Investment Property In Gurgaon
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. It offers 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 189 units inside this hospitality realty project on a long-term agreement, already.
- 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 studio units of double height (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 unfurnished 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.
- 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 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.
- ProductSkylofts Service Apartments (Under Development Inside The Broadway Project).
- 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.
Spaceworkx International
Mobile: +91 9810084137 +91 9810923894 Email: info@spaceworkx.comInvestment Property In Gurgaon
This investment property in Gurgaon namely Skylofts Service Apartments is a hospitality category real estate under development by M3M Builders. It offers 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 189 units inside this hospitality realty project on a long-term agreement, already.
Product Brand: M3M
Product Currency: INR
Product Price: 18500000
Price Valid Until: 2020-12-31
Product In-Stock: 1
4
Address
- Country: India
- Province / State: Haryana
- City / Town: Gurgaon
- Postal code / ZIP: 122018
- 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 International Level.
- Complex M3M Broadway.
- Category Pre-leased Real Estate.
