Land Marvel Commendable Maanasa Project

This land marvel commendable project is located at Balakrishnan Naicken Street, West Mambalam, Chennai - 33 ideally situated in a shady and crowded place surrounded by residential complex in southwest Chennai having easy access to all important places in the city. This Project has Ground + Three floors and was completed in 1998. Mambalam was a village in the Saidapet taluk of chengalpattu district. Thiyagaraya Nagar and Nandanam stretch all along its eastern frontiers while KK Nagar lies to its west. The Ayodhya Mandapam is an important landmark.

Land Marvel Commendable Mercury Project

This land marvel commendable project is located at Navarathna Gardens, Ekkaduthangal in Defense Colony which is a pollution free area of South West Chennai and close to Airport, GST Road. It has 100 Feet Road well connected to all the places in the city. This project has Ground + Three floors and was completed in 1996. The Sea, OMR, ECR, GST Road and Chennai Meenabakkam Airport have close access to this place. It is surrounded by Jafferkhanpet, Guindy and Ramapuram. Located close to the Kathipara Junction and abutting the Guindy Industrial Estate, the region is experiencing rapid growth including technology parks, namely, Olympia Tech Park, Thamarai Tech Park,  Virtusa and five-star luxury hotels such as Hilton Chennai. The Chennai Metro under construction also passes through Ekkaduthangal.

Land Marvel Commercial Builders in Adyar

Land Marvel construction the residential arm of Land Marvel commercial spaces, the fastest growing company provides value enriched commercial complexes and builds everlasting relationships; this underlying philosophy reflects in everything that Land Marvel constructions does. 

Set near  to Mullainagar,  West Tambaram. Land Marvel Hill country is the ideal location to call for. Proximate to every necessity of urban life from bus and rail facilities to shopping areas, Hill county culminates the best of commercial buildings. Encounter buildings that expand horizons at Land Marvel chennai.

 

Getting To Know Real Estate in chennai

Real estate is the cornerstone of business for some people and those who deal with this sector can make a lot of money from it. It is something that is absolutely vital to those who are looking to either get themselves on the property ladder or indeed for people who just want to find a place to live. Therefore one will need to have a look at the different websites which will show numerous property listings and much more in order to find the perfect place.

Nowadays people are lucky enough to find that there will be numerous real estate property management companies operating on both local and national levels. Some of these firms will deal mainly with one specific type of property, whether it be commercial or residential real estate. Others are going to be a little more general in their business approach.

Of course, it is going to depend on what the customer themselves is seeking as to which companies they’ll be hunting down. In today’s world renting or buying a place has never been any easier: people can do it with the click of a button after selecting the right place for themselves. One needs only to look through the listings in either newspapers or on the Net.

There are also plenty of management companies which will advertise around the town. Another thing to remember is that when one has taken a look through the catalog, the customer can then contact the company. On the catalogs, there will usually be a list of features that each property has as well as the prices for the entire unit, depending on whether it is going up for rent or to sell.

For those who want to either rent or buy in a specific area, then contacting the agent will be the next appropriate step. Make sure that a viewing is organized for a nearby date in the future, and don’t be late. At the moment it is absolutely vital that one makes sure that the place is up to the individual’s standard. Having a notebook and a pencil is important to take note of things.

For those who are planning on renting either a house or an apartment, it is going to be important to make sure that one has a list of everything that is wrong with the house. Even if they happen only to be small damages, then one needs to make sure that these are taken into account as well.

Land lords might try their best to squeeze money from their tenants at times, and although this isn’t usual practice it is important to be prepared. They may attempt to blame certain damages on one person and this is never a good sign, as it will often involve them losing their security deposit.

So as one can see, when it comes down to real estate in chennai, certain things need to be considered. Of course, it will naturally dependent on what one is planning to do whether it is buying or renting.

