Hi,

I had recently visited Marg's site in Seekinankuppam which is nearly 70 kms from their office at OMR. The place looks good; clean air; open and unpolluted environment; close to the sea face however, the distance from the city is the main concern here. The Marg reps claim the need for going out as minimal after the whole township which will contain everyting from grocery stores to hospitals; is built. The price(10 lacs for a 1bhk) looks mouth-watering but at the same time I'm also doubtful about the appreciation of the land value solely attributing to it's distance from the city. They also said that the MRTS is eventually gonna expand to that neighborhood which clearly is a marketing gimmick.
What would you guys suggest me to do? Go for it or pass?

Thanx,

ne0sphere
Read more
Reply
90 Replies
Sort by :Filter by :
  • CommentQuote
  • Yes

    Originally Posted by thirumalai
    For all updated details about marg swarnabhoomi :
    Visit :marg swarnabhoomi | Builders Chennai – Leading builders in Chennai, Low budget flats in chennai


    Yes, I have also come across this site, but the topics seem to be of a generalised nature, and not specific to the construction status of the the residential projects.The latest on utsav was Jan.2012, about the price list of 2 and 3 bedroom flats.
    CommentQuote
  • what is the progress of utsav project . when are they handing over ?
    CommentQuote
  • They say that ours might be handed over by Sep.-Oct. this year.....!!!Also I would like to know whether you customized any of the design of the apt like changing the doorway or flooring etc?
    CommentQuote
  • I have not done any modifications except for removing the partition in the hall which i felt was making the hall look smaller .

    The assured rental is on unfurnished home .
    CommentQuote
  • assured rental for three years!

    Today I got a call from marg telling that they would like to take my house on assured rental for three years @7000. it is a 1340 sq ft house. however the rent would be same for three years.

    Should i go for it. Experts please advice
    CommentQuote
  • Ask them do they the complete 3 year rent amount full in advance ??? if so get the amount and put it in deposit, enjoi the interest.

    Originally Posted by he2007
    Today I got a call from marg telling that they would like to take my house on assured rental for three years @7000. it is a 1340 sq ft house. however the rent would be same for three years.

    Should i go for it. Experts please advice
    CommentQuote
  • it would be on a monthly basis.
    CommentQuote
  • Any latest developments on marg swarnabhoomi project
    CommentQuote
  • Iam planning to sell out my flat in marg swarnabhoomi.. suggestions please..
    CommentQuote
  • Even monthly rent itself may not come in time for next 3 years considering the cash burden

    It is not advisable to handover the flat to builder whose job is to sell . You may put your own tenant so that you can monitor the status of house or else you have to seek permission from builder and stanger to tenant

    Originally Posted by Arunag
    Ask them do they the complete 3 year rent amount full in advance ??? if so get the amount and put it in deposit, enjoi the interest.
    CommentQuote
  • latest updates of marg swarnabhoomi.
    MARG Swarnabhoomi is the first of its kind integrated industrial and services township, unique in its co-existence of education, research, innovation, industry and fine living. Located on the scenic growth corridor of East Coast Road (ECR), mid-way between Chennai and Puducherry, it has proximity to the auto & electronic industrial belts at Oragadam and Sriperumbudur & the IT and knowledge hub of Chennai while being well connected via road, rail & air.

    Designed by world’s leading architects, HOK (USA), MARG Swarnabhoomi is Indian Green Building Council’s (IGBC) pilot project for “Platinum Rated City” and has the distinction of being the first to offer affordable housing of Rs. 20 lacs with all the amenities of a city. It is envisaged to have a population of more than 50,000 in the form of working professionals, domestic & international students and retired senior citizens.

    MARG Swarnabhoomi is a 1,000 acre development with 612 acres for multi-services cum engineering SEZs. This will develop into 30 million+ sq. ft. of built up space comprising of:

    Multi-services SEZ : with an area of 306 acres provides a platform/ plug-n-play infrastructure for companies in the sector like IT/ITES, training and development, animation & gaming, healthcare, e –publishing & e-learning, biotech, wet labs, pharmaceuticals etc
    Engineering SEZ : Spread across 306 acres with over 156 acres of processing area, the meticulously designed engineering SEZ intelligently caters to every minute need of the engineering industry (green and orange category manufacturing), making it an ideal destination to start operations. It caters to auto components, power equipment, medical equipments, electronic components, marine industry etc.
    Non-processing area: Comprising of 7200 launched houses, housing, retail, social infrastructure and a 4000 capacity air-conditioned convention center
    Non-SEZ area: Comprising of golf course, theme park, amusement park, multi-specialty hospital, hotel, service apartments, cricket stadium & other integrated sports facilities
    MARG SWARNABHOOMI- LATEST DEVELOPMENTS
    MARG Swarnabhoomi follows a sale and a short term rental/ lease model. It has primarily three thriving business activities viz. Engineering Services, Multi-Services, and Residential Real Estate and has been able to achieve considerable progress in attracting tenants and buyers. MARG Swarnabhoomi has 612 acres of land available, with saleable area of 446 acres. Presently 101 acres have been utilized with various clients operating in Light Engineering Services.

    MARG Swarnabhoomi’s Light Engineering SEZ is emerging the ideal location for industrial and manufacturing units with leading engineering brands roped in viz. Virgo Engineers Pvt. Ltd, PH Hydraulics, Tecpro Energy Systems, Vanspall Associates Ltd, Grundfos, Kwik Patch Ltd, Eswari Electricals and Twin Disc. Strand Bioprocesses, Biophenolika Polymers Ltd and Micro Therapeutics Research labs have been tied up in the research & innovation domain. Amritha Research & Innovation Park is leased out to M/s Exemplarr Worldwide to cater back office academic and business operations of its various clients such as M/s Educomp Solutions Ltd & Exigo Ltd.



