Over the years, interest from FD’s, Monthly income scheme’s all proved that the returns are negligible with no capital gains.

A lot of folks are turning towards rental incoming as a sure shot way to get additional funds which can become primary when there is job loss or discontinuation for higher studies

Coming to the question, what are the investment options currently available which are low on investment and decent on returns?

A workable example below

Investment: Rs 25 lakh to 32 lakh

Location: Ramapuram. This property is sandwiched between Asvini Amrisa and Navin’s Subhamangala.  It cost around 50 lakhs for a 2 bhk in Asvini or Navin’s.

Property: Marvel Apoorva

Flat Size: 611, 641  ,811 ( All 2 bed)

Rental Range: Rs 7500 ( 611 sq ft) to Rs 10000 ( 811 sq ft).

USP:  Gated community, 234 apartments, higher UDS flats, Flat is less than 10 yrs old, decently maintained, low maintain per month ( Rs 600 to 800), Lift, RO, Children’s play area, open car park.

High demand for rental property. DLF, L&T , SRM, Olympia IT park folks, SRM , MIOT hospital.

Ramapuram is center of Chennai. Can reach most of the places within 30 min or so

This is a value buy.

Cons:  Looks bit congested.

You may need to spend a bit on refurbishing the flat ( Rs 20000 or so)

More Information: http://www.macromarvel.com/rama.htm

Disclaimer: I don’t own a flat here.

Just happened to visit VGN Ernest at Avadi -Melapakkam. This is on the avadi-poonamali road behind Saravana textile sweet shop

The first phase of 140 flats are sold out for Rs 1800 per sq ft

I was told the second phase will be sold at a higher price may Rs 1900 psf. The construction is likely to commence from next year.

They hold a huge land base here and if considered for investment, one should wait for another 5 years to see appreciation.

Avadi in the recent times is witnessing quite a few builder activities with presence of known names like VGN, Asvini, Nutech and Shantha. VGN already made a value offering – Aviv court.

VGN now has started 4 new projects at their Classic enclave plots. The starting price is Rs 2495 per sq ft. Contact VGN for further information

ASVINI AMANYA

Amanya is sandwiched be OMR and GST. From Tiruporur -OMR around 8-10 KM and from GST it is around 13 KM. It is right next to CEE DEE YES CHENNAI PATINAM

Price was Rs 1699 per sqft + 25 per sqft + 1.25 lakhs (Other cost).
Now it is Rs 1799 per sqft + 25 per sqft + 1.25 lakhs (Other cost).

The price will be slowly increased by another Rs 200-300 depending on the response in another 1 year time frame.

Builder previous project Amarisa came out very well. Price starts 12+ Lakhs for a 1bhk, 15-16 lakhs for a 2 bhk and 19-23 lakhs for a 3 bhk inclusive of all charges. Pay now Rs 50000 and your next payment will start around Feb-Mar 2011

CEE DEE YES Chennai patinam (CP) -2km from Amanya has schools, super market, cine complex etc. So these factors should not concern buyers.

I am not sure at this point which is better -CP or Amanya. CP will be completed in a year time frame and Amanya construction will end by 2012 Dec or Q2 2013.

Will post photos if i happen to do a site visit.

This area is part of new chennai development.

ETA STAR – GLOBEVILL Township

Location – Oragadam , Next to Detriot
Pay Rs 2.5 lakhs (Approx) and enjoy pre-emi offer and your actual EMI will start at the time of handover of the flat

27km from MK and 12 km from sholingnallur. It was nice to see projects which i had blogged and taking shape. Had to cross 2 tolls one in perungudi and one near padur. Rs 34 gone. Never knew i can share the toll ticket i bought in perungudi and give it in padur or egattur toll. so we spend  68 on toll. later got to knew there was one day pass. Made a dumb mistake.

We were in a hurry and want to cover as much. Reached XS Real Amity. Its a Fairsquare brand of XS real (fairsquare.in) . 32 acres. Bella tuscany is in the same compound. No idea why people spent 50 L for a apartment here. Too far from city. For folks in sipcot , may be its a good buy. But still i would have considered projects in perungudi and drive to sipcot.

Amity’s model apartment looked excellent. Nice space management. Price is decent. My fear now a days is completion.

Dont go into much details. It is after the toll so visitors are tolled to visit u.

Fairsquare another project is Project K which is in kovillambakkam.  No lift. but no mainteance concept apartment. Meaning each block gets a studio for free which is rented out and rent is used for maintenance. This is right opposite NITTANY DECISION SERVICES near Kelakatallai  junction.

Priced around 2900, may be its a good location but no lift proved a disadvantage for me.

Amity is a good investment, Project K upto first floor is good investment.

• Ananda the first phase at North Town in Perambur, Chennai, a premier, residential development, exuding traditional aspirations with contemporary architecture. Ananda located in the Southwest corner of North Town, offers homes in 1, 2 & 3 bedroom apartments to suit individual lifestyles.

• Brahma located in the north-west corner of North Town, offers homes in 1, 2 & 3 bedroom apartments to suit individual lifestyles.

• These towers extend upto 14 storeys high in a sanctuary that keeps out the hustle & bustle of the city

• The sanctified Jain Temple in the premise offers Peace & Tranquility.

• All apartments at North Town are designed in conformity with ‘Vastu’.

• Especially dedicated towers for ‘ Vegetarians’ at Brahma

Dear Sir / Madam,

Sub: Launching of Neel Kamal residential project on Old Mahabalipuram Road
(OMR)

Greetings and Happy New Year.

We are pleased to announce the launch of our prestigious residential project
at OMR (opposite to Siruseri SIPCOT) on 24th January 2009.

Taking into consideration of present need of affordable homes, this project
is designed to give the following focus
. Locationally very convenient just 20 minutes drive from Madhya
Kailash (Adyar)
. Affordable price suitable for all category
. Flat prices from Rs 13.2 lakhs onwards. 1BHK,1.5BHK,2BHK & 3BHK
apartments.
. All required amenities like Car parking, Gym, Children’s Play area,
Joggers Track, Departmental store, etc.
. Pollution free air, natural view of Bay of Bengal, MuttuKadu
backwaters.
. To have a perfect or wise investment plan in a right location that
gives high returns or high appreciation
. Neel kamal project is adjacent to reputed IT giants like
TCS,Infosys,Cognizant, Wipro, etc.

Looking forward for your support, and your presence at Neel Kamal site.

Please do not miss this golden opportunity.

Best regards,
P.S.Sivakumar
Deputy Manager – Marketing
Real Value Promoters
98412 67243

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