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GODREJ AZURE
Godrej Azure
Project Snapshot
Segment: Mid Segment
-Type: Apartments
-Units: 2 BHK, 3 BHK
-Total Units: NA
-Size of Units: 608-1365 sqft
-Launch Price: INR. 4390
-Launch Date: December 2014
-Possession: 2018
- Layout Analysis: Spread in an area of 8 acres, the project will have 2 and 3 BHK apartments. The
project involves a total of 11 buildings which are either 15 or 17 floors high. The flats are Vastu
compliant.
-Amenities: Gymnasium, Swimming Pool, Basket Ball, Cricket Pitch, Jogging Track, Club House,
Indoor Games, Power Back Up, Garden
-Not so good about the project: The project will take 3.5 years for completion.
- Payment Schedule: NA
- USP: Strong brand name of the builder, range of amenities and nice location.
Appreciation Analysis
Mentioned below are some of the major residential projects in and around Padur, where the project is
located.
-Pacifica Aurum: Its a CRISIL star rated project, involving a range of 2, 3 and 4 BHK apartments. The
project will be up ready by December 2015. The price of the project is INR 3670 per sqft.
- XS Real Symphony: The project involves a range of 2 and 3 BHK apartments ranging from 953 to
1287 sqft. The project is expected to be completed by August 2015. The price of the project is INR
4267 per sqft.
- Jains Inseli: The project involves a range of 2 and 3 BHK apartments with area ranging between 997
and 1755 sqft. The project has been developed on an area of 11 acres and involves a price of INR 3900.
- MMRF Vista Oceana: The project involves 3BHK units with a price of 1.27 crores and above. The
project has a price of INR 5260 per sqft and will be completed by September 2017. Location Analysis
Once a suburb Padur, in the recent past has attracted the attention of some of the leading developers in
Chennai. The heightened attraction has mainly been attributed to Padurs transformation into one of the
IT hubs of Southern India. The location involves many IT and tech park, encompassing a range of
national and multinational companies.
The location also boasts close proximity with SIPCOT, which is touted as one of the largest IT parks in
Asia. SIPCOT is being developed in a massive area of 1000 acres. Some of the leading national and
international companies have acquired land in the project. The list involves TCS, Hexaware, Aspire,
Apollo, Cognizant and Syntel etc.
The development of the IT park has also spurred growth in social and phsyical infrastructure in the
form of education institutions and healthcare center etc. Not to mention the ongoing broadening of the
road aimed at smoothening of the roads. The nearby schools include Sushil Hari Residential School, St.
Johns International School, Primrose School, Padma Adarsh School etc. Some of the major higher
education institutions in the nearby location involves ITM business school, Indian Institute of
Information Technology, Hindustan College of Arts and Science, Chennai Mathematical Institute,
Jeppiar Engineering College, Padma Seshadri Bala Bhavan. The well-known health care units include
Chettinad Health City, Ragas Dental College and hospital, Global hospital, Dr.Kamakshi Memorial
hospital etc.
The location is also well placed with some of the major tourist destinations of Chennai such as Zoo,
MGM Theme Park, Mahabalipuram and Muthukadu Lake etc. Thanks to an extensive network of train,
bus and shared autos the location is conveniently placed with most of the major locations of Chennai.
- Distance from Major Landmark
Land Mark
Chennai International Airport
Zoo
Chennai Central Railway Station
Mahabalipuram
Distance (KM)
25
23.5
35
31
Expected Appreciation
Large volume of IT and ITes companies are in close vicinity of the project, making it a suitable option
for individuals working in these companies. A robust IT industry integrated with a rapidly evolving
residential market has also resulted in a vibrant social infrastructure in the form of plethora of schools,
hospitals, colleges, restaurants etc. thereby adding further value to the location.
In the coming time on the backdrop of the economic significance of the location integrated with robust
social infrastructure the present prices are expected to be rise with rate of 25-30%, according to the
estimates made by the Kin Housing research team.
Builder Analysis
- SWOT of Godrej
Strength
- Strong hold in residential sector
-
Weakness
- Comparatively lesser presence in Southern
India compared to other entities such as
Prestige, Sobha and Purva etc.
Opportunities
- 10 -15% rise in demand expected in terms
of residential units in 2015
-
Threat
- Economy will take some more time to
fully recover. Rupee depreciation
continues (Though this can boost NRI
investment)
-
Projects
Godrej
Woodsman Estate
Godrej Planet
Godrej Eden
woods
Godrej Pine
Status
Ready for possession since Sep
2011
Ready for possession since Aug
2011
Ready for possession since Mar
2010
Project completed and has been
ready for possession since Jan 2013
Customer Feedback: Godrej Builders is one of the high end brands in the realty market, which
has been active since 1985. The geographical reach of the developers involve Mumbai, Pune,
Bangalore and Kolkata etc. Besides construction the parent company is one of the most trusted
names in India, which has been active in the Indian market in 1897.
Reasons to Invest
- Reasons to invest in the project
-High appreciation expected in the coming time on the backdrop of rise in IT companies, residential
and social activities.
- Trusted brand name of Godrej.
- In close proximity to the vast IT space of Chennai and hence will be preferred by individuals
working over there. It also has Powerful social infrastructure along with upcoming infrastructure
projects such as road broadening.
Kin Housing
Kin Housing is one of the fastest emerging property investment advisory in India with strong
presence in Bangalore, Chennai, Pune and Kolkata. In case you are looking to invest in the Indian
Property market, feel free to connect with us for free investment advisory by dropping a mail at
contact@kinhousing.com or call us at our toll free number 1800 3000 5245.
Also feel free to visit our website to learn more about various projects- KIN HOUSING