|# Project Details|
The project "Tranquil Acres" by Plaza is located at Kovilambakkam, Chennai.
The residential units are to come up in 7 blocks.
Online Communities (Groups/Portals) for Owners of Plaza Tranquil Acres include..
Yahoo Groups :
This Map of Plaza Tranquil Acres shows the location of the project.
Other details :
Peace, Space and People.
These are the three prime essentials to a complete home. When we started planning the project, that is exactly what we wanted out of this project.
Hence, Tranquil Acres was born.
Keeping with our essence of large spacious properties, tranquil acres is the latest residential project from us - the Plaza Group.
10 min. drive from Tidel Park, Chennai
Off Velachery MRTS and Pallavaram railway station
Benefits of 2 of the fastest growing corridors ( OMR / GST )
6 km from the airport
Located on the 200 feet MMRD (Thoraipakkam Pallavaram Road)
Proximity to healthcare services (Kamakshi Hospital)
Adjacent to high end serviced apartments
Proximity to schools ( American International School, DAV, Abacus)
Proximity to IT majors, malls and colleges
1. Well equipped fitness zones
2. Tree bound park with open spaces and lush vegetation
3. Children's play area equipped with jungle gym and other recreations
4. Open air amphitheatre
5. Sewage treatment plant
6. Power backup for amenities
7. Club hall and community centre
8.Automated laundromat services
9.Well-laid joggers track
10. Security cabin and servant toilets
11. Fully automatic lifts
12. Potable ground water facilitated
13. Sauna & Steam
14. Indoor sports area
15. Preinstalled broadband and telephone facilities
The project is financed by HUDCO and has been approved by HDFC Home Loans, AXIS Bank, Kotak Mahindra and ICICI Home Finance.
The official launch for Phase-II of Plaza Tranquil Acres is expected to be on 3rd July 2010 and the rate is reported to be around Rs 3500/sqft as mentioned in our discussion threads.
Further details are available at their website..
The project is exclusively Marketed by Homebay (subsidiary of JLLM).
For booking, contact :
(Note : One potential customer has emailed us informing the current quoted value as Rs.3250/- per sq.ft., as of 08 April 2009. But the value in the Homebay site still shows Rs.3175 per sq.ft - probably a bit stale. Kindly enquire directly with Homebay/Plaza for the latest rates. This is related to Phase 1.)
(Note2 : The link to plazagroupcoin has been removed as directive from CERN India (http://www.cert-in.org.in) [cert-in.org.in] about mal-ware attack on the website.)
(Note3 : The link is back again as the mal-ware warning does not appear now)
(Note 4 : Latest rates and completion status updated as of 30th March, 2012)
Project Webpage : Plaza - Tranquil Acres details
Related : Buses / Trains connecting Vellaikal , Buses / Trains connecting Kilkattalai
|# r.rajkumar Post Subject:Discussion on Plaza Tranquil AcresSat Apr 04, 2009 02:09 AM|
|Discuss about Plaza Tranquil Acres project in this thread
|# djaydasari Post Subject:Has the project started?Has it finished all the approvals necessary?Sat Jun 27, 2009 04:05 PM|
Does any one have information if the project has started and has it got all the approvals necessary for the project (CMDA ,environmental approval etc).
Any info if this is a good project and the current price?
|# r.rajkumar Post Subject:Discussion on Plaza Tranquil AcresMon Jun 29, 2009 04:59 AM|
Based on financing from HUDCO and the bank approvals (HDFC Home Loans, AXIS Bank, Kotak Mahindra and ICICI Home Finance), it seems there should not be a problem with respect to approvals from CMDA, etc., as each of these institutions will want to protect their lending and see to it that the project meets the required conditions.
