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Old 12-01-10   #1
Mukundh N
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Join Date: Jan 2010
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Default Unitech Mall - Bangalore. Query

Hi,

Unitech is coming up with a Mall in Bangalore. The Mall is said to be ready in 2.5 years from now (ie, around Jun 2013). The upfront prize for a 850 sq.ft shop is Rs.51 Lakhs and the rest of the amount (7.7 Lakhs plus registration charges) to be paid at the time of possession. However, 12% assured returns is guaranteed by Unitech.

Please provide your suggestion on this kind of an agreement, the risks involved, your own experiences etc. It will help me make a decision.

Thanks,
M
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Old 07-02-10   #2
panks
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Default Interested

I am interested, please let me know more details on it. Although I do not see any details on this project on UNITECH site.

-Panks


Quote:
Originally Posted by Mukundh N View Post
Hi,

Unitech is coming up with a Mall in Bangalore. The Mall is said to be ready in 2.5 years from now (ie, around Jun 2013). The upfront prize for a 850 sq.ft shop is Rs.51 Lakhs and the rest of the amount (7.7 Lakhs plus registration charges) to be paid at the time of possession. However, 12% assured returns is guaranteed by Unitech.

Please provide your suggestion on this kind of an agreement, the risks involved, your own experiences etc. It will help me make a decision.

Thanks,
M
panks is offline   Reply With Quote
Old 12-02-10   #3
indiadma
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Default

Greetings Mukundh and Panks, I am an Independent Business Consultant based in Bangalore. I provide advice on matters relating to Retail Real Estate (Malls) apart from F&B. I believe that I can be of help to you. You can reach me at indiadma at gmail.com to know more.

Thanks,
Deepak M A.

Last edited by indiadma; 14-02-10 at 01:09 PM.
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