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Home Buying Tips | Real Estate Investment Tips

Feb 21

Stellar Investment Opportunity of 2019 – Million Carats

Why Padur is the ideal spot for your investment?

Million Carats, the latest state-of-the-art apartments in OMR is presented by Urbanrise (a group company of Alliance Infrastructure) is all set to launch at Padur, OMR. Compared to the already peaked property prices along the OMR road, Million Carats offers Gated community flats for sale in OMR at unheard and unmatched benefits making it an ideal investment opportunity for everyone.

OMR stretch has now become one of the fastest growing regions of Chennai in the recent years.  With over 3+ lakh jobs in the IT and allied sectors already it is poised to double in the next 3 years. There are over 150+ top companies operating in the OMR stretch. Compared to the other areas, Padur is one of the most promising localities of OMR where the possibilities of finding a dream home with better rental returns are always present.

Besides that, the real estate investment in this area is said to have better appreciation value both in the long and short run as it attracts more home-buyers due to the following reasons:

1, The Potential for Property Appreciation

Padur being one of the valuable localities of Chennai is surrounded by IT parks and business hubs, which makes it an ideal residential destination for the direct and indirect employee base. Besides, the current property prices are also economical which makes it a perfect investment option for those wanting to gain maximum price appreciation as this region is slowly developing into a full-fledged hub.

2. Income Tax Benefits

When you buy an apartment in OMR, you not only enjoy the benefits of gaining passive income from your property but also get to save a lot in the form of Income Tax Benefits under the sections like 24B and 80EE, which ensures that you optimize on the pre-tax deductions.

3. Ticket Cost

Padur (The perfect destination for your dream OMR property) is one such location where property value is priced at lower rates compared to the homes at other places on OMR. With the advent of aspirational homes under the Urbanrise brand, homes are nowhere near the 70+ lakhs that typical homes are priced on most parts of OMR. Instead, buyers are choosing multiple units – one for their use and a few more for investment and renting. Given the rental rates are high because of growing demand, their asset base is self-sustaining as well as easier to dispose of for resale whenever the need arises.

4. Recognized Residential Hub

Padur, where Million Carats is located at, used to be a growing industrial hub earlier. Now it has transformed into a residential hub. offering the following benefits like:

  • Unparalleled connectivity to Siruseri SIPCOT IT Park ensures that you have a perfect work-life balance.
  • Presence of wholesome recreational activities along with entertainment and leisure ventures like movie theatres and shopping malls for a perfect getaway experience.
  • Quick and seamless connectivity to Mahabalipuram, Muttukadu lake and Pondicherry.

5. NRI Investment

If you are an NRI and want a perfect investment option in real estate, then Padur is your ideal destination. Take a deep look at the below points, to know how rewarding your investment can be:

  • Great Price: Spacious homes with the lowest price within a radius of 15 km, makes Million Carats the first and only aspirational homes in the vicinity
  • Great Returns: A great investment opportunity to earn 7-8% rental returns which are higher than the current Chennai Market
  • Great appreciation Value: Most numbers of Apartments in Padur is sure to have 100 % increased land and capital appreciation in 4-6 years

6. Great Location

Excellent connectivity and Social Infrastructure is making Padur the next emerging giant residential hub of OMR belts and a well established IT corridor.

7. Relatively Low Maintenance Cost

Apartments in Padur are well known for its low maintenance cost without compromising much on space and convenience. Overall, your monthly maintenance costs are 30% less compared to the similarly sized project in this area.

8. A Great Gift

If you are a person who wants to gift for personal or tax reasons, either to parents or for your children,  gifting them a home at Padur which can redefine their lives in the future.

9. Rent vs. EMI

No matter how big your home loan is or your EMI payments are, the returns you get in the form of rents will compensate all your spend on your home.  If you end up living in this investment, you will save on paying high rents and invest in EMI instead. After a few years, your monthly payments will get converted into equity, whereas rent just goes down the drain.

10. A Destination for Career Growth

Imagine owning a home right at the start of your career. Wouldn’t that be amazing? Yes, you can make it happen by investing in Padur and direct your earnings in the form of EMI and get richly rewarded in the form of rentals or own home within a short period of time.

11. A Valuable Second Home

If you are considering a second home that will benefit you in all aspects, invest in a property at Padur that is sure to bestow you with high returns on investment and property value appreciation.

