Exchange Offer.. for Apartments !! Offer from L&T Arun Excello for Estancia project.

It is pretty hard, if not impossible, for senior citizens to get loans for housing projects - which is more biased towards salaried professionals in their 30s. If senior citizens have to plan for a retirement home, they will mostly have to dig into their savings or liquidate their assets. Recognizing this problem, L&T Arun Excello is offering a "Exchange Offer" for senior citizens to help them own an apartment in their gated community project - L&T Arun Excello Estancia.

To enable this scheme, L&T Arun Excello has joined hands with Jones Lang LaSalle Meghraj (JLLM) subsidiary Homebay Residential, which would aid the senior citizens in valuation of their old homes, selling the same for a good price and to subseqently buy an Estancia apartment.

Given that most senior citizens would have invested (probably around 15 to 25 years ago) in independent homes or apartments in areas like Adyar, Besant Nagar, Anna Nagar, Ashok Nagar, K.K.Nagar and Velachery, it is natural to see high valuation deals coming out of those assets.



Features include..

Anti-Skid floors.
Ramps for easy access to all areas.
Grab Bars in toilet.
Stretcher lifts.
Dedicated landscaped, vehicle free pedestrian pathways.
Yoga and meditation centre.
Polyclinic with doctor on call within township.
Pharmacy within township.
Supermarket within township.
Optional house-keeping arrangements.

A total of 30 apartments have been reserved in the ground and first floors of Estancia projects and would cost Rs.75 Lakhs to One Crore. If senior citizens where to own independent houses or plots, the offer includes joint venture development plans.

Possession will be available from December 2009.

L&T Arun Excello Estancia is the 3rd project to focus to the Senior Citizen's residential market in Chennai, along from Alliance Gardens @ Orchid Springs in Padi/Annanagar Extension and Akshaya Adena in Padur / Kazhipattur, South of Siruseri on OMR. (Related Post : Alliance Gardens vs Akshaya Adena - Battle for the Senior Citizen market)

For more details visit : Arun Excello Estancia

This post is now part of Discussion thread on L&T Arun Excello Estancia

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Chitra Suruthi Lakshmi Enclave on Panchayat Road, Perungudi

Chitra Constructions (P) Ltd., has announced Chitra Suruthi Lakshmi Enclave on the 35 feet wide Panchayat Road in Perungudi.



The project will come up on Stilt+4 floors offering 2 and 3 bedroom apartments with sizes ranging from 800 sqft to 1200 sqft.

More here: Chitra Suruthi Lakshmi Enclave, Perungudi - Project Details, Location on Google Maps and Discussions

This is second new project of Chitra Constructions - the other being a Stilt+13 floors project named Chitra Manikandan Enclave, coming up in the nearby Corporation Road in Perungudi.

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Booking commences for Chitra Manikandan Enclave at Perungudi

Chitra Constructions (P) Ltd., has stated booking for its Stilt+13 floors construction on OMR Perungudi. The project named Chitra Manikandan Enclave will come up on the 80 feet wide Corporation Road, very near the tollgate in Perungudi.



More here: Chitra Manikandan Enclave, Perungudi - Project Details, Location on Google Maps and Discussions

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VGN Nest at Velappanchavadi, Near Maduravoyal at Rs.2500/sqft

VGN has announced its latest offering VGN Nest at Velappanchavadi, Near Maduravoyal.



VGN Nest is to come at around 500 m from the Poonamallee High Road and VGN is marketing the rate factor and the relative nearness to the city.

VGN Nest seems to have avoided non-core features (like swimming pool, gymnasium, etc.,) and focussed on the basics alone by providing Covered Car Parks and Generator Backup for lift and common areas. Works good for most middle-class families.

More here: VGN Nest at Velappanchavadi - Project Details, Location on Google Maps and Discussions

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TVH Ouranya Bay offers affordable apartments at Padur / Kazhipattur

TVH Ouranya Bay which is a "tall" project consisting of 6 blocks with 29 floors, offers apartments starting from Rs.40 Lakhs*.



Features include..

* Sky gardens
* Clubhouse
* 3 swimming pools
* Mini-theatre
* Gymnasium
* 4 lifts for each tower with power back up
..and a lot more.

The Clubhouse facilities include..

* 4000 sq.ft. restaurant
* 2000 sq.ft bar / pub
* Kitchen with catering facilities for private parties
* 5000 sq.ft banquet hall
* 75 seater mini theatre
* Internet cafe
* Cards room
* Billiards room
* Indoor games room
* Library
* Video games room
* Jacuzzi, steam bath and gym

More here: TVH Ouranya Bay - Project Details, Location on Google Maps and Discussions

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Doshi Serene County offers Independent Villas & Twin Houses at Santhoshpuram

Doshi Housing is offering Independent Villas & Twin Houses at Santhoshpuram adjacent to its Doshi Trinity Park project.

A total of about 48 residential units are planned to be constructed in G+1 floors.



The units are available in sizes ranging from 1200 sqft to 2470 sqft (as on July 11, 2009) on land area ranging from 728 sqft to 1805 sqft. The total rate will be around 45 Lakhs and above.

The project is expected to be completed by June 2010 (tentative).

For further details, including location on Google Maps, project website and more, visit : Doshi Serene County (Independent Villas & Twin Houses) Details

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