Chennai Real Estate - Suburban Real Estate Leads
Chennai is experiencing frantic developments on the real estate front. While the Central Business District (CBD) witnesses short fall in availability of commercial office space, the city is expanding to the sub-urban and peripheral areas to feed the demand. The continuing interest from IT/ITeS sectors and corporate resulted in sub urban real estate development to ensure quality space in market.
Sub urban areas of Chennai has registered significant real estate development in past few years viz. completion of TIDEL Park, the old Mahabalipuram Road being designated as the IT corridor and establishment of campuses by the corporate majors such as TCS , Polaris, American Mega Trends, CTS and Xansa.
TIDEL Park is the largest Software Technology Park in India leasing more than 1,30,000 sq. ft of area in Standard Towers, Velacherry, Scientific Atlanta, Intelenet, HCL, FCI Technologies, Revit Systems and Karur Vysys Bank.
Large number of townships and condominium projects will be coming to the sub urban areas to create a new city with all the amenities and facilities for the residents.
Property consultants in Chennai expect that in the coming years most of the people would like to reside in sub urban areas and the demand for residential properties will increase by 30 per cent.
The capital and rental values are moving up and down with these developments and real estate sector has grown by 10-20 per cent in last quarter. This will further increase in coming years with the completion of upcoming railway project, said Kumar Ravi from Kumar enterprise.
New Development
Suburban railway projects have received substantial allocation in the railway budget 2008. For the extension of the Mass Rapid Transit System from Velachery to St. Thomas Mount, Rs. 20 crore have been sanctioned.
Another allocation of Rs.1 crore each has been made for a new line from Chennai to Cuddalore via Mamallapuram and from Atipattu to Puttur.
For more details on Chennai Properties, log on to magicbricks.
George Gonigal provides you the best and latest information on India Properties , if you want to Hyderabad Properties He suggests you log on to magicbricks.
Source: http://ezinearticles.com/
Added: March 19, 2008
Real key to viable hybrid is in its battery, says Ford - The Age
Chelsea to sign Real Madrid's Robinho in next 48 hours, says Peter ... - Telegraph.co.uk
Telegraph.co.uk Chelsea to sign Real Madrid's Robinho in next 48 hours, says Peter ... Telegraph.co.uk, United Kingdom - By Jeremy Wilson and Mike Norrish Chelsea bound: Real Madrid's disaffected Brazilian striker Robinho Photo: AP After weeks of negotiations, agreement was ... Chelsea poised to sign Robinho for 26m after Real green light Reports: Chelsea set to sign Robinho from Real Madrid Chelsea expect to complete Robinho deal within 48 hours -