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Apartment in MGR Nagar Vs Dhandeeswaram, Chennai

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Apartment in MGR Nagar Vs Dhandeeswaram, Chennai

Last updated: February 11 2010
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  • Apartment in MGR Nagar Vs Dhandeeswaram, Chennai

    Hi all,
    This is a nice forum and very useful for all sorts of real estate matters. We are trying to buy an apartment in Chennai. We have decided to buy a flat in Velachery area. We know that there are less choices here, as water logging problem is a constraint here. Anyways, things are improving these days. We would like to get guidence from this
    forum in deciding where to buy a flat. We chose Velachery, as it is closer to OMR( my work place) and as this area has good schools too.
    Hope those who have more knowledge about Velachery would definitely help.
    At this moment we have two options. Some flats are for resale in Alacrity in MGR nagar. the rate is 34 -36 lacs for
    1000 sqft. Building age is 10 years though. Another one is in Dhandeeswaram. This is about 200 mts away from
    Taramani road and its 6 years old. Here the asking price is 48 lacs for a 1000 sqft flat. Which one is a better
    choice? We are now, looking for apartments for our living purpose and may leave it for investment in future.
    Please give us your valuable suggestions.
    Thanks in advance.
  • #2

    #2

    Re : Apartment in MGR Nagar Vs Dhandeeswaram, Chennai

    I prefer you can go for a new house itself for 40 lacs prevailing rate near perungudi. 3300 to 3500 per sqft which is not far from tharamani nor velacheri

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    • #3

      #3

      Re : Apartment in MGR Nagar Vs Dhandeeswaram, Chennai

      Thanks for the advice. But we have seen that many new constructions by local builders, end up in the bedrooms and kitchen which are too small. Also the floor plans are not so good, and they have not done good utilization of the space avilable. Any suggestions for any builder of your knowledge is very much welcomed. I wonder if there are any new projects in Taramani road of this budget of 40 lacs.

      Thanks,

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