Independent, Owner-Side Redevelopment Advisory | Chennai

Turn Your Ageing Chennai Apartment Into a Premium, Modern Asset — Funded Entirely by the Developer.

Your 30+ year old Chennai apartment sits on valuable, unutilised FSI. We unlock that hidden equity to secure you a brand-new, larger home with modern amenities — built at the developer's cost. From managing owner consensus to vetting builders and maximising your sharing ratio, we protect your interests from start to finish. ₹0 cost to owners, always.

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We are strictly owner-side representatives. We do not build, we do not sell flats, and we take no hidden commission from the developer's side of the table.

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Sound Familiar?
Why Sanskruti Foundations

One Side. Your Side.
Every Step.

Redevelopment runs on one number: FSI, the floor space your plot is entitled to under current CMDA regulations that your ageing structure never used. A builder funds the entire project — your new flat, transit rent, everything — against the right to build and sell that additional area. The terms you negotiate determine whether that trade works in your favour or theirs.

We are retained exclusively by the apartment society — never by the builder — to represent your interests through every stage, from builder selection to handing over of vacant possession for demolition and reconstruction. No split loyalty.

01
Market-Realistic Sharing Ratios

We negotiate toward the strongest sharing ratio your locality and micro-market can realistically support — fair to you, and viable enough for the builder to deliver on.

02
Fair Transit Rent, Properly Secured

We agree a transit rent that reflects genuine local rental costs, backed by an enforceable payment mechanism — so you're comfortably housed for the entire reconstruction period.

03
Specifications Locked Into the Agreement

No bait-and-switch. Floor finishes, electrical grade, concrete mix, and elevator brands are locked into the JDA as enforceable legal obligations — not vague verbal promises.

04
Enforceable Legal Safeguards

An agreement with teeth. We structure JDAs with bank guarantees and hard delay penalties. If construction stalls, the developer pays a steep, non-negotiable price — not you.

05
Long-Term Asset Value, Protected

A well-built, well-specified building holds its resale and rental value for decades — protecting the asset for you, your family, and whoever owns it next.

06
Zero Internal Friction

We manage the consensus-building process across all owners, so the project moves forward without it becoming a source of neighbour disputes.

What does this cost you? ₹0.

Here's the mechanism: our fee is paid by the developer, in fixed amounts tied to project milestones they hit — not a percentage, and not contingent on rushing your society to sign. That structure means we're paid for getting your building delivered correctly, not for getting a quick signature. Apartment owners are never billed, at any stage, for any reason.

₹0
Where our engagement ends — and why that's by design

Our formal advisory role concludes at the point of vacant possession and approval fee payment — the moment construction begins. By then, the builder has been vetted, the JDA executed with enforceable penalty clauses, specifications locked in, and the legal framework protecting your interests is fully in place. The agreement itself is your protection during construction — not our ongoing presence on site, which builders are under no obligation to accommodate once all documents are signed.

If anything goes wrong during construction, the JDA we structured gives you the legal standing to act. We remain available to advise informally, but our structured engagement — and the builder's financial obligations to us — concludes at handover of vacant possession.

Our Process

The Sanskruti 12-Point
Builder Vetting Framework

Redevelopment is a complex undertaking that demands two things of a builder above all else: deep financial reserves and proven construction capability. Across Chennai, delayed and stalled redevelopment projects are more common than they should be — typically caused by builders who ran out of funds mid-construction or spread themselves too thin across too many projects. The builder-selection decision is the single highest-risk moment in the entire process.

A generous sharing ratio from a financially overstretched builder is not a deal — it's a stalled site waiting to happen. No builder reaches your society until they clear a forensic 12-point audit covering finances, litigation, regulatory record, technical feasibility, and delivery history.

01
Liquid Financial Muscle

Regardless of market conditions, the developer must demonstrate verified capacity to fund the entire project — landowner and developer units — from their own liquidity and secured lines, not from pre-selling their inventory.

02
Execution Capability & Track Record

We don't take a builder's word for it. We visit their active sites and assess pace, labour consistency, and material flow firsthand — and arrange the same site visits for landowners who want to see it themselves.

