Ambience
Located near Kalpakkam, Swarnabhoomi has all amenities that a sattelite town needs. Name it - Schools, theatres, hospital, hotel, shopping mall, clubhouse and theme park. This is a +5.
Travel
Dont think of travelling to your office if your office is not within this complex. If you work within this complex, most travel modes like company bus or car or bike would work well.
Company/Builder
Marg (http://www.marggroup.com/) is listed company on the BSE and LSE (Luxembourg). They also have a residential project called Pushpadruma on OMR. Other major projects they are handling are the Karaikal port and Ramalakshmi enclave (Tenali). The company was started in 1994 and has been involved in construction of commercial and residential complexes.
Approvals
This is a SEZ with all approvals in place. The residentials units as well are approved.
Project
MARG Swarnabhoomi has a special SEZ business zone that caters to the Light engineering sectors as well as Multi-services. Located amidst scenic backwaters and away from the hustle and bustle of the city, MARG Swarnabhoomi is the perfect place to live your life. The city also boasts of a
- Scenic Highway bordering the sea
- Proximity to the Sea (1.5 kms)
- Golf Course (To be developed next to the SEZ)
- Convention Centre (Close to the SEZ)
- Destination Mall – (Close to the SEZ)
- 12 Acres of water bodies within the property
- Sports club for recreational options
- Knowledge centre
- Schools and universities
As this place is near the backwaters, the ground water is salty is not usable. The builder seem to suggets a water treatment plant, but do check before you book this. At these locations, you dont expect water to be supplied by the city authorities.
Common Amenities
Sewage treatment plant -available these days in most projects
Interior
http://www.margproperties.com/utsav_specification.php
Hidden Costs
I am not aware of any hidden costs, do add your comments if you think project has hidden costs involved.
Engineering
RCC framed structure
Outer wall - 200 mm solid block
inner wall - 100 mm hollow block
Resale-ability/Rent-ability
If you want to leave it for rent: I would rather invest in Chennai or any other city where the appreciation would be much greater. But these houses can be let out of rent very easily. Rents after all SEZs are in operation would be more than 2.5 Rs per sft.
If you want to sell it: Sell after 3-4 years when all industries have been setup and are running. You may not get to sell it immediately as most people dont think of the employment as permanent and they think of shifting locations and shifting companies - so these people would not buy.
My rating
A+ for workers
B for investors
A for bachelors
A- for family
B- for city lovers
B for aged
Utsav
Utsav is the cheapest residential unit which is available at Pushpadruma. It is sold at approximately Rs. 1200/sft. This sounds cheap (even Tata Nano housing costs around 1300-1400, construction cost alone would work out to Rs. 800 per sft). As this is a sattelite town concept, this residential unit is mainly intended for workers who work in the SEZ's inside Pushpadruma. As these amenities may not be available if the workers stay outside Pushpadruma, they may prefer to stay inside. Some may prefer to stay outside where it is much cheaper. If you planning to buy for few years kind of investment or for renting, this may or may not work out fine, depending on the industries which come up in Pushpadruma.
The 648 sft is sold for 7.7 lakhs. This sounds real cheap. But I rather suggest that if you have 7.7 lakhs and want to invest it rather buy somewhere in the outskirts of Chennai or Madurai or Tiruchi or Salem. The only exception to this is you own some houses or business near this area. For example, if you already live in Kalpakkam, you can invest here so that it will easy for maintainance.
Links
Utsav Floor Plan 2 BHK
Swarnabhoomi
Map/Google map
Payment /*added buzzr for google buzz */
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