1 Bedroom Guest House for sale in Sector 38, Chandigarh City

30.15 lakhs
Omaxe service apartments with 5 star hotel chain holiday inn of Europe at mullanpur

Omaxe service apartments with 5 star hotel chain holiday inn of Europe at mullanpur

Mullanpur Chandigarh, Sector 38, Chandigarh City - 160019 (Chandigarh)

  • Area: 450 SqFeet
  • Bedrooms: One
  • Bathrooms: One
  • Floor: First
  • Total Floors: More than 20
  • Facing: East
  • Transaction: New Property
  • Price: 3,015,000
  • Rate: 6,700 per SqFeet
  • Age Of Construction: Under Construction
  • Possession: Within 5 Years

Description

Omaxe service apartments with 5 star hotel chain holiday inn of Europe at mullanpur
Location Advantage-
BETTER CONNECTIVITY-
These apartments spread over 7 acres are adjoining International Trade Tower and Trade Tower (office spaces, retails and club) and a part of 140 acres commercial mix land use.
The service apartments are just 10 minutes’ drive from PGI, Punjab University and Sector-17.
These apartments are just 15-20 minutes’ drive from industrial hub Baddi
Located on 200 ft. wide road and are Opposite/near upcoming Metro Station
Price Rs. 6700/ Sq ft
Apartments Sizes
One bedroom/450 sqft 30.15 Lakh
One bedroom with Kitchen/650 sqft 43.55 Lakh
Two bedroom with kitchen/900 sqft 60.30 Lakh
A.After 5 years, Great Lease options.
1.Self use 2. Lease : Own - 60% Hotel - 40%.
Lease option after 5 years.
1.Medicity- Tata/ PGI/ Alchemist.
2.Filmcity
3.Educity.
4.Corporates Hub
5.Baddi.
6.Sports complex.

NEAR EDUCITY-
Educity project proposed to be spread over 1700 acres with a purpose to provide world class education facilities consists more than 3 university with specialization of Pharma and other major fields.
Other Advantages
Option 1- 12% assured return from the date of payment.
Option 2- Flexi plan that you can pay 50% amount and rest 50% within one year.

Government has proposed for setting up World class sports complex and hockey stadium. The land for international Cricket Stadium has already been marked and work will start soon.
Government has already proposed for development of Golf Course.

Future prospects –
Presently undergoing rental for hotel per day in Chandigarh are between Rs. 4000/- to Rs. 6000/- the rates are increasing on average 10% yearly basis. The expected rent in Chandigarh hotel after 5 years will be 10,000/- for 5 star hotels.
The Holiday Inn Resorts is 5 star resort properties and the expected rent after 5 years will be Rs. 7000/- per day.
Calculation-
If property is leased for 20 days in a month on rent of Rs. 4000/- x 20 days = Rs. 80000/-
For a year = Rs. 80000 x 12 = Rs. 960000/-
Revenue sharing 60% = Rs. 960000 x 60/100= Rs. 576000/-.
Formula=576000X100/450X7000=18.28%(tentative)

Please mention that you saw this ad on PropertyWala.com when you call.

Location

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* Location is approximate

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Guest Houses for sale in Sector 38, Chandigarh City

This property is priced approximately same as the average for an Guest Houses for sale in Sector 38, Chandigarh City (Rs.6700/SqFeet)
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Locality Reviews Sector 38, Chandigarh City