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Home Authors Posts by Anamika Gairola

Anamika Gairola

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Anamika is a research-oriented writer with experience in writing blogs on home decor and real estate industry. Simply put, she knows the trend and expectations of today’s industry. She is an avid reader, wishes to travel the world, and loves to cook her favorite recipes when not writing.

Inside the luxurious beach house of Tamil actor Joseph Vijay

By
Anamika Gairola
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This December, Vijay completed 30 years in the film industry. Throughout his career, he has experienced both highs and lows. The 18-year-old Varisu star made his debut in a major role in Naalaiya Theerpu, which his father both produced and directed. The rest is history, as they say! 

The superstar’s adoring following is constantly on the lookout for a glimpse of their idol. Thalapathy has a dedicated fanbase, and media reports and social media posts about fans gathering at the celebrity’s house for a photo with him are nothing new. Undoubtedly, Joseph Vijay is a passionate, extraordinarily talented, and loving superstar who frequently grabs attention.

Let’s look at the lavish real estate purchases made by actor Vijay and how he likes to spend his free time with his loved ones and fans. 

Vijay’s Luxury House in Neelankarai, Chennai:

Actor Vijay’s residence is located on Casuarina Drive Street in Neelankarai, Chennai. It belongs to the poshest neighborhoods in Chennai. The residence of actor Vijay is a well-known landmark in the area, surrounded by lush landscaping and exterior design cues.

The actor’s house stands out visibly as you turn into the road and is decorated in a daring color scheme. The house has a large porch area that is precisely enclosed by a stone boundary wall at the front door. The entrance door of the prefabricated gazebo-like structure extends into the main entrance area, visually expanding the space.

The entrance gate stands tall, with a few small patches of greenery and plants lining the boundary wall. Despite the plants’ visual mismatch with the boundary wall, the composition looks attractive. From the main entrance, one can see the large, lavish bungalow owned by the Indian actor, which serves as an example of minimal contemporary architecture.

Actor Vijay’s house has a modern exterior with clean white walls and patterned cladding to fill in any gaps. In order to create contrast, the house’s elevation uses lateral louvers and a sizable pavilion structure.

According to a well-known anecdote, he has traveled to the United States for his shoots on numerous occasions. On one of these excursions, he was able to see Tom Cruise’s well-known beach house. After admiring the design and architecture of Tom Cruise’s home, he was inspired to build his own home in a similar manner. 

The luxurious living space in Joseph Vijay’s beachfront mansion is a wonderful fusion of elegance, beauty, and luxury. The residence of Joseph Vijay is the perfect example of contemporary architecture, down to the use of subtle yet alluring colors and the sleek exterior and lush landscaping. Let’s examine this seaside house more closely and explore its various features.

Actor Vijay’s House Price

In addition to being in a neighborhood full of celebrities, actor Vijay’s House has good access to the rest of the city. The pristine and serene Neelankarai Beach, Chennai’s hidden gem, is not far from the actor’s abode.

Additionally, Neelankarai has a number of upscale cafes and fine dining establishments, highlighting its status as a wealthy residential area. The residence of actor Joseph Vijay is conveniently located near several well-known restaurants, including Namma Veedu Vasanta Bhavan, East Coast at Madras Square, and Meraki Cafe.

Given the simplicity of access offered by Neelankarai, it makes sense to assume that actor Vijay’s home will be expensive. Joseph Vijay spent INR 70 crore on his home.

Inside Vijay’s House 

The house expertly blends the beauty of nature with modern sensibilities while being surrounded by lush vegetation. With its modern entrance gate, brown perimeter wall, substantial structure, and pearly-white front, his property stands out as it rises over Casuarina Drive Street. The design of actor Vijay’s home reflects his assertive personality, intellectual curiosity, and humble attitude. With its plain yet fashionable pearly-white hues and use of crystal-clear glass outside, his home is a lovely contrast of modernism, old-world elegance, opulence, and simplicity.

Joseph Vijay’s house in Chennai’s metropolis is truly a haven with all the comforts one could want. The garden has ample space to engage in activities like gardening or playing with his children. 

Beautifully Landscaped Garden 

The home of actor Joseph Vijay features a gorgeous, lush garden that is ideal for relaxing in the middle of nature. Joseph Vijay’s garden actually provides him with the peace and quiet he needs away from the bustle of Chennai. Additionally, a cobblestone pathway next to the garden offers some space for cars to enter and exit the property. The actor often share his picture gardening and longing in his garden.  

