TEASER OF SARAVANAMPATTI PROJECT REPORT-COIMATORE  -641035-2025

The History of this subject dates back to 2019, when the Construction plan was duly approved  by the competent authority in Dec 2019. Due to pandemic (Corona) and industrial recession, the project could not be completed in time. In between the project was held up due to paucity of funds also. Now the promoters want to sel the property as is where is condition.

The present position:- 54800 sft of shell and core work done. Besides this water UG sump and nematic pump room the extent of 200000 sft done. One model flat to the extent of 1530 sft civil work completed. Basement filling with gravel is completed. Brick work completed upto the top floor for the stair case area in A block is completed. Brick work up to the stilt floor is completed in Block B.

It comprises of uniquely designed 24 units of 3 Bedroom Luxury Apartments  (each 1600- 1700 Sq.Ft) and 36 2BHK (each 1300 s.ft) for a happy living. 

Total Saleable area is 83404 S.ft. 

Located near Sankara & Kumaraguru Colleges, near KGISL IT Park- Saravanampatti. 

(Project approved by DTCP Coimbatore on 20.12.2019, held up due to the Pandemic Corona during 2020-2021 & REVISED PLAN SUBMITTED ON 20.03.2024 for Approval). 

With its impending completion, this impressive 5-floor edifice is poised to transform the local skyline, proudly standing as a singular landmark within the surrounding landscape. Situated on a strategically located 60 cents land parcel, this architectural marvel will uniquely distinguish itself as the only structure of its kind in the vicinity. 

The building’s stature and sleek design will not only elevate the area’s visual appeal but also set a new standard for development in the region. Its prominence will undoubtedly draw attention, fostering a sense of community and economic vitality. 

Key features of this landmark project include: 

– Unparalleled visibility and accessibility

– Optimal land utilization, maximizing space and functionality

– Contemporary architecture blending aesthetics and sustainability

– Enhanced civic presence, contributing to urban growth 

This iconic building is set to redefine the local horizon, cementing its status as a benchmark for future development and a source of community pride.”

Features

  • Eco-friendly development
  • Four side ventilation
  • No common walls
  • Fully Vasthu compliant
  • 20+ luxury amenities like Swimming Pool, Club House, Gym, Children Play Area, 24/7 Security, Power Back Up, etc
  • Premium materials used for all fittings and building materials.
  • 2 Lifts- Genset
  • All Flats have all side 4 feet wide open to sky for ventilation purpose, which is unique and first time in Coimbatore.
  • Over all 68 car parking.
  • Premium materials used for all fittings and building materials.

Proximity :

  • 7 Kms to Railway Station
  • 12 Kms to Airport
  • Closer to several Public & International Schools, Colleges & Hospitals
  • Located in the IT Hub of Coimbatore with companies like CTS, BOSCH, DELL, SPI, KG & KCT TECH PARKS, ETC

40% CONSTRUCTION COMPLETEED as on date. (June-2024).

The above Project has been designed in 60 Cents of land abetting40 feet road. (Stilt plus five floors).. The Completion is expected by Sep-2026.

PROJECTION ANALYSIS:-

Payment to the Land owners                                 – Rs.7.60 Cr.

Payment required for completion                          – Rs.10.00 Cr.

Payment to completed portion (To Contractor)    – Rs.  3.25 Cr.

Funding required now to take over the property –  Rs. 10.85 Cr.

Bank Loan can be availed from SBI under “Swamy-H” Scheme for completion. We get additional source of funds through from initial Bookings also.

Cost of Funds (@9% interest for 18 months for 11 Cr.) – Rs.1.95 Cr.

Total Project Cost                                             – Rs 23.00 Cr (app.)

SALES: 60 FLATS ( 83404 s.ft X 5500.s.ft).    – Rs.45.87 Cr.

PROFIT :                                                             – RS.23.00 Cr.(app.)

ASSURED ROI TO INVESTORS                        – 35% 

DPR by PRANAV REALTORS-(www.pranavrealtors.in) –

Contact person- L. Ravikrishnan- 98430 56655.

Mail Id:- pranavrealtors19@gmail.com.

*Investment Partners to the tune of 15 Crore, wanted for a Joint Venture Construction of Apartments (60 Flats-5 floors-in 26160 S.ft.-60 cents land) in prime location adjoining I.T.Hub in Coimbatore City, Tamil Nadu, South India.—– 40% construction completed- ROI 35% assured in 24 months– pucca legal documentation — FIRST COME FIRST SERVED—Even small contributions, not less than Rs.One Crore are acceptable.