On May 3, 2013 Banyan Tree Events will present an amazing international line-up of PRASANNA (guitar), FARAH SIRAJ (vocals), RAKESH CHAURASIA (flute), JAKE HERTZOG (guitar), DARIO BOENTE (keyboards), ANDRES ROTMISTROVSKY (bass), JOVOL BELL (drums), SHYAM RAO (drums) and S. KARTHICK (ghatam) in a grand concert at the amphitheater of the magnificent Moghul monument of Taramati Baradari in Hyderabad.

The special concert aims to raise funds for Swarnabhoomi Academy of Music (SAM) for its developmental initiatives. Thank you for supporting the wonderful musicians and SAM.

For Ticket Bookings : Swarnabhoomi Academy Of Music

Visit :Swarnabhoomi Academy Of Music

To keep you with your kids’ shifting tastes can be a tiring and daunting task, not to mention expensive. Right from your baby’s first nursery to your teenager’s bedroom, decorating it is tricky to get that right look. Here is what our expert has to say:

Which colours should I choose for my 5 year old son’s room?

When it comes to painting a room, it is advisable to choose neutral colours. The reason for this is simple: you can add bright artwork against a subtle back ground.

My kid wants her favourite cartoon painted on the wall. Please suggest what to do?

A kid likes and dislikes change very often. My son was little when I did his room with is favourite Spiderman and not even a year has passed that he has started to ask for a change. Ben 10 has replaced Spiderman. So, now you get what I want to say.
It is always better to have your kid’s favourite cartoon on easily changeable accents such as bedding or wall art. Also, you could go for removable wall papers.

How do I keep my kids toys tidy and also ensure that they are within his reach?

You may use go for stylish play bins with and without wheels, plastic crates or you could even use low shelves for keeping your kid’s toys.

What kind of furniture should I go for my 4 year daughter’s room?

You may go for furniture that doubles up as storage space. This would help you keep your kid’s room uncluttered and at the same time would help you store his/her goodies properly. You may buy a bed that has drawers on the base or benches that have storage space. However, you need to make sure that all the storage places are at a height that your child can reach.

Source: MagicBricks.com Bureau

Visit:http://sam.org.in/

The real estate market in India has undergone many changes since decades. Earlier gold and stock were the main investment options for people but now investing in real estate has caught people’s fancy. Unlike other investments, real estate generates good returns over time, making the demand for housing heading north. Below is the list of some major cities which have emerged as promising locations for investment.

1) Hyderabad:

The city of Pearls, Hyderabad has been one of the major hubs for IT/ITeS industry, and has observed massive growth in this sector over the past decade. The city is witnessing demand for housing mainly because of the new GO 245 which is a relaxation of binding EWS/LIG housing norms and the proposed Hyderabad metro rail projects.

According to a study conducted by Knight Frank, the realty market of Hyderabad has become the most affordable one when compared to other metros and this current scenario is due to the launch of affordable housing projects which has grown rapidly after the economic slowdown in 2008, reports Times of India.

2) Ahmedabad:

Ahmedabad, one of India’s fastest growing cities is now probing to be an ideal city for real estate investments due to good infrastructure and high- income individuals. The city has got huge potential due to strong economy, developers and investors are on the wheels to park their excess funds in the real estate sector. In fact, good infrastructures are motivating the developers to launch new residential projects in Ahmedabad. For example, most of the developers have launched their residential projects in the city after the development on SG Highway.

3) Chennai:

Chennai, the fourth populous metropolis is one of the hottest real estate destinations in India. The major growth in Chennai’s real estate is because of IT, ITES, manufacturing and SEZs. Maximum number of IT companies and industries are located in the suburb area of Chennai and so developers are constructing large townships in places like ECR, OMR and Sriperambadur where buyers have shown positive reaction in buying the property.

4) Pune:

IT/ITeS companies and luxury housing are driving the growth of Pune real estate market. Pune has become one favorable real estate destination in India as increasing number of residential projects are coming up. Developers are launching new residential projects under luxury and super-luxury category in Pune, making the demand for housing in upward direction.

5) Kochi:

Kochi, the commercial hub of Kerala is one of the best places that offer hot realty deals. The realty market has boost up because of growing information technology and related services.  Commercial properties are in huge demand with the increase of hotels, retail outlets and the growth in IT services that leads to the demand for office spaces. Kochi’s real estate market is mainly dominated by non-resident Indians (NRIs), said Nangpal of DTZ.

6) Jaipur:

Jaipur, the pink city, has also emerged as one of the good real estate investment destination. This city is not far behind when it comes to property investments. The city hosts some of the best planned and balanced real estate developments surpassing other Indian cities in residential, commercial and retail segment, according to ET Bureau.

Also, the city offers plenty options of land availability on the outskirts to address the limited land availability issues within city limits. Moreover, close proximity to infrastructure and easy connectivity to the adjacent towns of Rajasthan has made Jaipur one of the favorable real estate destinations in India.

 
7) Lucknow:

The booming real estate sector of Lucknow is due to the growing infrastructure and planned development. The city’s infrastructure development is not only restricted to the city limits and outskirts, but also showing growth along the Highways that connects Lucknow to other destinations. Areas that have seen the maximum infrastructure development are Gomti Nagar, Mahanagar, Janakipuram and Indiranagar.

