St. Thomas Town

🏗️ DEVELOPER ALERT – HUTCHINS ROAD TEAR-DOWN SITE 🏗️
7,495 SQFT | ₹15,000/SQFT | ST. THOMAS TOWN | ₹11.24 CR

RARE LARGE PLOT ON HUTCHINS ROAD – DEMOLISH & BUILD

📍 Location: 3rd Cross, Hutchins Road, St. Thomas Town, Bangalore 560084
📐 Site Size: 7,495 Sqft – One of the biggest plots on Hutchins Road
🏠 Current Status: Old House – Demolition Condition
💰 Asking: ₹15,000/Sqft – Total ₹11.24 Cr | Slightly Negotiable
📑 Clear Title – Ready for Redevelopment

✅ Hutchins Road Premium – Fraser Town, Cooke Town, Ulsoor 5-min. ₹22k-25k/sqft resale
✅ 7,495 Sqft = G+4 Apartment Potential – 16-20 Units @ 1200sft each
✅ St. Thomas Town – British era bungalows, 100ft road access, premium clientele
✅ Tear-down = No Waiting – Start construction in 60 days. No tenant issues
✅ Replacement Cost ₹18Cr+ – Land rates here jumped 40% in 2 years

MATH FOR DEVELOPER:
Build 20 Units x 1200sft x ₹18,000 selling = ₹43.2 Cr GDV
Land Cost ₹11.24 Cr = 26% of GDV. Healthy margin.