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to launch Serviced Apartments with a tie up with Hotel Holiday Inn to operate a five star property with serviced apartments. Where in there will be two towers with G +14, to be retained by the Hotel and another tower of G+22, to be developed over 7 acres of land, which is being offered with 12% assured return with a guarantee of 5 years, or till possession whichever is later.
All theses service apartments shall have a private Club House with Swimming pool in the club and shall be furnished with furniture and white goods like TV, Microwave Refrigerator Etc. And will also have an access to the facilities of the Hotel.
TENTATIVE PRICES & SIZES AVAILABLE
SIZE IN SQ FT
BSP
Total Investment
Monthly Income @ 12% PA
AFTER TDS @ 10%
480 ( 1 Room & pantry, & Toilet)
Rs.6, 100/-
Rs 29, 28, 000/-
Rs 29, 280/-
Rs 26, 352/-
720 (1 Room & Pantry, Living area & Toilet)
Rs.6, 100/
Rs 43, 92, 000/-
Rs 43, 920/-
Rs 39, 528/-
960 (1 Room & Pantry, Living area & Toilet)
Rs.6, 100/
Rs 58, 56, 000/-
Rs 58, 560/-
Rs 52, 704/-
1440 (2 Room & Pantry, Living area & Toilet
Rs.6, 100/
Rs 87, 84, 000/-
Rs 87, 840/-
Rs 79, 056/-
*Over and above this on possession Rs 600, 000/- for 480sqft, Rs 900, 000/- for 720 sqft, Rs 12, 00, 000/- for 960 sqft and 18, 00, 000/- for 1440 sq feet shall be payable towards EDC, IDC, Car Parking, Power Back up Club charges, Electricity Equipment charges (EEC) & Fire Fighting Equipment Charges (FFEC) IFMS at the rate of Rs 50, 000/- for the people who wish to retain and Rs 200, 000 who would lease it to the Hotel
Investors shall have an option to retain the serviced apartment for their own use or can lease it to the Hotel for a revenue sharing model wherein the Land lords shall have a profit share of 60%. Which as per projections is as follows:-
At the rate of 70% occupancy, and an average rent of the room per day pegged at Rs 4000/-per night the total revenue is at 30 days multiplied by 70% occupancy is 21 days multiplied by Rs 4000 per night is Rs 84, 000/- Per month and 60% of that is Rs 50, 000/- Per Month, which is excellent return by any means of calculation.
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