DISCLAIMER

We are updating our website to comply with the (RERA) Real Estate (Regulation and Development) Act, 2016 and the rules and regulations set out which came into effect on May 1, 2017. While the Company takes sufficient care to ensure that the information on the site is up-to-date and accurate, we urge readers to make their independent enquiry before relying on it.

This website is for providing guidance on our product. This is not an offer or contract. Design and specifications are subject to change without notice. The computer-generated images are the artist’s impressions are an indicative of the actual designs. In addition, the actual design and construction may vary in terms of fit and finish compared to those found in the information and materials posted on this site.

By accessing and browsing Amarprakash website or by using or downloading any content from it, you agree and accept the Terms of Use described below. The Company reserves the right to add, change or delete materials of the website at any time, and may revise these terms without notice. The website contents are intended to inform readers about ourselves, including our various projects, initiatives, CSR activities, etc. No images, materials, projections, details or any other descriptions available or displayed on the website shall be deemed to makeup advertisements, solicitations, marketing, an offer to sell, an invitation to offer or an invitation to gain property.

They are only general information and are subject to change. By no effort of imagination, the information on the website shall be interpreted as an advertisement and / or an invitation or an offer for sale. Therefore, you are required to make independent enquiries to verify all details including, but not limited to area, amenities, services, and terms of sale, payments and other relevant conditions before taking any decision to buy a unit’s from any of our projects. Until the details are fully updated, such information shall not be construed as an advertisement.

They are only general information and are subject to change. By no effort of imagination, the information on the website shall be interpreted as an advertisement and / or an invitation or an offer for sale. Therefore, you are required to make independent enquiries to verify all details including, but not limited to area, amenities, services, and terms of sale, payments and other relevant conditions before taking any decision to buy a unit’s from any of our projects. Until the details are fully updated, such information shall not be construed as an advertisement.

To learn more about projects / developments, please call +044 4000 5000 or visit our head office / sales office during working hours and contact an authorized Amarprakash sales representative.

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Growing Land Value in Chennai and Other Districts of Tamil Nadu

Many people are interested to buy land in Chennai since land value in Chennai and other districts of Tamil Nadu is showing a steady growth. Due to the increase in population and development in infra-structure, many companies are coming up in Chennai and other districts of Tamil Nadu. Since lot of people approach towards Chennai for job opportunities, there is a high demand for real estate properties in Chennai, which in turn provides a steady growth to the land rates in Chennai.

Glimpse on land value in Chennai

The guideline value for a land is fixed by the Government of Tamil Nadu after assessing lot of metrics including the facilities and growth in various sectors in that locality. Usually, the land rates in Chennai market are higher than the guideline value of land in Chennai. Sometimes, there may be lot of differences noticed between the guideline and market values and people would be selling in high prices. In order to balance the huge gap in between, the guideline land value in Chennai is corrected to match the market value. But, sometimes the market value may be lesser in Chennai suburbs, but the land rates in Chennai suburbs fixed by the Government would be higher. This will sometimes lower the interest of people looking for land in Chennai suburbs which will definitely be notified to the IG for registration department in the meanwhile for corrections. The land rates in Chennai and its suburbs are affordable to buy and people show lot of interest in investing in real estate since long.

Many people travel to Chennai everyday for their job from the nearby locations like Thiruvallur, Chengalpattu, etc. So they prefer to buy land in Thiruvallur, Chengalpattu, etc. for the land value in Thiruvallur, Chengalpattu, etc. are affordable to buy. The land value in Thiruvallur, Chengalpattu, etc. also shows a steady growth which is good sign in the real estate market.

Impact of recent financial budget on land value in Coimbatore, and other districts

Recently, the honorable Finance Minister of India, Mr. P. Chidambaram has reduced the interest rate on home loans up to 25 lakhs in the recent finance budget 2013. This has got a direct impact on the real estate market with the increase of home buyers in smaller cities like Coimbatore, Madurai, Trichy, etc. Due to this there is a steady growth in the land value in Coimbatore, Madurai, Trichy and other districts and small cities in Tamil Nadu. Since the land value in Madurai, Coimbatore, etc. is showing a steady growth, it would be beneficial for the buyers who prefer buying land in these areas.

Taking into account the land value in Madurai, Coimbatore, Thiruvallur, and the impact of recent financial budget, many banks are offering loans for purchasing properties in these places. With the increase in the land value in Coimbatore, Madurai, Thiruvallur, several NRIs also opt for properties in Tamil Nadu. Because of the liberalization of foreign policies and Government’s move to allow foreign direct investments in India, many NRIs and foreign companies have shown interest in buying properties in Tamil Nadu, which has a direct impact on land value in Thiruvallur, Chennai, Madurai, Coimbatore, etc.