Hi everybody, I am planning to buy a CMDA land in Cowl bazar (just backside of airport) near Pallavaram, what is the price range and will it be a great investment? I am planning to buit a duplex house there.
Hello Uday, Residential price trend in the Pallavaram area are a little higher as compared to the neighbouring placed like Easwara Temple and near Guggara Hatti. Thus prices in the targeted area are in the range of Rs. 14 Lakh to Rs. 25 Lakh. Prices vary depending on the exact location, surroundings,amenities provided by the developer in that project, civic facilities and connectivity name a few price influencing factors.
Hi, As per my knowledge, the Mantri Developers Private Limited has launched their new luxury residential project, Mantri Serene in the Pallavaram – Thoraipakkam road adjoining the Periya Eri at Pallavaram. This is a small township projects with Phase I offering 143 apartments and 11 penthouses with serene lake view and green environment surrounding the project.
The real advantage of the project is its proximity to major business hubs, educational institutions and air port. Mantri Serene is only 4 kms away from the Chennai airport. This project offers 2 BHK & 3 BHK apartment, area ranging from 1480 sq-ft to 1820 sq-ft. Builder quoted price is around 6500/sq-ft. Expected complition of this project is around August 2017.
The easy accessibility to the major localities of Chennai and yet free from the traffic and pollution is a key feature of this project. Lake front development of the project focuses on the lake view along with safety to the building stability. Each apartment is designed with utmost care to present the ‘room with a view’ concept. The high end clubhouse with specially landscaped green roof creates a feeling of a private resort.
As per my knowledge, this is a CMDA approved project. Many leading banks are providing loan to it. Pallavaram is a very calm residential locality with best access to all facilities minutes away from Pallavaram, Chrompet, Kilkattalai. This area is one a gold mine for investors.
In my point of view, upcoming metro rail at airport in addition to normal train services, over bridge to connect GST road makes the area a great place to live. Nearest railway station is Pallavarm Railway station which is 1.3 km from this area. Deepam hospital is nearby. Nearest educational institute is SDNB Vaishnav Arts Science Womens College.