Sample Report Open Plot

Subscriber Details

Name of the Subscriber: Samba Murthy. Sanapala
Service Subscribed: Property monitoring services
ShelterStock User ID: ABC 123
Next Subscription Due on: 01.02.2020

Property Details

Type: Open Plot
Address: Plot no 99 / Green Meadows / Mopada Village / Bhogapuram Mandal / Vizianagarm Dist / AP.
Size and Facing: 500 Sq.yards (South facing)

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A new compound wall is constructed by the neighbour on north side. The plot is not cleaned and dumped with garbage. Water is getting stagnated and will cost more for landfill if not attended to.
Other developments in the vicinity: One 20 houses apartment foundation stone was laid in the next lane. A new 10-acre venture launched by Laxmi group which is 2 Km further interior to your plot and quoted price is Rs. 4000/-sq.yard. One 20 houses apartment foundation stone was laid in the next lane.

Market Insights

Current running market price as per recent transactions: Rs. 5000 / sq.yard.

Govt. Registration Value: Rs.700 /sq.yard (No change in the last six months).

Current expected price for the property: Appx Rs. 4800/- (Due to south facing).

Expected Price projection in the next half year: Rs. 7500/- due to the sanction of new 100 ft connecting road to NH 44. As per the information work is due to commence in the next 2 months. Tenders were called and work allotment is expected by the month end.

Important government developments in the locality: New cement road laid connecting main road and village. The area side old BT road expansion work is commenced and is getting expanded from 40ft to 80 feet.

ShelterStock Recommendations and Alerts

  • Compound wall with a gate is highly recommended.
  • As infrastructure development is on the move in the locality and compound wall is constructed by the neighbour, land survey and claim for Encumbrance certificate is essential.
  • Retain the property till next year as significant growth in the price is expected.
  • Leading Financial institutions are interested to provide mortgage loan on the property. Indicated interest rate is 10.85% PA.
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