Starlit Suites: India's Premier Serviced Hotel Apartment for Rental Income

Luxury living, lucrative returns, and affordable investments. Join the Starlit Suites family today!

Starlit suites is a leading serviced hotel apartment operator in India and they entered into this segment in India for more than 5 years now and are managing an inventory of over 500 suites for the Owners.

Starlit Suites is a pioneer in bridging the gap between traditional 4 hotels and serviced apartments.

They believe in giving you “a home every time you check-in”

Keeping true to their aspirations, all the Serviced Aparthotels have spacious suites, ergonomic meeting facilities, delectable Food & Beverage outlets, well-appointed gymnasium, swimming pool and business center.

At Starlit Suites, the dedicated management team has meticulously planned and designed their hotel apartments with one goal in mind – to provide the utmost comfort for discerning travelers like you. They understand the demands of your busy schedule and the constant deadlines you face daily. That’s why they have created a haven where you can unwind and rejuvenate, ensuring that every stay is a truly comfortable and refreshing experience. Experience the perfect blend of luxury and convenience at Starlit Suites, where your comfort is their priority.

Starlit Suites is revolutionizing the hospitality industry with their exclusive and unparalleled investment opportunity. In collaboration with developers, they are strategically developing prime locations in major Indian cities, offering a select group of individuals the chance to acquire these prestigious serviced apartments. This once-in-a-lifetime opportunity allows you to become a part of an elite group, with the apartment being offered back into the rental pool for Starlit to expertly manage on your behalf. Investors in starlit suites get to experience the epitome of luxury, best in class rental income and convenience, while enjoying the benefits of a truly exclusive and personalised experience during their stay.

If you are looking for a unique investment opportunity and earn excellent rental income for next 25 years, Don’t miss out on this extraordinary chance to elevate your real estate investment and lifestyle with Starlit Suites.

To truly grasp Starlit Suites leading position in India’s hospitality industry and the unique strengths that guarantee substantial monthly income in the long run, we have meticulously outlined a set of pointers for you to carefully consider. By delving into these key aspects, you will gain a comprehensive understanding of the exceptional investment opportunity that awaits you. Prepare to be an investor as we present you with compelling reasons why investing in Starlit Suites is the perfect choice to elevate both your real estate portfolio and your leisure lifestyle.

There are NO organized or established serviced hotel apartment chains / operators in India, especially with multiple properties across the country.
Existing serviced apartments are fragmented, unorganized and mostly run by individuals or part time players who have no expertise in the business, often provide subpar services and are limited to just one location or city.
Starlit Suites is the first organized & branded player in the Extended Stay Segment across India with properties in multiple cities (4 operational, 6 under construction and 20 more in the pipeline) and exciting new developments, they are leading the market with expertise and dedication.
Unlike other hotel brands that are focused entirely on the Short Stay Segment which is completely different and DOES NOT COMPETE or COMPARE with serviced apartments – as the target customers, pricing, duration of stay, facilities provided are completely different in both these industries.
Starlit Suites focuses purely on Extended Stay segment for corporate travellers which has a much larger audience + consistent, predictable and growing volumes year after year.
By prioritizing guest comfort and providing top-notch amenities, Starlit Suites is the go-to choice for discerning travelers.

The Starlit Suites Team:

Starlit Suites has assembled a team of highly skilled individuals with extensive expertise in the hospitality industry. Led by Mr. Anil Minocha, a veteran professional with over four decades of experience in hospitality industry, starlit suites team brings a wealth of knowledge and a track record of success. With their strong background in start-up projects, hotel management, turnaround operations, and multi-unit management, the team is well-equipped to deliver exceptional results. At Starlit Suites, the whole team is committed to efficiency, innovation, and delivering the highest level of service to the guests. Investors can feel confident in partnering with starlit suites, knowing that they are working with capable and successful professionals.