Now that we have shared the secret, try investing in Padur and see how well the investment can redefine your life!

Feb 21

All You Need to Know about Million Carats

Just like you look for color, cut, clarity and carat of a diamond, here is a diamond that feels like you own a million carats at an unbelievable price. This project redefines residential living on OMR bringing a premium lifestyle to you at a never seen before price range.

In this busy life, everyone is hunting for a nest to rest. Obviously, you might also have been searching for a peaceful abode to rejoice life. Sometimes, it reflects as a dream and hard to become a reality. What if this dream, is a living reality now? How would you react?

“Million Carats – The one key to realizing all your aspirations” Here is a glimpse of what your future could look like:

  • Fantastic Location on the fast-growing OMR stretch, the new hub for jobs, entertainment, and a fulfilling lifestyle
  • Secured Gated Community apartments on OMR that feel like living in a park, close to Muttukadu Lake with an unfettered view of the Sea
  • It is a residential hub for a fulfilling lifestyle with hundreds of companies, thousands of jobs, dozens of schools, hospitals, and restaurants all reachable in minutes
  • Unmatched and incomparable project quality by deploying MIVAN technology
  • Ride the Growth Curve with an unexpected investment opportunity for a valuable future
  • Great Rental potential for investors
  • And the best of all is the price; starting at @Rs.16.97 lacs onwards

Lets us walk you through the details of each of the above in this article

LOCATION & NEIGHBORHOOD – OMR: The corridor for better opportunities!

Million Carats is located, bang on OMR at Padur, next to Chettinad Hospital, and just a 5 minute drive from Siruseri Sipcot IT Park. A proposed 17 km four-lane elevated IT Expressway and Metro Rail connectivity is under works now; right from Taramani to Siruseri. That’s incredible!

Key location

  • Apartments is 4 kilometers away from Siruseri IT Park
  • Right next to Chettinad Health City
  • Just a minute from Kelambakkam Junction
  • Near the upcoming 1500 acres “Japanese Industrial Township”

Office & Corporate Hubs

  • Siruseri IT Park – 5 Min. ETA Techno Park – 10 Min, Tidel Park – 30 Min, Japanese City – 20 Min

Educational Institutions

  • Sushilhari International Residential School (5 minutes), Gateway American International School – 5 Min, Velammal CBSE School – 5 Min.

Hospitals

  • Chettinad Super Specialty Neighborhood Hospital – 2 Min, Madhura Hospital – 10 Min, Apollo Lifeline Hospitals – 30 Min

 

To highlight more on the neighborhood, we have quite a big list to check out

  • The Airport is just 45 Min. away from the project
  • The Project has great views into Muttukadu Lake and the sea from the 9th floor upwards
  • Mamallapuram is less than an hour’s drive away
  • OMR offers many wholesome recreational activities along with its usual entertainment ventures like movie theatres & shopping malls
  • Over 3 Lakh+ employees working in 70 CAT-A companies, 150 IT corporates in and around OMR
  • Excellent connectivity & social infrastructure. Padur is the next giant residential hub in OMR stretch with well established IT corridor

 

LIFESTYLE ADVANTAGES – We are here  to serve you the lifestyle you deserve on a platter

Even though there are umpteen other builders to serve you the best, where and how we stand out from the crowd make all the difference.

  • Padur is one of the fastest growing areas on OMR
  • It can reduce your commute and save time for your family
  • Well laid out  excellent gardens and landscaping  incorporated into the project
  • The project also boasts of a viewing deck and gallery
  • The air In OMR Is less polluted than other parts of the city
  • Thanks to green belt In the area, the proximity to the coast make It far less polluted area
  • Close to the scenic Muttukadu freshwater lake to enjoy your weekends

 

INCREDIBLE AMENITIES! – Everything you need. All right here!

A blissful ambiance entrenched with enough amenities to live on. The project community is loaded with all luxurious dimensions.

There is an excellent and stunning clubhouse, to experience a different lifestyle.

 

  • Swimming pool
  • Supermarket
  • Children’s play area
  • Multipurpose lawn & Senior citizen seating
  • Basketball court
  • Indoor Games
  • Coffee shop
  • Open amphitheatre
  • GYM
  • Multipurpose hall
  • Retail arcade & ATM
  • Outdoor GYM & Yoga
  • Groceries
  • Flower Beds
  • Board games

QUALITY – Our Prime Job – An elegance of Living.