Make Your Walls More Interesting (Part – 1)

Our ideas have kept flowing on how to make your home look elegant. As part of this effort we thought if we could discuss about walls while being built, can be made more attractive and after being built, how pretty they can be designed or painted. Keep your Chennai Flat promoters in loop before you ask for some structural changes in the wall during the building stage.

While Building the walls

1) In the living room select the wall that is going to be the highlight of the room. Ensure this wall is free from anything like an unplanned electrical fitting in the middle that hangs out, a concrete slab, any unwanted perforation in the wall etc. The wall can be either plastered or left unplastered. As we have seen in our earlier post on living room interiors, the unplastered living room highlight wall can be colored to give a rugged appearance.

2) Highlight walls can also be tiled with rugged stones or ethnic tiles to give an elegant look.

3) All electrical fittings should be properly concealed inside the wall and plastered.

4) In the Kitchen, ensure the walls are given perforation outlet for exhaust fans or exhaust pipes of electrical chimneys in the construction stage itself. These perforations can preferably be on to one side instead of occupying the middle section of the wall.

5) The wall area between the kitchen slab that houses the cooking range and the kitchen cabinet has to be preferably tiled with ceramic tiles.

6) The walls in the bathroom have to be given adequate perforation for fixing exhaust fans and are more often plastered with ceramic designer tiles. The wall area surrounding the wash basin also has to be tiled for rich look.

Decorating the walls

1) The highlight wall of the living room can be decorated by hanging some artworks. The artworks can be illuminated by light fixtures that are fixed on top. While selecting the artwork for the living space, one has to keep in mind the right size of it to ensure it goes well with the dimension of the highlight wall.

2) Any slab on the wall can be painted in matt white color for it to stand out elegantly. Placing ceramic wares as part of the interiors adds beauty to the wall. The ceramic ware with an indoor creeper plant adds a natural touch to the surrounding.

3) In the Kitchen stainless steel railings can be fixed in the walls to house extra cookery items.

4) In general, walls if plastered can be either painted with array of colors available in the market or can be fixed for wall papers. Wide varieties of wall papers are available.

 

Further Details: Apartments in Chennai 

 

 

 

 

 

Constructing your dream home at budget cost (Part-2)

In our last post we saw how we can reduce the cost of construction in building the basement and walls. In our second and final post, we shall discuss other general things we need to keep in mind while we try to reduce the cost while you construct your dream home.

Touch base with contractors: Contractors or maistries who can tell you approximately what the cost of your dream house would be. All you need to give them as input is the details like square foot area, what amenities you would like the house to have etc. Well experienced contractors, Chennai home builders also would get into the details of what materials / brands you would want to use thereby telling you the near cost of the entire finished structure.

Compare: The best way to go forward while calculating the cost is to study the market. Check what price a newly built individual house is being sold by Chennai home builders. The price of such example homes can give us an idea of what our dream home should ideally cost. By simply subtracting the land price, we can get the cost of the home. Now divide this amount with the built up area in square foot and we can arrive at per square foot cost.

Decide the features: One always has to remember the fact that addition of more features means addition of cost. Hence it is imperative that to have an inclusive cost equation, decide prior what features have to be present and what not given the budget constraints. If you love to have certain features done in a later stage but cannot now due to cost constraints, the ideal thing to do is to give provision to include the feature in a later stage.

Shape of your dream home: By and large if you keep the shape of the rooms in your dream home either rectangular or any box shape with not much angles, the cost works cheaper.

Change in Plans: Beware of change in plans as such changes whether they might be desirable or undesirable is sure to hike the cost. So before embarking on changing a set plan, think twice. If the change is inevitable and you are ok for the extra cost, you can go ahead with the change.

Fluctuating cost of certain materials: This certainly is a factor on which no one has any control. So check the inflation of the material cost and always give room for a reasonable price hike in the course of construction and include this speculative price rise in your budget. So in this way you are ready to face any price hike while the construction is on.

