Rajnikanth, Chennai
Posted Discussions
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Chennai real estate trend
Q: What is the scenario of real estate in Chennai. And how much property rates in major areas have increased..??

My comments to replies
What is the key market influence to gain potential growth in the Chennai residential market?
Hi, I am staying in Anna Naga and I observe that the Capital values in Anna Nagar, Korattur and Mogappair appreciated due to the presence Ambattur industrial belt, driving housing demand from the working population. Property prices here rose by 15 per cent, 11 per cent and 10 per cent respectively in a quarter.
4th August 2015

approved plan and current plan difference
Q: there is a property for which approved plan is for 1bedroom,5 balconys ,study room, kitchen,living,dining etc.however the construced flat is modified within the approved area as 3 bedrooms,living,dining. IS it safe to buy such a property.?

My replies to this discussion
If you are modifying the approved area then you will again have to take approval of the new plan.Then only you should purchase that property.If you are modifying the approved area then you will again have to take approval of the new plan.Then only you should purchase that property.
Any modifications will require new approval. It is better to take legal advice to confirm what you are saying.Any modifications will require new approval. It is better to take legal advice to confirm what you are saying.
Olympia Merlin’s apartment and villa project in Chennai
Q: Heard that Olympia Merlin Developers has launched a villa project in ECR. Can you give me details. I want to buy a villa there.

My replies to this discussion
Hi..Pavan,,i am also interested in this project. Has the construction started..?? When will they give possession..??Hi..Pavan,,i am also interested in this project. Has the construction started..?? When will they give possession..??
Chennai metro
Q: Will the Chennai metro lead to a boom in the real estate prices in Chennai ?

My comments to replies
Will metro anyway help to boost the residential real estate in Chennai? I am interested to know more about the development of Chennai metro.
The Chennai Metro will give the much-needed impact to the real estate market of the city.Chennai may have got the metro four years back, but the recently opened line in Chennai has certainly had a positive impact on the city's realty circles.
29th July 2015

Can you please let me know what is the per Sq price for the said project.
Q: I am having a idea to buy a 3 bed flat

My comments to replies
Hi Ramana, Ofcourse you can invest in MS Supradeepam and I think its worth to do so because MS Supradeepam is one such project meant for gated community. As it is located close to bus stands, hospitals, multiplexes, banks and education institutes, prices will definately take an upbeat in future. Also being near to proposed ring road and National Highway just 4 kms from this place, looks to me an excellent oppurtunity to put ones money.
Hi Chandra, I agree with you with this aspect since other localities are already reeling over hefty price hikes and have reached a saturation point where there is no further scope for price appreciation. I suggest you to book in this project. " Make hay while sun shines".
2nd January 2014

Aliens Space Station Review
Q: How is the project ?? Please tell me about the location ??

My comments to replies
HI all, I am affected with Aliens and I have been with them from beginning and now they are saying they will release my flat due to delaying the payment. Does people in this post are working together to approach legally?
Hi Ramana, Even i was delighted by the quality of construction and the technology to be used for Aliens SS1 as advertised across Hyderabad. As promised, we were supposed to get the possession of the flat by 2011. But when we realize the fact that this was just a dream which can never be fulfilled by Aliens Group. It is extremely sad that he is now trying to get rid of us by paying 9% interest towards the amount paid and this will be returned to the customer over 1.5/2 years subject to resale of the existing flat. What could be more sorrowful than this story?
23rd July 2014

CMDA divide building into three categories....
Q: I need some details about the categories of buildings made by Chennai Metropolitan Development Authority.

My comments to replies
Hi Mr Mouli, As per my knowledge, The rules laid down by the CMDA divide buildings into three types, ordinary buildings, special buildings and multi-storeyed buildings. This classification is based on the height of the buildings, number of households in a plot and extent of commercial activity.
Hi Mr Ramana, As per my knowledge, The Floor Space Index (FSI), also known as Floor Area Ratio (FAR), Floor Space Ratio (FSR) and Plot Ratio, is the index by which the total constructible area can be calculated. This index is used by the authorities to control the density of development. The FSI for ordinary and special buildings (residential and commercial) is 1.5. This means that the plinth area should not exceed 1.5 times the area of the plot where construction is being projected.
15th September 2014

What are the benefits of Pre-approved Loans ?
Q: How is this Pre approved loan work ?

