DLF pre-leases 7.7 lakh sq ft space in Chennai to Standard Chartered GBS, Real Estate News, ET RealEstate

NEW DELHI: Realty major DLF‘s rental arm has given on lease 7.7 lakh sq ft office space to Standard Chartered GBS in an upcoming commercial tower in Chennai to be constructed at a cost of around Rs 450 crore, a senior company official said on Wednesday. DLF Cyber City Developers Ltd (DCCDL), which is a […]

Tamil Nadu’s deputy CM reviews TNHB projects in Chennai, Real Estate News, ET RealEstate

CHENNAI: Deputy chief minister O Panneerselvam, who holds the housing and urban development portfolio, on Tuesday reviewed projects executed by the Tamil Nadu Housing Board (TNHB) in Chennai. According to a press release, the TNHB is executing 40 self-finance housing projects comprising 26,903 (apartment) units, three residential cum commercial complexes, 38 plot development schemes, 22 […]

L&T Realty forays into Chennai commercial market, Real Estate News, ET RealEstate

BENGALURU: L&T Realty is betting on the southern commercial market, as the real estate unit of engineering conglomerate Larsen & Toubro plans to launch its maiden office project in Chennai. The 6.85 million sq ft project will be developed in four-five phases, two people aware of the matter said. “In the first phase, L&T Realty […]

Tenants sore as landlords refuse to return deposits, Real Estate News, ET RealEstate

CHENNAI: A couple of weeks ago, S Madhav received a ‘maintenance bill’ from the owner of his Chennai apartment, indicating the Rs 1.25 lakh deposit wouldn’t be returned. With Madhav and his cotenants in their native places due to lockdown, the owner began ‘maintenance’ work. “We were maintaining the flat very well. There was a […]

Tech companies lap up 12.55 lakh sq ft office space in Chennai, Real Estate News, ET RealEstate

CHENNAI: While some tech companies are surrendering their office spaces partially or wholly, some others including financial services giant BNY and global electronics company KLA Tencor have signed up real estate deals during the lockdown to enhance their city presence. Between April and August when the city was either fully or partially locked down due […]

Keppel Land and TVS Group’s realty arm to develop project in Chennai, Real Estate News, ET RealEstate

MUMBAI: Singapore‘s Keppel Land on Monday said it has entered into a joint venture agreement with TVS Group‘s realty arm to develop a freehold condominium project in Chennai. The company has partnered with Emerald Haven Realty, a TVS Group company, to pick up 49 per cent stake in the joint venture at a total consideration […]

Chennai Metro to construct 12-storey office and retail space, Real Estate News, ET RealEstate

CHENNAI: In less than two years, city residents could get to their workplace or shop and grab a bite before they hop onto a metro train as the Chennai Metro Rail (CMRL) will soon commence construction of a 12-storey office complex at Ekkatuthangal. Metro rail has floated tenders to begin construction of the complex which, […]

With tenants hard to come by, most posh villas along ECR empty, Real Estate News, ET RealEstate

CHENNAI: Poor demand from expats and the general drop in real estate demand triggered by the Covid-19 outbreak has hit the market for posh villas in the city, particularly those along the East Coast Road (ECR). People had invested in villas primarily to cater to expats working in multinational companies in and around Chennai. As […]

Amazon leases 2.8 million sq ft space in Bengaluru, Chennai & Mumbai, Real Estate News, ET RealEstate

BENGALURU: Amazon has leased about 2.8 million square feet of space in Bengaluru, Chennai and Mumbai to expand its offices in India as online customers shop more frequently and with larger baskets. The Chennai office will come up in the Brigade World Trade Centre. In Mumbai, it has signed a long-term lease agreement for space […]

1,000 buyers in fix as SBI puts clubhouse they paid for on the block, Real Estate News, ET RealEstate

CHENNAI: Around 1,000 residents of an apartment complex in Thirumudivakkam in the southern suburbs are in a spot, with State Bank of India putting up a club house on the premises for auction over a mortgage default. The residents paid Rs 1 lakh-Rs 1.5 lakh each for developing the club house as a common property, […]

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