Low budget plots in chennai starting from 4.99 lakhs*


Swarnabhoomi Cityscapes is a unique bouquet of serviced villa plots called “Bay view”, “Lake View Garden” & “Royal Orchard”. Located in the vicinity of MARG Swarnabhoomi, on the scenic ECR near Chennai, 225 acres have been earmarked with 2425 villa plots. More than 250 plots covering over 4.3 lac sq ft have already been sold.

Swarnabhoomi Cityscapes is set to address the emerging requirement for quality and high appreciation plots in Chennai. These plots enjoy access to all shared facilities at MARG Swarnabhomi. Just a step away from the proposed industrial projects of NTPC and BGR Energy, they are also close to the proposed Southern Railway station at MARG Swarnabhoomi.

“Bay View” villa plots: Premium sea view plots starting from Rs. 11.4 lakhs* per ground & located just 1 km from the ECR beach (close to Cheyyur Lake). Being on the entertainment corridor, just 2kms from TTDC Boat House (Mudaliarkuppam) and the proposed water sports & Theme Park, these villa plots are expected to see notable appreciation.

Surrounded by nature’s freshness and lush greenery, “Lake View Garden” plots are premium pieces of land which comes with a price range starting from Rs. 7.57 Lakhs* per ground. Located on ECR with close proximity to Koovathur hospital and near to the proposed BGR Energy Plant, Lake View Garden is a great investment opportunity.

“Royal Orchard” villa plots are in the midst of serene nature, tranquil environment and its beauty. Located next to Tapovan Ultra Luxury Villas by MARG ProperTies with a price range starting from Rs. 5.59 Lakhs* per ground, Royal Orchard offers garden plots off ECR , just 18kms from Maduranthagm Railway station.

Additional plotted development being planned in 136 acres with a sale value of Rs. 120 crores.

To know more, visit http://www.swarnabhoomicityscapes.com/

Low Budget Villa Plots on ECR Road – Swarnabhoomi Cityscapes


Swarnabhoomi Cityscapes

Swarnabhoomi Cityscapes

  • Villa plots are located around MARG Swarnabhoomi, a 1000 acre aspiration city
  • 3 plot projects launched:“Bay view” , “Lake View Garden” & “Royal Orchard” in the rapidly developing urban area
  • Huge appreciation value with proximity to:
    • BGR Energy & NTPC industrial projects
    • TTDC water sports and theme park
    • Shared facilities of MARG Swarnabhoomi
    • Proposed Southern Railway station in the future
  • Starting from just Rs 4.99 Lakhs per ground

“Bay View”villa plot which is located at just 1 km from the beach on ECR and close to Cheyyur Lake start from Rs.9.99 lakhs* onwards per ground. Bay View comes with a 571 premium sea view plots which is located on the entertainment corridor, just 2kms from TTDC Boat House (Mudaliarkuppam) and proposed water sports & Theme Park.

Surrounded by nature’s freshness and lush greenery, “Lake View Garden” plots are premium pieces of land which comes with a price range starting from Rs. 7.57 Lakhs* onwards per ground. Lake View Garden offers 517 garden plots which are located on ECR in close proximity to Koovathur hospital and near proposed BGR Energy Plant.

“Royal Orchard” villa plot inspires by the serene power of nature and its beauty is located next to Tapovan Ultra Luxury Villas by MARG ProperTies in tranquil environment comes with a price range starting from Rs 4.99 Lakhs* per ground. Royal Orchard offers 397 garden plots off ECR which are located just 18km from Maduranthagm Railway station.

 

Location Map :

Swarnabhoomi Cityscapes Location Map

Swarnabhoomi Cityscapes

Visit :http://www.swarnabhoomicityscapes.com

MARG Swarnabhoomi – the biggest home inventory in South India


With 7200 homes launched & 7700 in pipeline, MARG Swarnabhoomi is the biggest home inventory in South India. With a travel time of 75 minutes during both peak & non-peak hours from Chennai and just a 45 minute drive from Siruseri, it is Chennai’s only residential habitat offering affordable homes priced at Rs. 20 Lakhs, with all city specific amenities.

Spread over 172 acres these homes are supported by social infrastructure comprising of industries, education, multi-services & leisure activities. At present, more than 250 families are living at MARG Swarnabhoomi.

