Background

Palace Homes^TM is a proprietary concern founded by Mr S. Kumaar, an MBA from IIM Ahmedabad (‘81 Batch), with over 25 years of senior corporate experience in India and abroad. Palace Homes^TM was started on 23rd June 2005. 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.,

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^TM’ was raised in June 2005.

Mr.Vivek Deenadayalu, Co-founder of Palace Homes^TM, 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^TM, a 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^TM has been in identifying lands at the cusp of development which will bring in a large short term appreciation. The following is the Seven Point Charter of Palace Homes^TM: Locating Land at the cusp of Development; Clear Titles; Sound Structural Design; Attractive Elevation; Quality Materials; Right Price; Strict Delivery Schedule.

Within a period of five years, he has designed and marketed more than 55000 sft. of quality residential space and has varied client profile including NRIs from about eight countries. Palace Homes^TM is poised to add another 1.5 lakhs sqft of quality affordable houses within the next 1½ years. The Group has plans to enter into infrastructure segment.

Our Strengths

The unique strengths of Palace Homes^TM 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 staff have extensive experience in building multi storied complexes and luxury homes in Chennai and abroad.  


Social Responsibility - Click here

A part of our net income is set apart to support Organisations who have a proven record in taking care of underprivileged sections of society.

Salient Features

	Clear & 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

NRI Service

NRIs who wish to buy an apartment from us will have the benefit of our comprehensive service from the time of booking till handing over of the apartment to their representative specified by them.  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 services are free except for out of pocket expenses like advertisement charges, Legal fees, Conveyance, etc. that will be collected from the respective clients.

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