OMAXE PRESENTSSERVICE APARTMENTS| Studio 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.
The only Hotel in the city of New Chandigarh
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.
Sizes with price: -
1) 480 sq ft. 1br + pantry + wash-room- price Rs. 2928000/-
2) 720 sq ft. 1br +living room + kitchen + wash-room- price rs. 43,92,000/-
3) 960 sq ft. 1br + living room + kitchen+ dinning area + wash-room - price rs. 5856000/-
4) 1440 sqft. 2br + living room + kitchen + dinning area + wash-room - 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, EDC,IFFC, Power backup, Club & swimming pool.
You can choose four Payment plans:-
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 COMBO PLAN :- (50% Payment)
12% Assured return of 50% payment till possession
Balance Payments Linked With Construction
4. 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
Cheque Favoring:” OmaxeChandigarh Extn. GBP”
+91-90234-07035
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