This investment property in Gurgaon namely Skylofts Service Apartments is a hospitality category real estate under development by M3M Builders inside the Broadway project. 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.
Monthly Rental Return Investment Property In Gurgaon
- 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/Motel project called as M3M Broadway. 13 Storey Tower for hotel & unfurnished residences. 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. RERA Certified realty.
- 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.
- 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.