Further Details : Flat Builders in Chennai

Constructing your dream home at budget cost (Part-1)

When we decide to build our dream home, many a times we would want to get theconstruction done at budget rates. Sometimes we think we can handle the cost by simply going in for second quality construction items. But rather using bricks and sand that are available and produced nearer to your place can immensely contribute to lowering the cost.

Ways and means of reducing the construction cost:

The cost of construction can be because of two general factors viz., cost of constructionmaterials and cost of labor. By procuring construction materials produced nearer to theconstruction site, material cost can be reduced and by properly planning the construction / work schedule the labor cost can be significantly reduced.

An important point which most of us do not really think over is proper planning. Anyconstruction activity if properly planned can result in substantial cost saving. The more emphasis on beautifying the construction activity, the more is the spending. Rather if we can restrict ourselves to need based construction, cost can be controlled.

Laying the Basement: Laying concrete pillars that are 3-4 feet and 6 inches in thickness may cost 10-15% of the total construction cost. Instead laying a basement with gravel and red soil, and with granite stone basement that are 2 feet in depth can substantially reduce the cost. By using appropriate soil in the basement, cost can be reduced to a minimum of 15-20%. Concrete can be used around 6” and not more than that. This optimum usage of concrete results in substantial cost saving.

Building Wall: Instead of building wall that are 23 cm in width, 15 cm wall can be chosen. This gives twin benefits of not only reducing the cost but also can end up giving more floor space. Instead of traditional bricks, hollow bricks can be used. Aluminum panel windows with glasses can be used instead of wood which has become very costly these days due to non availability of wood.

Generally the outer wall should be built for 9 inches and the inner walls inside the home can be built not more than 4 inches. This thumb rule can result in lower cost. The bricks that are used for constructing need to be soaked in water for 24 hours.

This effectively reduces the need for more water used for curing the wall. In other words, only limited quantity of water is required for curing purpose. This measure not only reduced cost but also has a positive impact on the environment.

 

Home Loans & Mortgage Loans Better Understood (Part-2)

In our last post we discussed different terminologies and definitions that are used in Home Loans / Mortgage loans. In this post we shall discuss in details the different type of interest rates available with various financiers while they provide Home loans. Primarily there are two types of interest rates, one is the “floating rate” and the other is the “fixed rate”Floating Interest Rate

Floating interest rate, also known as “Variable Interest Rate” or “Adjustable Interest Rate” refers to any type of interest rate that is not fixed and keeps varying over its tenure typically using a base rate. In India the base rate is fixed by RBI and the general nomenclature for this is Prime Lending Rate or simply PLR. The actual floating rate of interest paid by borrowers is generally a margin rate added on to the PLR. Very rarely we come across situations where the floating rate is lesser than the base rate.

It is to be noted that Home loans / Mortgage loans in most countries are floating rate loans. In India very unfortunately borrowers predominantly do not understand the concept of floating rate and often mistake that the tenure of the loan is sacrosanct and that it does not change. This can be attributed to the fact that very few borrowers essentially understand the terms and conditions before they sigh the mortgage documents.

Typically, floating rate loans will cost less than fixed rate loans, depending in part on the yield curve. In return for paying a lower loan rate, the borrower takes the interest rate risk: the risk that rates will go up in future. In cases where the yield curve is inverted yield curve, the cost of borrowing at floating rates may actually be higher; in most cases, however, lenders require higher rates for longer-term fixed-rate loans, because they are bearing the interest rate risk.

Fixed Interest Rate

Fixed interest loans are interest rates that typically do not fluctuate at all over their tenure. The borrower in this case can know for sure what is their future payments as it is largely not changed. Generally fixed rates are higher than the floating rates and people generally do not prefer either due to ignorance about floating rate or due to the fact the floating rates are typically lower and can offer lesser EMI in the immediate time frame.

