Update about SSM Builders, Perungulathur? 50% discount on price?!

Discussion in 'Housing' started by gopituty, Aug 28, 2012.

Page 1 of 15
  1. Aug 28, 2012 #1
    gopituty

    gopituty Silver IL'ite

    Messages:
    390
    Likes Received:
    61
    Trophy Points:
    68
    Gender:
    Male
    Hi All.. Just got an update from my friend that SSM Trust (Srimathi Sundaravalli School) is coming up with flats in their Perungulathur complex and they are giving 50% discount on the total price if the 50% is paid in cash now. (i.e., if the price of the flat is 40lacs, we need to pay only 20lacs cash now)..

    Addl info:
    CMDA approval will be received by Novembor.
    Current Sq ft price is Rs.3500/- (In April, it was Rs.2950/-)
    Expected Completion is on April 2015.


    Heard that this offer is there for the last 4 months. But still wondering there is not much discussion going on about this project? Has anyone booked here?

    Seems like a worthy investment for the risk takers.

    Any reviews?
     
    gopituty, Aug 28, 2012
    gopituty, Aug 28, 2012
    #1
    Loading...

    Similar Threads
    1. anika987

      Update On My New Job..

      anika987, Feb 23, 2022, in forum: Working Women
      Replies:
      17
      Views:
      2,935
      anika987
      Feb 26, 2022
    2. AditiShining

      Update From The Previous Post

      AditiShining, Oct 16, 2021, in forum: Relationship With In-Laws
      Replies:
      16
      Views:
      4,955
      AditiShining
      Jan 22, 2022
    3. Rihana

      Covid-19 Vaccines - Updates And Questions

      Rihana, Dec 12, 2020, in forum: Health & Wellness
      Replies:
      150
      Views:
      22,522
      chanchitra
      Jun 6, 2021
  2. Aug 28, 2012 #2
    Shanvy

    Shanvy IL Hall of Fame

    Messages:
    23,659
    Likes Received:
    27,218
    Trophy Points:
    590
    Gender:
    Female
    how can somebody give 50% discount gopi, i would really like to know..many small builders are already feeling the heat of the escalating cost..

    The schools managements are cashing on their landbank i think.. vels also has a flat project in the vels university area.
     
    Shanvy, Aug 28, 2012
    Shanvy, Aug 28, 2012
    #2
  3. Aug 28, 2012 #3
    Shanvy

    Shanvy IL Hall of Fame

    Messages:
    23,659
    Likes Received:
    27,218
    Trophy Points:
    590
    Gender:
    Female
    wasn't this discussed once in il thread when a ilite asked about this project.. i remember this much..
     
    Shanvy, Aug 28, 2012
    Shanvy, Aug 28, 2012
    #3
  4. Aug 28, 2012 #4
    gopituty

    gopituty Silver IL'ite

    Messages:
    390
    Likes Received:
    61
    Trophy Points:
    68
    Gender:
    Male
    50% discount they are giving.. Many had booked already.. I was around that area last Sunday for a different reason, I saw a huge crowd there but thought it was a for a different reason..

    And my friend has visited the site and the manager there and has got the info..
     
    gopituty, Aug 28, 2012
    gopituty, Aug 28, 2012
    #4
  5. Aug 28, 2012 #5
    Shanvy

    Shanvy IL Hall of Fame

    Messages:
    23,659
    Likes Received:
    27,218
    Trophy Points:
    590
    Gender:
    Female
    gopi, if my memory serves right there was this discussion sometime last year, and i also saw the working of the booking amount and the discount and the actual apartment cost..

    there is something different going on.. check out their website..it is just like school admission 2000 people book, and 100 get allotted, and the builder will enjoy the 1900 people's booking amount for a long time without interest.. i don't see anything else going on here..
     
    Shanvy, Aug 28, 2012
    Shanvy, Aug 28, 2012
    #5
  6. Aug 28, 2012 #6
    gopituty

    gopituty Silver IL'ite

    Messages:
    390
    Likes Received:
    61
    Trophy Points:
    68
    Gender:
    Male
    Which website are you referring to? Is it: SSM Builders and Promoters ?
     
    gopituty, Aug 28, 2012
    gopituty, Aug 28, 2012
    #6
  7. Aug 28, 2012 #7
    Shanvy

    Shanvy IL Hall of Fame

    Messages:
    23,659
    Likes Received:
    27,218
    Trophy Points:
    590
    Gender:
    Female
    yes..are they both not one??

    because the documents talk about parents, staff and others in the allottment application?
     
    Shanvy, Aug 28, 2012
    Shanvy, Aug 28, 2012
    #7
  8. Sep 5, 2012 #8
    gopituty

    gopituty Silver IL'ite

    Messages:
    390
    Likes Received:
    61
    Trophy Points:
    68
    Gender:
    Male
    Went to the site (school) last week.. They have their office there itself.. They have two different discounts..

    Option 1:
    Pay Rs.350/- per sq ft up front and get the statutory charges free.

    Option 2:
    Pay 50% upfront and get remaining 50% as discount.

    More than 3000 flats are coming up.. My doubt is how come they can complete this work within 3 years?!
     
    gopituty, Sep 5, 2012
    gopituty, Sep 5, 2012
    #8
  9. Oct 10, 2012 #9
    Akisha

    Akisha New IL'ite

    Messages:
    14
    Likes Received:
    2
    Trophy Points:
    3
    Gender:
    Male
    Anyone booked a flat here???? How is the area??? Ground water??? When are they planning ro start construction??? Please give me ur views????
     
    Akisha, Oct 10, 2012
    Akisha, Oct 10, 2012
    #9
  10. Oct 10, 2012 #10
    gopituty

    gopituty Silver IL'ite

    Messages:
    390
    Likes Received:
    61
    Trophy Points:
    68
    Gender:
    Male
    Construction will start in 3 months.. It is a good place.. 3kms from Perungulathur Station and there is a proposed 150 feet road which connects East Tambaram intersects this project..
     
    gopituty, Oct 10, 2012
    gopituty, Oct 10, 2012
    #10
Page 1 of 15

Share This Page