Getting 12X returns in 3 months
I have always had eye for minute details in any policy that comes out by either central or state government. (Background have build companies and have worked with government policy making departments at central level)
Have found an opportunity that feels surreal, which a lot of people have missed.
I believe this will give me quite a good return. (Read insane) I live in a state in south india (can't name) but a policy just have came out regarding investing in states.
The land bank has been created as well, if we have a plan, they'll give me options of land and I'll choose from it.
So can buy land which may be inaccessible to everybody. Now the kick is generally agriculture land rates are quite low, then higher end it's residential and then commercial.
The state has given 75%-100% exemption on conversion charges. Thus, let's assume dlc rate of agriculture land is 300 per square feet, where the residential is 4000 sq feet.
The conversion charges are negligible.
The thought is the conversion charge is zero, but the difference in dlc is the kick.
I'll buy let's say 20,000 sq feet agriculture land. Then convert it at negligible cost and then sell that off in 20 parts as residential property of 1,000 sq feet.
So invest 60 lac and get a approx of 8 crores in return.
Happy to answer any questions without disclosing more details as well answer any other points.
Please be kind in responses.
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Smells like a scam to me
Are you saying i shouldn't go ahead with this and put my life savings or like confirm this policy again with government or anything else that you'd want me to check out so i be on the safe side?
If it works great for you. I will have my questions answered and take a calculated risk.
Definitely go for it. If you have a house, mutual funds or public equities, I'd sell it all or get a mortgage on it for a personal loan to make this kind of a leveraged buy in addition to the 60 L you are putting in. Maybe borrow from friends, family and neighbours to increase the amount and get it up to 3-4 Cr.
"My only regret in life is that I didn't do more"
- you probably at 80
A lot of people told me this doesn't seem executable. I'm talking with the government team as of now to better understand this and all policy in detail. It's direct interaction eith goverment secretaries so I'm thinking it's safe. Appreciate your response
Transactions in real estate always happen at market rate … DLC rate is a myth in property transaction - agriculture / commercial whatever All the very best to future millionaire
Hoping to hear your views, thoughts, inputs.