Stylish look with Old World Charm 

The home of actor Joseph Vijay has a classic appeal despite its stylish appearance. A beautiful contrast is made between the ivory sofa and the dark wood paneling in the living room, which has an Indian flair. Joseph enjoys time with his family, friends, and loved ones in this cozy setting, where they talk and laugh for hours. 

Stunning Porch of Vijay’s House 

There is a stunning porch area with access to the garden. The porch area is shaded by swaying trees, which offers relief from the oppressive heat. In addition, it is covered from the top, allowing Vijay to enjoy a rainy day without worrying about getting wet.

Terrace of Vijay’s House 

Glass outdoors give modern place-like look to the exterior similar to Tom Cruise’s beach house 

Vijay and his family can relax with a piping hot coffee on the outdoor patio, which has glass bannisters and overlooks Neelankarai’s lush surroundings.

Other houses of Vijay

Joseph Vijay is married to Sangeetha Sornalingam, a lovely Sri Lankan Tamil woman, and has invested in real estate there. 15 years ago, he invested millions of rupees in a house in Sri Lanka.

In 2020, there was a rumor that some Sri Lankan investors and developers wanted to seize Joseph Vijay’s land. Joseph Vijay’s team released a statement denying the allegations in order to put an end to the rumors.

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Post vacant in Gujarat RERA —150 projects waiting for approval

By
Anamika Gairola
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AHMEDABAD: For the past month and a half, two of the required three members of the Gujarat Real Estate Regulatory Authority (GujRERA) have not been appointed. As a result, no new projects have been assigned RERA registration numbers.

Over 250 complaints are currently pending with the authority, in addition to the 150 new project files that are awaiting approval, according to sources within the body.

Developers are demanding that the state government appoint the RERA chairman and two members, even on an in-charge basis, in order to continue the regular functioning of the authority.

According to sources, the position of GujRERA chairman has been vacant since November 2022, when Amarjit Singh retired. After that, D P Joshi, another RERA member, also retired, so the authority currently has only one member. As per the regulations, projects can only be approved by the chairman and the other two RERA members.

Tejas Joshi, president of CREDAI Ahmedabad, stated, “Since mid-January, no new project has been given a RERA registration number because the authority does not have the full committee. We demand that the project approval process be started as soon as possible.”

According to sources, 150 projects have finished all required procedures but are still waiting on registration numbers, preventing them from accepting reservations. This could potentially have serious financial implications for such developers.

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Union Ministry of Housing and Urban Affairs approved modifications in housing regulations

By
Anamika Gairola
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The urban body said that any person having a flat or plot with an area less than 67 square meters in Delhi are eligible to apply for the allotment of new flats constructed by DDA.

On Monday, the Delhi Development Authority (DDA) said in a statement that the Union Ministry of Housing and Urban Affairs has “approved modifications/relaxations” proposed by the DDA in the Housing Regulations, 1968, which were issued under section 57 of the DDA Act, 1957.

However, it did not specify when the central ministry has given its approval for modifications or relaxations. 

The statement said that modifications/relaxations were made with the objective enable the general public to buy DDA flats without restrictions/hassles. 

It said that any person who has less than 67 sqm of flats or plots in Delhi can apply for allotment of new flats constructed by DDA for the first time. The main provision did not allow any person to apply for allotment of DDA flats if he/she or family members were having any flat/plot irrespective of the area of the flat/plot. 

the statement said that waitlisted applicants will be allotted the surrendered or canceled flats through a mini-draw. 

The statement added that If more than 25 percent of flats remain unsold in any area or locality where they were offered for the first time, such a locality shall be deemed to be a “developing area”. 

The DDA said that no restriction in terms of having flats or plots of land in Delhi shall be applied to the applicants as and when such unsold flats in a developing area are offered under the subsequent housing scheme. 

The statement said that the Centre, the state government, local bodies, autonomous bodies of the Centre, or the state government shall be eligible for allotment of flats apart from individuals. 

the unsold flats in the developing areas may be offered online on a “first-come-first-serve” basis under the relaxed norms apart from the disposal of flats through the launch of the regular housing scheme. 

