Here Comes DLF Chennai Garden City- 1200 sq ft Starting 35 Lakhs

The much awaited project in Chennai is finally here. DLF has finally come out with information of its new project, The Garden city in semmancheri in Chennai. Agressively priced starting around 35 lakhs for a 1200 sq ft, it is bound to hit the already dull IT corridor market.
 

A total of 3500 apartments, Padma Sheshadari school, Fortis mini hospital , mall etc is planned and this is what i call perfect time to invest. Is it worth it, a big YES from my side. With neighbouring projects priced at 3500+, the worst hit would he Hiranandani Upscale, Adora who are priced very very high for almost same features. Need to see how well is Hiranandani competes against DLF.

If you are planning for home in IT Corridor, there is no better time to so. Read the full article here in Hindu.

Indicative Prices (I am yet to confirm this)- Thanks Ramesh- One of our readers
Rate(per sq. ft.) Type Super Area (sq.ft.) Basic Sale Price(Rs.)
2800 2BR-2T 1280 33,60,000
2800 3BR-2T 1480 41,44,000
2800 3BR-3T 1680 47,04,000

DLF Garden City might Look like this

pic_dlf_hamilton_court.jpg

426 Comments

  1. Saran

    Do we wait further to buy DLF Garden City becuase budget has nothing to entice buyers

  2. SRIPRIYA

    I WANT TO KNOW THE STATUS OF DLF PROBLEMS LIKE ROAD, METRO WATER,AND ACQUIRING 5 ACRES.PLEASE LET ME KNOW. WE ARE PLANNING TO BUY A HOUSE.

  3. Raju

    Dear
    Can anyone tell the latest status of DLF garden city prject in chennai.
    Thanks
    Raju

  4. Shankar

    DLF Garden City Story – A buyer’s journey through an year and half

    I have booked DLF during the soft launch in January 2008 and has confirmed my booking after signing application in the month of April,2008. Much has happened since then. I held several discussions with DLF on my own regarding my concerns. I was also invited to join a DLF google group through an e-mail which i joined duly and participated in its proceedings as a passive member. Based in Chennai, i have witnessed all that action that took place in the name of DLF in the past one year and half. Based on my experiences, i am writing this blog summing up my feelings in a nut shell.

    DLF faced much opposition from many quarters in chennai for its first project in south india. Much expected, especially because incumbents will always resist the new comers. With its aggressive pricing and smart soft launch, DLF won the first round hands down causing much heart burn.

    Second round went to DLF opponents with project mired in several controversies. Delayed approvals, approach road or a parcel of land not belonging to DLF to name a few which brought down the reputation of DLF in Chennai. Matters became better (for buyers) or worse (for DLF), with buyers coming together on google group forum to raise their demands when the economy took a nosedive and world was gripped in recession fears. DLF had no answers to all these new issues and stumbled & fumbled along way. It also did not help DLF that google forum was hijacked by few people with vested interests who kept bashing DLF for every little thing. It seemed as though DLF could do nothing right. I came to realize much later that DLF Group never negotiated the genuine concerns of buyers instead focused on irrelevant demands like UDS registration or agreement clauses both of which will never be accepted by DLF. It seemed to me that group management insisted on exit all the way as though on cue from some other quarters. DLF on its part kept buyers frustrated with no communication on what so ever is happening. Bad economy, uncertain cash flows, pink slips, collapse of well-known companies and other such factors heightened the anxiety levels of buyers. Things came to a head-on collision with buyers agitating at DLF’s gates on more than one occasion. It was then DLF finally woke up and subsequently accepted refunds for those who wanted to exit the project. This is the first good step taken by DLF in that it calmed the nerves of agitated buyers. Second, DLF went around slashing prices in order to recreate the value in the project under the new economic conditions. To this effect, DLF should be commended even if it has taken the decision under duress. Also a round of applause to group members who made DLF to sit up and listen. After all, what happened to all those buyers of other projects who booked at exorbitant prices and could never get out nor get any price reduction!

