Omaxe Service Apartments Mullanpur | 12% Assured Return | 9872107970 - Chandigarh

Saturday, 30 November 2013

Item details

City: Chandigarh
Offer type: Sell
Price: Rs 2,928,000
Bedrooms:1
Bathrooms:1
Full Square, m²:480

Contacts

Contact name chinusquare
Phone 9872107970

Item description

Omaxe Mullanpur Service apartments
Puneet.square@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:- 2,00,000On 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.square@gmail.com
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