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Real Estate Forum on Chennai

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Q: There are houses in VGP 2nd main road in uthandi. Are they regularized? what is process to regularize?

Latest Answer: Hi solving, Do your own due diligence before investing in such plot. Speak to a number of people about the plot as there are quite a case of double documentation in this layout. Check with a good lawyer as well. Thanks
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Q: HI - I recently saw the property of ColorHomes behind Gateway International School Kazhpattur close to Padur. I kind of liked the property very much. I'm kind of feeling little insecure abt the property as lots of apartments are unsold still, after 1.5 yrs of launch, though the price/location seems to be good. Kindly share your thoughts/problems about the property if you or your friends had been there
Latest Answer: Colorhomes is becoming popular when the OMR has slept down completely but Colorh comes has successfully doing the business in OMR the reason is people have the confidence on the Company, its pricing and moreover because of its elegance and quality of the home.
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Q: Home prices drop after natural disasters but typically recover rapidly, providing buyers an opportunity for gains.
Latest Answer: Yes, buyers should consider a few things before jumping on an direct bargain. While every micro market has shown recovery in the long term, there are still many instances of slow recovery.
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Q: Why the sizes of houses in MMR have reduced?
Latest Answer: The event started first in cities such as Mumbai and Delhi as the investor component in these cities is higher and investors don't typically care about the size of the apartment. While in Mumbai Metropolitan Region, the trend first started in the suburbs and Thane, and later extent to Navi Mumbai, which at the begining had a lot of investor interest. But now they understand the trick.
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Q: I am in the market looking for a 2400 to 3600 sq ft vacant land in ECR in Injambakkam, Akkarai and / or Uthandi on the Sea Side. I am looking for properties beyond 500 metres from the Sea Shore for construction of a house. I am coming across large parcels of prime properties at decent prices, but land parcel sizes that are unaffordable for me. I am looking for buyers that are happy to team up for a joint land purchase in Injambakkam, Akkarai and / or Uthandi.

Latest Answer: Hi Mr Krishnan, You can call on this toll free number (1800) (180) (180) (180) Or You can click this link  Plots in Injabakkam to uthandi to get matching properties details on your Email and Mobile.
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Q: I am planning to buy a 20 year old apartment in Seaward Road, Valmiki Nagar, Tiruvanmiyur, Chennai. This is a 4 BHK 2600 Square Feet Dupleix penthouse apartment with an unregistered 350 sft open terrace garden with enjoyment rights. The seller is quoting Rs 9200 / sft for the 2600 sft. The apartment is located close to the beach but does not have a beach / sea view. The UDS (land area) is 1650 square feet.

The apartment complex is run down but the apartment on sale is in good condition with modest interiors. Prevailing prices for new apartments for similar type of apartments with better facilities are around Rs 12000 / sft.

I would like to seek opinion and feedback from experts on the following

1. Is Rs 9000 / sft a good rate to buy a spacious dupleix penthouse as described above in that locality
2. Would there be a market for 20+ year old apartments 5 yrs from now in that locality
3. What could be potential prices for an 20+ year old apartment, 5 years from now in Seaward Road, Tiruvanmiyur that is renovated but lacks the modern bells & whistles

Shall appreciate hearing back from experts on my queries

Latest Answer: Hope you got your apartment, please let me know if you have got the apartment, did you face any issue. According to me going for a resale is intelligent choice that too for a 20+ years should be the best choice. My brother had got a 24 yr old apartment recently in saidapet location in a pretty calm area similar to valmiki nagar it was around 7300Rs /sqft. Worth the money. I hope you can negotiate a bit. But it depends if it is an apartment or a independent house. Mine was an apartment. 3 things has to be kept in mind. The current land value of that area, owners documents, lending Bank. SBI should be the best one to choose, they do all the legal checks for past 30 years, if lucky u would get to have even 50 years of documents. Choose your seller wisely, judge if they dont have any discrepancies to sell it. its better to talk with them every week to understand their need and thinking. Hope you had a great deal and happy about what you got. Please let me know your exp if u really got it!
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Q: Hi I am planning to buy a villa here. How is the project ?? When is the completion date of the project ?
Latest Answer: Which all units are available ?? Can you share the price details also ? I am planning to buy 3bhk here.
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Q: Anyone looking for DTCP Approved Property in OMR?
Just Rs.1699/Sq.ft and located behind Vijayashanthi Apartments - Thaiyur- OMR
Latest Answer: Hello, you can post your requirements in this link. Are you an real estate agent Register/Login at Agents Login to get matching buyers and tenants.
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Q: I have Residential Plots in OMR,Near SSN College...DTCP Approved...The property is moving good...Anyone interested?
Latest Answer: Are you an real estate agent Register/Login at Agents Login to get matching buyers and tenants.
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Q: Is Corporation planning for multi level parking lot..?

Latest Answer: Hello Ketan..Chennai Corporation is planning to construct a multi-level parking lot on Bashyam Road at T.Nagar. The best part is that none of the park areas will be encroached.The idea behind building the parking lot is that it will automatically move the vehicles by lift and then would transfer the vehicles to the proper floor.
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