At MARG Swarnabhoomi, around 3000 units covering over 2 million sq.ft. have been sold. Education population which is poised to grow to a level of 1500 in 2013-14 is a major demand driver of residence. Growth of education population from the current level of 900 to 4000 by FY16, along with the Light Engineering Services, IT Training centres & demand from Kalpakkam will continue to drive the residential sale.

For Website :http://www.margswarnabhoomi.com/

Residential projects at MARG Swarnabhoomi

Maha Utsav –   Affordable homes with a sea / lake view – more than 400 apartments sold

Maha Utsav is a DTCP approved 581 units, mid-rise apartment project with 2 & 3 BHK starting at Rs. 12.97 lacs and construction is underway in full swing. With superior Design and top-notch Amenities, Maha utsav is a sound investment. It is an ideal option for those on the lookout for ‘value for money’ apartments-rightly priced, without compromising on essential features. Each apartment features 3 sided ventilation, spacious rooms, a balcony and access to modern convenience facilities like club house, swimming pool etc.

For more details on Mahautsav, click here

Four Seasons – Contemporary hi-end living

A ’28 floor’ high rise consisting of around 4000 apartments, Four Seasons will be the tallest landmark on ECR with a sea & lake view & multiple views of the scenic beauty around including  Bay of Bengal , several water bodies and undisturbed lavish nature around. Four Seasons indisputably is emerging as an enviable product starting at a price of Rs. 21 lakhs. Construction for 800 apartments will begin soon.

For more details on Four Seasons, click here

Aayush – The joy of owning your dream apartment – more than 400 apartments sold

It’s time to make your dream of owning a home a reality. The 1300 apartment Aayush is priced just right to be a great investment. It comes packed with great amenities like children’s play area, Swimming pool, clubhouse and gym. Ayush represents dream homes within your budget. More than 400 apartments are sold.Construction to begin soon.

Navaratna – The joy of designer homes – SOLD OUT

MARG Navaratna is an exquisitely crafted residential apartment complex & boasts of superior construction of international quality. The project is designed to be eco-friendly and great importance has been laid on long term value with rain water harvesting, solid waste management and other new age recycling technology.

Navratna Phase 1: More than 200 happy families living in Navratna Phase I. Construction completed.
Navratna Phase 2: 250 units have been handed over in Navratna Phase II. Construction completed.

Utsav – The Joy of a value conscious home – SOLD OUT

With 720 apartments at a starting price of Rs. 14 lacs, Utsav represents cost-effective smart apartments loaded with great features cum amenities .It promises to be the new defining address for discerning home seekers. Construction is nearing completion.

Swarnabhoomi Cityscapes is a unique bouquet of serviced villa plots called “Bay view”, “Lake View Garden” & “Royal Orchard”. Located in the vicinity of MARG Swarnabhoomi, on the scenic ECR near Chennai, 225 acres have been earmarked with 2425 villa plots. More than 250 plots covering over 4.3 lac sq ft have already been sold.

Swarnabhoomi Cityscapes is set to address the emerging requirement for quality and high appreciation plots in Chennai. These plots enjoy access to all shared facilities at MARG Swarnabhomi. Just a step away from the proposed industrial projects of NTPC and BGR Energy, they are also close to the proposed Southern Railway station at MARG Swarnabhoomi.

“Bay View” villa plots: Premium sea view plots starting from Rs. 11.4 lakhs* per ground & located just 1 km from the ECR beach (close to Cheyyur Lake). Being on the entertainment corridor, just 2kms from TTDC Boat House (Mudaliarkuppam) and the proposed water sports & Theme Park, these villa plots are expected to see notable appreciation.

Surrounded by nature’s freshness and lush greenery, “Lake View Garden” plots are premium pieces of land which comes with a price range starting from Rs. 7.57 Lakhs* per ground. Located on ECR with close proximity to Koovathur hospital and near to the proposed BGR Energy Plant, Lake View Garden is a great investment opportunity.

“Royal Orchard” villa plots are in the midst of serene nature, tranquil environment and its beauty. Located next to Tapovan Ultra Luxury Villas by MARG ProperTies with a price range starting from Rs. 5.59 Lakhs* per ground, Royal Orchard offers garden plots off ECR , just 18kms from Maduranthagm Railway station.

Additional plotted development being planned in 136 acres with a sale value of Rs. 120 crores.

