Project Of The Week : Doshi Risington, Chennai
Chennai is gaining prominence as one of the key real estate markets in the country, driven by the growth of industrial and IT sector. The city's real estate market is known for being affordable and handsome returns.
Interestingly, according to a PropTiger Data Labs report, of the total homes sales in the Tamil Nadu capital, the affordable segment accounted for 44 per cent in 2013, and 43 per cent in 2014.
Tapping this growing demand for affordable homes, Group, a known name in Chennai's real estate market, has introduced a project in Chennai named Dosti Risington.
Let us see what all the project has in store for all you home buyers.
The project Doshi Risington is a beautiful residential project that spreads over a land area of 11.5 acre. There are 496 apartment units up for sale, available in four configurations of 1BHK, 2BHK, 3BHK, and 4BHK, respectively. 1 BHK apartments are available in three super built-up sizes ranging from 538 sq ft to 639 sq ft, 2BHK apartments are available in two sizes i.e. 1,024 sq ft and 1,027 sq ft, 3BHK configured apartments is available in 16 different sizes ranging between 1,296 sq ft and 2,686 sq ft, and 4BHK apartments are available 2,815 sq ft size. The first phase of the project will have a cluster of four towers with 19 floors each. The top floors of the towers will have a mix of deluxe penthouses and duplex apartments. Surrounded by a serene environment, Doshi Risington ensures the time spent by the residents while at home will be comfortable and enjoyable.
Moreover, the developer claims to provide more than 50 amenities to residents, which include:
The locality
Doshi Risington is located in Karapakkam, near the famous Old Road. It is a part of Kancheepuram district. The area is a hub of IT parks and business activities, accommodating several domestic and even global companies. The key locational advantages of Karapakkam are:
Infrastructure & future prospects Karapakkam is witnessing rapid development in terms of social and civic infrastructure. Moreover, the area is now one of the most sought after for developers to invest in. Currently, the area has 25 residential projects of which, 13 are ready-for-possession projects, while 12 are under construction and ready for launch. The property price of the area has increased by 13 per cent in the last 24 months. The area will soon have a metro network, too, which would be a boon to the connectivity and also, the real estate market.
The Price The units at Doshi Risington are available at a price of Rs 4,950 per sq ft against the average price of the locality of Rs 4,868 per sq ft. The lowest price of the residential property here is Rs 3,595 per sq ft and the highest is Rs 5,550 per sq ft. Some of the similar neighbourhood projects such as Jain Housing Pebble Brook, Pragati and The Address by Casa Grande are priced at Rs 5,300, Rs 5,100 and Rs 5,900 per sq ft, respectively. The developer confidently claims the affordability of the project and has said to reward the ones who find a similar project at a lower price than Doshi Risington, Karapakkam.
The developer Doshi Housing is one of the premier real estate developers, known for its principles of quality construction. Some of its well-received projects are Lianstephan, Doshi Oriana and Doshi Euphoria.
PropGuide's Verdict
| Parameters | Remarks |
| Project | Good |
| Price | Very good |
| Location | Very good |
| Developer | Good |
Overall recommendations The project is worth investing in as it outshines the competitive prices of the locality, along with being easily accessible.