Posted by admin on October 31, 2012
Dtcp approved plot very near VGN Brixton, opposite to Hyundai factory and stone throw away from Maharishi vidya mandir school. Plot is 2400 sq. ft. on a 30ft wide road. Priced at 15 lakhs.
Ideal investment property in Sri Perambudur with clean documents and lawyer approval. It has large potential for price appreciation since sri perambudur is the new and upcoming industrial hub in Chennai. For the price of a flat at VGN Brixton, you could buy this plot and build a dream home overlooking the apartments and live in walking distance to Maharishi Vidya Mandir school.
Call 9962612255 for details.
Posted by admin on December 11, 2011
Here is a recent news item on The Hindu
Many such real estate transactions can be avoided byboth Buyer and Owner
Buyer – If the buyer is aware of all necessary documents that are needed to buy a land/property, then it is very difficult to trick a buyer. Many times a check on EC, Patta, A-register, FMB, original parent documents, linking docs, legal heirship, etc. will tell if the land belongs to the right owner. Unfortunately, in these fraud cases some times the buyer is also aware that the seller is not the rightful owner.
Owner – From a owners point of view, there are certain simple things you can do to protect such incidents, like monitoring your property frequently, safe guarding your docs, applying EC, etc. When fraudsters know that a property is taken care of, they will choose someone else property over yours.
Posted by admin on August 30, 2011
ET had a write-up that home prices are likely to fall by a few percentage points in Delhi and Mumbai. There is definitely high inventory in those areas and builders have to cut home prices to clear inventory, but is that likely to happen to real estate in Chennai as well?
In the last two months or so we have noticed a slow down in land registrations (not price decline, but less sales). RBI’s interest rate hike and some unsold inventory could eventually bring down price a little, but it won’t be as bad as in Delhi or Mumbai. Here’s why…
Of the 4 states in South India, Tamil Nadu is the only stable place that is favorable for industries. Telangana issue in Andhra is keeping new businesses away. Kerala has labor issues and efficiency is quite low. Bangalore in Karnataka is great for IT, but it’s just that. That leaves Chennai as a favorable urban destination for new industries and businesses, which in-turn should translate to a decent home sales and rental market.
Posted by admin on April 17, 2011
We just published an article in ArticlesBase on what an A register is and how to use it to verify ownership information when buying properties in and around chennai.
Check out the article at this link… “What is an A register?”
Here’s a sample A register extract. It’ll make more sense when you read it along with the article
Posted by admin on February 22, 2011
Where? you ask. Sri Perumbudur and Oragadam it is.
Check out Wiki for the growing list of companies in and around these two areas. With the increasing inflow of companies and plenty of new housing, plot values are rising as well. Investing in these areas is a sure bet, unless there’s another economic calamity.
There are not many plots near Chennai for that price. A quick look into 99acres and Magicbricks would give you a list of vendors selling plots in those areas. But the key is this… to buy plots at 10 to 20% lower than the asking price in those sites. Most of the vendors you see on these sites have big marketing budgets which is added to the price of the plot. Instead, the savings lie in finding owners/local brokers with clean papers. If you don’t know how to get started, start by visiting a few tea shops in those areas, talk to people, check out newspaper Ads, ask friends and family – In Chennai, pretty much everyone knows a land broker.