To know more, visit http://www.swarnabhoomicityscapes.com/

Greater Swarnabhoomi

The strategically located villa plots are in sync with the master vision on holistic regional development of 10,000 acres around MARG Swarnabhoomi, termed by us as “Greater Swarnabhoomi”, a concept which has its roots in urban decongestion & in the near future will create a spread effect with a holistic mega urban agglomeration zone.

Greater Swarnabhoomi will act as a reservoir & single point of convergence for all educational institutions in and around Chennai, Chengalpattu, Tiindivanam, and its sphere of influence will stretch upto Pondicherry.

To know more on Greater Swarnabhoomi, http://greaterswarnabhoomi.com/

Will I ever own a house?


Marg Swarnabhoomi,Marg Swarnabhoomi Aayush Apartment,Low budget apartments in chennai,low budget flats in chennai

Marg Swarnabhoomi Aayush Apartment starting at 9 Lakhs* – Low budget apartments in chennai

Maniraj, a paper vendor on Velachery Main Road, had a tough time last year when he had to vacate his house. Until then he was paying Rs. 1,200 for a 350 sq.ft dwelling unit near Velachery Lake. The landlord raised the rent to Rs.6,000 and Maniraj and his family of four could not afford it. After great difficulty, he found a 200-sq.ft tenement in one of the labyrinthine lanes. “I now pay Rs. 4,500 per month, which includes electricity charges. This is more than what I spend on food every month,” he lamented.

The condition of my colleague is better, but not much toz rejoice. Two years ago, after a long search, she bought an apartment 20 km away from the city. Anything closer was pricy. As a result, she spends three hours every day to commute between home and office.

With apartments inside the city priced between Rs.10, 000 to 15, 000 per sq. ft, and rentals spiraling, it looks only the gentry can live within the city. The middle class must scurry to the suburbs and the poor must slip into the crevices in between.

The mounting complaint is why does Chennai not produce affordable housing?

The government authorities shrug it off and say “it is a market phenomenon.” On the other hand, private players feel that they cannot solve social problems. “It cannot be defined,” the skeptics argue.

Shifting blame and leaving people in the lurch cannot continue. Providing affordable housing is an obligation of the state and it has to find ways to solve it.

Is affordability difficult to define?

After a careful study, the government of India has defined affordability as follows: for lower income group, apartment should not exceed four times the household gross annual income. For the middle-income group, the prices should not exceed five times the gross annual income.

Similarly, the rent should not exceed 30 per cent of the monthly salary for the lower income group. For the middle income, it should not exceed 40 per cent.

In other words, for a middle-income family, which earns Rs. 30,000 a month, any apartment costing more than Rs.18 lakh is unaffordable. At current market prices, this income can only fetch an apartment that is less than 450 sq. ft. The city does not offer many such small-sized apartments.

The condition of the poor is worse. To many who earn about Rs.10, 000 a month, apartments priced more than Rs. 5 lakh is unaffordable, and there is no housing project in the city that takes care of this group.

What is the solution?

Multiple strategies are required. Existing efforts such as reserving 10 per cent of the developed land for affordable housing have not delivered. Apart from reviewing them, new and innovative approaches are needed.

One model that is worth looking at is the concept of Community Land Trust (CLT). In CLTs, a not-for-profit organisation builds houses on subsidized land and gives them at a price much below the prevailing market rate. The condition is that when the buyer resells the apartment, the price has to be below the market rate prevailing then. This ensures that the subsidies are passed on to the subsequent buyers and the prices are kept at affordable levels for a longer period.

This model can be tweaked to suit local conditions. The State government instead of mindlessly monetising its land, can sell or allocate them to cooperatives at subsidised prices to build affordable housing on CLT model.

Successful adoption of this model in many cities across the world should convince skeptics. For example, in Cooper Square land trust project in Manhattan, the rentals are below 30 per cent of the tenant’s monthly income, while in the surrounding area people spend 50 per cent of their salary on rent.

Cities committed to the welfare of its citizens have done better in addressing the housing problem. Chennai has not done enough and it should.

A. Srivathsan is a Deputy Editor with The Hindu. He writes on urban development, architecture and conservation.

marg swarnabhoomi cityscapes

Swarnabhoomi Cityscapes – Plots Starting from 4.99 Lakhs* on ECR.

 

Property values appreciate in ECR in Chennai


The property values of East Coast Road (ECR) have crossed the mark of Rs 11,000 per sq ft at prime locations near beach and are still appreciating making it a top residential locality of Chennai. Visible expansion of IT/ITeS sector acting as the catalyst in the real estate growth. Revival of demand for luxury villas, increase in property prices and launch of new projects, all this has returned and bucking the Chennai’s submarket.

