sachin26

Hi
I am interested in knowing the prevailing land rates for 1 ground in sholinganallur and pallikaranai.Any thoughts would be much appreciated.
Thanks

Jaya

Hey,

Last week i visited chennai, i saw 2400sq ft land in Sholinganallur for 70lacs, not sure about pallikaranai.

r2home

In Pallikaranai, it is around 40-50 lakhs near 200ft road, and 30-40 lakhs inner.

vallisubbu

In pallikaranai, in pandiyan Nagar which is very closeto that 200ft road...is very booming. the people those who are going to getplot in some few days is quite lucky. once that 200ft road (which runs from tambaram to medavakkam)is opened, Pandiyan Nagar is the best and highly beniffited area. so guys even though u have lot of nagars in pallikaranai, u ask for pandiyan nagar, which will turn very valuuable in future course of time. Now the rate is 30-40 lakhs per ground in pandiyan nagar(with patta). by next year, if that road also gets opened, that price will be dramatically increase near abt a crore.the lands which are available now in pallikkaranai, will come with Patta. thats why its 30-40 lakhs. U can go for it..and benefit urself. Even i got a land in pandiyan nagar just now and i am sure that i have a great future ahead.

arun471

In sholinganallur, even there are plots for 80lakhs plus...

mkkrealestate

Hi Vallisubbu,
How much you bought in pandiyan nagar?
Is that what you bought is DTP approved?
By the way the road you mentioned is between pallavaram to thorapakkam.

Thanks.

sesirao

Hello respected members

I am new to this forum. I want to know the current real estate trend in and around OMR. Especially , backside to siruseri area where L&T is coming up . That area is called pudupakkam. Can anyone tell what is the current price of plots there and how much time it will take for that area to develop nicely.

thank you
sesi

Natarajg007

Carborundum sold its land in Pallikaranai right on the Velachery road for 13 crore per acre as per Hindu Dec 1st. That translates to around 1cr per ground if the land is in a developed layout and 65L per ground if it is patta land.

wiseman

Folks,

Someone who has heard firstclass info please correct me.

But Carborundum HAS NOT SOLD PROPERTY OF 4.4 ACRES FOR 58 CRORES.

A journalist who cannot read a Balance Sheet goes off and quotes a figure offhand. I checked the Carborumdum Official submission to the exchange and to its shareholders.

And Nats cherrypicks this info because it suits him. On top of that he creates something called "buildable" area and bumps up the price from 72 lakhs per ground to 1.1 crore per ground. Well, the Satyam guys also tried this kind of trick on their shareholders and see where it took them, ROTFL for once!

It says clearly, the Land, Building and the complete factory has been sold for a profit of 50.1 crores. And that is the exact detail available so far.

We do not know the written down value of the Plant & Machinery, Building and other assets sold along in this deal. This could be in the crores (and probably is).

We do not know the price of land purchased - if this had been purchased say 20 years ago in what was then the boondocks, it must have gone for around 10 bucks a SFt (I have a cousin who has several acres in Sriperambudur bought in the early 90s at Rs.10 per SFt - only now he sees some value to put a fence around it). Even at 50 rupees per SFt, the land value would be 95 lakhs. So, the total value of the entire deal would be 51 crores. Carborundum has built a replacement factory at a cost of 30 crores. So, I believe that the actual price of this land is much less than the 58 crores being palmed off - probably by the buyer who wants to build and sell at a much higher price.

Any suckers in this crowd?

cheers

sridharchennai

Yes there is one and the whole forum knows it