Starlit Suites is a lifestyle provider. Their philosophy is to offer serviced residences that embody comfort, safety, security, hygiene, style, and luxury. In every city and at each location, they adhere to three absolute tenets:

Style: From furniture to fittings, starlit residences blend hip style with supreme functionality. Their design team introduces local touches to create welcoming spaces that reflect our East-meets-West heritage.

Service: They believe that an exceptional living experience requires an unrivaled standard of service. So they hire and train the most experienced and qualified staff. The dedicated professionals go above and beyond to meet the needs of our tenants and continuously improve the service quality in innovative and practical ways.

Location: Each Starlit property is carefully chosen and fully researched. They focus on locating the serviced residences in the city’s IT/Industry hub, providing the residents with a convenient walk-to-work facility. The residents benefit from convenient transport links, proximity to cultural and entertainment venues, and easy access to essential amenities like grocery stores and laundry services.

At Starlit Suites, the team strives to go beyond providing comfortable accommodations. They create an experience that combines style, exceptional service, and convenience. So whether you’re traveling for business or leisure, choose Starlit Suites for a truly remarkable stay.

Facilities and amenities offered at Starlit Suites:

The standard Starlit Suites Apartments are fully equipped for extended stays, corporate, and MICE segments. They come in various formats such as Studios, One BHKs, Two BHKs, Three BHKs, and Villas.

All units are fully furnished and include modern kitchens.

Standard Amenities:

Restaurant
Swimming Pool and Gym
Meeting Rooms, Conference Halls, Business Center
Wireless Internet
24-hour service
Total Power backup
Highest levels of Safety and Security

Certain locations may offer additional amenities like a Spa, depending on the location and guests’ preferences.

In-Room Facilities:

Television
Refrigerator
Microwave
Electric Cooktop / Hob and Chimney
Locker
Blender, Toaster
Iron Box and Table

The starlit suites management are dedicated to maximizing profits for their clients and enhancing their asset value. Their vision is to be the leading Indian chain of serviced apartments in the country and further expanding the brand Starlit Suites and their hospitality internationally.

Recent starlit suites projects:

Starlit Suites Bangalore– An 18 storied 126 All Suite iconic tower right in front of Neomall, Located in Neotown Electronic city Bengaluru. Check out more about this property on the link below:
Starlit Suites Bangalore

Starlit Suites Kochi-An iconic 9 storied tower strategically Located on NH47 bypass road in Kochi. A part of a signature mixed use development consisting of a mall/office space and Hotel Apartments. Check out more about this property on the link below:
Starlit Suites Kochi

Starlit Suites Shirdi – 77 Fully Furnished and equipped Studio, One Bedroom and Two Bedroom Apartments in Shirdi with proximity to the temple and various recreation options in Shirdi. It is an iconic 7 storied tower with excellent landscaping and greenery. Located near opposite to the Shirdi Railway Station and just 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 Shirdi

Starlit Suites Tirupati– Starlit Suites Tirupati is an upscale apart hotel with 144 spacious suites, the largest on offer in the entire city, 84 Mountain View rooms offering a view of the Tirumala Mountain range and shrine and 60 city view rooms offering panoramic vistas of the city from the higher floors. We offer you a wide range of 72 two bedroom suites and 72 one bedroom suites to choose from.
Starlit Suites Tirupati

Now that you have understood in great detail Starlit Suites and their business model, lets try to answer the address the elephant in the room: Why consider investing in Serviced Hotel Apartments?

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 12% per annum) by investing in Serviced Hotel Apartments.

Today we’ll show you why current investment options are not good enough and then help you understand why serviced hotel apartments(such as Starlit Suites) is a better option to earn monthly rental income from real estate.

