This property is exactly 1.89 Acres, registered with a Private Limited company M/s. SAAMS CELEBRATIONS & LEISURE PRIVATE LTD. There are two directors for this company Mr. Madhu & Mr. Biju. I represent the individual proprietary firm WAYANAD BLOOMS in Wayanad, engaged in property development and resorts. I have two resorts and several homestay units in Wayanad.
In 2012, Mr. Madhu entrusted my firm to develop their property to have several posh villas and I have taken the layout approval for 11 such units. Soon after the commencement of two villa constructions, both the directors had to leave for the US and one of them had to stay back. Years passed by and the company couldn’t do much marketing and now I am advised to find a genuine buyer for their property with all permits for the project.
This location is the converging point of two wide rivers of Wayanad – Kabini & Panamaram river.
During the last flood time in 2018, water rose only to the plinth level of the villa under construction as the base is well elevated. That was the highest water level ever recorded for Kabini river after the 1924 floods – the highest level on record in Wayanad. That happened since the Government waited till the last minute to open the shutters of Banasura earth dam and had to open up everything together. This year also there is good rain but the control systems are very systematic now as the shutters are moderately opened when the reservoir is 3/4th filled and the river water level is constant downstream.
Photographs of the property and buildings under construction are attached along with a few pages of the marketing brochure prepared during launch time.
Price we are looking is for:
Land : Rs.80,000/- per cent.
Completed villa : Rs.2500/- per SqFt of plinth area.
If a single buyer comes for the entire land of 1.89 Acres with 75% completed 4000 SqFt villa and 30% completed 4000 SqFt villa, THE PRICE WILL BE 2.7 CRORES.