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Residential Land In Chennai, India (ref. 25882836)

Posted in Categories: Real Estate, Land for Development
Posted From: India, Tamil Nadu, Chennai

Ad Title: Residential Land In Chennai, India (ref. 25882836)
Date & Time Listed: 2016-10-06 10:44:42 (GMT)
Type of Ad: Want to Sell
Ad Details:
This is a beautiful HIG2 property allotted as a part of TNHB Phase 2. This is off Shollinganallur 1st Ave (80 ft road) on 40 ft road towards Buckingham canal. 40ft road itself is only about 100 m long making it look like a private road and would have little traffic even as the area develops. Over the years decades ahead, you could expect this area to resemble some of the best in Chennai similar to ones along Adyar river such as Boat Club or Gandhi Nagar in Adyar. There are just 2 more plots after which there a big buffer of vacant area before canal left intentionally undeveloped by government per the rules. This 80 ft road runs through this layout and connects OMR with ShollingallaurECR link road. Most of internal street roads are already tarred and with drainage this is in stark contrast to any new layouts anywhere in Chennai or for that matter any other cities in India. And once the main 80 ft road is tarred, prices would shoot up. One other important thing to consider is I have not seen this area flood at all. Even through the heaviest of rains, theres no water logging on the road and it quickly drains into the canal. And the canal itself is clean and is very beautiful during the rainy season. All this makes it a prime property and specially so along the OMR where theres limited availability of good lands with most of them to the west of OMR getting flooded during rainy season. All this mean steady increase in the land price for this area. The asking price is 200 lacs. This property is located at Off Shollinganallur 1st Ave
This property is a Building Plot for sale.
Price: 20,000,000.00 INR

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