Investment Property In Gurgaon

Rs.18,500,000 / Outright
For Sale

5249

Property ID

1,342 SqFt

Size

1

Bedroom

1

Bathroom

Description

This investment property in Gurgaon namely Skylofts Service Apartments is under development by M3M Builders. It offers guaranteed monthly rental return of 10% per annum till the period of construction. The expected income yield after completion is around 14% per annum. The investor would not enjoy physical custody of this realty after being built. The developer has tied-up with a 5-star hotel for leasing out 189 units inside this real estate project on a long-term agreement, in advance.

  • Concept1 BHK studio units of double height (19 ft high ceiling) to be taken up and converted into super deluxe service apartments by a five-star hotel.
  • ComplexRetail / commercial / hospitality project. A 13 Storey Tower for hotel and unfurnished residential flats. 2nd Tower of 25 Stories for Offices.
  • On-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 real estate.
  • 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 unfurnished flats for self-users.
  • Volume189 Service apartments spread over within 7 floors and 54 unfurnished flats within 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.
  • Fixed Return10% per annum from the developers end till the completion of construction in the year 2023.
  • Likely Yield14% per annum at 70% occupancy. Room tarriff income to be distributed amongst investors after deduction of operation fee by the operator.
  • Loading40% without mezzanine. 11% if a height-partition erected by the hotel. Studio flats with a room for customization by installing a mezzanine floor.
  • Exigency 1The developer to continue paying the same monthly rental return for 3 more years after completion in case failing to sign the contract with the hotel.
  • Exigency 2Investor gains physical possession of the unit in case the builder unable to sign an agreement with any hotel after the 3 year post-completion period.
  • ProductSkylofts Service Apartments (Located Inside M3M Broadway Project).
  • BuilderM3M India Limited.
  • FacilitiesFull Power Backup, High-tech Security, Sufficient Car Parking, Modern Lifts, Maintenance Services, Landscaping and a huge 17000 Sq. Ft. Clubhouse.

Spaceworkx International

Mobile: +91 9810084137 +91 9810923894 Email: info@spaceworkx.com
Investment Property In Gurgaon

This investment property in Gurgaon namely Skylofts Service Apartments is under development by M3M Builders. It offers guaranteed monthly rental return of

Product Brand: M3M

Product Currency: INR

Product Price: 18500000

Price Valid Until: 2019-12-31

Product In-Stock: 1

Editor's Rating:
4

Address

Address: Sector 71, Southern Periphery Road
  • Country: India
  • Province / State: Haryana
  • City / Town: Gurgaon
  • Postal code / ZIP: 122018
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  • 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 1,342 SqFt
  • Land area 31,000 m2
  • Label Investment Property
  • GST Extra.
  • Stamp Duty Chargeable.
  • Status Freehold.
  • Total Units 189 Service Apartments.
  • Minimum Yield 10% Per Annum Till Construction.
  • Likely Income 14% Per Annum Post Finishing.
  • Category Retail / Office / Hospitality.
  • Loading Between 11% to 40%.
  • Posession No Physical Custody.
  • Units / Floor 27.
  • Design 1 Tower of 13 Storeys.
  • Architect International Level.
  • Complex M3M Broadway.

File Attachments

M3M-Skylofts-Construction-Update-Oct.-2019.pdf Download

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