PRACHODAYA HOMES

Ekanta looks splendid

2014-11-18T02:13:00.000-08:00

Hello everyone!! So sorry for not posting on my blog since last few months. Have been very busy with our new home and decorating it.

We have successsfully completed our projects Ekanta and a bungalow at Pallikaranai. Many of our customers have moved in into their new homes. There are only two flats which are unsold and now the location of Ekanta has become more advantageous with the construction of bridge connecting Ram Nagar and Velachery 100ft road. It now takes only 5 mins to reach Velachery MRTS from our project. This will drastically reduce your traffice woes and thus you can spend quality time with your loved ones.

These are the latest pictures from our project Ekanta.

There are large windows to keep rooms at a comfortable temperature and natural light. All of the apartments feature spacious floor plans which are thoughtfully designed. Glass handrails in the balcony look impressive and these can be easily cleaned, helping them to look beautiful for many, many years. Open to sky space looks spectacular that gives ample sunlight during day.

Visit Ekanta today to view these stunning two-bedroom, three-bedroom apartments.

Latest pictures of our project in Madipakkam

2014-03-07T09:21:00.000-08:00

These are the pictures from the site EKANTA in Madipakkam. Plastering work is completed and the project is nearing its completion where tile laying is in progress.

Latest pictures of our private residence at Pallikaranai

2014-01-26T02:17:00.002-08:00

Hello dear blog readers,

I'm blogging after a quite long time. Im really sorry readers! I can't wait to share with you the updates about us. Prachodaya Homes is growing and we would announce shortly on our upcoming projects at two places in Chennai..

Our current projects are in its final stages. The bungalow project at Pallikaranai is nearing its completion. This beautiful creation looks briliant and I can't wait to see the final build of it.

The structure is a modern day interpretation of the Kerala style of architecture. The sun floods into this house through courtyard and pergola. This house revels in natural splendor.

The central courtyard in the living room is to bring natural light and fresh air into the interiors. Quite a big pergola has been built out from the home to provide a nice seating area to relax and unwind. ( the owners of this bungalow have such a great and fabulous taste)

The bedrooms are vast and one of them has gabled roof.. ( A gable is the generally triangular portion of a wall between the edges of a sloping roof ). I really hope their kids would love this room. I'm posting some of the pictures for all of you to see. Pls post your comments if you do like. I will update on Ekanta very very soon. Blogging to me is unwinding.. Perhaps, we should meet more often..

Latest pictures of our project Ekanta

2013-08-19T22:37:00.002-07:00

We have completed roof slab and brick work is in progress. We have used Porotherm clay hollow bricks in our project

as they are thermal efficient and have good sound insulation. They have recycled content, are energy efficient and are made to last since the bricks are fired at 900 - 9600 C which combined with the non corrosive nature of terracotta give the material excellent strength and above all, one gets a house that is built for generations, extending with it the values of sustainable construction.

Custom Homes by Prachodaya Homes

2013-08-06T07:19:00.000-07:00

Have land?

Great!

We are a professional residential custom home builder. We build your home on your land - the way you want it. We will work with you to make sure your home fits in perfectly. We create intelligent and cost effective designs, making use of premium materials and practical construction options for you. We design homes at your specific direction, with your input and ideas considered at every step of the way.

We would be happy to do a free site evaluation. Our experts will visit you at the site and answer questions like how your home will be positioned, the type of elevation you want and optimum use of land. Get in touch with us for free service today.

At prachodaya Homes, you will be proud of our work....

Elevation of Private Residence of Mr. Mahendran

2013-07-31T02:00:00.000-07:00

Am writing this post after a really really long time. Im sorry as I was quite busy because of our moving to new apartment. So coming to the update on the post, we are happy that the elevation of our Pallikaranai project has come and it stands just so beautifully. We are happy that we were able to make a lot of positive changes to the elevation. The clients are indeed happy about the view and so are we. This is absolutely an architecture that will look splendidly fantastic. Post your comments on the view.