“On the one hand, the aforementioned changes/relaxations will allow those people to purchase DDA flats who were previously ineligible due to owning land or a flat in Delhi in their own name or in the name of a member of their family. However, it will sufficiently increase demand for DDA apartments,” the statement said. 

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Cochin development body digitizing rent collection of its shops and building complexes

By
Anamika Gairola
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Greater Cochin Development Authority (GCDA), will soon launch a software-based system for collecting and managing the rents of its shops and building complexes.

According to the officials, there is a massive amount of money to be received as rent arrears and the rent collection of GCDA has been a mess over these years.

Moreover, sometimes, there is confusion over calculating arrears due to clerical mistakes. GCDA aims to simplify the rent collection process by digitizing everything.

The software division of South Indian Bank is associating with GCDA for the project. Once it is implemented, GCDA will be able to easily manage the allocation and renting-out of its shops and create a database of its rent management using the software. Also, it will be easier to track the details of those shops, which are vacant and rented, its lease house history, rent details, etc.

According to a submission made by LSGD minister, M B Rajesh during the previous session of the Kerala legislative assembly, the rent arrears of GCDA amounted to nearly Rs 7 crore. Similarly, the details of the number of shops allocated or not in various shopping complexes and stadiums of GCDA too were submitted by the minister.

However, some of the GCDA officials said that the figures were not reportedly updated as the arrear amount was much lesser and there were many shops that have been rented out recently, which hinted at the lack of a proper record and management of the assets by the authorities. 

A GCDA official said that it is the first time a local body in the state is attempting to digitize the rent collection and management system. Lessees will be intimated about the rent payment date in advance through SMS, and if they fail to make payment, frequent reminders will be sent. The officials will be able to closely monitor all of these and take timely action if any is due. The system will be a model for all civic bodies in the state. 

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In Assam, over three lakhs beneficiaries have been sanctioned houses under PMAY-Gramin

By
Anamika Gairola
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Last week, the Panchayat and Rural Development Department of Assam sanctioned 3,04,218 houses to the beneficiaries.

Guwahati: On Wednesday the Assam government said that it has sanctioned over three lakh houses under the flagship Pradhan Mantri Awaas Yojana-Gramin (PMAY-G). 

Assam received a target of 3,31,193 units under PMAY-G from the Union Ministry of Rural Development, said Panchayat and Rural Development Minister Ranjeet Kumar Dass. 

Mr. Ranjeet added that Assam Panchayat and Rural Development Department has sanctioned 3,04,218 houses has been in the past week to the beneficiaries. Department has sanctioned more than 10 lakh houses in the last nine months of the current financial year. 

All the necessary steps were taken by the department to successfully implement the scheme in state. The first installment will be released shortly to the beneficiaries who have been sanctioned houses in the last one week to enable them to start the construction, he added.

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Greater Noida: GNIDA razes buildings on floodplains of Hindon River

By
Anamika Gairola
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As per the authority, it has also filed a complaint with the police for taking strict legal action against the offenders involved in encroachment of the land.

NOIDA: On Monday, The Greater Noida Industrial Development Authority informed that it demolished illegal construction that had come up on a 26,620 sq meter area on the floodplains of the Hindon River.

The Greater Noida Industrial Development Authority mentioned in the statement “Illegal constructions had come up in a 26,620 sq meter area in the Hindon floodplains near Bisrakh area. Illegal colonizers had taken over the land but they have been removed after a two-hour long operation.”

The officer on duty (OSD), Sachin Kumar Singh shared that after the demolition of the construction, a complaint has also been registered against unknown people.

ACEO (The additional chief executive officer) of The Greater Noida Industrial Development Authority, Deep Chandra has warned that strict actions will be taken against those people, who illegally occupied the land in the notified area of the Authority.

Deep Chandra also appealed to the people not to get trapped by putting their hard-earned money into illegal projects of such defaulters.

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Rajasthan: housing board decided to increase the reserve price of plots after 3 years

By
Anamika Gairola
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After this consumers will have to spend more money to purchase houses and flats in the RHB and the registry will also be more expensive.

JAIPUR: Finally after 3 years the Rajasthan Housing Board has increased the reserve price of its plots across the state. An official informed “The last reserve price was increased in 2019. After the real estate industry was hit by a pandemic, the reserve price of land was not increased. Last year, proposals were sought from all the engineers to increase the reserve price, but later after analyzing the market situation, the decision was kept on hold.”

