I came across a property in "Pandur Village" 7kms from Guduvanchery on the Guduvanchery-Thiruporur Road. The owner claims that the near by area will develop within 2 years. The price I was quoted for the land is around Rs.350/Sqft.
Not sure how will area react to heavy rain and not sure about the road conditions.
Please advice me if this property is good for investment and also will Guduvanchery be a part of potential areas that grow/develop in recent days?
Guduvanchery is poised for development as one can see. I have no idea about Pandur village... How far is it from the Guduvanchery- Tiruporur road? One good thing about guduvanchery is that lot of middle class population is building individual houses there. One of the main reason is the availability of good water ! 350/- per sq. ft appears to be a reasonable price. Try bargaining for Rs.325/-! Is it a resale property or newly promoted layout ?
Thanks for your response.
Pandur is at the 7th KM from Guduvanchey on the Guduvanchery-Thiruporur road. And this property is a new layout. Trying to negotiate with the owner -- however there are some lands nearby this property where vegetation/cultivation is still going on. So little worried, will this area develop in 2 - 3 years or not?
I have purchased one ground land for 40 Rs/sqft in Pandur Village in 2006 and I have been visiting Pandur twice in a year since then. Not much development has taken place in Pandur except one Substation by POWERGRID and a new factory manufacturing auto accessories. There is a rumour that Guduvanchery-Thiruporur road will be widened but nothing has happened so far. Recently PTC buses have started operations in this route but the frequency is not that good. Once Ceedeeyes Chennai Pattinam (7 kms)and Sriram Shankari (4kms) projects are ready for occupation, the investment in Pandur will start yielding results.
Thanks for the response Kalai.
Yes, I completely agree with you -- once we see some of the apartments becoming functional in Guduvanchery (like Shriram), we can expect some development in these areas. Moreover I believe all the middle class people will opt to settle down in areas like Guduvanchey which is close to both OMR and to Mahindra WC -- instead of opting an expensive one in OMR.
7kms from Guduvanchery on the Guduvanchery-Tiruporur road is very much on the higher side.... Is it a near the road... say about 100-150 metres.. You could get plots in Kayarambedu for nearly the same price... Guduvanchery Tiruporur road will develop only after CEEDEEYES chennaipattinam is delivered... and that is a good 2-2.5 years away... Please reconsider... You have to forget ur investment for at least 5 years.
Irrespective of the lack of development activities, the land prices in this road is going up beacause of the future prospects. Over a period of time, this road has to be a main link between GST and OMR and the advantage with the layouts are that most of them are DTCP approved and are abutting/close to the main road. However, kayarambedu will be a better option than Pandur is the prices are same.
you have done a right thing in investing in a plot in kayarambedu. Vandalur - Kelambakkam were also like this once and its commanding a high premium with the establishment of colleges and developments from OMR side along this stretch. A similar view can be taken on this road too. Govt. has plans to widen and develop the road leading from Guduvancherry upto Thirupporur. This route has lot of potential because you can find houses till intimate fashion, kayarambedu.... proposed shriram shankari will signal development once the project is thru, a little further will lead to chennai pattinam... once occupied the area will buz with activity,...... sai medical college is there on this stretch. ananya and one other big project is launched on this stretch.... wait for a couple of years to see your investments yielding handsome results....patience pays.. JAYASARATHI