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Latest Property News in and Around Chennai

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  • Re : Latest Property News in and Around Chennai

    Residential rentals still high in Chennai, suburbs


    Yogesh Kabirdoss / TNN / Updated: Jun 1, 2021, 08:52 IST



    In 2020, OMR was the worst hit in the residential rental segment.


    CHENNAI: Despite the lockdown and closure of businesses, residential rentals in the city and its suburbs remain high. This is in contrast to 2020 when rentals plunged due to an exodus, sparking landlords to offer discounts to woo tenants.

    A year on, apartments complexes have largely not been vacated and with demand for housing between January and April up, residential rentals have risen to pre-Covid levels.

    Stakeholders say residential rentals have not fallen since September 2020 unlike commercial rentals that have been hit following business establishments shutting down. An online real estate portal has found that the movement of people from Chennai to their hometowns has marginally impacted the occupancy rate in the city, but the situation is better on the outskirts.

    TNRERA registered real estate agent Mohan Kartha said many people were holding on to their apartments. “They do not know the environment of prospective new flats and neighbours. I know of cases where tenants are re-negotiating with landlords to continue in the same flat,” he said.

    K Chandrasekar of a city based property management services firm, which maintains about 500 rental properties in the city including about 100 on Old Mahabalipuram Road (OMR), said the demand for 2 BHK flats remains stable. “Not even one property that we maintain got vacated on OMR and the situation is same in the rest of Chennai. The reason being tenants believe the current lockdown is a temporary phenomenon,” he added.

    In 2020, OMR was the worst hit in the residential rental segment.

    Online real estate portal NoBroker.com said the average movement to the city outskirts was 18% early this year and rose to 35% in April. “Family tenants moved to the outskirts for larger living spaces and less crowded environment, after things returned to normalcy in February-March,” it said in an email.








    Residential rentals still high in Chennai, suburbs | Chennai News - Times of India (indiatimes.com)
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    • Re : Latest Property News in and Around Chennai

      Amid the lockdown, Metrowater launches major cleaning drive

      P Oppili / TNN / Jun 2, 2021, 09:09 IST


      CHENNAI: Metrowater is using the intense lockdown to clean up manholes across nearly 510km of city roads.

      Usually, Metrowater would have to seek permission from the corporation, police and other agencies to reroute traffic from the stretch for sewage manhole cleaning or desilting work. Anna Nagar alone has 1,321 manholes located on bus route roads. Apart from this, another 10,006 manholes are located on non-bus route roads.

      With the lockdown ensuring that the city is traffic-free, the department can easily do the work without much difficulty, a senior Metrowater official said. The work will not affect road users in any way.

      Metrowater has planned to complete desilting work in all 15 areas within a week, he said. A total of 28 desilting machines and 18 jet rodding machines will work 24x7 for a week to clear the manholes of any blocks and remove the sludge from it, the official said.

      The main objective of this massive cleaning operation is that with the summer season nearing its end, the city will soon receive rain, which will leave residents battling flooding and water stagnation. Metrowater is working fast to avoid these problems, the official said.

      “We want to complete the desilting work within a week. Otherwise, it will be difficult to take up such a massive work across the city. Till now, this kind of work was done only when there are complaints of sewage overflowing,” the official added.










      Amid the lockdown, Metrowater launches major cleaning drive | Chennai News - Times of India (indiatimes.com)

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      • Re : Latest Property News in and Around Chennai

        Chennai to get Krishna water before mid-June

        P Oppili / TNN / Jun 3, 2021, 14:10 IST


        The arrival of Krishna water will be a boon and it can be stored in Poondi reservoir, without much difficulty, added PWD officials.

        CHENNAI: The city’s water supply is set to be augmented, with Krishna water from neighbouring Andhra expected to reach zero point in Tamil Nadu within the next10 days.

        A senior public works department (PWD) official said the Andhra Pradesh government had agreed to release water but, was yet to finalise the date. “We expect it to happen between June10 and15. A week later, water will reach zero point and subsequently to the Poondi reservoir,” said one official.

        At present, officials in that state have blocked the flow from the Kandaleru reservoir at the state border itself, diverting it for farmers there.

        The Kandaleru reservoir now has 45 tmcft (thousand million cubic feet) against the full capacity of 68 tmcft, a comfortable level that allows the state to release water to Tamil Nadu, said the official.

