We visited the site office a week back, the first 2 towers are almost ready, electric grid connection is still awaited. The road construction inside has started. Possession is expected by June - July this year. Present rate is 6500 for first 2 towers which will increase to 8000 - 8500 on possession.
We contacted the builder who now advise the possession of flats will start from March 2013 starting with tower B-3, this will be followed by one tower each quarter. The above information can be confirmed from Wig-Brothers (The building contractor) which also shows date of completion as March/2013.
The Wig Brother web-site now indicates completion date at March 2013 and the present market rate for first two towers is 6000/ Ft2 for which we have ppty dealers aggressively looking for customers. The land-bank, right opposite Ardee Mall now has bill-boards indicating "site reserved for Appu-Ghar" (Theme-Park). This gives a huge upside potential of another 20% to the price due to a theme park right across the road. Hold on-to your flats, this is a potential gold mine which after possession will give you at-least 10,000/ Ft2 All the best
Emaar MGF Palm Terraces Select is one of the Upcoming Projects of Emaar MGF Land Limited. Palm Terraces Select will have extensive recreational facilities that celebrate the outdoors, such as landscaped public areas, parks, jogging trails, walkways, an exclusive clubhouse and a golf driving range.
Emaar Palm Terraces Select, a part of the larger community of The Palm Drive is ideally located on the Golf Course Extension Road with easy access from the main road. It offers 4bhk and 5bhk apartments with unique amenities.