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Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

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Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

Last updated: June 16 2016
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  • Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

    Hi all,
    Has anyone heard abt this project in OMR?

    Pls share your thoughts.....

    Thanks in advance
    Jay
  • #2

    #2

    Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

    hi.
    i am interested too, am not sure abt the price range..

    Comment

    • #3

      #3

      Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

      Hi,
      Sq ft rate is 3600 Rs i think iam not sure.....but i need details on if they have got approval and all......let me know if you come across about this project.

      Thanks
      Jay

      Comment

      • #4

        #4

        Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

        Hi,
        I have brought one. The locations are good.The price is lowest than all builders in the area.

        They have good features but I feel they are new builders to the Chennai Scene.

        Please let me know if you all find or know anythind.

        Thanks

        Comment

        • #5

          #5

          Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

          Hey,

          I attended their roadshow in New York and New Jersey earlier this year and was very impressed by the project offerings. Hiranandani and other developers priced their projects at a rate way higher than them for unknown reasons.

          I visited Chennai to have a look at the sample flat and other developments in that area. Opaline is way before the other projects on OMR and it does look to be a good investment.

          Better location...better price...kinda new developers ...but was astounded by the Olympia Tech Park in Guindy...investing here 4 sure...

          Cheers,
          Saurav

          Comment

          • #6

            #6

            Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

            Check with revised guideline values before taking the plunge

            Hi:

            Rs. 3600/sqft. sounds bit pricier to me. Check www.tnreginet.net for most recent guidlinevalues which are based upon a combination of govt. assessement and builders. Agreed that there will be difference between guideline and market value but if the difference more than 50% then I would not be so confident of paying up. What I have seen is that there is a special add-ons to price if you turn out to be an NRI.

            Comment

            • #7

              #7

              Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

              In their website about this project, I see price for 1250 sq ft is 42,26,300 which is 3380 per sq ft approximately. People to travel by Bus to this place would be very difficult. I am really concern about the maintenence. Maintenance charges usually high for this type of flats.
              Last edited December 12 2007, 02:35 PM.

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              • #8

                #8

                Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

                Hi,

                I am planning to buy a flat in Opaline project. Does anyone know how many floors got booked in the 2 BHK block (CITRINE or CORAL) mentioned by Olympia.

                And regarding the rates, why they haven't increased the rates till now, coz' the recent quote I got from them is still Rs.3381 per sq. ft. Is it because of the pending approval?

                It would be much appreciated if someone could help me regarding this.

                Thanks and Regards,
                Bharan

                Comment

                • #9

                  #9

                  Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

                  How do you expect them to increase price when a builder like DLF does a soft launch at Rs.2800/- per sqft. Builders on OMR have artificially hiked up prices. I do not see a return on these rates. When all these projects get completed you will find enough flats as against demand. I do not see a rental of more than Rs.10/- per sqft. Some of the builders will find it difficult to even sell the flats.

                  Originally posted by bharan View Post
                  Hi,

                  I am planning to buy a flat in Opaline project. Does anyone know how many floors got booked in the 2 BHK block (CITRINE or CORAL) mentioned by Olympia.

                  And regarding the rates, why they haven't increased the rates till now, coz' the recent quote I got from them is still Rs.3381 per sq. ft. Is it because of the pending approval?

                  It would be much appreciated if someone could help me regarding this.

                  Thanks and Regards,
                  Bharan

                  Comment

                  • #10

                    #10

                    Re : Olympia Opaline by Olympia Group in Old Mahabalipuram Road, Chennai

                    They have obtained all the approvals and I heard the formal launch is within a couple of weeks. The project looks promising, and I had a look at the sample flat last week. The location on the OMR strip is awesome and I booked a couple of flats as well.

                    Cheers,
                    Saurav

                    Comment

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