        With the flow in the Krishna water canal stopped, PWD authorities in TN have taken up repairing certain portions of the canal that were damaged after the rain last year. They had identified an 8 km stretch along which the repairs need to be undertaken.

        With more than 25% of the repair work completed, the rest will be put on hold once the water is released. A senior official said: “Before the release of water from Kandaleru reservoir, we hope to complete nearly 50% of the work. The rest will be completed later.”

        The Poondi reservoir in Tiruvallur district, one of the five supplying Chennai city, is the culminating point for Krishna river water before it flows through an open canal into the reservoir at Red Hills. At present, the Poondi reservoir has 413 mcft (million cubic feet) of water, which is 12.78% of the total capacity of 3,231 mcft.

        The arrival of Krishna water will be a boon and it can be stored in Poondi reservoir, without much difficulty, added PWD officials.










        Chennai to get Krishna water before mid-June | Chennai News - Times of India (indiatimes.com)
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        • Re : Latest Property News in and Around Chennai

          For greener future, need to work together, be accountable: Experts

          Jun 7, 2021, 04:43 IST

          Chennai: There’s no better time than now, as we start over after the pandemic, to set right years of ecological degradation and environmental destruction. Keeping up with the theme for UN Decade of ecological restoration, The Times of India, in association with Nippon Paints India and SSVM Institutions, organised a webinar on World Environment Day with a panel of experts discussing ways in which this goal could be achieved.

          "Post the pandemic, the quantum of medical waste generated, and the ways to treat it, are likely to emerge the immediate biggest causes of concern," said Arun Krishnamurthy, founder, Environmentalist Foundation of India. "While saving lives and protecting frontline workers will be of utmost priority, we must be careful that toxic waste generation and poor disposal don’t land us in bigger danger. The amount of non-biodegradable trash generation in every household increased by 18%-22% in the past 16 months due to packed goods and package material being procured," he said.

          Arun also said the hardship of the pandemic could inspire steps towards effective sanitation and waste management, much like how the GCC helped restore 268 water bodies in the city, while recovering from the 2015 floods.

          The panelists also spoke about how the pandemic has demonstrated that long-standing consumption and lifestyle patterns could be altered, and lead to positive changes in the form of reduced carbon dioxide emissions. But they also pointed out how with the reopening of cities, these changes could be fleeting and stressed on the need for long-term transformation.

          "In India as we don't pay our sewage and garbage bills, the government has few options to dispose of them and they land up in our sensitive ecosystems," said Niyati Sareen, project director, Water and Education, Hinduja Foundation. "People must be held accountable."

          Mahesh Anand, president, Decoratives, Nippon Paint India said one of the ways big companies could bring about change was by adopting smaller MSMEs and ensuring they followed the rules. "As all our products are GreenPro certified, we take the effort to educate our suppliers of raw material, to make their products GreenPro certified as well. This is one way the manufacturing industry can ensure its processes leave minimal footprint," he said.









          For greener future, need to work together, be accountable: Experts | Chennai News - Times of India (indiatimes.com)
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          • Re : Latest Property News in and Around Chennai

            Chennai corporation turns attention to infra projects


            Siddharth Prabhakar / TNN / Jun 9, 2021, 09:13 IST


            Corporation commissioner G S Bedi accompanied officials on field visits and reviewed many projects including T Nagar skywalk


            CHENNAI: The number of active Covid cases in the city is steadily declining and Greater Chennai Corporation has begun preparations to resume major infrastructure projects.

            Over the past two days, corporation commissioner G S Bedi accompanied officials for field visits and surveys, reviewing several projects including T Nagar skywalk, Villivakkam-Kolathur railway over bridge, relaying of 2,000 bus route and interior roads and storm water drains, officials said.

            Most of these projects were stalled due to Covid-related reasons. For instance, relaying of roads and storm water drains is manpower intensive and after the lockdown announcement a month ago, workers returned to places like Gingee and Villupuram, an official said. “Work will restart next week as these workers return. Contractors have started prepping machines,” the official said.

            The T Nagar skywalk project, which links Mambalam railway station to T Nagar bus terminus, was stalled due to the oxygen required for welding work. “There was a huge oxygen shortage in the city and many patients were struggling. So supply of industrial oxygen was not available,” a civic body official involved in the project said.