The rate seems to be reasonable and though it is marketed with the huge "Velachery" tag, it is at quite a distance from Velachery. The distance from Plaza Tranquil Acres to Velachery MRTS : 4.8 km [wikimapia.org] and it is more than 5 km if you consider having to make a U term after the over bridge to reach the station and the distance from Plaza Tranquil Acres to Velachery Vijayanagar : 5.5 km [wikimapia.org]
The rates for new projects in Velachery even by small builders - in around 1 ground (2400 sqft) of land or lesser, and hence typically without the usual amenities available in larger projects - is upward of 4200/sqft.
Considering the location of the project on the road connecting the current airport with the IT Corridor (OMR/Rajiv Gandhi Salai), it is a good location and also considering the facilities offered, I think it is a good deal.
Thanks & Regards,
In IE 6, you may have to copy paste the links. Works fine in FireFox.
Last-Updated by : r.rajkumar on Mon Jun 29, 2009 05:09 AM
|# djaydasari Post Subject:Discussion on Plaza Tranquil AcresTue Jun 30, 2009 01:09 PM|
|Hi Raj Kumar,
Thanks a lot for all your information.
i would like to know if the project construction has started and their claims of getting 90% of the flats booked is true?
I have not seen a single advertisement of this project anywhere in newspapers(Hindu/Times of India).
I am a little concerned if this will get completed in their projected time frame.
When is it schduled to complete if you have any idea?
Thanks again for you information
|# r.rajkumar Post Subject:Discussion on Plaza Tranquil AcresTue Jun 30, 2009 01:31 PM|
The entry in PlaceToLive.in was added after their Hindu Ad (possibly on Apr 04).
Apart from that, I think it will be better for you to actually visit the project site and also interact with the builders.
I am not sure if the "90% already booked" info you are mentioning is accurate. This can be both good as well as bad.
Bad because, one is likely to pick from the "left-overs".
Good because, a lot of people think this project is worth the rate and are investing into it.
|# fabmats Post Subject:New Group started-construction not startedSun Jul 12, 2009 05:17 AM|
I have started a new group for buyers of property from Plaza Builders , Tranquil Acres. The construction is yet to start.I paid 5 lakhs advance in April and the buyer promised start of construction in May .As of July 10th i see no signs of construction .As per the sale agreement the penalty clause starts 3 months after "APPOINTED DATE"."APPOINTED DATE" defined as date when they obtain CMDA approval which can be any date even Dec 2009 .Request all buyers to go through Penalty clause carefully
|# kprakashfca Post Subject:Discussion on Plaza Tranquil AcresThu Jul 16, 2009 09:25 AM|
|Though the builder claims the common area is 14% and wall area is 10% leaving the actual carpet area at 76% the actual carpet area as per drawing is only 72%to paid for area. There is a gap of about 40 sft from what you pay for and what you get. Would any one clarify how salable area is arrived at?
|# maheshdmyl Post Subject:Discussion on Plaza Tranquil AcresFri Jul 17, 2009 07:34 AM|
|I am also having the same doubt about the balance 40 SQfeet space ...... will they mention the details in agreement (ie total area, carpet area etc.,) so that the confusion will be gone.
And regarding the penalty clause... the amount mentioned is less ie Rs5 per sqfeet when compared to the market standards and the price that we are paying to the appartment.
|# maheshdmyl Post Subject:Discussion on Plaza Tranquil AcresFri Jul 17, 2009 07:36 AM|
|People may not be having access to Yahoo as most of the offices will not allow to browse personal mails
|# fabmats Post Subject:Meeting with Sivaramakrishnan AVP Jones Lang Lasalle MeghrajFri Jul 17, 2009 04:20 PM|
|This is my second post .In the previous meeting we had asked some doubts regarding the sales agreement to Jones Lang LaSalle Meghraj who market Tranquil Acres .The agreement says the penalty clause starts 18 months + 3 months grace period after appointed date or date of signing sales agreement which ever is LATER . The appointed date depends on the date they get CMDA approval,hence we are not sure of Appointed date .We have asked for it to be changed to appointed date or date of signing agreement WHICH EVER IS EARLIER. Hence if we sign sales agreement we won’t be subject to whims and fancies of CMDA .We are yet to get response on this .Will update the group.
