Review : Investment in Ramakrishna Techno Towerz, Kaza, Guntur, Loss or Profit

Guntur

CPR Ratings

As per Location
Ramakrishna Techno Towers is located in Venuzia Road, Kaza Guntur, Andhra Pradesh. The project is adjoining with the Acharya Nagarjuna University Campus.

At present, there is a lack of urban population near the Ramakrishna Techno Towerz commercial project to avail commercial development facilities and without urban population, there is no mean of commercial property investment. And in this considerness, the location of Ramakrishna Techno Towerz is not very impressive.

Possession | Construction Update
The Ramakrishna Techno Towerz Business Park is under construction.  According to the builder and several real estate portals the promised date of delivery is set for the year of December-2020. But according to RERA possession date is 29th September 2023. RERA Registration No P07120070035

Ramakrishna Techno Towerz, Kaza, Guntur

Drawbacks | Bad Factors
Actually, at present Kaza is an isolated location of Guntur district. The Kaza is in the primary stage of development. There is a lack of urban rich residential population can say the Kaza is a low-density population area. and low density is good for a living but not for commercial property investment.

The public transportation facilities and other civic facilities are very limited to Ramkrishna Techno Towerz. Actually, at present, there is no need for retail space and office space projects in this area because there is a lack of employment and industries. And there is no urban rich population to avail of these facilities.

The construction and possession of the project may depend on the sale of shops/space, so the project may be the delay.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-RAMAKRISHNA TECHNO TOWERZ GRADING
Urban Rich Gentry At present, very little population C
Prime Location BRONZE C
Connectivity Limited public transportation facilities C
Layout Design Properly visible retail, International standards office space A
Multiple Entries Yes A
Visibility Average B
High-Density population A few residential populations C
Youthful Footfall No C
Public Security Police Station -updating soon
Fire Station -updating soon
C
Industrial Area updating soon
Urban/Civic Facilities A few C
Developers Credibility SILVER standard Developer B
Price Comparison Little bit high B
Competitors No competitors A1
Expected ROI May takes very long time D

 

Products & Developer
Ramakrishna Techno Towerz commercial project is under developing by the Ramakrishna Housing Private Limited. The Ramakrishna Techno Towerz consists of Retail  Shops IT-Office spaces, etc.

Builder Profile | Track Record 

  Ramakrishna housing,builder,profile,track record
PREDECESSOR Ramakrishna Townships & Projects Private Limited
FOUNDED 2007
FOUNDERS Prabhuvenkata Anjani Kumar Kokku, Lakshmi Rajyam Kokku, Prabhu Venkata Anjani Kumar Kokku.
KEY PEOPLE Prabhuvenkata Anjani Kumar Kokku, Prabhu Venkata Anjani Kumar Kokku.
COMPANY | PROMOTERS Ramakrishna Housing
AREA SERVED Andhra Pradesh:- Hyderabad, Telangana
PRODUCTS Commercial offices, Apartments
PROJECTS COMPLETED None
PROJECTS ONGOING Ramakrishna Techno Towerz
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Average
NET WORTH
STRENGTH
COMMITMENT ???
RISK Updating soon…
DEBT Yes
LITIGATION  Updating soon
OFFICE ADDRESS Ramakrishna Housing (P) Limited
54-15-20,Opp Yalamanchili Complex, Sri Nagar Colony, Ring Road, Vijayawada-520008, Andhra Pradesh
BUILDER CATEGORY
SILVER

 

 Advice
It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in a year. In fact, investors who are trying to make a sale of their property in Ramakrishna Techno Towerz hardly get any client at the desired price.

Actually, this is not the right time for investment in Kaza. We strongly advise Avoid completely new launch, soft launch, and primary stage construction commercial projects of the Kaza area.

Price | Lease Price
Ramakrishna Techno Towerz retail shops and office space price start from approx:-

     
CATEGORY Size (Sq Ft) PRICE (PSF)
Office Space 500-20000 5000
Retail Shops

 

Conclusion
It is better to put your money in bank FD instead of investment in Ramakrishna Techno Towerz. The investment of Ramakrishna Techno Towerz may take a very long time to grow. So invest carefully.

CPR Ratings

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NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

10 Comments

  1. It is a seed project. Every high rise building was once set up in an isolated location. If you take an example of Hyderabad’s Hi-Tech city building nothing was around that building when it’s structure was raised. No urban population around , now it is totally a built up area.
    Like wise this too has bright chance to rise in future. I totally disagree if said that it is not a right choice for investment.

    Reply
  2. But why are’nt they providing us a date or some commnet? where is the improvement?

    Reply
    • Is anyone holding unit in techno towerz, I need to contact them

      Reply
      • Yes Praveen,
        I am holding 2 units in Techno Towers. Pl. contact me. I think it has not yet resumed.
        Pl.contact me
        Ramana (8977803189)

        Reply
      • My eldest son is having the commercial unit in Rama krishna techno towers to the extent of 730 soft The builders are failed to create confidence .They are supposed to all difficulties in the project .They are not a ordinary builder but trying to hide themselves.The time is ripened to get themselves in regular contact with investors.If they feel it is out of there hand it is better for them to negotiate with investors to stop loss in the investment.It is not a difficult thing for them .They made promise to pay the pending monthly installment. IT IS REALY VERY BAD ON THEM.I am a retired person and encouraged my son for my purpose and he is now blaming for bad suggestion.What is the solution from the builders.The unit is 17 E 10.

        Reply
    • Are you receiving the monthly rents as promised ?
      -Ramana (8977803189)

      Reply
      • IT IS PENDING FOR THE LAST ABOUT 6 MONTHS

        Reply
  3. Yes, I am holding 1 unit. When contacted the Rama Krishna office recently, I was told that work will be resumed during Jan month ending or 1st week of Feb 2020.

    Reply
    • Sir, my name is Balaji. Just now I contacted them (18.02.2020). They are telling that construction will restart only after four months, as they are facing funding problem.

      Reply
  4. I am Khader Vali, I am holding an unit in this project. My no 8801534502. No response from Techno Towerz people when I contacted. Let’s all meet and discuss.

    Reply

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