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FAQ’s- IHC, Project by Victory Infra, Indrapuram.
Q1: Is this property safe/has all clearances ?
Ans: The plot of the project was bought in AUCTION by GDA and is allotted in the name of Developers and all the statutory obligations have been complied by them.
Q2: What is the construction status? When is the construction likely to be completed?
Ans: The construction of the project is in full swing and the basement work has been completed. The likely date of completion of the project is approx two years hence.
Q3: What is the prevailing rate psqft?
Ans: The prevailing list rate of Company in PDP (Parital down payment plan) is Rs. 8050/- psqft.
Q4: What is the blueprint ?
Ans: The investor gets assured return of 12% per annum on his investment for 3 years from the date of investment.
Q5: What will happen after 3 years ?
Ans: After 3 years or from the date of delivery, the service apartments would be managed by 7 star Hotel chains. The apartments would be pooled in and the investor gets return as explained in another sheet.
Q6: When will I get assured return cheques ?
Ans: The Company will issue 12 months Assured Return cheques after we pay the Company according to the plans opted.
Q7: Are the cheques bank guaranteed ?
Ans: Yes. The cheques are bank guaranteed by Vijay Bank.
Q8: Will I get physical possession of the Unit ?
Ans: Yes, physical possession of the unit is possible ONLY IF you book the Apartment in “Self Use” category.
Q8: What if I don’t book it in Self Use category ?
Ans: In this scenario the Owner enjoys 15 days rent free stay in a year in his property.
Q9: Will I be able to sell this unit in future ?
Ans: YES, the units are saleable at any point of time after booking and have clear title as regards this.
Q10: What is the benefit of Investing in this blueprint?
Ans: Getting a commercial property in such a dense area at these rates is just like finding Diamond among stones. The USP of this project is “PRICE POINT”. The price of this particular project is comparable to any Residential flat in the vicinity.