Friday, November 23, 2012

'Today' : Akshaya's next @ OMR

'Today' is an unusual name for a housing project.  It developers -  Akshaya - chose it,  presumably, on suggestion from a corporate astrologer or creative head of their advt. agency. For the record, the developers say the name was chosen , as it reflects, in every way,  their upcoming project at  Thaiyur, OMR. The housing project, with 2000 plus units, has  'an air of speed and dynamism' that today's age stands for.
The Hindu  carries a 16-page supplement anouncing  Akshaya's  'Today' project, termed  'the people's mini-city on OMR'.  Referring to Today's location, the supplement says the govt. is planning to develop a 187-acre Financial City - housing banks,  insurance companies, and other financial institutions - near Thaiyur.
Elsewhere on OMR TIDCO plans to come up with a Media and Entertainment sector Park spread over 25 acres. And then a sprawling Sports City spread over 1500 acres is in the works  on the  Kelambakkam-Thiruporur stretch.
Today, says Akshaya, would have a courtyard developed around a 65-year old banyan tree on the premises ; and they also have plans for a green patch covered with ornamental trees, shrubs, vines and a lotus pond.
Unlike most other OMR communities Today  would have a visitors' car park within the campus. At  my place, Mantri Synergy, visitors are obliged to leave their vehicles outside the main gate. The Akshaya's supplement makes no mention of car-parking designated for the handicapped.
Speaking  of parking space a general complaint  against  developers is they sell the open area as parking space,  in utter disregard to the court orders. Apartment owners associations have been fighting a losing battle against developers,  basically because the demand for housing keeps rising and even those who are aware of the rights of apartment buyers find themselves helpless in asserting their due.
As a panelist in NDTV Property Show  put it, such is the demand for apartments that developers usually close bookings for apartments  within  days of project announcement. Apartment owners associations are formed years later, during occupancy of completed flats.
Incidentally,  Akshyaya's have announced, what they call, a three-day booking marathon during which flats can be booked at discounted rate, on payment of a booking advance of Rs.2 lakhs.  Call 42008811/24968811.

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