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
(4 votes, average: 4.25 out of 5)
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I gathered some more information regarding the lands at Thalambur, being promoted as Garden City – Chennai by DLF. All the lands in the Village once belonged to Thalambur Zamin and later acquired by the Government of Tamilnadu under Estate Abolition Act during 1964. Subsequently the Owner Sathyanarayana Reddy appealed against that order and got it revoked by the Government during the year 1996. Meanwhile, the Government of Tamilnadu had assigned most of the lands to freedom fighters and some members of the original owners family. Some of the freedom fighters whose assignments were cancelled during 1978 went on appeal and have got their pattas restored by the District Revenue Officer. In this context there are so many appeals and writ petitions pending before the Commissioner of Land Administration, The High Court and also with the District Administration. It is better to get clarification from the District Revenue Authorities regarding the present status of each and every survey number. Probably D.L.F.Management are not aware of all these facts.
Guna,
By the way what is your interest in it. Have you purchased it?
Mr. RAJ
I do not understand why you are agitated at what GUNA has mentioned. He has only tried to give whatever information he has collected and placed on the BLOG SITE for the information of those who want . Please note that the readers should take their own decision and have no right to get agitated with any one trying to get the TRUTH which may be bitter.Please keep your cool and not write such encrypted words which certainly is unprintable.The fact of the matter is that DLF is a VERY BIG giant in real estate Business . their Project in GURGAON is excellent and have fetched good returns for the investors. BUT DLF is a DELHI based company though now trying to become a PAN INDIA in developing Residential Projects.THe TRUE fact is that DLF has chosen a wrong place for its maiden residential Project in CHennai. Compare DLF project with OLYMPIA, TRUE VALUE HOMES, i would give 3/ 10 for DLF Project while 7/10 for OLYMPIA and 8/10 for TRUE VALUE HOME OURANYA BAY . TO sum up it is better to invest in any Project on the main OMR Road than 3 kms inside the main road and surrounded by Tsunami resettlement colonnies and also the proposed Resttlement colonies in CHEMMENJERY for the SLUM RESTTLEMENT colony evictees fron Chennai CITY.
I would like to know the source from which Mr.Guna got the information about the land,
Recent times, i have being noticing that certain readers play a dual role of writing comments under diff email ids.
The basic intention might be promote their own ideas. Please note that while promoting your own ideas is good, but being forced upon is bad.
Guys, lets play fair. I would request you not to use this forum for your own personal agenda but rather use it for your benefit and benefit for others. I am sure every one would appreciate it.
Mr.Rajan, You have re-iterated the same comments about DLF location in diff words. I think readers by now would have being enlightened by the facts about DLF. Please let them decide what is good for them.
I am sure if a buyer is going to invest 50 lakhs, he would have the patience to go thro the entire set of comments and come to a logical conclusion.
Mr Guna,
Can you verify the facts what you have said in your comments. How did you know about this. please verify.
I appreciate people giving information. But they have to support the facts. Like what guna said, there are so many cases pending, he needs to give at least couple of pending cases(we can look online about the details). But, without giving details, we cant difference between bluff and fact.
We have booked a flat and my cousins have too. I feel it is a very good investment and price is correct. I have seen so many remote areas in the past and this place will develop and watchout in the next 2 years.
I understand that Olympia is soon going to launch another Project adjacent to their current Project on OMR Road.
Hi,
I am interested in buying a 2/3 bhk house in dlf HOUSING PROJECT in Chennai.
Please let me know if anything is still left? and if left whom do i call and what price is it selling for now..thanks for your help.
Hi Adarsh,
Are you looking an apartment in heart of the city then call this number 9789851111
adarsh anand
DLF booking is still open . the current rate is 3200per sq ft basi cost plus floor charges. plenty of flats available as it is a project of more than 3500 flats . The fact is that more than 50 % of the people who had booked the flat at 2800 /sft and 3000/sqft have not accepted the offer.Although the soft lauch as DLF calls it launched in January 2008 is still only booked partially about 50 %.The response seems to be lukewarm becos of location and also becos of more than 3500 flats being offered. Please Contact DLF office in Radha krishna salai
mylapore.
I have booked/paid 4lacs for3BHK flat.After seeing the comments iam worried.I have not seen the site yet,got mail for second payment.Can anyone tell me what to do.