According to the records, RHB increased the prices between 8.51% and 66%. The residential reserve price in the scheme was Rs 15,815 per square meter which was increased by 66% to Rs 26,180 per square meter. Till the year 2019 maximum increase has been done in the Mansarovar scheme of Jaipur.

The Rajasthan Housing board claimed that after the multi-crore infrastructure projects and facilities, including City Park worth Rs 10 crore, a commercial mall will be developed in the area.

The reserve price has been increased by 29% in Pratap Nagar Sanganer and Indira Gandhi Nagar.

The residential reserve rate of Kudi Bhagtasani phase 1 and 2 in Jodhpur, Govardhan Vilas (Jodhpur) and Savina Kheda in Udaipur has increased by 8.51%. The other big cities in Rajasthan have also witnessed a marginal increase.

An RHB official shared, “The residents in the recent past have started showing interest in purchasing middle-income group (MIG) and (HIG) flats. Even if the reserve price is increased, it is comparatively lesser than private players.”

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NBCC decided to settle with home buyers of its project NBCC Green view

By
Anamika Gairola
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After the project had been declared unsafe, home buyers are asking for refunds of their investments.

NEW DELHI: The company informed in a BSE filing that NBCC has finally decided to settle with the home buyers of Green View Apartment in Sector 37D, Gurugram.

The company informed in the regulatory filing “…with respect to NBCC Green View Apartment” at Sector 37D, Gurugram, it is hereby informed that the company has decided to settle with all the homebuyers/allottees by way of buy-back of their flats/units and to do all such acts, deeds and things, necessary, incidental & ancillary to give effect to the same,”

In a recent press conference, the home buyers association had shared that they had written to both CBI and Enforcement Directorate (ED) to investigate how the project became unviable and unsafe within four years of completion.

Homebuyers also demanded a refund at 15 per cent interest on their investment and minimum compensation of Rs 25 lakh.

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Indiabulls Housing Finance raised Rs. 500 crores from LIC via bonds

By
Anamika Gairola
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Life Insurance Corporation informed that it has subscribed to those bonds, rated AA (stable) by a rating company ICRA. These bonds are 10-year bonds that offer 9.70 per cent. Life Insurance Corporation couldn’t be immediately contacted for comments.

IBHF raised Rs 500 crore by selling local bonds as it seeks to expand loans given to home buyers. Two weeks ago, the IBHF also raised $100 million via an offshore from the SBI.

Indiabulls Housing Finance has presence of over 151 branches across India. This source of funding will finance a large segment of affordable housing over a long period of time.

ICRA mentioned in a note “Despite the aggressive write-offs and the conservative provisioning being carried on the balance sheet (4.5% of the loan book as on December 31, 2021), IBHFL‘s capitalisation profile is comfortable,”

Indiabulls Housing Finance reported a 10.5 per cent fall in its assets under management to Rs. 72,211 crores in the March quarter of the financial year 2022.

The pressure on the developers during the pandemic was mitigated due to the moratorium offered for loan installments under the Covid-19-related regulatory package announced by the Reserve Bank of India, still, a pickup in sales across geographies is key for the developers over the medium term.

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Securities Appellate Tribunal (SAT) has set aside a SEBI order: Jaypee Infratech

By
Anamika Gairola
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NEW DELHI: On Tuesday, Jaypee Infratech said that SAT has set aside a SEBI order which imposed a penalty of Rs. 7 lakh on the company for disclosure lapses.

Jaypee Infratech had filed an appeal against the SEBI order with SAT.

Jaypee Infratech shared “The matter was listed today i.e. July 12 and the SAT has allowed the appeal filed by the company and have set aside the order of SEBI imposing the penalty,”

“The above is based on the proceedings as transpired virtually and we shall upload the Order once the same is made available,” it added further.

According to the SEBI order in March, the company didn’t make disclosures about a series of non-convertible debenture (NCD) securities issued and listed by it, as required under market norms.

Jaypee Infratech also failed to inform BSE of the default in payment of interest/principal in respect of various series of NCDs, apart from other disclosure lapses.

The company went into insolvency in August 2017 after the NCLT admitted an application by an IDBI Bank.

Suraksha group received the approval of financial creditors and buyers to take over Jaypee Infratech in June previous year. It raised buyers’ hope of getting possession of their flats.

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