Omaxe Holiday inn Service Apartments in Mullanpur New Chandigarh

 OMAXE PRESENTS SERVICE APARTMENTS WITH 12% ASSURED RETURN AT NEW CHANDIGARH, MULLANPUR

 LOCATION:-HOTEL HOLIDAY INN Service Apartments

(7 ACRES LAND)

BOOKING AMOUNT: – 3 LAC 

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

 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.
  •  

Price List

480 sqft. (1Br+Pantry)                                   Price Rs.

720 sqft. (1Br+Living Room+Kitchennette) Price Rs.

960 sqft. (1Br+ Living Room+Kitchennette

+Dinning Area)                                              Price Rs.

1440 sqft.( 2Br+ Living Room+Kitchennette

+Dinning Area)                                              Price Rs.

  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

 Omaxe 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 (4500×18):81000

Yearly Revenue: 81000×12:972000

Investor’s Share is 60%:583200 per annum

Hotel’s Share: 40%

Return on Investment: 583200: 18% per annum

 Viability of Omaxe 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: Omaxe

Chandigarh Extn. GBP

For More Info Contact-

Harry Dutt-9855646392

Email ID- realestate.chandigarh@gmail.com

Website-http://propertyupdatesonline.com/

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Authorized Channel Partners /DEAL For :

DLF India | IREO Group | Emaar MGF | ANSAL API | Pearl City | Wave City | Omaxe Ltd | TDI City | JLPL | Bestech Group | ATS Greens | Uppals Gorup | Tata Housing |Sandwoods | Acme Builder | JTPL City | Manohar Infrastructure