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UPCOMING COMMERCIAL OFFICE SPACE ON THE MOUNT POONAMAALLE CORRIDOR

 

With companies gradually resuming offices, there is a resurgence for office space leasing that can be felt in around Chennai. Of the many micro-markets available in the city, one in particular is becoming much more desirable and turning a lot of heads.

The Mount Poonamalle corridor is undergoing a large scale face lift and is quickly becoming one of the largest markets in Chennai. With a multitude of new ventures and large scale campuses currently being developed, paired with the announcement of a new Phase III Metro Line which conveniently happens to run straight through the same corridor making accessibility and standstill traffic thing of the past.

The Mount Poonamalle corridor is definitely an option to be considered.  Below is a list of the bigger players along that corridor that could be the perfect office destination for you.

DLF CYBER CITY

DLF Cybercity is developed by DLF Assets LTD. One of India’s Largest and most successful SEZ developments in the Southern Region of India located on Mount Poonamalle Road.

DLF Cybercity Chennai is a 46 acre integrated campus. The project has 12 operational office buildings approx 417900 sqft with a typical floor plate of 38000, along with a host of amenities including well connected internal roads, a dedicated fire station, a 2 acre sports zone, elegant landscaping and The Hub, which is a multifaceted leisure and entertainment centre that also includes leading retail stores, food zones with diverse cuisines, a fitness centre, and much more.

DLF Cybercity also has the advantage of being located close to the airport and with the new metro corridor being developed along that stretch; it now is the most accessible IT Park in Chennai.

RAHEJA COMMERZONE

Commerzone is one of the top IT parks in developed by K Raheja. Recently completed in June 2020 spanning across 6 Acres of Land with a total built up area of 11, 05,000 sqft comprising 2 Towers A & B. It is the entity’s flagship commercial offering purposefully located in the South West Chennai micro-market. Advantages are that the project is easily accessible through public transport and is close to all the major celebrated markets and amenities and is  Approx 10km from Domestic and International Airport.

Its unique amenities and infrastructure see the incorporation of recreational, collaborative and wellness aspects that facilitate dynamic work-styles. It has received awards and recognitions including ‘Most Environment Friendly Commercial Space of the Year’ by Realty Plus Conclave and Excellence Award 2020 (South) and LEED Gold certification from USGBC for the entire asset.

RMZ ONE PARAMOUNT

RMZ One Paramount is a striking skyscraper wrapped around views on all sides of the work environment It is constructed with 3 office towers with all modern amenities in 14 acres plotted area approx. 7.8 M sft. along with amenities that set the bench mark for integrated work-life environments. It’s resilient design features to alleviate catastrophes such as floods, cyclones, water shortages, etc. make the project unique.

It comprises 3 + 1 office towers and has a leasable space of 2.4 msft. Additionally features such as a social library, an art walk, intricately designed urban forest and an open air theatre make RMZ One Paramount unique to it’s competitors.  Located on the same Mount Poonamalle stretch, It is 11.5 KM away from the Chennai International Airport.

It also boasts a dedicated landscape area called “The Green Plaza” for more than half the buildings perimeter. It offers modern working spaces with  in-house speciality restaurants , café, executive health club and swimming pool.

Future development of Phase II 2.9 Msft and Phase III 2.5 M sft are what is planned with a final completion date ranging from 2023 – 2027.

 L&T INNOVATION CAMPUS

L&T Innovation Campus is a mixed use development spanning over 40 acres located on Mount Poonamalle. The project is under construction and expected to be delivered in 2023. Currently In Phase-I, the two towers can accommodate 1.05 Million sq. ft. of leasable space with the potential for a total of 6.5 million sq. ft. to be leased in the future. Designed to be futuristic, wellness centered and sustainable, with an abundance of green open spaces and a central parkland. The upcoming Metro Phase III corridor also makes this project easily accessible .

The Property is centrally located and is 11.5 KM from the Chennai Domestic & International airport, Its easy accessibility paired with the engineering and construction prowess of L&T make the campus a highly desirable space.

VISHRANTHI JAYANTH TECH PARK

It is a multi tenanted block with a total development size of 3,00,000 sq.ft. The A grade property offers spacious and skilfully designed commercial office space, with spectacular in-house parking backed by 24×7 security service. The project is well equipped with regard to the amenities offered and is  easily accessible by bus. Dining and hotel accommodation are in close proximity. With the location and eateries and transport this structure provides all the elements for comfortable and easy care working. The Project is approx. 7KM away from the Chennai Domestic & International Airport.

ASV HUSAINY TECH PARK

ASV HUSAINY TECH PARK is located in the main road of Manapakkam, with an initial development of 1 Million Sq.ft, Each floorplate is approx. 80,000 Sq.ft. The campus has an independent MLCP building with and a car parking facility that can hold more than 800 cars.

