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Veerapandi Nagar, Ponmar, Chennai - Suggestions

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Veerapandi Nagar, Ponmar, Chennai - Suggestions

Last updated: 1 week ago
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  • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

    What is the current Sqrft price in selva nagar?

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    • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

      Originally posted by ravikumaratl View Post
      Cruise,

      Is it good option to buy a plot in selva nagar.

      It is north facing plot with 40feet road.

      Please suggest,what is the current rate in selva nagar.

      The plot is in 170 series
      Originally posted by ravikumaratl View Post
      What is the current Sqrft price in selva nagar?
      I am not actively pursuing plots in this area, hence I am out of sync with the market rates of Selva Nagar. Why don't you mention the rate quoted by the seller/broker here? You might at least get some responses.

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      • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

        They are quoting around 1300 INR on 40 feet road.

        Is it okay to buy plot in selva nagar

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        • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

          Originally posted by ravikumaratl View Post
          They are quoting around 1300 INR on 40 feet road.

          Is it okay to buy plot in selva nagar
          From what I have gathered, the going rate is around 1250/sqft (regular, non-distress sale) around this place. Plot 173 has been recently registered for 1225/sqft, so you can try negotiating a little on the price front. The location is okay for long term investment, but if you are trying to speculate/flip based on the Artha and Jones's recent project launches, you might not see any returns as they have already been factored in to the price. If you are looking for end-use, you cannot build a house for the next few years. So its your call now.

          This forum has a lot of threads discussing on Ponmar, Vengadamangalam and Selva Nagar. Search and read them for further information.
          Last edited March 24 2015, 04:25 PM.

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          • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

            What is the GV NOW been a but out of touch last 3 months

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            • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

              cruise thank you.

              Iam not in plan to built house for next 10 years.

              Can we expect connecting road from selva nagar to V-K road in future.

              Currently there is lake in between.

              Is it okay to hold it for investment for long term?

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              • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

                I think Ponmar set to land realistic values in recent times.

                1-2 years before, i used to see ad for Selva Nagar for 1400 psft and Veerapandi Nagar for 1600 sqft. Recently ads are coming for 1200 for Selva Nagar and 1450 for VP Nagar. The actual transaction could be 50-100 less than ad price. It means there is market correction of price on one hand and new projects / developments in vincity like Tata, Velankanni schools, few, smaller flats, better roads happening on the other hand. With these two aspects, may be Ponmar is landing on realistic values, which is good for genuine buyers in long run.

                This should also happen to many other area including apartments specifically in suburban which has run disproprtionate to facilities and infra.
                Last edited April 6 2015, 07:05 AM.

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                • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

                  Anyone has information about plots promoted by Vighnesh properties?

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                  • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

                    Can you please give the contact details of VAO of vengadamangalam

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                    • Re : Veerapandi Nagar, Ponmar, Chennai - Suggestions

                      Can you please give the contact details of VAO of vengadamangalam

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