When the Exit Doesn't Exist. Strong entry pricing. Secondary market liquidity in this micro-market was effectively zero. Without a clear exit, conviction is just optimism.
PRIVATE FILES.
Every opportunity we assess gets a file. We document what we found, what we verified, and — when the answer was no — exactly why. This is the file record.
The Project That Looked Better Than It Was. RERA registered. Good location. Non-standard unit layouts, aggressive FSI utilisation, and management changes three times in 24 months.
Why We Walked Away. Listed price was 18% above verifiable comparable transactions. Developer track record showed two delayed projects. Rental yield projections unsupported.
Yield on Paper, Not in Practice. 12-room boutique property with 11% gross yield documentation. Occupancy data not independently verified. Seasonal volatility made the yield unrepeatable.
The Zoning Problem Nobody Mentioned. Land priced attractively. Zoning appeared confirmed. Deeper due diligence revealed pending litigation that would freeze development indefinitely.
The One That Made the List. Delivery-ready. Developer track record verified. Pricing 12% below comparable completed projects. Rental demand confirmed by three independent agents.