ASV HUSAINY TECH PARK is set to be the most iconic project in Manapakkam surrounding the high end residential projects, Convention centres and Hospitals.

ASV CRN BUSINESS PARK

ASV CRN BUSINESS PARK is located in the main road of Nandambakkam, opposite the Chennai Trade Centre with a total leasable development of 1,60,000 Sq.ft in Basement + Stilt + 9 floors. Each floorplate is approx..  17,700 sqft making it idle for any IT, MNCs, Corporate houses, financial institutions, CoWorking etc.
ASV CRN BUSINESS PARK will be the most iconic building in the Nandambakkam area with a joint experience of ASV and CRN the most renewed architect of INDIA.

For more Tech park and office space options kindly get it touch with us https://orelpc.com/contact-us/

Top IT Parks in Coimbatore

 

Coimbatore has emerged as a strong and growing economy based on manufacturing and services sectors. This tier-II city boasts of a distinctive economy, quality education, an extensive labour pool and focused sustainable development objectives, making it an attractive destination in South India,

Coimbatore is swiftly moving into fast-track development. In India, the focus has already shifted towards tier II cities owning to the huge demand in these cities, and investments are on the uptick because of the good business propositions they offer. The City’s massive manufacturing sector makes it one of the fastest-growing economies in the country; the city justifiably enjoys the tag of ‘Manchester of South India’

The City caters a lot to the growing IT industry and is supported by huge skilled labour pool and special economic zones (SEZs) that have attracted leading IT companies and technology service providers.

On the software side, Coimbatore ranks 2nd following Chennai in terms of software production in the state. Coimbatore is also known as a business process outsourcing (BPO) hub of note. Availability of quality labour is an important factor driving factor that makes Coimbatore a preferred business destination. The low attrition rate (>10%) and limited competition add to the positive business environment. It also houses 7 universities, 54 engineering colleges, 2 medical colleges, 35 polytechnics and over 700 other educational institutions. This attracts a major population both from within and outside the state for quality education.

OREL, as a Leading space solution provider to IT space occupiers has been instrumental in supporting multiple IT software development companies and BPO, KPO Offices to expand and consolidate their operations in Coimbatore. Their operations in the city has an exponential growth of 600% in the last year and is marching towards being the most preferred Corporate Real estate company in Coimbatore.

The Best IT Parks in Coimbatore

INDIA LAND

India land Tech park is one of the most prominent Grade A SEZ development in Saravanmpati, Coimbatore. The Project  total built up area 1.1 Million Sqft spread across 12 Acres with a typical floor plan of 62000 sqft with a structure Basement + ground+7 Floors. The Project is equipped with Food court, Convenience store , Gift shop, Bank ATM and closer to all facilities. The location is well connected with Airport and other public transport.

KGISL

The Project is by KGISL Group Companies is Located inside KGISL Instituteof Technology Campus, Saravanampatti. The Property is a Standalone Building with 6 Floors, Total Built-up area of 1,20,000 sft with a typical floor area of 20,000 sft . The location is well connected with Airport and other public transport.

TIDEL PARK

Tidel Park was developed by TIDCO and ELCOT and is located in Peelamdeu . The Project  total built up area 1 Million Sqft spread across 9.5 Acres with a typical floor plan of 2,00,000 sqft with a structure  3 Basement + ground+7 Floors. The Project comprises with Food court, Health Clubs and closer to all facilities. The location is well connected with public transport and closer Residential areas.

HANUDEV IT PARK

The Project is by RR Group of Companies and is located in Peelamdeu. The Project total built up area 1,94,625 Sqft with 4 towers,  Each tower  consists 1 Basement level  parking and 9 floors with a typical floor plan of 19,462 sqft. The Project comprises with modern amenities .The location is well connected with public transport, Colleges, Hospitals.

KCT

KCT tech park is Grade A building located in Saravanampatti. The Project total built up area 2,64,000 Sqft with 1 Basement level  parking and 5 floors with a typical floor plan of 44,000 sqft. It is well connected with public transport, Colleges, Hospitals.

TICEL

TICEL was developed by TIDCO and Tidel Park and is located in Navaoor. The is spread across 10 Acres of Anna University Campus . The total built up area 2,29,000 with a typical floor plan of 15,136 sqft with a structure  1Basement + 14 Floors. The Project comprises with Food court, Health Clubs,departmental store. It is well connected with public transport, Colleges, Hospitals.

RATNAM SEZ

Rathnam Tech Park is developed by Span Ventures. The project is developed in 70 Acres of IT parks , Educational Institutions, Housing Infra and entertainment zone. The Project total built up area 1,50,000 Sqft with a typical floor plan of 50,000. The Project comprises with Food court, indoor sports and cafeteria space. It is well connected with public transport, Colleges, Hospitals.

