MADHU KAMATH
Designs & Infra
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What It Achieved

The Numbers

Scale, Economics & Outcome

This page provides a financial and development overview of Smritinsha.

Figures are presented using AUD as the primary reference for international readers. INR figures are retained in brackets for original project context.

Development Scale

Site Area
740 sqm
7,965 sq ft
Saleable Super Built-Up Area
6,500 sqm
70,000 sq ft
Residences Delivered
12 Homes
10 Apartments · 2 Penthouses
Development Location
Mithila Nagar, Road No. 12, Banjara Hills, Hyderabad
Development Deed
Executed in 2006
Construction & Delivery
2008–2009
Approximate delivery period: 18 months

Unit Values

Apartments
10 Units
AUD 616,000 each (₹4.25 crore each)
Penthouses
2 Units
AUD 942,000 each (₹6.50 crore each)
Sub-Level Units
3 Units
AUD 326,000 each (₹2.25 crore each)
Parking Bays
12 Bays
AUD 14,500 each (₹10 lakh each)

Gross Realised Value

AUD 10.17 Million
(₹70.2 Crore)

The completed development achieved an estimated Gross Realised Value of approximately AUD 10.17 million.

This figure represents the aggregate realised value of the completed development.

Development Structure

The completed building was divided vertically into East and West wings connected by a common stair and lift core.

Landowner Entitlement
50%
The East Wing was allocated to the landowner.
Developer Entitlement
50%
The West Wing was allocated to the developer and comprised:

Funding Structure

Bank Finance
Nil
Institutional Funding
Nil
Presale Funding
Yes

The development was funded through presales and staged buyer commitments.

Presales formed part of the delivery strategy and reduced reliance on external debt.

Developer Outcome

Developer Entitlement
50%
Monetised During Delivery
15%
Developer Margin Retained & Realised
Approximately 35%

The project generated an estimated developer margin of approximately 35% following construction costs, funding requirements and associated obligations.

Why the Outcome Matters

Residential developments commonly target margins in the range of 15–20%.

Smritinsha achieved an estimated realised margin of approximately 35%.

The outcome was supported by:

Reference for Australian Readers

The project was conceived, funded, developed and delivered in India.

AUD figures are provided solely as a comparative reference to assist Australian and international readers in understanding project scale and realised value.

All original transactions, agreements and delivery activities were undertaken within the Indian market.