VGN Brixton- New project

VGN Brixton is a Mini Township coming up in around 23 acres at Irungatukottai (where Hyundai car factory is located), west of Chennai. 

The project will be using AFW (Aluminium Form Work) technology. AFW uses only concrete and steel (in place of bricks) with a pre-fabricated aluminium mold to offer better strength and finish. 

VGN claims that this feature is usually available only in higher-end premium projects and that even with this feature and other amenities, the rates will be fixed at Rs.1985/sqft only. 

Sizes : 
2 BHK : 740 to 850 sqft 
3 BHK : 1000 to 1235 sqft 

Features and Amenities include.. 

* Maharishi Vidya Mandir school within premises 
* Gymnasium 
* Multipurpose Hall 
* Home Theatre suites 
* Indoor Games 
* STP Plant 
* Convenience store 
* Pharmacy 
* Saloon 
* Coffee Shop 
* ATM 

VGN 'S Brixton Project

Source :India Infoline News Service / 15:39 , Nov 30, 2010

VGN Developers Pvt. Ltd., one of the leading real estate developers in Chennai, announced the launch of ‘Brixton, a contemporarily designed residential complex to be built using international ALF Technology.

VGN Brixton, which is coming up at Irungatukottai, opposite Hyundai, has been designed to offer a wide range of apartments for everyone to choose from. The project, spread across 23 acres, will have 1872 housing units, covering a total built-up area of 1.6 million sq.ft 

The project comprises of two and three BHK apartments ranging from 740 sq. ft. to 1,235 sq. ft., and is loaded with superior specifications and lifestyle amenities to provide a comfortable lifestyle.

Speaking on the occasion, Pratish Devadoss, Managing Director, VGN Developers Pvt. Ltd. said “VGN Brixton will set a benchmark in the industry by using ALF technology for a project priced at Rs. 1985. ALF technology offers superb finish and stronger structure and will also enable us to deliver the project faster. It is conveniently located at Irungattukotai, opp Hyundai just after Poonamalle well connected by 6 lane highway. We have priced the project very competitively and in the process made luxury homes affordable”

VGN Brixton will offer its customers, a wide range of features and amenities including Gymnasium, Multipurpose Hall, Home Theatre suites, Indoor Games, STP Plant, Convenience store, Pharmacy, Saloon, coffee shop, ATM and more offering paving the way for a happy living. Maharishi Vidya Mandir in the premises will offer quality education for the children which is a main priority for any parent. 

With better commuting facilities and a six lane high way, VGN Brixton is all set to become one of the best living destinations in the fast developing corridor in the region.

VGN Brixton will be delivered phase wise and phase 1 will be delivered from end of 2012.

ALF Technology: Brixton is built using Aluminium form work technology (ALF) without using any bricks. ALF technology uses only concrete and steel with a pre fabricated aluminium mould to offer better strength and finish. ALF technology so far was used only in a luxury and premium project because of the additional cost. Now VGN brings this technology to Brixton to offer better quality finish for affordable housing project priced at Rs. 1985.

Wipro, Cognizant,IBM for big-ticket realty deals

4 DEC, 2010, 01.06PM IST, SHILPA PHADNIS,TNN 

 Riding on the rapid recovery from recession, many large firms are signing up big-ticket commercial real estate deals in different parts of Bangalore. 
Industry sources say that Accenture has committed to take 8 lakh sqft in Pritech Park on the Outer Ring Road (between Marathalli and Sarjapur Road). HP and Wipro are said to have recently taken 2.5 lakh sqft and 1.2 lakh sqft respectively in Pritech. 

The east and south of the city have been the traditional IT belt, but now the north too is buzzing. IBM, Cognizant, Accenture and HP will be renting space in the second phase of Manyata Embassy Business Park near Hebbal.

Sources in the industry say that IBM has committed to 5 lakh sqft of office space in Manyata phase II. The Big Blue has already occupied 3 lakh sqft in the first phase of the park. 
"There is a lot of demand from our existing IT clients," Embassy Group CEO Gopi Krishnan said. The IT sector, he said, continues to expand at the highest rate in Bangalore. "In 2007, we signed an agreement with IBM to deliver 2 million sqft of space over the next four years," Krishnan said. 

The IBM portfolio is so huge that it contributes 33% to Embassy's rental revenues. Other companies like Cognizant and Target are also looking at Manyata as part of their expansion plans. Embassy is developing an additional 9 mn sqft in Manyata. 

Real estate consultancy CBRE estimates that Bangalore has seen an absorption of 6.8 mn sqft of office space this year. That's up from the absorption of 5 mn sqft in 2009, but still lower than the peak of about 10 mn sqft in 2008. "As companies are expanding and consolidating their operations , we see the demand for commercial real estate going up," said CBRE deputy MD (south India) Ram Chandnani. 

The majority of the expansion is expected to come up along the Outer Ring Road, and the micro markets of Whitefield , Jayanagar, JP Nagar, Bannerghatta Road and north Bangalore. "The buoyancy in the market is also reflected in the rentals. For instance, rentals on Outer Ring Road have stabilized between Rs 40-50 per sqft. In 2009, rentals had fallen sharply," said Kaustuv Roy, executive director of Cushman & Wakefield India . 

The pan-India office space demand over the next five years is estimated to be about 240 mn sqft. 

Bangalore, NCR and Mumbai are expected to account for 46% of the total demand. Kolkata and Chennai are likely to see higher growth rates though, with suburban locations having attractive price points, according to a Cushman & Wakefield report.