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VGN Krona, VGN Builders, Porur, Chennai
February 19 2011 , 09:37 PM   #1
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VGN Krona, VGN Builders, Porur, Chennai

Hi pals,

Any idea about the VGN Krona whether it is worth an investment. They are quoting 3400, but their final price is 4500, which means 45 Lakhs for a 1000 sq ft apartments, 5 kms from Porur???, but they have all club house facilities etc. but one problem could be is the airport expansion, even though they have the AAI clearance, in future they might expand

but when enquired greenpeace they quote 43 lak for a 960 sq ft apartment but not in airport zone, and XS costs 89 lakh.

the next plot to VGN is 10 D by manju foundation, but they r finding it so difficult to get approval, but how did VGN Manage. do give ur opinion. thanks.
February 20 2011 , 09:37 AM   #2
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It is crazy to pay 3400 for porur !

Hello arjitha,

I fairly know this place and 3400/sqft is a crazy price for this area. I think we customers cannot be fooled to this extent. With metro train coming to chennai, i suggest you invest in areas which falls under metro or emu. Train transportation will be future of chennai like mumbai. Porur definitely not in the line. Think about it. I am not a real estate dealer i am just a another home purchaser like you

warm regards
ganesan
December 27 2011 , 05:58 PM   #3
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Quote:
Originally Posted by ganesan1972
Hello arjitha,

I fairly know this place and 3400/sqft is a crazy price for this area. I think we customers cannot be fooled to this extent. With metro train coming to chennai, i suggest you invest in areas which falls under metro or emu. Train transportation will be future of chennai like mumbai. Porur definitely not in the line. Think about it. I am not a real estate dealer i am just a another home purchaser like you

warm regards
ganesan
I completely agree on the pricing. Please find a approx way of calcuting the cost any builder would incur and then apply your judgement

1. Land cost-- In this area i guess it is around 24 lacs per ground. Even row houses they hardly give 800 sqft and hence you can take 8 lacs for the land value.
2. construction cost incuding profits i guess for any builder as a thumb rule is Rs.1500/Sq ft. ( this keeps varying up&down depending on the material cost)
3. Hence for a Row house with 1400 sq ft built up area should cost around 30 lacs as per the above two thumb rule.
4. Add their infrastructure charges of 5 lacs ( which is too high as the number of houses are quite high), i don,t see the cost exceeding 35 lacs.
5. Wha is quoted is aroudn 65 lacs. It's huge profits if my guesstimate is correct( please take to construction professional known to you to crosscheck this guesstimate).
6. I have met many builders in chennai and i am finding everyone is working with this kind margins and i guess they are all toghther in this.
7. Please build awarness among buyers and please verify the cost of the project approximately and the kind the margins we pay.
8. If we all build conusmer awarness then we all would get a fair deal.
9. Please do not hurry as the general message is that they have only few houses or flats left and book immediately. By this way you would be immeidately diverted from trying to verify about any project and start thinking how to book. This is just illusionary pressure and i find some many projects are not moving and people chase you ever for six months.
10. this is not for this project but for any project or builder in general.
March 9 2012 , 09:20 PM   #4
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sold out

oh phase one is sold out- can u all believe?? so much demand and the representatives are not bothered -- many felt this is costly and now Navin is charging 5300 in the same vicinity. now that the airport issue is relatively clear, this place is really hot now since the psbb millennium schools success
March 10 2012 , 07:55 AM   #5
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Hi,

I had a similar experience with another project of VGN. One of their reps told me only a few flats were available, and if I did not hurry, these also would get sold out by the following saturday. This was 6 months ago, and they are still chasing buyers for this project. So beware of pressure from sales people who give you a wrong picture of the availability, just to rope you in.
March 10 2012 , 10:39 PM   #6
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Porur will have a good scope in near future, but 5 km from Porur is lil too much.
March 13 2012 , 12:42 PM   #7
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krona

no it is 2.5 km from Porur junction. but believe me the other side of this project a ground rate is 1 crore and 3 lac (in moulivakkam near the porur kundrathur road). one of my friend registered 1100 sq ft land for 46 lac. but on a investment perspective Bella Vista or any projects in OMR is good place than this i believe.
March 14 2012 , 09:44 PM   #8
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Quote:
Originally Posted by snt2011
no it is 2.5 km from Porur junction. but believe me the other side of this project a ground rate is 1 crore and 3 lac (in moulivakkam near the porur kundrathur road). one of my friend registered 1100 sq ft land for 46 lac. but on a investment perspective Bella Vista or any projects in OMR is good place than this i believe.
Hi snt2011,

I am relatively new to the forum and RE industry. Can you please explain how you say that getting an apt in Belle Vesta is an investment option. Because I physically went down to the place which close to 2 KM away from SRMC and 5km from Porur Junction. Not sure if the place has got any appreciation value as that of OMR, except the apt is right on the high way. Please help me understand.

Thanks
AvisAvis
March 14 2012 , 11:21 PM   #9
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Friends ...can u list out some projects at Porur located on the main road?
March 14 2012 , 11:59 PM   #10
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Navin Shristi is the one located on Porur Main ..
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