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Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

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Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

Last updated: May 1 2014
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  • Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

    I was offered a 3 ground plot less than 200M from the sea. I love it as it is so close to the sea. There are about 10 plots and I believe NRIs have bought those. I was promised the local panchayat thalaivar's approval and proof that the fishermen who lived there were paying tax on the "buildings" which were there so that I will not have any difficulties in future. I was told that once I buy the land, I can start construction and the Thalavar will support it.I wonder whether it is worth investing more than 1.5C for this plot in Muthukadu?

    As a large sum is involved, i am in a dilemma.
  • #2

    #2

    Re : Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

    Dont go by promises.See documents of permissions/sanctions.
    Thalaivar will become untraceable if things go wrong and legal questions arise subsequently.

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    • #3

      #3

      Re : Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

      check the rules for constructing within 200m.

      Thalivar will become thondar and further inturn may become kundar. becareful

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      • #4

        #4

        Re : Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

        Haha......... nice one "Thalivar will become thondar and further inturn may become kundar. becareful"

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        • #5

          #5

          Re : Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

          please check CRZ as well. Since you will be buying post notification act, even court will not even give temporary relief for STAY ORDER in case of any issues.

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          • #6

            #6

            Re : Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

            VeeCee,
            Offer appears to be legally unsound at present.
            Be very careful.
            All these thalaivar business is fishy.Such people will be hard to tackle once money parts hands.

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            • #7

              #7

              Re : Buy or Not? Plot for 1.5Cr at Muthukadu, Chennai

              Dear Friends,

              Thank you for the advice. I have decided not to touch that property.
              Thanks again.

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