Flats near PSBB Gerugambakkam by Welltech Properties

Gerugambakkam - Balaji Nagar

This site is located 200 meters from PSBB Millennium School and
just 800 meters from Porur Kunathur road, and
1.5 Km from Pai kadai Junction

Total 8 flats in 2 blocks with high ended specification including covered car parking,
Price 3200 / Sq.ft
EB, Sewage, Water, Registration... Extra

Project Website: http://www.welltechproperties.com/ongoingprojects/ongoingprojectspro09.html

Builders Contacts:
No: 4/10, School 1st Cross Street,
Virugambakkam, (Near Register Office),
Chennai - 600 092.
Tamilnadu, India.
T +91 (044) 3200 1300, 3299 9203
M (0) 93446 99452, 93802 88003, 98409 55389
shiva@welltechproperties.com , welltechproperties@gmail.com

MIOT Hospitals to invest Rs 300 cr on expansion to become 1000 bed Multispecialty Hospital

MIOT Hospitals, which specialises in hip and joint-replacement, expects to invest about Rs 300 crore on expanding its operations into areas of specialities such as cancer treatment, organ transplant, bone marrow transplant, plastic and cosmetic surgeries.

More facilities on cards

Prof. Dr P.V.A Mohandas, Chairman, MIOT Hospitals, told Business Line that the hospital – best known for its strengths in orthopaedics – ought to grow to become a multi-speciality hospital, and is in the process of creating additional capacity at its facility in Chennai.

capacity expansion

Although the expansion work is expected to commence right away, the hospital plans to increase its bed capacity from 450 now to 1,000 in three years' time.

To meet the growing needs of patients, the additional capacity will also include 500 rooms and 18 operations theatres, he said.

Funding

On the resources required to fund the expansion, Dr Mohandas said that part of it would be from internal accruals, partly from shareholders and the rest from banks.

Banks are expected to fund about Rs 150 crore of the project, he said.

Performance

To ensure sound financial control, the closely held MIOT Hospitals has appointed a Director-Finance Strategy.

The hospital expects to close the current financial year with a turnover of Rs 145 crore.

Source: http://www.thehindubusinessline.in/2010/02/22/stories/2010022251911300.htm

MIOT Hospitals on expansion adding up another 455 beds in International Block

Total built up area lakhs Sq ft: 6.40
No. of beds: 455
JCI Accreditation: Designed
Total Value: 220 Crores
Year: 2010 -2012

Sources: http://elhanan.in/pro_miot-international.htm

Technosoft opens centre in DLT IT SEZ, Chennai

CHENNAI: Technosoft Corporation, an IT consulting, technology and business process services company, opened its fourth global delivery centre in DLF IT SEZ Chennai. The 12,000 sq. ft facility has a seating capacity of 430 employees in two shifts. The company also plans to launch another facility in Chennai or Bangalore in a year, says a release

Source: http://www.hindu.com/2011/01/28/stories/2011012855251600.htm

Banks and IT cos drive 32% realty growth in Chennai

On the back of the revival in the infotech sector after an economic slowdown, nearly 3.70 million square feet of additional commercial space in Chennai was taken up in 2010, a rise of 32% over the previous year.
"There was clear growth visible. It was definitely a better year than 2009. SEZ space continues to see good absorption. And this year, we expect more than four million square feet to be absorbed," Rajesh Babu, chief consultant, RECS Group, a real estate consultant, said.
IT and banking back offices, which are Chennai's inherent strengths, continue to be the main drivers of demand for commercial real estate.

Medium-sized office space for corporate offices are sought after in the central business district (CBD) and surrounding areas.

The most preferred locations for IT and ITES continue to be

1. Guindy,
2. Perungudi and
3. Mount Poonamallee Road

as they are located closer to the city.

Among large deals in the SEZ space that were signed and sealed were a 5.50-lakh-square-feet deal by Cognizant in Manapakkam, followed by L&T Infotech with a 2.80-Lakh-square feet transaction. Other big ticket transactions in the SEZ space includes a two-lakh square-feet agreement by WNS in DLF IT Park, Zoho acquiring 1.80 lakh square feet, and Barclays Bank signing up one lakh square feet. Clearly, IT companies expanded more in the SEZs than in STPI-approved technology parks in and around the city.
However, there were some large STPI deals as well: 2.0 lakh square feet each signed by Bank of America and HSBC in SP Infocity in Perungudi, 1.60 lakh square feet by banking giant RBS in IndiaLand in Ambattur and 1.10 lakh square feet deal by NokiaSiemens Networks in Pacifia IT Park on OMR.
"There was a definitive improvement in 2010. Enquiries for space was very good with a clear jump in deals getting concluded. The first quarter of calendar year (January to March 2011) may not see any significant deals getting announced, but we see traction happening post March," N Hariharan, office head, Cushman and Wakefield, global real estate consultants said.
The rentals, however, have remained largely unchanged or witnessed marginal increase. "We are now in the era of stable rentals. That is largely due to excessive capacity built-up and supply overhang," Rajesh Babu said.
Deals were struck in the region of Rs 46 a square foot in Guindy in the STPI space while SEZ rentals in Guindy was around Rs 50 to 52 a square foot. On the IT Corridor (upto Perungudi), rental deals were flat at Rs 33 to Rs 35 a square foot while beyond Perungudi it was priced between Rs 22 and Rs 25 a square foot.
Though there is no clear data to quantify extent of idle capacity, industry sources say that as much as 10 million square feet of space is ready and that may dampen any rise in rentals.

 

Source: http://timesofindia.indiatimes.com/c...ow/7505345.cms

Flats by S&S Foundation coming up in Porur

S&S Foundation’s upcoming residential project near Porur Shell petrol station.

Please await for further details.

Project website: http://ssfoundations.com/projects.html