OMR-Arihant Heirloom - Indian Real Estate Forum

rajappaa00 · 09-11-07

Hello,
Anyone bought apartments in Chennai-OMR-Arhihant-Heirloom project? Any details (plus, minus) would be appreciated.

Roon

ndpjai · 14-11-07

If anyone bought at this time, they are fools. Seriously wait for another 6 months to 12 months u'll see the difference.

iwm · 08-12-07

Why do you say that? Do you think the prices will come down?

survijay2 · 09-12-07

I believe the prices are too high.
Defeinatley the price will come down. There is over supply in chennai.
Lot of builders not able to sell. They will reduce the price when you approach. But better wait for some time.

san · 25-03-08

Any update on Arihant Heirloom is much appreciated.

Ravireddym · 26-03-08

OMR is getting some where near to 15000 apartments. And demand would be less because of the prices, around 4k (all inclusive). But if the builders force the govt to move the IT to OMR then these prices might stay with +/- of 10%.

ragu647 · 29-04-09

I am new to this forum, i would like to post some info on the ongoing arihant heirloom project which has almost 75%completed and we are planning to book a flat in this project this time the prices are also down so looks like the best time to buy it. If there is any suggestion and info needed please feel free to reply.

themonk · 30-04-09

I visited their site a couple of weeks back...construction was almost 75% complete. It is 2.5 km away from the OMR from navalur junction...there is a lake infront of the site...so there can be water logging during rains...

they quoted Rs.2090 per sft... i think the rate may still come down in the coming months.

lovebird · 30-04-09

Quote:

Originally Posted by ragu647

I am new to this forum, i would like to post some info on the ongoing arihant heirloom project which has almost 75%completed and we are planning to book a flat in this project this time the prices are also down so looks like the best time to buy it. If there is any suggestion and info needed please feel free to reply.

This is your first post and you are telling you are satisfied and going to book

Needless to say brokers and agents also campaign here

ks2071746 · 30-04-09

Quote:

Originally Posted by themonk

I visited their site a couple of weeks back...construction was almost 75% complete. It is 2.5 km away from the OMR from navalur junction...there is a lake infront of the site...so there can be water logging during rains...

they quoted Rs.2090 per sft... i think the rate may still come down in the coming months.

Dear friend,

If the price comes down by another 10%, i.e., to Rs. 1900/sq. ft level, it can be a reasonable deal considering the land cost of Rs. 700/sq. ft with UDS about 50% of flat area and construction cost of Rs. 1200/sq. ft. For example, a 1300 sq. ft. built up area, it can work roughly like this.

Land cost ( 50% UDS ) 650 sq. ft. x Rs. 700 = Rs. 4.55 lakhs.
Construction cost Rs. 1200/sq. ft.for 1300 = Rs. 15.60 lakhs.
margin20% = Rs. 4.03 lakhs
Total Rs. 24.18 lakhs

per sq. ft. Rs.24,18,000 / 1300 sq. ft = Rs. 1860 say Rs. 1900.

ks2071746

09-11-07	#1
rajappaa00 New Member Join Date: Nov 2007 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	OMR-Arihant Heirloom Hello, Anyone bought apartments in Chennai-OMR-Arhihant-Heirloom project? Any details (plus, minus) would be appreciated. Roon

09-12-07	#4
survijay2 New Member Join Date: Oct 2007 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	arihant I believe the prices are too high. Defeinatley the price will come down. There is over supply in chennai. Lot of builders not able to sell. They will reduce the price when you approach. But better wait for some time.

25-03-08	#5
san New Member Join Date: Mar 2008 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Any update on Arihant Heirloom. Any update on Arihant Heirloom is much appreciated.

29-04-09	#7
ragu647 New Member Join Date: Apr 2009 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Hi everyone I am new to this forum, i would like to post some info on the ongoing arihant heirloom project which has almost 75%completed and we are planning to book a flat in this project this time the prices are also down so looks like the best time to buy it. If there is any suggestion and info needed please feel free to reply.

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14-11-07	#2
ndpjai New Member Join Date: Nov 2007 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts	If anyone bought at this time, they are fools. Seriously wait for another 6 months to 12 months u'll see the difference.

08-12-07	#3
iwm New Member Join Date: Dec 2007 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Why do you say that? Do you think the prices will come down?

26-03-08	#6
Ravireddym New Member Join Date: Feb 2008 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts	OMR is getting some where near to 15000 apartments. And demand would be less because of the prices, around 4k (all inclusive). But if the builders force the govt to move the IT to OMR then these prices might stay with +/- of 10%.

30-04-09	#8
themonk New Member Join Date: Apr 2009 Posts: 13 Thanks: 0 Thanked 0 Times in 0 Posts	I visited their site a couple of weeks back...construction was almost 75% complete. It is 2.5 km away from the OMR from navalur junction...there is a lake infront of the site...so there can be water logging during rains... they quoted Rs.2090 per sft... i think the rate may still come down in the coming months.