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Tuesday, December 06, 2011
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Residential Plot / Land for Sale

Jairaj Nagar, Borivali West, Mumbai.

Plot area : 5 Acres (217000 SQFT)

Price : Rs. 37 cr

Zone : R Zone

AREA UNDER N.D ZONE-  154500 SQFT ( 3.5 ACERS_

AREA UNDER R ZONE - 65250 SQFT ( 1.5 ACERS)

OFFER RATE FOR THE ENTIRE LAND ( 2,17000 SQFT)- 1700/- SQFT.
HENCE,    2,17,000*1700=  37CR ( APPROX)

ONLY 65250 SQFT USABLE, HENCE THE RATE COMES AT
37CR/ 65250=  RS 5900/- SQFT.

LETS ASSUME APPROX TENTATIVE COST OF CONSTRUCTION AS 2000/-SQFT. MEANS 5900+2000=RS 8000 /-SQFT

AND TENTATIVE 35% PROFIT RATIO =  RS 2800/- SQFT

HENCE , THE LANDED COST PER SQFT WOULD BE 5900+2000+2800= RS 10800 /- SQFT.

KINDLY NOTE , I HAVE NOT ASSUMED THE F.S.I FACTOR AS IT IS A BONUS FOR BUILDERS/DEVELOPERS.

THE LAND IS FOR ENTIRE OUTRITE SALE. HENCE THE EQUATION IS WORKABLE AS THE RATE IS NEGO. TO SOME EXTENT ONLY.


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