Investment Property In Gurgaon
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.comInvestment 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
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 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.
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