Today Royal Elegancia in Sector 73 Gurgaon, Gurgaon


Today Royal Elegancia in Sector 73 Gurgaon, Gurgaon

Today Royal Elegancia is a beautiful apartment located in Sector 73 Gurgaon.Beautiful Apartment in Sector 73 gurgaon.An ultra-luxury abode with luxurious finesse & a vision of creating an unmatched address with world class amenities, Today Royal Elegancia is unveiling its masterpiece in the heart of Gurgaon. The 4BHK luxury apartment along with a guest lounge & servant quarter in 3 towers and 2 apartments in each floor is lined with top of the line amenities like club facility and all apartments over viewing greenery making it distinctive & the most sought-after residential address.

Today Royal Elegancia is a destination for the distinguished and the discerning in the true sense of the word. An entirely new evolution in pure luxury living.

today royal elegancia 25_pp_1

Property Type : Apartments / Flats

Bedroom : 4 BHK

Area : 3650  sq feet

Price : Rs. 2.59 crore

Today Royal Elegancia Features

  • Club House
  • Security
  • Lift
  • Gym
  • Swimming Pool
  • Recreation Facilities

I Know you are very much interested to buy this beautiful apartments view more details Here

 

 

 

Over-supply of Residential Projects on OMR


OMR (Old Mahabalipuram Road) in Chennai is considered as one of the most sought-after residential localities in South Chennai. The main backbone of this locality is the IT corridors and companies which are operational from here for around seven to eight years. Currently, the situation is very grim on the OMR stretch as it is facing over-supply of residential projects in old mahabalipuram road. The arrival of IT companies has helped the first stretch to develop in a fast-paced manner with lots of residential complexes being constructed and sold immediately. But, recently the pace of development has come down a bit as most of the buyers do not want to go beyond Sholinganallur.

Beyond Sholinganallur even though houses are priced at Rs. 3500 to Rs 4500 per sq ft there are not many takers. Places like Navalur, Padur and Siruseri have not been developed much due to the absence of social infrastructure like schools, hospitals, retail and entertainment options. Although buyers are reluctant to invest in these areas new projects are coming up as one can find huge land parcels at lower rates leading to an over-supply of residential projects.

Mr. Senthil Kumar, MD of Ganga Foundations states that presently there are around 25,000 housing units coming up on OMR and the fact that the total absorbing capacity of the city is only 40,000 units annually these numbers are definitely high. Moreover, professionals who want to reside near their workplace have started shifting to locations off the road that offer lower values in comparison to high prices on the first stretch of OMR (Sholinganallur).

Still, builders believe that as soon as the infrastructure development starts in the other parts of the stretch such as wide roads, water and electricity supply, investments will start pouring in from home buyers. But this will take at least 5 years to take shape and to encourage homebuyers to buy a property. 

For investors, it is a good time to invest in Padur, Siruseri and Navalur, as these are developing areas and given a time frame of approximately 5 to 7 years these localities will be one of the hot-spots of Chennai and will yield good returns.

Reasons to Invest in Chennai’s IT suburb Ambattur


Ambattur, once a village, has transformed itself into an industrial hub and IT hub. It is located in Thiruvalluvar district and is part of Chennai Corporation. The transformation is really remarkable for a place like Ambattur, which was known for its agricultural lands and extensive farming. The journey started in the year 1964 after the Ambattur Industrial Estate was set up, with companies like TI Cycles, TVS, Dunlop and Britannia setting up production units. The surrounding areas of this locality are: Anna Nagar, Mogappair, Pudur, Korattur, Red Hills and Thirumullaivoyal.

This locality is strategically located on the Chennai-Thiruvallur High Road or NH205 and is just 7 kilometres away from Chennai-Kolkata highway. The new Chennai Bypass road between Maduravoyal and Madhavaram passes through Ambattur Industrial Estate which connects with NH5 and NH205 via Ambattur. Connectivity is not a problem as such in this locality. The main modes of transport are by rail and road. The nearest rail station is Ambattur railway station which connects to the Chennai suburban network. Ambattur railway station serves the residential areas and Pattaravakkam railway station serves the Ambattur Industrial Estate area. Ambattur does not have a proper bus terminus despite being one of the biggest localities of Chennai. Lots of bus from Avadi and outskirts of Chennai pass through Ambattur providing a good connectivity to the residents. Due to the good connectivity and job opportunities, this locality is witnessing demand for flats in Ambattur.

