Tondiarpet - Prince Foundation !! - Indian Real Estate Forum

vingori · 11-03-10

Hello all,
Can some one advise me on the project 'Prince Village' by Prince Foundations? It is located on Elaya street (Tondiarpet) and I think the price they are demanding is near to Rs.3000/sqft as per their website. Is this price the current price? How is the repuation of the builders? By any chance has anyone seen this site? What is the progress of work?

Looking fwd to some fruitful inputs from the experts here.

regards.

sridhga · 12-03-10

Quote:

Originally Posted by vingori

Hello all,
Can some one advise me on the project 'Prince Village' by Prince Foundations? It is located on Elaya street (Tondiarpet) and I think the price they are demanding is near to Rs.3000/sqft as per their website. Is this price the current price? How is the repuation of the builders? By any chance has anyone seen this site? What is the progress of work?

Looking fwd to some fruitful inputs from the experts here.

regards.

Been to the site 4 months ago. It is very close to slum area.It is in an inner bylane of Washermanpet. The builder's reputation is good. The repute of the builder initially attracted me. There are many highly polluting factories in the surrounding area. Castrol factory and Pharma Company Tablets India are nearby. The site is also a former soap factory. This could cause water pollution. I would give it a pass. At that time the construction has not started. Is 3000 per sft all inclusive?

vingori · 15-03-10

Thanks Sri. I'm thinking about booking a flat in the phase-II of the same project. The phase-II is called 'The Avenues'.

vingori · 26-04-10

Quote:

Originally Posted by vingori

Thanks Sri. I'm thinking about booking a flat in the phase-II of the same project. The phase-II is called 'The Avenues'.

As I mentioned I'm considering a flat in 'The Avenues' by Emaar MGF. Considering the future prospects I'm ok with the price the builder is quoating i.e. Rs3100 sqft (apprx). Having said that there are a few concerns - The Building plan is not yet approved and is in various stages of processing. As per info it may take about 2-3 months before it is in place, however the builder is demanding that after booking a flat within 90days..I will need to pay 30% for the total amount which is apprx 10L. Since the banks wont fund the loan until the plan is in place...so my concern is that is it worth the risks to borrow money from external sources and wait for the construction to start after 3months?

Fuelling my worry is that the builder is also hinting at raising the prices...well honestly I'm not much worried about that bczz as i understand that has become a easy ploy for most builders...

So what do u guys feel will be the best bet for me..should I buy into the builders demand or should I wait and play it safe.

-vineet.

bulli79 · 27-04-10

Hi
My suggession is that you can wait till the builder gets approval. Coz you may not know whether he gets approval on time or not. It will be a big risk for u if u want to book it now.

11-03-10	#1
vingori Member Join Date: Sep 2009 Posts: 83 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Tondiarpet - Prince Foundation !! Hello all, Can some one advise me on the project 'Prince Village' by Prince Foundations? It is located on Elaya street (Tondiarpet) and I think the price they are demanding is near to Rs.3000/sqft as per their website. Is this price the current price? How is the repuation of the builders? By any chance has anyone seen this site? What is the progress of work? Looking fwd to some fruitful inputs from the experts here. regards.

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15-03-10	#3
vingori Member Join Date: Sep 2009 Posts: 83 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Thanks Sri. I'm thinking about booking a flat in the phase-II of the same project. The phase-II is called 'The Avenues'.

27-04-10	#5
bulli79 New Member Join Date: Feb 2010 Posts: 21 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	Hi My suggession is that you can wait till the builder gets approval. Coz you may not know whether he gets approval on time or not. It will be a big risk for u if u want to book it now.