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*Investor can purchase 1 car park for a sum of INR 7 Lakhs
Greenspace Celestial
Kokapet, Hyderabad
Project Description
Props{AMC} presents an exclusive opportunity to invest in 4,99,410 Sq. Ft. of Luxurious Residential space located in Kokapet, Hyderabad. Nestled within the vibrant landscape of Kokapet, Hyderabad, Greenspace Celestial promises an exquisite living experience amidst the bustling urban ambiance. Boasting 9 majestic towers, this project sprawls across 8.51 acres of premium land in the highly coveted Kokapet area. Developed by esteemed builders Greenspace Housing & Fortune Builders, this luxury venture ensuring a convenient access to major roads like Nehru Outer Ring Road (ORR), enabling effortless travel to key destinations including the Financial District and Gachibowli IT Hub.
Reasons to invest in Greenspace Celestial:
Developed by esteemed builders Greenspace Housing & Fortune Builders- High Yielding Residential Investment Opportunity
- 4.6 Mn Sq.ft. already sold of the 13 Mn Sq.ft. of Residential units
- Located at the heart of Kokapet with easy access to ORR, Financial District and Gachibowli IT Hub
- Assured returns 10% p.a. on Total Contribution Amount for 2 Year
- Exit Premium of 4% per annum on Total Contribution Amount
Investment Terms
| Gross Annual Coupon Rate (Per Annum) | 10% |
| Exit Premium (Per Annum) | 4% |
| Payouts | Quarterly |
| Tenure | 2 Years |
| Lock In Period (For Developer) | 1 Year |
| Lock In Period (For Investors) | 2 Years |
| Target XIRR (Pre – Tax) | 13.76% |
| Management Fee (Per Annum - Exclusive of GST) | 0.50% |
Payment Break Up
A and B Block
| Purchase Price | % | INR per Sq.Ft. |
|---|---|---|
| Saleable Area | 1,085 | |
| Base Price | 7,000 | 75,95,000 |
| 42% of the Base Price (Total Contribution Amount) | 2,940 | 31,89,900 |
| Registration | 1% | 75,950 |
| GST | 5% | 1,59,495 |
| Legal Documentation and Registration Charges | 50,000 | |
| Total Contribution + Other Charges | 34,75,345 |
C to I Block
| Purchase Price | % | INR per Sq.Ft. |
|---|---|---|
| Saleable Area | 1,085 | |
| Base Price | 7,499 | 81,36,415 |
| 50% of the Base Price (Total Contribution Amount) | 3,750 | 40,68,208 |
| Registration | 1% | 81,364 |
| GST | 5.0% | 2,03,410 |
| Legal Documentation and Registration Charges | 50,000 | |
| Total Contribution + Other Charges | 44,02,928 |
Other Investment Benefits
Flexible Payment
Yes
Loan Available
No
Lock In
Yes
Project Information
| RERA no. | P02400005073 |
| Site Area | 8.5 Acres |
| No. of Towers | 9 |
| Structure | G+9 Floors |
| No. of Units | 750+ |
| Residential Amenities | 25+ |
| Configuration | 2, 2.5, 3 & 3.5 BHK |
| Range | From 1,085 to 2,615 Sq. Ft. |
| Clubhouse | G+5 Floors 34,000 + Sq. Ft. |
Developer Overview
Greenspace Housing & Engineers Pvt Ltd. is a prominent real estate developer based in Manikonda, Hyderabad. Committed to excellence, Greenspace Housing projects are meticulously designed to offer a harmonious blend of affordability and luxury, adhering to uncompromising standards in construction. With a track record of delivering over six hundred thousand square feet of residential apartments and villas, Greenspace has earned a reputation for crafting landmark communities in Hyderabad. These projects are renowned for their innovative designs and commitment to enhancing the quality of constructions and lifestyle. Greenspace believes in creating spaces that foster prosperous living, striking a perfect balance between essential amenities and luxury.
Location & Connectivity
Floor Plan
Property Gallery
Frequently asked questions
The starting price of the unit is INR 41,00,000.
The base price for Block A and B is INR 7,000/- sq. ft. The base price for Blocks C, D, E, F, G, H, I is INR 7,499/- sq. ft.
There are units of different sizes which the allottee can purchase as per their purchase capacity. The unit size ranges from 1,085 to 2,615 Sq. Ft. of Saleable area.
The Asset Management fees is 0.50% per annum of the base price + GST.
The tenure of this investment opportunity is 2 years. You may retain the unit through the asset manager after providing prior notice through the asset manager to the developer, between 13 to 24 months after signing and registering the agreement of sale.
Yes, the lock in period for the developer is 1 year and for the investor is 2 years.
Assured returns is 10% p.a. of the Total Contribution Amount for 2 Years.
The Exit Premium is 4% per annum of the Total Contribution Amount paid at the time of the exit from the investment.
The yield / coupon will be distributed on a quarterly basis.
No, the loan cannot be availed on this property during the investment period. It is possible to avail loan in case of buying the property back from the developer.
Yes. As per RERA, the proposed Completion date is 24 June 2028
The prospective allottee will receive 27% UDS of the super built up area of the unit.
Prospective investors can purchase 1 car park for an additional cost of INR 7 lakhs upon retaining the unit.
An investor is required to execute the Master Agreement with the developer and the Asset Management Agreement with the Asset Management Company upon payment of Tranche-1 (30%) of the Total Contribution Amount, along with the Registration Charges, GST amount, and Legal & Documentation Charges. The registration of the Agreement for Sale between the investor and developer. Power of Attorney will be executed between investor, developer & Custodian/Asset Management Company at the Sub-Registrar Office.
The custody of the agreements will be with the Custodian/Asset Management Company.
Each specific unit requires a separate agreement to be executed.
In case of failure of the first tranche payment within said timeline, the blocked Unit will be released. Being the defaulter in the payment schedule, you shall be liable for an interest @ 15% p.a. on such delayed payment / non-payment of the Contribution and/ or Other Charges.
In case of default, the developer shall be liable for an interest @ 15% p.a. on such delayed payment / non-payment of the coupon.
The agreements must be physically executed. If you are overseas, you may appoint a Power of Attorney to execute or register the agreements on your behalf. Any courier charges associated with overseas transactions are to be borne by the investor.