“Chennai is noting a continuous demand for luxury housing from quite some time now, primarily towards the peripheral locations of the city where premium homes are available at affordable values”. The capital values of premium apartments and luxury villas have noted a hike of 10-15 per cent in past six months. The number of enquiries also showed an upward trend, seeing a hike of up to 25 per cent during the same period. The appreciation in property values can be attributed to the fact that it is primarily end-user driven rather than investors, he added.

The stretch from Palavakkam to Mamallapuram is the key hub seeing exponential demand and supply in the residential sector. These locations house projects in the premium category catering to HNIs, NRI’s and have demand for individual bungalows/villas priced at more than Rs 2 crore.

Rental sector is too flourishing and have noted a significant appreciation of more than 30 per cent in recent past. The rental values of a fully furnished 4-5 BHK villas/independent houses varies from Rs 60,000-90,000 per month depending on its location and proximity to neighbourhood beach.

ECR strategic situation near to the IT corridor is the major USP of the area. Enhanced demand from expats and HNI’s visiting to city for professional reasons are the major contributor in the upward rental and capital sector. On an average, the capital values at ECR vary from Rs 2,000-6,000 per sq ft depending upon location and connectivity. Residential land is also the next most transacted category after luxury villas.

Improved connectivity level, transportation and other infrastructural activities have created spurt in the upcoming housing projects in the suburban areas such as ECR. Looking at the prevailing demand and supply ratio, it is expected that the submarket will continue to witness positive trend in values.

Source :magicbricks

Chennai Real Estate Trends – 2012


The Chennai market has been volatile in the last three quarters.The recent budget will have its impact on pricing due to the increase in the service taxes from 10.3% to 12%. The increase in excise duty across the product categories has led to an increase in the initial input cost, directly impacting the selling price in the market.

The good news, amidst the negative impact of the tax hike is that affordable housing has found its takers due to the increase in the number of people opting for homes in the affordable segment and the National Housing Board in-turn addressing the consumer challenges by promoting the affordable housing segment. The NHB has allotted 5000 crores to promote affordable housing and hence all the Housing and Finance Corporations across the country has lowered the tax rates for homes that come under the affordable housing slot.

This report will analyze the latest real estate trends in the Chennai Market for the last three quarters. Here we go:

Budget & Sq. feet:

In Chennai, Q3 saw a dip in buyer’s budget preferences. But in Q4, the demand has gone up considerably with home loan rates forecasted to go down and inflation coming under control. The budget preferences of the buyers have gone up by about 10% whereas the avg. sq. feet preferences has seen a 12% drop compared to Q2 figures indicating a clear movement towards smaller SKUs. One reason could be that the buyers are going for premium amenities and branded builders even if that means they have to shell out more.

BHK precedes Sq. feet:

The chart below gives a snapshot of the BHK preferences of property seekers in Chennai. An interesting trend emerging from the analysis is that though consumers’ average sq. feet preferences have come down distinctly, there has been a shift in preference from 2 BHK to 3 BHK units over the past 3 quarters. The trend indicates that the average buyer gives more importance to the BHK specifications of a property than the sq. feet specifications.

Hypothetically, a prospective buyer in Chennai is more likely to choose a 3 BHK/1000 sq. feet flat over a 2 BHK/1200 sq. feet available for the same price.

Locality preferences:

Property seekers were given the flexibility to choose up to 3 localities in a particular city in their order of preference and each locality was rated. The overall (Last 3 quarters) locality preference chart indicates how each locality fared. The Tambaram & GST belt emerge to be the hot zones in Chennai that are in great demand. Apart from its proximity to IT parks & good connectivity, the re-emergence of this region as a viable investment option is due to planned infrastructure projects like satellite city, airport and mono-rail in the pipeline.

Mood in the Market:

The Q3 of 2011-12 was a difficult period with the demand/urge to buy a property remaining weak in most markets due to higher interest rates, inflation and forecasts of a glooming recession. This reflects in the purchase intention of the buyers as well. The percentage of buyers that intended to buy a property within the next 4 months went down in Q3. More buyers decided to wait and watch the market and postpone their buying decision in Q3.

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Marg Swarnabhoomi EduCity

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Article Source:INDIA PROPERTY