From £40,350Palace Gardens, Chennai, India
Invest in Chennai Property
Development: Hiranandani - Palace Gardens
Location: Chennai
Completion: 2010
Hiranandani Palace Gardens is a vibrant new township on the outskirts of Chennai that will offer a unique mix of homes, offices, schools, health care facilities, parks, shops and entertainment.
It's a new-generation "live-work-play" development inspired by the best traditions in city planning from across India.
- 1,2,3 and 4 bedroom apartments
- Sizes range from 788 sq. ft. to 3100 sq. ft.
- Pay only 20% deposit now and no further payment for 12 months
- Possibility to flip property in 12 months time on certain units
- Project developed by the Hiranandani group which has been building for over 25 years in India.
- Pre-approved for Indian mortgage finance by all major banks
What is Palace Gardens?
Palace Gardens, Chennai is an integrated township spread across 540 acres.
It is located just a short drive from Chennai's planned new International Airport with good access to three major highways and the national and commuter railway network.
- 250 acres will be the residential township
- 118 acres will be the business park next to the apartments
- 175 acres of gardens and recreational areas
It will have approximately 10,000 apartments, 18 million square feet of commercial space and 2.5 million square feet of retail including a 1.1 million square feet mall.
Main Features
- Healthcare Facilities
- Schools
- Clubhouses
- Convenience shopping
- A mall with international brands
- Sports courts
- Swimming pool
- Family entertainment centres
- Fitness centre
- Jogging tracks
- Open spaces
- Lawns and landscaped gardens
- Post office / courier facilities
Why Invest In Chennai Property?
International companies are targeting and investing in Chennai, making it a rapidly growing city.
Ford, Nissan Renault, Apollo Tyres, Nokia, Dell, Samsung, Flextronics, Infosys, Satyam, BMW, Wipro, Ascendas and Hyundai are just some of the companies with operations in Chennai all in close proximity to Hiranandani Palace Gardens.
The Government are supporting this growth and have approved the International Airport, port and several SEZ’s. This will increase the potential of the companies in the area, helping them to expand, create jobs and ensure greater demand for housing.
House prices are on the increase. Prices of the apartments in Hiranandani are only at Rs.3450 per sq ft and will increase. Prices started off 10-12 months ago at approximately Rs.2200 per sq ft. That is a increase of 68% in a year.
Internal Features
- Double height entrance lobby with marble flooring
- High speed elevators
- French windows in living rooms
- Deluxe bathroom fittings and designer sanitary ware
- Kitchen with granite platform, stainless steel sink, water purifier, exhaust and hot water facilities
- Concealed wiring with multiple points
- Modular electrical switches
- Modern fire fighting equipment
- Ample parking at podium, stilt and basement level
Prices
Prices start at
- 3400 rupees per square foot for High Rise Buildings (HRB) plus a 25Rs. per square foot floor rise
- 3450 rupees per square foot for Low Rise Buildings (LRB) plus a 25Rs. per square foot floor rise charge.
- Garden apartments are charged at 40% of base rate x the square footage of the garden area
Approximate Price List. (Using INRs.80 to 1GBP)
| Bedrooms | 1 | 2 | 2 | 2.5 | 3 |
|---|---|---|---|---|---|
| Buildings: | Longleat 1 & 2 | Whitehall 1 & 2 | Warwick 1 & 2 | Chartwell 1 & 2 | New Chatsworth 1 & 2 |
| Size sq ft: | 824 | 1325 | 1437 | 1763 | 1895 |
| Floor: | 1st | 1st | 1st | 1st | 1st |
| Approx Price £: | £40350* | £62425* | £67425* | £81800* | £88245* |
| Bedrooms | 3 | 3 |
|---|---|---|
| Buildings: | Clarendon 1 & 2 | Chartwell 1 & 2 |
| Size sq ft: | 1927 | 1992 |
| Floor: | 1st | 1st |
| Approx Price £: | 89655* | 92525* |
Note
Add £260 to all prices per floor rise
Additional fees
| Other Charges | 1 /2 /2 ½ Beds | 3 /3 ½ Beds | 4 /4 ½ Beds |
|---|---|---|---|
| Township Corpus Fund | Rs.50 per Sq. Ft. | Rs.50 per Sq. Ft. | Rs.50 per Sq. Ft. |
| Maintenance Charges | Rs. 2.5 per Sq. Ft. for 18 months | Rs. 2.5 per Sq. Ft. for 18 months | Rs. 2.5 per Sq. Ft. for 18 months |
| TNEB/CMWSSB Charges (Electric Meter, Admin Charges) | 75,000/- | 1,00,000/- | 1,25,000/- |
| Club Membership Charges | 50,000/- | 75,000/- | 1,00,000/- |
| Parking Charges | 1 No. | 1 No. | 2 Nos. |
| LRB Rs.150,000/Space | |||
| HRB Rs.200,000/Space |
Payment Options
Option 1
- 20% within 30 days (less £1500 booking deposit)
- 20% in 12 months
- 55% in monthly instalments
- 5% on completion (est. Jan 2010)
Option 2
- 100% on signing of agreement to purchase
- Discounts available on full payment
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