Starlit Suites Shirdi- Invest in Monthly Rental Income Luxurious Serviced Hotel Apartments @SHIRDI
Located right next to the Shirdi Railway Station and just 10 minutes from Shirdi Sai Baba Ashram
Earn Rs.50,000 to 55,000 per month
by investing in Serviced Hotel Apartments in SHIRDI
– one of the top 10 most visited Spiritual Destinations of the World
On an investment of just Rs.70.51 lakhs (2 BHK, 990 Sft)
Construction is 98% Complete (RERA Registered)
Construction is Almost Complete. Income begins soon…
Starlit Suites Shirdi - 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 Starlit Suites Shirdi Serviced Hotel Apartments. They also appreciate a lot more than regular apartments
Stress-Free Management & No Maintenance Charges
These 3 star serviced 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 @ Starlit Suites Shirdi start as low as Rs.70.51 lakhs. You also get loans from top banks for upto 60% of unit cost, which means you pay just 40% or 30 lakhs 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.
Starlit Suites Shirdi is Located just 5 mins from Sai Temple
Shirdi is already the No.1 MOST VISITED destination in India..
Infact MORE people visit Shirdi on a daily basis than Tirupati!
Located right next to the Shirdi Railway Station(Sainagar) and just 1.5 kms or 10 minutes from Shirdi Sai Baba Ashram.
Starlit Suites is located close to the main ashram but away from the noise and dust of the main central road. Starlit Suites is also well connected to the Shirdi airport, just 25 mins away.
With a bar and restaurant, it is also close to the only amusement park in town – Wet n Joy, thereby having something for both children and adults.
There is hence a tremendous demand for affordable serviced apartments like these and hence the perfect time for you to invest!
Starlit Suites Shirdi Location Map
This Project is RERA Registered
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 Shirdi and other major cities, you can earn highest monthly income of Rs.50,000 per month and more, on lowest investment of just Rs.70.51 lakhs (2 BHK).
What is the rental income per month?
On average, you will earn approx Rs.50,000 per month on a 2 BHK of Rs.70.51 lakhs – translating to 10% ROI per annum.
Over the next 15 to 20 years, this income will grow to as much as Rs.90,000 per month gradually – translating to almost 16% p.a.
See the Income Projection Sheet (PDF) to know how much you can expect to earn per month from year 1 upto year 20 and beyond.
- 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 30% in 1st and 2nd year alone.
Hence investing in Starlit Suites Shirdi is a NO – BRAINER real estate Investment.
UNIT SIZE & PRICE
SIZE OF THE PROJECT:
Starlit Suites Shirdi has a total of 77 units spread across G+7 Floors
TYPE, SIZE & COST OF UNITS
2 BHK (990 Sft) : Rs.70.51 Lakhs (Selling Fast)
(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 of structure is complete
Interiors are being fitted out.
Operations & Income to commence shortly in a few months.
SANCTION / APPROVAL STATUS:
All Approvals Received & Home loans Pre-Approved by HDFC
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 60% of unit cost can be funded via home loan, which means you pay only 40% out of your pocket.
You need just Rs.14 lakhs to get started!
● 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.
Do you know that Starlit Suites Shirdi 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.
Please click here to view a comparative analysis of cost price of Starlit Suites Shirdi versus comparable apartments
Easy Payment Schedule
- Booking Amount :
10% on booking / along with booking form.
. - On Execution of Agreements :
10% on execution of agreement in 3 to 4 weeks from date of booking.
. - Balance 80% :
– Incase of home loan funding : Another 15% become due immediately as building is already in advanced stage of completion and home loan will also have to be disbursed immediately to cover balance due. Remaining by completion.
– Incase of self funding : Another 60% becomes due immediately as building is already in advance stages of completion. Remaining by completion.
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 fill out the enquiry form below and we’ll gladly answer all your questions