21 of 52 homes sold for ₹93.6 cr, 3 still waiting on an agreement. ₹2.10 cr is overdue from 4 buyers, and the 10th floor slab is certified and ready to bill.
Unit availability
26 floors, two homes a floor: A faces OMR and the city, B faces the lake. Prices are agreement values before GST.
- 27For sale₹117.5 cr
- 4On hold₹20.7 cr
- 3Booked, agreement pending₹13.0 cr
- 18Sold, agreement signed₹80.6 cr
21A
4 BHK, city side · floor 21
3,280 sq ft · carpet 2,340 · 2 car parks
- List rate, with floor rise
- ₹15,240 / sq ft
- Discount given
- −₹400 / sq ft
- Agreement value
- ₹4,99,75,200
- Buyer
- Sangeetha Rao
- Channel
- OMR Homes Desk
- Booked
- 28 Aug
- Agreement
- Pending, 61 days
- Billed / collected
- ₹1.50 cr / ₹50.0 L
- Overdue
- ₹1.00 cr
Left to sell, by type
- 3 BHK, city side8 from ₹2.91 cr
- 3 BHK, lake side8 from ₹3.53 cr
- 4 BHK, city side7 from ₹5.04 cr
- 4 BHK, lake side8 from ₹6.23 cr
Bookings
October so far, against the festive target set before Deepavali
2 of 4 homes
₹7.99 of ₹16 cr
Homes booked each month, dashed line is the month’s target
Booking to agreement
86%
18 of 21 bookings signed, 27 days on average
- 21A Sangeetha Rao61 days, over 45
- 12A Deepika Chandrasekar23 days
- 23A Balaji Raghavan11 days
Cancellations this year
2
₹8.60 cr of homes back on sale
- 19A Relocating to Bengaluru3 Jul
- 5B Home loan declined14 Apr
Price realisation
Achieved ₹ per sq ft against list, by floor band. Sold and booked homes, weighted by area.
98.8% of list realised
₹14,765 achieved · ₹14,947 list, per sq ft
ListAchievedList of homes still for sale
Collections
Agreement values before GST. Every demand is due 15 days after it is raised.
₹28.08 cr
billed to 21 buyers so far
- Collected
- ₹24.45 cr
- Overdue
- ₹2.10 cr
- Billed, not yet due
- ₹1.53 cr
Collected against each demand
- Booking95% of ₹9.36 cr
- Plinth89% of ₹9.36 cr
- Slab 577% of ₹9.36 cr
RERA designated account
₹11.92 cr
balance, 70% of every rupee received
- Deposited
- ₹17,11,81,178
- Withdrawn, Form 3
- −₹5,20,00,000
- Can withdraw at 31% built
- ₹10,66,165
Construction-linked plan · 10% on booking, then 10% a stage
- BookingOn booking
- PlinthBilled 12 Mar
- Slab 5Billed 20 Jul
- Slab 10Certified
- Slab 15Feb 2027
- Slab 20Jun 2027
- RoofNov 2027
- BrickworkMar 2028
- FinishesAug 2028
- HandoverDec 2028
4 buyers overdue
| Home | Buyer | Overdue | Late by | Action |
|---|---|---|---|---|
| 21A | Sangeetha Rao | ₹99,95,040 | 46 days | |
| 17B | Abdul Rahman | ₹49,43,880 | 85 days | |
| 24B | Revathi Krishnamurthy | ₹31,71,260 | 85 days | |
| 7A | Anitha Balasubramanian | ₹28,64,120 | 85 days |
Channel partners
Brokerage is 2% of agreement value, payable once the agreement is signed. Last settled 30 Jun.
| Partner | Homes | Avg discount per sq ft | Payable now | Due on agreement |
|---|---|---|---|---|
| Site officeWalk-ins and the Meridian website | 6 | ₹30 | Nil | – |
| Coromandel RealtyT. Nagar | 4 | ₹219 | ₹7.1 L | ₹10.2 L |
| Gulf Tamil HomesNRI desk, Dubai | 3 | ₹250 | ₹7.0 L | – |
| Bayline Property AdvisorsAdyar | 3 | ₹168 | ₹12.5 L | – |
| OMR Homes DeskThoraipakkam | 3 | ₹358 | Settled | ₹15.8 L |
| Anbu & AssociatesVelachery | 2 | ₹223 | Settled | – |
Partners gave ₹239 a sq ft off on average; the site office gave ₹30. Brokerage payable now: ₹26.6 L.