Current Sq Ft rates at chennai

Originally Posted by Nandshyam

Gurus

I got a mail from my FIL regarding plots in NRI Center City in Sriperumpudur.

Rates are Rs.599/per sq feet. they say its 15 min car drive from tambaram

Can you please give me your valuable input on the same?

Also how are places(plots for sale) near kuvathur?

Nandu,

MY bil advised against nri company. i am not sure. when the first denver city project came up he said don't go in for them..

I don't know anybody who has invested. i heard that this project comes some where near the empee distilleries.just cross check the distance on wiki...and get an idea. maybe beenas has an idea.

Kuvathur is a village on ECR Road (there is tsunami rehabilitation) almost nearer to kalpakkam right..If you are looking at investment point maybe it is viable.

development dependents on the surrounding and also the restrictions by cmda.

Originally Posted by Nandshyam

also, the other info I got apartments thats coming up in muthukadu?

I am not a chennailite... so not sure about this area?

Yes. TVH (true value homes) project is coming there.. some towers of the project will have a lake view.

IT is Ouranya bay??? and got a quote at 3200 from them...some time back....

Check out their website for more details.

oh.. will check it out shanthi... Thanks a ton for the info... :( never knew that its near something like you mentioned. The email said that its 15 km from tambaram and also 10 mins drive from the new proposed airport.. So everyone was excited ... lol lol.. will have him go and have a look.. but from your advice.. I will not go for it I guess :) but FIL aasaikaaga paarthutu vara solren

About kuvathur.. yeah investment options thaan.. they are supposed to give us the approved details this month... may be as u and beena advised will look into the guideline and check it out before leaping :)

Originally Posted by shanvy

Yes. TVH (true value homes) project is coming there.. some towers of the project will have a lake view.

IT is Ouranya bay??? and got a quote at 3200 from them...some time back....

Check out their website for more details.

Right on dot.. Yep, thats the name they mentioned Ouranya ... now I remember... yeah.. but the only thing thats holding me is the highrise apts may be a good investment.. can sell it later I guess..

BTW, did I tell you.. you and beena are awesome and thanks a bunch for all the info you guys are sharing here

Nandu,

I look at it from a personal point. what if i am given the opportunity will i go for it. (my attitude is money whose ever it is , is hard earned money)..and i like to keep it simple unless somebody asks for more details....

So ouranya bay...

I will not go for it at 3000rs. reason muthukadu is so far off. ECR maybe hot, but how far can i think off...if it were investing in a farm house like all the big shots .. maybe i would grab it.

Highrise with the view...i don't think all the towers will get the view. second, what if other high rise also develop...then the view which was the usp will not hold good later...

when i can get a apartment still nearer to the city (purva's windmere is 3000-3100) with schools, and shopping and other things nearby why will i go for ouranya bay..

Originally Posted by shanvy

Nandu,

I look at it from a personal point. what if i am given the opportunity will i go for it. (my attitude is money whose ever it is , is hard earned money)..and i like to keep it simple unless somebody asks for more details.....

very true words...

I really thankful... this is all new to me.. I was never given such big decisions to make and its really hard to make the right one.. Thanks for helping me out!!!

Originally Posted by Nandshyam

Gurus

I got a mail from my FIL regarding plots in NRI Center City in Sriperumpudur.

Rates are Rs.599/per sq feet. they say its 15 min car drive from tambaram

Can you please give me your valuable input on the same?

Also how are places(plots for sale) near kuvathur?

