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PrimeRose Project, KGS Developers, Pallikaranai, Chennai

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PrimeRose Project, KGS Developers, Pallikaranai, Chennai

Last updated: June 10 2011
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  • PrimeRose Project, KGS Developers, Pallikaranai, Chennai

    Hai All,

    This is new project has been announced in Pallikaranai at chennai.

    Few things about the Project

    1) Reliance Anil Ambani has 15% stack in KGS developers
    2) KGS has done a premium project " Vrudhi" in Kilpak before this.
    3) This project has all the modern amenities like Pool,Jim,Childrens play area, Indoor games, General stores, ATM etc.....
    4) Located just near the main road..6 way Road expansion is going on now.. This project has sifficienct spce in the front side for future expansion of the road also.
    5) Very near to OMR,Sholinganallur, Velacherry, Medavkakkam, Pallavaram and thambaram.
    6) Very few kilometers to Airport and Velacherry bus and railway station.
    7) Just near to the Kamachi hospital.
    8) The soft lauch price is better than the Appasamy MAPELTON project which is nearby.
    Current rate is Rs.4150 per sq.ft where as MAPELTON is charging Rs.4275 per sq.ft.

    These are the reasons which made me go ahead for this project.

    However they are yet to get the Approval for this project.

    Can someone share their views and openions about this builder and project...

    Thank you.

    Vignesh
  • #2

    #2

    Re : PrimeRose Project, KGS Developers, Pallikaranai, Chennai

    Originally posted by NatarajanVikky View Post
    Hai All,

    This is new project has been announced in Pallikaranai at chennai.

    Few things about the Project

    1) Reliance Anil Ambani has 15% stack in KGS developers
    2) KGS has done a premium project " Vrudhi" in Kilpak before this.
    3) This project has all the modern amenities like Pool,Jim,Childrens play area, Indoor games, General stores, ATM etc.....
    4) Located just near the main road..6 way Road expansion is going on now.. This project has sifficienct spce in the front side for future expansion of the road also.
    5) Very near to OMR,Sholinganallur, Velacherry, Medavkakkam, Pallavaram and thambaram.
    6) Very few kilometers to Airport and Velacherry bus and railway station.
    7) Just near to the Kamachi hospital.
    8) The soft lauch price is better than the Appasamy MAPELTON project which is nearby.
    Current rate is Rs.4150 per sq.ft where as MAPELTON is charging Rs.4275 per sq.ft.

    These are the reasons which made me go ahead for this project.

    However they are yet to get the Approval for this project.

    Can someone share their views and openions about this builder and project...

    Thank you.

    Vignesh
    Hei Vignesh,
    I'm not very sure about the prospects of the project, but just want to clear you one things about the stake holding.

    Anil Ambani's ADAG is a 15% stake holder in KGS Aranmula Airport Ltd which is a sister company of the KGS Group. KGS Developers, KGS Milestone and KGS Engg are the other sister concerns of the group.

    I verified the same on their website also and an extract from it -
    KGS Aranmula Airport Ltd. will be the developer for the proposed International Greenfield Airport project. This company is registered under the Companies Act 1956 by promoters of KGS Developers Ltd, in association with Anil Dhirubhai Ambani Group (ADAG), Aranmula Aviation Ltd ,Mr. Abraham Kalamannil and KINFRA (Proposed).

    Wish you good luck with your investments.

    rgds.

    Comment

    • #3

      #3

      Re : PrimeRose Project, KGS Developers, Pallikaranai, Chennai

      Thank you so much...

      I have gone through the website of www.kgsdevelopers.com , where in i find the following

      "Reliance Anil Dhirubhai Ambani Group has 15% stake in KGS Developers Ltd and is a 50% joint venture partner in 3 township projects in chennai."

      Reliance group is a strategic partner of KGS developers also, it seems.

      So far i beleive what KGS website and leaflets says... i hope that it is true. The rest ....Leave it to god...

      Comment

      • #4

        #4

        Re : PrimeRose Project, KGS Developers, Pallikaranai, Chennai

        Don't leave everything to god my friend. I'm sure your research and patience will pay

        good luck.

        Comment

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