Chandigarh assured returns Project Omaxe Service Apartments Mullanpur

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Price: 2800000.00 INR

Fresh Booking for Omaxe Service Apartment Mullanpur with 12% assured return Earn 12% till possession and more than 12% a...

  • Category: Property for sale
  • Published: 24/07/2014
  • Current Rating: /5 0 Vote

    Description

    Fresh Booking for Omaxe Service Apartment Mullanpur with 12% assured return
    Earn 12% till possession and more than 12% after Possession (Life Long Lease Rentals)



    Greetings From
    BROADWAYS REAL ESTATE
    broadwaysrealestate@gmail.com
    95010-31800 (Sanjay Gupta)
    98728-31800 (Vikas Sabharwal)



    Also visit to our website to updates of other Real Estate projects in Tricity
    http://broadwaysrealestate.hpage.com


    We are pleased to inform you that OMAXE LTD, after a grand success sale of its, International Trade Tower is Launching Soon the Serviced Apartments in collaboration with 5-Star Hotel Holiday Inn to operate a five star property with these serviced apartments. There will be two towers with G +14, to be retained by the Hotel and another tower of G+22 for Service Apartments and Office Suites. Project is to be developed over 7 acres of land. Service Apartment is being offered with 12% assured return with a guarantee of 5 years or till possession whichever is later.
    Project Details
    Project Name: Service Apartments
    Project Area: 7-Acres Land
    No. of Floors: G+22 High Rise Structure
    Total No of Service Apartments: 200
    Service Apartments from 9th to 22nd floor
    Service Apartments will be fully furnished
    The only Hotel in the city of New Chandigarh
    Investment Prospects: 12% PA Assured Return till 5-Yr and thereafter Lease Rentals
    Location: Hotel Holiday Inn, New Chandigarh, Mullanpur


    Unit Area of Service Apartment
    1Br+Pantry: 480-Sft
    1Br+Living Room+ Kitchen: 720-Sft
    1Br+ Living Room+ Kitchen +Dinning Area: 960-Sft
    2Br+ Living Room+ Kitchen +Dinning Area: 1440-Sft


    Investment Prospects
    Tariff of 5 Star Hotel in Chandigarh today: Rs.8500-9000 per day.
    Expected Tariff of 5 Star Hotel in Chandigarh in 2019: Rs.12000/-
    Expected Tariff of 5 Star Hotel in New Chandigarh in 2019(After Possession): Rs.8000/-
    Expected Tariff of Service Apartments in 2019: Rs.4500-5000/-
    Considering a 60% Occupancy:
    Monthly Revenue (4500×18):81000
    Yearly Revenue: 81000×12:972000
    Investor’s Share is 60%:583200 per annul
    Hotel’s Share: 40%
    Return on Investment: 583200: 18% per annul


    Price Details
    Basic Price: Rs. 6100/- PSF
    Special Inaugural Discount: Rs 150/- PSF
    Booking Amount: Rs. 3-Lakh
    Service Tax @ 3.71% on BSP extra
    12% PA assured return with a guarantee of 5 years or till possession whichever is later
    Assured Return Amount: ~28000/- per month
    Payment Plans: Down payment plan/Flexi plan/Combo Plan/Construction Link plan
    Cheque Favoring: Omaxe Chandigarh Extn. GBP
    IFMS (On possession): Rs. 50000/- (Self Use i.e. who wish to retain)
    or IFMS (On possession): Rs. 200000/- (Lease i.e. who would lease it to the Hotel)


    Additional Cost (Pay only on Possession)
    Rs. 6-Lakh for 480-Sft
    Rs. 9-Lakh for 720-Sft
    Rs. 12-Lakh for 960-Sft
    Rs. 18-Lakh for 1440-Sft
    This Additional Cost include cost of Parking, EEC/FFEC, Power Backup, Accessories for fully furnished, Club & Swimming pool etc.


    Facilities
    Plush well planned Fully Furnished Interiors
    With amenities like Swimming pool, Club, Gym, Spa, Restaurant
    Fully furnished with furniture and white goods like TV, Microwave Refrigerator Etc
    Also have an access to the facilities of the Hotel
    Open/ Stilt Parking
    Connected with 200 ft. wide highway and adjacent to Metro Station
    Major clientele for Service Apartments
    Medicity in 300 acres would house 5-6 hospitals
    Film City and Edu City in 1700 Acres would have Universities and Institutes
    Commercial Hub in 400-Acre would have office Tower and other Commercial Buildings
    Sports Complex and International Cricket Stadium in 44-Acre
    Holistic requirement of the City for a Service Apartment



    Phone Number : 9501031800

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