8) Faridabad:

Faridabad has been witnessing development both in physical and social infrastructure. With the emergence of metro link, the city is now gearing up to become another real estate hotspot. Faridabad’s proximity to Delhi and Gurgaon, improving connectivity by upcoming metro and prevailing lower values is attracting working professionals for long term investment as well as for buying a house.

 
9) Patna:

Patna’s real estate sector is witnessing healthy growth over the past few years as developers both emerging and existing are launching their residential projects in Patna. And, such kind of residential launches are mainly under luxury and super luxury category. Even in some parts of Patna, the apartment valuations have touched the sky, which is far beyond the reach for middle income groups and such areas are Nageshwar colony and SK Puri.

10) Bangalore:

Unlike other metros like Mumbai and Delhi, Bangalore’s realty market offers variety of property options to fulfill buyer’s requirement. The vibrant nature of Bangalore’s real estate market and the stable property prices make the city one of the leading real estate markets in India. The city’s real estate sector experienced stable market situation even during the economic crises that occurred in 2009. The city has huge potential considering the economy and infrastructure as it is an IT hub and hence investors are capable enough to make high investment on property, which has transformed Bangalore into robust real estate market of the country.

 
11) Delhi:

Delhi is another top property destination in India, when it comes to real estate. The capital city is renowned for business, politics and fast growing infrastructure, which are driving the real estate growth in residential and commercial segment.

12) Kolkata:

The capital city of West Bengal, Kolkata is witnessing healthy real estate movement. The demand for housing and commercial property is increasing at a faster pace with the emergence of multinational companies, especially information technology (IT) firms. Besides, Kolkata has emerged as an ideal place for real estate investment because of good infrastructure, land prices and the government’s initiative to future developments.

13) Mumbai:

The financial capital is one among the largest traditional real estate market in India. The city promises major infrastructure growth and development which has led to the real estate development in residential and commercial segment. Moreover, the city is witnessing residential and commercial growth in suburban areas expanding the city limits. Mumbai city is also one favorite hotspot for foreign nationals as well as for buyers who seek luxury properties.

14) Bhubaneswar:

Bhubaneswar is the capital and most important city in the state of Orissa. The city is slowly emerging as a preferred destination for real estate you could watch out for. It is believed that the initiative measures taken by state government and the strategic importance of Cuttack in the economy of Orissa, is driving the real estate demand in the city. Also, educational institutions and IT industries are setting up their base in the city, making the city one of the real estate hotspot.

15) Guwahati:

Known as the fastest developing cities in India, Guwahati is a major city in Eastern India. The city is often referred as “gateway” of North Eastern Region of the country. With the developing infrastructure, the city is gaining momentum in real estate sector as well.

Source:siliconindia

Visit :http://sam.org.in

A suburban locality of Chennai, Sholinganallur, has witnessed a rapid growth due to the developing IT corridor. Located in the Southern zone of the city, the real estate market here has witnessed a boom both in the residential as well as the commercial sphere. The developing IT business parks and the Special Economic Zones (SEZs) have fueled growth not only in Sholinganallur but also the neighbouring suburbs such as Perungudi, Taramani and Siruseri.

The residential offerings in Sholinganallur include multi-storey apartments, single floor apartments, residential house and villas. Residential plots are also available to consumers who plan to invest in the locality. The value of these residential properties is within Rs 35 lakh to over Rs 1 crore. The commercial property market consists of commercial office space, commercial land and industrial land. The value of commercial properties is within Rs 9 crore to Rs 60 crore. Madhu S, Owner of a commercial space in Sholinganallur says “Sholinganallur is an upcoming locality in Chennai, placed along the OMR Highway, which is the home to technology companies. The increasing monetary appreciation of land, residential and commercial holdings due to its location advantage has benefitted us tremendously.”

The social and civic infrastructure of Sholinganallur is well developed. Schools, colleges, hospitals and hotels are present in abundance. It is well connected by the OMR Road and the East Coast road to other parts of the city. Metropolitan Transport Corporation (Chennai) Ltd buses and autorickshaws are modes of public transport for the residents. Velachery MRTS Railway Station is the nearest railway station.

The major demand drivers in this locality are its close proximity to the IT hubs and availability of apartments in the economically weaker section (EWS) category as mandated by the Chennai Metropolitan Development Authority (CMDA).

Sholinganallur is an important locality of south Chennai. The demand for both residential and commercial properties has risen significantly in the last couple of years. Several factors such as easy connectivity, employment opportunities and close proximity to holiday destinations such as ECR beach have attributed towards its growth in demand.

MARG Institute of Design and Architecture Swarnabhoomi (MIDAS). A unique institution for architecture education, which focuses on industry led academia. MIDAS is an institution which encourages innovation in learning and provides a platform for experiential education.

Situated on scenic ECR, midway between Chennai & Puducherry, MIDAS is a stone’s throw away from, historical landmarks such as Mahabalipuram, exotic destinations like Pondicherry and right next to the home of splendid silks called Kanchipuram.

Campus Facilities

MIDAS is part of the entire 1000 acre ecosystem called MARG Swarnabhoomi.

