I am in a joint development agreement for the ancestral property of an ancient family, midway Kenichira – Nadavayal. It’s only 150 meters away from the bus stop named ‘Kayyalamukku’ on Beenachy – Panamaram (Sulthan Bathery – Mananthavady via Kenichira) prominent road. There are many inter-district and inter-state buses that operate on this road day and night.
The 3BHK house in the front portion is built with superior quality materials and foundation made for 2 floors. Provision is there within the house for the upper floor access with staircase & headroom already built.
One and a half acres of land is densely packed with high-yielding pepper, coconut, nutmeg and many varieties of fruit trees. The house premises are beautifully decorated with garden plants and space for a shuttle badminton court.
Location on Google map:
Title deeds & Due diligence report
This property is already mortgaged in South Indian Bank and documents will be released on balance payment of loan. However, all necessary updates on revenue department and Panchayat are being done and latest EC, TP, Adangal extract, Possession etc. will be available in 2 weeks time. If the Purchaser prefers to have a loan, the paper works can be initiated prior to registration.
Sale offers in full or part:
(1) First preference is to sell the entire 2.25 Acres of land with the villa for 1.45 Crore (145 Lakhs). Though the prevailing market rate in this location is 60,000/- to 80,000/- per cent, we made the computation at 55,000 for land and 20 Lakhs for the house.
(2) If we are not getting a buyer for the entire property together, we wish to sell the house portion with half acre for 50 Lakhs, calculated at 60,000/- per cent for the land and 20 Lakhs for the house. The remaining 1.75 acres will be offered in full or part at 60,000/- per cent, with a minimum plot size of 40 cents. There will be a common area in the extreme end of the property for everyone to have the common water source. A 10 feet wide walkway also will be left common for everyone to reach this portion and take utility lines through.