Hi Srinivas, I feel it is better than OMR road as OMR is very close to sea..
Even I am feeling the same, as the rates in OMR is already inflated and there are many projects which will complete within couple of years then we will have lot of empty apartments as it will not be easy to find tenants.
27th September 2012
Hi guys, when observed on a long term investment basis, investing in Marimalai Nagar is better than in OMR..
Thanks Shankar, but Maraimalar Nagar is Kanchipuram district and 5 kms away from Chengulpet, isn't it little far?
27th September 2012
This is popularly called as the 'IT Corridor' because this stretch has become home to many IT/ITES companies. The area is well developed and it is easily assessible from the major parts of the city.
Did you mean OMR?
27th September 2012
Yes I know.. then why don't you try investing in some other fast developing areas... And not only this, you will have to consider other factors, depending on your requirement, while choosing location.
Which area is good for investment currently in your opinion?
27th September 2012
You are right.. And if you find a tenant also, the rentals would be very low.. And unfortunately if there's any natural calamities, then there will be no point of looking for tenants..
I am searching here for someone who purchased the property.I am searching here for someone who purchased the property.
My comments to replies
Is there any issue with the project?
There is no issues with the project, however there is a train level crossing which is mostly busy as the local n out station trains pass by regularly, and the road is very narrow and currently lot of heavy vehicle traffic is going on as they are loading a mountain ruins.
27th September 2012
You can post your requirement at http://www.commonfloor.com/post-public-property-requirement to get matching properties details on your Email and Mobile.
Thanks I appreciate
27th September 2012
Have you bought a flat there? or are you a resident of that project?
No I haven't signed the docs, i'am at the final stage of finalising.
27th September 2012
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