We also asked about the penalty clause which states their liability is limited to only Rs 5 per sq foot .Even DLF offered Rs 10 per sq ft. We have booked 1500 sq ft home. So we expect a penalty of Rs 7500 /- p.m which is very low .Mr.Sivaramakrishnan refused to increase the amount and never explained the logic at which it was arrived .I hope if more people get together we can ask again if builder will increase the penalty clause .Will post as and when I get more updates.
|# fabmats Post Subject:Getting together to meet the builderFri Jul 17, 2009 04:38 PM|
|For those who have booked flats or planning to sign sales agreement , we can get together and meet the builder at a time which is convinient to all .This can be over any weekend I guess . You can contact me on my mail id firstname.lastname@example.org if you want to set up a meeting
|# maheshdmyl Post Subject:Getting together to meet the builderMon Jul 27, 2009 07:28 AM|
|Good one.... let us join together minimum 10-15 members will be the best.
I am not sure how many of them viewing this discussion.
I am realy concerned about the CMDA Approval.... i am not sure about the reason of not getting the approval .... why it is taking this long......
|# seenuraman Post Subject:SErviced Apartments inside the residential apartments. Wed Jul 29, 2009 04:42 AM|
|I have booked a flat. I am worried about the comemrcial flats inside which they call as "Serviced Apartments". Is there any one to clarify what is serviced apartments. What about the understanding between the owners of tranquil acres and owners of serviced apartments after they complete the project. what are all the common amenities they intend to share?
|# deivathai2009 Post Subject:Discussion on Plaza Tranquil AcresThu Aug 06, 2009 05:44 AM|
|Well I am in same boat, even I had paid 10lakhs and the buyer said they would start construction in June .Now it is August it has been 5months and I am losing hope and I guess they will start construction probably by end of this year or next year only. I heard from my friend's friend that they have paid about 20lakhs last year. Builder said they will start construction by dec2008 and now it is august 2009. It has been 1.8years since they gave money to the builder, now they plan to file a case against them. So was anybody able to meet the builder in the recent past. There is also a rumour that one of the partners of the Plaza group had broke his partnership so because of that also there is a delay in starting the construction. Please if anybody get any info please post it.
Last-Updated by : deivathai2009 on Thu Aug 06, 2009 05:47 AM
|# deivathai2009 Post Subject:Is the construction startedTue Aug 18, 2009 01:39 AM|
|Please let me know if the construction has started or not. I am staying in UK. Waiting for the response from any of the member.
|# menash134 Post Subject:Construction is startedTue Aug 25, 2009 01:36 PM|
|I had booked a flat in Tranquil acres just by giving the booking advance only. The construction is started
and foundation for A block is being done. They said that the construction will be over by dec 2010. Residents can occupy at jan 2011 and after that 6 months other amentiies work will be going on. like park etc.
Home bay is marketing this apartments and considering the location of the apartments it is very attractive becoz it is in new airport road.
Iam not planning to enter into a sale agreement untill they get CMDA approval.
The problem which was explained to me was, If you are constructing any apartments, you have to pay a huge sum of money to CMDA just for road,water,eb etc apart from the eb deposit, taxes etc. The builders association in chennai has registered a case against the CMDA questioning why the money has to be paid to the CMDA, because they are laying the roads, facilities etc... This case is going on. If this case turns on favour to builders, then they dont have to pay money. If this case turns on favour to CMDA, they said that they will pay the money and get the approval.
The homebay marketing guy (velu) said there is no problem in EC, etc at all.
They have all the approvals in place and then only they are starting the construction work...
He said he is ready to give all the documents for verification, once we agree to go for sale agreement.
Why dont we find the forum of "green acres" - last apartments constructed by plaza builders. So that we can get the experience of the existing customers???
