Mitsubishi forays into Indian real estate, buys 70% stake in ongoing residential project

By Rohit Sharma CHENNAI Shriram Properties Limited and an investment arm of Mitsubishi Corporation, Japan recently have inked agreement for partnership in an ongoing large residential development project in Chennai. Under the agreement, Mitsubishi arm is investing approx Rs180 crores towards 70% stake in an ongoing residential project Shriram Park 63. The project

Chennai

PROPERTY RATES Approximate selling price per sq.ft. rates in rupees (builtup/super builtup area) of Residential and Commercial (including Shopping) in Mumbai and Navi Mumbai updated upto 16th February 2013. Rates may be more by 50 to 100 % depending on  location, amenities, etc. These rates are not applicable in slum areas

Chennai Property Rates

NEW PROJ. RENTALS LOCATION RESIDENTIAL COMMERCIAL RESI. RESI. COMM. 2009 2017 2009 2017 2015 2017 2017 Adyar 3800-4800 7000-12000 5200-8200 7200-14200 11500 45 150 Alwarpet 3400-4900 4000-11000 4500-6200 7500-16200 15500 35 120 Besant Nagar 3200-4900 4000-7000 4200-7500 4200-11500 10000 40 120 Chetput / Kilpauk 3100-4700 4000-8000 4200-6200 5500-11200 9000 35 55 K.K.Nagar 2200-3700 3000-7000 3000-5000 3400-9200 7000 35 55 Tiruvanmiyur 2700-3200 2200-4000 2500-4500 2500-8500 6000 35 110 Mylapore 2700-3200 2000-3400 2400-4200 2400-5200 4200 30 45 Nungabakkam 2000-2900 2400-4400 3800-4300 3800-6300 6000 55 75 T.Nagar 2400-3400 2500-3800 3200-4800 3200-4800 4500 40 75 Kodambakkam 2500-3800 3000-4000 2400-4100 2400-4100 5000 30 65 Chamiers Road 2200-3000 2800-3050 2500-3800 2200-3800 3800 35 70 Raja Annam. 2800-3050 2800-3450 2200-3800 3800-5200 3700 20 60 Royapettah 2800-3450 2800-3450 3800-5200 3800-5200 4200 30 70 Egmore 2400-3000 2400-3000 3000-4200 3000-4200 4000 30 60 Valasaravakkam 2100-3400 3000-4000 3800-5800 3800-5800 4500 20 80 Anna Nagar East 2450-3200 2450-3200 3200-5200 3200-5200 5000 40 115 Guindy 2200-3700 2200-3700 2700-4700 2700-4700 5500 30 70 Velacherry 2800-3100 2800-3100 3200-4800 3200-4800 5000 30 70 Shastrinagar 2400-3000 2400-3000 3200-5200 3200-5200 5000 30 70 Ashok Nagar 2200-3200 2200-3200 3200-5500 3200-5500 4000 30 70 Lloyds Road 3500-4200 3000-4000 4000-6200 4000-6200 6200 30 90 Radhakrishnan Road 2500-3000 2500-3000 3200-5000 3200-5000 4000 30 55 Mount Road 3000-5500 3000-5500 4600-7500 4600-7500 7500 40 75 Please note that the rates are indicative and may vary depending on Age, Location and condition of the property. These rates includes Pugree rates also. Commercial do not include Shops and Malls.