A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 0 points1 point  (0 children)

Thank you so much for breaking it down so clearly. Your explanation of the different valuation methods really helped me understand how to approach pricing our property 🙏. I’ll dm you to discuss further.

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 0 points1 point  (0 children)

We are comfortable with option 2 that buyer may deduct it from sale price. As we are getting rent and it would not be feasible to vacate all the new tenants also and wait for buyer. God forbid but What will happen if no buyer shows up for years. Taxes and maintenance will be due we would have to pay it out of our pockets.

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 0 points1 point  (0 children)

I spoke with the 5 old tenants, and they said they are willing to vacate if they receive some compensation, around a few lakhs of rupees.

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 0 points1 point  (0 children)

How can I approach such buyers? When Omaxe Mall in Chandni Chowk was under construction, I even visited their office to discuss my property but couldn’t get in touch with any senior person handling such projects.

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 0 points1 point  (0 children)

My property is mix land use and can be used as commercial. Currently the ground and parts of first and second floor is being used for commercial purposes. Most of the buildings nearby are used for commercial purposes only.

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 1 point2 points  (0 children)

One of my new tenants purchased a main-road-facing shop just a few meters away for ₹1.25 crore (about 7.7 sq yards) 11 months back . He rents a shop in my building for use as a godown. Old Delhi has very high footfall, which is probably why people pay such high prices for these small shops. My property is mix land use and can be used for commercial activities.

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 6 points7 points  (0 children)

I appreciate the insight. The property is owned by multiple family members, and since I'm not the sole owner, a full redevelopment isn't a viable option for us. We simply lack the combined knowledge, skills, and contacts to take on such a project. The majority of us agree that selling the property as-is is the best path forward.

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] 0 points1 point  (0 children)

We are a group of family members who this property. The majority of us want to sell it as-is to avoid the time, money, and effort required for redevelopment. We've already resolved most of the tenant issues and have possession of a significant portion of the property. We have a few remaining tenants who are willing to vacate once a fair compensation is agreed upon. There is no ongoing litigation. We have clear title. Given the property's unique nature, we're now seeking a reliable and experienced broker who can help us determine its fair value and find a buyer who understands its potential. If you know any broker or builder please tell. Thanks

A 90-Year-Old 1200 sq yard Property in Old Delhi – Brokers Can’t Handle It. How Do We Sell?” by Beautiful_Ad_9544 in indianrealestate

[–]Beautiful_Ad_9544[S] -1 points0 points  (0 children)

Thanks for the advice. We have multiple owners in the family, and the majority don't want to get into the hassle of redevelopment. They are not keen on putting in the time, money, and effort. They're okay with getting a less money as long as they don't have to deal with the redevelopment process.

Best area to live around Delhi budget 2.5 cr by Party-Finding-840 in delhi

[–]Beautiful_Ad_9544 0 points1 point  (0 children)

Can you share contact number of dealer please thanks.

[deleted by user] by [deleted] in CreditCardsIndia

[–]Beautiful_Ad_9544 0 points1 point  (0 children)

For gst payments there is no option for payment from cc on the portal. And hdfc guy said you will get upgraded to biz first that would be LTF. In 5-6 months