Visual Note (Back water & Island property)
Location Highlights
Island property of approx (10 acres + 11 acres = 21 acres) land parcels in the backwaters of River Netravti and the Arabian Sea.
Location has a rich natural cover of flora and fauna, it’s further enhanced by a plantation of Are ca nut and coconut trees.
Proposed location is a privately owned (2 families) freehold property with a clear legal status and possession. It is free from any encumbrance, obstruction or encroachment
Geographical Strength.
o 9 km, 15 min drive from the cities Railway station.
o 15 km, 20 min drive from cities government hospital
o 7 km, 15 min drive from nearest police station.
o 325 km from Bangalore, 300 km from Goa.
Local norms / regulations permit activities/developments which do not pollute the back water which would support developed for Private residential use / Villas, Resort / spa and other commercial activities like medical tourism center, Nature Park, Artist village/institute etc.
No hindrances / obstructions like HT electricity wires, brick kiln, railway lines, canals, gas lines passing over or through the property.
Property is currently equipped with Electricity supply for domestic use from local electricity board (MESCOM). The load / use of electricity can be increased / changed as per requirements of the users.
Permissible built up for the said property as per primary inputs of local norms is a FSI of 2.25.
Development and construction approvals to be taken as per local norms from the local government office.
Proposed base appreciation as per supporting infrastructure, local, demand and supply of similar locations would be > 15 % pa.
Indicative commercials for both land parcels (approx 21 Acres) would be around 6 million US $ plus statutory and consultation expenses.
Investment maturity horizon 3-5 years.
Note :
Approvals like Non Agricultural conversion, clearance of building construction plans etc for the proposed location can be obtained for the buyers from local authorities/government offices at buyers cost and time.
solutions . space @ gmail . com