DLF Garden City Chennai | Next Payment Due Inbox
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“Rohit Goyal (Allcheckdeals)” to Prashan
show details 4:16 pm (2 hours ago)
Dear Valued Customer
As per our communication from DLF, DLF has started sending the receipts of the first payments made by all the customers. Some of you might have received it also. The allotment letter will be sent once 15% is made to the DLF. 15% payment – What you have already paid (4 lacs or 5 lacs) is due after 30 days from the day you have got mail from DLF regarding the application forms. You can submit the next payment by May 20, 2008. Please refer to the cost sheets sent to you by DLF for the exact amount due.
Cheque or DD should be in favor of “DLF Southern Homes Pvt Ltd”
You can send the cheque at the following address directly to DLF addressing – Ms Shanmuga Priya
DLF Home Developers Ltd,
Old No : 62, New No:113,
3rd floor, Chalam Towers,
Dr Radhakrishna Salai,
Mylapore, Chennai – 600 004
Mobile : +91 99620 60609
Tel : +91 044 4399 8888
Fax :+91 044 4399 8889
Please mention your Name, Apartment No. and “Info Edge” at the back of the cheque.
If you have already made the next payment, please ignore this mail.
For NRI Customers, if you want to wire transfer the money, the following is the details of Wire Transfer.
DLF Southern Homes Pvt. Ltd
ICICI Bank, Nungambakkam
Collection Account No: 000905020450
Swift code: ICICINBBCTS
RTGS ICIC0000009
For any further query, please let me know.
Thanks & Regards
Rohit Goyal
allcheckdeals.com (A naukri.com Group Company)
1005 A, DLF Galleria, DLF Phase – IV
Gurgaon – 122001
“Rohit Goyal (Allcheckdeals)” to Prashan
show details 4:16 pm (2 hours ago)
Dear Valued Customer
As per our communication from DLF, DLF has started sending the receipts of the first payments made by all the customers. Some of you might have received it also. The allotment letter will be sent once 15% is made to the DLF. 15% payment – What you have already paid (4 lacs or 5 lacs) is due after 30 days from the day you have got mail from DLF regarding the application forms. You can submit the next payment by May 20, 2008. Please refer to the cost sheets sent to you by DLF for the exact amount due.
Cheque or DD should be in favor of “DLF Southern Homes Pvt Ltd”
You can send the cheque at the following address directly to DLF addressing – Ms Shanmuga Priya
DLF Home Developers Ltd,
Old No : 62, New No:113,
3rd floor, Chalam Towers,
Dr Radhakrishna Salai,
Mylapore, Chennai – 600 004
Mobile : +91 99620 60609
Tel : +91 044 4399 8888
Fax :+91 044 4399 8889
Please mention your Name, Apartment No. and “Info Edge” at the back of the cheque.
If you have already made the next payment, please ignore this mail.
For NRI Customers, if you want to wire transfer the money, the following is the details of Wire Transfer.
DLF Southern Homes Pvt. Ltd
ICICI Bank, Nungambakkam
Collection Account No: 000905020450
Swift code: ICICINBBCTS
RTGS ICIC0000009
For any further query, please let me know.
Thanks & Regards
Rohit Goyal
allcheckdeals.com (A naukri.com Group Company)
1005 A, DLF Galleria, DLF Phase – IV
Gurgaon – 122001
M: +91 99101 69431
T: +124 4210626
F: +124 4227871
rohit.goyal@allcheckdeals.com
Disclaimer: – Any content mentioned in the mail is for information purpose only and does not constitute any offer or guarantee whatsoever on the content mentioned above. Prices are subject to change without notice. It is solely your responsibility to evaluate the accuracy, completeness and usefulness of all opinions, advice, services, merchandise and other information provided and you are strongly advised to check these independently. Info Edge India Limited shall not be liable for any deficiency in service by the builders/developers/sellers/property agents.
Hi ,
can anyone tell me abt Olympia,,bcz iam planning to book a flat,,how is it,,is it worth for investment,,,
Real Estate sector is cyclical. Boom followed by stagnating prices followed by Correction and then a new cycle starts. Right now, we are in the stagnant phase. However, Real Estate continues to be the best long term investment option. So, those who dont have a 6-8 year holding capacity should not think of investing now. With liquidity drying up, the prices are bound to come down. OMR has over appreciated. Dont expect any significant upside (especially for flats) in OMR from now on. Simple reason – there is no shortage of land there. Builders would be constructing apartments and offering them for sale.
If you analyse the Real Estate market of Chennai from 1991 to 2003 – You can spot the Boom-Stagnant-Correction phase that I mentioned.
2003 to 2007 – Boom phase;
2008 – Stagnant phase;
Do any one got the floor plan of dlf gardencity?