Infrastructure:

Resident of Ambattur flats enjoy the good civic and social infrastructure like schools, colleges and hospitals. Some of the good schools in this locality are Ebenezer Marcus International School & Junior College, Sir Ramaswami Mudaliar Higher Secondary, Velammal School (CBSE and Matriculation), Ebenezer Marcus Matriculation Higher Secondary School, and St.Joseph Matriculation Higher Senior Secondary School. Colleges like Velammal Engineering College is located just 5 km away from Ambattur on the Ambattur-Red Hills road. Other good colleges surrounding this area are Annai Violet College of Arts and Science at Menambedu, Soka Ikeda College of Arts and Science for Women at Madhanankuppam, Benson College of Hotel Management and Culinary Arts. Good hospitals found in this residential hotspot are Sir Ivan Stedford hospitals, Rakki Hospital, Dr. Rabindran’s Health Care Centre Pvt. Ltd., BM Hospital, Ezhil Hospital & Physiotherapy Clinic.

Ambattur is surrounded by water bodies – the Ambattur Eri, Chithu Oragadam Lake and the bigger Puzhal Eri on the outskirts. With so many water bodies nearby, there is no shortage of good drinking water. This locality has a stormwater drain network of 177.95 km which prevents waterlogged roads in the monsoon season.

Industrial and Real Estate

Ambattur Industrial Estate is spread over an area of 1430 acres and companies like Britannia, TI Cycles of India, Dunlop, and TVS have their manufacturing plants in Ambattur. Media companies like Jaya TV, Vijay TV, Asianet and Kairali are part of this estate. Beside these, many IT firms started coming to Ambattur after 2000 as the commercial real estate price was low when compared to IT corridor in south Chennai. The IT companies who have already created a niche for themselves here are HCL Technologies, Dell, Tata Consultancy Services, Perot System and Royal Bank of Scotland (RBS). Workforce working in these companies and in IT parks like Ambit Park, Prince Info Park, India Land Properties are looking for apartments and plots in Ambattur for investment or for end use.

Builders seeing this great demand for properties in Ambattur are coming up with unique and affordable projects for the different segments. Some of the ongoing residential projects in Ambattur are: GN Stafford by VGN Developers, Kochar Pancheel by Kochar Homes Private Limited, Fomra Thiurbhuvan by Fomra Housing, BBCL Navarathina and BBCL Thejus by Bharath Building Corporation Llimited. Residents who are interested in plots can look at Sri Sai Sakthi Nagar. Some of the builders are providing amenities like library, indoor cricket with bowling, home theater, planetarium, food court, ATM, salon and clinic among others.

Price Trends for Residential real estate

Return on Investment has witnessed an increase of 2% q-o-q. The highest locality price for flats for sale in Ambattur is Rs. 4200 per square foot, average locality price is Rs. 4100 per square foot and the lowest locality price: Rs. 4000 per square foot. Residential land in Ambattur is witnessing a decrease of 9% q-o-q. The highest locality price being 25700 per square yard, lowest being 19300 per square yard and the average cost is Rs. 22500 per square yard. Commercial plot for 1200 square foot is priced at Rs. 20 lakhs to Rs. 25 lakhs.

Established rail network, bus routes and other means of public transport are definite boons to this locality. At a time when corporate are looking to cut costs and lower rentals, then Ambattur is the best place to be in and invest.

Perungudi in Chennai: Hotspot Property Destination


Perungudi –Location

Located in the Kancheepuram district of Chennai city, Perungudi is a residential suburb 10 km from the city centre. Bordered by the Perungudi Lake and the Old Mahabalipuram Road, Perungudi has improved a lot in recent times, owing to its close proximity to many IT/ITES companies. Neighbouring areas of Perungudi include Adyar, Thiruvanmiyur and Velachery. This region’s popularity has grown due to all these factors, and hence, real estate has been booming in recent times with the increase in sales of Perungudi flats.

