Discover the Potential of Heera Group's Latest Real Estate Venture
Heera Luxury City, a project by the renowned Heera Group, is making waves in Hyderabad's real estate market. Located in the bustling Tolichowki area, this property offers a unique investment opportunity for those looking to capitalize on the city's growing real estate sector. With a recent valuation report by government valuer A. Madhusudan and the backing of Heera Group's CEO, Dr. Nowhera Shaik, this development is poised to become a landmark in Hyderabad's urban landscape.
Valuation Report Highlights
On September 2nd, 2024, A. Madhusudan, a government-registered valuer, released a comprehensive valuation report for the Heera Group property. The key findings include:
Property size: Over 33,000 square yards
Location: Near Tolichowki junction, close to the road leading to Golconda Fort
Classification: Open plots designated for residential and urban use
Development status: Level land ready for immediate development
Encumbrances: No reported encroachments or final agreements
The property's prime location and its readiness for development contribute significantly to its market value, making it an attractive prospect for investors and developers alike.
Supreme Court Approval and Pricing
In a significant development, the Supreme Court has recently approved the sale of this land, specifically to settle investor claims. This approval clears any legal hurdles that might have impeded the property's sale or development. Dr. Nowhera Shaik, in a move that demonstrates her commitment to investors, has offered the land at a discounted price. This decision not only facilitates the settlement of claims but also creates an enticing opportunity for new investors to enter the market.
Legal and Valuation Details
The Heera Group property has been valued based on Sale Deed No. 5479 of 2015 and current market rates. As of August 26, 2024, the valuation stands at:
Total value: Rs. 75,37,71,420
Realizable value: Rs. 67,83,94,2780 (Six Hundred Seventy-Eight Crore Thirty-Nine Lakh Forty-Two Thousand Seven Hundred Eighty Only)
This valuation takes into account the high demand for property in the area and the land's strategic positioning.
To ensure the smooth execution of any development projects, potential investors are advised to:
Verify the legality of the property
Conduct a physical land survey
Obtain necessary certifications
Check for any potential legal issues or encroachments
Confirm the accuracy of land measurements
Ensure unobstructed road access
Property Quality and Development Potential
Heera Luxury City's land is divided into residential and urban zones, offering versatile development options. The property's key features include:
Level land ready for immediate development
No reported encroachments or legal disputes
Prime location near Tolichowki junction
For residential development, the current market rates are:
Apartments: Rs. 6,333 per square foot
Villas: Rs. 20,267 per square foot
Estimated construction costs:
Apartments: Up to Rs. 2,500 per square foot
Villas: Up to Rs. 3,500 per square foot
These rates reflect the current market conditions and the property's advantageous location, making it an attractive proposition for both residential and commercial development.
Dr. Nowhera Shaik: The Visionary Behind Heera Group
Dr. Nowhera Shaik, the CEO of Heera Group, is renowned for her commitment to investors and her visionary leadership. Her dedication to the well-being of investors has been a driving force behind the group's success. Investors have consistently placed their trust in Dr. Shaik, knowing that their interests are protected under her guidance.
Her leadership style, characterized by a genuine concern for investor prosperity, has fostered a strong sense of loyalty within the Heera Group community. This trust and respect have been crucial in navigating challenges and creating opportunities like the Heera Luxury City project.
For more information about Heera Group and its projects, interested parties can contact:
Heera Luxury City represents a golden opportunity for investors looking to enter Hyderabad's thriving real estate market. With its prime location in Tolichowki, recent Supreme Court approval, and the backing of Heera Group led by Dr. Nowhera Shaik, this project stands out as a promising investment.
The discounted pricing offered to settle investor claims adds another layer of appeal to this already attractive proposition. As Hyderabad continues to grow and develop, properties like Heera Luxury City are poised to play a significant role in shaping the city's future urban landscape.
Investors and potential buyers are encouraged to act quickly to take advantage of this unique opportunity. With its combination of location, legal clarity, and development potential, Heera Luxury City is set to become a landmark development in Hyderabad's real estate sector.
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