Heera Luxury City, part of the Heera Group, has brought an exceptional real estate investment opportunity in its land in Tolichowki, Hyderabad. This land, is available for selling at a unignoreable discounted rate exclusively for Heera Group family members, and also the investment opportunity is open for all who want to own a precious piece of land. Also , Big breaking is Supreme Court’s recent approval for the sale of the land specifically to settle investors claims. Approval of court ensures that the property can now be sold without any legal obstruction. Dr Nowhera Shaik has offered the land at a discounted price to the investors for easy settlement of claims, also making it an attractive opportunity for investors to invest on the land.
On September 2nd , 2024, A. Madhusudan, a Government Registered Valuer specializing in immovable property, issued a detailed valuation certificate for M/s. Heera Retail (Hyd) Pvt Ltd. The valuation, performed on behalf of the company and represented by its CEO, Dr Nowhera Shaik, concerned to open plots located in Tolichowki, Hyderabad. This article provides depth overview of the valuation process & valueable information about the piece of land.
Land Insights
The property is in Town Survey Nos. 12, 13, 14, & 15/1, Block M, Ward No. 13, Tolichowki, Hyderabad, Telangana – 500 008. Mentioned area is very well connected, approximately 1 kilometer from the Tolichowki junction and 0.8 kilometers from the road towards Golconda Fort. The site is situated at a place on proposed 80′ road taking towards to 7 Tombs, big advantage due to its ease of access.
The total land area under view is 33,060.15 square yards (27,642.50 square meters). This property is classified as residential and urban, making it ease for various types of development. The land is level and currently selected for non-residential use, but it holds potential for future commercial & residential projects. Also , many key documents were reviewed such as Sale Deed No. 5479 of 2015 , Demarcation Report & Various utility bills.
Land Worth
The valuation of Heera Group’s property, based on Sale Deed No. 5479 of 2015 and current market rates, is Rs. 75,37,71,420 as of August 26, 2024. However, the property’s realizable value is estimated at Rs. 67,83,94,2780 (Rs. 678.39 Crores), reflecting its high demand and prime location.
To ensure successful development of the property, it’s important to follow these steps: verify the legal status, conduct a physical survey, and obtain all necessary certifications. Buyers should check for any legal issues or encroachments, confirm land measurements, and ensure there is clear road access to avoid any problems.
Heera Luxury City Property Overview
The valuation process for the Heera Luxury City property incorporates current market rates, which vary depending on the location within Hyderabad. For interior locations, the rate is approximately Rs. 1.52 lakh per square yard. However, properties situated on main roads can command rates up to Rs. 3.04 lakh per square yard. For this specific property, an average rate of Rs. 2.28 lakh per square yard has been used to determine its value. This average is reflective of recent transaction values, which have reached as high as Rs. 3.10 lakh per square yard on main roads. The adopted valuation of Rs. 2.28 lakh per square yard results in a total land value of Rs. 753,77,14,200 (Rupees Seven Hundred Fifty-Three Crore Seventy-Seven Lakh Fourteen Thousand Two Hundred Only).
The land is classified as household or residential and urban, located in a highly sought-after area. It is level and ready for development, although it is currently designated for non-residential use. The absence of reported encroachments and final agreements further supports its positive market valuation, making it a highly attractive investment opportunity.
Know The Price Dr Nowhera Shaik Offers
Dr Nowhera Shaik, sets a specific amount to buy lands in Tolichowki, Hyderabad, with land prices ranging from a minimum of Rs. 5 lakh to a maximum of Rs. 5 crore. This pricing is designed to protect from any fraud activities and safeguard the interests of land buyers, as there have been many attempt by evil individuals to defame Heera Group through their organized fake buying and selling attempts.
Also, to stops these fraud activities and to make sure transparent transaction process, Heera Luxury City has taken the selling process into its own hands, by maintaining control over the sale and protecting the buyers interest.
Coclusion
Seeing the details and insights into the land, including its prime location and favorable valuation , its market price , this property truly catches eye and standsout brings best investment opportunity. With Dr Nowhera Shaik, a well known businesswoman worldwide, interest in the property is likely to accelerate significantly the buying may hype very fast. The combination of strategic location, solid market valuation, and Dr Nowhera Shaik’s reputation and her involvement suggests that this could be a high-speed investment deal that investors will not want to miss.
