Project Overview

Type of HomeSky Villas (All 3 sides open apartments in high rise towers with ocean views)
LocationNear SSN Engineering College, Kalavakkam – OMR, Chennai
Size of Total Project:40 acres
Type of UnitsSky Villas – 2 BHK 1068 to 1215 Sft | 3 BHK 1667 to 1796 Sft
No. of FloorsStilt +18
Total No. of Units144 units in the best tower of the complex.
Expected Commencement & Completion DateCommenced in mid 2014 and completion in 2.5 years.
Sanctions StatusApprovals received.
Budget RangeRs.12 lakhs to 18 lakhs (self funds) for buying Rs.50 to 85 lakhs sky villas.
Expected Returns100% to 150% if funded through home loan and 75% to 100% if self funded.
USPsi) Located on the hottest IT corridor of Tamil Nadu. ii) Only 18% of the 40 acres is built-up space and the rest is landscaped greens.

Make 100-150 % gain  against your capital deployed over 6 months in 2 years

Rare capital multiplication avenue for all professionals and businessmen alike – Pay just  5 % for booking, 5 % for agreement and then 10 % in another 6 months and pay nothing  for 2 years till possession – MAKE 100 % Plus CAPITAL GAINS AGAINST YOUR INVESTMENT (finest detail on this commercials in below offer document)

Those who are looking for a weekend home or a 2nd home befitting their lifestyle / status will not find a better asset than this, especially at the price that is being offered.

This unique and meticulously planned community project is being developed by one of South India’s reputed infrastructure groups which is on an aggressive expansion program across South India. With a focus on providing a resort like experience amidst a pollution free lifestyle unlike any other project ever developed in the city, this project is set to become a benchmark of Chennai.

One of the world’s best consultancy firms – Surbana International Consultants (a Government of Singapore body) – is working on this project. Another internationally reputed firm – Cox from Australia – is the principal architect and consultant.

 The developer has laid emphasis on providing extensive open spaces by reserving over 80% of 40 acre township for landscaped greens. A massive 70,000 sft clubhouse with business centers, conference facilities, shopping complex and guest rooms along with the usual array of amenities of international standards will provide you with truly self sustained and contained residences.

Any NRIs relocation to India, working couples that are shifting to Chennai and Expats can just settle down by bringing just their cloths & linen as units will be fully furnished and fitted out (except for white goods).

Although the project consists of villas, row houses and apartments, the centre piece of attraction of this project are the high-rise Sky Villas. Built 18 stories high, with stunning views of the Bay of Bengal and facing lush green landscaped gardens, these Sky Villas are going to be a unique and rare asset to posses in Chennai. These unique homes will give you the best of both worlds – the size, luxury and privacy of a villa with the comfort, security and integrated amenities of a luxury apartment.

G & C Vision:

This is your rare chance to own a one-of-a-kind fully furnished, fully air conditioned and fully serviced luxury home in the hottest IT corridor of Chennai at an amazingly low price and Free Pre – EMI offer. One can make atleast 125 to 150 % gains against their investment

LOCATION ADVANTAGE:

OMR is the future growth corridor of Chennai and is already one of the hottest locations for investments in not just Chennai and Tamil Nadu but also the whole of South India. The Government of Tamil Nadu has designated OMR as an IT corridor resulting in improved facilities and infrastructure support. Due to massive and sudden growth of IT and other industries on this stretch, OMR is slowly turning into a coveted residential location with many IT professionals working and living on the OMR to avoid the congestion and pollution of the city.

By end of 2014, it is expected that close to 3.5 lakhs people will be working on OMR Road. While supply has been ramped up, only 48000 to 50000 apartments will be available for occupation in 2013 – which still means a huge supply deficit of over 3,00,000 homes. This shows the tremendous scope there is for capital appreciation in this area.