A fixed interest rate is based on the lender’s assumptions about the average discount rate over the fixed rate period. For example, when the discount rate is historically low, fixed rates are normally higher than variable rates because interest rates are more likely to rise during the fixed rate period. Conversely, when interest rates are historically high, lenders normally offer a discount to borrowers to fix their interest rate over time, as rates are more likely to fallduring the fixed rate period.

Further Details : Apartments for Sale in Chennai

 

Home Loans & Mortgage Loans Better Understood (Part-1)

In our first post on the above series, we shall be looking at Home Loans and Mortgage loans more from the Indian perspective, understand a bit of different interests rates available in the market and how banks service

Mortgage Loan – Definition

Mortgage loan generally refers to the loan secured by pledging an already existing home for financial needs. This definition is purely in Indian context. In India Home loans are for purchasing a new home where the disbursement of the loan amount is made in full by the financier / banks or for constructing new home where the disbursement is released in stages by the financier / banks vis-à-vis the progress made in the construction.

Typically in western countries Mortgage loan generally refers to all types of Home loans. According to Anglo-American property law, a mortgage occurs when an owner pledges his or her rights to the property, as a collateral to the loan.

As like any other loans, mortgage loans and / or home loans comes with interest rate and the payment is by generally EMI as per the amortization schedule spread over a repayment period ranging from 20 years to 30 years depending on the policies of the financier / bank that provides with the loan.

Now let us see some popular terminologies used in the financial circle when dealing with mortgage or home loans;

Property: The physical residence being financed in question here refers the property.

Borrower: The person borrowing the loan in exchange to mortgaging his / her interest on the property who in other words is either having or is creating an ownership interest in the property is called a Borrower.

Lender: Usually a bank or other financial institution qualifies to be called a Lender. Typically In India, lenders can also be individuals who lend money. In America, lenders may also be investors who own an interest in the mortgage through a mortgage-backed security. In such a situation, the initial lender is known as the mortgage originator, which then packages and sells the loan to investors. The payments from the borrower are thereafter collected by a loan servicer.

Principal: The original size of the loan, which may or may not include certain other cost refers to the Principal Amount. As and when principal amount is repaid in parts, the principal will go down in size and the loan interest is calculated for the remaining Principal amount only.

Interest: A financial charge for use of the lender’s money is referred as Interest. There are many different varieties of Interests employed by bankers. We shall discuss them elaborately in our next post.

Foreclosure or Repossession: The possibility that the lender has to foreclose, repossess or seize the property after paying the principal along with the applicable interest and other charges if any is essential to any mortgage loan.

Apartments For Sale in Chennai

When someone is trying to find a new home in chennai, they may look up real estate listings in chennai. These listings  may hold information that is crucial to picking out the right place to view. Some people will look through pages of listings and make a short list of homes there would like to view in person. Find out what makes a good listing and how to sort them out.

One of the first things that a person will look for when hunting for a home, is the location. They may type in a city chennai and a certain area that may be important to them. If nothing really pops up, then the person could change cities or broaden their search.

Pictures of some listings are important to help lure people to it. Many people will scroll down the list of homes in the area and may stop only at the ones that are appealing. This photo is important in capturing the essence in the rest of the ad. If someone is taking a picture of their house or condo, they should pick the best picture from the outside and use that for the main cover.

On the inside of a listing, there will need to be lots of important information disclosed to the buyers. This information could include the size of a home along with measurements in each room. Number of bedrooms is important as well as the number of washrooms present on each floor. Some people will type in specific items about their needs in order to refine the search.

Main features will be highlighted in a section about the listing. This information may include some top features in the home. Things like AC, central vacuum and a fenced backyard could be ideal choices for someone who is looking. Some people want to know if the basement is finished and what aspects of the listing are new.

If there are any new features or work that has been done, a listing is the place to highlight it. New flooring, a new roof, windows and furnace could be of importance to a buyer. Someone searching through many listings and advertised homes may find that just a few have some of the things they are looking for.