Now thet are asking for second payment.
If i cancel the deal will there be any problem in getting the money back?
ravi,
pl post your DLF questions in DLF forum. I moved this here for you
Mr Ravi,
Why don’t you write to DLF and ask for a soft copy which they are obliged to send you. There are many layouts and hence the brochure is biog
Regards
DLF has hosted the garden city details in their website.
http://www.dlf.in/wps/portal
Hi
Any one can tell me about the Lancor property in Potheri ? Is the area ok ? any good schools near by ?
regards
Pl let us know opinions on Land Marvel, Perungudi, L&T, Siruseri and TVH Ouranya Bay–Are they correctly priced and offer value for money?
Mr raghuraman
of the Projects mentioned by you, Land marvel Project in Perungudi, location is good, but remember there is a huge Pond less than 100 meters . also you will find hundreds of vacant plots in velachery filled with water of previous years rains. Velachery is full of mosquitos. l&T project is good , but it is inside the main omr road about 3 kms.TVH ouranya bay location is the best for the price offered by them ,equally good is Olympia which is 3 to 4 kms nearer from madhya kailash compared to TVH.
hi I am in gulf. can yousuggest me where i should invest in flats.
Paddy,
I would suggest TVH or Purva in meddavakam or palikarnai once approval is got. Also think about good second hand flats in velachery.
Doshi in perungudi is good. there are few projects in porur near DLF IT park, ETA jasmine court or la celeste by XS Real.
South chennai has good rental potential.
hai
i am in south africa now. i want to buy a flat in chennai. can you suggest the best promoters in chennai?
Mid-market residential segment in South to see correction soon
http://www.thehindubusinessline.com/2008/06/08/stories/2008060850970300.htm
With growing inflation and spiralling oil price, looks like tough days are ahead for India. Economists now predict inflation to touch 10%. This will surely reduce the disposable income of people. I too feel that Real Estate prices in Chennai are due for a correction. Rs 2600-2750 should be the right price for OMR area. Any inside info on whats happening with DLF. Have they managed to sell all the apartments. Is DLF willing to negotiate price ? It will be prudent to wait and watch. By next year BJP could capture power and we are not sure how things will look thereafter.
Latest Report on Economic Times – 12th June 2008
MUMBAI: Things are becoming difficult for realty stocks. If being under pressure during the on-going market meltdown was not enough, the repo rate hike by the Reserve Bank of India bogged down the sector further on Thursday.
RBI late on Wednesday hiked the repo rate — at which banks borrow from the central bank — by a quarter point to 8 per cent in its fight against inflation. This is a direct hint to banks to raise lending rates, including home loan rates.
This will have a big impact on the housing market, which is already under pressure due to tight liquidity conditions. Home loan major HDFC fell 4.65 per cent.
The BSE Realty Index plunged over 4 per cent as against a 1.63 per cent decline in the benchmark Sensex.
The major loser was Indiabulls Real Estate, which fell 6.33 per cent to Rs 356.80. The scrip also corrected after its REIT Indiabulls Properties Investment Trust fared badly on the Singapore Stock Exchange.
Property developer DLF was languishing 5.7 per cent at Rs 481.95–below its issue price of Rs 525. Parsvnath Developers at Rs 160.05, Sobha Developers at Rs 387.35 and Unitech at Rs 172.30 hit new all-time lows.
Consolidated Construction, Maytas Infrastructure and Gammon Infrastructure were amongst the infrastructure stocks to hit new all-time lows.
suresh i,rajesh, suresh j, subbu,subba,
Request you not to spam under different names. What is the point you have to prove here. All your messages are orginating from the same IP.
There was one prominent person who is posting under disguise. I found he is a senior person and was commenting again DLF, LM repeatedly.
Please show some respect for others and stop spaming with artificial messages.
Readers here above, Subbu and rajesh is the same person. one asking the question and another answering it.
Mr.UDAY
I note that you have found Suresh i,suresh j, rajesh,subbu,subba to be the sameperson writing under different names.YOu understand that this is only a bllog site and nothing official .Perhaps he wants to see more of his names in this website.That is giving him pleasure.Let him enjoy.I am sure all the readers understand wht the Blog Site is about . IT is for the readers to take their own decision on any matter despite divergent comments .