Some of the highlights of OMR Road that indicate its investment potential:

i. The State Government is facilitating the implementation of a 1,500-acre township on OMR – which will have a manufacturing zone, commercial, residential, and institutional and social infrastructure facilities. This project has a potential to attract investments of over Rs 15,000 crore and generate 40,000 jobs. – Distance from The Village: 6 KM

ii. 1500 acre multi-purpose integrated Sports City near Thiruporur (between Kalvakkam and Palyanur) – Project being undertaken by TIDCO on behalf of Tamil Nadu government. – Distance from The Village: 7 KM

iii. 180 acre Financial City being established near Sholinganallur (Perumbakkam) by TIDCO (TamilNadu Industrial Development Corporation) – Distance from The Village: 13 KM

iv. 45 KM Elevated corridor along OMR from Madhyakylash to Mahabalipuram (it will be the biggest elevated corrider in India in terms of size and traffic it will carry) has just been approved by the cheif minister of Tamilnadu to reduce the traffic on OMR and better connectivity.

v. 6 lane By-Pass near Siruseri and Thaiyur (Beyond Kelambakkam Junction).

vi. CMWSSB has begun work on a project to provide uninterrupted water supply from Madhya Kailash to Thiruporur.

vii. TCS – Siruseri Sipcot (Biggest Building in Asia for TCS). – Distance from The Village: 10 KMS

viii. Railway Link – Taramani to Cuddalore via Tiruporur, Mamallapuram, Pondy.

ix. Five new flyovers connecting major areas (From Tidel Park to Siruseri)

x. A New By-Pass road from Egatore(Siruseri) to Thaiyur(Beyond kelambakkam junction) is in the final stages of approval and work will start as soon as it gets it. This by pass will inprove the connectivity for all the software professionals working in Siruseri and residing in Kelambakkam area.

Ten reasons for buying a property in OMR, Chennai

1) Government has given priority for infrastructure developments like water and sewage connections in this road.

2) The above mentioned development and infrastructure projects once completed will make OMR into a world class suburb to reside in will attract investments in all spheres throughout the country.

3) Not far to reach the city – (in fact OMR will be the core of the city in 5 to 10 years of time) Residential townships which are in progress will drive the middle class movement and create a cascade effect for commercial development of the area.

4) OMR and surroundings have more reputed schools planned now than any other area. The Following are some of the schools:

  • Padma Seshadri School
  • PSBB Millenium School
  • Gateway – The complete school – Sholinganallur
  • Abacus Montessori School – Perungudi
  • Delhi Public School at Nallambakkam
  • DAV CBSE School from L.K.G to 12th – Thiruporur
  • Headstart School – Thoraipakkam
  • SushilHari International Residential School at Kelambakkam
  • Deva Kelambakkam
  • Annai Matriculation School –  Bala Vidya Mandhir at Navalur

5) Availability of land parcels especially in phase 2 of the IT corridor will help keep the focus on this area and promote new investments.

6) Property prices are still reasonable compared to the rest of the city especially after Siruseri.

7) IT professionals working on the road will starting moving here in big numbers to the residences which will be ready to occupy in 2014-16 and drive absorption rates and demand.

8) IT Outsourcing continues to accelerate and IT Companies continue to recruit in thousands in Chennai every year creating new jobs in the IT Corridor.

9) Buying a sea facing apartment at reasonable price in Chennai is possible only in OMR.

10) Skyline of OMR – One look at it and any one could say that this will surely be one of the posh neighbourhoods of Chennai.