What sets MIDAS apart is that unlike most universities it does not isolate the student from society as Marg Swarnabhoomi is a large community which has schools, businesses and living spaces, comfortably co existing. This synergy ensures that the student does not feel isolated from home nor do they miss the bustling life they could leave behind in their own cities when they opt for residential study here.

MIDAS has an exclusive built up area of 43,000 sq ft which houses a well equipped library, a futuristic studio, large spacious classrooms plus audio and video learning support. The campus also has wi- fi access anywhere in the campus, walk to school hostel facilities, swimming pool, play areas and health care gyms.

MIDAS canteen

MIDAS class room

MIDAS Display hall

MIDAS hostel

MIDAS hostel swimmingpool

MARG Institute of Design and Architecture Swarnabhoomi (MIDAS) at MARG Swarnabhoomi

Campus Location :

http://www.midas.ac.in/campus-location.php

Courses

MIDAS offers

• B.Arch – 5 year Bachelor Degree Program

  Semester 1
  Theory – Math, History of Architecture &Culture 1 , Building Materials 1, Environmental Science
  Theory Cum Studio – Art Studio, Architectural Drawing 1
  Studio – Basic Design
  Semester 2
  Theory – Mechanics of Structures 1, History of Architecture and Culture 2, Bulding Materials 2
  Theory Cum Studio – Building Construction 1, Theory of Architecture, Architectural Drawing 2
  Studio – Architectural Design 1

   

Program is affiliated to Anna University of Technology, Chennai, and have been approved by the Council of Architecture, India.

Admission

Admission Procedure

How to Apply:

In Person: Application Form and Prospectus can be collected from the MIDAS Administrative Office on payment of cash or a Demand Draft for Rs. 1000/-.

By Post: Application Form and Prospectus can be obtained by post by sending a Demand Draft for 1050/-

By Online: Application Form and Prospectus can also be downloaded from the website (www.midas.ac.in) and submitted along with a Demand Draft for 1050/-

The Demand Draft should be in favour of “MARG Institute of Design and Architecture Swarnabhoomi” payable at Chennai.

Submission of Application:

The Application Form duly filled and signed (by the applicant and the parent) should be posted or couriered to

Along with attested photocopies of documents mentioned in the checklist (Refer Page 4 of the Application Form).

Admission for B. Arch in Architecture is based on written test conducted by NATA followed by an interview by MIDAS.

Admission for B. Arch is open to all Indians (provided the applicant fulfills the minimum requirements for admission as per Council of Architecture and Anna University norms)

Students under SC/ST/OBC/PwD (Person with Disability) quota are eligible for Government Scholarship. Eligible Students are requested to submit their scholarship form for the academic year by February for processing scholarship to these students

The individual should apply for counseling through Anna University for university seat allocation.

Eligibility

• Students who have completed Plus Two with Maths as a component can apply for
• 3 year Government recognised Diploma with 50% aggregate with Math as a compulsory subject.

or

• International Baccalaureate Diploma, after 10 years of schooling, with not less than 50% marks in aggregate with Maths as a compulsory subject.
• Pass in National Aptitude Test in Architecture (NATA) with a minimum of 80/200

NATA Test Requirements

Batch 2012 – Orientation :

History of Architecture workshop :

Fractal Workshop :

Visit :http://www.midas.ac.in/

About Marg Swarnabhoomi :http://www.margswarnabhoomi.com

Residents looking to buy property a couple of months down the line, may be able to pay a fee online, and get the required encumbrance certificate (EC) as a PDF file on their email.

An EC is necessary to buy property or avail of a housing loan. It is also required if one has to produce a solvency certificate

Tenders have been floated for the creation of a software that will enable this, and it is likely to be ready in about two months. The State government has already approved 11 banks for the payment of fees through net banking.

The initiative is aimed at simplifying the process of obtaining an EC.

“At present, residents can apply for an EC online, on the website http://www.tnreginet.net. After the application has been given in, the certificate has to be collected in person from the sub-registrar’s office or is sent by post. But the postal option, where payment has to be made through value payable post after delivery, is not very popular,” an official said.

Recently, Chief Minister Jayalalithaa’s made an announcement in the Assembly stating that property-owners will soon be able to view their certificates of encumbrance on property, online.

Sources in the registration department said this would be possible for free, once the system goes online. The software for free viewing is being developed in-house.

While it does not cost much to get an EC certificate, residents say the procedure is a hassle.

“I have been waiting for over a month for an EC at the Sriperumbudur sub-registrar office, as I need to avail of a bank loan,” said K. Murthy, a resident of Poonamallee.

For the first year, the certificate costs Rs. 15, and it is Rs. 5 for each subsequent year.

A computer fee of Rs. 100 is charged online, as well as a Re. 1 application fee, which can be paid in cash. However, if the site crashes at any sub-registrar’s office, there is a long delay and applicants are forced to wait.

The registration department has put up data up to 1987 on its servers, and now only needs to make it available online. Since banks require ECs of up to 30 years, many residents apply for these documents.

Officials said data from 1986 to 1975 was being entered into the systems, and is expected to be completed in six months.

The Chief Minister had also announced that copy documents (documents that are copies of deeds or transactions that deal with property) from 1864 that are stored sub-registrar offices would be microfilmed and digitalised.

