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.
Repaying , Claims
The land in Tolichowki, Hyderabad will soon be available for sale at a discounted price for the investors who want to settle their claims. This opportunity wills also allow investors to purchase the property at a favorable rate, allowing easier settlement of their claims. Big breaking is that the Supreme Court has approved the sale of this property specifically for the purpose of settling claims, making it a important and very important investment for those looking to solve financial matters efficiently.
About Land
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.
Discounted Price For Heera Group Family
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.
Details Of Valuation
On the basis of Sale Deed No. 5479 of 2015, a Demarcation Report, and current selling rates, on fair market value of the property has been rated at Rs. 75,37,71,420 as of August 26, 2024. This rating clearly tells the high demand and strategic positioning of the land.
When we evaluate in-depth analysis, the valuation report specifies that the realizable value of the land is higher, amounting to Rs. 67,83,94,2780 (Rupees Six Hundred Seventy-Eight Crore Thirty-Nine Lakh Forty-Two Thousand Seven Hundred Eighty Only). This amount considers an adjustment factor of 90% from the fair market value, telling potential for value realization in a market context.
Current Market Analization
Offcourse the valuation process sees current market rates, which vary depending on the location in the city. For interior locations, the rate is approximately Rs. 1.52 lakh per square yard, but for main roads, it can go up to Rs. 3.04 lakh per square yard. The average rate for the property has been calculated at Rs. 2.28 lakh per square yard. Transactions have shown values reaching up to Rs. 3.10 lakh per square yard on main roads. The valuation adopted an average rate of Rs. 2.28 lakh per square yard, leading to 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 open plots are classified into residential and urban, in a highly demandable area. The land is level and ready for development, though it is for non-residential use. The property does not have any reported encroachments or final agreements. This traits of the property contribute positively to its market valuation subsequently.
