sale of a property with project in Tirupati


Published On: June 13, 2020
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Price On Request
All documents absolutely clear and with SBI
Property Type:
Possession:Free Hold

Address

Near By Land Marks: •Eastern boundary: 149 acres of SEZ of IT&ITeS industry • Southern boundary: Padmavathi Medical College & Hospital (875 beds) by Sri Venkateshwara Institute of Medical Sciences (SIMS),Tirupati • Northern boundary: Vijayawada-Chennai State Highway
Address: Tirupati Andhra Pradesh, India.
Pincode: 517101

Overview

• Land offered :3 Acres
• Development: 5 Star Hotel with 215 Rooms International Convention Centre, Wellness Centre and Open Marriage Garden
• Location: - Tirupati Andhra Pradesh, India. Total Built Up Area (TBA): 4,00,000 Sft
• Hotels Operators: Agreement in place to operate under the brand of Holiday Inn

Gallery

  

Description

A fully developed property of 3 acres + and building of 400,000 Sq ft built as a 5 star hotel with 215 rooms in Tirupati, opposite the international airport, for immediate outright sale Developed as the first 5 Star Hotel Property in Tirupati. Can open in 4 months as a hotel. Agreement with Holiday Inn to manage under their brand is in place. The facility can easily be converted to a high end hospital with 200 + rooms, Built on 3 acre space

sale of a property with project in Tirupati

Financials: Total: 235 Crores – SBI loan of 115 crores that could be taken over by the new buyer reducing immediate cash requirements. All documents absolutely clear and with SBI – Promoters to be paid 120 Crores. The project is owned by a Private Limited Company. So the deal can be through share transfer. The promoters are looking for a quick decision. Site visit and meetings with promoters in Hyderabad can be arranged quickly.

Description Permitting authority Status
Agricultural Land Conversion Revenue Department, Tirupati Granted
Commercial Approval for land TUDA/ AP Govt Granted
Approval for commercial construction TUDA/ AP Govt Granted
Height Restriction of the building Airport Authority of India Granted
Fire safety APFESD Granted
Environmental clearance APSPCB, MOEF Granted
Development building approval APIIC / CDA/TUDA Granted
Temporary power connection for construction activity APTRANSCO Granted
Fire NOC Fire Department Granted
Hotel Classification from AP Tourism Government Tourism Government AP Granted
Airport Authority NOC Airport Authority Granted
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Highlights

• Tirupati Railway station (CBD) - Total 154 trains commute through Tirupati daily 15 Min
• Renigunta Railway station 5 Min
• International Airport 2 Min
• Srikalahasti 15 Min
• Alipiri Foothills (Tirumala Hills) 20 Min

Legal Opinion

• Agricultural Land Conversion from Revenue Department, Tirupati Obtained
• Commercial Approval for land from TUDA/ AP Govt Obtained
• Approval for commercial construction from TUDA/ AP Govt Obtained
• Height Restriction of the building from Airport Authority of India

LOCATION

renigunta airport

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