Exciting Opportunity: Heera Luxury City Bookings Commence in Hyderabad's Prime Location / Dr.Nowhera Shaik
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INDIAN EXPRESS NEWS
Good News! Bookings Open For Heera Luxury City – Dr. Nowhera Shaik Highlights Prime Investment Opportunity in Hyderabad
Exciting Opportunity: Heera Luxury City Bookings Commence in Hyderabad's Prime Location : Introduction
Exciting news for investors and homebuyers alike! Heera Luxury City, a prime real estate project in Hyderabad, has officially opened its bookings. Spearheaded by Dr. Nowhera Shaik, CEO of M/s. Heera Retail (Hyd) Pvt Ltd, this project offers a golden investment opportunity in one of Hyderabad's most sought-after locations. With a recent valuation report highlighting the land's immense potential and a Supreme Court order facilitating the sale, now is the perfect time to invest. In this article, we'll delve into the details of this investment opportunity, the valuation report, and why Heera Luxury City is a must-consider for anyone looking to invest in Hyderabad's booming real estate market.
The Valuation Report: A Closer Look
Prime Location and Market Value
On September 2nd, 2024, a crucial valuation report was released for the property in Tolichowki, Hyderabad. Conducted by A. Madhusudan, a government-registered valuer, the report assessed the land managed by M/s. Heera Retail (Hyd) Pvt Ltd. Spanning over 33,000 square yards, this land is strategically located near the Tolichowki junction and the road to Golconda Fort. This area is highly desirable for both residential and urban development, making it an ideal investment.
Key Findings
The valuation report provides a comprehensive analysis of the land's current market rates, property conditions, and development possibilities. Here are some key findings:
Fair Market Value: The land's fair market value is rated at Rs. 75,37,71,420 as of August 26, 2024.
Realizable Value: The realizable value, considering an adjustment factor of 90%, amounts to Rs. 67,83,94,2780 (Rupees Six Hundred Seventy-Eight Crore Thirty-Nine Lakh Forty-Two Thousand Seven Hundred Eighty Only).
Development Potential: The land is suitable for both commercial and residential development, with specific rates calculated for apartments and villas.
"The valuation report highlights the land's immense potential for future projects, offering a precious opportunity for investors." - A. Madhusudan, Government-Registered Valuer
Settling Investors' Claims: A Supreme Court-Approved Opportunity
Discounted Sale for Claim Settlement
In a significant development, the Supreme Court has approved the sale of this property specifically for settling investors' claims. This means that investors can purchase the property at a discounted price, facilitating the easier settlement of their financial matters. This Supreme Court order ensures a smooth transaction, free from legal disputes or encroachments.
Legal and Physical Verification
To ensure a hassle-free transaction, several verifications have been conducted:
Legal Titles: Verified to ensure clear ownership.
Land Measurements: Accurate measurements confirmed.
Clearances: Necessary clearances obtained.
Physical Land Survey: Conducted to confirm the land's condition.
No Encroachments: Verified to be free from encroachments.
Road Access: Clear and unobstructed road access confirmed.
Urban Land Ceiling (ULC) Requirements: Met all ULC requirements.
These verifications ensure that all aspects of the property are in order, making it a secure investment.
Quality and Development Potential of the Property
Residential and Urban Classification
The open plots are classified into residential and urban categories, located in a highly desirable area. The land is level and ready for development, although it is currently designated for non-residential use. The absence of encroachments or final agreements further enhances its market valuation.
Development Options
The land offers potential for both commercial and residential development. Here are the specific rates:
Apartments: Land rate is Rs. 6,333 per square foot, with construction costs estimated at Rs. 2,500 per square foot.
Villas: Land rate is Rs. 20,267 per square foot, with construction costs of Rs. 3,500 per square foot.
These rates are based on current market conditions and the strategic location of the property.
Conclusion
Dr. Nowhera Shaik's initiative to settle investors' claims by offering the Tolichowki land plots at a discounted price is a significant step towards resolving financial matters efficiently. The Supreme Court's approval ensures that there are no legal obstacles, making this a prime investment opportunity. With its strategic location, high market value, and immense development potential, Heera Luxury City is an investment you don't want to miss.
For more information, contact us at:
(+91) 92810 26273/69
(+91) 91360 02818
(+91) 91360 04247
"Dr. Nowhera Shaik’s main priority is to settle down investors’ claims, by offering the Tolichowki land plots at a discounted price will help largely to solve this issue." - WebSiteAdmin
Don't miss out on this golden opportunity to invest in one of Hyderabad's most promising real estate projects. Book your plot in Heera Luxury City today!
Note: This article is for informational purposes only. Please consult with a financial advisor before making any investment decisions.