03
Redevelopment Process Competency

Urban redevelopment in dense Chennai corridors has compliance demands that general construction does not. We verify the builder has done this before — not repurposed greenfield experience:

  • Navigating Urban Compliance: Managing the full disconnection-and-demolition lifecycle — demolition permits, TANGEDCO and CMWSSB coordination for power, water, and sewerage, and debris disposal — that general builders aren't set up for.
  • Sequential Legal Milestones: Executing the exact redevelopment chain in order — MOU, CMDA Power of Attorney, scheme design, flat and car park allotment, resident transit, JDA signing, Sale Power execution, and Gift Deed for road widening or OSR contribution — without missteps that stall the project.
04
Clean Litigation Record

We don't screen for zero litigation — minor commercial disputes are routine. We screen for contagion risk: asset attachments, Debt Recovery Tribunal (DRT) proceedings, or shareholder deadlocks that could freeze banking lines, stall construction mid-way, or put your land title at risk.

05
Clean TNRERA Record

We audit the Tamil Nadu Real Estate Regulatory Authority database — not for routine administrative filings, but for the red flags that matter: consumer class-actions, structural defect claims, or unresolved regulatory penalties.

06
Clean CMDA Compliance Record

Unapproved deviations — unauthorised floors, FSI misuse, setback violations, additional work post CC — can get an entire building sealed. We require a clean track record of Completion Certificates with no regularisation penalties.

07
Strong Rental Track Record

Transit rent should continue not just until the Completion Certificate is issued, but until electricity, water, and sewerage connections are live and the unit is ready to occupy. We confirm the builder has never used 'CC received' as a trigger to stop rent prematurely.

08
Delivery & Post-Handover Track Record
  • Legal vs. Advertised Delivery: Past project completion dates measured against contractually obligated dates, not marketing timelines.
  • Defect Resolution: Prompt, undisputed rectification of structural, plumbing, electrical, and finishing issues during the statutory defect liability period.
Deal Structure & Contract Safeguards
09
Scheme Integrity ("No Altered Schemes")

Before any agreement is signed, we independently verify the builder's proposed scheme against your plot's actual FSI entitlement, unit mix, flat areas, and parking layout — confirming it is architecturally feasible as presented, not an optimistic projection that gets quietly revised once the MOU is executed.

The FSI figure the scheme is built on is independently verified against ground-level road-width data in the check that follows.

10
Road-Width & FSI Verification

We rigorously cross-check the builder's proposed scheme against your plot's actual road-width classification, setback regulations, and applicable FSI under the Tamil Nadu Combined Development and Building Rules (TNCDBR). Where the official road width is in question, we mandate a physical survey extending 250 metres in both directions from the property — removing any room for last-minute FSI downgrades once the project is underway.

11
Title Deed vs. Joint Patta Reconciliation

We reconcile your plot area across two authoritative sources: the Title Deed and the Joint Patta. Where the figures diverge — and they often do — we use the lower of the two for all architectural planning. Every unit count, every FSI calculation, every sharing ratio is built on that number. Not the builder's number. The one that holds up.

12
Balanced JDA & Financing Restrictions

The JDA must be fair to both parties, with the Power of Attorney structured in stages that match the approval sequence — so owners never relinquish more legal control than the project has actually earned at each milestone. The developer is also barred from mortgaging or creating any charge on the land, existing structures, or either party's allocated units — project financing must come from their own resources, keeping your title unencumbered throughout.

12/12
Checks Required

Every builder we introduce to your society has passed all 12 checks — no exceptions. A financially sound, fully-vetted partner offering a realistic ratio is far more likely to deliver on time than an aggressive offer from a builder who can't sustain it. Your free feasibility review starts with us establishing exactly what your plot is worth before any builder enters the conversation.

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For Boutique Builders

Pre-Vetted Land.
Zero Wasted Pitches.

We work exclusively with financially disciplined developers who compete on structural integrity and craftsmanship, not just scale. If that's your firm, every deal we bring you has already cleared owner consensus and legal due diligence before your first meeting.

What We Deliver
100% Owner Alignment — Managed and Delivered

We actively manage the consensus-building process across every owner before a project is ever presented to a builder. By the time you're at the table, internal disputes have been resolved, families are coordinated, and the society is ready to execute. You inherit the outcome — not the process.

Pre-Vetted Property Dossiers

Walk into a deal with fully audited road widths, reconciled UDS (Undivided Share) statements, verified parent document trails, and precise CMDA/transit proximity parameters — all pre-packaged before your first meeting.

