Friends,

What would be the reasonable rate of a independent house ( land area 1 ground ) in maduravoyal area ?

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  • Friends, Any information about maduravoyal real estate situation ?
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  • Well .. It is hard to find a CMDA approved plot close to the new PH Road in maduravoyal .. lots of unapproved plots ... you get TNHB plots a little far from the PH road .. not sure about the price ..
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  • Originally Posted by mrajmohan
    Friends,

    What would be the reasonable rate of a independent house ( land area 1 ground ) in maduravoyal area ?

    Thanks


    A vacant plot measuring about one ground was quoted at Rs.70 lakhs in Nolambur .This is an area across the Poonamallee High road opposite Maduravoyal but slightly ahead towards Poonamallee.But at that rates there were no takers and the promoters DABC {who have also promoted apartments in that area} were running around frantically to sell it before 31st march to repay some bank commitment.

    Do not know the situaton now.
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  • Dear friend,

    The situation may not be any better now and may be still worser in today's hardly any takers at the price now. Every one is waiting to see a fall of 35 % like in the prices of plots and flats. If it falls down by 35 %, even then they will still hold on expecting further fall. Irrespective of the fall or increase, there are needy people who still buy or sell.

    ks2071746
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