“This is also required for property verification. At present, for residents to obtain certified copies of original documents, they have to pay computer fees of Rs. 100 and Rs. 10 per page for every year until 1987,” the official explained.

T. Raghu, a real estate consultant and resident of Mylapore, said that to get copy documents prior to 1987 it takes up to a month or more even.

“I have to beg and cajole the staff to get me the copies. At times they ask me to come after 10 days but when I go, they tell me to come back again,” he said.

He added that the move to make the documents available online was welcome. “It will be of immense help to lakhs of property owners and real estate consultants,” he said.

Source :thehindu

Swarnabhoomi Cityscapes is a unique bouquet of serviced villa plots called “Bay view”, “Lake View Garden” & “Royal Orchard”. Located in the vicinity of MARG Swarnabhoomi, on the scenic ECR near Chennai, 225 acres have been earmarked with 2425 villa plots. More than 250 plots covering over 4.3 lac sq ft have already been sold.

Swarnabhoomi Cityscapes is set to address the emerging requirement for quality and high appreciation plots in Chennai. These plots enjoy access to all shared facilities at MARG Swarnabhomi. Just a step away from the proposed industrial projects of NTPC and BGR Energy, they are also close to the proposed Southern Railway station at MARG Swarnabhoomi.

“Bay View” villa plots: Premium sea view plots starting from Rs. 11.4 lakhs* per ground & located just 1 km from the ECR beach (close to Cheyyur Lake). Being on the entertainment corridor, just 2kms from TTDC Boat House (Mudaliarkuppam) and the proposed water sports & Theme Park, these villa plots are expected to see notable appreciation.

Surrounded by nature’s freshness and lush greenery, ”Lake View Garden” plots are premium pieces of land which comes with a price range starting from Rs. 7.57 Lakhs* per ground. Located on ECR with close proximity to Koovathur hospital and near to the proposed BGR Energy Plant, Lake View Garden is a great investment opportunity.

“Royal Orchard” villa plots are in the midst of serene nature, tranquil environment and its beauty. Located next to Tapovan Ultra Luxury Villas by MARG ProperTies with a price range starting from Rs. 5.59 Lakhs* per ground, Royal Orchard offers garden plots off ECR , just 18kms from Maduranthagm Railway station.

Additional plotted development being planned in 136 acres with a sale value of Rs. 120 crores.

To know more, visit http://www.swarnabhoomicityscapes.com/

The new investments in realty sector attracted by Tamil Nadu plummeted from over Rs 13,600 crore to just over Rs 3,300 crore during the period ranging between 2011-12 and 2012-13, thereby registering a significant year-on-year decline of over 75 per cent, industry body Assocham said today.

“However, Tamil Nadu has ranked third with a share of about eight per cent in the total value of new investments attracted by the real estate sector across India during the last fiscal,” according to a real estate sector specific analysis carried out by The Associated Chambers of Commerce and Industry of India (Assocham).

“States across India attracted new investments worth over Rs 42,000 crore in the real estate sector during 2012-13 which declined from over Rs 92,600 crore in 2011-12,” said D S Rawat, national secretary general of Assocham while releasing the chamber’s analysis.

While most of the states have seen a decline in attracting new investments in the realty sector, Gujarat has seen a surge of over 700 per cent as the state has attracted investments worth over Rs 17,000 crore as of March 2013 from just over Rs 2,000 crore a year ago.

“Kerala is another state which has seen massive growth of over 550 per cent in attracting new investments in real estate followed by Uttarakhand (400 per cent) and Rajasthan (175 per cent),” said Mr Rawat. “While almost rest of the states have seen a drop of over 50 per cent in new investments in the realty sector during the aforesaid period.”

While, Gujarat has maximum share of about 41 per cent in the new investments attracted by the real estate sector across India, the states of Maharashtra (over 17 per cent), Karnataka (10 per cent), Tamil Nadu (eight per cent) and Uttar Pradesh (over six per cent) are amid top five states with maximum share in this regard as per the Assocham analysis.

Besides, with a share of about 15 per cent, Gujarat is second only to Maharashtra which has maximum share of about 20 per cent in the total outstanding investments worth over Rs 14 lakh crore attracted by the real estate sector across India as of March 2013.

“Realty sector accounts for over 11 per cent share in total outstanding investments worth over Rs 122 lakh crore attracted by different sectors from various public and private sources across India,” said Rawat.

Maharashtra, Gujarat, Haryana, Karnataka and Andhra Pradesh are the top five states with highest share for attracting maximum outstanding investments in the real estate segment across India. Besides, these five states account for over 70 per cent of the total outstanding investments attracted by realty sector across India.

Tamil Nadu has attracted outstanding investments worth over Rs 88,600 crore in the real estate sector as of March 2013 and accounts for over six per cent share in total outstanding investments attracted by real estate sector across India.

Outstanding investments in real estate have risen by over 25 per cent throughout the country during the five year period of 2008-09 and 2012-13 while it grew by about 22 per cent in Tamil Nadu.

“The real estate sector in India has been plagued with serious problems of late like falling sales, rising construction costs, dampened market sentiment overall, sluggish economic growth, high interest rates, high inflation and poor industrial production ( IIP) due to which leading players in the sector had to sell of their land to reduce debt, private equity players have trimmed their exposure in realty sector and general slowdown in various industries has hit commercial real estate,” said Rawat.