Realistic, Sustainable Commercials

We structure balanced JDAs where sharing ratios protect your margins while respecting owner rights. We eliminate the unrealistic demands that kill project viability before construction even starts.

Conflict Resolution

Complex sub-negotiations, family partitions, and tenant disputes among owners are settled before you deploy capital. You step into a clean, ready-to-sign transaction.

Our Non-Negotiable Builder Criteria
The Standard We Expect
Why We Enforce It
Financial Liquidity
Proven cash reserves to sustain baseline construction costs without relying entirely on early pre-sales.
Clean TNRERA Record
Zero active consumer disputes, structural defect lawsuits, or regulatory defaults.
Scheme Integrity
A firm commitment to build exactly what's promised in the MOU — with zero last-minute specification downgrades.
Punctual Rental & Delivery History
A documented track record of never defaulting on landowner transit rent and hitting strict delivery timelines.
Clean Regulatory Footprint
Zero history of severe structural CMDA violations or unapproved building deviations.

Our fee is a project cost borne entirely by you, the developer — structured as a fixed engagement, triggered at successive milestones:

Phase 1 — Alignment & Due Diligence
Scheme Finalisation  →  Flat Selection by Landowners  →  MOU Signing  →  Legal Due Diligence  →  Joint Patta
Phase 2 — Execution & Approvals
CMDA Power Execution  →  Authority In-Principle Approvals  →  JDA Signing  →  Sale Power Execution  →  Vacant Possession  →  Approval Fees Paid
This milestone marks the conclusion of the Sanskruti advisory engagement.
No retainer. No upfront charge. You pay only as the project advances — which means we only earn when we deliver.
Call Us: +91 75500 50550 → Or email us at redevelopment@sanskrutifoundations.com to discuss partnership opportunities.
The Third Path

Self-Redevelopment Sounds
Like Freedom. It Isn't.

Keeping 100% of the extra flats sounds perfect on paper. But there's a gap between owning land and running a multi-crore construction company. Here's what "going it alone" actually requires of your society.

01
You Pay Retail. Builders Pay Wholesale.

Institutional developers negotiate material costs through standing, long-term supplier relationships built across dozens of projects — pricing a single housing society simply isn't positioned to access. That per-unit gap, on every material across every floor, compounds into crores over the course of construction.

02
The Labour Dispute You Can't Walk Away From

Institutional developers absorb contractor disputes and labour disruptions through standing legal teams and alternative vendor relationships built over years of market presence.

03
The Bureaucratic Maze

CMDA permits, TNRERA registration, environmental clearances, and fire NOCs all carry real penalty for a single missed step — a massive fine, or a work-stop order. Institutional developers maintain in-house legal and compliance teams built specifically to catch this before it happens. That infrastructure takes years of scale to build — a society managing a single project has no path to it.

04
The Contractor Leverage Problem

Premium contractors prioritise institutional developers who bring them repeat, future business — a structural advantage no single project can offer, regardless of how well it's managed. That ongoing relationship is what enforces quality and schedule discipline on-site.

05
You Become the Sales Team

Unsold "extra" flats need active sales management — buyer inquiries, home loan coordination, broker commissions, pricing strategy. Institutional developers run dedicated sales teams for exactly this.

Feature
Self-Redevelopment
The Sanskruti Model
Financial Risk
Extremely high: personal liability and asset exposure for landowners
Zero financial risk to owners — the builder carries it.
Project Management
A part-time job: the housing society must manage the site daily
Professional oversight: experts manage the project on the owners' behalf
Legal Compliance
A personal burden: the society bears full legal and regulatory liability
Professionally managed: legal and regulatory liability handled end-to-end.
Execution Risk
Full execution risk borne by owners — cost, delay, and quality outcomes unprotected.
Contractually protected delivery — a vetted builder carries the execution risk, not you.

Questions We Hear
from Owners

Redevelopment is one of the largest financial decisions your society will make. Below are the questions owners most often ask before their first conversation with us — answered in full, no jargon left unexplained.

FSI (Floor Space Index) = Total built-up area across all floors ÷ Plot area.
FSI = Total built-up area across all floors ÷ Plot area
If your plot is 5,000 sq ft and the FSI allowed is 2.0, you can build 10,000 sq ft in total.