Transport and Connectivity

Perungudi has very good transport facilities as there are various Metropolitan Transport Corporation buses connecting Perungudi with many important areas of Chennai. Trains are also easily accessible from the Perungudi MRTS Railway Station.
Perungudi

Private vans plying from Perungudi up to Adyar are also on the rise, which is a far easier mode of transport for the commuters of this locality. There are many proposed plans for starting new bus routes connecting the interior areas of Perungudi like Rajiv Nagar, Kamaraj Nagar, Elim Nagar and Telephone Nagar, etc.

Education & Hospitals

As it is an upcoming residential property destination, real estate in Perungudi has been on the rise. Accordingly, there has been an increase in the number of schools and colleges in its vicinity. Some of the educational institutions found in and around Perungudi include Bharath Dass Metric Higher Secondary School, Sacred Heart College Sathya Nilayam, Montfort Metric Higher Secondary School, Indira Gandhi Jayanthi Women’s College and Dhanraj Baid Jain College. Having excellent educational institutions attracts lots of investors, thereby increasing the number of new projects in Perungudi. Apart from these, there are many reputed hospitals found in this locality, some of them include Lifeline Multi-Speciality Hospital, C.M. Hospital, ESI Hospital, Selvam Hospital and Swati Dental Hospital & Implant Centre.

IT/Software Companies

Perungudi, once a small village, has now turned into an IT hub with many IT/software companies in its heart. Some of the prominent companies found here include Cognizant Technology Solutions India Pvt. Ltd., Ford Technology Services India, Capgemini, HCL ComNet Ltd., MELSS Automation Ltd, SM Metal Industries and Exemplar Worldwide Ltd., etc.

 

Apart from these, KG360 Business IT Park, Ascendas IT Park, IITM Research Park and RMZ Millennia Business Park are a few of the IT parks found in this locality. Owing to the proximity to so many IT and software companies, Perungudi has become one of the most preferred localities for software professionals; and this has, in turn, created a huge demand for more and more flats in Perungudi and its surrounding localities.

Residential Projects

The locality boasts all basic amenities like proper water supply, electricity etc., apart from being ideally located to prominent localities and having good transport. All of these factors have been advantageous for the huge growth in the sale of flats and villas in Perungudi. Many prominent developers have started their constructions owing to the huge demands in the real estate market of this locality. Some of them include Mantri Developers, Puravankara Projects Ltd., Ramaniyam, Indiabulls Real Estate Ltd., Appaswamy Group of Companies and Bhagyam Constructions etc. Some of the upcoming residential apartments in Perungudi include:

  • Doshi Oriana
  • Urban Atrium
  • Aashritha Flats
  • Pothigai Homes
  • Doshi Etopia II
  • Temple View
  • Green Acres Apartments
  • Rams Dwarka
  • Perungudi Hexagon

Real Estate Trends

The highest price of a residential multi-storey flat for sale in Perungudi is around Rs. 5520 per square foot and the lowest price is around Rs. 5095 per square foot. The average is around Rs. 5315 per square foot, and the return on investment has witnessed a decrease of 3% q-o-q in the month of June 2013. The average rental price for a commercial office space is around Rs. 40 per square foot.

Perambur: A New Horizon in North Chennai


A few years ago, ‘North Chennai’ evoked pictures of narrow roads, slums, trucks, pollution, congestion and poverty. Today, its position has completely changed – due to recent developments, people are flocking here to invest in apartments or independent homes. In Tamil, the term ‘perambu’ means bamboo and ‘oor’ is city or place.

It is located in the northern part of Chennai, just 4 kilometres away from Chennai Central Station. The locality is beautifully connected to all parts of Chennai via train and bus. There are three rail stations in its proximity – Perambur Railway Station, Perambur Carriage and Perambur Loco Works. The Perambur terminus is opposite Perambur railway station, from where buses ply to all nearby localities as well as to south Chennai. The newly-built Perambur flyover has reduced traffic congestion, and has come as a big relief for thousands of motorists in north Chennai. The neighbouring localities are Jawahar Nagar, Periyar Nagar, Thiru-vi-ka Nagar, Agaram, Jamaliya, Kolathur, Vyasarpadi, Vepery and the commercial hub Purusaiwalkam.

Perambur is associated with heritage buildings which symbolizes its historic link. The oldest music club, Perambur Sangeetha Sabha, got the opportunity to hold concerts by the famous M.S. Subbalakshmi and it still continues to hold concerts. Another historic building is the Unity House which is the epicentre for Southern Railway Employee Sangh.

