Q: Hi, Im planning to buy a flat in Centre Point. But Im not sure about the water quality and availability in Poonamallee. Can anyone let me know how it is?
Hi Sundar, Guideline Value for Land in Chennai is the value of the land as determined by the Tamil Nadu Government, based on its own metrics of facilities and infrastructure growth in that locality. The Guideline Values are revised periodically to have them in sync with the Market Value.
Nicely written Article where you can find Guidance value of Chennai localities:
https://www.commonfloor.com/realestate/guideline-value-for-land-chennai
Hi Priya, In my knowledge Poonamallee is one of the top searchable destination for residential project and right now the average selling price of the apartment is Rs 4100 per sq ft and Estimated Sale Price Appreciation is around 3.9% per yrs.
Hi Anil and Abhineshwaran, I agree with you, but I would like to hear your opinions about this project. What is the current construction status of this project?
KG Centre Point is one of the best projects in affordable residential real estate and I think this project will definitely get location advantage over the year. If we talk about appreciation then this project got 14 to 16 % value in past one year.
As far as localities is concerned Poonamallee Situated in West Chennai, Poonamallee is another area climbing the realty growth ladder. Robust connectivity coupled with proximity to IT hubs have led to this realty growth. Additionally, over demand from neighbouring Anna Nagar and Porur, where property values have risen significantly, has also enhanced the realty prospects of Poonamallee.
Thanks, dear I think Chennai has been experiencing healthy demand for housing since past few years, and especially for affordable housing.in current market top three destinations that I think it will give the best option for investment in residential real estate is Pallavaram, Poonamallee, and Avadi.
Centre Point is a great choice, we enquired about it last week and really found it impressive. I live in Poonamallee and I must say that we have a major advantage because of the Chembarambakkam lake and so there is always good water supply.