The Problem So Far

Traditionally, people buy a 2 or 3 BHK residential apartment / flat and then rent it out.
But such rental returns from residential property are very low in India, ranging from 2.5% to maximum of 3% irrespective of which city or area you invest in (in fact in places like Delhi and Mumbai, returns are much lower at almost 1.5% due to high property prices).
On the other hand, if you can invest a much higher amount of Rs.10 to 20 crores and buy a commercial asset such as a shopping mall space, office spaces, etc, you can earn higher returns of 7% to 8%. But not everyone can afford to invest such large sums of money and even these returns of 7% to 8% remain fixed for a long period of time and do not grow significantly with time.
And apart from earning such low returns, you also have the risk of tenants vacating, difficulty in finding new tenants, etc and hence income from such assets is not always guaranteed.
There was nothing in between these 2 categories so far and hence people had no choice but to be content with such low returns.

The Solution to This Problem: Starlit Suites Serviced Hotel Apartments

Now for the first time in India, with these serviced hotel apartments, you can enjoy the best of both worlds, which is the high returns of a commercial asset, with the affordability / low tickets sizes of residential apartments
Through these serviced hotel apartments, you can earn annual returns of 8% to 12% in the beginning which will almost double to 20% in 15 years time, on an investment ranging from Rs.35 lakhs to 90 lakhs. This means almost 3-4 times greater income than normal apartments or villas.

There is truly no other comparable alternative investment that can give you such high, consistent and predictable monthly income with very low risk and small ticket sizes / investment commitment starting from as low as Rs.35 lakhs.

So you have a clarity on why investing in assets such as serviced hotel apartments are better than normal apartments, lets take a look at the concept and How does this serviced hotel apartment work & generates such high income?

HERE IS HOW IT WORKS:

You invest in a fully furnished, fully air-conditioned and fully serviced Studio / 1 BHK / 2 BHK hotel apartment that will be built to the standards of a 3 star hotel with gymnasium, swimming pool, banquet rooms, conference halls and many other amenities of a 3/4 star hotel.
You can pay the entire unit cost in several monthly instalments and you can also get a home loan to fund upto 60-70% of unit cost, which means you need to pay only 30-40% of unit cost from your pocket, that too in periodic instalments.
Once the building is completed, the serviced apartment unit will be registered in your name and you will then hand over your unit on a 20 year lease to Starlit Suites – India’s leading corporate hotel / serviced apartment operator. This lease is infact signed right at the time of you purchasing the unit, right at the beginning.
This operator will take over the entire building and operate it on your behalf as a corporate serviced hotel apartment meant exclusively for employees of top Indian corporates and MNCs (over 250 of them across India and abroad) with whom the operator already has formal rate contracts & strong relationships for assured business throughout the year.
This way, the entire tower is marketed and sold as a 2 / 3 star corporate serviced apartment and at the end of each month, the total GROSS rental income of the ENTIRE tower (that is, total revenue from all the rooms, before any operational expenses are deducted) is shared in a 50:50 ratio between you (the investor/owner) and the operator.
This translates into rental returns of 8 to10% p.a. for you in the beginning which will more than double to almost 16 to 20% & more, over the 20 year lease period (which is renewed in multiples of 5 years thereafter).
This means that a Rs.50 lakh unit will fetch you Rs.30,000 per month on average, which will grow to as high as Rs.70,000 per month in 15 years (and keep increasing throughout the lease period) Which is a staggering 3 TIMES MORE than what you can earn by renting out a regular apartment on your own anywhere in India!
So the bottom-line to summarize is that you can earn 3 to 4 times greater rental income than normal residential apartments or villas but without any of the typical hassles involved in renting out property on your own (such as struggling to find a tenant, negotiating rent amount, collection of rent every month, loss of revenue when tenant vacates property, etc).
You also get 7 nights free stay per unit per year out of which 4 nights can be anywhere else in the country where Starlit has a property.

ADVANTAGES of Investing in Starlit Suites Serviced Hotel Apartments over any other asset class:

Stable & Predictable Rental Income: Earn Rental Income Even if Your Room is Empty / Unoccupied

You will earn as much as every other investor in the project irrespective of whether your particular unit is rented out or not, as rentals from all the rooms in the entire building are pooled into a single bucket and then DIVIDED EQUALLY among all unit owners.