Feature List

  • Video phone
  • Tennis court
  • Spa and Gym
  • Activity areas
  • Power backup
  • Jogging tracks
  • Water features
  • Swimming pools
  • Designated parks
  • Exclusive club house
  • Modern street lighting
  • Round-the-clock security
  • Underground drainage lines
  • Badminton and squash courts

Please see the below links in leading print and on-line media regarding the developments we have discussed above:

http://articles.timesofindia.indiatimes.com/2013-04-02/chennai/38217090_1_it-corridor-elevated-corridor-j-jayalalithaa

http://articles.timesofindia.indiatimes.com/2012-01-11/chennai/30615824_1_chong-siak-ching-japanese-township-omr

http://www.thehindu.com/news/cities/chennai/three-new-bridges-to-link-ecr-and-omr/article3988784.ece

http://www.thehindu.com/news/cities/chennai/rs-260-cr-sanctioned-for-omr-phase-ii/article3735387.ece

http://articles.timesofindia.indiatimes.com/2009-03-10/chennai/28051401_1_second-phase-first-phase-tnrdc

UNIQUENESS:

The centrepiece of this resort-like living experience is the sprawling 100,000 Sft. clubhouse with 32,000 Sft retail plazas. Out of this 30,000 sft already completed and is a record for Chennai as partial completion of clubhouse with all basic amenities done even before commencement of towers. The clubhouse combines recreation with business facilities and event venues. With arenas for sports and games, swimming pools, spa facilities and private theatre built into the clubhouse, along with a multi cuisine restaurant serving delectable food and beverages.The business centre stands ready in case you need to host a business meet or any event in this unique pollution free venue which can entertain up to 150 guests. There is also a two-level retail plaza which will offer a range of shopping facilities to residents. Some of the notable features are:

  • Spectacular views of Bay of Bengal.
  • Grand reception Lounge at ground level.
  • Vastu compliance for the land and each unit.
  • No Common Walls to ensure complete privacy.
  • Massive 100,000 Sft. Air-Conditioned Club House.
  • Majestic landmark buildings with contemporary facades.
  • Shaded Roof Gardens, Landscaped balconies and private green courtyards.
  • 3 floors of covered parking space incorporating laundry and car-wash facilities.
  • Extensive green spaces with over 80% of space reserved for landscaped gardens.

SPECIAL INVITATION OFFER EXCLUSIVELY FOR G&C CLIENTS:

To create a sensation in our investor circles, the builder has agreed to extend limited units under special offer as explained below:

i. Special Price: A basic price of Rs.4300/sft. for few units v/s current basic price of Rs.4700/sft for Free Pre EMI scheme till possession is offered to G&C clients for first few units. Further, one can get at further special discounted price of Rs.4050/sft if self funded.

ii) FREE Pre-EMI Offer: On the first few units, builder is offering to pay the entire interest on home loan taken by client until handover of project. Loan of upto 80% can be taken (based on your individual eligibility) and interest on this loan (i.e. Pre-EMI) will be paid by builder until completion of project. This means that only 20% of total unit cost has to come from your pocket and rest can be funded through home loan and no further payment needs to be made from your pocket until completion of project.

iii) Special Payment Offer: For those who are going to take home loan, builder has negotiated special payment scheme with banks where you will be required to pay your down payment (i.e. 20%) as per below special schedule which is very liberal and convenient compared to the usual payment schedule mandated by RBI.

Booking Amount: A very nominal amount of Rs.3 lakhs (approx 4% of average unit cost) needs to be paid now along with booking form. The usual booking amount with any top builder these days is 10% on average.

Against Execution of Sale Agreement: Usually, you are required to pay 20% of total cost of the unit at the time of execution of sale agreement. But under this special offer, you have to pay just 10% minus the booking amount of Rs.3 lakhs that has already been paid. This means approx another 6% of average unit cost needs to be paid against the normal practice of 20% (standard practice mandated by RBI).

Balance 10% cost to be paid in 2 instalments in 6 months by the way of Post Dated Cheques at the time of signing the agreement.

This completes the 20% obligation from your funds as per RBI mandate for those taking a loan. Hence, you will have the luxury of making this 20% payment over 5 to 6 months versus the usual time of 2 to 3 months, thus giving you a lot of flexibility in payment.

iv) Additional Discount for those paying out of Own Funds: For those individuals who do not wish to go for a bank loan, the above offer will not be valid. Instead, for the benefit of these G&C clients, the builder is offering a special price of Rs.4050/sft on selected few units (payment to be made according to prescribed payment schedule). Prompt payment of instalments by the client will make him eligible for an additional discount of Rs.50/sft on the base price which will effectively bring down the price to Rs 4000/sft.

