Project Overview
| Type of Home | Luxury Apartments. |
| Location | Nolambur, Mogappair West Chennai. |
| Size of Total Project: | 26 Grounds |
| No. of Floors | 14 and 3 Towers |
| Total No. of Units | 134 |
| Expected Commencement & Completion Date | Construction has already commenced and is expected to be completed by December 2015. |
| Sanctions Status | All sanctions received. |
| Budget Range | 72.72 lakhs to Rs 2.16 Crores |
| USPs | This project location gives you an easy access to Companies, Schools, Hospitals, inside city and outside city, etc. One can also expect good rental returns and this is a rare opportunity to secure a valuable asset from one of leading promoters of Chennai. |
The Luxury apartments are generously proportioned apart from being located in the heart of the city, at Nolambur, Mogappair West which is just 5kms from Annanagar, Chennai. This means you can luxuriate in your spacious apartment while still being within minutes of the city’s best shopping, restaurants, educational institutions and medical centers.
This project brings you the lifestyle of your dreams in 134 luxury residential units. Set in 26 grounds, will feature landscaped gardens and walkways where children can rediscover the feeling of grass beneath their feet. The entire 14th floor is an entertainment deck offering a panaromic views.
The project is located, in close proximity of Poonamallee High Road. It enjoys proximity to all of Anna nagar’s amenities, padi and Mannurpet industrial estates and IT offices.
Why invest on Mogappair?
Mogappair is a fast-developing residential neighborhood in north-western Chennai, India. This place located west of the Jawaharlal Nehru Road (Inner Ring Road) is part of the Ambattur zone of the Chennai Corporation. There are industrial estates/software parks to the north and west namely Padi, Mannurpet and Ambattur.
The abundance of highly ranked schools, specialized hospitals and recent influx of IT offices in the Industrial Estates have all catapulted Mogappair into a strategic location for business activities. The reasonable rent conditions make this a favorite spot for aviation crew members, patients visiting the heart specialty hospitals and employees in the IT field.
Why invest in this project?
This project comes from one of Chennai’s leading developers and is one among the first to feature unique aspects as below:
This project is located in a place where the atmosphere is really good and free from all kinds of pollution. This residential apartment provides a pleasant and healthy life style to the occupants. This project consist of 2 & 3 BHK flats are located in Nolambur which is closely connected to important places in Chennai like Anna Nagar, Avadi and surrounded with major schools, colleges, shopping malls, IT parks etc.
Feature List
ELEVATORS
Suitable passenger elevators from companies of high repute (Schneider / Mitsubishi or equivalent) with sufficient power backup.
WATER SUPPLY / PLUMBING & SANITARY
- ISI certified concealed CPVC lines for water supply and UPVC sewer lines.
- Superior quality wall mounted EWC with concealed flush tank
- (Toto or equivalent) in all toilets.
- Superior quality counter wash basin (Toto or equivalent) in all toilets.
- Superior quality CP fittings (Roca / Kohler or equivalent) in toilets, utility & kitchen.
- Hot & Cold water mixer unit (Roca / Kohler or equivalent) in all toilets.
Type of Apartments and Sizes:
The 14 floors high rise apartments in 3 different Towers offer one a spectacular view. There are 134 apartments in all.
The project offers 3 types of apartments, ranging between 1212Sft to 3608Sft:
Apartment size
- 2 BHK – 1212 Sft
- 3 BHK – 1734 Sft
- 3 BHK Pent House – 3608 Sft.
The base price is Rs.6000/ Sft and floor rise charges is Rs. 35/ floor.
Locational Advantage:
Education and Health care
Schools, hospitals and guest houses define Mogappair to a great extent. This suburb abounds with schools. Hospitals are a close second. There are the speciality Madras Medical Mission and the newly set-up International Centre for Cardio Thoracic and Vascular Diseases and also a few multi-speciality hospitals around the locality.
Schools in Mogappair
- Dawn (CBSE) International School, Nolambur
- DAV Matric HSS, Mogappair East
- DAV Girls HSS (CBSE), Mogappair East
- DAV Boys HSS (CBSE), Mogappair East
- Velammal Matric HSS, Mogappair East
- Velammal Matric HSS, Mogappair West (Formerly Southern Pearl Matric HSS)
- Velammal Vidyalaya (CBSE), Mogappair West Extension
- Chennai Public school (CBSE), Mogappair East-Jeevan Beema Rao Nagar
- Spartan Matric HSS, Mogappair East
Hospitals in Mogappair
- MMM Hospitals (Madras Medical Mission)
- Frontier Lifeline Hospitals (Dr. Cherian Heart Foundation)
- Denticare (Dr.Gnanraj BDS., MSAID Australia) Dental solutions
- Velammal Hospital
- Take Care Hospital
- Srinivas Eye Hospital
Return Matrix
| Capital Investment | |
| i) If taking Bank Loan | Rs.14,54,400 to Rs. 43,29,600 |
| ii) If Self Funded | Rs.72,72,000 & Rs.2,16,48,000 |
| Investment Period | 2.5 years. |
| Expected Target Price | Rs. 8250 by completion of project |
| Return on Investment | |
| i) If taking Bank Loan | 96% on capital invested. |
| ii) If Self Funded | 38% by completion |
For site visit or more details and further enquiry please call any of below team members:
| Mr. Sitaram. S | Head-Bussiness Development(TN&Pondy) | E-Mail: sitaram@gcglobal.in | Mob: 9444481810 |
| Mr. Thandava Moorthy | Executive – Client Relations | E-Mail: moorthy@gcglobal.in | Mob: 8754040503 |