I observe that the interest of the Investors on the Projects on OMr is much reduced as the rates have peaked. It is also my observation that there is good interest on the Projects on GST Road Marimalai nagar and beyond.Investment on the Projects on this side may have appreciation rates much better than OMR Projects.I understand that much hyped DLF Project is still not closed after the so called SOFt launch by the company in January 2008. also there are very few select flats still availble in OLYMPIA and TVH Ouranyabay.With the interest rates going up and not likely to come down in the near future, investment in real estate should wait unless the purchase is for self use
Hi-
I understand that it’s just blog site not an official one. But we also need to think the amount of time for Uday & other posters spend to post reliable information about Chennai Real estate.
As a moderator if Uday allows posts with not-so-honest opinions under different names, the reliability will be liquidated over a period of time. Though as readers we should decide based on what we think is correct, honest opinions/posts will help us to make better decisions.
Uday, Thanks for your informative posts. Keep doing good job.
Keeping in mind the inflation and raising interest rates is it good to wait and watch before taking a housing loan.
According to a report published by the latest issue of “Naanayam Vikatan”, a publication from Aananda Vikatan Group, real estate prices on the OMR area has already dropped by 15-20% compared with last year. Some leading promoters have confessed that not many bookings being confirmed. Vikatan being a reputed and responsible publication, we can reasonably believe what is written is true. ETA Group, a well known Dubai promoter is also launching a major project in OMR area. The report says that promoters are willing to negotiate. So it could be true that DLF too may be willing to negotiate with buyers.
guys,
During the Property Show in NJ on last Sunday (June 15 2008), my friend -a genuine buyer enquired about DLF with Axiom Estates. The base price he was quoted was Rs.3290.
Hi Everyone,
I am planning to buy an apartment and called on the following builders for a price.
1. Hiranandani Upscale – Rs.4200/sqft
2. Mantri – Rs.3880/sqft
3. Olympia Opaline – Rs.3441/sqft
4. DLF Garden City – Rs.3200/sqft
5. TVH Ouraniabay – Rs.3132/sqft
When compared I feel Opaline, Mantri and TVH to be more value for money than Hiranandani which is high priced and DLF which is not in such good locality. Please advice which one should I choose? Thank you and have a great day.
RBI likely to increase interest rates again. Fund crunch experienced by many developers. Some of the developers have approached mutual funds. With inflation touching 11.5%, it appears that the real estate market is due for a shake up. Obviously big builders will not admit they are in trouble and may maintain their prices. But small time promoters are definitely in trouble.
Can anyone guide me on the Akshaya project in maraimalai nagar (METROPOLIS). I had a look at the model apartment and it looks really impressive; but it very far from chennai (say 40 kms) close to Ford. The price they are quoting is 2950. Is it a worth buy?
Mr kumar
go for TVH OURANYA BAY . but find ot if ECR facing apartment is available. according to my info only 1800+ sq ft were available .necxt option is OPALINE. DLF DONT GO .
while dlf started so called soft launch in Jan 2008, they have not closed the booking even after 5 months, poor rsponse becos of location. Also Chennaite will see daily half page very colorful advertisement in Leading News papers of DLF OFFER. I am shocked to see that the avertisement calls DLF GARDEN CITY OMR . It is a wrong Claim by DLF while the PRoject site is 3 kms inside the main road, i am surprised HOW a a reputed Company like DLF calls in Garden city OMR . The advertisement is misleading. Shocked to see such a misleading ad from the India’s so called largest Real Estate Company. Further for any bodyy investing in any OMR Projrects of Fancy Apartments, if you are a end user go ahead. If you are an investor expecting to make a fast Buck, do not invest now. The Real Estate Scenario is fast changing
Dear All,
I am hunting to buy a flat for investment.
I saw the second hand flat within city but still I prefer OMR, ECR & GST
In north chennai, I saw one flat built by southern shelters where there is no compound wall on the backside of the apartment. and the maintainance is worst.
In Urappakam, I saw a flat built by Shelters which is useless. after handovering the flat ( 2 years now) still the lift is not working. Paint work and some pasturing work is pending. Now this company is contructing the 5th block priced around Rs. 2000 per sqft. but the 1st and 2nd block flats are available for Rs. 1500 – Rs. 1600/- from the first owner
I have seen MARG near kalpakkam, 1 km from ECR seems to be the dream city for me but how far for reality.
I planned to visit chennai pattanam by this weekend to compare.
Please guide me with your own experience. since the big companys are not finishing the work properly and I don’t know how they escape from their commitments.
Is there any rules / laws in our side to fight for that?
Thanks & Regards,
Sundar
chennai
Recent hike of CRR/repo rates by RBI may up housing EMI by seven percent which will have deep impact to real estate market. I guess this is not the right time to buy any flat….better wait and watch….
