Mahidhara Central Review

Q: Hi I am planning to buy a 3bhk. I want to know which banks is providing loan currently ?

Srinivas , Chennai

11th November 2013

Residential Project Review in Mahidhara Central, Kondavakkam, Chennai

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Replies (7)

Which all financial institutions have approved the project? How much is the total land area and how many plots & units are there?

Gaurav, Chennai

3rd October 2016

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Banks like Bank of Baroda, Axis, LIC Housing Finance & HDFC have approved the project. This is an exclusive gated community spread over 120 acres of land. There will be 1181 plots and 228 units,

Javed, Chennai

3rd October 2016

Hi, I recently joined this group. I have a plot in Mahidhara central. I would like to know from the plot owners if we have approached either mahidhara or outside builders for construction. When i apporached asking them to construct as part of phase 2, the initial cost quoted was high, They never reverted back with a revised price when i asked them to relook. They did not have any serious plans for a phase2. So i would like to know if some of you approached them. Who has recently visted and if anyone can share updates on the development, it will be good. Also i gave them a feedback to send regular updates and send an invite for house hand over so that all of us connect. But this suggestion has gone to deaf ears since 3 years now. I also wanted to have connect with all of house and plot owners once. It will be great if we all can team up and meet once. In 3 years , i have never met anyone.

Viswanath, Apartment Resident

13th September 2014

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Welcome to the forun Viswanath,

I look forward to connect more members to the forum. please share /invite more apartment/plot owners to the forum as much as you can.

i am reachable at rajeshskpmd@yahoo.com 91-88253 88448.( currently reachable in email only as i am in US right now-651-329-3081.

The answer to your question is, they have way behind their completion of the current phase I project even till today i dont know when i will get my house in my hand. i was fighting with them for 2 years..according to them they will start the second phase only after the handing over of phase i to the owners. meanwhile they have started new project in oragadam with an uncertainity on the existing central project.

Rajesh, Apartment Resident

15th September 2014

Dear Aprarment onwers of Mahidhara Central, I got a demand letter from Mahidhara central for an Additional EB deposit of Rs.38000 now, which is no where in the agreement. The reason they say is they have changed their eb cabling plan from over head to underground. I am not sure how many of the owners received this and discussed, agreed to pay this. I want to know the other owners opinion on this before i decided to pay them. I am currently in US , but available in my email rajeshskpmd@yahoo.com My contact number in us is 651-329-3081, plot number is 525-E3-Row House

Rajesh, Apartment Resident

12th August 2014

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Currently one property is available for resale. You can follow this link for your requirements.
Mahidhara Central

OR

Kindly call on the toll free number (1800) (180) (180) (180) Or You can Post your Requirements to get matching properties details on your Email and Mobile.

S Subramanium, Chennai

11th November 2013

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Hey my friend had a site visit, she said the current price per sq ft is Rs 2,999. They are providing 24 hr water facility , and tank system also. This project is approved by DTCP.

Supratim,

11th November 2013

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Thanks Supratim, When was this project launched and what was the launching price ? Will it be good for investment ? When can I expect the completion date ?

Srinivas , Chennai

11th November 2013

@Srinivas : This project was launched 2 years before, and the launching price was Rs 2,499. The current price is Rs 2,999 so the price is increasing. You can expect good returns in future. The completion date will be by Dec 2013. The booking charges is Rs 2 lakhs, it is just 8km from Savita Engineering and Medical College.

Supratim,

11th November 2013

@Harsha : Thanks for the information. Do you have any idea on how much distance to NH ? Please tell me about the price details also.

Srinivas , Chennai

11th November 2013

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@ Srinivas : Just 4.5 kilometers from the National highway on 40 feet State Highway road. Currently they provide 3bhk for 48 lakhs, the size would be 1508-1700 sq ft.

Harsha Mahipal , Bangalore

11th November 2013

Hi Srinivas, As far as I know only Axis bank has approval for home loan in this project. Mahidhara Central is located in Sriperumbudur i.e West Chennai. It is 10 kms away from Poonamalle and boasts of proximity to class MNCs from the IT, automotive, manufacturing, telecom & entertainment and educational centers. In the vicinity of Mahidhara's projects ,it is also very near to Hyundai, Dell, Saint Gobain, Nokia, Motorola, Samsung, Flextronics, Delphi TVS and Caparo.

Harsha Mahipal , Bangalore

11th November 2013

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