SVB IT PARK

SVB Tech Park is an upcoming IT park development by the Bannari Amman Group. The Project total built up area 1 million sq. ft. spread across 7 acres of land in the fastest growing corridor of Coimbatore – the Kalapatti village. The location is well connected with Airport and other public transport.

For more Tech park and office space options kindly get it touch with us https://orelpc.com/contact-us/

TOP 10 IT Parks in Chennai

 

Chennai which is commonly known as the “Detroit of India” is one of the biggest metropolitan cities and according to The Quality of Living Survey; Chennai is the safest city in India. Chennai has become one of the preferred destinations for IT – ITeS companies as it has the perfect combination of professionals and talent base for the businesses to flourish. The city has about 25 Plus IT Park in and around the major part of the city and is well connected to various modes of Transportation. Supported by favourable business climate in terms of Infrastructure, SEZ’s, Literacy Rate, Transportation and Government support the Industry has also grown steadily creating direct and indirect employment.

In no particular order, the following is a list of Best IT Parks in Chennai.

DLF Cybercity – Manapakkam

DLF Cybercity is developed by DLF Assets LTD. One of India’s most successful SEZ developments in the Southern Region of India located in Mount Poonamallee Road. It’s a World-class development, spread across 46 acres complex with 8.3 million sqft operational with Platinum LEED certificate.

The Project comprises of 13 blocks Approx of 417900 sqft with a typical floor plate of 38000 sqft. Further the development has mix of retail formats, outdoor sports facilities, café, health and wellness center with food court, day care, medical center, etc. Designed along the lines of a campus – an architectural breakthrough from conventional office structures – it allows open breathing spaces and verdant green zones amidst office blocks. The location is well connected with Airport and other public transport and accessible to both GST Road as well as OMR.

Key Occupiers:  IBM, CTS, TCS, BNY mellon, Barclays, Mphasis, CSC, NTT data, L&T Infotech, L&T IES , E&Y

Embassy Splendid Techzone – Thoraipakkam-Pallavaram

Embassy Techzone is developed by Embassy and has partnered with SNP Infrastructure to develop a landmark 30-acre SEZ property. The project includes both SEZ and Non-SEZ areas and is strategically located on the Thoraipakkam-Pallavaram Road. It is easily accessible from both OMR and GST roads.

The Project comprises of 4 blocks it the built-up area 3.5 Million sqft with all modern amenities have 3 level of basement parking. Phase 1 of this project is 2.2 million Sq. Ft. and is currently under construction. 2 million Sq. Ft is proposed for future development. It is easily accessible from both OMR and GST roads; The SEZ is less than 4 km from the Chennai airport, Pallavaram & Velachery railway station, IT Parks, restaurant, bus stop and schools.

Key Occupiers: Accenture, Wells Fargo.

Chennai One – Pallavaram Thoraipakkam Road

Chennai One is owned By IG3 Infra Ltd. It is situated in the special economic zone facility in Pallavaram Thoraipakkam Road. The project total built up area of 3.8 million sqft spread across 2 Towers Chennai One Magnum & Chennai One Alpha, Each Towers has 12 floors with a typical Floor plate of 124000 sqft.

The project is of smart, connected and collaborative workspace with world-class infrastructure with thoughtful localisation and plush amenities from the foodcourt, crèche and daycare, amphitheatre, atrium, banks, ATM’s, green spaces, open-air library, retail services and more. It is easily accessible to both GST Road as well as OMR.

Key Occupiers: TCS, HCL, DHL, ATOS, Polaris, Ford Business Centre, Comcast, ensono, hexaware, icon, integra, OEC, Prodapt, Qburst, Teikon, Wells Fargo. 

Gateway Office Parks – Perungalathur

Gateway office parks SEZ integrated development. The magnificent, commercial tower is jointly developed by the venture of Shriram properties and SUN Apollo and is located in Perungalathur.

It is spread across 58 acres with a super built up area of 3.5 million sqft consisting of 8 Blocks with shopping malls, multiplex, hotel, service apartments, recreational facilities, health club, landscape views, day care centre, coffee shop and restaurants. The location is well connected with Airport and other public transport.

Key Occupiers:  Accenture, CSS Crop, Sutherland Global Services, Technosoft, Egton, Fidelity, ReDim, Mobius, Navitas LLP.

Raheja Commerzone – Porur

Commerzone one of the top IT parks in Chennai developed by K Raheja. It is an under-construction asset located in Porur. It is spread across 6 Acres of Land with a total built up area of 11, 05,000 sqft Comprising 2 Towers A & B.

It is easily accessible through public transport and is close to all the major celebrated markets and amenities. Additionally, the landholding has some renowned hotels and dining options nearby. The location is approximately 10.5 km from Domestic and International Airport. The Tech Park offers spacious and skilfully designed commercial office space with spectacular in-house parking backed by 24×7 security service.