My comments to replies
Hi Mr Naidu, As per my knowledge, due to higher liquidity, banks have started recently sending mails to customers or non customers about pre approved loan availability. This is a method to make possible applicants feel more secure and confident about the loan sanctioning process for their specific case.
Hi Mr Naidu, Actually when I heard about this loan system , I was little bit confused. But after that i came to know, advantages of Pre -approved home loans are Planning, Power of Negotiation & Shorter Processing time. Planning is like- It generally has the advantage of allowing a person to plan for the amount of loan that he would be able to get with surety.
21st October 2014
@ Rama, As per my knowledge Power of Negotiation is like - It also gives the applicant some negotiation power when it comes to interest rates as the buyers would know that he has been approved and is considered a good catch by the bank.
21st October 2014
@ Mr Rama, And according to me Shorter processing time is like- Pre approval of such loans reduce the processing time for such loans. It also reduces the amount of documentation required for obtaining the sanctioned amount. The time required for sanctioning is said be be reduced to one third of the normal time.
22nd October 2014

Hi Guys, what is this CIBIL score? How come it could reduce the credit burden of a customer. I think credit scoring system is painful for me.
Hi Rama, As per my knowledge, beyond this period (90 days ), the bank considers the balance due as Non-Performing Asset (NPA) and will be reported to CIBIL. Although missing a payment by a few days could have a temporary impact on the credit score, a significant delay in payment could hurt the score over a longer term. Missing the deadline on your bills could be a serious issue when approaching a bank for a home loan.
21st October 2014

Procedure for NRI buying property in India..
Q: Do foreign citizens of Indian origin require permission of Reserve Bank to purchase immovable property in India for their residential use?

My comments to replies
Hi Guys, Kindly provide some information about these questions:- 1) Can immovable property held in India, be transferred by way of gift to relatives/registered charitable trusts/organizations in India? 2) Can NRIs obtain loans for acquisition of a house/flat for residential purpose from authorized dealers/financial institutions providing housing finance?
Hi Javed, Here is your second question answer. Reserve Bank has granted general permission to certain financial institutions providing housing finance e.g. HDFC, LIC Housing Finance Ltd., etc., and authorized dealers to grant housing loans to non-resident Indian nationals for acquisition of a house/flat for self-occupation subject to certain conditions.
29th October 2014

How's the payment plan of Cherry blossom ,Chennai?
Q: I am interested to have an 2 BHK . I want to know the payment plan of this project. Kindly share some details .....

My comments to replies
Hi Guys, Thanks for the information. Can you provide some information about Builder GP Homes. How is this builder?
@ Pavan , As per my knowledge, this GP Homes is aiming ,developing residential establishments across all strata of society and eventually excelling in the essence of life. Leading in quality construction services while fulfilling the expectations of customers, employees and society.
30th October 2014

Payment Schedule of Alliance Galleria.
Q: I want to know how much sq-ft charge is going on !!!! It's in pre launch , so when will be the possession?

My comments to replies
Hi Harish, As per my knowledge, Payment schedule of Alliance Galleria like :- Booking advance- 2Lac/3Lac, On signing the Agreement within 15 days from date of booking- 20%, On getting the approval from CMDA- 20%, On completion of Foundation of respective block- 15%, On completion of 3rd floor roof slab- 7%, On completion of 6th floor roof slab- 7%, On completion of 9th floor roof slab- 7%, On completion of 12th floor roof slab- 7%, On completion of respective block external painting- 7%, On Handover- 10%.
Hi Harish, Alliance Group has launched an affordable spacious residential apartment project in Pallavaram. This project is located in one of the prime residential location of Chennai having decent residential environment. This location is now attracting many home buyers & investors .
30th October 2014

Points to remember while buying high rise apartments in Chennai.
Q: I am planning to invest on Chennai. I heard Chennai is classified under Moderate Damage Risk Zone. So is it a good idea to invest on high rise apartments in Chennai.

My comments to replies
Hi Mr venu, As per my knowledge, any location you choose as a perfect location , that must have some key factors to verify. That may be any kind of civic issues or area under the radar of Earthquake zone. Many aspects ,point are there to check, verify before buying any kind of residential or even commercial projects.
Hi Mr Gopal, Aspects you verify :- first is Soil- water test :- Soil-water test report is essential as it has a long term affect on the quality of construction. It is prudent to have a soil and water test conducted before commencement of design and construction of any building in the city. This enables the architect to plan a suitable construction that can withstand the existing mineral and water content in the soil .
4th November 2014
Hi Mr Gopal, Major point to consider is Per-seismic zone requirement :- Chennai is classified under Seismic Zone 3 in the Indian Seismic map. While Zone 3 is referred to as Moderate Damage Risk Zone. Check with your developer whether your future home is structurally designed and constructed as per currently applicable seismic zone norms. Ask for the construction plan and get it checked with a seismologist.
4th November 2014
Hi Mr Gopal, As per my knowledge, the overall project is first shown in one or more overall views drawn in large scale‚ showing the region or vicinity in which the project is built. These overall regional plans are then followed by multiple detailed views of the project depicted in a more detailed manner.
6th November 2014
Hi Guys, At last Zero deviation – zero demolition:- As per the Development Control Rules (DCR)‚ the permissible total built-up area in any project is a proportion of the total land area and this proportion depends on aspects like road width‚ frontage and neighbourhood to name a few. Any project exceeding this permitted built–up area will be a Deviation and liable for Demolition.
6th November 2014

