The project aims to offer 1 and 2 BHK luxurious apartments, with construction already underway

Areas such as Bagaluru, Hennur, Whitefield, and Varthur-Sarjapur are witnessing substantial price increases, attributed to pent-up demand from the pandemic

One third of the transaction value of an immovable property is attributed to land, which is excluded from and it is not included for calculation of GST calculation

The development will be situated at the former Raptakos, Brett & Company Limited facility, which has been inactive for years. 

“Located in the rapidly growing West Chennai corridor, this RERA-approved development offers a total saleable area of 1.1 million sq ft (msf) and has a revenue potential of around ₹550 crore to ₹600 crores”

The project will have a total of 850 apartments, which are in the range of 1,450 sq ft to 2,550 sq ft

It acquired the land from PVP ventures

Locations like Kelambakkam, Kundrathur and Mangadu are today hotspots for new launches

The units in the property, which once used to be a famous hotel, will be one of the costliest in the city

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Local people say that path leading to the  Sannidhanam has not yet been cleared, nor have other preparations been made. However, Forest department claims that 6 km of the forest path have been cleared and remaining will be done before the season officially begins

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