Price: 2800000.00 ₹


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

95010-31800 (Sanjay Gupta)
98728-31800 (Vikas Sabharwal)

Also visit to our website to updates of other Real Estate projects in Tricity

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.



More Details

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Reference Id:#250614
Phone Number:9501031800
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