In terms of stock market and the overall global recession, this is an excellent time to invest in Real Estate. We will see prices continue to move upwards over the next couple of years.
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Yes, this is agricultural land and we can build on it, as long as you build a farmhouse within very strict specifications as laid out in our website. Further, the area of your plot has to be over 25 cents. In the normal course of events, most projects that have been attempted in Kodaikanal is planned to have anything between five to ten plots, on one acre of land. By ensuring that no plot is sold for less than 30 cents and by putting some strict eco-conservation practices into place, we are ensuring that the village is ecologically sustainable.

Further, since the land is under cultivation, no natural sholas are being encroached upon for this project.

To help the local farmer, guideline values have been kept at the barest minimum. Hence stamp duty on your plot will be low.

Further, since this is agri land you can expect some return in terms of revenue from fruits and vegetables.

Yes, this is true in many cases. However, we have our lawyers who conducted an actual research at Kodai and they have confirmed the patta etc. are clear of all encumbrances. We would also insist that you have our lawyers to talk to your lawyers for clarifying any doubts and get an independent title deed opinion.

Definitely not.

A detailed contour map of the site has been done, based on which the roads are planned, and only after this different plots are marked. Therefore you will not face such a problem here.

The land will be registered in your name after you have placed 80% of the total cost per acre in the escrow with City Union Bank. The registered land documents will also be handed over to you once the payment has been completed and the infrastructure (roads, street lighting and storm water drains) has been completed. However, in case where the development has already started or in some cases where it is completed, then the customers who come in later are asked to pay what the other customers have already paid. This could vary from 80% to 100% depending on the status of the infrastructure development on site.

Yes, this is true.

Your money is 100% safe, since it is placed in an escrow with the City Union Bank and is being released only at pre-determined points after the completion of the developmental work. The escrow ensures that both the plot owners as well as the promoter is protected.

Further, a process such as this works for your advantage since the cost of a fully developed plot could be as much as 50% higher than what you are paying currently. At Kodai, we have seen land prices go up by 300% over the last two years only because of infrastructure, in terms of a road to the inner plots has been completed. With continued building activity in Kodai this is expected to appreciate further.

Lastly, the promoters have invested huge amounts of time and money in meticulously planning this project over the last 14 months. This has led to a lot of tangible benefits for you, in terms of cost savings and the security of your investment.

The escrow account operated by City Union Bank has the authority to control the flow of money.

You need to pay the stamp duty when registering the land. This will work out to approximately 10% of the guideline value of the land.

You need to pay a facility management fee of Rs. 3000/- a month. This will cover the cost of 24 hour security and the maintenance of common areas.

You need to pay the deposit directly to the EB for your power connection. So also for your phone connection. (Cost of bringing the lines to the site will be borne by us).

You have to pay for the Patta to be transferred to your name at a later point of time.

The cost of rainwater harvesting and waste water management on your site will have to be borne by you. (This is a must for all cottages).

You are not protected. However, in the unlikely case of this, you can take the matter up as an association and put more weight behind your case.

No this project is not approved by the PHCC. They have no authority to approve projects since they are a regulatory body.

Yes you can sell as long as the property is not being sold in smaller plots. You need the approval of the Eco Committee to sell it. We can help you to sell your property for a small fee.