Need suggestion from Real Estate Experts

[pillirevanth]

Gachibowli lo most of the apartments lo Paying Guest/Hostel model businesses full hot hot ga undi.
Akkada unna chala Buildings ki GHMC approval only 2 floors ke undi. But they constructed 4 floors, each floor has 2 2-BHK flats, 4 rooms in Ground floor(parking area) and 4 rooms on top of 4th floor. They applied for BRS anta as they constructed above permit level kaabatti. Still awaiting for approvals.

There are 4 partners and one of the partner(A) we know very well and migatha vallu parichayam ledu but from same village. Chits vesukunte "A" ki 3rd floor vachindi. "A" bank loan apply chesukoni approve ayinaaka registration kuda chesukunnadu with the help of broker.. In the registration, its clearly mentioned that Flat # 301 and third-floor ani. Partners had a mutual agreement that, in future if the govt dismodule 3rd and 4th floors by rejecting BRS request, then all partners should devide 1st and 2nd floor flats.

NE Corner building, 
Close to main road, 
good rental income(total 2 lakhs/month), 
3.2 crores total

Now, "A" ki money avasaram ayyi 3rd floor sale chestha antunnadu. We know "A" very well and he just made registration 2 months back and we are aware of this sale.
For me total 80 Lakhs investment
50K Rental income
i have 60 Lakhs cash and will go loan for 20 lakhs.

Is it good to buy.? What all the factors i need to consider.?? Worst case lo 80 Lakhs petti 2-BHK teesukunna anukovachu.

[babu_bangaram]

nope bad investment

[tom bhayya]

50k rent kaduthunnada 2 bhk ki 

[k2s]

13 minutes ago, pillirevanth said:

Gachibowli lo most of the apartments lo Paying Guest/Hostel model businesses full hot hot ga undi.
Akkada unna chala Buildings ki GHMC approval only 2 floors ke undi. But they constructed 4 floors, each floor has 2 2-BHK flats, 4 rooms in Ground floor(parking area) and 4 rooms on top of 4th floor. They applied for BRS anta as they constructed above permit level kaabatti. Still awaiting for approvals.

There are 4 partners and one of the partner(A) we know very well and migatha vallu parichayam ledu but from same village. Chits vesukunte "A" ki 3rd floor vachindi. "A" bank loan apply chesukoni approve ayinaaka registration kuda chesukunnadu with the help of broker.. In the registration, its clearly mentioned that Flat # 301 and third-floor ani. Partners had a mutual agreement that, in future if the govt dismodule 3rd and 4th floors by rejecting BRS request, then all partners should devide 1st and 2nd floor flats.

NE Corner building, 
Close to main road, 
good rental income(total 2 lakhs/month), 
3.2 crores total

Now, "A" ki money avasaram ayyi 3rd floor sale chestha antunnadu. We know "A" very well and he just made registration 2 months back and we are aware of this sale.
For me total 80 Lakhs investment
50K Rental income
i have 60 Lakhs cash and will go loan for 20 lakhs.

Is it good to buy.? What all the factors i need to consider.?? Worst case lo 80 Lakhs petti 2-BHK teesukunna anukovachu.

Stay away

[Vallavan]

oddu bava tappu

[snoww]

Quote

Partners had a mutual agreement that, in future if the govt dismodule 3rd and 4th floors by rejecting BRS request,

Never seen that happen to residential properties. Majority ade chestharu. 

bribes isthu manage cheseyyochu life long approval raaka poyina. 

[snoww]

Just now, snoww said:

Never seen that happen to residential properties. Majority ade chestharu. 

bribes isthu manage cheseyyochu life long approval raaka poyina. 

But it might be hard to resale such properties in future

[krishna0125]

1 hour ago, pillirevanth said:

Gachibowli lo most of the apartments lo Paying Guest/Hostel model businesses full hot hot ga undi.
Akkada unna chala Buildings ki GHMC approval only 2 floors ke undi. But they constructed 4 floors, each floor has 2 2-BHK flats, 4 rooms in Ground floor(parking area) and 4 rooms on top of 4th floor. They applied for BRS anta as they constructed above permit level kaabatti. Still awaiting for approvals.

There are 4 partners and one of the partner(A) we know very well and migatha vallu parichayam ledu but from same village. Chits vesukunte "A" ki 3rd floor vachindi. "A" bank loan apply chesukoni approve ayinaaka registration kuda chesukunnadu with the help of broker.. In the registration, its clearly mentioned that Flat # 301 and third-floor ani. Partners had a mutual agreement that, in future if the govt dismodule 3rd and 4th floors by rejecting BRS request, then all partners should devide 1st and 2nd floor flats.

NE Corner building, 
Close to main road, 
good rental income(total 2 lakhs/month), 
3.2 crores total

Now, "A" ki money avasaram ayyi 3rd floor sale chestha antunnadu. We know "A" very well and he just made registration 2 months back and we are aware of this sale.
For me total 80 Lakhs investment
50K Rental income
i have 60 Lakhs cash and will go loan for 20 lakhs.

Is it good to buy.? What all the factors i need to consider.?? Worst case lo 80 Lakhs petti 2-BHK teesukunna anukovachu.

you will not get loan for illegeal construction. Normally BRS will be approved every few years. and mostly already constructed and living space in demolish cheyaru only new vatimedha padatharu..

But you should negotiate the price to 60lakhs

[Fire0007]

Govt needs money for various free schemes that will continue for another 20 years in TG and AP.

A lot of people build houses without permission and then take advantage of LRS/BRS schemes and regularize the properties when such schemes come up. Nowadays the town planning is very active and wants all permissions upfront and there is regular inspection until the time you receive the door number.

I suggest you should get the door number first before building the other 2 floors. Once you have the door number you can negotiate better terms with local town planning officials and pay the regularization amount for the rest of the floors.

 

[tom bhayya]

12 minutes ago, snoww said:

Never seen that happen to residential properties. Majority ade chestharu. 

bribes isthu manage cheseyyochu life long approval raaka poyina. 

dora ki thelisthey baldhia ni lepeysi minster chethilo pedatha antaadu gammunundavay

[Hydrockers]

Stay away 

[snoww]

49 minutes ago, tom bhayya said:

dora ki thelisthey baldhia ni lepeysi minster chethilo pedatha antaadu gammunundavay

Thappadu bro TG lo.

AP lo vunnattu world's best corruption free real time governance dash board ledu maaku. 

[idibezwada]

Risky

[meandhrakurradu]

How much is actual market price ? 

If same, then what is the use of this risk 

[ekunadam_enkanna]

3 hours ago, pillirevanth said:

For me total 80 Lakhs investment
50K Rental income
i have 60 Lakhs cash and will go loan for 20 lakhs.

50k * 12 = 6L, 10% of 60L. Not a good investment based on numbers, unless this property can appreciate 10% a year.