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 these facilities.

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

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

Builder Profile
The Ramakrishna Housing has a good market reputation in the real estate industry of Andhra Pradesh. He has successfully delivered several residential and commercial projects in Delhi-NCR.

 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 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

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

 

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