Category Archives: Land

Residential Land for sale in Sri Perumbudur

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.

Sri Perumbudur Plot For Sale

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.

NRI property sold using forged documents

Here is a recent news item on The Hindu

NRI property fraud

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.

Will Chennai home/property prices fall?

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?

Chennai Home Prices

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.

Buying property? Don’t forget to check the “A register” extract

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

A register extract

Affordable Investment: Plots under 10-12 lakhs/ground in booming areas, very near Chennai

Where? you ask. Sri Perumbudur and Oragadam it is.

Map of Oragadam & Sri Perumbudur

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.

Where? you ask. Sri Perumbudur and Oragadam it is.