For more Tech park and office space options kindly get it touch with us https://orelpc.com/contact-us/

Brigade WTC (World Trade Centre) – Perungudi

Brigade World Trade Centre, An iconic commercial LEED Platinum development with Special Economic Zone benefits. The project is a Joint Venture between Brigade & GIC (Singapore Investment Corporation). The development consists of a built up area of 1.8 million sq.ft spread across two towers. WTC Chennai will be the tallest commercial establishment in the city located in a strategically ideal position in Perungudi most coveted IT corridor.

WTC encloses two towers that are enclosed in 3B + G + 27F + T and 3B + G + 19F + T structure respectively. The campus has beautiful landscaped gardens, separate utility block  with cooling towers, transformers, BMS and a large cafeteria, IPS flooring system, low e-glass facade, ample elevators, ample parking space, 100% power backup, complete air conditioned offices and a beautiful fountain area as well.

It is close to several well-known landmarks in Chennai such as Apollo and Fortis hospitals, renowned colleges such as IIT Madras, NIFT, Anna University, malls such as Phoenix Market City and five star hotels.

Key Occupiers: Amazon, Caterpillar, Mckinsey.

Ramanujan IT City – TRIL – Tharamani

Ramanujan IT City is a joint venture development by TATA Realty and Infrastructure limited, Indian Hotel Company Limited (IHCL) and Tamil Nadu Industrial Development Corporation (TIDCO). It is spread over 25.27 acres in which 4.5 million square feet has 6 towers of IT/ITES and is located in the Old Mamallapuram road  north of the Tharamani IT corridor.

The IT Park is being built in 6 blocks with 13 floors with floor-plates ranging from 50,000 to 100,000 Sqft, including 5 level of car parking, lush greenery, landscaped podiums with informal seating, a Zen garden, amenities like a Food Court, Bank, ATMs, Gymnasium etc and covered walkways connecting all towers. The project has obtained Green Building and IMS certification and it is surrounded by IT Parks, railway station, transport hubs and day-care centres.

Key Occupiers : Amazon, Cognizant, HP, TCS, Infosys, Mindtree, Citibank, Fidelity, Pershing, AstraZeneca, Cisco, Wipro, Sitel, GE India, Thryve, SocieteGenerale, Agilysys, Philips, NTT Data, DXC Technologies and Scientific Publishing Services etc.

RMZ Millenia – Perungudi

RMZ Millenia Tech park is developed by the RMZ Group, It is one of the RMZ’ pioneer project in Chennai. The project is spread across 21 acres and is Located on the MGR Salai, Perungudi. The Tech Park comprises of 2 phases (Millenia 1 and 2) Phase 1 was completed in 2006 and Phase 2 was completed in 2009. Redefining the idea of finest office space, Millenia is rooted in inspiration and motivation by bringing in sense of well-being and great work atmosphere.

Millenia has a total built up area 3.2 million sqft spread across 9 blocks with in-house food court, ATM, Bakery, gift store, amphitheatre, art gallery, bus stops, day care centres etc. It is close to several well-known landmarks in Chennai such as Apollo and Fortis hospitals, renowned colleges such as IIT Madras, NIFT, Anna University, malls such as Phoenix Market City and five star hotels.

Key Occupiers: Ford, Shell, McDermott, Omega healthcare, Flextronics, Schawk and Videocon.

Pacifica Tech Park – Navallur

Pacifica Tech Park is developed by the Pacifica Companies. The project accommodates to the specific needs of the Information Technology and Business Process Outsourcing (BPO) segments. The tech Park state-of-the-art integrated Information Technology Park developed on 7.29 acres of land in the fastest growing corridor of Chennai – Rajiv Gandhi Salai, Navallur, Old Mahabalipuram Road.  

The Tech Park It is a 7 floored building with a total built up area of 994000 sqft and comprises of 2 Blocks. Exceptional in its stature and effective in its brilliance, The state-of-the-art technology zone features a smart fire protection system , 24 x 7 Power Back up, Ample car parking space, Sewage Treatment Plant, ATM, Food Court, Retail Store and Gymnasium among other facilities. It has good connectivity, the nearest railway station is 17 km away and the airport is 25 km away.

Key Occupiers: Infosys, Nokia, Future Pipe, Global Analytics, SunGard, Hamon Research, Bank of America, AGP CGD, Altran India.

KOSMO ONE – AMBATTHUR

KOSMO ONE PARK is an iconic commercial space; it is developed by One India Bulls and currently owned by Blackstone group. It is located in the heart of Chennai in Ambathur. It is spread across 10 acres with a super built up area of 2.4 million sqft comprising of 3 Towers A, B & C, comprising of 3 Basements + G + 12 Floors of office space.

