Prestige Unveils Rs 33.5 Billion Pallavaram Gardens
Bengaluru‑based developer Prestige Group has launched Prestige Pallavaram Gardens, a large residential community on Chennai’s Pallavaram–Thoraipakkam Radial Road. With a gross development value of about Rs 33.5 billion, the 21.84‑acre scheme is set to become a marquee address in the fast‑growing corridor. The master plan provides 2,069 premium homes across 2‑, 3‑ and 4‑bedroom layouts, offering a combined saleable area of roughly 3.1 million square feet. Residents will benefit from easy access to key transport arteries and major employment hubs along th..
Tamil Nadu Sets Compensation For Parandur Airport Land
The Tamil Nadu government has approved the compensation payable to landowners for the proposed second Chennai airport at Parandur in Kancheepuram district, fixing payments at between Rs 3.5 million and Rs 25.7 million per acre. The figures were calculated from guideline values, recent sale prices and state level negotiations, according to a government order issued on 25 June by the Industries, Investment Promotion and Commerce Department.Although officials insist the package sits “well above market price”, residents of thirteen affected villages—who have opposed the scheme si..
Nirala World Plans Rs 10 Billion Mixed Use Duo in Noida
Real estate developer Nirala World will invest about Rs 10 billion in two mixed use schemes—Nirala Gateway in Sector 12 and Nirala Diadem in Sector 10—both in Greater Noida West. Each project covers roughly 10,600 square metres and will combine retail floors, office space and serviced studio apartments.Land acquisition is budgeted at around Rs 2 billion per project, while construction is estimated at Rs 3–3.5 billion for each site. More than 500 studio units, priced at about Rs 6.5 million apiece, will be managed by an international operator.Nirala World..
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