Source:timesofindia

To all the amazing musicians from around the world who have studied, taught and keep coming back to make Swarnabhoomi Academy of Music the place it is.

Thank You.

We, the SAM Family are extremely grateful for your support. SAM is what everyone one you of made it to be.

Here are some of the most beautiful moments in the history of SAM,

Here is Alyssa Mendonsa, Bollywood playback singer and alumni of SAM talking about her experience in SAM. Thank you Alyssa for this gesture.

Northern parts of Chennai have long been considered the backwater region of the city. But the residential price index (residex) put out by the National Housing Bank (NHB) shows that Ayanavaram, Kolathur and Purasawalkam have seen the maximum appreciation in residential prices in the last six years across the country.
Prices in these localities have registered a 650% growth during the period. In actual terms, apartment prices have gone up from 1,500 per sqft to more than 9,000 per sqft in Aynavaram. It is impressive taking into account the fact that the city’s overall residential index grew only 214% during the same period.

Areas that have witnessed the second highest increase in apartment prices are Virugambakkam, Anna Nagar, Kilpauk and Nungambakkam. The average price in Nungambakkam, for instance, has appreciated from 12,000 per sqft to 30,000 per sq ft. Going by the residex, Egmore and Chetpet, where prices were very high in 2007, have seen the minimum growth – just 76% in the last six years. Price in Egmore, for instance, has gone up from 8,500 per sqft to 15,000 per sqft.

On the other hand, prices have more than doubled in Dr Radhakrishnan Nagar more than tripled in Tondiarpet, Perambur, Chromepet, Guindy, Velachery, Mylapore, Adyar and Thiruvanmiyur. The south Chennai residential hubs started off at higher base prices in 2007 when the NHB started indexing residential price fluctuations across the country. Other areas such as Ashok Nagar, T Nagar and Saligramam have seen close to 400% increase.

Chennai’s growth is impressive in comparison with many other cities. The maximum growth in the National Capital Region has been 160%, in areas like Vasant Kunj, Punjabi Bagh and Shalimar Extension. The situation in Bangalore is no different either. Lavelle road, where the property prices have appreciated the most in Bangalore as per NHB, saw only 161% growth. Mumbai has done a shade better. Lower Parel, Matunga East and Mahim West witnessed 260% growth in the past six years. Appreciation in most other areas of Mumbai ranges from 50% to 150%.

Lack of adequate infrastructural growth in outlying areas of the city is one of the key factors for prices still shooting up in Chennai’s central business district, said Confederation of Real Estate Developers’ Association of India Chennai chapter president Sandeep Mehta. “There is more stress on the core city. There are very few projects coming up within the city, but the demand is many-fold. On the other hand, there are a lot of projects coming up on the outskirts. But people are hesitant to go there because of lack of good connectivity and other infrastructure. People travel long distances, 20km to 30km, in cities like Bangalore and Hyderabad, where infrastructure is fast growing in the suburbs,” he said.

Source:timesofindia

D797A64E5MKW OMR, or Rajiv Gandhi Salai as it is called today, had its origin during the British era, and was laid alongside the Buckingham Canal from Adyar to Muttukadu. The original OMR is still visible in parts as a panchayat road parallel to the existing one. Till 2005, the OMR extended only up to Sholinganallur, and primarily catered to the growth of the IT Sector in Chennai. Most IT Parks came to be developed on this stretch starting with the Tidel Park, and soon, companies like Ascendas, ETL, TEK, DLF, RMZ and others streamed into setting up similar IT Parks which led the road to be re-named IT Corridor stretching from Madhya Kailash up to Siruseri, at a distance of around 35 km. The growth also had its downside when the government and private sector woke up to the realities of the inadequacy of related social infrastructure in that area where the prices of land had skyrocketed, which meant that the whole area came to be developed in an haphazard manner, which continues even till today.

The IT Expressway, a 6-lane project stretching across the OMR is still in limbo, with only Phase I of the project from Madhya Kailash to Siruseri becoming operational. Phase II of the project extending up to Mahabalipuram near Potheri is yet to see daylight. The project has repeatedly been a victim of successive government apathy, cost escalation and land acquisition problems. Nearly 270 million sqft of IT space has been developed on the OMR IT Corridor so far, housing more than 1,20,000 IT/ITES employees at present. This number is set to quadruple to 200,000 with companies from the banking, finance and insurance industries likely to set up office on this stretch in the next 3-4 years.