The Park is energy efficient and it is a GOLD Rated Green Corporate Park. The Tech Park has a world – class contemporary structure, equipped with amenities like spacious food court, ATMs, Retail stores and much more. It is just a short commute from the Central business District and close to all major transport.

Key Occupiers: Royal bank of Scotland, Yes Bank, Access Healthcare, Kone Elevators, Hinduja Global Solutions.

Ascendas International Tech Park – Tharamani

Ascendas International Tech Park developed by Ascendas -Sing bridge Group, The Grade A hi-tech park Located in the IT corridor Tharamani. It is spread across 15 acres with a super built up area of 2 million sqft comprising of 3 blocks (Pinnacle, Crest and Zenith).

The Park also has in house food Court and 54-room guest accommodation facility, Other conveniences such as banks, ATMs, Forex facilities, gift shops, pharmacies and travel agency—all thoughtfully set up within the park. It is located close to Schools, railway station, Transport hub and residential area. It has received the FIABCI Prix d ’Excellence Award and USGBC LEED certification.

Key Occupiers: Caterpillar, BNY Mellon, Atos, Merrill, Olam, Adatavant, Wipro, Bally Technologies, Lumina Datamatics, Emerson, Lennox, BNP Paribas.

For more Tech park and office space options kindly get it touch with us https://orelpc.com/contact-us/

Prime Residential Property at Central City, Chennai

 

Set in the heart of Chennai’s preferred and popular residential locality of Kilpauk,   this prime residential property in set in a serene and posh upmarket neighborhood. With an amazing road frontage of 82 feet and  clear dimensions, it offers excellent opportunity to design and build out a Luxury Residence or a Multi- level housing complex.

The property offers excellent connectivity though all transportation nodes and is close to the upcoming metro rail network. It is at a walkable distance from the shopping hub of Purasaiwakkam and close proximity to Retail and shopping hubs at Anna Nagar and Egmore. The Bhavans Rajaji Vidyashram, Sindhi Model School,  fine dining, Education centers, Healthcare, Entertainment Venues and other facilities are minutes away.

Property Dimensions:

  • Total Land Area: 6800 Sqft
  • Dimension: 82*80
  • Direction Facing: East
  • Built Up Area: 2000 Sqft
  • Age of Building: 50 years
  • Existing road width – 30’ wide blacktop (Tar) road

The highlighted property in this homely neighborhood is suited for construction of an Independent Bungalow or Multi Story Apartment. Since the property has close access to important commercial areas, flexibility in terms of freedom increases, as the possibility of rezoning the area and redeveloping for other uses are also possibility subject to the zoning regulations and development control rules.

Contact us for further details

Contact No: +91 9940350053

Email Id: srinivasan@orelpc.com

AARADHYA, DEFENCE COLONY, EKKATUTHANGAL

 

OVERVIEW

AARADHYA is a thoughtfully Located Luxorious Residential Project Located in a well connected Locality , Defence Colony in  Ekkatuthangal. It offers unmatched Lifestyle for Select few who have an aspiration for best things in life. Single tower with just 2 apartments in a floor to ensure maximum ventilation and privacy for every apartment. The project is curated with premium specifications and branded fixtures.

HIGHLIGHTS OF PROJECT

  • Posh & Serene Neighborhood
  • 2 spacious apartments per floor
  • Naturally lit apartments with absolute privacy for every unit
  • 100% Vasthu Compliant
  • No Wall Sharing
  • Covered Car parking
  • Premium Specification

FEATURES OF THE PROJECT

  • Apartment Types: 3 BHK
  • No. of Apartments: 6
  • No. of Floors: Stilt + 3 Floors
  • Apartment Size Range: 2377 & 2378 sq.ft
  • Ready to Move in

FLOOR PLAN

AMENITIES

• 100% power backup for lifts and other common areas

• CCTV surveillance cameras at pivotal locations

• Passenger LIFT with automatic doors will be provided

• Driveway and other areas will be laid with pavers

• Terrace Garden

• Apartment Power Back Up

• Security Room & Common Washroom

• Solar Energy Panels

CONNECTIVITY

It is a sought-after residential area surrounded by all social infrastructures like reputed schools, hospitals, retail and places of worship.

OREL Properties is an Authorized Strategic Marketing Partner – We work on NIL Fee Basis and provide complete support with data analytics, site visits, negotiation, deal structuring and registration.

For more details kindly Contact : 9176311144/ 9176299955

VISTA HEIGHTS,ECR, Thiruvanmiyur

 

OVERVIEW

A renowned builder SreeRaja Rajeshwari Developers has crafted Vista Heights. Vista Heights is Located right in Thiruvanmiyur. The Vista Heights is a thoughtfully planned one, equipped with all amenities for a comfortable living. This project has its expanse over an area of 9.05 Grounds accommodating 60 apartments.