BTW, I visited the green acres apartments by plaza., it was nice and good ...
Regarding the partner broke up thing, the home bay sales guy (velu) said that the previous marketing partner has cheated this plaza group builders and looted some money. He said that is the only reason they are looking for professional marketers and they rope in home bay.
The home bay guy velu is very helpful.. Iam planning to get the case number (which he is saying going on) and planning to check it through net...
This is all the information I have....
|# menash134 Post Subject:good news guys.. the case is withdrawn.. Wed Aug 26, 2009 01:48 PM|
|just go through these links, which gives the idea that our construction site is cleared from everything...
"search for : virgo realtors --- name of builder
shyam prasad- name of MD
area - koilambakkam (some cases it is misspelled in the below site) or kovilambakkam
I just got good news, just go through the below article....
The court case which I mentioned earlier was withdrawn by the builders...
So, NOW CMDA approval should be very easy for our site...
|# kprakashfca Post Subject:Discussion on Plaza Tranquil AcresThu Aug 27, 2009 10:33 AM|
Though i booked a flat , i decided to take back my cheque, as i found the cost worked out to about Rs.3700/- sft considering actual area you are getting in comparison to sold area as well as add ons and completion time of the project. Not sure if you would get back your investment at the end of the construction, with the slump in construction industry. Happen to meet the promoter Shayam, nice guy, honest and frank.
|# chander.harikesavan Post Subject:Discussion on Plaza Tranquil AcresMon Sep 07, 2009 05:51 AM|
|I had been to this site last week and the foundation work was going on. I have booked a double bed room apartment but not done any registration or gone into any agreement yet. Just paid the advance and waiting for CMDA approval. I spoke to Velu and he said they would be getting the approval in one weeks time. Currently foundation work was going on. 2 double bedroom block and 3 triple bedroom block foundation work had started.
|# menash134 Post Subject:Discussion on Plaza Tranquil AcresTue Sep 08, 2009 03:22 AM|
Hope you remember me .Nice to meet you at the site..
According to me, just now the case is withdrawn and lot of builders have been applied for the Approval. And too, there was a discussion between CREDAI members and Stalin to reduce the amenity charges, once that was done. It should be easy cake for us..
I think it will take a month or so to get the approval.
Yeah, I agree, construction was going good..
|# menash134 Post Subject:Discussion on Plaza Tranquil AcresWed Sep 09, 2009 05:57 AM|
|please join us in sharing more information/discussion/views/plans, so that we
can be very vigilant while purchasing with our hard earned money.
I request you all guys to inform in the discussion group website whenever you
are planning for registration (ie. after CMDA approval).
If there is any criteria that has to be changed in the registration document
which we are not comfortable etc.. It shall be made visible to the builder only
if we go in groups for registration.
Iam planning for a private group.
I request all the guys who are actually interested in this property to
acknowledge to join the private group, so that we can form a separate private
group, as this group is very old and it is public.
|# deivathai2009 Post Subject:Discussion on Plaza Tranquil AcresWed Sep 09, 2009 03:24 PM|
Finally the foundation work has started, anyway I have decided to take the cheque back, going with another builder who is handing over the flats in October in the same vicinity area. Good luck all others.
|# menash134 Post Subject:good news just pouring in...Thu Sep 10, 2009 07:04 AM|
|so, probably next month, we all can go for agreement/registration.
|# chander.harikesavan Post Subject:Discussion on Plaza Tranquil AcresSat Sep 12, 2009 07:26 AM|
Yes I do remember you. Nice knowing you. I have a question. is it advantageous to do the registration earlier? I heard big guys like dlf and others do registration at the later stage. Is there any specific advantage of doing the registration earlier other than the risk of registration charge/guideline value going up? what is the general practice?
|# menash134 Post Subject:Discussion on Plaza Tranquil AcresMon Sep 14, 2009 09:52 AM|
I am not an expert at this, as it was my first home.. General practice.. I really dont know...