Considering both the above offers of free Pre-EMI till possession and special discount price, as a G&C investor you can save Rs.650/sft to Rs.700/sft, making it unique and rare investment and asset to acquire for your family’s future.

G & C Special Price:

If funded through home loan with Free Pre-EMI Offer. 

Ground Floor to 10th Floor – Rs.4300/sft

10th Floor to 15th Floor – Rs.4975/sft

15th Floor and above – Rs.5500-5800/sft depending on the unit 

Rs.4050/sft if self funded and without Free Pre-EMI Offer or Free Pre-EMI till completion of block work and floor rise charges is Rs. 25/sft per floor.

UNIT SIZES:

The project is coming up in 40 acres of land parcel on OMR road. The tower of high-rise Sky Villas consists of 2.5 BHK and 3 BHK units. Each floor in the tower has 8 units (Four 3 BHK units and Four 2.5 BHK units). None of the unit walls are shared by any other unit in the floor providing one with complete privacy. All the Sky Villas are Vastu compliant.

2 BHK – 1068, 1085 and 1215 Sft

3 BHK – 1667 and 1796 sft

We have provided links to the cost sheets of the smallest (1068 Sft) and largest (1796 Sft) options available. For cost sheets of other available sizes, please contact any of the below team members.

BUILDER PROFILE:

  • This project is conceived by one of the top notch infrastructure player of South India who has (as on date):
  • Built more than 6 million Sft. of office & residential space.
  • Been involved in activities from construction to automobiles, power and steel.
  • Always constructed spaces with highest efficiency in industry.
  • This brings value for money as their residential space achieves highest efficiency compared to industry.
  • Recently it created bench mark for Hyderabad market by doing a launch of 30 floor ultra-luxury project on Hottest I.T. Corridor of Hyderabad, Gachibowli.
  • Builder soon expanding to other markets like Mumbai.
  • International funds invested more than 400 million in this company in past 1 year alone reflecting the highest confidence they have even in an unstable market.
  • A world class SEZ at Gachibowli with 3 Million sft I.T. space.
  • Top notch mall of 1Million sft in Hyderabad.
  • 6 Lakhs sft mall at Hafeezpet.
  • AP Gems & Jewellery park 2.5 Lakhs Sft one of its kind in India.
  • 8 Million Sft in various projects across South India in pipeline.

Return Matrix

G&C Special PriceRs. 4300/sft against Rs.4700/sft current price.
Capital Investment 
i) If taking Bank LoanRs.12 to 19 lakhs based on unit size.
ii) If Self FundedRs.50 to 85 lakhs based on unit size.
Investment Period2 years
Expected Target PriceRs. 5500/sft plus by completion in 2 years.
Return on Investment 
i) If taking Bank Loan100% to 150% depending on market hype.
ii) If Self Funded40% to 60% in 2 years.

Contact Persons for bookings, site visit and more info:

Mr. Sitaram. S | Head-Business Development(TN&Pondy) | E-mail: sitaram@gcglobal.in | Mob: 9444481810 Mr. Arun Kumar | Executive – Client Relations | E-Mail: chennai@gcglobal.in | Mob: 9843805576
 Mr. Narasimhan GV | Deputy Manager – BD – Chennai | E-mail: narasimhan@gcglobal.in | Mob : +91 9884743369 Mr. Divyendhu Chowdary | Head – Retail & Hospitality | E-mail: adrc@gcglobal.in | Mob: 9980319639
 Mr. Mallik P | GM – Andhra Pradesh | E-mail: mallik@gcglobal.in | Mob: 9948668499  Mr. Dorai Raj | Branch Coordinator – Hosur Branch | E-mail: dorairaj@gcglobal.in | Mob : 8220830555 / 9686669174
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Annexures

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