            Now that oxygen issues have been rectified, work will restart. “We want to ensure passengers are able to use the skywalk at least on Pongal,” an official said.

            Since Kolathur is chief minister M K Stalin’s constituency, the much-delayed Villivakkam-Kolathur over-bridge assumes greater importance now. “Southern Railway has finished its portion of work. On the Villivakkam side, land has been obtained from Integral Coach Factory, drains have been laid and a service road will be made. However, on the Kolathur side, issue of encroachment removal was discussed,” said an official. This work is likely to to be completes in six to eight months.

            Other important projects that are likely to restart soon with full vigour include restoration of Victoria Hall, Mambalam canal restoration and Villivakkam lake restoration. The civic body is likely to use the tagline ‘Singara Chennai 2.0’ for some projects, sources said.

            Top corporation officials, however, are also worried about the impact of a possible third wave on the infrastructure projects. Bedi is likely to call for a planning meeting regarding this in the next few days, sources said.












            Chennai corporation turns attention to infra projects | Chennai News - Times of India (indiatimes.com)
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            • Re : Latest Property News in and Around Chennai

              Chennai: As lockdown eases, Chitlapakkam residents hope lake is restored before monsoon

              Written by Shivani Ramakrishnan | Chennai | Updated: June 10, 2021 9:43:18 am

              Chitlapakkam lake. (Image: Chitlapakkam Rising)

              It has been two years since the desilting work of the 100-year old Chitlapakkam lake in Chitlapakkam near Chennai began. The project, which was kickstarted by the Public Works Department (PWD) with much fanfare in June 2019 following a green signal from the state Water Resources Department (WRD), was halted last year owing to the COVID-19 outbreak, the subsequent lockdowns and Cyclone Nivar.

              With restrictions having eased across the state since Monday, residents of Chitlapakkam and volunteers from Chitlapakkam Rising are now hopeful that the lake will be restored to its glory before the onset of the monsoon this year. Chitlapakkam Rising, formed in 2014, is a 5000-strong volunteer group that works on civic programmes such as cleaning up of roads and lakes, Right to Information (RTI) queries and monitors government projects.

              Also Read |Chennai’s Chitlapakkam lake revival model holds key to fight water crisis
              “It is unfortunate that the pandemic hit us and work on the lake was halted. While officials did try to bring in workers from time to time to carry out the work last year, it slowed down this year amid the second wave,” Sunil Jayaram, one of the core volunteers with Chitlapakkam Rising, told Indianexpress.com.

              Following the relaxation of lockdown in Chennai, Jayaram said a few vehicles were seen by the lake on Monday for the restoration work. “One of the officials with the Public Works Department (PWD) assured us that the lake will be desilted by August this year. However, looking at the pace of work, I am not sure,” he added.

              The cobblestone pathway along the lake is inlaid with red heart designs. (Image: Chitlapakkam Rising)

              Every time the desilting work is halted due to rains, officials are forced to drain the lake before starting all over again. “Even this year, officials had to drain the water accumulated in the lake from the brief showers received last month before continuing with desilting,” Jayaram said.

              The volunteer said that the restoration of the lake could have been completed in 2020 given the amount of funds allocated for the project.

              Jayaram said that about 50-55 per cent of work has been done on the lake so far. This includes building an island in the middle of the lake to serve as a haven for birds and cobblestone pathways on the perimeter for the young and the old to to enjoy a stroll, go for a run or cycle around the lake.

              Also Read |Chennai: Desilting of Chitlappakkam lake resumes after minor hiccups
              “There is still about 45-50 per cent of work left, including desilting, landscaping and creating entrances, to make the lake accessible to residents. We also have to strengthen the island to ensure that there is no soil erosion”, he said.

              Jayaram said that work on the lake was severely impacted during rainfall brought by the onset of Cyclone Nivar in November last year. “We had to open up all the canals to let the water in which eventually entered the lake. This affected the desilting process and would not have happened had the work been completed well ahead,” he added.

              Jayaram said a sluice gate should also be constructed at the inlet to ensure that garbage is not accumulated into the lake. Volunteers from Chitlapakkam Rising used to patrol the lake everyday before the pandemic to oversee the desilting work and remove garbage that get accumulated near the storm water drains.

