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Fairmont Apartments by VGN Guindy, Chennai

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Fairmont Apartments by VGN Guindy, Chennai

Last updated: October 31 2019
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  • Fairmont Apartments by VGN Guindy, Chennai

    VGN Fairmont project Guindy prelaunch price - 6499/sqft. Location is great. Opposite Hilton hotel, Olympia Tech Park etc., Metro rail at your door step.
    Project is cramped for space. FSI pegged at 3.0. 1327 units in 10 acres. (14 floors - multiple blocks). comes with all amenities. Floor plans doesnt look great. Thought of sharing since it would benefit someone looking at options with in CBD areas at reasonable price !!!may be better option compared to some of the projects in areas like Porur and Thoraipakkam...
    Last edited September 22 2015, 11:41 AM. Reason: Text Formatting
  • #2

    #2

    Re : Fairmont Apartments by VGN Guindy, Chennai

    Can you give us the link for the floor plan etc...

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    • #3

      #3

      Re : Fairmont Apartments by VGN Guindy, Chennai

      Yesterday received mail and contacted. Location seems to be good and price reasonable. Experts and residents on that area please update. Also is metrorail or mono rail near the project ?

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      • #4

        #4

        Re : Fairmont Apartments by VGN Guindy, Chennai

        Originally posted by sathiya1984 View Post
        Can you give us the link for the floor plan etc...
        If interested, drop an email to VGN sales team, they will flood ur inbox with details. Bear in mind you are expected to pay 50% of total cost within 30 days of booking with out CMDA approval. looks very dodgy to me.

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        • #5

          #5

          Re : Fairmont Apartments by VGN Guindy, Chennai

          Thanks Sundar. I did that. As you said, it looks like open space is very minimal. What do you mean by other projects in porur, can you list few ?

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          • #6

            #6

            Re : Fairmont Apartments by VGN Guindy, Chennai

            I have also received the mail. There is no indication of payment plan.yesterday over the phone the sales team said cmda approval received and also payment linked to construction. That has to be confirmed.

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            • #7

              #7

              Re : Fairmont Apartments by VGN Guindy, Chennai

              Originally posted by sundarjp View Post
              6499/sqft.
              1327 units in 10 acres.
              There would be no breathing space, 132 flats per acre is very high.

              2BHK 637 - 1200 sq.ft Rs. 6500 Rs. 41.39L - Rs. 77.98L
              3BHK 1721 sq.ft Rs. 6500 Rs. 1.11Cr

              Base price looks fine for an official launch. If they add extras, it will make the bigger 2-BHK touch 1C. For pre launch they should sell without extras.

              The project will take more time for approval, if the payment plan has a bigger downpayment interest impact will burn the gains.

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              • #8

                #8

                Re : Fairmont Apartments by VGN Guindy, Chennai

                Originally posted by realkrishna View Post
                I have also received the mail. There is no indication of payment plan.yesterday over the phone the sales team said cmda approval received and also payment linked to construction. That has to be confirmed.
                It is cmda approved but they have applied for premium fsi at 3.0. I am still not sure how they can get the approval. It is linked to construction after u pay 50% 30 days from booking. This project will have longgggg lead time.

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                • #9

                  #9

                  Re : Fairmont Apartments by VGN Guindy, Chennai

                  Hi,

                  Where exactly is this located? Is it the HTL grounds which VGN acquired for Rs.270 crores a while back in Ekkattuthangal Industrial estate?
                  VGN Developers set to buy prime HTL land for Rs 270 crore | Business Line

                  If its the same land 6500 would be too high with full of small scale industries nearby and trucks and lorries and industrial sewage flowing all around.....

                  0% residential area

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                  • #10

                    #10

                    Re : Fairmont Apartments by VGN Guindy, Chennai

                    Originally posted by chennaireal View Post
                    Hi,

                    Where exactly is this located? Is it the HTL grounds which VGN acquired for Rs.270 crores a while back in Ekkattuthangal Industrial estate?
                    VGN Developers set to buy prime HTL land for Rs 270 crore | Business Line

                    If its the same land 6500 would be too high with full of small scale industries nearby and trucks and lorries and industrial sewage flowing all around.....

                    0% residential area
                    Its the same land. As per the enquiry the payment terms not fixed but it will be most likely that around 40-50 % of the total cost will be paid within one month of booking/launching. Launch price will be 500 plus per sqft.

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