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  • Trichy Real Estate

    Construction Updates of 8 Floored(G+7) Apartments in 5 Blocks at Vannarapettai by TNSCB




  • #2

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    • #3
      Property fair to be held in city

      The fifth edition of Fairpro, a property fair hosted by the Confederation of Real Estate Developers Associations of India (CREDAI), Tiruchi, will open in the city on Republic Day.

      “Real estate prices have bottomed out and so have interest rates on home loans. Hence, this is the right time to buy property,” said P.Ravichandran, President, CREDAI, Tiruchi, at a press meet here.

      “Prices of raw materials such as steel, cement and sand have gone up steeply in recent months, pushing up construction cost by up to 15%. Real estate developers also have to comply with new regulations under the Real Estate (Regulatory and Development) Act, 2016, and this again will push up the cost. So, this is the best time to buy ready-to-occupy or under construction properties at old rates,” Mr. Ravichandran said.

      He said CREDAI was waiting for changes it had sought on development control rules. “Though the Centre is seeking to give a push to affordable housing, we are hoping steps will be taken to keep raw material costs under check.”

      S.Anand, Chairman, Fairpro 2018, said that more than Rs. 225 crore worth of properties, including twin bungalows, individual flats and independent houses in the price range of Rs. 20 lakh to Rs. 1 crore would be showcased at the three-day fair. About 20 builders would participate in the fair. Seven banks and financial institutions would also set shop to offer spot sanction of loans.

      The expo, to be held at Hotel Sangam, will be open from 10 a.m. to 8 p.m. from January 26 to 28.

      http://www.thehindu.com/todays-paper...le22502283.ece

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      • #4
        Property Show under way



        Players in the construction sector are upbeat about revival of demand for houses after the Real Estate (Regulation and Development) Act, 2016, took effect last year.

        Twenty builders who have put up stalls at the three-day FAIRPRO 2018 Property Show by CREDAI Tiruchi that commenced at Sangam Hotel here on Friday are banking on the stability in customer patronage on the basis of trust factor generated by the Act.

        CREDAI Tiruchi unit president P. Ravichandran said there had been an encouraging support to the stakeholders of construction industry from the banks.

        The preference of city-based customers is apparently more for apartments as houses could be bought in the range of Rs. 40 lakh to Rs. 50 lakh.

        The prevailing rate of interest for housing loans suited the construction sector well, S. Anand, Chairman, FAIRPRO - 2018, said.

        http://www.thehindu.com/todays-paper...le22532146.ece

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        • #5
          1) Trichiites prefer flats over individual houses

          The first day of the three-day exhibition hosted by Confederation of Real Estate Developers' Associations of India (CREDAI) showcasing real estate projects across the city saw residents thronging the stalls at Hotel Sangam to enquire about projects on Friday.

          Organisers said that a majority of visitors showed interest in purchasing units in apartments and gated communities as the construction cost of individual houses have been escalating due to several reasons including inflation of raw materials prices.

          CREDAI, the apex body of private real estate developers associations to create a platform for builders associated with CREDAI to market their projects and also providing an opportunity for customers to meet multiple builders across the state, had displayed available real estate projects in Karumandapam, Vayalur road, Srirangam, and Kallanai road localities.

          About 26 stalls with as many as 15 builders and seven bankers as well as housing finance institutes explaining the facilities and provisions available to purchase new houses, took part in the exhibition.

          The residents so far have shown interest in purchasing apartment pattern of houses, said an organiser. Though more than 30 projects including flats and individual houses priced between Rs 20 lakh to Rs 1 crore were showcased in the exhibition, organisers claimed that most of the visitors enquired about the properties available in the range of Rs 30 to Rs 35 lakh.

          "More than 500 people visited the stalls on first day of which about 250 people have registered with the real-estate developers to keep in touch about purchasing the available units," P Ravichandran, president of CREDAI, Trichy chapter, said.

          A directory comprising the projects of real-estate developers associated with CREDAI in Trichy were launched by the district collector K Rajamani in the evening and the exhibition was inaugurated by the corporation commissioner N Ravichandran.

          Organisers said that all the projects displayed in the property exhibition are approved by the banks and finance institutes so that loans will be sanctioned at the earliest.

          source: https://timesofindia.indiatimes.com/...w/62666710.cms



          2) Property Show under way in Trichy



          Visitor at a property show in Tiruchi.Photo: M. Moorthy

          Players in the construction sector are upbeat about revival of demand for houses after the Real Estate (Regulation and Development) Act, 2016, took effect last year.

          Twenty builders who have put up stalls at the three-day FAIRPRO 2018 Property Show by CREDAI Tiruchi that commenced at Sangam Hotel here on Friday are banking on the stability in customer patronage on the basis of trust factor generated by the Act.

          CREDAI Tiruchi unit president P. Ravichandran said there had been an encouraging support to the stakeholders of construction industry from the banks.

          The preference of city-based customers is apparently more for apartments as houses could be bought in the range of Rs. 40 lakh to Rs. 50 lakh.

          The prevailing rate of interest for housing loans suited the construction sector well, S. Anand, Chairman, FAIRPRO - 2018, said.

          source: http://www.thehindu.com/todays-paper...le22532146.ece







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          • #6
            1320 Houses to constructed at a Cost of Rs 220 Crores as G+9 Floored Apartment Complexes by TN Housing Board at TVS Tolgate





            source: Dinamalar

            Tenders called for Dismantling Existing 450 Flats in Circuit House






            source: IE


            ^^^^^^
            After Dismantling, 1320 Flats will be constructed in Blocks of 10 Floors each at a cost of Rs 220 Crores

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            • #7
              Sowparnika eyes Rs 1,000 cr revenue by 2022---Plans Expansion to Trichy

              Affordable housing player Sowparnika Projects and Infrastructure hopes to double its portfolio to 10 million sq ft and touch Rs 1,000 crore in revenue by 2022, a top company official said.

              The Bengaluru-based firm, which currently has a portfolio of around 5 million sq ft across 27 projects, clocked revenues of Rs 230 crore in 2016-17.

              "Our focus is predominantly the southern market where the demand for affordable housing is quite significant. Being an affordable housing focused developer, we are looking at expanding our presence in tier 2 and 3 cities," the companys Managing Director Ramji Subramaniam told PTI here.

              Currently, the company has projects in cities like Thiruvananthapuram, Bengaluru, Mysore, Guruvayoor, Kottayam, Thrissur, Cochin and Coimbatore.

              It now plans to expand its presence to cities such as Chennai, Tiruchirappalli, Mangalore, Hubli, Dharwad, Calicut and Kannur.

              Subramaniam further said the company is also looking at launching its initial public offer (IPO) by 2022.

              "The dynamics of Indian real estate sector is changing with the renewed focus on affordable housing. We feel we are in the right market and at the right time. We are witnessing an improvement in investor sentiment and by 2022 we will launch our IPO," he said.

              Asked whether the company is planning to raise funds for expanding its portfolio, Subramaniam said, "We will raise through debt as and when required. It could be through NBFCs and/or from international funds. Since all our projects are done in-house from designing to execution, we are able to provide homes at affordable rates."

              source
              : https://www.indiatoday.in/pti-feed/s...325-2018-02-11

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              • #8

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