    As time passed, as recession fears eased and economy started improving in general with renewed interest in RE, DLF gained upper hand. Genuine buyers also started seeing through the great game being played out in the google group.As things stand today, most buyers who pressed for refund and whom i talk to are looking to continue at revised prices. Mud-slinging activity in buyers google group seems to have ceased. There is considerable progress at construction site. Few of the issues like approach road seem to be resolved.

    But there is one thing which never improves – it is DLF customer service and communication department. Not sure if its about DLF culture or about people manning those positions, but it is certainly not up to the mark. May be i am judging DLF too harsh given the reputation it has. DLF still needs to get its act together on this front. I find most of the time DLF’s responses are illogical and thus unconvincing. A case in point being ‘Advance Disbursement Facility’ or simply ADF. Under ADF, buyer can pay up upfront all the money and avail a discount of 8.25%. It is applicable to new buyers but not to those who signed-up last year but could not make further payment because DLF did not have approvals! If these old buyers would like to proceed with ADF now, why should they be not allowed? DLF has no logical answer for this. It is all the more irrational because by denying this DLF is closing gates on money collection for itself. No sir, this is just the way it is. Is that an answer? ADF or no ADF is not the point here. It is about how DLF screws up trivial things which can benefit itself as well as the customer directly.

    Nevertheless, to a lot of genuine buyers like me, it is still a good deal. We bank on the fact that DLF needs to do a good job to regain the trust and live up to the reputation of its brand. Home-sweet-home is an emotional product to buy in the market but the decision to buy is very much a rational one. A rational evaluation of project with its merits and demerits for the price it is offered at, it is definitely worth the buy. That’s my personal opinion. People can beg to differ. To each his own.

    Good Luck to all.

  5. Pradip

    Hi, I am prospect buyer of a flat in South chennai. I have been really busy in assessing the many projects that the forum is discussing. In the search i came across with a project which is near to the DLF Garden City called Bollneni Hills Side. If any one has information on this project please share the pros and cons.

  6. Rajan Subramanian

    i HAD MENTIONED ON MORE THAN ONE OCCASSION THAT THE DLF PROJECT IS NOT ATTRACTIVE. WHEN THE COMPANY LAUNCHED THE BOOKING MORE THAN 18 MONTSH AGO, IT SAID BOOKINGS WILL CLOSE IN 2 DAYS. THE FACT TODAY IS EVEN AFTER 18 MONTHS BOOKINGS IS LESS THAN 50 % AND MOST OF THE BOOKINGS WANT TO GET OUT, EVEN AFTER THE PRICE IS REDUCED FROM 3400 PER SQ FT TO 2600 PER SQ FT.NORMALLY ANY INVESTOR, WOULD HAVE BEEN EXPECTING AN APPREVIATION OF ATLEAST 10 – 15 % ON THEIR INVESTMENT, BUT HERE THERE IS DEPRECIATION OF MORE THAN 25 % OF THEIR INVESTMENT. ASC SATED EARLIER, AVOID ANY BOOKINGS IN dlf NOW. iT IS BETTER TO PAY RS 2800 OR 3000 OR EVEN 3200 AFTER THE PROJECT IS COMPLETED , SOI THAT YOU CAN BUY AN APARTMENT , FLOOR OF YOUR CHOICE IN READY TO MOVE CONDITION. TILL THEN INVEST THE MONEY IN BANK AT SAY 9 %. THIS RETURN WILL BE BETTER TAHN INVESTMENT IN DLF pROPERTY .MORE THAN 40000 APARTMENTS ARE CURRENTLY AVAILABLE ON OMR/ GST ROAD, BUT THE DEMAND IS VERY VERY POOR.I PITY DLF FOR THEIR WRONG SELECTION OF THE SITE . LOOK AT HIRANANDANI, THEY STILL MAINTAIN THE BASIC PRICE OF 4100 PER SQ FT AND HAVE DONE 90 % BOOKING. BUT FOR DLF , AN EBTRANCE THROUGH THE TSUNAMI RESETTKLEMENT COLONY, I DO NOY CONSIDER A RATE MORE THAN rS 2000 PER SQ FOOT IS GOOD. INVESTORS PLEASE STAY AWAY