Floor Plans of Private Residence of Mr. Mahendran

2013-04-25T01:03:00.003-07:00

Our latest Project is a private residence for Mr.and Mrs. Mahendran

2013-04-25T01:01:00.001-07:00

Every new home starts as an aspiration, and Prachodaya Homes is uniquely well equipped to develop the idea and create the home that surpasses the dream. We are glad to announce you about our upcoming project at Pallikaranai.

When Chennai couple Mr & Mrs Mahendran, decided to build a home in Chennai they had heard of Prachodaya Homes and turned to us for designing and constructing a private residence for them.

This Kerala style private residence is designed to give its inhabitants a moment of relaxation within Chennai. Situated at Pallikaranai, the residence is a two storey structure with a contemporary touch. The design was guided by the client’s love for vast bedrooms, glass façade, landscape and a central courtyard for ventilation.

The design mirrors a blend of sophistication and subtlety from the exterior, while the interior of the home takes full advantage of the natural light. Space is best utilised in this structure and for us optimizing the available space was a big challenge which we accomplished in the best possible way. The images show the land at Pallikaranai and the couple doing bhoomi pooja.

Construction site of Ekanta as on April 23, 2013

2013-04-23T10:27:00.002-07:00

Madipakkam grows on account of proximity to OMR and Velachery

2013-04-18T04:22:00.000-07:00

Madipakkam, a locality in Chennai, is growing on the back of proximity to Velachery and Pallikaranai. It falls within city limits and enjoys accessibility to Old Mahabalipuram IT hub, schools and hospitals.

Mass Rapid Transit System (MRTS) in the vicinity, proximity to branded outlets, MNC's and commercial centres are also reasons behind the growth of this locality.

Madipakkam is the best place for real estate investors for future. Prices have zoomed by in this locality as it is a quieter and more peaceful locality compared to other areas in South Chennai."

With the MRTS Extension happening, the growth in this locality is expected to reach the next level. Buyers or investors who purchase apartments here can also enjoy facilities like supermarts, temples, schools, hospitals and entertainment centres.

Construction site of Ekanta as on March 20, 2013

2013-04-01T01:45:00.000-07:00

Launch of our new website

2013-01-24T10:12:00.001-08:00

Hi every body, though we are fond of our blog, we really need the space and structure on our individual projects and our company's core values. Its nice to inform you all that we have today launched our official website.

Our new website prachodayahomes.com is now live. We've added an explanation of our company logo, profiles of our people, and particulars of our latest residential project. We've also included our company profile, its core values. Big kudos and thanks to Mr. Bala ( Edel Works) for all the development work. Do send us your valuable input.

EKANTA-Location Map

2013-01-21T09:46:00.004-08:00

Constuction site of Ekanta as on Jan 21,2013

2013-01-21T09:45:00.000-08:00

Prachodaya Homes Ekanta Limited Offer-Hurry!!

2013-01-21T09:34:00.000-08:00

We are delighted to share the latest developments to the customers and property aspirants of Prachodaya Homes. Limited flats available at Ekanta,at an offer price of Rs. 5300 ( incl. registration) per sq. ft.

Features and other details of EKANTA

Project Highlights

§ Garbage chutes on each floor for waste management.

§ Access with centralised security system.

§ Elevator even for a G+2 Structure among others.

§ Car parking (at extra cost) and two wheeler parking bay.

§ Utility room and a servant toilet in the stilt.

Key Landmarks

§ Prachodaya’s EKANTA sits pretty in the heart of Chennai's most desirable residential hub –Velachery.

§ It is minutes drive to the bustling IT corridor – 6 kms to Tidel Park and near to 200 ft radial road connecting Thoraipakkam, Perungudi and Chrompet.

§ It’s an easy drive from all important city hubs, IT districts, schools& entertainment centres and Chennai’s Anna domestic and International airport.

Project Location

The site is located at 10th Cross Street, Ram Nagar North, Madipakkam, Chennai amidst residential abode, with access to all important places including IT corridor and the Airport.

Features

Covered car Parking
Contemporary elevation
Vastu Compliant
Soil tested Project
Natural stone in the parking area
Power back up in common areas

Stay connected to our blog relating to this impressive property.
Any information you require on this property, feel free to post your queries.

