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
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
 |
|
| 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.
NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH
K V M
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.
priya
But why are’nt they providing us a date or some commnet? where is the improvement?
Praveen
Is anyone holding unit in techno towerz, I need to contact them
Ramana
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)
S.somanadha sarma
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.
Ramana
Are you receiving the monthly rents as promised ?
-Ramana (8977803189)
S.somanadha sarma
IT IS PENDING FOR THE LAST ABOUT 6 MONTHS
K V M
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.
Balaji Kanakadandi
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.
Narasimga
Hello friends/ investors at RK towers
What is the latest status ? I have not spoke to them recently lot of factors specifically that influence investors to be initiated hope we will get good time
Khader
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.
Durga Prasad
Hello, I am holding 2000 sft in Techno towerz. Is there any whatsapp group created for investors to fight the situation ? Can you please share if any group. –