I am planning to a buy a flat in palavakkam (Periyar salai). what are the merits and demerits on this area? How good would be the soil foundation as it is very closer to the beach? I am not familiar with the terms CRZ, FSI etc. would be helpful if you guys coudl provide some input on this area.

What is the current market rate per sq ft and how much rental can i expect for a 700 sq ft (2BHK) flat. Builder is quoting 6K per sq ft.

Thanks in advance.
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