  7. THYAGARAJAN

    the real estate market has still not bottomed out. I feel there is a fair chance of the real Estate Prices correcting 10 – 15 % from the current levels.I agree with Rajan Subramanian vies that one should invest the money in bank, earn interest and invest in the ready to move in Property .I however do not agree with Rajan subramaniam that we may have to pay more for the property in Ready to occupy property. Loking to the current scenarios DLF apartment will be available around 2200 – 2400 upon completion becos the Fact is that there is no demand at all where as the availability is in Plenty more than 35000 apartments in OMR/GST presently and more huge projects are coming up in more vantage location on the main OMR road as compared to the water logged surroundings of DLF Project. Further Tn govt is planning to construct affordable houses in the price range of Rs 15 – 30 lakhs in public-pvt partnership basis. This will bring down prices of existing apartments drastically.May be then the owners of these apartments have to request the Govt For Stimulus package !!!!

  8. mohan

    Hello,
    I booked an apartment in DLF garden city. Of all the ongoing projects , this is the most reasonably priced at 2750/sq ft and with a solid infrastructure.Others are quoting 3000+.
    DLF has a reputation and Iam sure they will keep it up.

  9. N.Thiruvengadam

    I WANT TO KNOW THE STATUS OF DLF PROBLEMS LIKE ROAD, METRO WATER,AND ACQUIRING 5 ACRES.PLEASE LET ME KNOW. WE ARE PLANNING TO BUY A HOUSE.AND HOW MANY PROJECTS
    GOING IN CHENNAI?

  10. GK

    Hi

    I am keen to look at DLF on the following basis to book a flat:

    (i)The base cost of a flat in DLF Garden City appears to be very attractive (Rs. 2,750/- sq.ft). Besides there could be Rs. 200/- Sq. ft rebate for timely payment and 5.5% on Advance Disbursement Facility (ADF) which works out to Rs. 150/- Sq.ft and referral of Rs. 50/- Sq.ft (max of Rs. 100/- Sq. ft, if you introduce 2 ) effectively amounting to Rs.2,350/- per sq.ft.

    (ii)However, the ADF has certain interesting factors which I would like to discuss here:

    a. To my knowledge, there shall not be any income tax deduction for the interest which is being paid on the housing property during construction. However, such interest shall be claimed subsequent to the date of taking over of such flat to the possession over a period of 5 years (@ 20%). The interest paid during construction and the interest paid subsequent to the possession of the flat together shall be restricted to Rs. 150,000/- under the income tax.

    b. In this ADF, we have been asked to pay the entire loan (along with our equity) to make it 95% to DLF within 30 days from the date of booking to claim 5.5% discount considering the reputation of DLF.

    c. Assuming if I take loan of Rs. 26 lacs for 20 years @ 8.25%, my interest component during construction works out to Rs. 220,000/- (approx) and subsequent 5 years amounting to Rs. 215,000/- (avg.). In this case, I neither can claim interest of Rs. 220, 000/- during construction nor it can be appropriated @ 20% to next 5 years, as the deduction of interest has been limited to Rs. 150,000/- only (as to date by the Income Tax Act) where as I am paying Rs. 215,000/-.

    d. If I look ADF differently, I will end up paying my interest to the tune of Rs. 140,000/- during construction based on the draw down which again cannot be claimed. However the interest burden to the Bank has been reduced by Rs. 80,000/- (Rs. 220,000 – 140,000) if I don’t exercise ADF.

    e. The net saving, if I exercise ADF, would be Rs. 95,500/- ie. (Rs. 175,500 (Rs. 150 (ADF) x 1170 Sq.ft) – 80,000) which according to me is a prudent risk one can take considering DLF credibility in the RE sector.

    f. Please have your views along with a query that any non insurance scheme available to minimise the risk for any default (not delay) on the part of DLF?

