Latest news from the chennai real estate market

Doshi Group celebrates 45th National Safety Day

Posted: March 28th, 2016 | Author: | Filed under: Uncategorized | Comments Off
In accordance with the guidelines of the National Safety Council (NSC), March 4th to 10 is celebrated every year as ‘National Safety Week’ globally.
We at Doshi Housing celebrated the 45th National Safety Day on March 4th this year, at Doshi Risington, Karapakkam, Central OMR, Chennai. The event witnessed significant participation from both workers and staff at the site.
To honour the values of NSC, the event was flagged off with the hoisting of the national safety flag. Thereafter, brief talks educated workers on workplace safety measures at the construction site.
To lighten the mood, a spell of entertainment followed in the form of dance and singing competitions for the site workers and staff.
A highlight of the event was a drawing competition, whose theme was ‘Workplace Safety’
The grand finale of the event was the prize distribution for the winners of the various competitions announced.
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Origins of the National Safety Council, India
The proposal to set up a National Safety Council (NSC), in India, for conducting a Conference on ’Safety in Factories’ and a campaign on accident prevention, was first recommended at the 22nd Session of The Labour Ministers’ Conference, in 1962.
The President’s first Conference on Industrial Safety, was organised in Delhi from December 11th to 13th, 1965 by the Ministry of Labour and Employment, Government of India (GOI). At the time, the State Governments, Employers’ Organisations, Trade Unions and Institutions concerned had affirmed the need for setting up of National and State Safety Councils.
The 24th Session of the Standing Labour Committee accepted the proposal concerning the constitution of the National Safety Council (NSC) in February, 1966. The Indian chapter of the NSC was set up on March 4th, 1966 by the Ministry of Labour, Government of India.
It was registered as a Society under the Societies Registration Act, 1860 and subsequently, as a Public Trust under the Bombay Public Trust Act, 1950.​

CEO SPEAK – “Commercial space absorption in 2015 has been a silver lining”

Posted: January 26th, 2016 | Author: | Filed under: Uncategorized | Comments Off
Here’s what Mehul Doshi, our Director at Doshi Housing Limited has to say about increase in commercial property sales in 2015.

Jan 23 2016 : The Times of India (Chennai)
CEO SPEAK – “Commercial space absorption in 2015 has been a silver lining”
Mehul Doshi, director, Doshi Housing, speaks about changes in the property market in the last two years
How has the property market changed in the last two years?After the runaway growth between 2010 and 2012, the markets started slowing down from 2013. This slowdown was mainly due to the lull in the overall economy.This has changed the market in various ways. On the demand side, we see an enduser driven market that evaluates the options available carefully. Unapproved projects or yet-to-be construct ed plans are not considered. On the supply side, developers are offering housing options that cater to investor’s requirements and fit their budget. The emergence of the compact home concept is an example of this.

How has the commercial sector fared inn 2015?

The commercial space absorption in 2015 has been a silver lining for the real estate sector in Chennai. With close to five million square feet absorbed in 2015, there has been a sharp decline in the vacancy levels in the city.Office rentals are also moving up. However, the rentals need to grow significantly to make commercial development viable and pave the way for new supply to come up in the city.

How will the real estate sector be affected by the Real Estate (Regulation and Development) Bill being tabled?
The Real Estate Bill has not been passed as yet so it is too early to say how it will impact the realty sector.

If the bill is passed, it will bring more transparency and accountability but for it to be truly effective it needs to bring in the sanctioning authorities under its fold to en sure that all the project proponents are accountable. The bill should be prospective and not retrospective and should not be made applicable to ongoing projects as it will lead to complications.There should be a robust system in place to clear the applications expeditiously.

What developments do you look forward to in 2016?

This year is going to be the year of revival of the real estate market in Chennai.There was a good response to project launches that happened in the last quarter of 2015 in the city and with other positive indicators such as improvement in the economy, higher levels of recruitment, uptake in absorption of commercial spaces and an increase in the demand for automobiles -all these developments point towards a robust residential realty market in 2016.


