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Management of Land Assets

Type A assets - all type of land assets

For land assets, with the highest risk of encroachment, UPM services enable you to have a regular monthly view of your asset. Our property management services deliver a 360-degree view of your real estate asset from monthly pictures to independent 3pt sales valuation.

Further, to give our clients the best value for money, the redundancy of activities is kept to a minimum. The accuracy and efficiency is achieved due to Ursqft management team’s multi decade experience in global operations consulting industry. The underlying four sections : reporting timeline, list of activities, management fees and payment options will detail out all the required information regarding this service.

If any information is unclear, please contact us at your convenience and we will get back to you promptly.

Reporting Timeline

Followed by the initial in-depth report are eight monthly reports (MR), two detailed quarterly reports (QR) and an in-depth half-yearly report (HR) as per the below time line. All the reports are electronic (PDF format) and delivered to your designated mailbox as per the schedule.

Type A - reporting timeline

The first in-depth half-yearly report is combined with the initial setup to have a comprehensive view at the start of the management service. This helps both customer and UPM establish the status quo of the property and, if required, take any immediate remedial action.

List of Activities

The following table will give you a detailed view of the schedule of activities deemed necessary to take care of your land asset.

Type A - Schedule of Activities
Land assets
Activity Frequency
M Q H
Anti-trespassing signage      
  Installation (I)      
  Maintenance
Asset Update      
  Frontage
  360 views    
  Vicinity  
  Regional Developmental Work    
Asset Valuation      
  1 pt. valuation    
  3 pt. valuation    
Site Checks      
  Garbage
  Encroachment
  Structure (fencing, if any)
Neighbourhood check  
Annual one point local authority liaising (I)
Supervision of up to 4 development requests for work orders under Rs. 2500
 
  • (I) denotes the initiation activities
  • Maintenance requests in addition to the four will invite a minimum supervision fees of Rs. 500 or 20% of the work order (greater of the two)
  • Any maintenance request with work order (billing) of more than Rs. 2500 will invite a supervision of 20% on the work order amount

Management Fees

 

Land assets up to 1000 sqyd in area Rs. 1500 pcm
Land assets more than 1000 sqyd in area Price on Inspection
    • pcm – per calendar month
    • Additional Service Tax as applicable

 

Payment Options

For your ease and to fit your individual needs, you can pick any of the following payment options. Irrespective of the chosen option, UPM requires an annual contract for the services.

Type A - Payment options
Land assets
Payment Frequency Initiation Charges (Rs.) Amount (Rs.) No. of Payments Optional Reserve Deposit (Rs.)
Quarterly 2,500 4,500 4 2,500
Half-Yearly 1,000 9,000 2 2,500
Annual 0 18,000 1 2,500
Payment options @ Rs. 1,500 pcm for assets up to 1000 sqyd in area
      • Reserve deposit is client deposit with UPM that is being used for miscellaneous activities like mail forwarding, minor materials charge, etc.
      • UPM recommends this deposit as it reduces a lot of paper work, invoicing and redundant communications between UPM and the client.

 

KNOW MORE about the core principles of Ursqft Property Management