Dear Nandu,

NRI Center City, promoted by City Square people is on the right side of the Bangalore Highway, when you travel towards Bangalore.Some 10 km before Sriperumbudur Town you come across Empee Distilleries Factory. This is an alcoholic beverages mixing centre and you can be sure of some amount of pollution in the locality.There is a road which branches off to the right--which goes and joins a large road turning to the right in front of Motel Highway. This large road leads to Thiruvallur and is an exciting investment destination.
But the road in which NRI Center City is situated is not very exciting. I suspect you have to pass through small shanties and ancilliary units which pollute, before reaching the 103 acres promoted by City Square people.
This developer came with a bang with his advertisements and fancy five star hotel promotions. They claim some 70% of their clientele are NRIs-but I do not have details about their authenticity. They are a relatively new crop of developers, visible for the past two years or so.Like I always maintain look at the client responsiveness of the developer before taking a financial call. May be some of our pals who had invested in their earlier ventures could throw some light?
The rate being quoted also looks to be on the higher side. Rs 15 lakhs per ground is definitely pricey for that area.
15 min car drive from Tambaram is pure bs. Tambaram is on the other side of the Bangalore Highway- you have to pass through Rajiv Gandhi Statue, go to Oragadam, go to Padappai, take a left turn through Mudichur Road and then reach Tambaram. 15 min eh? Are these people meaning the proposed greenfield air port coming up in Sriperumbudur?
If so then the jury is still out on this..The Government hasn`t fully decided the location..also it will definitely take a while( at least a decade) before this piece of infrastructure comes into being and influence price movements.
Having said that the concept promoted by City Square is really interesting..providing a livable community and taking care of the needs of all the buyers in terms of construction, leasing, rental etc. The moot point is whether they can really provide all that they promise? The specifications provided for the houses of City Center do not excite me at least for the prices they charge.The lay out is good especially the 30, 40 and 50 feet roads being provided.That they do not have a Sewerage Treatment Plant is a draw back.
Also the lay out is approved by DTCP.If you ask me let us get some more information on their customer treatment and professionalism before you decide.
Look Nandhu, Sriperumbudur is a great and exciting location for investment. With the kind of developments being planned and under construction this is a real boom town. It is definiotely worth putting your money here.But please select your location.This place is infested with false documents. There are 3 different Tahsildars working here to iron out the acquisition issues. More and more large companies are being allotted land here. Avoid the left bank of the Bangalore Highway totally.
Try and pick up approved properties along the Thiruvallur Road ( which I mentioned earlier- that is a good location- you need not stay near the Highway for a good appreciation.
Lastly, today`s Hindu mention about the Government getting ready to release the Second Master Plan shortly. I think they have tabled it in the current Assembly session. Why don`t you hold your cash till a clear picture vemerges? It should not be long now.
Nandu, like Shanthi says I also consider that every body`s money is important. My way of looking to help is to provide as much information as I could so that my friends can make informed decisions.

Beena

Originally Posted by Nandshyam

Gurus

Also how are places(plots for sale) near kuvathur?

Dear Nandhu,

Koovathur is after Mahabalipuram isn`t it? This is an area which comes under the Maduranthakam-Arakkonam- Pulicat lake - ECR belt which the Government is now promoting. Marg is coming up with an SEZ called Swarnabhoomi way down this place. Good for investment if you get an approved ( DTCP) Lay out.

Regarding Ouranya Bay or this particular property I have an odd feeling that they will be subject to the vagaries of nature. Do you know that it is raining in Chennai? In the middle of March? The weather pattern is definitely undergoing a massive shift.If you can get a copy of ~ The last hours of Ancient Sunlight by Thomas Hartmann ~then please read it--it is a gripping account of depletion of nature and the consequences.
What I mean is tsunamis could be commoner than once in 60 years

Seriously 29 storey buildings are all fine.. TVH is a good developer..but does Chennai Fire Services have a snorkel which can reach 29 floors high?How long will it take to reach Padur from the city fire brigade stations? Also the apartment lay out did not look very enticing..May be I am old fashioned but I like to enter the living room first and not the dining room when I come from outside
( Nandhu, it is purely my opinion- just to strengthen the discussions).
A liittle bit of Vaastu for the elders ` sake also won`t hurt I guess...
Other than that the project looks interesting..And I don`t think that if you take an apartment facing the Muttukaadu lake your views would be affected..after the lake there is hardly any space for high rises to come up on the right side of ECR..which is governed by a new set of Developmental rules any way.From the OMR also I am not aware of any 60 feet roads which go behinf Ouranya Bay- so high rises are ruled out..of course if rules change then the game could change.
Nandhu, I know it is difficult to select a good locality..but it is better to aware of the risks before investing is it not?
But hold on it could be fun

Beena

Thanks a billion times Beena.. I am just starting to get the hang of it.. And you guys are really very helpful and God bless !!!!

