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Old November 18th, 2011, 11:33 AM   #1
murlee
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Residential Projects/News in State Capital Region (SCR)

SARE’s success in Chennai leads to investment in second
project worth Rs. 500 crore in Kolathur GST


Quote:
•Inked a 61 acre deal project in Kolathur GST with a sell- out value of c. Rs. 500 crores
• Establishes presence in the two major growth corridors of Chennai – OMR & GST
• Premium lifestyles at affordable prices starting from Rs. 15 lac onwards
• OMR project recognized as ‘Residential Property of the Year’

After the success and recognition of South Asian Real Estate’s (SARE)
prime integrated township in OMR Chennai, and significant monetary appreciation for
customers and investors, the company is now acquiring 61.4 acres of land in Kolathur GST for
development as a residential township worth c. Rs. 500 crores.
With this investment, SARE has
firmly established its presence in the two most important growth corridors in the city, namely
OMR and GST.

The newly acquired land is located on the GST growth corridor 28km from the Chennai Airport,
2km from the Koll Railway Station and is proximate to major industrial hubs of Oragadam and
Mahindra World City which house major automobile and IT / ITES companies and is also
surrounded by good quality educational institutes and upcoming infrastructure development.
Access to the land is from the GST via a 40 sq. ft. wide tarred road.

Commenting on SARE’s success in Chennai, Mr. Arvind Pahwa, CEO of SARE said, “We are
happy to announce the closure of our second transaction in Chennai. I am very confident about
the Chennai market with its strong IT / ITES and manufacturing base. It continues to be among
the fastest growing metros in the country. The education, age dynamics and increasing diversity
in the population will enable steady and sustainable growth models. We will continue to focus
on the middle income segment and offer a quality product offering to our customers as we as a
company are very focused on our customer’s aspirations. We are open to looking at further
investment opportunities in and around Chennai
.”

The GST project will have 608 sterling apartments, 460 elegant villas and plots suffused with
every comfort of world-class stature. The total project is expected to be completed in three
phases, with phase-1 scheduled to be completed within 18 months from the date of
commencement of construction.


We maintained our confidence in Chennai through the market downturn of 2008 / 2009 and
launched our OMR residential project in May 2010. Phase 1 and Phase 2 are sold out and we
have recently accelerated the launch of phase 3 with total sales to date in excess of 700
apartments. We have committed construction on 1.35 mn sq.ft. and the total buildable area on completion will be c. 6.8 mn sq.ft. With our second investment in Chennai, we look forward to
establishing SARE as a leading developer in the Chennai residential market
. The scale of our
business will enable us to deliver best in class service to our customers and commit the
resources to ensure on time delivery of our projects.” stated Mr. David Walker, Executive
Director – Operations.

The GST project is designed as an integrated township with a gated residential layout, group
housing with well planned roads, inviting landscape and large open spaces, parks, play grounds,
convenient shopping, club house, school, hospital, an old age home and other amenities.
The
elegance of the homes defies their pocket friendly pricing of Rs. 15 lac onwards.

Elaborating on the GST project, Mr. Vineet Relia, Chief Operating Officer, SARE and recent
recipient of a Professional Excellence in Real Estate Award 2011 explained, “While launching a
project we give paramount importance to the lifestyle of our customers in the particular
demography and their objective of maximizing the value for their investment. This project will
be tailored to meet the needs of middle class income group with suitable amenities and will be
well customized for them. The apartments will be designed in such a way that when people
come home after going through the stress of modern day corporate life they find the perfect
dream home & ambience to unwind and relax with their family.”

SARE’s OMR project was recently recognized as ‘Residential Property of the Year’ by Realty Plus
for its existing OMR project in a glittering event organized by CREDAI
on 3rd February 2011 in Bengaluru.
http://www.saregroup.com/Press%20Ann...INAL%20_2_.pdf
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Old November 18th, 2011, 11:47 AM   #2
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Imperial Towers|U/C|OMR

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Old November 18th, 2011, 11:57 AM   #3
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Covering over 4.2 acres, Verterra has 324 units in 9 blocks plus a Club House



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Old November 18th, 2011, 12:07 PM   #4
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Old November 18th, 2011, 12:16 PM   #5
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Old November 18th, 2011, 12:25 PM   #6
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Arihant Frangipani|U/C|OMR

http://www.arihantfoundations.com/Re...rangipani.html



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Old November 18th, 2011, 12:50 PM   #7
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Coool......