“Till the beginning of 2005, OMR did not really boast of a plausible social infrastructure, as there was not much of an incentive for developers to pursue large-scale residential projects in that area,” says Muralikrishnan, a Chennai-based realtor. “The IT boom between 2001 and 2007 encouraged IT firms across the country and the globe to set up office on this belt,”he added. In addition, the Government of Tamil Nadu, in order to propel the growth of the IT Sector, has increased the Floor Space Index (FSI) to around 3.75, roughly 1.5 times the prevailing value, for IT-related development projects on certain portions of the belt. Therefore, the incentive to build commercial property augmented even further. This led to the growth of a residential segment beyond Sholinganallur, where the availability of land was adequate and prices reasonable. The slowdown in the IT industry also put a temporary growth in the development of IT parks on the stretch, and the focus shifted back to residential and commercial developments. While certain commercial developments like boutique hotels and shopping malls are expected to do well, the same cannot be said about IT & ITES developments, where there is still an over-supply of more than 4-5 million sqft of commercial IT space with no takers. The increase in residential development beyond Sholinganallur has helped in boosting the region’s social infrastructure. Three reputed schools, namely Hiranandani Upscale School, PSBB Millennium School and Bala Vidya Mandir are located in the area with another 6 schools to be made operational in the next 2-3 years. In the realm of health infrastructure, multiplexes like the Riverside Mall, for instance, are quickly sprouting, making it a more independent and significant entity on the city’s map.

There are currently about 1,20,000 people employed in the IT and BPO companies along this corridor alone. The impetus for real estate development has come from a projection that about an additional 2,00,000 people will be employed in the IT belt in the next 3-4 years. Property prices have risen by 50 percent in the whole belt in the last two years, and an unbelievable 80-100 times more in the last 10 years. In 2000, the cost of a plot in Thoraipakkam was र 15,000, and is र 100 lakh today!

Source :chennairealty

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Low Budget Flats in Chennai at OMR Starting from 20*Lakhs

MARG SAVITHANJALI APARTMENTS :

• Apartments ranging from 578-3149 Sq.ft
• Studio apartments starts from 19 Lac onwards
• 2 & 3 BHK starts from 42 Lac onwards
• Duplex & Pent house starts from 70 Lac onwards

Filed under: Real estate Investment Ideas and Deals Tagged: growth of OMR, IT corridor, IT Parks, IT Sector in Chennai, OMR, omr development, OMR Flats rate, OMR residential land rate, Rajiv Gandhi Salai

This is the second time that the career guidance program has been organized by MARG Karaikal Port & MSSRF

MARG Karaikal Port Pvt. Ltd. in association with M.S.Swaminathan Research Foundation today organised a Career Guidance Programme at Karaikal for the student community in the district. Mr. Anto Alphonse, IPS, Senior Superintendent of Police, Karaikal graced the occasion as the Chief Guest and released the “Career Guidance Booklet”. The special guest for the programme Captain K.N. Ramesh, Chief Operating Officer, MARG Karaikal Port gave key note address. Others who addressed the inaugural session included Vetrivel Ramadhass, Asstt. Vice President, MARG Karaikal Port and Ms. Nancy J Anabel, Director, IEC, MSSRF, Chennai.

The fair attracted more than 350 students & commenced with the release of “Career Guidance Booklet” – an exhaustive compilation on career options. This booklet provides a detailed insight into various career streams that youngsters from Karaikal & Nagapattinam can pursue. The objective of this booklet is to guide and channelize the resources available with these youngsters in the most optimal manner in tune with their skill sets.

As part of MARG Karaikal Port’s CSR initiatives, this career guidance program has been designed to benefit the students and provide them with valuable and constructive information on higher education, degree and the diploma courses. Having seen the tremendous response to the first edition of the Career Guidance programme held in 2011, MARG Karaikal Port and M.S.Swaminathan Research Foundation have once again joined hands to reach out to the student community of both Karaikal & Nagapattinam region.

Commenting on this initiative, Capt. Ramesh, Chief Operating Officer, MARG Karaikal Port said, “Our strategic collaboration with MSSRF has been continuing since 2011 and is aimed towards holistic development in this region. This collaboration has effectively complemented our community development initiatives being driven through our CSR brand ‘MARG Parivarthan’. Jointly with MSSRF, we have already reached out 20,000 farmers, fisher folk & women SHGs at Nagapattinam & Karaikal region through a unique technology enabled ‘Knowledge connectivity programme’. The project has since drawn attention for its innovative model and positive impact. This education initiative is part of a comprehensive CSR plan that we have for the region.”
This career guidance programme is unique as it has opened up a wide range of off-beat courses to the participants in the spheres of Industrial Training Institutes (ITI), Arts & Science, Polytechnic & Technical Education, Catering courses, Marine Biology, Oceanography, Coastal Aqua Culture, Agricultural courses, Veterinary and animal sciences, Engineering courses, Law education, Medicine etc.

Capt. Ramesh also added, “The career guidance programme is mainly aimed towards rural students who have limited opportunities for exposure to the spectrum of educational choices available. A lot of our bright students miss out on lucrative careers on account of this. I am happy that we have been able to contribute fruitfully to the student community in this region.”

The fair witnessed over 350 enthused students from Karaikal & Nagapattinam districts. Experts from diverse fields/ professions and premier educational institutes enlightened the students on various career options and opportunities. Host of dignitaries and experts who shared their wisdom on the occasion included Dr. Nagoor Meeron, Director, Tamil Nadu – Fisheries University, Nagapattinam, N.M. Sivasamy, Senior Regional Manager – Indian Overseas Bank, Nagapattinam, Dr. Mohamed Ismayil, Vice Principal – E.G.S. Pillai Arts and Science College, Dr. A . Valliammai, Director, Placement Cell – ADM College for women, Nagapattinam, Dr. Poonkuzhazhan, Associate Professor – PAJANCOA, Karaikal, Govindarassu.A, Principal, – National Institute of Hotel Management, Karaikal and J. Kanagasekar, Head Master – Govt. High School, Kovilpathu, Karaikal.
The fair concluded with a question & answer session facilitated by S.Velvizhi, Principal Scientist – MSSRF.

