Hi,

Anyone has booked a flat in SSM Nagar Perungalathur? Is it a good one to invest?
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  • If they give preference to residents during school admission, it is worth considering. It is a very popular school. Also it is beneficial to stay close to school if intend to enroll kids there.

    They have developed some popular layouts in Chromepet and have several decades of experience in construction industry but this seems to be their first township project.
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    1 Comments
    • AjoshGS8 months ago
      school is indeed good. I concur that. But not the property
  • SSM School is a good school no doubt about it but the location of SSM Nagar is not so good it is very close to Tambaram Air Force Station and you will have to bear with the constant noise pollution created by Helicopters and fighter planes.I have experienced it personally.

    Originally Posted by thums123
    Hi,

    Anyone has booked a flat in SSM Nagar Perungalathur? Is it a good one to invest?
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  • How about SSM builder offer of just pay 20L for a flat worth 40L? Is it worth? Will the area appreciate? Is it good for resale/investment?
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  • Please help with your comments on this offer
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  • Another thing to be aware of is that there is a talk of lands around this area being acquired for the proposed bypass road.
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  • Have they started construction?Contacted them and they still have the offer open and the proposed bypass does not seem to take off.
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  • A thread in the RE section of a ladies forum says that everything has been sold out. but I read here that it is still open.

    They charge exorbitant fees in their school, so I know for sure that they do not do charity. Does anyone know what is their modus operandi? There is no free lunch. So if they are giving it for 50% of the price, what is the catch?
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    1 Comments
    • AjoshGS8 months ago
      The catch is they have revised the rates and asked flat owner to bear the total cost. Simple. He also promised rent for the delay to calm down people and have now did a u turn. So bottom line take the call cautiously
  • Originally Posted by g.v.kumar
    SSM School is a good school no doubt about it but the location of SSM Nagar is not so good it is very close to Tambaram Air Force Station and you will have to bear with the constant noise pollution created by Helicopters and fighter planes.I have experienced it personally.


    Boss,
    I studied at GKM just behind the AIr Base...(We actually share a wall with them....ours lies just next to the runway which can be seen clearly from the terrace of the 2 storied building it was then)... And we never used to have any problems of aircraft noise or anything apart from when they are training for some acrobatics or something....As far as Ive seen it is mostly single engine glider type planes mostly training pilots for the airforce a few hours in the morning and afternoons and seldom in the evenings and at night (spent a lot of late evenings there at college)

    but situation might have changed nowadays with the war prep with Pakistan going on full swing (having said that when are we never alert when it comes to the Fking PAKIS)....

    I do not know where exactly this township is but I can say that living near the base isnt any worse than buying next to a railway station in relation to noise alone

    EDIT - Having said that I do agree that it is a bit too much noise when the fighter planess take off.
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  • Originally Posted by thums123
    How about SSM builder offer of just pay 20L for a flat worth 40L? Is it worth? Will the area appreciate? Is it good for resale/investment?


    Sounds like a blunt marketing gimmick
    Double check the location, builder's credibility and quality
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  • No information is available in social forums and having hard time contacting them and getting information
    Originally Posted by braveman
    Sounds like a blunt marketing gimmick
    Double check the location, builder's credibility and quality
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  • SSM Nagar

    The SSM Nagar at Perungulathur is yet to be started. They were to take building approval before December 2012, but still pending. Only e-mails are coming that they are on the job.

    Investors money roughly 25 crores are remaining idle for the past several months.
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  • I personally went builders office yesterday and looks like they are asking for price of 3500/sqft + 10% statutory charges + 1,50,000 for car parking.

    They are still waiting for CMDA approval and we can only see big vacant land near to the school with the SSM nagar banner.

    I also heard they may increase the price to Rs. 4000/sqft once they get the approval.

    By all means, SSM builders have created a huge increase in prices of lands in near by areas by planning to come up with a flats by 2015 (which is still a long way to go)
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  • Thanks. What does the 10% statutory charges meant for?

    So seems like there is no other offer. how any flats have been booked? 4000 sqft seems to be on very high unless it has exceptional amenities.

    Originally Posted by skumars25
    I personally went builders office yesterday and looks like they are asking for price of 3500/sqft + 10% statutory charges + 1,50,000 for car parking.

    They are still waiting for CMDA approval and we can only see big vacant land near to the school with the SSM nagar banner.

    I also heard they may increase the price to Rs. 4000/sqft once they get the approval.

    By all means, SSM builders have created a huge increase in prices of lands in near by areas by planning to come up with a flats by 2015 (which is still a long way to go)
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  • Originally Posted by thums123
    Thanks. What does the 10% statutory charges meant for?

    So seems like there is no other offer. how any flats have been booked? 4000 sqft seems to be on very high unless it has exceptional amenities.


    Looks like it includes E.B 3 phase connection, solar water heater, lift and document registration charges.

    I am not sure how many are booked but what i hear from them is most of them have already booked only few left in top most floor (4th floor).

    Thanks
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  • Thanks so much. I am not sure if this pricing is justified. with so many apartments (Think close to 3000 apartments) am not sure about maintenance etc.

    Experts can probably confirm.

    Originally Posted by skumars25
    Looks like it includes E.B 3 phase connection, solar water heater, lift and document registration charges.

    I am not sure how many are booked but what i hear from them is most of them have already booked only few left in top most floor (4th floor).

    Thanks
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