A Best Buy for Real Estate Investors at Urapakkam - Mahalakshmi Nagar by Sky Home Enterprises

A Best Buy for Real Estate Investors at Urapakkam - Mahalakshmi Nagar by Sky Home Enterprises

About the Promoter:

Sky Home Enterprises is strong in the selling of plots for more than a decade. They have proved their presence in the south Chennai and created their own specialism in selling. Their projects are available from Pallavaram to Vikkaravandi. They have completed almost 88 projects in the last 10 years. Their rate quote is always lesser than the adjacent competing sellers in the nearby areas. This phenomenal strategy has driven their sales to happen in a short period. The Managing Director of the company is Mr R.Srinivasan.

About the Project:

The purchase option for vacant land is not easy within the city nowadays. The main reason is that most of the places are built. If there are resale cases of independent houses, then the pricing is high for the buyers. They have to buy the old house and demolish it to construct a new one.

Today we will discuss regarding the project “Mahalakshmi Nagar” launched by Sky Home enterprises.

The project is located at 3.5 kilometres from the Urapakkam railway station.

The total land extent of the project is around 3.5 acres.  The site is divided into individual land parcels of varying sizes like 1000 sq.ft, 1025 sq.ft, 1050 sq.ft, 1100 sq.ft, 1237 sq.ft, 1310 sq.ft, ....2850 sq.ft.

The site is provided with local streets within the periphery for access to each and every plot. 

The sale registration process is done by the promoter. The project is approved by many private sector banks like ICICI, DHFL, Axis Bank, SBI, PNB,etc.,

The Promoters are excited about the proposed CMBT bus terminus at Urapakkam. If the Bus terminus project gets completed, then the people who commute from outstation are going to enter and exit at Urapakkam. This shall create a space for them to search residential properties in and around Urapakkam.

As the competing developers in and around Urapakkam have a higher pricing range, this project has a good sales volume. The Project is located in a vital place from where you can get connected to other vital locations like Padappai, Sriperumbudur, Tambaram, Maraimalai Nagar, Singaperumal Kovil, etc.,

The Saleability rate can be perceived as 70% of 3.5 acres sold out within 3 months.

From Perungalathur we have the Chennai Bypass road and the vehicles which still don’t want to use the Chennai bypass can manoeuvre through the Chennai Outer Ring Road. The Outer Ring road’s availability diverts all the truck traffic which is moving from South to North and prevents them from entering the city premises.

Hence, if the proposed CMBT terminus is executed, then the bus traffic shall stop at Urapakkam and return from there itself. Whereas the truck traffic is to take the outer ring road. This shall reduce the inner traffic volume from Vandalur to Tambaram and also from Perungalathur to Koyambedu.

Thus people will make way to find residential properties in and around the circumference of Urapakkam.

So, this project can get considered as a valuable asset to the buyers and resale value in the forthcoming years shall be high with respect to the future developments.

The present market price quoted by the promoter is Rs.1950/- per sq.ft.

Nearby Schools are

1.Sankara Vidyalaya CBSE School

2. Velammal CBSE School

3. Peri International School

4. Holi Sai CBSE School

5. Shree Niketan Padasala CBSE School

6. Alwin International School

And the nearby colleges are

1.      Crescent Engineering College

2.      SRM University

3.      Sri Sairam Engineering College

4.      Valliammmai Engineering College

5.      VIT University

6.      Tagore Engineering College

7.      Dhanalakshmi Engineering College

For Sale Enquiries:

Contact :         7358497109

                        7010277743  

Article dated : 03-08-2018

---An Article by Bharath Dhanasekaran---