Omaxe Service 1BHK Apartments Mohali

28/08/2013 Property for sale

Price: 2928000.00 ₹

Description

Omaxe Mullanpur Service apartments


Puneet.realty@gmail.com  9872107970


OMAXE PRESENTS SERVICE APARTMENTS WITH 12% ASSURED RETURN AT


NEW CHANDIGARH, MULLANPUR


LOCATION:-HOTEL HOLIDAY INN


(7 ACRES LAND)


BOOKING AMOUNT: - 3 LAC 


PRICE Rs. 6100/- SQ. FT. (Approximate)


  • G+22 High Rise Structure

  • Approximately 200 Service Apartments with Assured Return and Future Lease Rentals

  • A Symphony Of Style & Function

  • Plush well planned Fully Furnished Interiors.

  • Open/ Stilt Parking

  • Connected with 200 ft. wide highway and adjacent to Metro Station

  • With amenities like Swimming pool, Club, Gym, Spa, Restaurant.

480 sqft. (1Br+Pantry)             Price Rs. 29,28,000/-


720 sqft. (1Br+Living Room+Kitchennette) Price Rs. 43,92,000/-


960 sqft. (1Br+ Living Room+Kitchennette


+Dinning Area)  Price Rs. 58,56,000/-


1440 sqft.( 2Br+ Living Room+Kitchennette


+Dinning Area)  Price Rs.87,84,000/-


Additional Charges:-


IFMS = Self Use:- 50,000/- (On possession)


  Lease:-  2,00,000/-(On possession)


Additional Cost:-


480 sq.ft  =  6 Lac


720 sq.ft  =  9 Lac


960 sq.ft  =  12Lac


1440sq.ft  =  18Lac


(Client have to pay 50% on completion of structure and 50% on possession).


Additional Cost :-Include cost of Parking, EEC/FFEC, Power Backup, Club & Swimming pool.


Payment Plans:-


1. DOWN PAYMENT:-60 Days- (full payment)


12% p.a assured return till possession or 5 years (whichever is later) payable through Post Dated Cheques.


Life Long Lease Rentals after possession and Capital Appreciation


2. FLEXI PLAN:- 60 Days (50% payment)


12% Assured return  of 50% payment till 1 year.


Then after 1 yr. balance payment will be paid and then owner will get 12% assured return on 100% payment paid by the owner.


Life Long Lease Rentals after possession and Capital Appreciation


3.  CONSTRUCTION LINKED PLAN:-Payments linked with construction. Lease Rentals after possession and Capital Appreciation.


Tariff Viability for Service Apartments


Service Apartments will be fully furnished.


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 (4500x18):81000


Yearly Revenue: 81000x12:972000


Investor’s Share is 60%:583200 per annum


Hotel’s Share: 40%


Return on Investment: 583200: 18% per annum


Viability of Service Apartments:


1.  Medicity in 300 acres would house 5-6 hospitals-a major clientele for Service Apartments


2.  Film City


3.  Edu City in 1700 Acres would have Universities and Institutes


4.  140 Acre Commercial Hub-2 office Tower and other Commercial Buildings


5.  Sports Complex in 44 Acres would have an International Cricket Stadium and other Sports Facilities.


6.  Holistic requirement of the City for a Service Apartment.


Booking Amount: 3 Lakhs


For more information please contact at 9872107970


Puneet.realty@gmail.com


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Plots , Floor , Apartments , Commercial , Office Space, Industrial Property.

Disclaimer: Any content mentioned in the ad is for information purpose only and does not constitute any offer or guarantee whatsoever on the content mentioned above. Prices are subject to change without notice. It is solely your responsibility to evaluate the accuracy, completeness and usefulness of all opinions, advice, services, merchandise and other information provided and you are strongly advised to check these independently. We shall not be liable for any deficiency in service by the builders/developers/sellers/property agents


 

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