Pictures taken in the rest of a home, can help to take people inside the home for a quick glance. Homeowners may snap photos of all the best qualities of any inside and outside highlighted spots. These images can help to create an image of a listing that some viewers will want to see. If there is something outside that looks special in the home, that shot could be taken and posted on a listing. A great deck, pool area, or garden could be an image used to post in a listing.

 When real estate listings in chennai are used to help people find homes, they can help to narrow down a search. Buyers can use sites that help them key in on specific locations, sizes and features. Pictures and additional information can prove to be important when hunting for a new place to live.

 

Land Marvel Construct Sai Kripa

Land Marvel Construct Sai Kripa

 

The Plot area located at First Cross street, Indira Nagar, Adyar, Chennai – 600020. This Project has Stilt + Two floors located in a posh area well connected with all places and completed in 2007.

 

Land Marvel Construct Sun Flower

Land Marvel Construct Sun Flower

 

Ideally located at IInd Cross Street, Indira Nagar, Adyar, Chennai – 20. In pollution free with green shaded trees and calm and quiet atmosphere in South Chennai. This project has Stilt, Ground + Two floors and Completed in 2007.

 

Land Marvel Construct Meena Marvel

Land Marvel Construct  Meena Marvel

 Located at IInd Cross street, Indira Nagar, Adyar, Chennai – 20 peaceful and calm area in south Chennai with access to all important places in Chennai, a residential multistoreyed building has Ground + Two floors and completed in 2007.

 

 

Land Marvel Construct Ecstasy

Land Marvel Construct Ecstasy

 

The site is located at 12^th Cross Street, Indira Nagar, Adyar, Chennai – 20 amidst residential complex, free from pollution with access to all important places including IT corridor and the Airport. This project has Stilt + Four floors and completed in 2006.

 

 

Land Marvel Construct Lavendor

Land Marvel Construct Lavendor

 

This plot is located at Nethaji Nagar, South Lane, Thiruvanmiyur in South Chennai very close to the Sea each abetting ECR surrounded by multicomplex residential flats and commercial units. This project has Ground + Two floors and completed in 2005.

 

 

Land Marvel Construct Chetpet

Land Marvel Construct Chetpet

 

The site is located at Jaganathapuram, Chetpet, adjacent to chetpet railway station, Kilpauk Medical college and Hospital off the Bangalore Highway in West Chennai, having easy access to IT corridor, Airport, Colleges and other places in the city, Sterling Road, Haddows Road, College Road, Harrington Road, etc. This project has Ground, Mezzanine + First floor and completed in 2002.

 

Land Marvel Construct Narayana Castle

Land Marvel Construct  Narayana Castle

The site is ideally located at Crescent road, Shenoy Nagar in Chennai west with pollution free and shaded trees well connected with all places surrounded by residential flats. This project has Ground + Three floors and completed in 2003.

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Land Marvel Construct Venus

Land Marvel Construct Venus

 

The site is located at Arthreyapuram, 1^st Street, Choolaimedu in West Chennai and built with modern technology. This project has Ground + Two floors and completed in 1999.

Chennai City close to Mambalam railway station. This project has Basement + Three floors with open car parking space and completed in 1999.

 

 

Land Marvel Construct Uranus

Land Marvel Construct Uranus

 The site is located at Postal colony, West Mambalam, Chennai – 33 sandwiched between Ashok Nagar and West Mambalam Railway station in West Chennai in a thickly populated area having easy access to all places. The famous ashok pillar is close by. This Project has Ground + Four floors and completed in 1998.

 

 

Land Marvel Construct Nest

Land Marvel Construct Nest

 

The site is located at Mudichur road, Tambaram, Chennai in a busy locality 20kms South of Chennai off the GST  Road and close to Tambaram railway station. Tambaram is the Gateway in the South to Chennai with Air force station near by. This project has Basement, Ground, Mezzanine + First floor and completed in 1997.