Our happy project imprints quality and excellence. Hope, it is the complete home ready to indulge superior standard.

  • Built with MIVAN construction and hence great finishes, quality and durability
  • Yes, the project is constructed with earthquake resistance
  • The foundation used for the project is a raft foundation combined with stitch slab
  • Know our RERA – TN/01/BUILDING/0015/2019
  • Great project with well-designed Studio 1,2 & 3 BHK configuration
  • Importantly, no water logging & flooding problems because floor levels have been raised about 9 feet from OMR Road
  • All the apartments are designed with vastu principles
  • Perfectly crafted with fire fighting norms and got NOC from Fire service
  • Also, designed in such a way to have the least maintenance

BUY YOUR HOME WITH THE MOST TRUSTED BRAND – A project that truly ticks all the boxes!

Alliance group builds trust, not just by building living spaces for homeowners but also by keeping the promise of International benchmark standards on all our projects.  We stress on a high degree of professionalism and thrive by winning customer satisfaction in all our ventures.  Moreover, we follow the customer first dictum, which put the customer at the core of our business.

BEST INVESTMENT – A one in a million & once in a lifetime opportunity!

Buying a home is a milestone accomplishment. However, will it be a good option for our future financial goal?  Where to invest money in Chennai?

If this is going to be your statement, then here you go!

  • You get the better capital appreciation of property
  • High appreciation means better investment returns as the value of the location is appreciating considerably every year.
  • Every year the area is growing annually, compared to areas in the vicinity.
  • A location with high rental appreciation, more than 6% rental yield

PROPERTY ON YOUR BUDGET – One in a million offer

The project advantageously established with a great price tag!

  • GREAT PRICE!!! The first and only aspirational home in OMR with the lowest price in the vicinity of 15kms
  • You can avail up to 2.67 lacs Pradhan Mantri Awaaz Yojana (PMAY) subsidy from the government
  • You can utilize home loans too, It can be availed easily by contacting our CRM / Banking team for assistance
  • Bank approval – All Nationalized, Private banks and NBFC, have approved the projects

MILLION CARATS USP – Proper design. Smartly priced. Ready for move-in!

All details you need to know about Million Carats!

Meaning of Satisfied Life
  • Total Area of the project – 12.92 Acres
  • 8 Blocks, Basement + Stilt + 19 Floors
  • Configurations & Sizes (SFT)
    • (Studio) – 353
    • (1 BHK +1 T) – 510
    • (2 BHK + 1T) – 636
    • (2 BHK +2 T) – 727
    • (2 BHK +2 T) – 857
    • (3 BHK + 2 T) – 892

 

Good ventilation & natural light, Great balcony view, 24*7 Secured gated community & CCTV safe, 24*7 Electricity & water supply, Clean & hygiene environment, Free from noise and air pollution, Peaceful habitat, The spacious & convenient ambience, Worth for your money, A wide car parking area, Green environs, Power backup, Pets friendly, 70% open space, 43 lifts with 24*7 service, DTCP and RERA approved.

Why Million Carats?

How we are a one of a kind as builders, and where we stand out from the rest of the crowd!

We are the one and only real estate developer to match the aspirations of a prospective homebuyer by building homes at an attractive price point in the entire OMR corridor. We are deeply committed to our vision of fulfilling the housing needs of the general population…

A Home To Indulge Your Quest

 

Feb 21

Million Carats – Know Your Neighbourhood

Padur is one of the rapidly growing suburbs & the most promising locality of OMR. The entire OMR stretches in Chennai have seen lots of development in the last few decades. Currently, there are 3 Lakh people working at CAT-A company in this belt now. And within 3 yrs down the line, you can project more 2.5 lakh people will be working in OMR.

Padur which was once a commercial/industrial hub has seen itself affected positively by the growth trends of OMR and is now becoming a residential hub.

Along with the establishments of schools, hospitals, multi-mode transportation facilities, shopping centers, this is now seeing the highest growth rates in Chennai.

The creation of jobs on the OMR stretch is the biggest driver for this change, making this the right place to invest in residential property in Chennai in 2019.

“Million Carats”, is a trendsetter in this domain launching the largest township project, bang on OMR. It is promoted by the Urbanrise brand of the top builder in Chennai, Alliance group, whose mission is “Housing for All”.