ZERO Maintenance for You

Unlike normal apartments and villas that need regular involvement to maintain and rent out, you DONT have to do any maintenance or monitoring as it is managed by India’s leading hotel apartment operator.

Very AffordableSmall Unit Size

Small Investment : Ranging from Rs.35 to 90 lakhs
Pay in instalments spread over 1 to 2 years
Home Loans Available from leading banks (upto 60% funding)

Demand is Locked-In In Advance

The operator has strong relationships and rate contracts with over 200 companies in India (including Fortune 500 firms) which give him assured business to maintain consistent & healthy occupancy levels, which in turn ensures consistent and high monthly income for you.

Infact, before deciding upon a city and location to set-up and operate these hotel apartments, operator has first gone to each of their clients with whom they have relationships, studied their requirement for rooms at each city and location in which operator plans to setup operations, surveyed the market to understand what existing comparable 2 / 3 star hotels in the area are charging, then got a commitment for a minimum number of rooms from each of their above clients and then based on all above factors, come to a decision on where to setup their hotel apartments and at what cost, to ensure that ultimately, investors like you can earn 10% to 12% returns based on what operator can generate per room, based on what price they plan to sell each room night at.This way, demand is locked-in in advance to ensure stable, consistent and predictable income for you as an investor.

This is a Gross Revenue Sharing Scheme

As an investor in this tower, you are given 50% of the GROSS REVENUE of the entire building which means that for every 1 rupee coming in, 50 paise is divided equally among all investors and the balance 50 paise is for the operator to take care of his expenses, maintenance, salaries, etc and his profit..

This means that you are given 50% of the total revenue of the the entire building BEFORE any expenses are deducted or backed out by the operator. Since all expenses of operating the hotel are paid out of the operator’s share of the revenue, you as an investor DO NOT bear any of the expenditure incurred in running the property.

This way, the operator cannot manipulate you by showing greater expenditure etc as these costs are anyways being paid entirely by him and do NOT affect your share of the income.

NO CASH Transactions

The rooms in this hotel apartment must be booked either through a corporate account (i.e. by companies) or through online travel portals, and hence the payment for these rooms is done either through credit cards (since employees staying in this tower will claim reimbursement from their employers) or through wire transfers to operator bank account.

Therefore, there is hardly any scope for cash payments in this system, minimizing risk of unaccounted business, and since entire revenue of operator is trackable and accounted for, you as an investor can hence be rest assured that you are getting 50% of each and every rupee of revenue of the entire tower.

Quarterly Audits of Entire Towers Revenue to Ensure 100% Transparency

Every 3 months, you will be sent an audited statement of the occupancy levels, rooms nights sold, average room rent charged and how your income was calculated, giving you full transparency into the operations.

Save TAX on upto Rs.3,50,000 p.a.

This asset gives you multiple tax benefits that no other form of investment in India can provide, such as :

Section 24 : 30% of entire rental income + interest paid on home loan of upto Rs.2 lakhs p.a. can be deducted from your taxable income.

Section 80C : Upto Rs.1,50,000 per annum can be deducted from your taxable income for principal repayment on your home loan.

Self Sustaining Asset that Pays for Itself

Income from this asset will be greater than the EMI you your loan, which means that asset pays for itself and you don’t have to pay from your pocket.

And in 8-9 years time, due to the excess left over from the income (after paying off the EMIs), you will recover the initial 40% that you invested and hence end up with an asset for free of cost, which will continue generating high rental income for another 12 to 13 years, apart from substantially appreciating in capital value.

Post this, you will continue earning monthly income FOR FREE as technically, you are earning this on ZERO investment (as you have recovered your entire initial investment).

By investing using a home loan, you can also claim tax benefits of home loan as the entire EMI (principal + interest) can be claimed as tax deduction (i.e. the entire EMI can be deducted from your taxable income, reducing your tax liability substantially).