    (iii) I have seen some interesting facts in the blogs, which according to me, is consumable though it appears few foreign returns have expressed their desire.

    a. 3 Kms off from OMR main road – It is OK when you are on the main road or inside, so long as the places where you live – do have good community and life.

    b. Don’t’ mind shelling few more hundreds to buy a flat on the OMR instead of DLF: In this case I had to shell out another Rs. 1,200/- sq.ft if I have to buy similar flat down the road. In other words I need to shell out 14, 00,000/- which I can buy a Honda Civic and drive the 3 Kms. inside every time (Alternatively a Ford Fiesta with petrol free of cost on its life term with the interest on the balance amount).

    c. Passing through TRC – I look at Tsunami Rehabilitation Centre (TRS) is a factor but that cannot be taken as the sole key factor for decision making, as you all aware the city of Chennai has lots of such people living around in very prominent place. You name the place, there you can see – it could be it Besant Nagar, Adyar, Gopalapuram, T. Nagar or RA Puram.

    d. Incidentally Chennai has been surrounded by “Koovam” which becomes part and parcel of Chennai. Even Taj Connemara is just bang on the Koovam and hence, to my knowledge, no point in pressing the wrong button.

    e. Please also note the fact that had there been any builder not repute to the level of DLF I would not have consumed the above mentioned limiting factor. Since I hope and wish DLF will certainly deliver his good without compromising quality.

    (iv) However, the grey area remains:

    a. How he is going to hand over the Association, which is very critical – as more than 6 million Sq.ft with maint. cost of Re.1/- sq.ft on a monthly turnover is a great challenging for the service provider. A road map with details of designs and drawings to be made available to the association.

    b. The unsold land at the centre shall not be used by DLF at the later stages to construct another tower which the owners don’t possess any land document.

    c. The mother documents, irrespective of volume, should be made available either in CD or in hard copy along with the legal opinion narrating the pluses and minuses.

    Considering the above, I feel its time to lock in.

  11. GK

    Hi

    Please read Non Insurance Policy as NON LIFE INSURANCE POLICY to protect the sum paid in advance to the Builder even before we get registered in our favour.

  12. Latha

    Hello,

    I have booked an apartment in DLf along with my sister and brother. Between the 3 of us we have booked 3 apartments. We live in the US. We would like to cancel our bookings but DLF is not accepting saying that the deadline is over. Since we have been in the US we dont know the real estate market here. I am apprehensive about investing in real estate if the market is anything like that in the US. I would appreciate it if someone could email me at collectore@yahoo.com to discuss what the options are – not paying the installments until the construction is complete, insist on cancelling, what the DLF financial situation is, will they be able to complete the project etc etc.

    Thanks

  13. GK

    Hellow,

    Pursuant to my earlier one, I just need following information to pay advance. Could any one suggest:

    (i) Is there any Govt. land (Porrambokku land) inside the Garden City? In other words, DLF has secured its approval from MMDA for high stories building inside the Garden City?

    (ii) Whether the club houses and common areas of the common facilities are forming part of the Garden City and be distributed as UDS or not?

    (iii)Ground Water treatment plant?

    (iv) Formation of Association and its modalities?

    Regards

  14. James

    Can anyone share their views on Bollineni hillside project please. Is it worth shifting from DLF to bollineni (coz its 4 story gated community?. Please update as i am away from the country & desperately looking for info. many tks.

  15. THYAGARAJAN

    I understand that most of the DLF Garden City investors are not happy with the way the Projecct is progressing. As mentioned by me earlier, the location of the site is very bad 3 Kms inside thrugh the Tsunami Resettlement clony. I fail to understand why DLf which is among the TOP brand apartment builder has chosen such a bad location. IF DLF had a location similar to Hiranandani UPscale/ TVH OURANYABAY or Olympia OPALINE, people would have nvested on DLF Projects even @ 4000 per sq foot. Another breaking news is that DLf is coming out with another Project BEhind SIRUSERI for completion in 31 months. again the Location is OFF OMR Road.Even The garden City project which is 3 kms inside the main road, DLF advertisemnet claims it is DLF OMR . It is a wrong CLaim BY the Company.I would suggest investors looking at DLF to pay Rs 1000 per sq ft more and go to any Project on the main OMR road instaed of going through narrow by lanes and potentially wasting time travelling 3 kms morning and evening and also the cost of petrol on a recurring basis by the Couple who are working and also by the children going to School.After the rainy season, you can see the DLF Garden City ISLAND surrounded by water on all sides and before the water dries up,the next rainy season will come. DLF INVESTORS think TWICE BEFORE INVESTING. it MAY BE cHEAP BUT NOT WORTH PARTICULARLY IF YOU CAN INVEST RS 1000 PER SQ FT MORE . uNFORTUNATELY DLF GARDEN CITY IS NOT COMPARABLE TO DLF GURGAON WHICH PLEASE NOTE

