Top Builders in Tambaram

The real estate boost in Chennai brought with it a number of builders, developers and construction firms. There are some firms that were started with professional backup and run like corporate companies. You will also be able to find construction firms in Chennai that were started by people who are already in the construction business for generations. So, the company is run like a family enterprise. It doesn’t matter what type of company the firm is, what matters most is their reliability, performance and track record.

If you are planning to buy a constructed property in Chennai Tambaram, then check out these building firms. It is always good to go for a reputed firm that has completed a few projects in the city. Then you will be able to check out the track record of their previous projects to get an idea of how they work. Let’s take a look at five of the well-known builders in Tambaram area.

Amarprakash Developers

Established in 2004, this building firm has been actively involved in constructing huge apartment complexes in many parts of the city. One of the top building firms in the city, Amarprakash Developers Private Limited has many completed projects in its kitty. This firm believes in using advanced technology to deliver quality results to clients. Some of its current projects are The Royal Castle and Palm Rivera in Chrompet, The builder is also working on a huge project named Temple Waves in the same locality.

Brownstar Developers

With more than 2 decades of experience in the construction industry, Brownstar Developers have created many landmark destinations in the city. The construction firm takes care of everything from designing the residential building to getting all the relevant certifications and constructing it. Some of their completed projects include commercial and residential buildings in various parts of the city. Currently, this firm is constructing an apartment complex in Tambaram.

Adroit Urban Developers

Established by Gaurav Goenka, Adroit Urban Developers is one of the top builders in this locality. Originally from the garment industry, Goenka expanded into real estate and set up the construction firm. The company believes in providing high-quality results on time, every time. This builder has not just constructed buildings in Chennai, but in Coimbatore as well.

Agni Estates

Agni Estates is a real estate and construction company that was established in 1992. The years of experience have brought with it the knowledge and expertise to provide the best service to clients. Its current project in Tambaram is a huge apartment complex named Shree Lakshmi. This builder also has projects in Perungudi and Ambattur.

Pace Builders

Having constructed buildings over 10 lakhs square feet of lands and planning to construct on 20 lakhs square feet of land, Pace Builders is a popular building firm. The construction firm believes in using the state-of-the art equipment, specialized workforce and modern technology to ensure the best results are achieved. This Chennai-based property firm currently has two ongoing projects, one in Seliyur and the other in Tambaram. Pace Builders is also working on a project in Anna Nagar, Chennai.

South Chennai Sees Maximum Residential Building Projects This Year

Where there is demand, there is development. With a huge demand for residential areas in Chennai, places throughout the city have been sited with new projects. Among all the favored locations, the areas in the southern part of Chennai are seeing tremendous development. Localities such as Medavakkam and Pallikaranai are in the top of the list of targeted places.

The executive vice president and zonal head of DLF Home Developers Ltd, Mr. K. K. Raman shares his views about the development in south Chennai. He says," If you see the center of activities, south Chennai hogs all the limelight today. This will continue to do so, as the scope for growth in the region is immense." He also added, "Just 10 years back, Tambaram was considered as the end of Chennai but now thanks to the extensive transport facilities and numerous educational institutions, the region is one of the busiest areas of the city. With the introduction of metro, the real estate scene of South Chennai will undergo rapid evolution."

In the current year, about 60% of the residential constructions have taken place in south Chennai while the remaining was split between north and west. The Grand Southern Trunk (GST) Road and Old Mahabalipuram Road (OMR) have seen the maximum growth in the current year. Huge construction companies such as Akshaya and Purvankara launched their new projects in Pallavaram, Perumbakkam and Kelambakkam. With the city’s limit being extended farther, vicinities in south are more concentrated than the heart of the city. Just as the central and north parts are being crowded, it is only natural that the residential growth will be concentrated on the less dense southern parts of Chennai.