How is Chennai Real Estate Market after the global economic downturn?
Q: How is Chennai real estate behaving now a days?

My comments to replies
Hi Pavan, Chennai real estate, one of the steadiest in India and has proved its flexibility just after the global economic downturn that was one of the toughest time period in real estate. The new infrastructural developments such as Outer Ring Road (ORR) and Chennai Metro Rail project that were started during 2014 has led to the emergence of new residential avenues such as Chembarambakkam, Kuthambakkam and Poonamallee along ORR for property investment.
Hi Mr Pavan, The IT and ITeS sectors, the dominant employer in this region, have a positive outlook for business in 2015. This along with a change in economic sentiment, as well as the stable government at the center, bodes well for new launches and absorption is set to increase by 31% and 14% in West and South Chennai respectively in the second half of 2014.
10th November 2014

does kg good fortune has cmda approval
Q: Does kg good fortune has approval

My comments to replies
Hi, I am interested in this project. I am planning to have a flat on this project. I need some information about this project . Kindly provide some information about the installment payment schedule of this project.
Hi Subramanya, As per my knowledge, this average residential price of this location is increasing , showing significant improvement. Last 2years , there has been infrastructure & industry development happening , which directly impact on locality price trend. In year 2011, the average residential price was 3500/sq-ft. After many ups & downs, in year 2014 , this price touched around 4750/sq-ft.
2nd December 2014

Willing to buy Duplex apartment in Color Fields ?
Q: I bought color fileds (color Home) sholinganallur apartment. (Duplex). Form the day one I am here in US and not able to visit that or maintain it either, I heard yesterdaty ( 01 dec 2014) from the builder that the apartment is ready for possession. Since I am not able to visit india often I am planning to sell it. if somebody interested in buying that please let me know. you can reach me. Thanks James

My comments to replies
Hi, I am willing to invest residential real estate property. I have not decided whether i should invest on plot or apartment. I heard this is a nice location but the average area price is gradually falling down. So may I get some information about this locality price trend ?
Hi Mr Alex, According to me,Sholinganallur is a decent residential area crowded with all types of housing such as villas, multi-storey apartments ,residential houses & residential plots. Both new and old residential buildings are available here. The expand of IT SEZ areas around the place can be credit to its growing demand. Major names in the IT/ITES sector include Accenture, IBM, HCL Tech, CTS, Mahindra Satyam and EBay Inc among others.
4th December 2014

Tambaram west witnessrise in capital value in the recent quarters.
Q: Tambaram west is still riding high in the real estate market with respect to demand , supply & capital values in the area .

My comments to replies
Hi , As per my knowledge, Tambaram West offers many new residential projects of varied budget categories, matching well with the housing needs of buyers. Most of these will be handing over possession by the middle of 2015 and the remaining are proposed to be completed by the end of 2016. The upcoming new developments are multi-storey apartments, maximum of which are 1 and 2BHK units.
@ Harish, What really makes Tambaram West one of the main centers for commercial and residential development or preference among buyers is its strategic location and swift connectivity with nearby areas and the rest of the city. Located along the Chennai-Trichy Highway, the area is situated at a distance of 27 km from Chennai.
31st December 2014

Placing pooja room?
Q: I want to clarify how to place pooja room after bathroom. what i need to do? My friends said if you place 2inch gap and place another wall after bathroom wall. It consider as a room. so you can place the pooja room after bath room. 2 inch gp between bathroom wall and pooja wall considered as the seperate room. My house entrance east facing. Please advice me, what i need to do?

