2 Acres joint venture in Mangadu

Poonamallee

Price: Rs 6,040/-

About this Property

The property is located in Mangadu, just before Poonamallee, Chennai, covering a total area of 2.25 acres. Strategically positioned between Porur and Poonamallee, this land is ideally suited for both residential and commercial development, with an available Floor Space Index exceeding 4.75. The landowner is inviting a joint venture opportunity, proposing a 60-40 ratio with an advance payment of Rs.5 crores. This corner property offers convenient access, featuring two entry points: one from a 60-foot road and another from a 40-foot road, and is situated merely 100 meters from an 80-foot road that connects Mangadu and Kudrathur. The average selling price for flats in the vicinity ranges from 6,000 to 6,500 per square foot. The location benefits from excellent connectivity to metro networks, highways, and various hubs for entertainment, education, and industry. It is in close proximity to eight revered temples, with the Kamakshi Amman Temple being the most notable. Furthermore, it is conveniently located near DLF IT Park, L&T Infotech, and Olympia IT Park, providing easy access to both professional and leisure facilities. The property is a short 25 minute drive from Chennai International Airport and only 10 minutes from the NH48 Bangalore Highway.

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