Heera Luxury City:Introduction
Amid the bustling urban landscape of Hyderabad, an exciting new investment opportunity has arisen. Known for its strategic location and vibrant potential, Heera Luxury City in Tolichowki is now open for bookings. Under the visionary leadership of Dr. Nowhera Shaik, this venture provides a golden chance for investors to secure a prime piece of real estate at a discounted price. This article dives into the details of this opportunity, the valuation of the property, and the key factors that make it an irresistible offer.
Table of Contents
A Promising Valuation Report
On September 2, 2024, a significant valuation report authored by A. Madhusudan, a government-registered valuer, assessed the land managed by M/s. Heera Retail (Hyd) Pvt Ltd. Represented by CEO Dr. Nowhera Shaik, the property spans 33,000 square yards and is strategically located near the bustling Tolichowki junction and the road to Golconda Fort.
Ideal for Residential and Urban Development
- Location Advantage: The location near the Tolichowki junction offers excellent connectivity and accessibility.
- Valuation Insights: The report highlights the current market rates, property conditions, and development possibilities.
- Investor Appeal: The prime location and strategic valuation create a lucrative opportunity for potential investors.
Settling Investors’ Claims: A Supreme Court-Backed Initiative
The Supreme Court has given the green light for the sale of this property, specifically aimed at settling investors’ claims. This ruling undeniably enhances the property’s investment appeal.
Legal and Transactional Assurance
Ensuring a smooth transaction involves several key verifications:
- Legal Titles and Clearances: Verifying the legal titles, accurate land measurements, and necessary clearances.
- Physical Survey: Conducting a physical land survey and obtaining a land sketch from the Revenue Department.
- Encroachments and Disputes: Confirming there are no legal disputes or encroachments on the property.
- Compliance Checks: Ensuring the property meets Urban Land Ceiling (ULC) requirements and is free from government actions like road widening.
Detailed Valuation Report Insights
The property was valued based on Sale Deed No. 5479 of 2015, a Demarcation Report, and current market rates.
Market Value and Realizable Value
- Fair Market Value: Valued at Rs. 75,37,71,420 as of August 26, 2024.
- Realizable Value: After an adjustment factor of 90%, it amounts to Rs. 67,83,94,2780, emphasizing its potential for value realization in a dynamic market.
The Quality of the Property
The open plots are classified as both residential and urban, highlighting their demand and developmental readiness.
Development Potential
- Residential and Commercial Use: Suitable for both commercial and residential projects.
- Construction Costs and Rates:
- Apartments: Land rate of Rs. 6,333 per square foot with construction costs estimated at Rs. 2,500 per square foot.
- Villas: Land rate of Rs. 20,267 per square foot with construction costs of Rs. 3,500 per square foot.
Conclusion
Dr. Nowhera Shaik is dedicated to resolving investors’ claims by offering the Tolichowki land plots at a discounted rate. This Supreme Court-approved sale ensures no legal disputes or encroachments, making it a seamless and attractive investment proposition. Don’t miss out on this chance to invest in one of Hyderabad’s most promising real estate ventures.
For more information, contact:(+91) 92810 26273/69(+91) 91360 02818(+91) 91360 04247Heera Group Back Office
Call to Action
Explore this prime investment opportunity today, and secure your place in Hyderabad’s booming real estate market with Heera Luxury City.
This comprehensive guide underscores the prime attributes and advantages of investing in Heera Luxury City, ensuring a thorough understanding for potential investors while maintaining a friendly yet professional tone throughout.
Note: This article is for informational purposes only. Please consult with a financial advisor before making any investment decisions.