HIGHLIGHTS OF PROJECT

  • Situated at an Iconic location
  • Very Close to Thiruvanmiyur MRTS
  • 4 spacious apartments per floor
  • Naturally lit apartments with absolute privacy for every unit
  • Vasthu Complaint
  • Property with Highest ROI in Residential Market

FEATURES OF THE PROJECT

  • Apartment Types : 2 & 3 BHK
  • No. of Apartments : 60
  • No. of Floors : Basement + Stilt + 4
  • Apartment Size Range : 1008 sq.ft – 1502 sq.ft
  • Ready To Move-In Premium Apartments
  • Vista Heights Price ranges from 1.29 Cr to 1.89 Cr

FLOOR PLANS

2 BHK

 

AMENITIES

Vista Heights brings to you the best of modern living with amenities like Power Back Up, Banquet Hall, Jogging and Strolling Track, Event Space, Indoor Games Room, Kids Play Area, Meditation Area, Multipurpose Courts.

LOCATION ADVANTAGES

Thiruvanmiyur is a largely residential neighbourhood in the south of Chennai and is Located at the starting point of East Coast Road (ECR) and along the Rajiv Gandhi IT Expressway. The subsequent rise of several information technology businesses, research centres and offices around Tidel Park, Ascendas, and Trill IT Park proved fortuitous for Thiruvanmiyur.

Thiruvanmiyur is a preferred choice among the IT professionals. It is also an attractive location for CEOs, high net-worth individuals (HNIs) and non-resident Indians (NRIs). Many Families and Youngsters have relocated here from Tier 2 & 3 cities, which has resulted in a high demand for residential apartments.

CONNECTIVITY

Strategically located, the Vista Heights Thiruvanmiyur is situated in one of the most popular place of Chennai and offers easy connectivity to public transport, Taramani, Tiruvanmiyur, Indira Nagar, IIT Madras, Fortis Malar Hospital, TNGF Cosmo Golf Club, Adyar, Taramani, Kottivakkam, Metropolitan Transport Corporation Chennai Limited, The Hindu Senior Secondary School, American International School, Vasan Eye Care Hospital, Dr. Agarwals Eye Hospital, Jayanthi Signal Bus Stop etc.

College – National institute of Fashion Technology, Anna University, IIT.

Schools – Kalashetra, American International school, Sishya , St.Michaels Academy

Hospitals – Apollo speciality, Fortis Malar Hospital,

Malls – Phoenix, Marina, Vivira, BSR Mall, Grand Square.

Hotels – Holiday, Tourist Taj Wellington Mews, Turyaa, Fortune Select Palms

Theatres & Amusement Parks – PVR Cinemas, Sathyam Cinemas, VGP Golden Beach, MGM

Place of worship: The Valmiki temple, Marundeeswarar Temple, Pamban Swamigal Temple, Shirdi Sai Baba Temple, Besant Nagar Church, Ashtalakshmi Temple

OREL Properties is an Authorised sales partner – We work on NIL Fee Basis and provide complete support with data analytics, site visit, negotiations, registration.

For more details kindly Contact us @ 9962533344.

JOINT VENTURE

 

WHAT IS JOINT VENTURE (JV) IN REAL ESTATE

A joint venture in real estate is two or more parties that combine resources for a specific development or investment. The parties in a joint venture maintain their own business identity while working together to complete a deal.

A joint venture in real estate investing is a way for Land Owners, Developers Investors, Construction Companies to put their property resources, capital , experience, and expertise together to accomplish more than they could on their own and to derive better values and profits.

Developers also undertake joint ventures between themselves jointly or participate with Investors.

A joint venture might be the solution to tackling larger real estate deals. Learn the ins and outs to see if it might be the solution for you.

Real estate investing involves a lot of individual goals, so teamwork is often overlooked when real estate investors want to scale their business.

WHY JOINT VENTURE

A Joint Venture with a reputed Builder gives the Landowners to derive maximum values and returns for their property. In addition they also have access to the expertise and experience that the Developer might have in construction, compliances, marketing, branding. In joint venture the Landowner or investor also have the flexibility to structure their deal to suit their capital and built area requirements. This has been the most successful model to develop large commercial, residential and office complexes.  

HOW ARE REAL ESTATE JOINT VENTURES STRUCTURED?

 A joint venture is similar to a partnership in many ways, but they’re not the same. Multiple people form one entity to conduct business together in a partnership. With a joint venture, each party continues to do business under their own entity. The joint venture partners are just working together on a specific deal or project.