Therefore, investing in this hotel apartment using a home loan is the smartest way to create wealth and earn higher ROI in the long run. Even if you can afford to pay the entire cost of unit from your own funds, it is financially more lucrative to invest using a home loan.

Growing Trend of Travellers Choosing Serviced Hotel Apartments

An increasing number of corporates and business travellers are choosing to stay at serviced residences or hotel apartments as they can get almost all the sophisticated amenities of a luxury hotel at almost half the price they would pay at star hotels. This coupled with the close proximity of these hotel apartments to major IT/ITES, finance and other business hubs, is greatly contributing to the increasing demand for such corporate serviced residences.

Incase of spiritual destinations like Shirdi and Tirupati, even casual tourists / pilgrims are increasingly preferring serviced apartments as rooms are 2 to 3 times larger and more importantly, 30% to 50% CHEAPER than hotel rooms.
Such long term travelers always prefer a serviced apartment over a regular hotel because they can cook their own meals, order room delivery of food from their favorite restaurant and entertain guests in their rooms – which is not possible in star hotels.
And they can enjoy all of this with an ambiance similar to a 3 star hotel, but in much bigger rooms with more space – giving them a comfortable “home away from home” feel.

Can you sell this apartment after sometime & exit?

YES you can.

You can sell your unit to anyone at any point of time and exit with substantial capital gains, in addition to the monthly income that you would have earned until then.
Say 8 years later, your Rs.20 lakhs unit is fetching you Rs.35,000 per month, you can sell the unit to someone for Rs.35 lakhs as the new buyer will still earn 12% ROI. In those 8 years, you would have also recovered your initial investment from the monthly income and hence end up tripling your money.

Massive Demand for High Monthly Income Assets

The maximum you can earn from a fixed deposit or any other traditional monthly income investment in India such as mutual funds and provident fund is 6% to 8% at best.
Rental income from residential property is a minuscule 2% to 3% and falling.
Commercial property may give you 7% to 9% ROI but they need a much larger investment of Rs.5 to 25 crores which is impractical for most of the people.
Hence there are literally 1000s of investors who will happily invest in any asset that gives them more than 8-9% regular and stable income – which this hotel apartment exceeds by a large margin as it gives you 8% to 10% in the beginning which grows to as much as 15% by 15th year.
Hence investors would queue-up outside your door to acquire such a high income generating asset from you as there are no other safer, stable and predictable income alternatives in India.
The person who is buying this asset from you would start earning rental income immediately (i.e. from Day 1 of his investment) and thus would be willing to pay you a premium to buy such a proven asset from you. You can also show your bank statement as a proof of income being generated by your unit.

Greater Appreciation than Regular Apartments or Villas

Since these apartments are fully furnished, fully air-conditioned and fully serviced and come with a long lease of high monthly income, these apartments will also appreciate a lot more in capital values when compared to normal residential apartments or villas.

Chance to Acquire Property in Prime Locations

Normally, it would not be possible to acquire such prime property at such low ticket sizes and because of this, you will also enjoy tremendous capital gains in addition to high monthly income

Documentations Involved for Purchasing the Serviced Apartment:

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 incase 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.

Where Can You Invest?

Bookings are currently open at following locations

Operational Properties Bengaluru | Kochi | Neemrana (NCR) | Tirupati | Shirdi

Properties under Development Hyderabad | Kolkata | Pune

You can view the all the current project details by visiting our serviced apartments projects section here: https://realtyfort.com/monthly-rental-income-properties/

Our team of experts are ready to help you with more intricate details such as the monthly income projection sheet, the monthly EMI, the performance of current projects and the current availability of serviced apartment units. Contact us today to talk to our investment professionals and secure your serviced hotel apartment unit today. Join the league of savvy real estate investors and diversify your portfolio beyond ordinary investments and supercharge your rental returns by 3X.

Visit realtyfort.com to access a range of rental income investments across the country. We also assist you in building your personalized real estate portfolio starting at just Rs.75 Lakhs.