My replies to this discussion
Vastu Shastra is the most commonly used term, especially when it comes to purchasing or constructing a new home. To have a happy and prosperous household you must lay stress on enhancing the positive energy inside your home. Vastu Shastra increases wealth, well-being and prosperity if you live in structures that allow positive cosmic forces.Vastu Shastra is the most commonly used term, especially when it comes to purchasing or constructing a new home. To have a happy and prosperous household you must lay stress on enhancing the positive energy inside your home. Vastu Shastra increases wealth, well-being and prosperity if you live in structures that allow positive cosmic forces.
My comments to replies
Vastu Shastra is the most commonly used term, especially when it comes to purchasing or constructing a new home. To have a happy and prosperous household you must lay stress on enhancing the positive energy inside your home. Vastu Shastra increases wealth, well-being and prosperity if you live in structures that allow positive cosmic forces.
I am not very much knowledgeable person in regards to Vastu Shastra but think I would like to tell you that: 1. The pooja room should always be situated in the North, East or the Northeast side of the house. 2. One should face towards East/North while worshipping. 3. Ideally there should be no idols in the worship room. But if one wish to keep, the height of the idol should not be more than 9"and less than 2". Vastu for Pooja Room. 4. While worshipping, the legs of the idol should be at the chest level of the person worshipping depending on the position, whether standing or sitting. 5. Nothing should be stored above the cabinet or slab here the God's idol is placed.
30th October 2015

Malles Radhekrishna Feddback
Q: When is the expected completion date? I am interested in this project. Can anyone share the price details with me?

My replies to this discussion
Hi, As per my knowledge T. Nagar demand for smaller housing projects in the premium segment, catering to High Net Worth individuals. The demand for individual bungalows, plots and re-sale of properties remain robust. The presence of reputed financial institutions, corporate work spaces, good social infrastructure and excellent connectivity to the various parts of the city will drive growth in the region.Hi, As per my knowledge T. Nagar demand for smaller housing projects in the premium segment, catering to High Net Worth individuals. The demand for individual bungalows, plots and re-sale of properties remain robust. The presence of reputed financial institutions, corporate work spaces, good social infrastructure and excellent connectivity to the various parts of the city will drive growth in the region.
Malles review
Q: I want to book an apartment in this project. Is there any discount going on the booking amount? Please share the payment schedule as well.

My replies to this discussion
Hi Tanu, Yes, they are providing negotiations.. This project is approved by CMDA. It was launched in 2012. Ready to move projects and only a few units left so if you are looking for this project Visit site to verify the construction quality and other necessary information. This project is just opposite to Bharthiya VIdhya School.Hi Tanu, Yes, they are providing negotiations.. This project is approved by CMDA. It was launched in 2012. Ready to move projects and only a few units left so if you are looking for this project Visit site to verify the construction quality and other necessary information. This project is just opposite to Bharthiya VIdhya School.
My comments to replies
Hi Tanu, Recently I have communicated to the builder and he said that he will give the best possible price when I visit the site, but in a talk he was not ready to give any discount.
Hi Yugesh, Appreciate your response, please tell me what is the payment plan for this project?
16th June 2015

sarvam review
Q: Actually I am interested in this project so want to know when the completion of the project is and if loan is possible.

My comments to replies
Hi, as per builder reputation is concerned S&S Foundations Pvt. Ltd. is one of the best developers in Chennai.The builder is providing good quality of the project as I am also invested in this project and I am getting a good response from builder side. Builder is giving notification of development at every stage.
Hi, Recently I have visited the site and found that almost 60% of the project is complete and floor work is going on. Builder commit to hand over this project till march 2016.
10th July 2015

Malles Aashiraa
Q: Is the builder reliable and what is the price trend.

My comments to replies
Hi all, when is the project expected to get completed? Where exactly is the project located in Chennai? How much is the rate per sqft going on?
Hello Ramana, Recently I have contact with the salesperson of this project he told me that project is expected to complete till next year march 2016.Builder has taken Project approval by CMDA and Malles Aashiraa is located at Perumbakkam.
10th July 2015

Information on OSR rules on an Institutional zone in Chennai City
Q: I am owner of an institutional zone on the main of Velachery Tambaram at Pallikarnai Village. I wanted clarity on the OSR rules ,as I heard that its different for different zone. Is OSR applicable for Institutional zone?

My replies to this discussion
Hi Yes OSR is applicable for Institutional Zone. You can Check OSR from CMDA website http://www.cmdachennai.gov.in/osr.htmlHi Yes OSR is applicable for Institutional Zone. You can Check OSR from CMDA website http://www.cmdachennai.gov.in/osr.html
Sarvam builders
Q: How is the project Sarvam? Is it good from an investment point?