The most common structure is a Joint Venture agreement between the Land Owner and Developer. Based on the agreement entered and the sharing of the profits and or the Developed Built space, a Power of Attorney or Resolutions are passed empowering the Developer to Obtain sanctions, represent before various authorities and the all acts needed for the development project to be made deliverable.. However the parties choose to structure it, there will be a joint venture agreement in place that specifies each party’s contributions and responsibilities as well as how profits will be distributed.

The joint venture partners might split any profits based on an agreed percentage, equity or in the most common structure of sharing of the Built Area or Units being developed. In addition for development of Large land parcels, SPV, LLC or partnerships are set up.

TYPES OF JOINT VENTURE

1.     LAND CONTRIBUTION

Land Owners with property parcels collaborate with Developers who have the expertise, knowledge, resources to develop the same. This entails that the Land owner does not part with the Property but develops in the entire Project by contributing the land to the deal to arrive at better realization and to tailor it to a need based right fit solution. In this case, the investor has the asset the developer needs and the developer has the ability to develop the land. Each party has something the other needs, so they form a joint venture.

2.     CONSTRUCTION MANAGEMENT

Investors choose this path of development wherein the opportunity and resources and with the Investor but takes in a Developer to use his expertise in Design, Liaison, and to manage the construction of the project. These models are largely used for commercial and retail development to harness the Return on Investment and offer solution to end users on Built to Suit projects.

3.     BRANDING AND MARKETABILITY OPTIONS

Developer enter into joint ventures, wherein a Developer may have the cash, credit, and expertise to get a project done, but challenges may arise with marketing and branding of the project, They may choose to put together a joint venture agreement with another reputable developer to leverage on their brand value.

ADVANTAGES OF JOINT VENTURE

Joint ventures allow multiple people, or businesses, to combine their resources to complete a deal. Each party involved may lack the experience, expertise, or capital that the other has. They’re able to get deals done by working together toward goals they wouldn’t be able to achieve otherwise. Joint ventures also have a benefit over partnerships because each party continues to operate under their own legal entity.

BENEFITS OF JOINT VENTURE

1.     Higher Value for your property

 The Developer is able to save interest cost on the Capital that is being locked up in purchasing the property on a outright basis. This value is transferred to the Landowner resulting in higher returns.

2.     Access to additional capital

 In addition to the share of the Built Area in the Development, the Land owner is provided with additional money. In most cases the decision to liquidate a property would be for a immediate capital  requirement , which can be done with returning the portion of the property.

3.     Settlement of property among heirs

On development of the property into multiple built nits the property can be shared or settled as per the requirement of the family or prospective hiers as built areas or through payment of money, to satisfy their respective need.

4.     Savings on Expenditure for Repurchase

When a property is sold and the money is to reinvested in another property there is a additional expenses relating to stamp duty, registration charges, brokerages, compliances etc

5.     Access to Professional Guidance

With the Developer having specialized teams for Liaison, Construction, Marketing, CRM etc., the Land Owner at every step receives support and guidance on the construction finishes, compliances, legal, accounting and tax issues. Brand Value also increases substantially.

6.     Tax Planning Benefits

In most cases when properties are partitioned and settled among family members , if carefully planned there is a huge scope for planning and tax saving  on Capital Gains Tax and reinvestment of gains.

HOW WE CAN HELP?

Orel Properties with a leadership team having a combined experience of 90+ years and having transacted 13 million sqft of property deals support Landowners from though to finish. With in-house expertise on legal, design, compliance and marketing we help to strategies an in-depth analysis on the Development potential and proposals

  • ANALYSING THE DEVELOPMENT POTENTIAL
  • VALUATION OF THE PROPERTY
  • DUE DILIGENCE ON DEVELOPER CAPABILITIES AND EXPERTISE
  • NEGOTIATION AND DEAL STRUCTURING
  • DESIGN ADVISORY
  • SCRUTINY OF JOINT VENTURE AGREEMENTS
  • REGISTRATION SUPPORT FOR POA AND JV AGREEMENTS
  • MONITORING OF CONSTRUCTION PROGRESS
  • COMPLIANCE AND HANDOVER CHECK LISTING

For more information and Enquires . Please get in touch with us @ 8939133344

IMPERIA BY VIRAJ CONSTRUCTIONS, MEHTA NAGAR, OFF HARRINGTON ROAD

 

OVERVIEW

Imperia is ideally located in a calm and serene locality in Mehta Nagar off Harrington Road. It is a sought-after residential area surrounded by all social infrastructures like reputed schools, hospitals, retail and places of worship. Single tower with just 3 apartments in a floor to ensure maximum ventilation and privacy for every apartment. The project is curated with premium specifications and branded fixtures.

