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Home > Forum > Chennai > Medavakkam > Residential Project Review > RS Elegance phase II project review

RS Elegance phase II project review

Q: I am planning to book an apartment in this project so can I avail home loan from LIC or Axis bank for this project. My budget is around Rs 60 lakhs so can I get a 3 bhk here.

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Replies (2)
1
What is your take about the project and how is the locality?
Muniraj


The project is about 1 Km from Kovilambakkam and it is a good option for people who prefer to be in a picture perfect atmosphere.

Medavakkam is an upcoming residential area in the suburbs of southern Chennai.Medavakkam comes under the Sholinganallur MLA Constituency, and has a village panchayat administration.This region has experienced massive growth in the past few years, both in terms of population and economy. The large influx of professionals from all over the country due to the many IT parks around Medavakkam has increased the demand for real estate.
subramanya,  Chennai
20th December 2016


2
As per my knowledge the project has got approval from financial institutions like State Bank of India and HDFC Home Loans. The price of 2 bhk here ranges from Rs 49.40 lakhs to Rs 51.06 lakhs and the price of 3 bhk ranges from Rs 67.92 lakhs to Rs 76 lakhs approximately.
subramanya


Hey Subra. Please help me with the possession date of the project and how many units will be there in Phase 2 and what will be the size range of apartments here.
Muniraj,  Chennai
20th December 2016


The possession of the project is expected by end of 2017. In phase II there will be 30 apartments with area ranging from 1040 sq.ft, to 1600 sq.ft.
subramanya,  Chennai
20th December 2016


3

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