Maakesh Associates - Smart Player in a Niche Segment
We are a real-estate brokerage firm operating in a tough and challenging segment: Stressed Assets.
We guide interested buyers through the process of identifying immovable assets like apartments, lands and plots, commercial and residential, and determining their valuation, eventually leading to their acquisition.
As these properties are typically sold on auction through DRT, courts and e-auction websites, we perform due diligence across all legal and industry-specific parameters to ensure property acquisitions effect a smooth transfer of title and perfectly match client preferences.
Stressed Assets - Built-in Benefits
Compared to prevailing market valuations, stressed assets such as flats, plots, land parcels, and office buildings are lucrative investment opportunities allowing investors to acquire assets at 30% lower valuations. We offer our expertise to assist you with all the cumbersome legal processes and paperwork and leverage this scenario to your advantage.
Our geography of operation – the capital city of Tamil Nadu, Chennai, exemplifies and leads the strong growth-trajectory of India, boasting an investment climate that promises remarkable wealth enhancement through property-acquisition.
Modus Operandi - Professionalism - thorough and end-to-end
Once we obtain clarity on a client’s requirement, our professionals take over, do due diligence, and set the ball rolling. Identification and validation of the asset. Site visit and completion of formalities. Participation and guidance in the auction. These steps follow seamlessly, and upon the successful conclusion of the bid, Maakesh will coordinate with the concerned parties, and ensure all legal formalities are carried out and the client acquires possession of the property.
Project Kanakadhara - Streaming gold into your home
Named after the Sanskrit hymn “Kanakadhara Stotram” composed by Adi Shankaracharya, which is chanted to attract financial stability, prosperity, and peace, this initiative serves HNI’s or brings together like-minded HNI’s to pool in investments and bid for large assets typically exceeding ₹30 Cr.
Working closely with the investor-group, Maakesh will form an LLP/Private Limited entity in conjunction with auditors and legal counsels. The ownership-stake and management roles in the entity will be decided by the participant-investors.
Maakesh will partner to develop the property E2E: Purchase and Government approvals. Selection of and collaboration with architects, structural engineers, and civil contractors towards project-completion.
Navigation Through Stages – Meticulous and Nimble
Stage 1 – Kick-off
- Receipt and acknowledgement of client enquiry
- Verification of client credentials
- Documentation of client preferences in relation to the desired property
- Ratification of business-agreement by Maakesh and client (for both standalone proposals and those under Project Kanakadhara)
Stage 2 – Moving Forward
- Client will confirm business relationship with Maakesh by an advance
- Maakesh, post primary due diligence, will Identify assets measured to client parameters
- Client will validate and approve those that are found suitable – final approval of property in both categories rests with the client.
- Commencement of paperwork for auction participation
- Formation of appropriate legal entities in consultation with clients and professionals
- Appraisal of suitability in line with stated business-plans
Stage 3 – Shortlisting
- A Secondary and a deeper due diligence of properties for finalisation under both categories
- Submission of final list of properties that meet stipulations
- Completion of formalities for auction participation
Stage 4 – Goal
- Advising client on bid values and auction process before initiation
- Guided participation in auction and bidding
- Closure of successful bids
- Legal formalities pertaining to transfer
- Project Kanakadhara moves into development mode
Professional fees and charges
Maakesh will charge a 5% fixed professional fee on the value of purchase with an upfront advance.
Business Charges under Project Kanakadhara will attract a 3% fee on value of purchase with an upfront advance.
Maakesh also facilitates sale of properties. This service entails a fee of 2% on value of business.
For selecting and engaging with professionals like auditors, legal counsels, civil contractors, architects, structural designers, land load testing services, government liaison consultants, interior designers, surveyors, plumbing, electrical, carpentry, property maintenance, rental management, advertising etc., and purchasing materials required along with any incidentals, a 10% professional / markup charges on actuals will be levied.
All billings will attract taxes as applicable.
The Maakesh Assurance
The all-encompassing Maakesh Assurance is not merely a statement of principle and fair practice. To our clients, it translates to Peace of Mind.
- Maakesh shall conduct all interactions and operations with professionalism, integrity, transparency, safety and adhere to all stipulated legal
- Clients will bid directly in their name and all payments are made directly to the bank or financial institutions conducting the Maakesh will only facilitate and guide the client.
- Should the client choose to engage any professional of their choice to conduct due diligence, Maakesh will coordinate with them and ensure completion of appropriate legal paperwork and formalities.
Confidentiality
Together with the Maakesh Assurance, our promise of confidentiality completes our commitment to our clients in letter and spirit. Maakesh assures clientele of absolute confidentiality. All business relationships will be private and at no point will there be any risk of disclosure.
The Challenges
Dealing with stressed assets, especially in India, involves facing many diverse challenges. It takes knowledge and experience to navigate through these challenges and tackle them to accomplish winning bids and acquisitions.
A sample would list property title, actual dimension vs extent on paper, possession, legal challenges to claim, quality, nature of asset verification, location, and similar details.
In reality, under the glare of due diligence, as they pass from commencement to closure, very few properties meet criteria for purchase.
While the lucrative aspect of this investment opportunity is the attraction, the path towards profitability is to be negotiated with great skill and meticulousness.
Allied Services
Maakesh also offers bespoke services: Construction of houses and villas according to client’s needs, by engaging competent structural engineers, architects, civil contractors, interior designers, and the like.
Maakesh can also handle property-maintenance services, rental collection, and other allied services.
The Team
Name
Designation
Maakesh also offers bespoke construction of houses and villas by engaging competent structural engineers, architects, civil contractors, interior designers, and the like to meet client needs.
Maakesh will work closely with the investor group and create an LLP / Pvt Ltd., entity with the assistance of auditors & legal counsels.
Name
Designation
Maakesh also offers bespoke construction of houses and villas by engaging competent structural engineers, architects, civil contractors, interior designers, and the like to meet client needs.
Maakesh will work closely with the investor group and create an LLP / Pvt Ltd., entity with the assistance of auditors & legal counsels.