Price: 2800000.00 ₹

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


 

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