Originally Posted by beenas64

Dear Nandu,
NRI Center City, promoted by City Square people is on the right side of the Bangalore Highway, when you travel towards Bangalore.Some 10 km before Sriperumbudur Town you come across Empee Distilleries Factory. This is an alcoholic beverages mixing centre and you can be sure of some amount of pollution in the locality.There is a road which branches off to the right--which goes and joins a large road turning to the right in front of Motel Highway. This large road leads to Thiruvallur and is an exciting investment destination. But the road in which NRI Center City is situated is not very exciting. I suspect you have to pass through small shanties and ancilliary units which pollute, before reaching the 103 acres promoted by City Square people. This developer came with a bang with his advertisements and fancy five star hotel promotions. They claim some 70% of their clientele are NRIs-but I do not have details about their authenticity. They are a relatively new crop of developers, visible for the past two years or so.

Wow.. so much happening there huh? You don't know how much you are really helping us : : It really gives us an insight if what actually is out there. All that email showed was the beautiful trees and stuff that you think its all sweet and green all the way to your plot Should learn not to fall for it :)

Like I always maintain look at the client responsiveness of the developer before taking a financial call. May be some of our pals who had invested in their earlier ventures could throw some light?

Yep I guess so too.. That would really really help...

The rate being quoted also looks to be on the higher side. Rs 15 lakhs per ground is definitely pricey for that area. 15 min car drive from Tambaram is pure bs. Tambaram is on the other side of the Bangalore Highway- you have to pass through Rajiv Gandhi Statue, go to Oragadam, go to Padappai, take a left turn through Mudichur Road and then reach Tambaram. 15 min eh?

yep..

Wow... lesson learnt.. unless you go check it out.. feel comfortable.. you may never know what you are getting sold into :

Are these people meaning the proposed greenfield air port coming up in Sriperumbudur? If so then the jury is still out on this..The Government hasn`t fully decided the location..also it will definitely take a while( at least a decade) before this piece of infrastructure comes into being and influence price movements.

yep.. thats the main catch line.. 10 mins from the airport.. you are sure to be in the hot spot for months to come ..

May be I should register to hindu online I guess.. Seems like I am missing most of the news.. This SunTV news is getting to my nerves lately...

Having said that the concept promoted by City Square is really interesting..providing a livable community and taking care of the needs of all the buyers in terms of construction, leasing, rental etc. The moot point is whether they can really provide all that they promise? The specifications provided for the houses of City Center do not excite me at least for the prices they charge.The lay out is good especially the 30, 40 and 50 feet roads being provided.That they do not have a Sewerage Treatment Plant is a draw back.

Agreed Beena..

Also the lay out is approved by DTCP.If you ask me let us get some more information on their customer treatment and professionalism before you decide.Look Nandhu, Sriperumbudur is a great and exciting location for investment. With the kind of developments being planned and under construction this is a real boom town. It is definiotely worth putting your money here.But please select your location.This place is infested with false documents. There are 3 different Tahsildars working here to iron out the acquisition issues. More and more large companies are being allotted land here. Avoid the left bank of the Bangalore Highway totally.

Will do so Beena.. Seems like its better not to get caught in the web and regret later

Try and pick up approved properties along the Thiruvallur Road ( which I mentioned earlier- that is a good location- you need not stay near the Highway for a good appreciation. Lastly, today`s Hindu mention about the Government getting ready to release the Second Master Plan shortly. I think they have tabled it in the current Assembly session. Why don`t you hold your cash till a clear picture vemerges? It should not be long now.

Yep, thats in the list of searches as well. but not many comes up online.. so its kinda hard whats there and whom to contact.. I guess I need to do more homework and try to figure out these things..

200% agreed Beena, I guess I will just wait for a while to see how it pans out..

Nandu, like Shanthi says I also consider that every body`s money is important. My way of looking to help is to provide as much information as I could so that my friends can make informed decisions.

Beena

I dont know how else to express my appreciation and gratitude.. You guys are really saviors ... : for people like me..

