Need suggestion from Real Estate Experts

[meandhrakurradu]

4 minutes ago, ekunadam_enkanna said:

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

60 lakhs ki monthly 50k rent is very good. You will not get that much normally. 

[phatposts]

Too many fragile factors unnayi kada. Regularize avvaledu kabatti - konna tarvata daanni regularize cheyyataniki enta kharchu pettalo did you factor in ?

Overall 80L meeda 50K rent vastunte you are pretty much getting bank interest. Basically you are hedging completely against the property appreciation value. You can consider that if it were to be a single family home or something like that. I agree such rent is not possible in a residential property. For me the risk outweighs the reward in this case. 

 

[trent]

waste

[pillirevanth]

18 hours ago, tom bhayya said:

50k rent kaduthunnada 2 bhk ki 

2 quantity 2-BHK ki. Inka vere apartment building lo inka ekkuva vastundi..

[pillirevanth]

17 hours ago, snoww said:

But it might be hard to resale such properties in future

I was thinking the same.

[pillirevanth]

17 hours ago, krishna0125 said:

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

Price negotiate cheyadam kudaradu.. nenu 80 ki vaddu ante 90 petti teesukune vallu unnaru, antha craze undi akkada..

Though it is illegal, Registar ni manage chesi 3rd floor ni registration chesi legal documents techindu broker.. With that registration Bank loan kuda vachindi..

Yeah BRS mostly approve avtadi, even approve kaakapoina it is completely residential area, so no one having issue with it.

[pillirevanth]

17 hours ago, Fire0007 said:

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.

 

construction em ledu, already 3rd and 4th floors construct ayyi unnayi.. 3rd floor lo door no kuda undi registration lo as Flat#301 ani..

[pillirevanth]

15 hours ago, meandhrakurradu said:

How much is actual market price ? 

If same, then what is the use of this risk 

Now i am paying 80 Lakhs for 2 2-BHK flats and rental income is 50K my share for together 2 2-BHK flats.

In order to buy 2-BHK flat in Gachibowli area, you should pay min of 70 Lakhs and rental income might be 15-20K hardly..

[dalapathi]

 

[snoww]

1 minute ago, pillirevanth said:

construction em ledu, already 3rd and 4th floors construct ayyi unnayi.. 3rd floor lo door no kuda undi registration lo as Flat#301 ani..

Resale seyyatam kashtam if you need money urgently until the issue gets resolved.

just rental income kosam ite you can take the risk. But even rent amount doesn't look very impressive. It is just normal as commercial rents. 

[pillirevanth]

14 hours ago, ekunadam_enkanna said:

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

@ekunadam_enkanna

Yup Property appeciate avtadi entho kontha. Why you are saying 10% of 60L is not a good investment.

What all the other routes to get more than 10% returns per year.?

[pillirevanth]

14 hours ago, phatposts said:

Too many fragile factors unnayi kada. Regularize avvaledu kabatti - konna tarvata daanni regularize cheyyataniki enta kharchu pettalo did you factor in ?

Overall 80L meeda 50K rent vastunte you are pretty much getting bank interest. Basically you are hedging completely against the property appreciation value. You can consider that if it were to be a single family home or something like that. I agree such rent is not possible in a residential property. For me the risk outweighs the reward in this case. 

 

@phatposts

Yeah Regularize ki entha avtado not sure, and i don't have contacts to get that figure.

80L meeda 50k rent vachina andulo 20 Lakhs loan so oka 20K interest ki poina, i might get only 30K.

Konchem Risk aithe undi, i agree that.

[meandhrakurradu]

1 hour ago, pillirevanth said:

Now i am paying 80 Lakhs for 2 2-BHK flats and rental income is 50K my share for together 2 2-BHK flats.

In order to buy 2-BHK flat in Gachibowli area, you should pay min of 70 Lakhs and rental income might be 15-20K hardly..

so for the price of 1 2BHK, you are getting 2. and rent kuda 50k.

If you think you have enough clout to manage the legal issues, this is very good deal.