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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Mon Mar 30, 2015 4:14 pm 
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Planning to buy property online? Research well before taking a decision

Interest in buying property online is on the rise in India. In 2014, Tata Housing's National Home Buying Day initiative saw more than 800 online applications pouring in for 200 housing units spread across five projects. Till date, the company has sold around 1,500 apartments online, or 1 million sq ft of space. Punebased Kolte-Patil Developers recently sold more than 200 houses online during their home buying Nest Fest. Are you also considering buying property online? Here is an overview of the trend to help you evaluate the pros and cons and
arrive at a decision.

Buyers and sellers

Online sales have seen a spurt in tier-2 and tier-3 cities. "Sales have jumped from 11% in December-January 2013 to 30% in January-October 2014. The buyers have largely been from Patna, Chandigarh, Ranchi, Indore, Mangalore, Mysore, Coimbatore, Trichy, Bhubaneswar and Leh," says Brotin Banerjee, MD & CEO, Tata Housing Development. Given the buyers' interest, it is not surprising that more and more builders are opting for the cyber sale route. DLF, Godrej Properties, Mahindra Lifespace, Puravankara and Ashiana are some of the prominent names who have an online sales footprint. Third-party portals, such as Magicbricks. com, 99acres.com and Makaan.com are also becoming
increasingly popular for researching, buying and leasing properties.


Read more at: http://economictimes.indiatimes.com/art ... aign=cppst


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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Sun Mar 29, 2015 11:07 am 
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Source:dinathanthiepaper


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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Sun Mar 29, 2015 7:44 am 
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Sale of flats slowing down in Tiruchi

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A number of apartments have been ready for sale in various parts of the city, although there are limited takers for them. While builders and apartment promoters refer to the rise in the prices of building material, guideline value for land, the purchasers say the rates are a bit high.

Many builders say they have to make a huge investment right from the purchase of the land in prime areas to attract the customers. The burden of various taxes was another problem which had to be passed on to the flat buyers. The service tax imposed by the Excise Department in the last few years has added to the cost of the property. Till recent years, the service tax was meant for buildings having apartments with over 22 units. But, in the recent years, it had been extended to projects with more than two flats.

S. Thiagarajan from Swaati Construction says the number of flats available was in excess of the demand in Tiruchi. This was one of the reasons leading to the slow growth in the sales graph. The rise in the prices of building material and cement in particular was posing a serious challenge to builders, he says. The existing service tax is levied at the rate of 12.36 per cent of the one-fourth of the value of the apartment. It is proposed to increase to 14 per cent with effect from the forthcoming financial year, says Mr. Thiagarajan.

Mr. Thiagarajan says the availability of a number of houses in the city either for rent or for long lease has been facilitating a large number of people to opt for rented buildings. The guideline value in property was on the rise, resulting in the huge investment for builders who bought spacious buildings constructed decades ago.

Ray of hope

The Tiruchi chapter of the Confederation of Real Estate Developers Association (CREDAI), however, has been hoping that the prospects would brighten in the near future.

“The investment on property in general and on flats in particular had remained a low-key affair till December last year. However, there has been a marked improvement during the first quarter,” says its chairman, T.V. Murali.

The price of the cement stands at about Rs. 400 a bag. “The rise in the price of cement is quite unwarranted. When the growth graph of construction industry is far less, there is no need for increasing the price of the cement,” says Mr. Murali.

Anticipating some downward revision in the rate of interest for housing loans by banks in the next financial year, he says the real estate business would witness a steady progress. He says the service tax brought about another burden for the purchasers.

Mr. Murali says the number of new projects for construction of apartments was far less.

For instance a single bedroom apartment in Sangaliyandapuram is estimated at about Rs. 26 lakh. They say they could not afford to invest such a huge sum for the property with a low plinth area.

http://www.thehindu.com/todays-paper/tp ... 045173.ece


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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Thu Mar 19, 2015 6:32 pm 
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Trichy - Rohini Nakshatra



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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Wed Mar 04, 2015 9:45 am 
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Aalayam Residential Villas, Trichy



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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Sun Mar 01, 2015 9:08 am 
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Realty sector feels let down

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The real estate sector has expressed disappointment with the Union Budget 2015 stating that the Finance Minister has failed to give the much-needed impetus to the industry.

Faced with lacklustre demand and rising costs, the sector has been expecting a cut in interest rate on housing loan to spur demand.

“There is not much in the Budget for us. It seems we have to wait much longer for ache din (good days),” said T.V. Murali, president, Confederation of Real Estate Developments Associations of India (CREDAI), Tiruchi Chapter. The investments in the infrastructure sector appear to be long-term measures. It is disappointing that the anticipated interest rate cut on housing loans has not happened.

The increase in the service tax to 14 per cent would also affect the industry badly, builders felt. “The increase in service tax has come at a time when we were seeking some relief. The move would only increase the cost for customers,” Mr. Murali said.

“We were expecting a big push for the housing sector. But there is nothing in the Budget for us,” said J. Sankaran, former secretary. The increase in service tax would only add to the woes of the industry, which was faced with poor demand, especially from the middle income group. The Finance Minister could have considered steps to reduce the cement price too, he said.

http://www.thehindu.com/todays-paper/tp ... 948068.ece


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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Sat Feb 28, 2015 6:56 pm 
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Morais City----Integrated Township spread over 1000's of acres in Trichy City

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More Images @ http://www.trichyportal.com/gallery

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Courtesy:ilovetrichy/SSC


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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Sat Feb 07, 2015 6:29 pm 
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To boost the sluggish realty market and fuel housing demand, developers across the country have been launching projects with small unit sizes (800-1,200 sq. ft). With the realty market gradually opening up and with a large unsold inventory of projects, the trend is popular in cities like NCR, Bangalore, Mumbai and Chennai. In these cities, there are rising avenues for fund-flow and infrastructure development, says Shushmul Maheshwari, Chief Executive, RNCOS. “As land prices are high in these cities, home buyers are opting for small, compact homes at reasonable prices. Chennai’s residential market has been dominated by end-users with little presence of investors, resulting in lower price volatility as compared to Mumbai, Delhi, NCR and Bengaluru,” he says. Arun Kumar, MD, Casa Grande, who has launched similar projects in Chennai and Coimbatore, says, “Even in non-metros, there is high demand for properties by potential investors who purchase homes as an investment or lease the property out for rent. Most developers are expanding their operations in cities like Trichy, Coimbatore and Mysore.”

Full news @ http://www.thehindu.com/features/homes- ... 865025.ece


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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Tue Feb 03, 2015 5:56 pm 
4 Plots 2400 each available for Sale near Bharathidasan University amidst lot of hostels and Mansions. Suitable for NRI Investment.

Contact 9003786755


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 Post subject: Re: Trichy Real Estate ...............
PostPosted: Sat Jan 31, 2015 9:40 pm 
Dear all,
We are looking for a commercial property around trichy city limit by any side of city highway, state or national highway's. If any please contact 9894568396.


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