There is no shortage of good schools in this locality. Don Bosco School, Vivekananda Vidhyalaya (CBSE), Gnanodhaya Vidhyalayam, Gnanodhaya Girl’s High School, SKNS PMC Vivekananda Vidyalaya, St Joseph’s Girls High School, St Thomas’ Primary School, Railway Mixed Hr. Sec. School, Kaligi Ranganathan Montford (Matriculation and CBSE) and St. Mary’s Group of Schools are all found nearby. There is no dearth of good hospitals either; one can find Abhijay Multi-Speciality Hospital, NR Hospital (orthopaedic care), and G.K Hospital. The renowned Railway Hospital in Ayanavaram is just a few yards away.

Due to the huge population of Anglo-Indians, it’s easy to find churches here. The most famous are Our Lady of Lourdes’ Shrine (over 100 years old) and Saint Gregory Church CSI Wesley Church (over 150 years old). Apart from churches, this locality also has many temples and mosques.

The newly built Spectrum Mall is attracting around 7000 visitors everyday as visitors can shop, entertain themselves, and eat under the same roof. With the opening of new outlets like Big Bazaar, Levis, Health and Glow, Giny and Joni, Max Fashions and the S2 Cinemas, this place has become a must-visit in Perambur. Famous sweet brands like Krishna Sweets and Grand Sweets have set up their outlet here. The ICF Railway Museum is a visitor’s delight.

Perambur is not only a major railway hub in Chennai because of ICF but also due to a number of express/super-fast trains having stops. Perambur is regarded as the fifth-largest station in Chennai in terms of passenger volume. Employees working in railways are looking for affordable and comfortable flats for sale in Perambur.

Having a range of good schools and hospitals, with good connectivity to major localities and shopping centres in Chennai, this place is gaining momentum for the Perambur real estate business. Another reason is that the employees of IT firms with offices operating at Ambattur and staff working in the Minjur-Manali industrial belt are are ready to occupy the apartments in Perambur. Builders in Perambur who are constructing homes are Arihnat North Town by Arihant Foundations, Sri Subhalakshmi, Sri Amrutha Lakshmi and Sri Varalakshmi by Srivarie Foundations, Anushri and Gayathri by Ganga Foundations. Srivarie and Ganga Foundation are the oldest leading builders in this location. Seeing the demand and growth of the area, other builders are also flocking here and are interested in constructing apartments which are pocket-friendly.

The average price of flats in Perambur is Rs. 5169. Rental apartment may cost Rs. 12 per square foot. For commercial space in Perambur, average rent may cost approximately Rs. 2.5 to 3 lakhs per month.

Mangadu – Peaceful and Affordable Abode


Mangadu is located in Kancheepuram district and is just 20 kilometres away from the city. Mangadu means ‘mango forest’. The town is famous for the Kamakshi Temple, where devotees come from all over the city to offer their prayers. According to history, Sri Adishankara visited this temple and placed the Ardha Mahameru Yantra. The surrounding areas are Poonamallee, Porur, Kundrathur and Tiruverkadu.

Connectivity

This locality is connected to other parts of city via roads. Buses operating from Tambaram, T. Nagar, Broadway and Koyambedu Market go to Poonamallee and Avadi via Mangadu. The other mode of transport is share autos which are in high demand here. The nearest railway station is Pallavaram Railway Station, which is around 11 km away, and Chennai International Airport is 13 km away from this locality.

Education and Entertainment

Beside the famous Kamakshi Temple, one can also find Velleeswarar Temple and Vaikunda Perumal Temple in this locality. This locality also shares space with some good schools and colleges. They are Newman Central School, Bharath Madeena Metriculation School, Government Higher Secondary School, St Joseph’s High School, Sarojini Varadappa Girls High School, Padma Subramanium Bala Bhawan High School and Christ Matriculation School. Meenakshi College of Engineering, Sri Muthukumaran Arts & Science College, Sri Muthukumaran Institute of Technology and Sri Muthukumaran Polytechnic College, Sri Muthukumaran Medical College Hospital and Research Institute and Saveetha Medical College are some of the prominent educational institutions near Mangadu.