  16. ramgurgaon

    Mr.Thyagarajan – I beg to differ with you on the location. DLF is providing shopping complex, club, mini hospital, etc. etc to make Garden city self-sufficient. By and large all the daily requiements will be met and no need to go outside. Away from the main road has several advantages – less traffic, dust and noice, etc to name a few – all these will be felt more after some years. 3 KM is no big deal and I am sure there will be transport facilities for those who don’t own their own vehicle. I am in Gurgaon and 15 Km is a very normal distance by Delhi standards & it is going to happen in Chennai as well. Therefore, those who have purchased an apartment in DLF need not regret about the location. It will be to your advantage & you will realize after some years. The locality will certainly come up

  17. Sivakumar

    I am intrested to book a 2Bed room apartment in DLF Green city. Is it worth buy?

  18. Raj

    Hi,

    has anyone booked an apartment recently in DLF garden city chennai. I would like to know the final price per square feet.

    Pls let me know. Thanks

  19. Sonam

    Very conflicting views… and no updates since Aug 2010. I am thinking of booking an apartment in DLF, visited the site last week

    However I have a few concerns after seeing this site..

    1. I am not sure what would be the rental potential as there are tooo many flats that might push down the price and the location, 2-3 km away from OMR.

    2. Also, I had to pass through a slum to get to this area, not sure if I would like to do that for rest of my life!

    3. Whats this about Tsunami etc, is there a risk of flooding? I saw a big puddle of water/ lake as I approached this place, will this be sorted or will this become a breeding place for mosquitos?

    Somehow I feel the price etc, seems too good to be true. I hope thats not the case as I am being pressurized by my other half to book an apt.

    I would appreciate any honest feedback from prospective buyers and owners please. Lastly what about DLF at commander-in-chief road?

    Please mail me at aunt.minny@gmail.com

    Thank you

  20. indhu ravi

    hai i’m looking for 2bhk in DLF for rent pls let me know abt the rent and advance

  21. Manohar

    Looking for 2 BHK or 3 BHK. Please contact my email. I am in U.S

  22. Divya

    Mr Manohar , How can I reach you? I am interested in 2 bhk in DLF. my email id is divyagrandhi@yahoo.co.in

  23. Jay

    Please don’t buy any flat with DLF Southern homes. I have lost my money by investing in Garden City OMR Phase-I and am deeply regretting my decision. Now DLF has launched phase -2 and recently I have seen an advertisement mentioning about price hike. Please don’t waste your money with DLF as they are incapable of completing the project on time. WHile selling they say so many things but the ground realities are very very harsh. I don’t have any thing against the company, but I don’t wan’t others to go through the trauma of making bad investment and loosing money. DLF is cheating people, please stay away….

  24. If you need to book an apartment in DLF Garden City and live outisde India , contact vmanageproperty. VManageProperty can work with you to inspect the location, report on the progress of construction, woodwork for kitchen and regular maintenance. VManageProperty can also find a good tenant for your property, collect rent and deposit into your bank account. Visit http://www.vmanageproperty.com for more details.

  25. Sri

    I am planning to visit the DLF site. Is it Worth booking it for 3750 rate. Please advice

  26. Thyagrajan

    3750 per sq ft i sstill a high price. YEs if you are going to stay yourself and if your office is around say 6-7 kms from here then it may be worth. iF you are an investor, DONT BUY.

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