              This, Jayaram said has been reduced to occasional visits following the ‘Stay at Home’ order by the government. “However, people who visit the lake still throw garbage. We hope that this will stop once the lake is beautified and CCTV cameras are installed to deter this”, he said.

              The island in the middle of the lake which has been built as a haven for birds. (Image: Chitlapakkam Rising)

              While residents of Chitlapakkam were forced to use water from tankers in 2019 when Chennai faced a water shortage, Jayaram said given the amount of rainfall received last year, most of the residents relied on the groundwater from their individual borewells for water except for a few apartment complexes. “The lake was full last year as well so I think it had a role to play in raising the water table,” said the volunteer.

              With the change in government this year, the group is hopeful that the work will not be impacted given that the funds for the lake restoration project were already allocated under the previous AIADMK government. “The DMK government had promised the restoration of water bodies in their election manifesto. So we are hoping to bring our lake’s project to their notice. While there has been no hindrance from the new government, we have not seen much action on the ground either”, said Jayaram.

              Once we are past the pandemic, Jayaram said the government should focus on restoring waterbodies across the state on a war-footing and ensure that there is no water crisis.

              Jayaram said he is hopeful that work will be done before the onset of monsoon later this year. Tamil Nadu usually receives moderate amount of rainfall from the Northeast monsoon every year.

              With the construction of an amphitheatre on the lake gaining pace, residents are hoping to celebrate its restoration on a grand scale after the pandemic. The Chitlapakkam Lake Day was celebrated on June 2 this year over Zoom to commemorate two years of commencement of the lake restoration project.










              Chennai: As lockdown eases, Chitlapakkam residents hope lake is restored before monsoon | Cities News,The Indian Express
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              • Re : Latest Property News in and Around Chennai

                About 4,600 property deals registered in Tamil Nadu on reopening day

                While about 2,400 registrations happened at till 1.30pm, it increased to 3,000 around 3pm and ended a little more than 4,600 by the end of the working day.
                CHENNAI: About 4,600 property deals were registered across the state on Monday, almost a month after sub-registrar offices were reopened. However, it was just one-third of the average number of such registrations recorded every day before the total lockdown came into effect, but still more than expected.

                This time, the government has capped the number of property registrations to 50% of the usual volume. Officials in the department said that the number of registrations was higher than the expected volume.

                While about 2,400 registrations happened at till 1.30pm, it increased to 3,000 around 3pm and ended a little more than 4,600 by the end of the working day.

                Noting that the registrations were more in the urban pockets of the state, a senior official said that the number would have hit 10,000 had private and public transport facilities been available. “We expected fewer number of registrations, but the final figure was more than our estimation,” an official said.

                The registration department allowed every sub-registrar’s office to issue a maximum of 50 tokens. While there are 575 sub registrar offices across Tamil Nadu, a total of 28,750 tokens were permitted.

                “On an average, we used to record 14,000 to 15,000 land registrations on a daily basis before the lockdown. On Monday, the number of registrations could not be on a par with the numbers in the pre-lockdown period because people are yet to come out for registrations as in the past,” the official added.

                The government had already issued the Standard Operating Procedure (SOP) for the sub-registrar’s offices that had resumed operations on Monday, after being closed on May 10 as part of measures to control the spread of Covid-19 during the second wave.










                About 4,600 property deals registered in Tamil Nadu on reopening day, Real Estate News, ET RealEstate (indiatimes.com)


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                • Re : Latest Property News in and Around Chennai

                  Singara Chennai 2.0: Project Blue could soon transform city's beaches

                  Ideas were also floated for a water fountain on the Adyar river, visible from the Western side of the Thiru Vi Ka Nagar bridge.

                  Published: 12th June 2021 06:55 PM | Last Updated: 12th June 2021 06:55 PM | A+A A-
                  Children indulging themselves near Marina Beach. (File Photo | EPS)

                  CHENNAI: As part of the city corporation's 'Singara Chennai 2.0' initiative, the city's beaches may soon get a makeover under the 'Project Blue' project.

                  According to a corporation official, introducing beach vending carts was one of the proposals along with creating a shady and calming pathway along the service road for walkers and joggers.