Some of the major real estate companies which collected huge amount through public issue may not be under pressure even if the interest rate goes up. It is the poor investers who will suffer. Most of the real estate scrips are quoting below issue price. On the other hand small and medium real estate companies which depend on bank borrowings will be in deep trouble and can even vanish. We have seen some of the reputed real easte companies like Alacrity and Alsa closing shop in the past though they had promoted many projects and appeared to be doing well at that time. Companies like DLF are holding huge amount of public money and are not answerable to the investor even if they make loss.
I checked and the DLF site is only 2.5 kms from OMR, and there are a couple of approach roads to the site with one 80 ft road constructed and maintained by DLF. Also, this site is 100 mtrs from the proposed Airport Link Road from Siruseri. Price is reasonable for the facilities offered. In my personal opinion, only Hiranandani is close to the facilities offered at this project but is more than 1000 rs /sqft than what DLF is offering.
Rajan, I was always wondering what TNHB is doing now a days when the real estate market is hot and private players are making money. There must be plenty of government land available which can be promoted by TNHB and flats sold at much reasonable price with normal profit for the government. I feel there is a cartel of private builders who do not want TNHB to promote affordable apartments and probably the reason for TNHB not coming up with any projects. It is a good news that TNHB will be launching some projects in the near future. I also heard that TNHB will demolish old flats in Foreshore Estate and build ultra modern apartments. There was also a news that TNHB will launch a project in K K Nagar. I hope the government does not behave like the private builders who are out to make big bucks. When the government land is available at reasonable cost, TNHB should be able to offer much lower price. Some people may not trust the quality of Housing Board construction, but even if you spend some money to do up the flat after buying, it is worth. Let us await for the official announcement from the TNHB.
Rajan, Advertising Society of India can intervene if any advt containing false details are brought to their notice. Complaints can be registered by email. Details available in the website.
Rajan,
Your comments regarding bookings open for DLF still is just a joke on your part. Selling 3500 apartments by any builder is a huge thing. None of the other builders in that area have 3500 apartments coming in one single phase. According to DLF, around 2400 apartments are already sold, which is more than what hiranandani or any other builder in that area were able to since their launches. This number is true since I went through the booking process with DLF and the choices were limited due to limited availability. I had a house on Mount Road which I had sold a few years back due to the amount of pollution and noise of the vehicles on that road. OMR is becoming another Mount Road soon, and living right on OMR is by experience has its downside as well. The point is accessibility to work locations and other utilities which is within drivable distance from DLF and so is for other projects. If you want to walk to all the places then probably you should be living in the city and not in the suburbs. Your point about DLF ad is well taken, probably they should call it DLF Garden City near OMR.
I will let the facts speak for themselves.
The following projects were launched prior to DLF and are still not sold out.
1) Hiranandani Upscale = 2000 apartments
2) L&T Eden Park = 656 apartments (phase 1)
3) Olympia Opaline = 817 apartments
4) Purva Swanlake = 800 apartments
5) Akshaya Adora = 194 apartments
6) Mantri Synergy = 640 apartments
Whereas, DLF Garden City has 3500 apartments being built in one single phase and 2400 are already sold.
Rajan,
You are just anti-DLF. You dont have the right facts and spread rumours on this forum. You havent booked on DLF, but you are the leading contributor on this DLF forum. I am not sure what is your ulterior motive in doing this. I wasnt active on this forum until I saw the misrepresentations in your posts. You also said that the DLF is on a low ground and other apartments on OMR are on a high ground. This is a misrepresentation. Most of the other OMR projects have the Buckingham Canal (popularly known as Cooum) at the back side which is far worse than a tsunami resettlement colony. Please look at wikimapia and you will see it for yourself. Another misrepresentation from you that I want to correct is that the location for DLF is bad. As a buyer who had done extensive research, I feel that the location is better than most other projects in OMR. It has the advantage of being close to OMR and also the Siruseri Airport Expressway. When the market goes down in OMR, only DLF and TVH are priced reasonably to withstand the slump. All other projects are ridiculously priced higher. Also, what effect does DLF constructing a mall in chennai has on DLF constructing apartments ? Why are you relating these two projects, and drawing conclusions ?
Hi
I am interested in buying DLF property if anyone is interested in selling at good price then please contact 9884069339. Also how is it possible to transfer the title. Contact asap as I am looking for booking this week.
Thanks
Amar
I think the comments from Guna are correct, check the parent documents and title before you purchanse any plot/flat in and around talambur.