While this is a great location to buy a property and live, it is also an excellent investment opportunity for those looking to rent and also see their investment ride the growth curve of this location.

This article elaborates the various highlights of the flourishing neighborhood of this flat for sale in Chennai

1. Work-life balance (Office Hubs)

The most annoying time, which anyone can spend, is the traveling time between the office and home. It is not just a waste of your time but also, it decreases the valuable family time of yours.

With the “Million Carats” offerings, your commute is now measured in minutes.

Name any IT industry, which wants to come to Chennai their first choice will be OMR. You walk out from the gate of “Million Carats” and name any IT park right from CTS, HP, Infosys, TCS, etc. anything you can find it within 1km of your reach. The notable hub is just 5 minutes drive, Siruseri Sipcot IT Park.

Even if you are thinking of changing your company, you will never regret of your decision of living in “Million Carats” as it made sure that your next company would be as close as your previous one.

2. Connectivity & Transportation

All the roads from any part of the OMR will lead you to Padur. The connectivity, which “Million Carats” gives you, is unbeatable. Here, you can find all types of transportation facilities within minutes from your apartment in Padur. Given its location bang on OMR, you step outside your community to avail many of the current and proposed transportation facilities like the bus, the upcoming metro, connectivity to the airport as well as railway stations.

Bus Stops

There are 5 Bus stops within a 10-minute walk from Million Carats, where the closest one is Hindustan College University Bus Stop (550m) And OMR Padur Bus Stop (550m)

Railway Station

The nearest Railway Station is Urappakkam (23km from Million Carats) apart from that there are more 5 Railway Station within 30 min reach from Million Carats

Metro Station

The Chennai Metro is now making extending all along the OMR stretch making this an option.

Airport

The Chennai International Airport is within an hour’s drive from Million Carats

To enable much faster transit, the government has started a few projects:

  • 4-lane elevated highway project, which will connect Siruseri – Taramani (can reduce the peak hour drive from 15 min to 20 min)
  • Metro station, which will connect Madhavaram – Sholinganallur (44.66 km) with 46 stations
  • New airport coming up – Chennai Sriperumbudur Airport.

3. Essential Facilities

This kind of connectivity this apartment gives is remarkable, but with that, it also connects you with the essential utilities such as Hospitals, Schools, College, Banks, ATM etc.

Hospitals

“Million Carats” township has many hospitals like Chettinad Health City & Sri Krishna Medicals within 5 minutes walking distance.

Schools

The education of your child in Million Carats will never get affected, because of the presence of lots of famous schools nearby offering a choice of CBSE, ICSE, to the State Board curriculum. Some of the best schools nearby are Hindustan International School, Gateway International School, Velammal Vidhyashram CBSE School, Hiranandani Upscale School, etc.

Colleges

For higher education, you can find the best educational institutions in the neighborhood of Million Carats, offering everything from Science, Arts, Engineering, & Medical.

The Hindustan Institute of Technology and Chettinad College &Research is right outside the township.

4. Utilities

The Million Carats vicinity will not just fulfill the essential requirements, but also most of the normal life’s needs too.

Shopping Malls

In Padur, you can explore & experience the healthy & trendy shopping with a vast range of malls like Kols Tower & Mani Time Centre within 5 min reach from Million Carats.

Groceries

Get your everyday grocery shopping at a walkable distance from many grocery shops such as Nilgiri’s & Moon Green Shop as well as a lot of neighborhood shops.

5. Leisure Activity

OMR offers many wholesome recreational activities in just a day outing with the family. The residents in the Million Carats live very close to the entertainment & holiday destination. Whatever you are longing for is there…

Just for a meal?

A queue of a chain restaurant is present to feed you to the fullest.

Want a family time with your kid?

Muttukadu Lake for boating is so close that you can even view it from your window of Million Carats. Or how about a theme park such as Madras crocodile bank trust and center for herpetology in just 18 min from your home.

Longing for a movie?

Many movies theatre like Piqued Cinemas, AGS cinema, Mayajal, etc. are there to entertain you to the fullest.

Checking for a day’s rest?

There is a full stretch of resorts in ECR road (just a road away from Million Carats)

Or a day’s out?