Our company's logo

2013-01-21T03:27:00.004-08:00

After much brain storming, we have finally decided on our company's logo. We have chosen a green maple leaf which looks really beautiful and it has its own identity because it is so different from other leaves. I felt this goes well with our company's objectives. Prachodaya Homes was conceived with a notion of freshness and distinctive design homes. Maple leaves are known for their distinctive points and they are renowned not only for being featured on the Canadian flag, producing vast quantity of delicious maple syrup but also for their appearance and their quality to transform and enchant a landscape. We are as distinctive as a maple leaf. The green colour symbolises freshness in each home that we build.

Ekanta's ad in a leading national daily

2012-12-15T05:01:00.002-08:00

Work in Progress - Ekanta

2012-11-18T06:05:00.003-08:00

At Ekanta, work is in full swing as our latest project is nearing piling work. (Btw, piling is used to strengthen the soil on ground by using piling machine and able to support the load of building). The foundation work is expected to commence shortly. The pics show the construction site as on November 10, 2012.

Ekanta- Floor Plans

2012-11-14T06:47:00.002-08:00

Each and every element has been carefully put together in perfect setting for a comfortable living. The apartment boasts french windows that bring in natural abundant sunlight and ventilation. We have designed specifically 2BHK+S to provide comfortable and dedicated study rooms. All the rooms have been designed to provide adequate moving space and ample air and light.

Ekanta Elevation

2012-11-14T05:09:00.000-08:00

Sorry for the long delay...

I have had a rather long break from writing, I have been so busy getting things done, being a wife, a mother... It has been busy but so great because the time has been flying by. Things are shaping up extraordinarily well and am happy God has always stood by our side. Our project has all the approvals in place and after a lot of contemplation, we have finalized our project elevation and floor plans. The project is set in a perfect location at Madipakkam, close to Velachery MRTS, it boasts of a stilt based structure. Bedecked with a contemporary elevation, it boasts of an access controlled entrance. It features natural stone in parking areas, two wheeler parking bay for non scratch car parking, utilty room, servant room and a garbage chute system..Hold on to your breath – the G+2 apartments, Ekanta is a project that has a good mix of 2 BHK, 2+S BHK and 3 BHK units measuring between 1191 sq.ft to 1490 sq. ft.

Fascinating Contemporary

2012-07-18T02:15:00.003-07:00

Welcome, and welcome back if this is not your first visit.

I've never been so full of bristling energy. I’m reading bits and pieces of Architecture. Yes you heard it right! Wondering what an MBA is doing with Architecture?? Am slowly but gradually finding it interesting, though sometimes I don’t understand the lingo but I don’t complain. I want to understand what features a contemporary home. These days, am totally drawn towards Contemporary homes, because of their expansive glass tall windows (sometimes in irregular or trapezoid shapes), flat roof, and very little exterior ornamentation. The key to identifying contemporary-designed homes is abundant natural light and presence of many tall windows. These homes generally have unique, custom shapes. A contemporary home allows you to be comfortable without being cluttered. This style usually starts with neutral colours such as white, black or beige as a base for window treatments and wall coverings. I haven’t seen many houses in Chennai with contemporary architecture. Thanks to our Architect to let us see one of his finest creations in Alwarpet. My heart did skip a beat at first sight and I, on the spur of the moment, was resolute that his magic hands do wonders for our project.

So coming to our project EKANTA, We are awaiting full rendered views of elevations and floor plans from our Architect. I will publish it as soon as I get the particulars from our team. Meanwhile happy reading my blog!!!

For those of you who want to see how contemporary homes look, see the images.

Things to Keep in Mind Before Buying a Home

2012-07-12T01:56:00.002-07:00

Of all the dreams that a person dreams in his lifetime, the most desired is the one for owning a house. It is much more than just a real estate purchase or an investment opportunity. Every individual aspires to have a private space that he can call as home. People spend lots of time and money in making this dream of theirs come true. However, it is advisable to give proper thought and planning before making a decision to buy a new home. After all, we buy a home just once.