    Total physical exports from MARG Swarnabhoomi SEZ reached a cumulative YTD figure of Rs. 32.5 crores by the end of Q3 FY13, which is almost 5 times that of Rs. 6.9 cores in the corresponding period of FY12. With the expansion of existing units and startup of additional units the exports are slated to grow faster. Key drivers facilitating MARG Swarnabhoomi’s growth will come from a combination of IT/ITES companies, Defense Offset Units, education initiatives and industrial/manufacturing units.

    To know more on key drivers of MARG Swarnabhoomi click here.

    Business Potential
    With a present built up area of 1 million sq ft in Multi-Services and Light Engineering Services SEZs & total of 345 acres of saleable area in the near future being available in processing and non-processing zones, MARG Swarnabhoomi can look forward to a built up area of 30 million sq. ft. with a total sale value of INR 6750 crores. It therefore has the potential to provide revenue of $1.5B with its existing projects and future plans in next 5-6 years time. The development in and around MARG Swarnabhoomi is gaining pace and is a key confidence building measure for business development.

    To know more on developments in and around MARG Swarnabhoomi, click here.

    Tax Benefits: Being an SEZ, there are tax benefits/ incentives for the SEZ company/ developer and also the units. This includes income tax, customs benefit, sales tax benefits, duty-free import/domestic procurement of goods for development, operation and maintenance of units, higher external commercial borrowing, exemption from central sales tax and service tax, single window clearance etc.

    To know more about MARG Swarnabhoomi, visit Special Economic Zones SEZ in Chennai Tamilnadu India, Multi Services SEZ : MARG Swarnabhoomi

    EDUCATION MARG SWARNABHOOMI
    An education cluster aiming at providing industry led academia in a flourishing environment of 100 acres, termed as, “Swarnabhoomi Educity”, which is the first of its kind education cluster in South Asia. Positioned as the ‘NextGen Knowledge hub for global education in India’ providing an integrated experiential learning environment.

    Swarnabhoomi Educity’s education initiatives are under a trust titled Swarnabhoomi Academy of Institutions (SAI) with an aim to shape young minds and create a knowledge based society bringing about profound harmony & prosperity. The institutions under SAI banner boast of enviable campus & infrastructure, great learning environment and experienced faculties backed by professional governing bodies.

    Education institutes already operational at MARG Swarnabhoomi:

    MARG Navajyothi Vidyalaya – a CBSE based school with 400 students
    Swarnabhoomi Academy of Music (SAM) – India’s first professional college for music with 280 students graduated
    MARG Institute of Design & Architecture Swarnabhoomi (MIDAS) - prestigious architecture college with 135 students
    Exemplarr Centre for Employability & Learning (EXCEL) -finishing school offering industry specific course curriculum & successfully delivering industry relevant programs


    To know more about existing educational institutions at MARG Swarnabhoomi, click here.

    Upcoming education institutes at MARG Swarnabhoomi

    MARG Institute of Technology Swarnabhoomi (MITS) -AICTE approved engineering college, will have BE programs in Civil, Mechanical, Electrical & Electronics Engineering
    MARG Institute of Management and Entrepreneurship (MIME) will offer management programs in Real Estate, Infrastructure, Port and Logistics Management
    MARG College of Arts & Science (MCAS) will offer degree programs in B.Com, BBA, BCA, B.Sc (Hotel Management) and B.Sc (Computer Science). The differentiator at MCAS will be the dual program which a student can choose and be more industry ready. It is the key differentiator to the college, attracting larger numbers
    Swarnabhoomi International School (SIS) -The school will be the first fully residential International school in 100 Km radius around MARG Swarnabhoomi
    MARG Swarnabhoomi Institute of Creative Technology (MSICT) -Initial student Intake at MSICT in year 1 (2013) will be 60 (30 for each course viz. multimedia/ animation)
    Central Institute of Technology (CIT) - Signed MoU with Central Institute of Technology (CIT), Western Australia to offer vocational courses in India
    Global Student Top Up Program (GSTP) will offer, primarily cognitive and skill related programs to the global youth
    To know more about upcoming educational institutions at MARG Swarnabhoomi, click here.

    Current student strength of 900 at MARG Swarnabhoomi is expected by grown by 1500 in 2013-14, which will further grow to 4,000 in 2015-16, accelerating demand for residential / hostel facilities at MARG Swarnabhoomi.

    To know more about Education MARG Swarnabhoomi, click here.

    Link :MargGroup
    CommentQuote
  • I feel swarnabhoomi is a slow and steady bet. things will definitely be good in the years to come.
    CommentQuote
  • Originally Posted by he2007
    I feel swarnabhoomi is a slow and steady bet. things will definitely be good in the years to come.


    In long term after 10 years it will be a good ROI story, but not now. First OMR stretch has to get fully saturated, then the Japanese township has to be fully functional, after that development would move to Marg swarnabhoomi also.

    May be in 2030 Pondicherry will be next door suburb of Chennai with high speed bullet train link if all goes well.
    CommentQuote
  • Originally Posted by trk2012
    In long term after 10 years it will be a good ROI story, but not now. First OMR stretch has to get fully saturated, then the Japanese township has to be fully functional, after that development would move to Marg swarnabhoomi also.

    May be in 2030 Pondicherry will be next door suburb of Chennai with high speed bullet train link if all goes well.


    By that time n no of projects will be available. It will be more economical to pick up at 2025
    CommentQuote