Monthly Rental Income Serviced Apartments @KOLKATA
Located in the heart of Rajarhat – Kolkata’s IT Hub. Also called “New Town Kolkata”
Earn Rs.25,000 to 40,000 per month
by investing in Serviced Hotel Apartments in
RAJARHAT– the IT Hub of KOLKATA
On an investment of just Rs.34.5 lakhs (Studio) and 55.9 lakhs (1 BHK)
Construction 80% Complete (RERA Registered)
Start earning from DEC 2021
Strengths of this Asset
3X Greater Rental Income & Appreciation
Earn THREE TIMES AS MUCH than normal Apartments(i.e. 8% to 10% per annum) by investing in Serviced Hotel Apartments. They also appreciate a lot more than regular apartments
Stress-Free Management & No Maintenance Charges
These hotel apartments are managed & maintained completely by the operator at his cost.Thus freeing you of the hassles involved in renting out property on your own.
Highly Affordable Price
Home Loans Available
Units start as low as Rs.34.5 lakhs. You also get loans from top banks for upto 60% of unit cost, which means you pay just 40% from your pocket and rest is funded by bank.
Asset Pays for Itself & Becomes Free in 8 Years
Unlike a normal apartment where EMI is greater than rental income, incase of serviced apartments, income is always greater than EMI and hence the project pays for itself. Due to excess income, you will recover your entire initial investment within 8 years.
Opportunity to Acquire a Property in Prime Locations
You are acquiring an asset in prime commercial localities of India. Normally, it would not be possible to acquire such prime property at such low ticket sizes. Hence, you will also enjoy tremendous capital gains in addition to monthly income.
Audited Statements Issued to You every 3 Months
Once every 3 months, you are given Audit Certificate giving you details of the entire revenue generated by the building for each month and how that income is being split between operator and investors to maintain transparency.
Located in the heart of Rajarhat – Kolkata’s IT Hub
Starlit Suites Kolkata is located right next to DLF IT Park / across the road to TCS Gitanjali Tech Park (the largest of West Bengal) and is in close proximity to many other IT parks, hospitals and entertainment hubs in a 5 kms radius. It is also very close to the airport as well as Salt Lake Sector 5 which host many of Kolkata’s largest IT parks and offices.
~ Right next door to DLF IT Park Phase 2
~ 5 Kms from Salt Lake Sector 5
~ 12 Kms Kolkata International Airport
Project is RERA / WBHIRA Registered (HIRA/P/NOR/2018/000173)
Incase of any delays, builder pays you compensation as per RERA rules of 10% per annum* – which is higher than the actual rental income itself!
Buying & renting out regular apartments will give you only 2.5% to 3% ROI per annum.
You can earn THREE TIMES AS MUCH (i.e. 8% to 10% per annum) by investing in Serviced Hotel Apartments.
PROJECT OVERVIEW
Starlit Suites is a leading 3 star serviced hotel apartment operator of India and by investing in their hotel apartments in Kolkata and other major cities, you can earn highest monthly income of Rs.25,000 to 40,000 per month on lowest investment of just Rs.34.5 lakhs (Studio) & Rs.55.9 lakhs (1 BHK) respectively.
What is the rental income per month?
On average & in the beginning, you will earn approx Rs.25,000 per month on a Studio of Rs.34.5 lakhs and approx Rs.40,000 per month on a 1 BHK of Rs.55.9 lakhs – translating to 10% ROI per annum.
Over the next 15 to 20 years, this income will grow to Rs.50,000 & Rs.80,000 per month for a Studio & 1 BHK respectively – translating to almost 16% p.a.
- Operator has assumed average occupancy rate of just 70% throughout the lifetime of the property – which is a very conservative estimate as he is running his existing properties at a much higher 75% to 80% on average.
- Even the room rates he plans to charge are very conservative compared to other hotels in the surrounding areas – infact Starlit Suites gives you rooms that are 2 to 3 times LARGER for 40% to 50% LESS than comparable hotels.
If you take into consideration the high initial appreciation of capital values in the first 3 years and considering that the asset value might almost double in 4 to 5 years, you may end up earning an average ROI of 25% in 1st and 2nd year alone and hence this is a NO – BRAINER Investment.
UNIT SIZE & PRICE
SIZE OF PROJECT:
Ground + 3 Floors
Standalone tower built on 1 acre land
120 Units in total – 108 Studios + 12 One BHKs
TYPE, SIZE & COST OF UNITS
- Studio (447 Sft) – Rs.34.5 Lakhs
- 1 BHK (726 Sft) – Rs.55.9 Lakhs
(All Inclusive of all furniture and fitouts,GST, Registration and Stamp Duty)
– Exclusive of service fee of 1.5% on the basic value*
EXPECTED COMPLETION DATE:
Construction is 80% complete and completion expected by Dec 2021.
SANCTION / APPROVAL STATUS:
All Approvals Received & Project Pre-Approved for Home Loans
Income is Credited to Your Bank Account Every Month (via ECS)
Each month’s income is credited directly to your bank account on the 25th of the following month and hence there is no need for you to monitor or follow-up for collection of income.
HOME LOANS AVAILABLE
● Upto 70% of unit cost can be funded via home loan, which means you pay only 30% out of your pocket
● TAX BENEFITS : The EMI paid on the loan can also be written off against the income earned from this asset, which effectively reduces your taxable income.
Starlit Suites Serviced Apartments are CHEAPER than Residential Apartments
You will be thrilled to see that this super class high monthly income asset is available to you at a discount when compared to a regular apartment in the surrounding area.
Easy Payment Schedule
- Booking Amount :
10% on booking / along with booking form.
. - On Execution of Agreements :
10% on execution of agreement in 3 to 5 weeks from date of booking.
. - 50% as per current construction progress :
– Incase of self funding, this is payable over 4 weeks from date of execution of agreements.
– Incase of loan funding, the loan process will be handled immediately through our partners to disburse the amount in 20 to 30 days from date of booking (subject to your individual eligibility*). - Balance 30% :
– Incase of self funding, this is payable in instalments as per construction progress, ending June 2021 (completion date).
– Incase of loan funding, this will be paid by the bank in instalments as per construction progress, ending June 2021 (completion date) and is subject to your individual eligibility*.
DOCUMENTS INVOLVED:
- Sale & Construction Agreement (SCA):
This is between you and the builder for purchase of the flat and covers the terms and conditions of sale and construction of the hotel apartment and the timelines involved. This agreement will also have clauses to compensate you in case of delays in construction. - Rental Management Agreement (RMA):
This is between you and Starlit Suites (operator) and captures the terms and conditions of the revenue-sharing agreement with the operator. It contains important clauses related to revenue sharing, operator’s responsibilities, complimentary stay, period of contract, etc. - Furniture & Fitouts Agreement (FFA):
This is between you and Starlit Suites (operator) and it covers the cost and schedule of items that will be included as part of furnishings of your room as per 3 star hotel apartment standards. Power of Attorney (POA):
This is a legal document giving Starlit Suites the power to operate the unit on your behalf and is a matter of legal formality.
FLOOR PLAN
BOOKings are open
For bookings or queries please contact us and we’ll gladly answer all your questions