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Baashyaam Plutus Residence in Adyar, Chennai

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Baashyaam Plutus Residence in Adyar, Chennai

Last updated: October 9 2020
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  • Baashyaam Plutus Residence in Adyar, Chennai

    Considering to invest in recently launched plutus residence, Adyar. Price is Rs 12,099 / sq ft. Cost of 3 BHK coming to 2.5 Crores.

    Looks like the price in LB road has stayed around Rs 12,000 for over 4 to 5 years or even decreased ? TVH quadrant and tower of adyar are still unsold for 4 years..

    Will this area appreciate in future given so many OMR projects ?

    What is the expected returns over 10 years in this area ?

    Also what is the rental potential for 3 BHK
    Last edited December 13 2019, 04:54 AM.
  • #2

    #2

    Re : Baashyaam Plutus Residence in Adyar, Chennai

    Is anyone else looking at this property? Any reviews or catches?

    TVH and Tower of Adyar cost much more, ~5cr and ~4cr. So from that perspective, this project is priced relatively better.


    I think rental should fetch 60-65K based on what the nearby apartments (Olympia, etc.) are going at.
    Last edited December 31 2019, 05:07 PM.

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    • sbninja
      sbninja commented
      Editing a comment
      Plutus is not Adyar (it is thiruvanmiyur address) and it is priced in line with Olympia Jeyanthi which has reduced the price from 15k to 12.5K (they have 3 units left after 3 years of completion)

      TVH and Tower of adyar are proper Adyar. TVH is definitely more posh. Tower of adyar the floor plan is bad and the price seems way too high and they have sold only 10 units or something out of 50 even after 4 years after launch.

      what is happening in this area ? Is 2.5 C flat worth in Adyar/thiruvanmiyur area ? The price in this area has not increased in the last 5 years and has even decreased.

      Other option is to buy a plot in Neelankarai (current rate - 2.25 C/ ground ). Any thoughts?


  • #3

    #3

    Re : Baashyaam Plutus Residence in Adyar, Chennai

    Hi sbninja did you go ahead with Bashyam Plutus? I am looking to buy a flat or a plot in the vicinity of Adyar Thriuvanmayur Besant Nagar with a budget of 2.5crores. Did you go ahead with plutus or buy a plot at neelankarai?

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