Posts Tagged ‘Marg Properties’

Marg Brindavan

Thursday, January 20th, 2011

Marg Brindavan is strategically nestled between Sriperumbudur and Oragadam in the automotive corridor of Chennai. Marg Brindavan is an apartment ideation of MARG Properties,  for property aspirant it is a dream wish.It is spread over 16.5 acres, Brindavan will feature 14 blocks (2 & 3 BHK) with 14 levels of 12 apartment units in each floor, thereby making it a total of 2,184 units. All the units in this project will be 100% vaastu compliant.

MARG Brindavan Project is located between Sriperumbudur and Oragadam on a 200 ft expressway. It is just 4 kms away from Sriperumbdur and only 8 kms from bustling Oragadam junction. There are many schools and colleges located in & around our project which are within the 20 min drive distance. The project will be completed within the 24 months time (i.e.) by Dec 2012.

Features

  • 100% vaastu compliant.
  • Centrally located Club house is well designed with Lobby, Community hall, Library, Fitness centre, Restaurant, Swimming Pool, Creche, and Indoor games.
  • Multi level car park with proper traffic designs is strategically located in close proximity to all the blocks
  • Ample spacing between blocks along with the orientation of majority of the buildings in North-South direction provides breezy airflow and ventilation.
  • Specially designed Landscape with Elder’s plaza, Pavilion, Spiral amphitheater, Children play area, Multi-use Sports Court and jogging track.
  • Efficient Unit plan with good carpet to saleable ratio, less wastage of space and circulation
  • Amenities include Polyclinic with pharmacy, Saloon and Convenience store
  • Elegant elevation and the landscape gives a spectacular view to the project
  • Introductory offer Rs. 1999/sq ft for limited period.
  • 800 sqft and above apartment comes with a balcony
  • 990 multilevel car parks, 403 stilt car parks and 309 open car parks

Neighborhood

  • 39 km from Chennai Airport
  • 3 kms from Nokia (Sriperumbudur SEZ)
  • 8 kms from Oragadam SEZ
  • 9 kms from Sri Venkateshwara Engineering College
  • 11 kms from Hyundai

Amenities

  • Power backup
  • Specially designed Landscape with Elder’s plaza, Pavilion, Spiral amphitheater
  • Children play area
  • Multi-use Sports Court and jogging track
  • Separate room and toilets for drivers in each block
  • Amenities include Polyclinic with pharmacy, Saloon and Convenience store
  • Elegant elevation and the landscape
  • 100% vaastu compliant.
  • Centrally located Club house
  • Lobby, Community hall, Library, Fitness centre, Restaurant,
  • Swimming Pool, Creche, and Indoor games.
  • Yoga Center
  • Elders Plaza & Pavilion
  • Wind Sculpture
  • Shuttle Service

MARG Properties the residential arm of MARG, India’s fastest growing infrastructure company provides value enriched homes and builds everlasting relationships; this underlying philosophy reflects in everything that MARG Properties does. Right from features like upgrading to a better home, to getting the assured carpet area and even with the simplest things like providing assistance in selecting home furnishings from our exclusive shortlist of associates the home seekers interests always get high priority.

  • No Of Apartments     – 2184 apartments
  • Size            – 611 sq ft – 1054 sq ft
  • Pricing         -   Rs. 12 – 22 lakhs

Master Plan

Hiving off realty biz will add value to investors

Tuesday, January 4th, 2011

In an interview with Chennai-based Marg Ltd- GRK Reddy, Chairman & Managing Director of Marg spoke on the purpose of hiving off the residential real estate business. Below is a verbatim transcript.

Q: What exactly you are contemplating, what are the projects you are transferring to, is this is a new subsidiary Marg Properties?

A: Marg Properties is a 100% subsidiary of Marg Ltd. So primarily it will take care of all the property business which are in Marg Group because Marg as a parent company is into  Engineering, Procurement & Construction (EPC) and it has investment in the port business.

We have about 12 projects at various locations in Chennai and mostly in the affordable segment. We want to take all these 12 projects into a separate company.

Q: What is the exact size of this real estate business and do you have any plans to list Marg Properties?

A: No, at the moment we don’t have any plans because all these land banks were acquired some time back. These are all affordable homes. They are self sustainable projects. That business requires a different focus and also the business requires different kind of a business approach. So we wanted to take the EPC and port business and property business separately. So that’s the objective.

It is totally about 12 projects. The value of the project is about Rs 1400 crore which most of them are launched projects and within the next 24-30 months they will be handing over to the customers.

Q: What is the purpose of hiving off at all? What will it do into the P&L? will it make any difference to the investor?

A: From the investor’s perspective the management’s focus will be more on the EPC and the port business which will give good valuation to the investor. What we have in the port and EPC will get more focused. That way it will give value addition to the investors.

Source: moneycontrol.com