The trend for Chennai’s property market with specific reference to OMR looks promising.
Residential, commercial and retail property construction is on the upswing. The coming years will see malls, retail outlets, super markets, food courts, restaurants, multiplexes and everything else you need to live a full life. OMR is becoming a self contained city – the NEW city.
MARG JUNCTION that is nearing completion will bear testimony to a world class mall on OMR. The one million plus sq.ft mall will be a cocktail of sorts. The mall encompasses twin tower office, 4 star hotel, shopping, dining, leisure, entertainment all under one roof. On the residential front, MARG Savithanjali near Kelambakkam brings you great choices to suit your budget. Easy access to offices, schools, colleges and leisure points makes life simple for you.
The ‘peripheral business district’ is no longer peripheral. Great connectivity, state of the art offices and houses, good infrastructure OMR has arrived in style. The inauguration of Kalaignar Thirai Oor has further accelerated growth along the OMR stretch up to Payanur.
According to a recent survey conducted by MARG ProperTies the number of IT/ITES jobs is likely to increase to almost 3 lakhs within the next two years. With an increase in population density, demand for good homes, entertainment and general social infrastructure is bound to rise.
The 8th Construction World Annual Awards were announced recently. Treated as the Oscar of Construction Industry, its one prestigious award for construction companies
If you’ve missed the function, it will be telecast this weekend on UTV Bloomberg Channel. Do watch it, either on Saturday, 13th November or Sunday the 14th.
MARG Limited, one of India’s fastest growing EPC and leading Infrastructure development companies, has emerged as the ‘Second Fastest Growing Construction Company’ as per the Construction World Annual 2010 study. MARG established in 1994 and headquartered in Chennai is promoted by Mr. G.R.K. Reddy; a first generation entrepreneur with over two decades of hands on experience in Financial and Infrastructure related businesses.
MARG took the privilege of been recognized at an elaborate event on 19th October at Hotel Taj Lands End in Bandra in the presence of Industry Icons, Financial and banking professionals, bureaucrats and technocrats. Hon’ble Governor of Maharashtra, Mr. K. Sankaranarayanan honored Mr. GRK Reddy, Chairman & Managing Director, MARG Group and conferred with award and recognition at the 8th Construction World Annual Awards 2010. RC Sinha, MD, MADC, was the Guest of Honour.
The awards are given across broad categories of Construction companies / contractors, Construction equipment manufacturers, Building material manufacturers and most admired companies. A total of 35 awards was given
Mr. GRK Reddy speech said, “This recognition reaffirms our faith in the pioneering spirit that inspires us to create world-class infrastructure projects. I am also proud of our employees and associates who made it possible for us to win this award. Be it ports, airports, SEZs, IT Parks, malls or residential projects, we are striving to build better places to work and live. At MARG, we strongly believe that growth needs to be Inclusive and all our projects are aimed towards making this dream a reality. We want to be the catalyst of change in bringing about real estate and infrastructure democracy for the nation.”
Construction World is India’s No.1 magazine for Construction Sector since last thirteen years. In the midst of its publication services ‘Construction World’ is the only publication that has been conducting the process of ranking and awarding industry participants for the past seven years, thereby fulfilling its mission to raise the standards of excellence in the industry. Construction World Annual Awards is the flagship event under the CW umbrella. It is the most prestigious set of awards which recognizes and facilitates the achievers in the Construction and Allied Industry. Held every year since its inception in 2003 it is the first set of awards for this industry and most widely accepted by the construction fraternity. The awards muster 400 top professionals and business owners from the industry to be audience to the felicitation of the industry leaders. MARG’s selection through a mathematical model drawn up by Construction World is a prestigious accomplishment. The winners that emerge from this mathematical model are then vetted by a panel of industry experts.
Residential property prices may rise by 10 per cent
Residential property prices are likely to rise by up to 10 per cent in the next six months as demand has picked up. The country has seen and upswing in demand for both affordable and the premium housing segments. To read the full article click here.
15 per cent drop in real estate prices
Chennai real estate is now on a downward slide. Market studies have shown that prices of land, apartments and particularly that of IT buildings, have come down by about 15 per cent confirmed by Builders and promoters. To read the full article click here.
Real estate players feel stimulus packages must continue
The real estate sector is at crossroads. On a revival path after it went through tough times owing to economic slowdown in the country, the revival, though, is mainly on account of stimulus packages given by government to the economy. To read the full article click here.
Realty prices may inch up on demand pick-up
Home prices may remain firm or inch up slightly in metros such as Delhi and Mumbai and their suburbs despite an expected rise in interest rates as demand picks up once again on the back of renewed activity on the employment front, says the bankers and realty players. To read the full article click here.
End the waiting, real estate developers tell consumers
The global economic slowdown began to make itself felt in the Indian housing market, prices and off take have both fallen by at least 35 per cent. To read the full article click here.
Realty cos eye infrastructure push, easier taxes
India’s realty firms, recovering from a slump that saw prices drop 25-30 percent, hope tax sops are extended to boost construction of affordable homes, but eye more benefits from an anticipated push to infrastructure and easier income tax regime, players and analysts said. To read the full article click here.