When you opt for a property, you should also consider the amenities like space, neighbourhood, transport, proximity to schools, hospitals, markets etc. Visit the site and cross verify that the actual amenities are in compliance with what is mentioned in the advert. Make sure the basic infrastructure like water, electricity etc. are in place. Try to find valued add-ons that will further save you on cost, e.g. a furnished plot or automatic admission in the township.

An important point to consider is that if the property to be bought is a part of some registered society. You should check the society norms for selling or renting out the property, parking space etc.

Proper verification of documents like solicitor’s title report, title certificate, Municipal Corporation approvals, No Objection Certificates, terms and conditions, relevant title certificate, IOD, CC list, copy of plan etc., is mandatory. Make sure that the agreement of sale is drafted as per the state’s Municipal Corporation.

Keep your eyes open for any hidden costs and document the entire transaction. The total actual cost should be calculated by including stamp duty, registration charges etc.

Always keep a margin of few months, in case the possession gets delayed. It is a good idea if you already are staying at a rented place. To ensure good quality, service and possession on time; go for a developer that has carved out a niche in the real estate market. Some with a well established reputation in the market. Also, get the property checked by a lawyer and engineer to avoid any legal hassles at a later point of time.

The selection of the perfect home loan provider should be done after a thorough market research. Go for the one that offers best cost, prepayments, interest rates etc. Before zeroing on the loan amount, consider your savings and your income. Don’t spend more than you can afford.

Craft a proper financial plan that would help you save enough and spend wisely. A home loan will be a huge fiscal responsibility and its better to get rid of it as soon as possible. So it would be a better idea to clear off your other debts before opting for a home loan. Assess your expenditures properly, prioritize them and save prudently. The more you save, the bigger is your down payment and repayment will be easier. Any major financial decisions, e.g., buying a car etc., should be kept on hold till the time you completely repay your loan.

Some terms related with housing finance:

EMI: EMI means Equated Monthly Installment. This is the installment payable to the housing finance company and remains constant over the tenure of the loan. The EMI you pay depends upon the rate of interest, the tenure of the loan and the amount of loan you take. For example, when ICICI Home Finance says EMI of Rs 982 per lakh for a 20 year Home Loan, it means that if you take a loan of Rs 1 lakh for 20 years at the existing rate of 10.25% you will have to pay Rs 982 every month for the next 20 years.

LTV: LTV stands for Loan To Value ratio. It signifies the loan amount that a person is eligible for a Home Loan on the total cost of property. So an LTV of 85% means that you can get a loan of maximum of up to 85% of the value of the property.

FOIR: FOIR is Fixed Income Obligation Ratio. It is used to calculate your eligibility in terms of the EMI, in which the housing finance institution takes into account all the fixed obligations that you pay every month like of all the loans previously availed before you take your Home Loan and arrive upon the maximum EMI that you can pay. The loan amount you get is derived on the basis of the EMI that you can pay. It is usually expressed as a percentage.

With inputs from ICICI Bank Home Loan and Property Buying Tips.

Residential Real Estate Market in Chennai in 2012

2012-07-10T23:38:00.001-07:00

In contrast to what was been witnessed in many of the more volatile cities over the last couple of years, Chennai’s residential property market saw steady growth in terms of pricing, demand and supply. Chennai’s residential real estate market is predominantly end user driven, and this fact did a lot to sustain consistent absorption throughout 2011. The absence of overt speculation has also ensured that developer has moved pricing of homes in a stable and gradual manner. Unnatural spiking has therefore been successfully kept at bay.

We expect interest rates to decrease over the course of 2012, and this will result in greater demand for homes in Chennai in 2012. Increased job security in the city has definitely helped the market to maintain buoyancy and a positive outlook. Over the last 12 months, it became increasingly evident that Chennai’s residential real estate market is significantly dependent on the IT/ITES sector. With employment stability in this sector looking a lot better now than it did in 2010, demand for homes has now reached a comfortable and dependable growth trajectory from which developers are taking their market cues.

CONFIGURATIONS IN DEMAND

The preferred size for 3BHK flats in Chennai has increased from 1200-1300 square feet during the recession to 1400-1500 square feet in the revival phase. The preference for 2BHK sizes has also increased from 850-950 square feet to about 1100-1200 square feet. Again, the main reason for this upgrade in preferences is increased budgets made possible by improvement in the performance of the IT / ITES sector.