Commenting on this initiative Ms. Nancy J Anabel, Director, IEC – MSSRF, Chennai said,“ The Career Guidance Programme is a single step now, but could become a  giant leap in future. Education is the most powerful tool for human empowerment. Providing timely guidance to choose options for higher education and career advancement to the deprived populace of rural India is a  powerful way to tap and realize youth potential and talent thereby contributing to the Nation development”

MSSRF, Nagapattinam centre has been actively engaged in this region promoting sustainable rural livelihoods through digital empowerment based on a pro-poor and pro-women orientation to technology choice and dissemination and human resource development. The development programmes are executed based on the specific needs of the geography and The Career Guidance Fair is just one of the regular annual events.

Pushkara, luxury apartments at Chennai, OMR are brought to you by MARG ProperTies, reputed builders in Chennai. Located just 2 km from Siruseri, these homes combine the affordability of great pricing and the luxury of living close to nature.

So, If you are looking for a home in Chennai, particularly in the IT hub of OMR, Pushkara is definitely one of the best properties in Chennai.

Come, experience the well balanced life.

• Spread across 3.84 acres.
• Stilt + 4 floors with ample car parking & greenery.
• 204 apartments that open to the grand lake view.
• 2BHK, 3BHK & Smart Studio ( 1 BHK) apartments ranging between 588 Sq.ft to 1700 Sq.ft.
• Studio apartments starts from 24 Lac onwards
• 2 & 3 BHK starts from 42 Lac onwards

Location Map :

Specification

Amenities

Pushkara comes with all basic and modern day amenities to satisfy the aspirations of just about anyone! Some of the key amenities of this project include

• Club House
• Gym
• Swimming Pool
• Indoor Play Area
• Outdoor Children Play Area
• Plaza
• Landscape Area
• Landscaped deck consists of : Pergola, Swings, Amphitheatre, Fountain, Landscaped gardens, Barbecue Corner

Payment Schedule :

For Enquiry :

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MARG, is one of the leading real estate developers in Chennai, offering homes to all segments viz. affordable homes, urban smart homes, integrated township, serviced residences and ultra luxury homes. MARG ProperTies is well poised to garner sizable market share across product range (from Rs. 10 lakhs to Rs. 100 lakhs) by leveraging its range, scale and size coupled with strong processes and use of innovative technologies.

MARG ProperTies has sold 1890 units (2 million sq.ft.) with a sale value of Rs. 528 crores. The increasing demand in Chennai market, clubbed with the brand image of MARG ProperTies, affordable pricing and unique concepts of like home shoppe, measure and pay etc. continues to propel the sale of residential space of MARG ProperTies.

Residential projects:

BRINDAVAN – Way to great investment – more than 590 units sold

Strategically located at Sriperumbudur that houses 22 Fortune 500 companies & 0.15 mn employees – popularly known as the Detroit of India & emerging as the fastest growing industrial hub in India, Brindavan is a gated community which has 1848 smart affordable homes set in 14 floor high rise buildings.

Right on the 6 lane expressway, homes at Brindavan are available in 2 & 3 BHK variants with sizes ranging from 608 sq ft – 1070 sq ft. These smart affordable homes priced at Rs. 15 lakhs onwards are situated by far in the fastest appreciating location in Chennai with excellent connectivity to NH-4, SH-57 and SH-48. Brindavan boasts of multi-amenities like spiral amphitheatre, elder’s plaza & pavilion, community hall, restaurant, library, yoga center, multi-use sports court, shuttle service, salon and many more. Construction is on.

PUSHKARA- Lake View Homes on OMR - 120 units sold out

‘Pushkara’ was launched in the month of May 2012 and received tremendous immediate response as 50,000 sq.ft was booked in just 2 days as the customers lauded the project for its unique structure, design & the pleasant deck view overseeing the view of Muttukadu lake. The water-front living with a breathtaking lake view is a major attraction point for Pushkara. The landscaped deck includes pergola, fountain, amphitheatre and barbeque corner. It features 204 apartments set in 3.84 acres & consisting of 1, 2 & 3 BHK apartments with size ranging from 588 to 1700 sq.ft. Pushkara is competitively priced at Rs. 3550/sq.ft with a starting price of Rs. 21 lacs.

Located at Kazhipattur on OMR , just 2 kms from Siruseri & Gateway International School primarily targeting the first home buyers belonging to middle income IT/ITES professionals working on OMR, whose basic requirement is to own a lifestyle apartment that has excellent proximity and connectivity to their work place. The Pushkara project includes amenities like swimming pool, indoor & outdoor games, gym, plaza and community hall. Phase 1 is sold out & construction is on in full swing. Phase 2 with 64 units is launched.

