Sample Report Apartment Flat

Subscriber Details

Name of the Subscriber: Siva Kumar Varma
Service Subscribed: Property monitoring services
ShelterStock User ID: XYZ 123
Next Subscription Due on: 01.04.2020

Property Details

Type: Apartment Flat
Address: D-603, Trendset Winz, Nanakramguda, Gachibowli – 500008.
Size and Facing: 2400 Sq Ft – East facing

ShelterStock Visit Report

Summary: The upkeep of the flat is quite good. Well maintained with proper cleaning.

  • Electrical Fixtures: Well Maintained
  • Air Conditioning: Well Maintained
  • Plumbing: Well Maintained
  • Painting: Needs a coat in six months
  • Carpentry: Loose handles in the modular kitchen. One Handle of the Wardrobe in master bedroom is missing. Tenant will fix it.
  • Flooring: Well Maintained.
  • Toilets: Well Maintained. Health Faucet in the Children’s Toilet is leaking. Tenant will fix it.
  • Balconies: Well Maintained.
  • Doors: Well Maintained.

Maintenance and Club House Payments: Maintenance payments are up to date. Club House payment of January 2019 is pending. Tenant has communicated that the payment shall be made next week.

Rental Agreement: Due for renewal in three months.

Pest Control: Was done in December 2018. Due in May 2019.

Rentals in the Community: The Ongoing rental in Trendset Winz is ranging between INR 24 – INR 27per Sqft based on the interiors. Your Flat is currently getting a rental of INR 24.

The community is also well maintained. Club House is in good condition with Gym and Swimming pool operational. Club House painting is being done as routine maintenance. No interruptions in Manjeera water supply to the community.

Market Insights

Developments in the Vicinity: Amazon office space is fully constructed and will be occupational in the next two months. Alekhya Homes – adjacent to Trendset is fully sold out and attracting INR 28 per Sqft Rental. Vamshiram’s Sohni towers construction in full swing and will be finished in the next 6 Months.

Important government developments in the locality: The double road connecting to the ORR is fully operational now and all the vehicles are moving freely without entering the Nanakramguda Basti.

Rentals will move up and touch Rs. 30 Per Sqft by April, 2020 mainly due to one Million Sqft becoming occupational in the next 6 months.

ShelterStock Recommendations and Alerts

  • Property Tax is due in April 2019.
  • Meenakshi Apartments project is launched at the ORR junction last week and will be a good investment if bought is the inaugural offer.
  • Commercial space buy in Vamshiram’s sohni opposite to Trendset Winz is also a good buy.
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