This is a welcome trend which is enabling architects, planners and developers to come up with better quality dwelling units. Affordable housing units continue to rule the roost in areas where social infrastructure lags and capital values are therefore lower.

We expect overall demand for residential properties in Chennai to increase once the interest rates stabilizes from their current peak. There is a very healthy demand in both the primary and secondary markets, since supply is scarce in both owing to the severe lack of land within the city. Land pricing has, in fact, surpassed the buying capacity of developers and this has put pressure on their ability to come up with viable residential products. Lack of supply and exorbitant pricing are causing both the end users and investor segments to take a closer look at suburbs with decent infrastructure.

Suburban Demand Drivers:

Positive market sentiments

Possible softening of interest rates

Increased job security

Unaffordable property rates in the central city

Year 2011 saw residential property pricing in Chennai moving up in a phased and rational manner, which helped in sustaining the momentum. Prices rose by between 8-30% in different areas, but these rises took place in small compartments and in proportion to the actual sales in particular locations and projects. We expect a similar trend to prevail in the year 2012.

Expected Price Movement For 2012:

OMR – 15-30%

GST – 10-15%

City – 20%

NH-4 – 5-8%

AREAS TO WATCH

Madhya Kailash– Sholinagnallur

This stretch is witnessing a clear supply-demand mismatch, with demand outstripping supply. With new employment being generated in this corridor and corresponding absorption of IT space, this area and its peripheries are witnessing extremely healthy demand for residential property. Its proximity to the city adds to the appeal of this area, which will see good appreciation over the coming years. Encouragingly (and in contrast to other parts of OMR) all completed projects here are fully occupied.

Velachery

Velachery is seeing consistent growth, because it is one of the few areas which are seeing holistic and self-sustaining development. With malls and other social infrastructure improving, Velachery is definitely next in line for good appreciation. In fact, near-lying areas such as Medavakkam, Pallikarnai, Pallavaram–Thoriapakkam, the 200 FT. MMRD Road and Rajakilpakkam are already experiencing the positive fallout effect of Velachery’s growth as a residential property destination. These areas are also witnessing good absorption and capital appreciation. There is also significant demand for homes in Porur along the NH4 corridor up to Urapakkam on the GST Road.

Source: jones lang lasalle blog

Prachodya Homes launches EKANTA

2012-07-10T02:19:00.000-07:00

EKANTA will offer a total of six apartments. It is coming up over an expanse of just about 2 grounds of land at Madipakkam, Velachery. It will offer a mix of 2 BHK and 3 BHK apartments.The project will offer amenities such as Garbage chutes on each floor for waste management, access with centralised security system, elevators even for a G+2 Structure among others. The project is soil tested and is coming up near Velachery MRTS and is about 6 km from the Tidel Park.

EKANTA is ideally suited for those imaginations, who are a class apart, who love to live the good life. The Project is located in Ram Nagar, which is one of the popular Residential Developments in Velachery and is well connected by the public transport, including suburban rail network, which is one of the key factors for home buyers. The project is less than a kilometre from Vijaya Nagar bus stand and schools like DAV Public School, Sunshine Senior Secondary School and Pon Vidhyashram are in close proximity.

Advantages of buying an under construction home in Chennai

2012-07-07T04:29:00.001-07:00

Buying an under construction home is a win-win situation for both buyer and seller. The seller gets a list of customers even before he starts laying the foundation while buyers get the cost benefit as they are buying the house in a pre-launch offer. Buying an under-construction home is cheaper than buying the ready to move home in Chennai. The cost difference is significant. On an average, the difference is anywhere between 25% and 40%. This is a big difference and that makes the majority of the home buyers in Chennai to buy a home under construction. The EMI is paid as the work progresses hence the initial EMIs are low in the case of an under construction home in Chennai. If there are any minor changes that you want in your home, it is possible (this depends with the builders in Chennai).The home buyers may get higher returns on the under-construction home, since the prices are lower, This kind of return is not possible in a ready to move home in Chennai.

Source:http://www.amarprakash.in/blog/