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Since its inception in 1995, Akshaya has set higher standards for itself, inspired by the Sanskrit origin of its name, which means ‘endless pursuit’.
Founded by T Chitty Babu, a professional engineer, it has grown into one of the most respected real estate companies in the state, reputed for its transparent business practices and innovation.
It has streamlined its systems to earn ISO 9001:2000, ISO 14001:2004 and 72 Best of Chennai OHSAS 18001:2007 ratings, and was awarded the CRISIL DA3 rating in 2006. As an affirmation of its robust business practices, this rating was upgraded to DA3+ in 16 short months.
Says Babu, Chairman and Managing Director, “It is essential for a real estate developer to respect the importance of a home to the common man. We must ensure that we deliver value with each project, and at Akshaya, we lead by example.”
Akshaya is one of the early initiators of the extension of the boundaries of Chennai, foraying into OMR and GST Road for its projects. Among its residential buildings are the aesthetically designed Pacific City, Adair and Adora, and the commercial buildings are Stanz` Part and Gandhi Square. All of them reflect the business transparency and reliability of the company. It has put in place an extensive system to deliver clear title deeds, strict adherence to norms, timely delivery, and high construction quality.
Says Babu, “Over the years, we have found that ambiguities persist among home buyers pertaining to rights of ownership, maintenance charges and documentation modalities. A lack of insight into rules and regulations of civic bodies and other relevant authorities have proved detrimental for some. We realised there is a latent need for a forum or platform to empower all home aspirants about the finer details essential to buying a home.”
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