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Old April 27th, 2010, 08:34 PM   #1
R2IChennai
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Siruseri OMR | L&T Eden Park | 8 x 14 fl | U/C

Total 100 acres
First phase 14 acres 566 apartment
8x14 floor (mid rise but its going to be massive with 100 acres)
http://www.lntedenparkk.com/
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Old September 7th, 2010, 03:56 AM   #2
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August Construction Status











More: http://www.ltedenpark.com/real_estat...ction%20Status

Last edited by satishanu; September 7th, 2010 at 04:03 AM.
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Old September 7th, 2010, 05:04 AM   #3
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Thanks for the update..
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Old September 7th, 2010, 05:14 AM   #4
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What those people are doing at last pics or are they making small lake in front of the apartment?
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Old September 7th, 2010, 06:00 AM   #5
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@satishanu - thanks for the gr8 pics

My only concern is that all these massive residential structures coming up on OMR seems to be a never ending story inspite of years passing by.
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Old September 7th, 2010, 10:37 AM   #6
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Most reputed Builders plan projects for NRIs and very High Networth individuals in the range Rs 40-90 Lakhs,so that they can have a margin of 30-45 percent. They are mostly Investors.So bookinga are not at a desired rate.

All Projects in the range 20-30 Lakhs targeting people looking for owning a residence will be fully booked and finished under two years.
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Old October 12th, 2010, 09:44 AM   #7
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http://www.lntedenparkk.com/integrat...ns.aspx?pfm=84
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Old October 13th, 2010, 08:12 PM   #8
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Chimney in Basement? What for?
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Old October 14th, 2010, 12:31 AM   #9
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Quote:
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Chimney in Basement? What for?
Thats for diesel generator smoke exhaust!!
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Old October 14th, 2010, 11:49 AM   #10
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Thanks
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Old October 25th, 2010, 04:43 AM   #11
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Copyright: Sundararajan,Picasa
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Old October 25th, 2010, 05:54 AM   #12
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Wonderful snaps. When is the "D" day for occupation. seems the infra is in place. L&T is very professional in doing these projects. It should be a boon to the TCS folks next door
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Old October 25th, 2010, 06:59 PM   #13
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Some news abt L&T projects in chennai which I heard from a insider source.

L&T Eden gardens- They got lukewarm response due to recession. The phase 1 consisted of apartments starting at 45- 50 lacs range. But they are planning to launch more high end villapartments in phase 2.

L&T Estancia- The residential portion is developed by Arun Excello. The commercial portion is developed by L&T. They were very upbeat about the IT park since there were several enquiries before the launch itself & 50% of the space was almost booked. (Stan Chart was suppose to come there) But again due to recession the demand went rock bottom and as of now only 3 out of 9 floors were booked. The breakeven rate is Rs.35 for which Sriram IT park is available which is well 10- 15 kms before this.

L&T Infotech- Even before DLF acquired the land in Manapakkam, L&T was interested in that site for their expansion. But the rate quoted by DLF was high and eventually went to them. Currently a huge tower is under construction behind ECC office in Manapakkam for L&T Infotech’s expansion. The building can easily occupy 5000 people. They are also looking at some factory site opposite to their Manapakkam office for Infotech’s expansion.
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Old October 26th, 2010, 05:58 PM   #14
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[QUOTE=H Factor;65951187]L&T Eden gardens- They got lukewarm response due to recession. The phase 1 consisted of apartments starting at 45- 50 lacs range. But they are planning to launch more high end villapartments in phase 2.

L&T Estancia- The residential portion is developed by Arun Excello. The commercial portion is developed by L&T. They were very upbeat about the IT park since there were several enquiries before the launch itself & 50% of the space was almost booked. (Stan Chart was suppose to come there) But again due to recession the demand went rock bottom and as of now only 3 out of 9 floors were booked. The breakeven rate is Rs.35 for which Sriram IT park is available which is well 10- 15 kms before this.

QUOTE]

Is this the present situation also. if so When there is no demand for office & residential space .why is that they want to lauch phase 2??? Sounds ridiculous.
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Old October 26th, 2010, 06:50 PM   #15
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This was the scenario when they book closed for last financial year. Not sure something drastically changed in the last 4- 5 months
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Old October 26th, 2010, 07:43 PM   #16
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I looked at office space absorption in Chennai and it is .9 million for last quarter not bad but one thing is worrying me there is no SEZ space within CBD or SBD(except DLF and Indialand) all sez space like L&T are atleast 30 to 40 kms from city.

I think that is the reason why the absorption is less. For example in Bgl there are 6 sez in ORR which is about 15 kms from city and that is considered as PBD and the rates are avg 40 rs /sq feet in comparision in chennai PBD like OMR and GST the rates are only 30 but look at the distance difference, so I think it is becoming more logical for companies to go to ORR by paying 10 rs more than coming to Chennai and taking space at around 30 to 40 kms away.
Any thoughts?
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Old October 26th, 2010, 08:18 PM   #17
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Ascendas phase 3 (zenith) is ready for occupation which is approx 450,000 sq feet. ASV info park is another 400,000 sq feet. Shriram the Gateway is just few kms from Tambaram. TRIL info park is right next to TIDEL. DLF is also constructing 3 new towers within its existing campus. All these can also be categorised as PBD.

An SEZ might compete with another which is als located within city, but the competation does nt exist between cities. Cos decide upon a location first and then decide about the SEZ within that city. When demand was there, siruseri & mahindra city was occupied at no time
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Old October 26th, 2010, 08:26 PM   #18
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What you are saying is partially correct but having a SEZ in nice location within SBD can influence the city decision.
Now the demand is less and now there will be no takers for Mahindra IT space. Siruseri is more of an Captive SEZ so the story is different here.
Also I think ASV infopark is not an SEZ so for IT park the demand going forward will be less.
TRIL will do well because it is an SEZ and in SBD.
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Old October 27th, 2010, 06:55 PM   #19
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Quote:
Originally Posted by H Factor View Post
This was the scenario when they book closed for last financial year. Not sure something drastically changed in the last 4- 5 months
Have u forgotten reccession man.Real estate started picking up slightly from the first quarter of this fiscal and is gaining momentum in the second quarter.There is also news that chennai is leading in residential flats sales particularly in the affordable segment.More and more projects involving thousands of crores from leading builders are announced in chennai.
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Old October 27th, 2010, 10:40 PM   #20
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Quote:
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Have u forgotten reccession man.Real estate started picking up slightly from the first quarter of this fiscal and is gaining momentum in the second quarter.There is also news that chennai is leading in residential flats sales particularly in the affordable segment.More and more projects involving thousands of crores from leading builders are announced in chennai.
That might be the reason. Lets wait & watch
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