How about Mahabalipuram (30 min) or more adventurous like Puducherry (90 min)

City dwellers usually make grand plans to go to these locations for rest and recreation, which you can so easily reach when living in Million Carats.

6. Social Life

Padur is a residential place, so many people are living already there, and in Million Carats, you are going to be a part of it. Therefore, it is not as if you are compromising on Social life. You have lakhs of neighbor now and more is about to come.

Million Carats is the perfect key for an enriched living as well as for future investment.

Above all the launch offer has made it very easy for you to enjoy this luxurious living vicinity at just in the price range of 17-41 lacs. So move into Million Carats: an apartment in Padur now to upgrade your lifestyle in this vibrant neighborhood.

Jan 30

Alliance Group Commits Rs.9500 Cr. (1.34 Billion USD) Investment at Tamil Nadu Global Investors Meet 2019

Alliance Group, one of the leading real estate developers in the country has committed itself, to augmenting the phenomenal growth of residential real estate, commercial properties and IT Parks in Chennai, Tamil Nadu and signed an MOU to this effect in the just concluded Tamil Nadu Global Investors Meet 2019 (TNGIM).

The MOU was signed with “Tamil Nadu Industrial Guidance and Promotion Bureau”, for a whopping Rs.9,488 Cr. (1.34 Billion USD) to develop homes for all home buyers, cutting across income groups and generate employment directly and indirectly. In return, the Govt. of Tamil Nadu will offer facilitation to Alliance, in obtaining infrastructure support like power supply, water etc. and also provide expeditious approvals to its projects. This investment would also spur job growth in the various allied industries related to housing development.

Mr. Suneel Bommireddy, Vice-chairman of the Group has inked the MOU with the Honorable Chief Minister Edapadi Palanisamy, making it the largest such deal in Chennai’s history. This is a mile stone event in the annals of Alliance Group and reinforces its commitment to the Chennai market.

“This is a proud moment for the Alliance Group, as the Honorable Chief Minister Edapadi Palanisamy was personally there to sign the MOU with us. Out of eight companies invited to the podium, Alliance Group happens to be the only company from the real estate industry to have been honored with the Chief Minister’s grand gesture” said Mr. Suneel Bommireddy.

Alliance Group over the last 14 years has emerged as a trusted and top provider of housing solutions in Chennai, with over 5000+ happy customers and projects covering all of Chennai (Korattur/Anna nagar, Kelambakkam, Pallavaram, Oragadam, Padur, Siruseri, Thirumazhisai, Guduvanchery). This MOU is seen as evidence of Alliance rededicating itself to the Chennai market directly, and its unfazed belief in contributing to Tamil Nadu governments’ efforts in regaining the top position and glory in the state GDP rankings in the country.

manoj-namburu

“From the days that East India Company was operating in Madras, the city has shaped into an industrialized city and that has propelled Tamil Nadu into top 3 states of the country in GDP growth, consistently. However, over the last decade, the GDP growth rate has slowed down, and to put the economy back on track and solve the ever-increasing urban demand for housing, such significant investments in the Real Estate industry are essential and Alliance group has taken the lead to invest heavily in Chennai. Investments in Real estate industry will directly spur growth in over 160 industries such as cement, steel, tiles,
doors and paints and would have indirect growth effect on 370 industries including limestone, plastics, clay and pigments. We are committed to Chennai and its growth”, stated Mr. Manoj Sai Namburu, CMD, Alliance.

The specific aim of Alliance projects that is already grounded, is to provide living spaces that fit all sizes, prices without compromising on location, quality and amenities.

First time home eligible buyers also have the option of aspiring for home ownership by leveraging direct benefits under Pradhan Mantri Awas Yojana (PMAY) and income tax benefits under 80 IBA (Housing for All) clause. The 50,000 aspirational homes planned under Alliance Group’s Urbanrise brand would be a perfect choice for any home buyer as they are deemed to be “fast moving” and “easy to rent” – properties complete with all the modern amenities on par with any luxury home when it comes to the urban life style.

According to Honorable Chief Minister Edapadi Palanisamy “The second edition of the Global Investor meet which was held in Chennai on January 23 and 24 was a huge success, as it witnessed phenomenal investments to the tune of Rs.3.4 Lakh Cr. (47.9 Billion USD) cutting across many sectors. The second edition even surpassed first edition of TNGIM held in 2015.

Here is to a great year ahead for Chennai and its citizens!