Shriram Park 63

Shriram Park 63 has its address at Vengavasal, Chennai 600073, in the belt that grew up along GST Road in the south of the city. GST Road is the main artery heading south-west towards Tambaram, and it will carry most of your trips, whether you drive, take a cab or ride a bus. The developer has not published distances to specific offices, stations or schools, so none are quoted here.

Tambaram is the nearest large town centre, and it is where you would go for bigger shopping trips, hospitals and a wider choice of schools. The airport is also reached by road along this side of the city. Check both journeys at the times you would actually make them.

For daily needs, the retail spaces inside the project cover small errands. The co-working space means some days you may not commute at all. When you do, time the drive from the gate to your office on a weekday morning and again on the way home, because traffic on GST Road varies a great deal by hour.

Shriram Park 63 has four layouts available, all quoted as built-up area.

• 2 BHK: about 1,125 sq ft, Rs. 55 Lakhs
• 2.5 BHK: about 1,405 sq ft, Rs. 72 Lakhs
• 3 BHK: about 1,805 sq ft, Rs. 88 Lakhs
• 3.5 BHK: about 2,140 sq ft, Rs. 1.06 Crore

Carpet areas have not been published, so ask for them.

Divided by size, those prices come to about Rs. 4,900 per sq ft for the 2 BHK and 3 BHK, about Rs. 5,100 for the 2.5 BHK and about Rs. 5,000 for the 3.5 BHK. Because the homes are built, you can judge light, view and noise in the exact flat before you negotiate.

A finished home with an occupancy certificate carries no GST. Stamp duty and registration apply to every purchase. Ask for a cost sheet that shows:

• Base price and the area it is charged on
• Floor-rise or facing premium on your unit
• Car parking and the number of bays included
• Clubhouse fee and maintenance deposit
• Stamp duty and registration on the full value

Shriram Park 63 has no RERA number published by the developer. Ask Shriram Properties for it and look it up on the Tamil Nadu RERA (TNRERA) portal before you pay anything. The entry names the promoter and shows the approved plan and declared completion, which should match the flat you are shown.

Since the towers are finished, this is a ready-home purchase. Ask for:

• Occupancy certificate for your tower
• Approved building plan showing your unit
• Title documents for the land and an encumbrance certificate
• Latest property tax receipt and the khata or tax assessment
• A draft sale deed to read before registration

If you are buying from an earlier owner, add that owner's registered sale deed and a no-dues letter from the residents' association. If the seller has a home loan, the bank must release the original documents first. At handover, register the sale deed and have the property tax record moved into your name.

Shriram Park 63 is made up of two 13-floor towers, and everyone who lives here uses the same clubhouse and grounds. The developer has not published an open-space share, so ask for the site plan and walk the grounds. Brochure images are renders as planned by the developer; since the project is complete, compare them with what was built.

A morning here could start on the jogging and skating track, then move to the gymnasium or a swim in the pool. On a work-from-home day, the business centre and shared work area give you a desk and a meeting room without a commute. Children can use the kids' play area after school, and indoor games cover a wet afternoon.

Evenings and weekends have their own spaces. The outdoor courts suit a game with neighbours, and the amphitheatre hosts community events. A mini theatre covers film nights, and the large party area takes birthdays and family functions. Retail spaces on site handle small errands. Before you buy, ask what the monthly maintenance charge is and what it covers.