I enquired velu, will there be any surprise price change than it was committed to us? He said strictly no.
I believe that the registration charge can go up once the guideline value is revisited.. Guide line value might be revisited once the road is named and bridge is open..(this is my guess)
May I request you to enquire your cousin who already booked the flat in serene acres???
|# chander.harikesavan Post Subject:Discussion on Plaza Tranquil AcresWed Sep 23, 2009 01:52 PM|
I had been to site this week and many building foundation work are in progress.
Last-Updated by : chander.harikesavan on Sat Sep 26, 2009 12:21 PM
|# Patrick.A.Philip Post Subject:Discussion on Plaza Tranquil AcresWed Oct 07, 2009 09:37 AM|
I'm planning to buy an apartment in Tranquil acres. Does anyone if there are apartments still available and what's the rate per SQFT? I tried in vain to contact Mr.Velu from Homebay. Any help will be appreciated.
Last-Updated by : Patrick.A.Philip on Wed Oct 07, 2009 09:38 AM
|# chander.harikesavan Post Subject:Discussion on Plaza Tranquil AcresThu Oct 08, 2009 12:15 PM|
|Patrick, if you are unable to reach Velu, try reaching Rajeev 9840289998. current rate that they quote is 3500 rs /sqft. Availability you need to check with them, as I dont think their site is upto date
|# aniruddhp09 Post Subject:Discussion on Plaza Tranquil AcresSat Oct 10, 2009 05:00 AM|
This is my first post. I have also booked the apartment by just giving the booking advance. Can we process further to sign the aggrement since they have got the CMDA approval? Has anybody already signed the sale deed agreement? Pls share ur thoughts.
|# anachmanian Post Subject:Sale Deed/Construction agreementSat Nov 07, 2009 02:44 PM|
I came to know about the project last month and have booked a 2 bdr. Have you all already signed the sale deed agreement?
|# sundar3084 Post Subject:Discussion on Plaza Tranquil AcresMon Nov 09, 2009 02:34 PM|
I have booked by Apartment by paying 10% of the amount and yesterday i got a letter from Plaza team, regarding the Date of UDS registration and at the time of registration, we need to pay 35%.
They are also giving the CMDA plan copy of our apartment, I personally went to the office and collected it from a women named Nirmala. She said for the Bank purpose, they are creating a master Copy of the plan and they told that they will be giving the APF number for the same so that te bank can view the master copy with this APF number.
|# chander.harikesavan Post Subject:Reg LoanTue Nov 10, 2009 12:26 PM|
Has anyone taken loan from SBI for this property. If yes pls provide the bank contact details and which branch you took the loan.
|# dearchandu Post Subject:Discussion on Plaza Tranquil AcresMon Nov 16, 2009 05:14 PM|
Had any one been to the site during rains? I could not visit the location during the hevay rains. Just wanted to know how is the water logging.
|# chander.harikesavan Post Subject:Discussion on Plaza Tranquil AcresWed Nov 18, 2009 12:39 PM|
|I had been to the site on 8th. as well as 15th. The work did not happen on those days (they used to work on sundays too). however the site was not water logged. Obviously it was not drivable or walkable due to the mud and rain water, but water was not logged in the site. To my knowledge all the excavations are closed and foundation is raised high to the ground level.