                  With inclusivity being a major part of the project, enabling access for Persons with Disabilities to the waves and setting up viewing decks will also be a part of the beach development project, said officials.

                  Along with this, ideas were floated for a water fountain on the Adyar river, visible from the Western side of the Thiru Vi Ka Nagar bridge.

                  "We are still in the process of discussing ideas and their feasibility. Ideas from various departments were encouraged during a recent meeting to discuss proposals," said a senior corporation official.

                  A meeting was held last week with the Corporation Commissioner Gagandeep Singh Bedi and senior engineers from the Works department of the city corporation.

                  Apart from beach beautification schemes, the project will also involve heritage, culture, education and health aspects of the city infrastructure. New parks, construction and renovation of flyovers and subways will be an integral part of the renewed project, said corporation officials.

                  The Singara Chennai initiative was originally introduced by Chief Minister MK Stalin when he was city mayor during 1996-2001. He later said in 2010 that he was able to achieve only 50% of his vision for this project and beseeched M Subramanian, the then Mayor, to continue the project with public cooperation.















                  Singara Chennai 2.0: Project Blue could soon transform city's beaches- The New Indian Express


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                  • Re : Latest Property News in and Around Chennai

                    Door-to-door garbage collection: Greater Chennai Corporation creates anthem

                    Komal Gautham / TNN / Updated: Jun 13, 2021, 14:47 IST

                    CHENNAI: The Greater Chennai Corporation has created a civic anthem that would wake up the residents from Monday onwards and alert them about the arrival of sanitary workers who do door-to-door garbage collection.

                    A song -- "Namma ooru, semma joru... Singara Chennai – will now replace the now-familiar long-whistle of conservancy workers. This song was sung by a sanitary inspector’s son.

                    "This idea was developed to bring a sense of satisfaction for the workers and also motivate citizens to follow norms such as segregation by instilling the pride of the city in them. This will motivate them to keep the streets cleaner, we believe. Also, listening to a song instead of the usual whistle in the morning will ensure the residents are also a happier lot," said a senior official.

                    Apart from this, the civic body has begun cleaning and revamping city parks and the first one that was completed during the lockdown was the Anna Nagar tower park that has been spruced up with paintings, public address system, new toilets and better seating facilities.











                    Door-to-door garbage collection: Greater Chennai Corporation creates anthem | Chennai News - Times of India (indiatimes.com)
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                    • Re : Latest Property News in and Around Chennai

                      Madras HC denies relief in plea to reclassify land parcels in Tirunelveli

                      The court said that it is not inclined to pass any direction on the commissioner’s resolution for reclassification, on the ground that it is a matter where policy decision has to be taken by the government.
                      MADURAI: The Madras high court on Monday took a serious view over the manner in which the commissioner of Tirunelveli Corporation had dealt with unauthorised constructions at Palayamkottai by classifying certain areas as continuous building area and economically weaker section area.

                      The court said that it is not inclined to pass any direction on the commissioner’s resolution for reclassification, on the ground that it is a matter where policy decision has to be taken by the government.

                      The court was hearing a public interest litigation filed by S Bala Vignesh seeking to implement the resolution passed by the commissioner dated March 7, 2019.

                      A division bench of Justices T S Sivagnanam and S Ananthi observed that it is not clear on what basis such a resolution was passed by the commissioner. The reclassification of an area by making it as a continuous building area or an economically weaker section area are policy decisions which are to be taken by the government. There are several factors which have to be taken note of before a decision is taken.

                      The judges said that furthermore the provisions of the Tamil Nadu Town and Country Planning Act also provides for a detailed procedure in this regard. The prayer sought for by the petitioner is premature and based on his representation the court cannot compel the authorities to take action. Unless the government takes a decision, reclassification cannot be done.

                      “The reclassification of an area as continuous building area would ensure to the advantage of certain residents who genuinely want to put up construction within the permissible limit. Equally, it would pave the way for persons to further violate and make illegal constructions. In fact, there would be very many cases where applications would be made for regularisation of the construction made earlier on the ground that the area has been reclassified as continuous building area,” observed the judges.

                      The judges said that it is left open to the petitioner to pursue his representation in accordance with law and disposed of the petition.












                      Madras HC denies relief in plea to reclassify land parcels in Tirunelveli, Real Estate News, ET RealEstate (indiatimes.com)
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