space. What may appear to be a medley of color is actually a collection of interesting objects arranged for maximum visual appeal. Vibrant colors are used to create focal points throughout the room that plead the visitor to examine each piece more closely.
| Get the Swedish Style with a maximal approach |
Contemporary
Featuring solid colors with contrasting properties against a blank slate of walls and floor, this is the sleek one for your metropolitan home in Chennai. Furniture has sleek, straight lines with sharp corners. Few accent pieces are used, which leaves a clean and open look for visual appeal.
Featuring solid colors with contrasting properties against a blank slate of walls and floor, this is the sleek one for your metropolitan home in Chennai. Furniture has sleek, straight lines with sharp corners. Few accent pieces are used, which leaves a clean and open look for visual appeal.
| The sharp, clean, contemporary look |
Classic contemporary
Contrasting the softer colors and highlighting the
art on the walls as the visual emphasis, this style is considered the elegant
among the contemporary styles. The rounded
furniture lines offer an appealing and warm setting that draws the attention of
the guest in your home. Colors are complementary instead of contrasting to draw
the entire room into focus without an abrupt focus on one element.
Funky
New York
Traditional
Ecletic
| The simple and elegant style |
Funky
Over-sized, comfortable chairs set against the blunt
lines of tables with metal legs. Invite your friends to enjoy the style and
sit for a spell. Every element is clean and visibly interesting. Colors are in
the chairs while the rest of the room creates a palette to be accented for
visual interest.
| The clean and trendy Funky style |
Wide open
rooms are accented with neutral paint colors accented by contrasting furniture.
Edges of the room are lined with furniture that allows for easy traffic flow
through the main corridors. Eye-catching accents are used as light fixtures,
and storage is hidden in beautiful pieces of furniture made of intriguing
materials.
| The eye-catching New York style. |
Traditional
A formal
home setting is the most appropriate choice for this style. Choices between
many time periods create a sense of timeless tradition in a home that is
decorated in the traditional sense. Colors include the jewel tones in
coordinating hues. Silks, brocades and satin are the prevalent fabrics used in
this style of decorating.
| The traditional style |
Ecletic
As the term
conveys, the Eclectic decorating style is varied and can develop into a room
that resembles any number of the other decorating styles. Colors are strictly
up to the taste of the person who will live with the interior decor. Most
people who choose this style do so because they enjoy certain aspects of all
the other styles.
| The Ecletic |
·
| The Interior Garden style |
Tuscan
Originating in
Italy, the Tuscan style was developed by the tradesmen and farmers that lived
throughout Italy’s countryside. As Italians came to this country, their
decorating style took hold. Colors include natural hues accented with rich reds
and ochers found in the landscape. Muted tones blend the walls, floors, and
furniture into a soothing setting that welcomes everyone.
| The Italian interior with Tuscan style |
Asian
Use of space
is central to decorating in the Asian style. Leaving the middle of the room
open is essential to convey the openness of heart valued in the Asian cultures
of the world. Colors are close to nature and bright Colors are used in focal
points around each room.
| The typical Asian style |
Image courtesy: http://www.designer-daily.com/11-beautiful-home-interior-design-styles-13157
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