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TNHB Flats in Thiruvanmiyur in Resale, Chennai

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TNHB Flats in Thiruvanmiyur in Resale, Chennai

Last updated: December 23 2015
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  • TNHB Flats in Thiruvanmiyur in Resale, Chennai

    Hi friends , I'm planning to get a 20 year old TNHB flat in Thiruvanmiyur. Sqft price is around 7000. Building can be used for next 5-8 yrs. Rent will fetch u around 15k. My concerns are

    > Can a TNHB apartment be renovated by private builders?
    > If so what are the regulations that apply since its near beach? Now its a S + 3 structure. Can the number of floors be increased?
    > Is the price reasonable?

    Thanks in advance . Your thoughts please.

    Regards
    Last edited December 23 2015, 03:49 PM. Reason: Text Formatting & Original Name Mentioned
  • #2

    #2

    Re : TNHB Flats in Thiruvanmiyur in Resale, Chennai

    My understanding is some TNHB flats near Thiruvanmayur beach was built and handed over by TNHB in around early 90s.

    These flats escaped the national CRZ rule that came in 1991 as the building plans were approved by MMDA before the CRZ rule that were formulated in 1991.

    A normal TNHB flats can be redeveloped by the owners and spare FSI or premium FSI can be used, however in case of this particular one it "could" be impacted by CRZ ruling when approched for redevelopment.

    I don't know if any redevelopment proposal could also be exempt from CRZ purview based on rule "road in existence prior to CRZ"

    If the redevelopment can escape CRZ purview it is s great buy at Rs7,000 and in a decades time it can be posh new upmarket flat on the beach.

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    • #3

      #3

      Re : TNHB Flats in Thiruvanmiyur in Resale, Chennai

      Originally posted by vishnu06 View Post
      Hi friends , Im planning to get an 20 year old TNHB flat in thiruvanmiyur. Sqft price is around 7000. Building can be used for next 5-8 yrs. Rent will fetch u around 15k. My concerns are

      > Can a TNHB apartment renovated by private builders
      > If so what are the regulations that apply since its near beach . Now its a S + 3 structure. Can the number of floors be increased .
      > Is the price reasonable ?

      Thanks in advance . Your thoughts please.

      Regards
      vishnu
      Vishnu,

      You should urgently consider this new development.

      You may be sitting on a great opportunity;



      https://www.indianrealestateforum.co...hennai?t=91812

      Comment

      • #4

        #4

        Re : TNHB Flats in Thiruvanmiyur in Resale, Chennai

        even i m planning to buy a TNHB flat. my concern is about UDS. Will UDS be greater than Phinth area. need clarification for this?

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