87.50 acres land Near airport,
Rs. 28 Crores price
JDA – Jaipur Development authority permits plotting of land. If JDA does
then fees Rs. 270/- per Sq. Yd. – if promoter does the development then JDA
charges a fee of about Rs. 40/- per yd.
Saleable land as per law – 60% Balance
40% goes in common areas.
Neighborhood prices – at least Rs. 2200/- per Sq. Yd.
More, upto Rs. 3000/- per yard possible with international branding.
Cost per yd of land = Rs. 1500/-
Sold at Rs. 2200 to Rs. 3000/- per yard.
Time frame : 1 year
87.5 acres land or 4,23,500 Sq. Yds.
value Rs. 28 Crores
Only 60% can be sold i.e. 2, 54, 100 Sq. Yd.
Hence Basic cost of land = 28 Cr / 2, 54, 100 i.e. Rs. 1100 per Sq. Yd.
Total development cost should not exceed Rs. 400 per yd.
Cost of land = Rs. 1500 yd. Total Investment = Rs. 38 Crores.
Sale value of land (ignoring the commercial plots higher value) @ 2200/yd =
Rs. 55 Crores
Profit = 17.70 Crores @ 2200/- per yd or
Rs. 38 Crores @ 3000/- per yd.