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Is the Mandarina, Kotturpuram has more potential in terms of capital appreciation, ROI, Rentals, Proximity to social infrastructure etc?

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Is the Mandarina, Kotturpuram has more potential in terms of capital appreciation, ROI, Rentals, Proximity to social infrastructure etc?
asked May 22, 2016 by Balaji Renganathan (2 points)

1 Answer

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Kotturpuram is one of the attractive locality to live in as the locality has good infrastructure, schools, hospitals and abundant greenery. People are buying homes in this locality because of its proximity to important localities such as Nandanam, Adyar and Alwarpet.
 
The biggest advantage of this locality is the absence of traffic congestion. But the area needs better storm water drains and sewerage lines, lack of footpaths and the metro line needs to be extended.
 
The rate per sqft going on in this locality is Rs 12,000. You will get a 2 bhk apartment within the price range of Rs 1.2 to 1.3 crore while the rental will be in between Rs 20,000 and Rs 45,000.
 
South Chennai localities are always preferred as they have all the key facilities with excellent connectivity, broad roads and availability of good ground water.

 

answered May 25, 2016 by vidyatalwar (41 points)
Mandarina is a completed project offering 61 flats with a combination of 2,3 4 bhk apartments. There will be 5 blocks and each block will be ground+4 floors structure.  

HDFC, ICICI, State Bank of India, Citibank and Deutsche Bank have approved the project. Project looks good to me.
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