Your building was almost certainly constructed under older, lower FSI limits. CMDA has since revised them upward. That gap — the FSI your existing structure never used — is what makes redevelopment financially viable. The builder uses that extra permitted area to construct and sell new units — that's their profit. It's also what funds your brand-new flat, at zero cost to you.
Base FSI is the buildable area you're entitled to by right. Premium FSI is extra area the developer can purchase from CMDA by paying a specific fee — but only if your road qualifies. Roads narrower than 30 feet don't.

Why it matters: total FSI (base + premium) directly determines the plot's development potential. The higher that number, the stronger your position — a larger flat and a possible goodwill.
The road in front of your plot sets both your Base FSI and the Premium FSI ceiling. Wider road = more density permitted, because the infrastructure can support it.

The table below is a rough guideline — actual figures depend on building type, plot specifics, and current CMDA rules.

Road width vs. FSI:
Abutting Road Width Base FSI Premium FSI
(% of Base FSI)
Max Total FSI
30 feet 2.00 30% 2.60
40 feet 2.00 40% 2.80
50 feet 2.50* 40% 3.50*
60 feet & above 3.25* 50% 4.88*
*Higher Base FSI applicable only for multi-storey buildings.
Just because the government permits a certain FSI doesn't mean a builder can always achieve it. Three constraints get in the way:

Setbacks — Mandatory open spaces required on all sides of a building (front, rear, sides). These directly reduce the buildable footprint — the actual ground area you can build on.

Plot geometry — A narrow or irregularly shaped plot may not leave enough usable footprint after setbacks, making it physically impossible to consume the full permitted FSI.

Height limits — CMDA caps how tall a building can go based on its category. Once you hit that ceiling, you can't add more floors to use up remaining FSI.

Not all plots are equal, even when FSI numbers look identical on paper.
Tamil Nadu's TOD (Transit Oriented Development) policy gives a fee discount on Premium FSI for buildings within 500 metres of a CMRL, MRTS, or Sub-Urban rail station.

Building Type Outside TOD Zone Inside TOD Zone (≤500 m)
High-Rise 40% of guideline value 20% of guideline value
Non-High-Rise 50% of guideline value 25% of guideline value

The Premium FSI fee is effectively halved inside the TOD zone.

Why it matters: lower statutory costs for the builder means more room to negotiate — a larger flat or better goodwill terms for your society.

As part of the free feasibility review, we check whether your plot qualifies and quantify the saving in rupees.
Once the offer is accepted by all landowners with a signed consent, the process follows a strict sequence:

1. Preliminary Building Scheme
The number of flats per floor, average flat size, individual flat layouts, and stilt car parking are all worked out first. In practice, replacement units rarely match eligible area exactly — some owners relinquish a few sq ft, others buy a little over their entitlement. Owners need to be slightly flexible; the builder's goal is to maximise the floor plate efficiently. When this scheme is finalised, owners proceed to flat selection.

2. Flat Selection, MOU & Title Due Diligence
Owners choose their replacement units — including car parks — and an MOU is signed. All owners hand over copies of their title documents, upon which the developer conducts legal due diligence to confirm clear title and secure the Joint Patta in all landowners' names.

3. CMDA Liaison GPA & Demolition Approval
Each owner grants the builder a Power of Attorney to liaise with CMDA, Corporation, RERA, EB, and CMWSSB on their behalf — covering approvals, demolition, utility disconnections, and new connections as needed.

4. CMDA Plans Submission
Architectural and structural drawings are submitted to CMDA for review, along with the demolition approval obtained earlier from the Corporation.

5. CMDA In-Principle Approval
CMDA issues in-principle clearance confirming the scheme is approvable, indicating the fees payable — a critical milestone before any major commitment is made.

6. Joint Development Agreement (JDA)
The JDA mirrors the MOU in substance but is the legally binding version — locking in all terms: unit sizes, timelines, transit rent, and penalty clauses.

7. Vacant Possession, Original Deeds & Sale Power
All residents vacate, original title documents are handed over, UDS is relinquished based on the agreed sharing ratio, and the builder receives the legal right to sell their share of units.

