Omaxe Presents Service Apartments with 12% Assured Return at New Chandigarh, Mullanpur

Omaxe Service Apartment in New Chandigarh ,Mullanpur with 12% assured return and Life Long Lease Rentals after possession

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We are pleased to inform you that OMAXE LTD, after a grand success sale of its, commercial residential mega integrated township is Launching Soon the Serviced Apartments with a tie up with Hotel Holiday Inn to operate a five star property with serviced apartments.  Where in there will be two towers with G +14, to be retained by the Hotel and another tower of G+22, to be developed over 7 acres of land, which is being offered with 12% assured return with a guarantee of 5 years,  or till possession whichever is later.
All theses service apartments shall have a private Club House with Swimming pool in the club and shall be furnished with furniture and white goods like TV, Microwave Refrigerator Etc.  And will also have an access to the facilities of the Hotel.
Omaxe Presents
Service Apartments with 12% Assured Return At 
New Chandigarh, Mullanpur
LOCATION:-HOTEL HOLIDAY INN 
(7 ACRES LAND)
Booking Amount: – Rs. 3 LAC 
PRICE Rs. 6100/- SQ. FT. (Approximate) Special 150 Per Sq Ft Inaugural Discount for Limited Period.
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.
Unit Area ( Super Area ) of Service Apartment in New Chandigarh , Mullanpur
 Price in ( INR )
480 sqft. (1Br+Pantry)  Service apartment in New Chandigarh        
 Rs. 28,28,000/-
720 sqft. (1Br+Living Room+Kitchennette)  Service apartment in Mullanpur
 Rs. 42,84,000/-
960 sqft. (1Br+ Living Room+Kitchennette +Dinning Area) Service apartment
 Rs. 57,12,000/-
1440 sqft.( 2Br+ Living Room+Kitchennette +Dinning Area) – Service apartment
 Rs. 85,68,000/-

Additional Charges:-

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

Lease:- 2,00,000/-(On possession)

Additional Cost:-

Over and above this, On Rs 600,000/- for 480sqft,  Rs 900,000/- for 720 sqft, Rs 12,00,000/- for 960 sqft and 18,00,000/-  for 1440 sq feet shall be payable towards Additional Charges and IFMS at the rate of Rs 50,000/- for the people who wish to retain and Rs 200,000 who would lease it to the Hotel, are applicable.

Service Tax @ 3.71% on BSP extra.

(To be paid at the time  of  possession).

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

Payment Plans:-

You can Choose from four payment plans:-

1.      Down payment plan with immediate start of assured return of 12%
2.      Flexi plan where in you pay 50% immediate and avail 12% assured return on the paid amount and balance in 4 quarterly installments and once balance is paid, avail the 12% assured as well for the remaining term.
3.      Combo Plan in which you pay 50% and avail 12% assured return on the paid amount and balance 50% can be paid in installments as per the development.
4.      Development payment plan without the assured return.

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 annul
  • Hotel’s Share: 40%
  • Return on Investment: 583200: 18% per annul

Downloads details regarding service apartments

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: Omaxe Chandigarh Extn. GBP

WHY WILL IT BE A SUCCESS:-
All across the country the service apartments have been a success where there has been a medical facility in the vicinity as per an article in The Hindu 8th March 2013.
On examining the New Chandigarh Master Plan there is 300 acres reserved for Medi-city just across the road to the site of theses service apartments where in 5 to 6 Hospitals will be coming up in next few years, to name a few Alchemist already has land in the area, PGI has been allotted land and TATA Cancer Memorial Hospital, been awarded letter of Intent.
Further a Sizable Industrial town Baddi, at Himachal Pradesh is only 20 minutes drive and the visitors to these Industrial units do not have decent accommodation short of Chandigarh, thus creating a huge demand for serviced apartments in the area.
Right besides this a commercial tower OMAXE INDIA TRADE TOWER is nearing its completion where in a lot of corporate have acquired huge spaces for their corporate offices, and a long term stay facility in the vicinity will prove to be a smart investment move.

 

Disclaimer:- Any content mentioned in the mail 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. HOME WORKS shall not be liable for any deficiency in service by the builders/developers/sellers/property agents

For Booking &More Info Contact :

Puneet Gera at +91-9872076706 | Mohan Dutt at +91-9501549100

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Disclaimer:- Any content mentioned on the website 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. HOME WORKS shall not be liable for any deficiency in service by the builders/developers/sellers/property agents.