The growth of IT companies and industries is one of the prime reasons for this rapid and steady advancement. Blooming companies in Velachery, Madipakkam and other areas encouraged working professionals to settle down nearby. Entertainment and recreational amenities such as malls, theaters, clubs and resorts located nearby, allow families to spend time together on weekends. Presence of renowned hospitals, restaurants, banks and other essentials are added advantage. Furthermore, availability of excellent schools and colleges nearby make these areas suitable for families. Rich cultural activities with presence of famous temples, churches and mosques also make a strong case.

Excellent connectivity via roadways and railways provide an easy and smooth connection with the city’s interior. High frequency of buses, trains and recently added metro trains allow you to navigate through places with great ease. Peaceful environment and friendly neighborhood make them the much preferred localities real estate in Chennai.

Affordability even with high facilities in par with main city makes south Chennai a favorite among everyone. With the price value remaining reasonable, real estate companies are launching multiple projects targeting middle class people. Projects ranging from 25 lakhs to 1 crore will be perfect for families of any financial background.

To sum it all, with the future of industrial and domestic development concentrating on the southern part of Chennai, these areas will be experiencing exponential growth in residences.

Why north Chennai is beckoning home buyers

Real estate in Chennai is on more of a solid ground than its other metropolitan counterparts with the exception of Bangalore. The realty sector here is sheltered to a certain degree from the vagaries that plague the other markets. The market is driven by end users rather than investors and this is one of the reasons why the market here has remained relatively stable if not profitable. This is not to say that there aren’t any pockets of profitable investments available in the city. They most certainly are there and these micro markets are mostly in the northern part of the city.

North Chennai was once considered to be a not so ideal option to live in. It was mostly made up of blue collar workers and their families. There was little to no infrastructure present here a few decades ago. This is true of both civic and social infrastructure. But things have rapidly started changing for this part of the city in the last decade or so. The boundaries of the city are expanding to accommodate the ever growing demand for housing and affordable housing at that. Hence the northern parts of the city have gained favour among builders and end users alike.

There is huge demand for apartments in Chennai which are located in the northern micro markets. The southern and central parts of Chennai which are well developed come with a price tag which is not affordable to the common man. There are new developments happening in these areas as land availability here is very minimal. Hence the micro markets present here don’t attract as much attention from property seekers.

North Chennai is a completely different story altogether. There are large parcels of land which are available for cheap rates. The infrastructure here though not on par with the well-established localities is improving at a rapid pace. The social fabric of the northern localities is also changing with malls, restaurants, theatres and ATMs coming up at a rapid pace here.
An infrastructure project which is sure to hike up the real estate value of a property for sale in Chennai located in this part of the city is the extension of the Chennai Metro Rail project to Thiruvottiyur. The central government has already given its nod for this extension. The extension will begin from Washermanpet to Thiruvottiyur and cover a distance of about 9 km.

This extension will be highly beneficial to those who are living in this part of the city. Any area which has good connectivity is bound to have real estate appreciation. Besides bring in this appreciation to the localities in the north, this extension will also ease the congestion being experienced here in the near future.

Apartments in Chennai which are located in areas such as Kolathur, Ambattur, Madhavaram, Perambur and Avadi have been appreciating at a steady pace over the past few years. One can easily pick up a individual house for sale in Chennai located in the northern localities for around INR 4000 per square feet on average.

FAIRPRO ONLINE – The First True E-Commerce Property Buying Platform

In a day and age where a customer is seeking convenience and everything is going digital, IndiaProperty.com in association with CREDAI makes home buying available online. For the first time in the history of Indian Realty sector an industry body has allied with an Online Real Estate portal to take Chennai’s most awaited property expo CREDAI FAIRPRO 2015 online.  The three day mega online property booking starts on the 20th of February 2015 and ends on the 22nd of February. Click on the link to register and explore homes http://www.indiaproperty.com/fairpro2015/.

With 85 builders on-board FAIRPRO Online will give property seekers a true e-commerce platform for home buying by providing the widest range of properties available for online bookings. At FAIRPRO Online, powered by IndiaProperty.com all the participating 85 builders would have a wide variety of projects across Chennai on offer for online booking.  For the first time the online property bookings can also be made via mobile phones.