8. CMDA Fees & Final Building Permit
Only now does the builder pay the CMDA development and Premium FSI fees. With the permit in hand, a bhoomi pooja is held — all owners are invited — and demolition and reconstruction begin.
CMDA development and Premium FSI fees are one of the largest upfront costs in any redevelopment project — often running into crores. No builder will pay them while residents are still in the building or while landowners retain full leverage over the land.

By handing over Vacant Possession, Original Deeds, and Sale Power first, the builder's capital is no longer at risk. Once those three are in place, the permit is live and demolition begins — no remaining obstacles.

This is also why owner awareness matters: knowing exactly what you're handing over, and when, is essential to protecting your interests at every stage.
Two phases:

Pre-construction — Owner consensus, builder selection, MOU, and CMDA approvals. Typically 6–12 months, depending on owner alignment and regulatory queue.

Construction — Demolition to handover. Typically 12–36 months, depending on total built area, number of flats, and whether it is a high-rise or non-high-rise.
Ideally, yes. 100% consensus gives maximum leverage with developers, faster execution, and significantly reduces the risk of disputes mid-project.

That said, unanimity is no longer a legal bottleneck. Under the Tamil Nadu Apartment Ownership Act, 2022 (effective 2024), a project can proceed with consent from two-thirds of owners — a small minority can no longer permanently stall everyone else.

In practice, 100% remains the safest route. Majority-driven projects carry a higher risk of legal challenges and construction delays.
There's no single mandatory rule — the method is decided by majority vote within your Apartment Owners Association (AOA).

Three models are commonly used:

UDS-Based — Total eligible area divided equally among all owners, since everyone holds an equal share of the land. Carries the most legal weight.

Old Built-Up Area — New area distributed proportionally to what each owner held in the old building. Larger old flat = larger new flat.

Hybrid — A portion of eligible area divided equally, the remainder proportional to old built-up area. The split (e.g. 70/30) is agreed by all AOA members.

In our experience, the Hybrid model is often the fastest path to 100% sign-off — it balances legal correctness with practical fairness.
In most cases, yes.

Under the Tamil Nadu Apartment Ownership Act, 2022 (effective 2024), a redevelopment project can proceed with written consent from at least two-thirds of owners. One or two holdouts can no longer permanently stall the project.

Before this Act, 100% consent was mandatory — a single objection could trap an entire society in a deteriorating building for years.

If a minority continues to object despite fair and equal terms, the majority now has a clear legal path forward — and judicial avenues where necessary.
No — and this is a common misconception.

Your land location sets your base value. But the market price of an individual flat is heavily influenced by its physical condition. A unit in a 30+ year old building carries structural liabilities, dated layouts, ageing utilities, and parking constraints. Buyers will not pay new-construction rates for it.

The premium a developer commands on a new launch reflects what the old building entirely lacks: modern construction, dedicated car parks, modern amenities, structural warranties, and the builder's execution risk across a 24–36 month project.

Redevelopment bridges that gap — at the builder's cost, not yours.
In most cases, yes — but not always.

Older Chennai buildings were constructed under lower FSI limits. Your plot almost certainly has unutilised FSI under current CMDA regulations. That extra buildable area funds the builder's profit through developer units sold in the open market — your replacement flat is typically larger and fully modern, at zero cost to you.

The sharing ratio — largely determined by locality and micro-market selling prices — is what ultimately drives how much larger your new flat will be.

However, if the existing building was constructed beyond its permitted FSI, the builder's headroom is significantly reduced. In such projects, owners may end up with a replacement flat smaller than their current one.
Yes — most developers offer a discount on extra area purchased beyond your eligibility, typically structured as a per sq ft reduction from the post-approval launch price.

Two things to keep in mind:

The discount isn't fixed. It varies by locality and the developer's margins. There's no standard discount rate across projects.

It applies to your replacement flat only. The discount covers additional area added to your replacement flat. If you want to buy a separate new flat, expect to pay market rate.
The builder pays monthly transit rent to every owner from the day you vacate until you receive possession of your new flat — with working electricity, water, and sewerage connections.

Transit rent amount is locality and micro-market specific and is locked into the JDA.

Payments are made as bank transfers on the 5th of every month, after applicable TDS deduction. NRIs are subject to a higher TDS rate.
Looking solely at commercial terms ("Value") or brand name ("Brand") when choosing a builder is a mistake.