Savithanjali – Duplex & luxury homes at Kelambakkam, OMR - 290 units sold

‘Savithanjali’ represents unique four sided ventilated & tech-savvy urban smart homes comprising of 678 apartments set in a sprawling 7.11 acre expanse with tech smart features for safety security & convenience like mood lighting, video door phone, motion sensor, CCTV security, burglar alarms & access card entry. Having close proximity to SIPCOT IT Park, educational institutions and healthcare facilities, it comprises of 1, 2, 2+study, 3 bedroom apartments, duplex and penthouse set in a 16 floor high-rise structure with a breathtaking Bay of Bengal view.

With a grand stupa like entrance, central courtyard and integrated single level basement car park, Savithanjali has all the amenities ranging from a fully loaded club house, jogging track, health club, convenio, gym, amphitheatre, salon, skating rink, swimming pool, children’s play area, Jacuzzi, laundromat, clinic, landscaped garden, yoga platform etc. Construction of Phase I (Block A, B & C) is in full swing which is about to get completed by June 2014. Phase 1 is almost sold out. Construction on in full swing for blocks A, B & C.

Vishwashakthi – Tirupati’s only integrated township - Phase 1 & 2 almost sold out

Set in a sprawling 17 acre expanse right on the 4 lane expressway, ‘Vishwashakthi’ is Tirupati’s first integrated township houses amenities and features ranging from a fully operational MARG Chinmaya Vidyalaya to a jogging track, from theatres to a coffee shop to a 35,000 sq. ft. grand clubhouse. Vishwashakthi houses 513 apartments starting at Rs. 26 lacs of which more than 340 have been sold out.

MARG Chinmaya Vidyalaya school at Vishwashakthi complex is the first-ever Chinmaya Mission Vidyalaya established in Tirupati. The school is running for the 2nd year with a total strength of more than 150 students enjoying state-of-art infrastructure and facilities. Phase 1 hand-over in progress. Phase 2 construction on in full swing.

KALPAVRIKSHA– Signature apartments in the heart of OMR - Sold out

‘Kalpa Vriksha’ comprises of 70 spacious 2 and 3 BHK apartments in Karapakkam ranging from 880 to 1515 sq ft located in the IT hub of Chennai and right behind the iconic upcoming MARG Junction Mall – the largest integrated development in Chennai with a mall, serviced residences, club and banquet. Starting at Rs. 47 lacs per unit, the project is sold out.

Kalpa Vriksha comes with a complete club house, covered swimming pool, gym, indoor & outdoor games, children’s play area and is vaastu compliant.Construction is on in full swing.

PUSHPADRUMA - Sold out. 200 families residing

‘Pushpadruma’ is one of first residential projects on OMR road. It has seen high potential for appreciation. Set in a sprawling 4.4 acre lush green expanse, Pushpadruma has all amenities & is Vaastu compliant. All 466 apartments have been sold out with 200 happy families living. The 5500 sq. ft. club house operational inside the community caters to the basic needs for the residents. Construction completed.

SERVICED RESIDENCES: Launching Soon.

MARG ProperTies is soon launching 153 spacious 2, 3 & 4 BHK serviced residences primarily conceptualized as large format, premium guest houses suitable for high networth individuals / corporates / MNCs, as corporate guest houses on rental basis or as own residence for leisure or weekend retreat homes. These serviced residences are will be housed in 2 independent locations within MARG Junction Mall & range between 1011 sq.ft. to 2063 sq.ft. Situated at Karapakkam on the Old Mahabalipuram Road (OMR) – the bustling IT corridor of Chennai & spread over 7.30 acres , MARG Junction Mall will be Chennai’s largest integrated development with a mall, serviced residences, club & banquet and a total built up area of 1.85 million sq.ft. The mall is slated to be South Chennai’s most happening & largest destination for shopping, leisure and entertainment.

With exclusive parking, a separate entry & exit, 100% power back up, central air-conditioning, access control, club, CCTV, cable & internet, club, exclusive terrace and best quality products in a ready to fit-out condition, the serviced residences will enjoy a pride of occupation in Chennai’s IT hub.

For More Details :CLICK CONTACT US

Stubbornly high mortgage rates coupled with high real estate prices pushed down NHB Residex – an index used to track the movement of prices in the residential housing segment, for Chennai during the March quarter.
The Residex, developed by the National Housing Bank with inputs from RBI and CSO tracks the movement in prices of residential properties on a quarterly basis since 2007. Chennai’s index for the January-March quarter was 310 as against 314 during October–December 2012. The base year for the calculation of the index is 2007 and the base is 100.

Of the 10 residential zones in the city as computed by NHB, in 6 zones real estate values fell while in one it was unchanged and in three there was an increase. Prices dropped the most in Mylapore, Adyar, Velachery and Thiruvanmiyur by nearly 11% between October-December quarter and January—March quarter.

“Prices were tepid earlier this year. High interest rates forced buyers to hold back purchases. But overall there is a recovery in the markets in the past few weeks as buyers expect a cut in lending rates for home loans.

Residential prices witnessed a rise in Mumbai, Bangalore and Delhi while it dropped in Chennai and Kolkata. “We are witnessing slowdown in sales. This has resulted in developers dropping prices. The Residex was rising for 11 quarters and has dropped for the first time since then.

“Smaller real estate players are in a trap as there isn’t enough bank funding for projects which were linked to cash flows from sales, therefore delaying project completion.

Source:timesofindia