Sri Mahalakshmi Apartments Testimonial

Posted: January 4th, 2016 | Author: | Filed under: Uncategorized | Comments Off

The attached testimonial is received from the residents of Sri Mahalakshmi Apartments, Adambakkam. It is indeed a matter of pride for us to receive this communication for strong and sturdy construction which was not affected even during the recent spell of heavy rains in Chennai. This assumes even more significance considering the fact that this project was built by us nearly 25 years back

We thank Sri Mahalakshmi construction for their marvellous engineering of Sri Mahalakshmi Apartments at Adambakkam.


17 Tips to Play it Safe in the Monsoon

Posted: November 24th, 2015 | Author: | Filed under: Chennai Rains, Monsoon, Safety | Comments Off

 

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17 Tips to Play it Safe in the Monsoon

Chennai is seeing many a rainy spell this monsoon season and is likely to see more. And while rains are always welcome, floods are not.

Every summer we look forward to the monsoons. Whatever the Met department has to say, the fact is that there’s no quite predicting when and how the rains will treat Chennai in a given year.
Sadly, when the clouds do unleash their fury, the city is not very-well prepared;storm drains flow over (gosh, what happens to the sewage?), streets get submerged, basements and sometimes, homes get flooded. This means stagnant pools of water, power outages and danger of electrocution, mosquitoes, damp clothes and shoes, scared pets….

So, we thought we’d highlight a few ‘be prepared’ measures that will keep you safe and sound.

Stock up

Make sure you have enough groceries – especially staples like rice, atta, dals, tea/coffee and milk.
Check if you have common vegetables like potatoes, tomatoes and onions.
Keep candles and umbrellas handy
Be water-safe
Drink water that is boiled, bottled or out of an RO unit.
Have a hot shower if you get wet in the rain
Wash your feet well if you’ve tramped through pools of water
Make sure your clothes and shoes are not damp when you wear them
Don’t race your car through pools of water – your engine could get flooded and stall. Stick to a steady speed and the 2nd or 3rd gear
Say NO to stagnant water around your home and work. It is possible to have such water drained/pumped out or absorbed with sand.

Protect your pets

Look out for your pets. Animals get just as wet as humans and feel cold too. Many get startled by lightning and thunder.
Your pooch or kitty has fur that needs to be dried of well.
Try to keep them indoors and out of the rain.
Pets tend to lie under your car where it might be dry and warm, so do take a peek to ensure all is clear before you drive off and risk running over one.

Around the house

Keep windows and doors closed so no water leaks in through gaps.
Be sure to check that your clothes – especially towels and socks – are not wet or damp.
(A). They stink more in humid weather (Yeeewww!) and
(B). Moisture attracts mould, so you can get a fungal infection from using damp clothes.
Lay damp clothes overnight under a fan. Come morning, they are very likely to be dry.
Or you could use an electric iron; it comes in very handy to take the moisture out of damp clothes.

Just follow these simple pointers and you could have Monsoon Magic that is clean, safe, warm and cosy too.

 


Doshi housing has revised pricing of Risington.

Posted: October 16th, 2015 | Author: | Filed under: Uncategorized | Comments Off
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Risington’s OMG quotient is so high that it’s garnering a tremendous response – and rightfully so! At the best price you’ll find on Central OMR, perfectly located (at thriving Karapakkam), 50+ amenities, vast open spaces, a 790 acre forest as a backdrop, and the choicest 1,2 & 3 BHK homes you’ll find – no wonder scores of families have chosen Risington! We’re so happy and excited to see how many people are interested in a project that we have sunk countless hours and resources into, as well as everything decades of experience and happy customers have taught us.
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For those who have already booked, we have some great news! Your investment has appreciated by Rs.100/- per sq.ft. Risington prices have been revised from Rs.4850/-* per sft to Rs.4950/-* per sq.ft. For those who are still on the fence or in the middle of your decision-making process, better decide fast – even at Rs.4950/-* per sq.ft. Risington offers the BEST DEAL on Central OMR! This price will also be available for limited bookings only – so book your home as soon as you can! Many others already have. Prices will go up again soon!