FAIRPRO Online is not just about convenience, it is also about giving customers exciting deals. CREDAI is offering a 2% interest rebate for the first two years of property purchase along with a brand new iPad Air for all the online and offline bookings made during FAIRPRO 2015.   
Property being a high investment and once in a life time decision was never thought to be sold online. But today it’s becoming a possibility with the improving technology which is enabling buyers to view the whole project online in detail. With features like TruView by IndiaProperty.com, a buyer can have a look at the aerial view of the project which will give him the flexibility to select and discover the tower, floor and even the unit of his choice. He can explore the project to the fullest via 3D Floor Plan and Virtual Tour. 
TrueView is a virtual representation of the project which gives an estimate of the true image of the home. One can also get various other information like the direction facing, vaastu/ Feng-Shui compliance of the property, offers on booking, payment schedule, possession date etc.
With secured payment gateways a buyer can pay booking amount online or choose to make payment offline by opting for a cheque or DD pickup. The offline payment option is an industry first initiative to make online bookings available to thousands of property seekers who either don’t have access to online payment or are hesitant to make one. This works like any other cash-on-delivery system and the cheque or DD would be collected by our executive within 24 hours.
FAIRPRO would no longer be limited to Chennai and will now expand to global audiences. With the combination of online and offline payment mode and availability on Mobile phones, IndiaProperty.com is taking CREDAI FAIRPRO to the next level and making wide variety of projects available at buyers fingertips. 

Ganesh Vasudevan, CEO IndiaProperty.com says, “IndiaProperty.com is proud to be chosen by an industry body like CREDAI to power their biggest property show online. Technology has enabled us to provide views that are so detailed that sitting at home one can explore a property in minute detail.  And with secured payment gateways buying property online is becoming a reality. It’s a great platform for NRI’s and Indian buyers who want to purchase a property in a different city.”
Sivagurunathan, Executive Committee Member -CREDAI and Advisor - FAIRPRO 2015 says, “Property buying has evolved over the years from being broker driven to being run by industry professionals. Representing a new era of home buying experience, our latest venture Fairpro Online is a landmark event in the history of the Indian real estate. Moving property buying online has been a natural progression and this was made possible with the platform and technology support provided by industry leaders- IndiaProperty.com. Property buying and reviewing is now accessible to buyers across the globe with state-of-the-art features like TruView, 3D Floor Plan & Virtual Tour developed by IndiaProperty.com. We believe that Fairpro Online will change the property buying experience in a big way!”

About IndiaProperty.com
India Property Online Pvt. Ltd., is the country’s leading portal in the online real estate space.  IndiaProperty.com offers one-stop property marketing solutions serving  builders, real estate agents and home owners, to sell or rent their properties, while offering a feature rich interface for property buyers to search and identify properties that match their requirement. India Property has pioneered several innovations such as Assisted Property - India's first online assisted buying service, Gruhapravesh - India's first series of virtual and offline property shows, 3D Virtual Tour and India's first augmented reality based Real Estate Mobile Application amongst others. The portal has over 5 million registered users with over 700000 property listings and 8000+ builders and agents using the platform to market properties.

Kelambakkam emerges as an affordable real estate hub in Chennai

Kelambakkam is an emerging micro market located on the Old Mahabalipuram Road.  It is surrounded by areas such as Padur, Kovalam, and Pudupakkam. This micro market lies in close proximity to areas such as Siruseri, Navalur and Uthandi. The Vandalur-Kelambakkam Road also passes through this locality making it easily accessible to localities on the Grand Southern Trunk Road like Vandalur, Guduvancheri, Tambaram and Perungalathur.