The Value builder offers a higher sharing ratio — but aggressive offers mean thin margins. When costs rise or approvals are delayed, thin margins lead to stalled construction, quality compromises, or transit rent defaults.

The Brand builder offers a lower sharing ratio in exchange for institutional trust and better resale value — but a reputed name is only as good as the execution team assigned to your specific site. Large builders often spread teams thin across too many concurrent projects.

The real deciding factor is execution integrity. Evaluate on three things:

Cash reserves — Does the builder have liquidity or secured credit specifically allocated to your project?

Delivery track record — Not portfolio size. Actual on-time completions without litigation or quality disputes in the last 3–5 years.

Dedicated project bandwidth — Who exactly is managing your site? A dedicated project manager and engineering team, not rotating staff.

A lower sharing ratio from a builder who finishes is worth more than a high ratio from one who doesn't.
No — and that's intentional.

Every builder we work with has cleared our 12-point vetting framework. If your society has an existing relationship with a builder, we'll run them through the same audit. If they pass, we can proceed. If they don't, we won't represent the project — and we'll show you exactly why.

Our credibility, and your protection, depend on not compromising on this.
Only if the builder's offer letter states it explicitly — and follows through.

Flat selection happens after the offer is accepted and the preliminary building scheme is finalised. The selected flat — number, floor, wing — is then documented in the MOU and carried through into the JDA.

If it isn't documented at each stage, it isn't guaranteed.
Most objections we hear aren't against redevelopment — they're against a badly run one. That's a legitimate fear, and the right response to it is a well-structured process with legal protections, not pressure.

The most common concerns:

"My children are abroad / I'm elderly / I'm attached to this home" — Redevelopment returns you to the same plot and community, just rebuilt. A vetted builder handles relocation support and pays fixed transit rent throughout.

"I recently renovated" — A sunk cost, typically outweighed many times over by a new, larger, warrantied flat.

"I don't have a car, parking doesn't matter to me" — Dedicated car parks significantly improve resale and rental value even if you don't use them.

"We tried before and it failed" — Usually reflects an unvetted, unprotected process. Not a reason to avoid redevelopment — a reason to do it properly this time.

"I'd rather wait for better market conditions" — Delay lets the building age further while construction costs rise. There is rarely a perfect time.
Our fee is a mandatory line item in the developer's project budget — paid out of project capital, not deducted from your deal terms.

Think of it like a Project Management Consultant: funded by the project, but answering exclusively to you. The party writing the cheque does not decide whose side we're on — that's contractually locked to your society before a single builder is approached.

We earn our fee only when your project completes on terms you've accepted.
This is determined by project economics and mutual agreement — there is no fixed rule.

The key variables that shape the outcome:

Headroom (additional saleable area) — The more surplus area the developer can build and sell beyond what's owed to owners, the greater the capacity to absorb GST. A plot with tight FSI utilisation leaves very little margin.

Selling price of new flats in the locality — Higher realisations per sq ft allow the developer to absorb statutory costs without passing them on. Projects in high-value micro-markets are better positioned.

Sharing ratio — A more owner-favourable ratio means fewer saleable units for the developer. Less inventory = thinner margin = less room to absorb GST.

TOD benefit — If your plot falls within 500 m of a CMRL, MRTS, or Sub-Urban rail station, the Premium FSI fee is effectively halved. That saving improves project economics and creates headroom that can offset other costs.

Guideline value of land — The Premium FSI fee is calculated as a percentage of guideline value. A higher guideline value increases the developer's upfront statutory burden, tightening the margin available to absorb GST.

Who bears it will be stated in the developer's offer and carried through into the MOU and JDA. It should never be left unaddressed.

Have a question that isn't answered here? Our senior consultant will walk through your specific building, with you, directly — no scripts, no pressure, no cost.

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Your Building.
Your Future.
Your Best Deal.

Most apartment owners go through redevelopment once in their lifetime. Developers do it every day. We bridge that gap.

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Serving apartment society owners across premier Chennai micro-markets, including:
South Chennai Adyar, Besant Nagar, Thiruvanmiyur
Central Chennai Nungambakkam, Mylapore, Mandaveli, Alwarpet, Poes Garden, Gopalapuram, Boat Club Road, Raja Annamalai Puram (RA Puram), T. Nagar
West & Suburban KK Nagar, Ashok Nagar, Anna Nagar, Nanganallur