Shopping for daily needs can be done at supermarkets like Pure and Sure, Guna Supermarket, Heritage Fresh and Nilgiris in Porur. For entertainment you have Kishkinta Theme Park, which is just 15 km away from here.

Real Estate

The proximity to Porur, Kundrathur and also to DLF IT Park (10 km) has brought Mangadu to the real estate map. Builders are flocking to buy plots in Mangadu to construct residential apartments and commercial buildings. Employees working in DLF IT Park are looking for residential apartments as the prices are affordable and also for land for sale in Mangadu which can be used for investment purposes. A number of residential projects have cropped up in Mangadu. Some of them worth mentioning are Oyster Sai Krupa by Oyster Homes, Marya by Credence Life Spaces, and Green Court by Inland Realtors. The average rate of an apartment in Mangadu is Rs. 3500 per square foot and the residential plots for sale in Mangadu will cost between Rs. 2500 to Rs. 3500 per square foot. There is a high demand for 2BHK flats in Mangadu. The average rent for a month can be Rs. 6000 to Rs. 9000 depending upon the area. Residential land, depending upon the facilities, can be priced at Rs. 1500 and above.

As the price for Mangadu plots are appreciating, considering the fact that it’s near DLF IT Park and places like Porur and Poonamallee, the people investing here can yield good returns in the coming years.

Madambakkam: a haven for middle-class sections


Madambakkam, away from the hustle and bustle of the city, is a place where one can still find peace, clean air and pure water. Located in the southern part of Chennai, this is a panchayat town in Kancheevaram district and is just 5 km away from Tambaram. One of the major attractions of this place is the ancient Dhenupureeswarar Temple, which attracts worshippers from all over the city. Madambakkam was also known as Dhenupuri which means ‘a place that provides for all your needs’.

The locality is connected to Tambaram via share auto and MTC buses. The buses which pass through Madambakkam go to villages like Mappedu, Nuthachery, and Vengaivasal. The nearest rail station is Tambaram Railway Station, which is the main mode of transport for the residents of Madambakkam. The Madambakkam High Road, which connects Tambaram to OMR Medavakkam Junction, is the gateway to the IT world; thus the increased demand for Madambakkam flats. The area is surrounded by Tambaram, Velachery, Gundavancheri and Chitlapakkam.

Reputed schools like Kendriya Vidyalaya, Zion Matriculation Higher Secondary School, NSN Matriculation Higher Secondary School, Loyola Matriculation School, St. Marks Matriculation School and Mayfield Residential School are in neighbouring localities. One can find a hub of engineering colleges near this locality, like Bharat Engineering College, Sairam Engineering College, Dhanalakshmi College of Engineering, Jerusalem Engineering College and Sri Lakshmi Ammal Engineering College. Madambakkam plots are in demand to create hostels and labs for these engineering colleges. Apart from schools and colleges, there are good restaurants in neighbouring areas like Tambaram and Velachery.

Real Estate Growth

After the inception of Mahindra City, MEPZ and Sriram IT Park which host multinational companies like Infosys, Cognizant, Capgemini, Wipro, Sanmina, HCL, Covansys, CSC Corp, HTC, Accenture, Mobius, Redington and Mahindra Satyam among others, this area has come to the attention of builders in Madambakkam. Another reason for the real estate growth is that there is no shortage of water – ground water is available at a depth of 10 feet. The serene beauty and neatly-laid roads add to the advantage and encourage investors to invest in flats in Madambakkam. The builders in Madambakkam who have already established themselves are MK Constructions, Lakshmi Constructions, Priyanga Constructions and Kaaninilam Real Estate. One can find row houses and apartment cropping up in this area. Few of the ongoing projects in this locality are Kgeyes Samyukta Courtyard by Kgeyes Residency, SPS Brownstar Apartments by Brownstar Developers, Sri Sai Nest and Gayatri Garden by Sridevi Builders.

The average price for a flat for sale in Madambakkam may cost approximately between Rs. 3700 – 4500 per square foot. The plots for sale in Madambakkam are priced at Rs. 1250 to 3500 per square foot depending on the facilities. Rent for an apartment is between Rs. 8-10 per square foot.

Considering the rates, this locality continues to be a haven for middle-class sections who can afford to purchase a property, taking into account the infrastructure and the proximity to the IT corridor.