Omaxe Service Apartments
We are pleased to inform you that OMAXE LTD, after a grand success sale of its, International Trade Tower is Launching Soon the Serviced Apartments in collaboration with 5-Star Hotel Holiday Inn to operate a five star property with these serviced apartments.
For more Details like Brochure, Floor, Payment Plan, Development Photos etc:
Click Here to Download Files for Omaxe Service Apartment
There will be two towers with G +14, to be retained by the Hotel and another tower of G+22 for Service Apartments and Office Suites. Project is to be developed over 7 acres of land. Service Apartment is being offered with 12% assured return with a guarantee of 5 years or till possession whichever is later.
Project Name: Service Apartments
Project Area: 7-Acres Land
No. of Floors: G+22 High Rise Structure
Total No of Service Apartments: 200
Service Apartments from 9th to 22nd floor
Service Apartments will be fully furnished
The only Hotel in the city of New Chandigarh
Investment Prospects: 12% PA Assured Return till 5-Yr and thereafter Lease Rentals
Location: Hotel Holiday Inn, New Chandigarh, Mullanpur
Unit Area of Service Apartment
1Br+Living Room+ Kitchen: 720-Sft
1Br+ Living Room+ Kitchen +Dinning Area: 960-Sft
2Br+ Living Room+ Kitchen +Dinning Area: 1440-Sft
Tariff of 5 Star Hotel in Chandigarh today: Rs.8500-9000 per day.
Expected Tariff of 5 Star Hotel in Chandigarh in 2019: Rs.12000/-
Expected Tariff of 5 Star Hotel in New Chandigarh in 2019(After Possession): Rs.8000/-
Expected Tariff of Service Apartments in 2019: Rs.4500-5000/-
Considering a 60% Occupancy:
Monthly Revenue (4500×18):81000
Yearly Revenue: 81000×12:972000
Investor’s Share is 60%:583200 per annul
Hotel’s Share: 40%
Return on Investment: 583200: 18% per annul
Basic Price: Rs. 6100/- PSF
Special Inaugural Discount: Rs 150/- PSF
Booking Amount: Rs. 3-Lakh
Service Tax @ 3.71% on BSP extra
12% PA assured return with a guarantee of 5 years or till possession whichever is later
Assured Return Amount: ~28000/- per month
Payment Plans: Down payment plan/Flexi plan/Combo Plan/Construction Link plan
Cheque Favoring: Omaxe Chandigarh Extn. GBP
IFMS (On possession): Rs. 50000/- (Self Use i.e. who wish to retain)
or IFMS (On possession): Rs. 200000/- (Lease i.e. who would lease it to the Hotel)
Additional Cost (Pay only on Possession)
Rs. 6-Lakh for 480-Sft
Rs. 9-Lakh for 720-Sft
Rs. 12-Lakh for 960-Sft
Rs. 18-Lakh for 1440-Sft
This Additional Cost include cost of Parking, EEC/FFEC, Power Backup, Accessories for fully furnished, Club & Swimming pool etc.
Plush well planned Fully Furnished Interiors
With amenities like Swimming pool, Club, Gym, Spa, Restaurant
Fully furnished with furniture and white goods like TV, Microwave Refrigerator Etc
Also have an access to the facilities of the Hotel
Open/ Stilt Parking
Connected with 200 ft. wide highway and adjacent to Metro Station
Major clientele for Service Apartments
Medicity in 300 acres would house 5-6 hospitals
Film City and Edu City in 1700 Acres would have Universities and Institutes
Commercial Hub in 400-Acre would have office Tower and other Commercial Buildings
Sports Complex and International Cricket Stadium in 44-Acre
Holistic requirement of the City for a Service Apartment
Viability of Service Apartments:
All across the country the service apartments have been a success where there has been a medical facility in the vicinity. On examining the New Chandigarh Master Plan there is 300 acres reserved for Medi-city just across the road to the site of theses service apartments where in 5 to 6 Hospitals will be coming up in next few years, to name a few Alchemist already has land in the area, PGI has been allotted land and TATA Cancer Memorial Hospital, been awarded letter of Intent.
Further a Sizable Industrial town Baddi, at Himachal Pradesh is only 20 minutes drive and the visitors to these Industrial units do not have decent accommodation short of Chandigarh, thus creating a huge demand for serviced apartments in the area.
Right besides this a commercial tower OMAXE INDIA TRADE TOWER is nearing its completion where in a lot of corporate have acquired huge spaces for their corporate offices, and a long term stay facility in the vicinity will prove to be a smart investment move. Also adjacent to this another commercial tower OMAXE INTERNATIONAL TRADE TOWER is also coming which is already sold out.
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