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Property Rates In Chennai
Posted by banu I 28 June, 2010 archives 

Chennai has a diversified economic base. The main industries are software services, hardware manufacturing, automobile and financial services. Chennai has become known as the top candidate for ‘Location Ranking Survey’ among the other three Indian metros- Delhi, Mumbai and Kolkata. Chennai is experiencing a major real estate boom. The primary cause of this is the rapid development of the Information Technology in the city.

The prospective property buyer in Chennai is highly fragmented; the majority works in the I.T sector followed by Financial Services. There is also another segment- the NRI’s or the Non Resident Indians who usually buys high value ‘elite’ properties in Chennai.

Land prices in Chennai have showed an upward trend in the last few years; this has led to an active demand for flats or apartments. For the well heeled there is the choice of purchasing independent houses like villas and semi detached cottages. These high value properties usually come with other ‘frills’ like swimming pools, gymnasium and exclusive club memberships. The unique feature of such properties is that they are usually located on the I.T corridor (old Mahabalipuram Road) – making the daily commuting of residents easier to the office. This comprehensive chart is specially designed to keep you in the best knowledge of areas and their ongoing property trends which will help you in finding your dream home right away.

CAPITAL VALUE
Locality Apartment (Rs/sq ft) Plot (Rs/Ground*)
Oct-Dec’09 (%) May’10 Oct-Dec’09 (%) May’10
North (1) 2 5100-5500 -17 66 Lakh – 75 Lakh
West (10) -36 to 10 3200-10000 -22 to 7 40 Lakh - 1.1 Cr
South (12) -20 to 14 3000-15000 -17 to 17 30 Lakh – 2.4 Cr
Central (3) -17 to 25 5500-8500 -25 to -17 2 Cr - 2.65 Cr
IT Corridor(8) 15 to 28 2500-5000 4 to 11 25 Lakh – 1.1 Cr
Others (18) -25 to 18 3000-25000 -25 to 17 40 Lakh - 5.5 Cr
RENTAL VALUE
Locality Apartment 2 BHK (Rs/month)
Oct-Dec’09 (%) May’10
North (1) 0 12500-15000
West (10) -40 to 13 6500-21000
South (12) -7 to 11 7500-20000
Central (3) 0 18000-25000
IT Corridor(8) -8 to 25 7000-15000
Others (18) -38 to 19 7500-75000
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Stalin Promises Nonstop water supply for OMR
Posted by Margproperties I 13 May, 2010 archives 5

Here’s another reason why one should seriously consider investing on OMR… Water crisis on Old Mahabalipuram road is soon to end…

CHENNAI: The water-starved IT corridor, also known as Rajiv Gandhi Salai or the Old Mahabalipuram Road, will get continuous water supply before December 2010, deputy chief minister M K Stalin assured on recently..

On completion of the ongoing infrastructure work, at least 20 million litres of water would be guaranteed each day to consumers located between Madya Kailash and Siruseri, Stalin said while moving the demand for grants for municipal administration and water supply department in the state Assembly.

Read complete news

Marg has several exciting projects lined up along OMR, such as Pushpadruma, Savithanjali, Marg Junction (river side mall) and so on… Its right time to make your purchase decision… what are you waiting for?

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Pushpadruma Construction Site-Safety First
Posted by Margproperties I 11 May, 2010 archives 7

Marg gives utmost importance to safety of workers working at its constructions sites. If you visit any of our construction sites, MARG Pushpadruma on OMR for example, you’ll get to experience it first hand.

Safety is not just about wearing a helmet. All parts of your body needs to be protected. Refer to the image below:
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Protection is needed for head, face, nose (respiratory), hands and legs.

Other than personal safety, it is also important to practice safety in every activity. For example, sleeping under a truck might seem to a nice option to escape from hot sun, but this can prove fatal in case driver of the truck fails to notice someone sleeping underneath his vehicle…
IMG_1023

Visitor’s safety…
While construction workers at the site are routinely briefed about the safety practices, it is equally important to train visitors (such as prospective customers visiting the site to check out the apartments). Visitors should be extra careful not to step on something important or stand in certain areas which might be dangerous. Visitors should always be escorted by a trained staff.
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Marg Pushpadruma is one of the few premium upscale apartments in OMR. To know more, check out http://www.margproperties.com/pushpadruma.php

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Savithanjali Launch-Make the most of Early Bird Offer!
Posted by Shrinidhi Hande I 24 April, 2010 archives 

Day 1 of Savithanjali launch has been a great success. The Day started with Bhoomi Puja where we sought blessings of the god for this ambitious project. Senior Marg officials, including CEO S Ramakrishnan and others were present during the occasion. We got great number of people turning out to check out the project and several inquiries and bookings.

Savithanjali offers premium upscale apartments ranging from 35-55 lakhs and what’s on offer is the modern tech savy houses that make your living a pleasure. Mood lighting, central console, remote cctv monitoring, video door phone, access control are just some of the features. Sensor controlled lights and exhausts, centralized monitoring for utilities and several other innovative measures ensure reduced consumption of resources and in turn save money.

Omr road - eye level6

The show will be open tomorrow as well, please do take time to visit our project site, check out the model apartments. Savithanjali is located near SSN College, next to Kelambakkam Junction, OMR.

An early bird offer of Rs 2799 is being offered to those who’re booking their apartments today and tomorrow. If you’re still hesitating, its time to act now.

Here are some photos and videos of the Model Apartment. For complete project details, check this post

Below is the payment plan.
DSC05233

An early morning photo of the venue…
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Kids play area, so that your kids can have a nice time, while you spend quality time inside checking the model apartment and discuss with our representatives helping you in your decision to buy your dream home.
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For full set of blog posts related to Savithanjali, click here

Do take time to visit our site tomorrow and make the most of it. We’re sure you’ll not regret it.

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Marg Savithanjali Project-location, address, map
Posted by Margproperties I 23 April, 2010 archives 2

Savithanjali Project is located on Old Mahabalipuram Road, near SSN College, next to Kelambakkam Junction.
location_map

Here’s the location on Google Maps…

View Larger Map

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