Originally Posted by beenas64

Dear Nandhu,

Koovathur is after Mahabalipuram isn`t it? This is an area which comes under the Maduranthakam-Arakkonam- Pulicat lake - ECR belt which the Government is now promoting. Marg is coming up with an SEZ called Swarnabhoomi way down this place. Good for investment if you get an approved ( DTCP) Lay out.

I am not a chennalite.. but they explained to me that its after that OMR+ECR junction..some 20KMs from that..... But your last line is the catch.. the had mentioned this "its a clear title.. no need to worry. it will be approved in a jiffy" I am sure if I should beleive them or wait.. But they say " this is phase 1, if you dont fall in now.. then during phase 2, you might not get the same rates" The rate now they say is Rs.200/sqft.

I didnt get back to them yet.. I am sure they will more than happy to accommodate me if I need to buy... atleast that what i think

Regarding Ouranya Bay or this particular property I have an odd feeling that they will be subject to the vagaries of nature. Do you know that it is raining in Chennai? In the middle of March? The weather pattern is definitely undergoing a massive shift.If you can get a copy of ~ The last hours of Ancient Sunlight by Thomas Hartmann ~then please read it--it is a gripping account of depletion of nature and the consequences.What I mean is tsunamis could be commoner than once in 60 years
Seriously 29 storey buildings are all fine.. TVH is a good developer..but does Chennai Fire Services have a snorkel which can reach 29 floors high?How long will it take to reach Padur from the city fire brigade stations? Also the apartment lay out did not look very enticing..May be I am old fashioned but I like to enter the living room first and not the dining room when I come from outside

Beena, now you scared me.. ...

I have noted down that book.. my next library or borders visit.. will try to check it out..

I just learnt a couple of days back from some post in IL that chennai is sitting on top of a seismic grinder.. so lots of learn about chennai.. the place i am planning to return back... me thinks..

Also that highrise.. I even thought abt it.. only when they started talking that developers are from singapore.. Because singapore's 80% buildings are highrise and they seem to be fine.. But again.. singapore is singapore. singara chennai is singara chennai.... We are still developing and as you correctly mentioned.. in an emergency.. how efficient are we.. is a big question..

( Nandhu, it is purely my opinion- just to strengthen the discussions).
A liittle bit of Vaastu for the elders ` sake also won`t hurt I guess...
Other than that the project looks interesting..And I don`t think that if you take an apartment facing the Muttukaadu lake your views would be affected..after the lake there is hardly any space for high rises to come up on the right side of ECR..which is governed by a new set of Developmental rules any way.From the OMR also I am not aware of any 60 feet roads which go behinf Ouranya Bay- so high rises are ruled out..of course if rules change then the game could change.

First beena... I value yours and shanthi's post so much.. you can even dictate me.. I would follow that.. because you guys are so experienced and caring that you make sure you give every single detail for us to decide... so dont worry about voicing your opinion at all.. :

Secondly.. you wont beleive it..but its my MIL who started this property discussion because she loves it.. I guess I will have to come up with ways to explain them differently now :)

Nandhu, I know it is difficult to select a good locality..but it is better to aware of the risks before investing is it not? But hold on it could be fun
Beena

I completely agree.. As you guys said earlier.. too much choices.. my eyes and jaws are hitting the knees whenever I discuss about it.. We are getting spoiled left and right ...

Thanks much beena for taking time and explaining it patiently... As I said to shanthi earlier.. I am in the process of collecting as much info as possible and let me brainstorm here with the family as well and lets see where it takes us....

I will bug you guys in a while please bear with me...

Just thought of spreading the news I received :)

-------------------
Please very fall to Land Marvel.

There seems to be many many people who have had very bad experiences with these people. But they are left with no other choice..since they have invested heavily on them.

Also promises made that they will complete by 2005 is still pending. Emails are bouncing back because their mailbox is full. Also they are very rude and completely unprofessional. Now, Since real estate is super hot , they are not sticking to the rate they originally agreed upon. After you sign the contract, let go few months and you are excited seeing the rates going up, the happiness is gone, because these people come back with higher rate.
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Wow.. : scary.. Poor people.. :( :( too much to investigate now!!!