Q: Im an ex-pat, currently living in Hyderabad. I want to invest in a nice, big apartment in Coimbatore. A friend told me about the Srivari Vaibhav. Does the project have large apartments? Any further info on this?
Hey do you want a big apartment as in a large built-up area, or big as in the number of bedrooms? I think for either you will be happy with the apartments at Srivari Vaibhav. There are 2, 3, and 4 bhks, and all the apartments are priced at the same Rs 5100 per square foot. The apartments start from Rs 64 lacs and go up to Rs 1.2 crores. The usual amenities are provided, like gym, swimming pool, clubhouse facilities, 24 hour power back up and security.
Yeah these apartments are quite big. The 2bhks are available in built-up area sizes between 1262 and 1477 square feet, the 3bhks are available in built-up area sizes between 1746 and 1929 square feet, and the 4bhks are available in built-up area sizes between 2294 and 2357 square feet. So the 2bhks will cost you around Rs 64 to 75 lacs, the 3bhks between Rs 89 and 98 lacs, and the 4bhks between Rs 1.16 and 1.20 crores.
Definitely a good idea! A relative of mine has already invested in that project, he bought a 3bhk apartment. The construction work is still going on, but I really like how the place is turning up. The project has been approved by major banks like HDFC, ICICI and Axis banks, so applying for home loans shouldn’t be a problem at all. The price rate is same for all the apartments – Rs 2850. I don’t think you’ll be able to negotiate much, because this project is very much in demand, and also the possession date is drawing close.
Yeah go for it! These apartments will perfectly suit your needs, as there are a lot of other expats living around these areas. I myself was looking for apartments around Mettupalayam road and I’m really impressed by these apartments. Do you know that they have already got approvals from Corporation Bank, HDFC, Axis bank, SBI, PNB? If you need home loans, then you can apply with any one of these banks.
Yes, your friend is right. The Srivari Vaibhav apartments are quite big. I don’t know how big you need, but the apartments here have a minimum built-up area of around 1200 square feet. The location is pretty good too. Mettupalayam is one of the key residential areas in Coimbatore. Its perfect for families, as the social infrastructure around this place is really solid. I would definitely recommend this place.