Palace Homes® is a proprietary concern founded by Mr S. Kumaar, an MBA from IIM Ahmedabad (‘81 Batch) having over 25 years of senior corporate experience in India and abroad. In India, he was associated with SPIC Ltd., MAC Industries Ltd and Karvy Consultants Ltd in various senior positions between 1981and 2001. He has also been a Director on the boards of several M. A. Chidambaram Group Companies like SDB LTD, Jets Electronic Press Ltd., Beta Industries Ltd, MAC Packaging Ltd., Kanakangi Investments Ltd etc. Palace Homes® was started on 23rd June 2005.
Palace Homes® is a fast growing construction company focused on providing affordable flats for all classes of people in and around Chennai .
As Group General Manager of Fawaz Al Zayani, which has operations in Bahrain/UAE/Saudi Arabia & Kuwait, he has supervised several large construction projects both residential and commercial (totaling more than 2 Lac Sft) in the Middle East during 2001-2005. He has also been closely associated with the real estate sector in Chennai for the last about 20 years as an investor and marketer with special reference to Adayar and areas south of Adayar. His fruitful associations with these companies and vast experience have provided a strong basement on which ‘Palace Homes® ’ was raised in June 2005
Mr.Vivek Deenadayalu, Co-founder of Palace Homes® , is also an IIMA graduate. He has over 25 years of widespread experience in large organizations in India and abroad. He has held the position of General Manager (Marketing) in SPIC and General Manager-Coordination in Sterling Holiday Resorts Ltd.
Palace Homes® , a Patron Member of Builders’ Association of India and Metro Flat Promoters’ Association, have been in the business of construction of residential flats in Velachery and Madipakkam areas since 2005. Expertise of the Palace Homes® has been in identifying lands at the cusp of development which will bring in a large short term appreciation. Palace homes is one of the few builder in Chennai adhere to quality and delivery. The following is the Seven Point Charter of Palace Homes® : Locating Land at the cusp of Development; Clear Titles; Sound Structural Design; Attractive Elevation; Quality Materials; Right Price; Strict Delivery Schedule.
Prof.Narasimhan Srinivasan, an IIM-A Alumnus (Batch-mate of Mr.S.Kumar and Mr.Vivek Deenadayalu), Professor of Marketing in the University of Connecticut is our Honorary Advisor.
The unique strengths of Palace Homes® are elegant elevation, robust structural design and timely completion. The identification of our sites is done in prime developing areas to give a lasting value for the investment of our clients. Our creative and energetic staffs have extensive experience in building multi storied complexes and luxury homes in Chennai and abroad
Our commitment to the Society is not content with providing housing at an affordable cost to the members of public but extends beyond in setting apart a part of our net income to support Organisations that have a proven record in taking care of the underprivileged sections of the society. Mr.S.Kumaar devotes time to serve the needy and donates liberally to educate poor children.
- Clear and marketable title
- Selection of locations with great care laying emphasis on connectivity & Immediate Term Appreciation
- Eligibility for Housing Loan from leading Banks/Financial Institutions
- Supervision by qualified and experienced Engineers
- Aesthetically designed by Architect
- Good Cross Ventilation & adequate Car Parking
- Compliance to Vasthu Principles
- Robust structural design
- Soil Test before construction
- Utilization of First Class Materials, Branded where available
- Cordial & Cooperative Office Staff
- Timely Completion
Palace Homes® , a leading property developers in Chenai, provide a comprehensive service to NRIs from the time of booking till handing over of the apartment to their representative specified by them. NRIs who wish to buy an apartment from us will have the benefit of our comprehensive service Our Comprehensive Service for NRI includes
- Co-ordination with their lawyer for obtaining legal advice
- Co-ordination with their Power of Attorney in all matters
- Co-ordination with Bankers for loan processing
- Arranging pooja at the time of fixing ‘Vasakkal’
- Colour selection for tiles as per their indication
- Interior Decoration (Based on client’s requirement and our estimate)
- Issue of advertisement in a local daily to find a suitable tenant
- Any other related service as per client’s request
These Real Estate Services for NRI are free except for out of pocket expenses like advertisement charges, Legal fees, Conveyance, etc. that will be collected from the respective clients.
