PSSrijan starts excavation work for velachery flats -Rs 5500 negotiable

I just happened to see that PSSrijan has tied up with Hanureddyrealty for marketing their Velachery apartments. Spoke to HRR guys and it seems they are quoting a rate of Rs 5500 psf negotiable. How far it is negotiable is not known.

Details as below

Location :-
Located in the heart of Velachery, at a two-minute walking distance from Mass Rapid Transport System (MRTS). At the next door is a 2.5 Lakh Sq.ft. mall with high quality shopping, fine dining and a six screen multiplex. The MRTS will connect this Apartment with Chennai Central Station and beyond.

Velachery today is Chennai’s preferred residential zone. With its rare economic, social and lifestyle opportunity, it is rapidly emerging as India’s favourite habitat. Velachery is at the focal point of Chennai’s IT Corridor; globally, the first choice for IT Business. By 2010, Chennai will house two of the world’s largest IT parks, with one very close to Velachery.

The incredible economic boom here means enviable high-speed career and business opportunities along with a rapidly evolving all-round infrastructure of schools, colleges, hospitals, parks, malls, multiplexes and more. A cosmopolitan, yet comforting ambience along with some of the best career opportunities, makes Velachery one of the most buzzing residential choices in the country!

MRTS – 2 minutes walking distance
Airport – 20 minutes drive
Vijay Nagar Bus Stand – 5 minutes walking distance
OMR – IT Corridor – 5 minutes drive
Kamakshi Hospital – 5 minutes drive
DAV School – 2 minutes walking distance

Facilities :-
47 state-of-the-Art aparment across 13 levels.
4 Duplexes on levels 12 and 13.

Swimming Pool
Health Club
Indoor Sports
Community Hall
Yoga and Meditation Zone
Exclusive Children’s Park
Landscaped Garden
Servant Quarters
Fire Fighting Equipment
Covered / Open Car Park at extra cost.

Specifications :-

Structure –

RCC Framed Structure

Doors –

Main Door : Teak Wood
Bed Room Doors : Teak Wood frame with Paneled Shutters.
Toilet Doors : Teak Wood frame with flush shutters.

Windows –

Anodized / powder coated Aluminum window with clear glazing. Grill in all windows.

Living / Dining –

Flooring : Vitrified Tiles / Marble
Electrical : Concealed copper

Bedrooms –

Master Bedroom Flooring : Wooden / Vitrified Tiles / Marble
Electrical : Concealed Copper wiring with modular switches of a reputed brand
Provision for Telephone, T.V. and A.C points.

Kitchen –

Flooring : Vitrified Tiles / Marble
Electrical : Concealed copper wiring with modular switches of a reputed brand.
Counter : Granite slab with a stainless stell sink.
Wall tiles upto2 Feet hight over granite counter.

Elevator –

Two automatic high speed lifts of a reputed brand and one service cum stretcher elevator.

Power –

100% back-up for Elevators. Common Areas and apartments (except power points)

Washroom –

Flooring : Ceramic Tiles / Marble Tiles.
Wall : DADO in ceramic tiles upto door heights
Sanitaryware : Quality C.P Fittins from Jaguar or other equivalent brand. Light coloured porcelain ware, single lever fitting and hanging commode.
Electrical : Concealed copper wiring with modular switches of a reputed brand. Provision for light, geyser and exhaust points.

Elevation – Modern Elevation with high quality paint and glazing.


  1. Prasanna

    5500 per sqft in velachery is too high thats my personal opinion

  2. parthasarathy

    What is the difference between ordinary building [ 1.5 time fsi ] and multi storey building [ 2.5 stime ]. Can somebody clarify

  3. Read this article,

    there is some width restrictions in chennai based on which FSI is applied. if you have a land which is in front of a 100+ ft road, FSI is higher. say 2.5. FSI for normal building is 1.5

    FSI of 1.5 means if you have a land of 2400 sq ft, you can build 1.5 times of that ie. upto 3600 sqft of built up area. A builder cannot build more than that.

    2.5 means 2400 * 2.5 which usually results in higher built up area and more FSI.

    most cities in US have a FSI of 10, meaning in 1 sq ft of land they can have 10 sqft of built up area. thats why u see many high rises in NY, chicago,LA etc.

    The same is explained in the above article. One good example of FSI usage is velachery bye pass road. you can see Sai Sarovar, KG towees, SIS meridian, sakthi , KG beliare everything are high rises. this is possible because the road in front of the building are wider roads hence higher FSI is possible there.

  4. ROby

    tooooooooo high sq ft rate

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