My replies to this discussion
Hi Badrinath, Please visit similar thread related to this project for more update: https://www.commonfloor.com/forum/557e79a6a70c3-sarvam-feedbackHi Badrinath, Please visit similar thread related to this project for more update: https://www.commonfloor.com/forum/557e79a6a70c3-sarvam-feedback
2 BHK Appartments in Padur
Q: Godrej Properties launches a new project Godrej Azure at Padur,Chennai. Padur is very near to OMR which is also known as Rajiv Gandhi Salai. This project offers spacious and skillfully designed 2 BHK and 3 BHK apartments. Godrej Azure Project has: Type of Apartment: 2 BHK and 3 BHK apartments Sizes: 608 to 1371 sq. ft. Price: Starts at 21.28 lacs onwards Possession Date: 28 Feb 2018

My comments to replies
@Garima, Can you also share which banks and legal authority has approved the project?
Godrej Azure has been approved by CMDA and banks like HDFC, SBI, ICICI and LIC Housing Finance .
27th November 2015

How is the real estate growth market in this locality? What about the electricity and water supply ?
According to me it would be very good idea if you are planning to buy property in Padur. This locality very good option for residential and investment purpose. The locality is surrounded by all major IT Companies, major collages & hospital & schools. This is the heart of Chennai. As far as I know you can get good returns as it is an ideal location for families to settle down and it offers great connectivity to all parts of Chennai. Residential apartments as well as many luxury projects are coming up. It is good for short term investments, long term investments and enduse purpose. Within 3 to 4 years you can expect good appreciation.
27th November 2015

Vijayshanthi Fortune builders review
Q: I am plan to buy a plot around Tambaram i would like to have some major opinion about the seller groups & which one is the best in that area.

My comments to replies
Vijay Shanthi is known for their excellence in quality of homes with a delivery of clear title, on time and without cost escalations, along with necessary completion certificates from the regulatory authorities. They are one of the reputed builders.
Hey Subramanya, What is the rate per sqft they are quoting? How many plots are there in this project and what is the total land development area?
19th August 2016

Vijayshanthi Fortune square Project Review
Q: Does anyone know if they sell plots?

My replies to this discussion
How is the reputation of the builder and any idea if the project has got all the required approvals?How is the reputation of the builder and any idea if the project has got all the required approvals?
My comments to replies
Hey there. My friend told me that the fortune square project of Vijay Shanthi is a gated community of premium residential plots. She also told me that the price range is reasonable.
Hey Selvaraj, Can you tell me how much will be the price of a plot in this project?
19th August 2016

Benefits of living in planned cities
Q: What are the benefits of living in planned cities?

My replies to this discussion
It is very essential to choose a planned city while buying a property because a planned city enables the livability quotient of your home which inturn results in growth of the quality of life you lead. Moreover, a planned city indicates a proper vision and capability for development and growth both economically and socially. It helps the city to manage good relationships with the neighboring commercial urban centers creating an opportunity for persistent economic growth. In brief, a planned city tries to enhance joy among its citizens and It adds a direction to your life.It is very essential to choose a planned city while buying a property because a planned city enables the livability quotient of your home which inturn results in growth of the quality of life you lead. Moreover, a planned city indicates a proper vision and capability for development and growth both economically and socially. It helps the city to manage good relationships with the neighboring commercial urban centers creating an opportunity for persistent economic growth. In brief, a planned city tries to enhance joy among its citizens and It adds a direction to your life.
Vignesh Sundari project review
Q: The rate per sqft quoted in this project seems to be on the higher side so I need some feedback about the locality.

My replies to this discussion
Thanks for your prompt reply...Can you also share information related to the project, if possible?Thanks for your prompt reply...Can you also share information related to the project, if possible?
What is the price they are quoting and by when will the project get completed?What is the price they are quoting and by when will the project get completed?
Adroit Artistica Completion Date
Q: Hi all, Adroit Builders have a project – Artistica located in Shollinganallur. I saw their ads in internet and it looks impressive – i think it’s a luxury type of project. Does anyone know details like what is the price they are asking for flats and when it is expected to be completed?

My replies to this discussion
Hey Venu, Any idea when is the project getting completed and what is the price going on?Hey Venu, Any idea when is the project getting completed and what is the price going on?
Oh thanks Man for sharing the details...What about the highlights or USP of this project seems to be a good one located OMR main road near the Sholinganallur Junction?Oh thanks Man for sharing the details...What about the highlights or USP of this project seems to be a good one located OMR main road near the Sholinganallur Junction?
What to do with a defaulting member who has not paid his contributions for major corpus collections over the years.

My replies to this discussion
It is legal that all the flat members should contribute for major corpus collection as the same is benefitted for your flat as well as common areas maintenance. If someone is not contributing I think you can take a legal action against the person but before that discuss the same with a legal expert.It is legal that all the flat members should contribute for major corpus collection as the same is benefitted for your flat as well as common areas maintenance. If someone is not contributing I think you can take a legal action against the person but before that discuss the same with a legal expert.
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