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Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

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Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

Last updated: July 31 2021
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  • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

    As of now , Artha planned only Row houses or Apartments also.. Any views on this ?

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    • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

      Hi this is my first post in this website.

      I dont think Gnanammal nagar is DTCP approved. Even their add doesn't claim to be.
      For more information please look into this link below,
      our site is located in ponmar village - Tambaram - Land - Plots For Sale - ponmar

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      • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

        Originally posted by Chennai13 View Post
        Hi this is my first post in this website.

        I dont think Gnanammal nagar is DTCP approved. Even their add doesn't claim to be.
        For more information please look into this link below,
        our site is located in ponmar village - Tambaram - Land - Plots For Sale - ponmar
        Gnanammal nagar is only local panchayat approved. They claim Rs.1400 per sq. Ft.

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        • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

          Originally posted by cruise_1982 View Post
          There are two new layouts coming up, Gnanammal Nagar in Ponmar and Sri Selva Perumal Nagar in Maduraipakkam (CMDA approved). I noticed them while driving through Medavakkam-Mambakam road, do not have any further information though.
          Selva perumal nagar is on mm road its a cmda approved and all plots sold out. It seems they sold out for Rs.2000 per sq ft.

          Sent from my HTC One V using Tapatalk 4 Beta

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          • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

            Originally posted by ShankarIn View Post
            Selva perumal nagar is on mm road its a cmda approved and all plots sold out. It seems they sold out for Rs.2000 per sq ft.

            Sent from my HTC One V using Tapatalk 4 Beta
            So fast?? R u sure??

            SR, Cruise : think abt promoting a layout here.

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            • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

              I won't be surprised if all the Plots were sold out so quickly such is the demand for residential property on this stretch. Any day I would recommend investing on this stretch .It's a hidden gem .

              P.S : I am not a Broker and I am not promoting this locality for any commissions etc.


              Originally posted by rohit316 View Post
              So fast?? R u sure??

              SR, Cruise : think abt promoting a layout here.

              Comment


              • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

                Originally posted by rohit316 View Post
                So fast?? R u sure??

                SR, Cruise : think abt promoting a layout here.
                I dont beleive the news, there is the element of bait and switch
                i did not call / enquire about this layout will try to send folks this weekend and check,

                where does the CMDA jursidicational border end ? kovilancheri ?

                No -you have to be local to do those or just invest in such and get out.
                Last edited June 28 2013, 07:56 AM.

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                • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

                  Originally posted by g.v.kumar View Post
                  I won't be surprised if all the Plots were sold out so quickly such is the demand for residential property on this stretch. Any day I would recommend investing on this stretch .It's a hidden gem .

                  P.S : I am not a Broker and I am not promoting this locality for any commissions etc.
                  Every one now started to add a disclaimer now , what a joke , be free to voice your opinions about a layout and its prospects regardless of if you have invested there , you dont need to be PR person of the layout you have invested in.
                  Chennai has so many hidden gems that we lose time in senseless arguments and not focus on searching value picks -
                  Even in this worst market layouts are jumping 50+ % in 1 year and then stagnate, why cant we search and get into them ?

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                  • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

                    Originally posted by g.v.kumar
                    It's a hidden gem .
                    Every gem has a value range and limits. What is the upper end of the range where one still sees it as a hidden gem?

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                    • Re : Plots / Land in Ponmar - Medavakkam -Mambakkam Road, Chennai

                      Originally posted by maverick007 View Post
                      Every gem has a value range and limits. What is the upper end of the range where one still sees it as a hidden gem?
                      Ok. Let's have a scientific way of calculating valuations. We can't have constant upper and lower limits since real estate prices are dynamic. So, experts kindly answer the below.
                      1. How much discount can v have for ponmar over sithalapakkam and nearby developed areas. In another words, when sithalapakkam reaches 3000, what should be the value of ponmar (for ex ponmar = X% of 3000) as and when the ponmar exceeds the value, its not a value buy.

                      So discount %?? Viz., X??

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