The area’s main draw lies in its location and the affordability of real estate available there. It is easily accessible through the OMR, GST and the East Coast Road. Since it is located on the Information Technology belt of OMR and is especially close to Siruseri which houses the SIPCOT Industrial Park, there is a lot of demand for properties here from those who are employed in this sector. There is also great demand for rental properties here because of the same reason. The rental rates here stand at INR 13 per square feet on average.

Flats for sale in Chennai located in this micro market fall squarely in the affordable category. The property rates for apartments locates in this micro market stood at INR 3700 per square feet on average in the first quarter of 2014. The prices had appreciated by about 11% when compared to the last quarter of 2013 when the prices stood at INR 3400 per square feet on average. In the second quarter of 2013 the asking price for apartments here stood at INR 3100 per square feet on average which was a drop of about 13% when compared to the previous quarter. The prices shot up by 71% in the third quarter of 2013 and stood at INR 5300 per square feet on average.

Chennai Real estate were priced at INR 4300 per square feet on average in the first quarter of 2014. This is a drop of a mere 3% when compared to the previous quarter when the asking price stood at INR 4500 per square feet on average. In the 2nd quarter of 2013 the asking price for villas in Kelambakkam stood at INR 7700 per square feet on average which was an increase of about 68% when compared to the previous quarter. The prices only dropped by about 1% in the next quarter and stood at INR 7600 per square feet on average.

The most sought after apartment configuration here are 2 BHKs. This is followed by 3 and 1 BHK flats for sale in Chennai located in this micro market. The most desired unit size for apartments here among buyers falls in the less than 500 square feet range. This is followed by the 501 and 750 square feet range and the 751 and 1000 square feet range. Buyers are willing to spend anywhere between INR 10 and 20 lakhs on apartments here. This is followed by the INR 20 to 30 lakhs range and the INR 30 to 40 lakhs range. The most ideal budget range for flats here falls below the INR 2000 per square feet range.

Why apartments for sale in Velachery are a good bet?

As far as real estate in Chennai is concerned the southern part of the city is a very popular destination for home buyers. Though most of the markets in this part of the city are saturated, these areas still remain high on a buyer’s list. The micro markets in the northern parts of the city and on the Grand Southern Trunk Road are catching up to the micro markets in the southern part of the city.
Independent homes in this locality were priced at INR 5600 per square feet on average in the 1st quarter of 2014 between April and June. This was a major drop of about 50% when compared to the previous quarter where the prices stood at INR 11300 per square feet on average. In the 2nd quarter of 2013 the going rate for homes here stood at INR 11500 per square feet on average. This was an increase of about 21% when compared to the previous quarter. In the following quarter the going rate for houses here stood at INR 15000 per square feet on average. This was an increase of about 30% when compared to the previous quarter. 

Apartments for sale in Chennai were priced at INR 6600 per square feet on average in the 1st quarter of 2014 between April and June. This was a drop of about 4% when compared to the previous quarter where the prices stood at INR 6800 per square feet on average. In the 2nd quarter of 2013 the going rate for flats here stood at INR 7600 per square feet on average. This was an increase of about 31% when compared to the previous quarter. In the following quarter the going rate apartments in Chennai located in this micro market stood at INR 12000 per square feet on average and this was a drastic increase of about 58% when compared to the previous quarter. 

Properties in Chennai are the most sought after. This is followed by 3 and 1 BHKs. The most in demand unit configuration for flats here falls between 751 and 1000 square feet. This is followed the 1001 and 1250 square feet range and the 1251 and 1500 square feet range. Buyers looking for apartments in Chennai located in here are willing to spend anywhere between INR 50 to 60 lakhs on them. This is followed by the INR 40 to 50 lakhs range and the INR 60 to 70 lakhs range. Buyers are willing to spend anywhere between INR 4501 and 5000 per square feet on flats here. This is followed by the INR 5501 and 6000 per square feet range and the INR 4001 and 4500 per square feet range. 

Since Velachery is located close to the Information Technology hub of OMR, it attracts a fair share of those who are working out of OMR. The area is well connected to most of the city and is also had a very strong social infrastructure. All these factors work in its favour.