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Heirloom, Arihant Foundations, OMR, Chennai

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Heirloom, Arihant Foundations, OMR, Chennai

Last updated: April 30 2009
10 | Posts
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  • Heirloom, Arihant Foundations, OMR, Chennai

    Hello,
    Anyone bought apartments in Chennai-OMR-Arhihant-Heirloom project? Any details (plus, minus) would be appreciated.

    Roon
  • #2

    #2

    Re : Heirloom, Arihant Foundations, OMR, Chennai

    If anyone bought at this time, they are fools. Seriously wait for another 6 months to 12 months u'll see the difference.

    Comment

    • #3

      #3

      Re : Heirloom, Arihant Foundations, OMR, Chennai

      Why do you say that? Do you think the prices will come down?

      Comment

      • #4

        #4

        Re : Heirloom, Arihant Foundations, OMR, Chennai

        arihant

        I believe the prices are too high.
        Defeinatley the price will come down. There is over supply in chennai.
        Lot of builders not able to sell. They will reduce the price when you approach. But better wait for some time.

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        • #5

          #5

          Re : Heirloom, Arihant Foundations, OMR, Chennai

          Any update on Arihant Heirloom.

          Any update on Arihant Heirloom is much appreciated.

          Comment

          • #6

            #6

            Re : Heirloom, Arihant Foundations, OMR, Chennai

            OMR is getting some where near to 15000 apartments. And demand would be less because of the prices, around 4k (all inclusive). But if the builders force the govt to move the IT to OMR then these prices might stay with +/- of 10%.

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            • #7

              #7

              Re : Heirloom, Arihant Foundations, OMR, Chennai

              Hi everyone

              I am new to this forum, i would like to post some info on the ongoing arihant heirloom project which has almost 75%completed and we are planning to book a flat in this project this time the prices are also down so looks like the best time to buy it. If there is any suggestion and info needed please feel free to reply.

              Comment

              • #8

                #8

                Re : Heirloom, Arihant Foundations, OMR, Chennai

                I visited their site a couple of weeks back...construction was almost 75% complete. It is 2.5 km away from the OMR from navalur junction...there is a lake infront of the site...so there can be water logging during rains...

                they quoted Rs.2090 per sft... i think the rate may still come down in the coming months.

                Comment

                • #9

                  #9

                  Re : Heirloom, Arihant Foundations, OMR, Chennai

                  Originally posted by ragu647 View Post
                  I am new to this forum, i would like to post some info on the ongoing arihant heirloom project which has almost 75%completed and we are planning to book a flat in this project this time the prices are also down so looks like the best time to buy it. If there is any suggestion and info needed please feel free to reply.
                  This is your first post and you are telling you are satisfied and going to book

                  Needless to say brokers and agents also campaign here

                  Comment

                  • #10

                    #10

                    Re : Heirloom, Arihant Foundations, OMR, Chennai

                    Originally posted by themonk View Post
                    I visited their site a couple of weeks back...construction was almost 75% complete. It is 2.5 km away from the OMR from navalur junction...there is a lake infront of the site...so there can be water logging during rains...

                    they quoted Rs.2090 per sft... i think the rate may still come down in the coming months.

                    Dear friend,

                    If the price comes down by another 10%, i.e., to Rs. 1900/sq. ft level, it can be a reasonable deal considering the land cost of Rs. 700/sq. ft with UDS about 50% of flat area and construction cost of Rs. 1200/sq. ft. For example, a 1300 sq. ft. built up area, it can work roughly like this.

                    Land cost ( 50% UDS ) 650 sq. ft. x Rs. 700 = Rs. 4.55 lakhs.
                    Construction cost Rs. 1200/sq. ft.for 1300 = Rs. 15.60 lakhs.
                    margin20% = Rs. 4.03 lakhs
                    Total Rs. 24.18 lakhs

                    per sq. ft. Rs.24,18,000 / 1300 sq. ft = Rs. 1860 say Rs. 1900.

                    ks2071746

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