Investment Property In Gurgaon

Rs.18,500,000 / Outright
For Sale

5249

Property ID

1342 SqFt

Size

1

Bedroom

1

Bathroom

Description

This investment property in Gurgaon namely Skylofts Service Apartments is a hospitality category real estate under development by M3M Builders. These 1 BHK studio flats have 19 ft high ceiling and come with a guaranteed monthly rental return of 10% per annum till completion. The expected income yield after construction is around 14% per annum. This is an investment real estate having freehold status. The investor would not obtain physical custody of this realty after being built. The developer has tied-up with a 5-star hotel for leasing out units inside this hospitality realty project already. The complex is RERA Certified and bank financing available.

  • OfferDouble-height studio unit of 1342 Sq. Ft. having 1 Bedroom, Living Room, Open Pantry, 1 Bathroom and 1 Toilet. No physical custody over the realty.
  • Concept1 BHK units having 19 ft high ceiling, to be taken up and converted into super deluxe residential serviced suites by a five-star hotel.
  • ComplexRetail/Commercial/Hospitality project called as M3M Broadway. 13 Storey Tower for hotel & unfurnished residences (Skylofts). 2nd Tower of 25 Stories for Offices.
  • ProjectA mixed-land use real estate complex within a 7.84 acres plot. Mostly low-rise high street shopping space and remaining area for two towers.
  • DesignGround to 3rd Floor for showrooms. 7th to 13th floor for hotel. Level 4 for a large luxury club. 5th and 6th Floors with bare-shell flats for self-users.
  • Volume189 Residential serviced suites in different sizes spread over within 7 floors & 54 unfurnished flats on 2 floors in a 13 Storey Building. 27 Units on each level.
  • PaymentChoice between 60:40 or 90:10 payment plans requiring 60% or 90% down payment respectively, at the time of advance booking.
  • IncomeFixed yield of 10% per annum from the developers end till completion of construction i.e. till the year 2023. Pre-leased Real Estate. Bank financing available.
  • Likely Yield14% per annum at 70% occupancy. Room tarriff income to be distributed amongst investors after deduction of operation fee by the operator.
  • LoadingEfficiency of 40% if mezzanine not considered. However, an efficiency of 11% if a height-partition erected. There is room for customization by installing a mezzanine floor inside the units.
  • Exigency 1Developer to continue paying guaranteed monthly rental return for 3 more years after finishing, in case of disruption in contract with the hotel.
  • Exigency 2Investor gains physical possession (after the 3 year post-finalization period) in case the builder unable to sign an agreement with another hotel. Investors can convert the flat into an Airbnb accommodation in this scenario.
  • ProductSkylofts Service Apartments (Under Development Inside The Broadway Project). RERA Certified.
  • PromoterM3M Builders.
  • FacilitiesFull Power Backup, High-tech Security, Sufficient Car Parking, Modern Lifts, Maintenance Services, Landscaping and a huge 17000 Sq. Ft. Clubhouse with Gym.

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Video - Investment Property In Gurgaon

Investment Property In Gurgaon

This investment property in Gurgaon namely Skylofts Service Apartments is a hospitality category real estate under development by M3M Builders. These 1 BHK studio flats have 19 ft high ceiling and come with a guaranteed monthly rental return of 10% per annum till completion. The expected income yield after construction is around 14% per annum. This is an investment real estate having freehold status. The investor would not obtain physical custody of this realty after being built. The developer has tied-up with a 5-star hotel for leasing out units inside this hospitality realty project already. The complex is RERA Certified and bank financing available.

Product Brand: M3M

Product Currency: INR

Product Price: 18500000

Price Valid Until: 2020-12-31

Product In-Stock: Available

Editor's Rating:
4

Address

Address: Sector 71, Southern Periphery Road
  • Country: India
  • Province / State: Haryana
  • City / Town: Gurgaon
  • Postal code / ZIP: 122018
Open on Google Maps
  • Property ID 5249
  • Price Rs.18,500,000 / Outright
  • Property Type Hospitality Realty
  • Property status For Sale
  • Rooms 1
  • Bedrooms 1
  • Bathrooms 1
  • Year Built 2023
  • Size 1342 SqFt
  • Land area 31000 m2
  • Label Investment Property
  • GST Payable.
  • Extras. Stamp Duty Chargeable.
  • Status Freehold.
  • Units Total 189 Service Apartments.
  • Assured Income Minimum 10% Per Annum Till Construction.
  • Likely Yield 14% Per Annum Post Finishing.
  • Type Retail / Office / Hospitality.
  • Loading Between 11% to 40%.
  • Handover No Physical Custody.
  • Units 27 On Each Floor.
  • Design 1 Tower of 13 Storeys.
  • Architect Zubin Cooper, U.K.
  • Complex M3M Broadway.
  • Category Pre-leased Real Estate.

File Attachments

M3M-Skylofts-Construction-Update-Oct.-2019.pdf Download
skylofts-service-apartments-hospitality-realty_hd.mp4 Download
M3M-Broadway-Skylofts-Update-Jan-2020.pdf Download
Investment-Property-In-Gurgaon-Status-February-2020.pdf Download

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