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February 08 2013

Reserve Bank of India (#RBI) has reduced the repo rate from 8.000 % to 7.750 % on January, 29 2013.

February 28 2012


MARG Tapovan - The Luxury Villas In Chennai

Tapovan are the luxury villas in Chennai by MARG ProperTies which is located at Panvanjur, off the scenic ECR. Tapovan are the ultra luxury homes which consist of 120 exquisitely carved villas sprawling over 77 acres of lush greenery.

Tapovan comes in 2 types. Option 1 is of ¼ acre with a built up area of 2553 sq ft & option 2 if of ½ acre with a built up area of 3558 sq ft.

Out of 120 villas 17 are G - model and remaining are G+1 model

There are lot of special amenities in Tapovan. Let's see what they are 
• Jacuzzi (10ft. x 8ft.)
• Landscaped garden around the villa
• 24/7 security with intruder alarm
• Modular kitchen
• RO plant in the kitchen
• Intercom
• Rain water harvesting
• Landscaped gardens
• Battery operated carts
• Tennis Court
• Basket ball court
• Golf putting
• Rock climbing
• Tree house
• Organised greens
• Administrative block
• Power backup
• Sewage treatment plant

And below are the charges for Amenities
• Club House Membership Fees - Rs 4,00,000,
• Infrastructure Deveopment charges - Rs 14,00,000,
• Design Consultancy & Legal Charges - Rs 3,00,000,
• Maintenance Charge - Rs 3/ Sq ft as and applicable,
• Corpus Fund - Rs 75,000

There will be a lot of appreciation for Tapovan about 2 years from now, as it is strategically placed behind MARG Swarnabhoomi, a SEZ with world class facilities.

As per the interior Tapovan is completely vaasthu compliant.

And some people will have this question in their mid as Can I modify the internal structure? Once the villa is constructed there are fewer chances of modifying the internal structure over a period of time. But slight changes that can be incorporated provided it's feasible during the construction. There is a 3-phase power supply also they have back-up DG's to support the power cut.

Each villa is placed in such a way that it gets 90% of natural air and balconies are available in the bedroom of each villa.

The price range of each villa is Rs.85 lakhs onwards (limited period offer). The booking amount for each villa is Rs. 5 Lakhs. After you pay the booking amount the villas will be acknowledged as booked for the particular customer. You can register the villa in your name after you pay the 100% of the total amount. And in any case if you wish to cancel the cancellation charges will be 25% on booking amount & upon registration it is 25% on the total cost.

You can find schools like MARG Navajyothi Vidyalaya @ Swarnabhoomi. Are there any hospitals near to the project? Yes they have house Hospice centre that will cater to its needs.

As of parking facility Tapovan have a car porch in front of every villa.

Right now there are 7 wells containing enormous of water which will be interlinked for a better supply of water. Also, bore well points to be identified and connect. Over which RO plant will be fixed if needed. The water from the well will be routed to the treatment plant & from there it will be channelized to overhead tank & then it will be supplied to individual villas.

Another Great news about Tapovan is it is also available for NRI, PIO & OCI.

About the Author

Are you looking for villas in Chennai with world class amenities then MARG Tapovan is the right place.

Tags: Villas in Chennai

February 17 2012


Fifth annual FAIRPRO to start off from Feb 17 in Chennai

Chennai - Touted as the fairest property fair in Chennai, 65 eminent developers will be coming together at the 5th annual FAIRPRO, which will be held at the Chennai Trade Centre from February 17 to February 19. FAIRPRO is organized by the local chapter of CREDAI (Confederation of Real Estate Developers’ Associations of India), the apex body for private real estate developers in the country, and will underscore its new ‘Mission Transparency’ initiative. Bound by a rigorous Code of Conduct, the builders exhibiting at FAIRPRO are operating under strict instructions to be transparent in all dealings and documentation with customers and to disclose and declare all components of the sale in consideration. “Transparency is our key focus this year,” says T Chitty Babu, President of CREDAI, Chennai chaper, adding, “We wish to promote our philosophy of Ownership without burden.”

According to him, only properties that have been “legally cleared” and have been approved by CREDAI standards will be exhibited at FAIRPRO. He says, “We intend to offer this platform for homeseekers to help them own a property that is based on the strong values of trust and integrity. As per the rules of CREDAI, customers will be given a clear break-up of all the costs involved of the property they intend to purchase, which means there will be no hidden costs.”

Stressing the fact that only legally approved properties are being exhibited at the fair, Ajith Chordia, Treasurer of CREDAI, says, “Customers sometimes tend to be unaware of the hidden taxes such as vacant land tax and the buyer comes to know about it only after the sale.” This year, CREDAI has gone the extra-mile by offering a legal counter which will be set up at the fair to answer customers’ queries on the legal aspects of their purchases. “The legal corner will be managed by our rank associates, so that buyers can make purchases confidently,” says N Nandakumar, Secretary of CREDAI.

As the number of builders who will be converging this year at FAIRPRO has risen exponentially this year, Suresh Krishn, Convenor of FAIRPRO is optimistic about the positive impact that the fair can create. “The reach of the upcoming fair is estimated to increase by nearly 50 percent. The FAIRPRO website has already registered over 20,000 hits and nearly 85 stalls have been booked so far,” he says. In his view, the most important increase is the sizeable expansion of the product range. “We are offering an unbeatable variety with projects ranging from Rs 10 lakhs to Rs 10 crores. This year, we expect to create transactions to the tune of nearly Rs 250 crores,” he says. With a staggering 250 projects on display, the three-day fair is set to be a unique opportunity for interested buyers to compare prices and projects offered by the exhibitors. Spot booking, numerous discounts and hassle-free home loans are also some of the highlights of FAIRPRO 2012.

Source: The Times of India, Chennai

February 16 2012


CREDAI property fair to be held from Feb 17 to19

CHENNAI: FAIRPRO, the annual property exhibition of the Confederation of Real Estate Developers' Association of India, Tamil Nadu chapter, will be held in the city from February 17 to 19. Sixty-five builders will showcase 250 projects at prices ranging from Rs 10 lakh to Rs 10 crore at the Chennai Trade Centre, said Suresh Krishn, convenor, FAIRPRO.

Only projects approved by the regulatory agencies and vetted by CREDAI's legal wing will be listed for sale, he said. With a view to minimizing inconvenience to prospective home buyers, the FAIRPRO team has introduced e-service for issuing entry tickets and registration.

So far, about 20,000 people have hit the FAIRPRO website and 600 people have booked tickets, he said. CREDAI Tamil Nadu president T Chitty Babu called upon the central and state governments to be considerate towards the real estate sector.

The growth of the sector will be affected if tax benefits are not extended to realtors and tax exemption on home loan interest component is not increased from Rs 1.5 lakh to Rs 3 lakh, he said. Ajit Kumar Chordia, MD of Khivraj group, called upon the state government to slash stamp duty for registration of properties before it announces a revision in the guideline values.

February 15 2012


February 13 2012


February 11 2012


February 08 2012


February 07 2012


January 24 2012


January 23 2012


January 20 2012

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