Did anyone else go to the site over weekend?
|# dearchandu Post Subject:Discussion on Plaza Tranquil AcresThu Nov 19, 2009 04:52 PM|
|Thanks Chander. By the way, Has any one completed UDS registration?
|# harikrishnanrajeev Post Subject:Discussion on Plaza Tranquil AcresFri Apr 23, 2010 04:46 AM|
|Friends, what is the current status of Tranquil acres ?. Are u satisfied with the proceedings ?.
|# vsaraspriya Post Subject:Discussion on Plaza Tranquil AcresMon May 17, 2010 06:05 AM|
|Last week we had a visit to the site..proceedings are good....second phase is yet to start...does anybody know the rate per sq.ft in the second phase currently?
|# dearchandu Post Subject:Discussion on Plaza Tranquil AcresSat Jun 12, 2010 04:02 AM|
|Phase 1 progress is good. Current price of Phase 2 is Rs 3500 per Sq ft
Last-Updated by : dearchandu on Sat Jun 12, 2010 04:02 AM
|# sathishchak Post Subject:Discussion on Plaza Tranquil AcresFri Jul 16, 2010 12:05 PM|
I had a view Phase-2 of tranquil acres, now they are saying Rs 3750/Sq.ft seems to be costly. kindly confirm
|# tanand27 Post Subject:anandMon Aug 23, 2010 12:44 PM|
|what is the present rate of thus flat
is there any upcoming project in that 200 feet road
|# arunprasad79 Post Subject:Discussion on Plaza Tranquil AcresThu Nov 25, 2010 04:48 AM|
I have booked a 2 bedroom flat in phase - ii. I am told sale deed in original will be given directly to the bank from which I have taken loan and a copy will given to me. I am also told that even for One who buys the flat in Cash, Sale Deed in original will be given post the Handover Date. My query is "Why not the Original Sale Deed be given to the purchaser as soon as it is obtained from the Registrar" be the flat bought through Cash or Loan?
Last-Updated by : arunprasad79 on Thu Nov 25, 2010 04:49 AM
|# ps.venkatesh Post Subject:Discussion on Plaza Tranquil AcresTue Nov 30, 2010 04:07 PM|
Last-Updated by : ps.venkatesh on Tue Nov 30, 2010 04:10 PM
|# pravat.kundu Post Subject:Post Subject:Discussion on Plaza Tranquil AcresSat Oct 01, 2011 01:17 PM|
|Be careful to the Homebay guy who are doing marketing for plaza group,They do lots of false commitment to the customer ,before buying anything from plaza pls meet there MD shyam and discuss with him you can get clear picture.
|# thiru.vetti Post Subject:Discussion on Plaza Tranquil AcresSat Feb 25, 2012 09:25 PM|
|think twice.. i guess due to the hype created by over excited customers like us, they are now charging 3995 per. sqft and also the flats dont look worth that much.. 50 L for a 3 bhk.. just becos its close to 200ft road.. wow.. too ambitious.. i understand a 10-15 unit buider charging so much since he wants max profit out of mimuinum house.. but plaza need not be so greedy to charge 400 more than what others charge.. they can take home a huge purse even with 3.5K..
But this is just me.. now ppl are still queuing up, blindfolded , for this proj.. who knows in 2 montsh he will make it 4.2K.. Nice thinking ppl..
|# gobinathbangalore Post Subject:NEED SOME HELPFULL INFO FROM PPL Sun Jul 29, 2012 07:17 PM|
|I am willing to buy a flat in Plaza Tranquil acres , when i approached the marketing ppl they coated 4750 persquare feet for phase I C block and handover is after 4months, so can any one help me with what is the actual price i can bargain for ??? Please let me know 9789862858 ,email@example.com
|# ElKrishna Post Subject:Need info on Life span/ water supplyMon Nov 26, 2012 04:48 PM|
|Gobinath did you book the flats ? and if you did whats the SQFT price that you paid.
I have the following questions on the apartment
1. they have mentioned the life span of this apartment to be just 20 years normally it will be 30 years?
2. The source of water are just the two well near by and the lake will that be sufficient when the apartment is fully occupied ?
3. There is no over head tank facility how does the water supply to individual house work?
|# m.gokulakrishnaa Post Subject:Discussion on Plaza Tranquil AcresFri Dec 07, 2012 05:30 AM|
|Hi, Any one is interested to re-sale flat @Plaza Tranquil. pls. do update. 8939034700