SHREE VARU HOMES
SHREE VARU HOMES

OUR HISTORY

SHREE VARU HOMES

We are one of the leading construction and real estate companies in Chennai providing quality homes that are also affordable. All our homes are fully vastu compliant. We have been in this business for the last 25 years and delivered over 90 thousand sqft of constructed area to more than 150+ happy families.

Our motto of “Delivering Happiness Literally” is what drives our business. Whatever is your budget we have a home for you! Our principle of “Minimum profit, maximum turnover” helps us to build affordable homes without compromising on quality. Every plan has all elements of vasthu with abundant sunlight and pleasant breeze accounted for in it. We are very careful in selecting the locations of our building and equally careful in choosing our suppliers based on quality.

Customer First

Customer First

Central to our endeavor to ensure customer satisfaction is the quality of our staff. Our team is committed, resourceful, responsible and responsive and we put customers first to ensure that all their needs and demands are met. Every Shree Varu Homes reflects this strong commitment, from design and construction to the last detail, utmost care and dedication is brought in to ensure that each project of our firm showcases the benchmark of our quality

Our reputation precedes us in quality and pricing as compared to anyone in the industry. 60-70% of our sales are referrals from our happy customers. Our mission has always been to keep all our stakeholders happy…not just the buyers but our workers and suppliers too who work with us.

After Sales Service

After Sales Service

Our biggest plus point is our service after the sale. Thats right! We don’t disappear once the sale finishes. Even after a decade, we service our customers as and when needed, right from reselling to rental help, we take initiatives to help.

Local Builders

Local Builders

We are based out of Chennai and all our projects are locally based so we understand the dynamics and the needs of the people here. We look forward to helping you find your new dream home. Its an honor and a privilege to service you!

Customer First After Sales Service Builder in Chennai

CONSTRUCTION COMPANY

TRADITION OF TRUST

Our diverse portfolio represents decades of construction experience backed by a passion for quality, outstanding client service industry technologies.

Trusted Builder in Chennai

DREAMS – DELIVERED

Armed with decades of experience in property development and construction, we have added immense value to our portfolio over the years.

DREAMS DELIVERED DREAMS DELIVERED

Joint Venture (JV) - Frequently Asked Questions

Everything you need to know about partnering with Shree Varu Homes.

1What is a Joint Venture (JV), and am I eligible to partner with Shree Varu Homes?

A Joint Venture (JV) in real estate is an equal partnership where you contribute your property without spending a single rupee on construction, while Shree Varu Homes funds and manages all architectural design, CMDA/TNRERA approvals, construction, and sales. Instead of selling your property for a one-time cash payout, a JV converts your land into multiple modern apartments—unlocking 2x to 3x higher value, long-term rental income, and modern living space for your family.

You are eligible to partner with Shree Varu Homes if you own a vacant plot or an old independent house (20+ years old) in prime Chennai localities like Mylapore, Alwarpet, Choolaimedu, Vadapalani, Mandaveli, Porur, or surrounding residential hubs. Ideally, your property should extend 1 ground (2,400 sq. ft.) or more, have a minimum 20 to 30 feet access road for apartment approvals, and hold a 100% legal title with clear Patta and Encumbrance Certificates (EC).

2Does the landowner need to pay any money or take a loan for construction?

No. Zero investment is required from the landowner.

Under a standard Joint Development Agreement (JDA), the builder takes complete financial responsibility for:

  • Architectural planning, CMDA/DTCP approval fees, and TNRERA registration costs.
  • 100% of construction, raw material, labor, and engineering expenses.
  • Project marketing, sales execution, and bank pre-approvals.

Our Guarantee: Shree Varu Homes funds and executes the entire project from start to finish. You contribute the plot; we manage and finance everything else.

3Can ancestral or joint-family properties be developed under a Joint Venture?

Yes. Our legal team conducts full due diligence across 30+ years of parent documents, Patta, and Encumbrance Certificates (EC). We assist in coordinating consent execution among all legal heirs upfront to ensure the project proceeds smoothly without future legal disputes.

4What is the typical JV sharing ratio for land in Chennai?

In prime Chennai residential pockets (such as Mylapore, Vadapalani, Choolaimedu, or Alwarpet), sharing ratios generally range from 40% to 50%+ for the landowner. The exact ratio depends on your plot's location, road frontage width, total land extent, and applicable CMDA/DTCP Floor Space Index (FSI) rules.

5Can I sell or pre-book my allocated flats during the construction phase?

Yes. Once the Supplementary Allocation Agreement is formally executed and registered, you hold full legal rights to sell, gift, or pre-book your assigned apartments. If desired, Shree Varu Homes can also assist in marketing and finding buyers for your units through our sales network.

6What happens if the project construction gets delayed?

Every agreement signed with Shree Varu Homes includes a legally binding Milestone Timeline and Delay Penalty Clause. For standard residential developments (typically 12 to 18 months post-CMDA approval), if key handover exceeds the agreed schedule and grace period, we pay an agreed monthly financial compensation directly to the landowner until handover.

Live better and beautiful

Looking for a Joint Venture? We are happy to join together

+91 44 2498 3782
97100 41044
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