I wrote about them this Jan and i am writing again. Last time both projects were available but now its almost closed. Before deciding, visit the place, see construction progress, talk to existing buyers in that project and then close the bookings

The closing rate can be around 3500 psf and you can get a 1590 sq ft flat -62Lakhs all inclusive.
You can work out the same end price with other projects and decide. I haven’t seen the construction progress but it is should be progressing well.

Alternatively you can book Sai Skanda 2bhk in velachery for 64L all inclusive.
Please find attached the excel sheet containing price details for Sai Surya and Sai Skanda.

surya-costavail
sai-skanda-cost

Contact:Siva Kumar
Real Value Promoters
98412 67243

Chennai: In a move that could have a sobering effect on Chennai’s overheated real estate prices, two builders are all set to launch affordable housing stock at rates as low as Rs 14 lakh for a two-bedroom apartment of 750 sq ft.
Using aggressive pricing and design strategies that promise high value for money are Sriram Properties and VME Properties – both new entrants in the housing sector but doing infrastructure projects for more than two decades.
Sriram is promoting a 1,850-apartment integrated township project at Perumathanallur, off Grand Southern Trunk Road and four km from Guduvanchery, which is linked by suburban railway. Though bracketed under the budget segment, going by the facilities the builder promises, it is comparable with upmarket residential clusters.
P Viswanathan of Sriram Properties, who oversees the project, said, “We will provide vetrified tile flooring, granite kitchen top and ISI standard fittings inside the flats. The common facilities will include gym, swimming pool, lawn, children’s play area, senior citizen’s park, meeting hall, two club houses, a commercial shopping space of 10,000 sq ft and six rooms and suites for guests.”
In two phases over 30 months from the time of project clearance, the group plans to develop about 2.4 million-sq ft residential space, he said, and added that the official launch was slated for January 15.
At a time when the real estate market is on the downslide and many builders who have embarked on costly mega residential projects are stuck due to lack of patronage, the prospect of affordable housing for low and middle income groups may act as a catalyst. For close to five years now, builders in Chennai have been promoting houses only for the rich and the super-rich.

M Murali, MD, Sriram Properties said, “We are not looking at the high-end luxury segment. We have priced it at Rs 1,800 per sq ft to keep it well within the reach of the masses who have been longing to own their dream houses. The key to our low pricing is the high level of standardisation that we will be able to achieve.” This is the segment where the bulk of the demand lies. It is estimated that Chennai requires 30,000 affordable houses per annum.
Sriram is promoting twoand three-bedroom apartments in sizes ranging from 750 sq ft to 1,440 sq ft. The biggest one would cost Rs 30 lakh, said Viswanathan.
The VME project coming up near Chembarambakkam, 500 metres from Bangalore Highway, will have studio, single-bedroom, double-bedroom and three-bedroom apartments. At Rs 2,400 per sq ft, the smallest flat of 507 sq ft would cost Rs 13.7 lakh, said M Kannan, director of the group.
In all, there would be 304 apartments on four acres and the biggest one with 916 sq ft would cost Rs 24.5 lakh, he said.
“Ours is basically a construction group. Being a new entrant in the residential segment, we will bank on the goodwill we have generated by constructing 20 bridges in Tamil Nadu and Kerala over the past two decades,” noted Kannan. Kannan has roped in international realty consultant CBRE for marketing the project.

HOUSE OF COMMONS
Sriram Properties is promoting a 1,850-apartment integrated township project at Perumathanallur, off Grand Southern Trunk Road .
Sriram will provide vetrified tile flooring, granite kitchen top and ISI standard fittings
VME project near Chembarambakkam will have studio, single-bedroom, doublebedroom & three-bedroom apartments.
At Rs 2,400 per sq ft, the smallest flat of 507 sq ft would cost Rs 13.7 lakh

Well today a lot of us are talking about Financial crisis and i am sure one day we would talk about Energy crisis.

Please join me in spreading the word and hope you would take the right decision of saving energy. I have advised many friends of mine to remove Incandescent bulb and fix Energy Saving Fluorescent bulks.

Did you do that in your home?. Either in India or US. Do you know replacing your bulbs right from your vanity bulbs in bathrooms to living rooms can save you and repay back your bulb costs with in a year.

Please act now and leave some energy for our childrens to enjoy.

Second hand properties is fluctuating and in turn there are some good buys available now to grab. As i hear Obama speaking now, i only feel, it should do good for India, stocks, Jobs or Realty market. Don’t expect an recovery before second-third quarter 2009 but when it happens, are your ready??

Are you utilizing this market conditions to your advantage. Well the answer lies with you.