Posted May 06, 2019 09:19:55Realtors are trying to sell houses and apartments, but sometimes they’re getting a little bit more than they bargained for.
That’s the case with an apartment in Visakhapatanam in the northern state of Andhra Pradesh.
In December, it was sold to a woman from Hyderabad for a whopping Rs 1,700 crore.
This was almost double the purchase price the previous year.
The woman, who is the mother of two children, was one of the buyers.
“We sold the house to a friend who was also from Hyderabadi area.
We sold the property for a higher price,” said Arvind Kalluri, managing director, Apartment Services Pvt Ltd.
“I was able to convince the friend to go ahead with the sale and we were happy.
The next day, we received a call from the person who wanted to rent the property.
The price went up from Rs 1.3 lakh to Rs 1 crore.”
Kalluri added that, after the sale, the lady got a call about a possible buyer from Hyderayas Hyderabad who wanted the house for less than the previous purchase price.
“We asked her to let us know how much the house is worth and how much she has to contribute to the sale,” he said.
“The house is quite nice and the amenities are well organised.
But we need the lady’s consent to sell the property,” he added.
As per the sale terms, the buyer is to be paid a monthly rent of Rs 6,800.
“She will be given a deposit of Rs 10,000 and will have to provide her guarantor with a certificate of insurance,” he explained.
The realtor is expected to take care of the deposit.
The house was supposed to be sold in July, but the seller’s contact, who was present when the deal was made, decided not to proceed with the deal.
Kalluli said that the seller did not take into account the possibility of an emergency, since the house was not in the best condition when it was first listed for sale.
“If the house needs repairs or repairs require a new roof, we will consider it,” he noted.
Kalluli also added that the realtor has been receiving calls from other people who were interested in renting the house.
“When the house becomes available, we are expecting to take the deal,” he pointed out.
Realtor Arvind Kumar Prakash has not been able to come to terms with the woman’s decision to sell her house for such a high price.
“I am not happy with this lady’s decision,” he told The Indian Express.
“Our customers are our clients.
We work hard and are committed to helping them to move ahead in their lives.
But sometimes people do not want to buy properties at that price.
We have a policy of not taking any action in this case.
We are trying our best to get the property back for the lady,” he claimed.
Kopil Ramesh, the managing director of Apartment Properties Pvt.
Ltd., agreed with the realtor.
“It is not a simple case.
I don’t think the lady wanted to sell.
We had given the lady an option to buy the property at a later date.
However, after we had agreed to the terms, we have to accept the offer,” he stressed.
The buyer was not available for comment.