45 acres in ECR for Sale
ECR
About this Property
A prime 45.46 acre parcel of land is available for sale, situated along the main road in East Coast Road ECR chennai, just before MGM Dizee World and directly opposite VRX Terrace apartment. This expansive tract is comprised of four distinct parcels owned by different landowners, collectively forming a substantial land offering. Strategically positioned on the main thoroughfare leading to MGM Dizee World in Muttukadu, an area renowned for its entertainment activities, this property benefits from excellent access roads, allowing connectivity to Old Mahabalipuram Road OMR within 12 to 15 minutes. Additionally, it offers convenient road access to the ECR beach shoreline. The current market price in this location averages around 2 crores per ground. The landowner is interested in either a joint venture or an outright sale. For a joint venture, the landowner is seeking an advance of 100 crore, with a profit-sharing ratio of 50:50. Alternatively, they are also open to an outright sale at market value.
