Recently on September 2nd, 2024, a very important valuation report was released for the property in Tolichowki, Hyderabad. The valuation report was done by A. Madhusudan, the government-registered valuer, for the land managed by M/s. Heera Retail (Hyd) Pvt Ltd and also represented by its CEO, Dr Nowhera Shaik. This land, which spreaded over 33,000 square yards, is located near Tolichowki junction and the road to Golconda Fort.
This area is seen as residential as well as urban, making it ideal for various types of development. The rating of land highlights its possible market value and potential for future projects, offering a precious opportunity for investors. The report tells current market rates, property conditions, and development possibilities, making it a important document for anyone interested in investing in this high-demand area.
Settling Investors , 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.
The Property Can Now Be Sold After Supreme Court Order
For a smooth transaction without any barrier, it’s very important to verify the legal titles, accurate land measurements, and any necessary clearances. A physical land survey and a land sketch from the Revenue Department is also checked. Also there are no legal disputes or encroachments on the property, and confirm that road access is clear and unobstructed. There are also no impacts from government actions, such as road widening, and it is verified that property meets Urban Land Ceiling (ULC) requirements. Following things ensures that all aspects of the property are in order and free from potential issues.
Exact 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.
Know The Quality Of Property
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.
The land offers potential for both commercial and residential development. For apartments, the land rate is calculated at Rs. 6,333 per square foot with construction costs estimated at Rs. 2,500 per square foot. For villas, the land rate is Rs. 20,267 per square foot with construction costs of Rs. 3,500 per square foot. Both development options are based on the current market conditions and the strategic location of the property
Conclusion
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. The discounted sale price is designed to meet the claims smoothly. To ensure successful transactions. After , Supreme court allowing to settle claims by selling Tolichowki property , it is sure their is no disputes or any eroachments upon the land or any legal obstruction which can stop Dr Nowhera Shaik from selling the land.