HIGHLIGHTS OF PROJECT

  • Situated at an Iconic location
  • 3 spacious apartments per floor
  • Naturally lit apartments with absolute privacy for every unit
  • Lesser Common Area Loading
  • Corner property
  • Vasthu compliant
  • Covered Car parking
  • Grade A Specification and Premium fittings

FEATURES OF THE PROJECT

  • Apartment Types: 2 & 3 BHK
  • No. of Apartments: 15
  • No. of Floors: Stilt + 5 Floors
  • Apartment Size Range: 898 sq.ft – 1263 sq.ft

FLOOR PLAN

AMENITIES

  • Covered Car Parks
  • 24/7 Power Backup
  • Automatic  8 Passenger Capacity Lift
  • CCTV Security

CONNECTIVITY

The locality shares its Neighbourhood with some of the premium localities such as Annanagar, Nungambakkam, Koyambedu, T.Nagar. The area is well connected by Roads, Closer to the CMBT Bus Terminus, Metro stations and 40mins away from the Airport.

OREL Properties is an Authorized Strategic Marketing Partner – We work on NIL Fee Basis and provide complete support with data analytics, site visits, negotiation, deal structuring and registration.

For more details kindly Contact : 9176244433/ 9176299955

RANK IMPERIAL, MANDAVELI

 

OVERVIEW

Rank Imperial is ideally located in a calm and serene locality in Mandaveli. It is a sought-after residential area surrounded by all social infrastructures like reputed schools, hospitals, retail and places of worship. Single tower with just 4 apartments in a floor to ensure maximum ventilation and privacy for every apartment. The project is curated with premium specifications and branded fixtures.

HIGHLIGHTS OF PROJECT

  • Situated at an Iconic location
  • 4 spacious apartments per floor
  • Naturally lit apartments with absolute privacy for every unit
  • High UDS
  • Lesser Common Area Loading

FEATURES OF THE PROJECT

  • Apartment Types: 3 BHK
  • No. of Apartments: 12
  • No. of Floors: Stilt + 3 Floors
  • Apartment Size Range: 1227 sq.ft – 1551 sq.ft
  • Rank Imperial price ranges from 2.02 Cr to 2.55 Cr

APARTMENT TOUR

OREL Properties is an Authorised Sales Partner – We work on NIL Fee Basis and provide complete support with data analytics, site visit, negotiations, registration

FLOOR PLANS

UNIT A
UNIT B
UNIT C
UNIT D

AMENITIES

CONNECTIVITY

The locality shares its neighbourhood with some of the premium localities such as Mylapore, R.A.Puram, Adyar & Besant Nagar. The area is well connected by Roads, Closer to the Mandaveli Bus Terminus, Train via the Mandaveli MRTS Station, which connects Velachery and Chennai Beach, and 40mins away from the airport.

OREL Properties is an Authorised Sales Partner – We work on NIL Fee Basis and provide complete support with data analytics, site visit, negotiations, registration.

For more details kindly connect with us

VENCER PALATINE, VALSARAVAKKAM

 

PROJECT OVERVIEW

Vencer projects have joined forces with a team of world-class talent to create an icon that reflects the quality, choice and excellence that distinguish Vencer Palatine. Palatine is located in Valasaravakkam offers 102 premium apartments coming in variants of 2 & 3 BHK dwellings spread across a total area of 1.19 acres of land. Palatine is crafted with emphasis on natural lighting and good ventilation, State-of-the-art specifications and immaculate finishes script the foreword to an edition of a true urban home.

HIGHLIGHTS OF THE PROJECT

  • 3 sides of Apartments have Ventilation and Natural Lighting
  • Environment-Friendly Structure
  • Premium Specification
  • 70% Open Green Space
  • 100% Vaastu compliant
  • Community living & Planned Amenities
  • Luxury homes at affordable Pricing 

FEATURES OF THE PROJECT

  • Total Land Area – 1.19 Acres
  •  Apartment Types – 2 & 3 BHK
  • No. of Apartments – 102 Premium Apartments
  • No. of Floors – B+ Stilt + 13
  • Size Range 1095  – 1714 sqft
  • Price ranges from – 78.82 Lakhs to 1.2 Cr

PROJECT TOUR

AMENITIES

LOCATION ADVANTAGES

Valasaravakkam is a residential suburb in the southern part of Chennai. It is emerging as a prime real estate hotspot due to its close vicinity to the industrial estate and IT parks. Valasaravakkam is well connected to Major National & State Highways Hence witnessing high investment growth along the corridor, connected on all modes of Transportation, the Upcoming Metro Connectivity would further enhance the infrastructure and development

CONNECTIVITY

The Vicinity has reputed Schools, Colleges, Hospitals, Entertainment Hubs, Commercial Complexes & IT Parks

OREL Properties is a Strategic Sales Partner – We represent the Developer and provide complete support with Data Analytics, Site visit, Sale Closure, Registration.

For more details kindly connect with us   9940350053/ 8939133344