Good that you have started this thread....

I was thinking that u include even other mega projects (like Hiranandini) inside this thread. Nevertheless a good start!
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Old November 18th, 2011, 03:35 PM   #8
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Quote:
Originally Posted by saysenthil View Post


Coool......

Good that you have started this thread....

I was thinking that u include even other mega projects (like Hiranandini) inside this thread. Nevertheless a good start!
Pl keep the mega projects as separate threads for each.

Murlee,

Even Sare is a very big project coming up in phases. Once you have enough information, please start a new thread for them.
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Old November 18th, 2011, 03:45 PM   #9
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Quote:
Originally Posted by murlee View Post
Primex Verterra|U/C|Porur
Quote:
Originally Posted by murlee View Post
Doshi Nakshatra II|U/C|Tambaram
Quote:
Originally Posted by murlee View Post
Fair Square Harmony|U/C|Padur
Quote:
Originally Posted by murlee View Post
Arihant Frangipani|U/C|OMR
Pera vekkiranga paru.. velila poi enga veedu frangipani la irukkunu solla mudiyadhu orutharala.

Tamizh per vecha dhan approval nu sattam podanum.
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Old November 18th, 2011, 04:21 PM   #10
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Quote:
Originally Posted by kannan infratech View Post
Pl keep the mega projects as separate threads for each.

Murlee,

Even Sare is a very big project coming up in phases. Once you have enough information, please start a new thread for them.
Yes.. SARE OMR project is quite big and I will start a new thread for it tonight!

This GST road project is just announced and not so much info on it.. SO, lets wait till they release some data for a new thread..
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Old November 18th, 2011, 06:07 PM   #11
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This is a mega project from Unitech.. But dunno whether it is U/C or still in proposed stage.. So, posting here.. If more details come up, we can start a new thread for this..

Unitech Palm Villas| 200 acre integrated township|Nallambakkam

http://www.unitechgroup.com/resident...nai&pro_type=1

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Old November 18th, 2011, 06:14 PM   #12
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Vijay Shanthi Park Avenue|U/C|Kelambakkam



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Old November 19th, 2011, 10:28 AM   #13
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http://www.xsreal.com/green-edge

One apartment cost 2.4 crores,

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Old November 19th, 2011, 08:33 PM   #14
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Quote:
Originally Posted by Raji7373
http://www.xsreal.com/green-edge

One apartment cost 2.4 crores,
This whereni grew up(rented house) this area was considered posh those days couldn't believe it's 15000 rs per sq feet now.
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Old November 19th, 2011, 09:43 PM   #15
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Chennai Pattinam Township Latest Pics

http://www.ceedeeyes.com/introduction.html





DAV School







SRC: https://picasaweb.google.com/1057276...tinamDAVSchool
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Old November 20th, 2011, 05:48 AM   #16
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Semma dabba, palich palich colour scheme
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Old November 20th, 2011, 04:29 PM   #17
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Quote:
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Chennai Pattinam Township Latest Pics

https://picasaweb.google.com/1057276...tinamDAVSchool
i think TN govt can give housing board project to these developers........... this project exactly looks like a housing board for slum dwellers with gud landscaping.......

Last edited by kannan infratech; November 21st, 2011 at 01:46 PM.
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Old November 20th, 2011, 05:30 PM   #18
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Old November 21st, 2011, 08:18 AM   #19
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Consultancy Assignment for Transaction Advisory for Development of Thirumazhisai Satellite Town Development Project under PPP Mode

http://www.tenders.tn.gov.in/innerpa...nh64266&work=1
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அருள் முருகன்
தமிழ்நாடு/இந்தியா
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Old November 21st, 2011, 09:43 AM   #20
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Chennai Pattinam projectu Idhu Venum Innavum Venum. fellows really lack the style. It is to be noted that CDS builders have built more than 10,000 apartments in the city but have always catered to the middle class segment.
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