HIGH MONTHLY INCOME ON LOWEST CAPITAL INVESTMENT POSSIBLE AT HEBBAL BANGALORE NORTH - RARE FAMILY ASSET FOR MONTHLY INCOME
After the stupendous success of our first offer in Neotown – Electronic City (Bangalore South) wherein all 126 units were sold out in record time, G&C is proud to bring the most popular family income asset again & this time in a much better & futuristic location. An exceptional & exclusive offer in North Bangalore only for G & C clients by a highly reputed builder of Bangalore.
In the past 8 years, G&C has been flooded by regular requests from our loyal patrons spread around the globe, requesting good commercial investment opportunities that would generate a good fixed monthly income for their families. So far we have been unable to provide them with credible & safe investments as until recently, a good long term commercial asset would come at a minimum investment bracket of Rs.5 to 10 crore and hence a retail investor was in no way able to invest in such properties. In this context, our maiden offer as above was a runaway success and created a record waiting list for next venture of Starlit at Bangalore, as all 126 units in 1st venture as above were sold-out by internal spread of word among few investors. And hence we at G&C are proud to bring this second and last opportunity for Bangalore for the time being.
This asset is the most lucrative investment for any family because of its highly attractive rate of returns and more importantly the low investment bracket of just Rs. 39 lakhs to 112 lakhs depending on size of asset. This combination is very rare if not impossible to find - a fact that was soundly established when our first offer of 126 units was sold-out so fast that a number of prospective investors were left amazed that the entire project got sold out before they could even evaluate it completely. As a result, more than 70 such investors are waiting for this second opportunity and we urge you to take time out & make your decision fast so that you don’t lose out on this rare opportunity.
Also as the Founder Promoter of G&C, I take liberty of saying that it is a must for all well to do professionals, businessmen, retired & about to retire professionals as the same is ZERO risk asset and literally guaranteed income asset for next 20 years without any monitoring or management. We can very confidently say that in India, it is almost impossible to find such a commercial, monthly revenue generating asset at such a low investment threshold.
Project Overview
Type of Home Serviced Hotel Apartments.
Location Opposite MANYATA Tech Park, on the main ORR – Hebbal.
Size of Total Project: Close to 1 acre.
Type of Units Studio (455 Sft) / 1 BHK (682 Sft) / 2 BHK (1089 Sft) / 3
BHK (1300 Sft) | (Sizes may increase by 4-5% depending on final engineering drawings)
No. of Floors Basement + Ground + 9 Floors
Total No. of Units 231 Units.
Expected Commencement & Completion Date Commencement in 1 - 2 months & completion will be 3 years from now.
Sanctions Status Plan sanctions being applied for.
Budget Range Rs. 39 lakhs / Rs. 59 lakhs / Rs. 94 lakhs / Rs. 112 lakhs depending on size as above.
Expected Returns 14% to 15% average returns for next 15 years and up to 20 to 22% progressively.
USPs Secure way to get high monthly income and is exclusive to G&C and 1st time in India and hence rare to secure such asset class for ones family. Highest returns on Low capital investment spread over 36 months.
BASIC CONCEPT OF INVESTMENT AND RETURNS:
This tower is conceived / constructed & offered by one of the reputed builders of South India. After receiving 100% payment over a period of 2 years, the units will be handed over for initial period of 15 years to one of the leading serviced hotel suites operator named Starlit Group (on the lines of operators like Oakwood and Frasers of international fame). Thereafter Starlit will employ manpower (approx. staff of 50 to 60) and deploy working capital of Rs. 4 to 5 crore and run the building on revenue sharing basis which gives the investor secured annual returns which are paid out month after month. Please go through the Income Projections table at the end of this article.
Who would be the beneficiaries:
i) Anyone with the capability to invest own funds as low as Rs. 39 lakhs.
ii) Anyone who has a bank loan eligibility & is able to bring 30% of the cost from own funds.
iii) All families looking for fixed & secure monthly income. Girls who may be getting married after 2-4 years.
iv) Professionals, businessmen, about to retire and retired employees.
NRIs Visiting India:
Imagine an NRI buying this asset in his name & assigning income to his parents in India. What else can be better than having a 4 star accommodation on his visit to India with facility to even cook / warm light meals/snacks right in the heart of the city, having 24 hours room service with bar & restaurant in the same tower is a blessing (7 days per unit per year complimentary with breakfast). What more, G & C will be bringing a string of such facilities across the country in phases and since individual owners of Starlit Suites have complementary stay of 7 days each year, they can even choose the location as per convenience as interchanging complementary stay between other Starlit Suites locations is allowed.
Offer Details
Please read this detailed and most exhaustive offer document meant exclusively for G & C patrons and their families, relatives and their social contacts. This offer document is covered in 3 sections. Below sections will cover entire data and also calculations describing how the monthly income is generated. G & C has exclusive mandate for this offer and to structure similar tie-ups with top builders of each capital city.
a) Builders profile.
b) Starlit Group's profile and business model.
c) Investment offer details.
A) BUILDER’S PROFILE:
This builder has proven track-record of excellence in the real estate sector for over two decades. Their projects include the prestigious Manyata Tech Park & Residency – Hebbal, the gated-communities of Classic Orchards - Bannerghatta Road and Classic County – Kengeri.
They also have joint ventures with well-known real estate majors like Unitech, Brigade Group, Vaishnavi, Ashed Properties, Classic Group and Valdel Group for residential apartments, shopping malls, hotels, commercial office spaces and integrated townships in and around Bangalore and in second-tier burgeoning cities like Mysore. To top it all they already have a land-bank of over 500 acres.
For detailed profile of them please see the "Miscellaneous" tab/link at the end of this article.
B) STARLIT SUITES PROFILE.
C) INVESTMENT OFFER DETAILS:
HIGHLIGHTS:
Ground plus 14 storied iconic tower right in front of Manyata Tech Park.
The focus of future Bangalore is definitely shifting towards the North and the below pointers are ample proof for taking correct investment decisions now :
i) The International Airport, the Metro project, Flyovers, Underpasses, Road widening activities and other infrastructure projects indicate that there is a lot of demand for properties in north Bangalore.
ii) Upcoming Knowledge Hub with Reputed International Schools and Engineering Colleges.
iii) First Nano Park in North on 15 Acres.
iv) Aero SEZ on 1200 Acres.
v) Logistic Park next to BIAL.
vi) KSIIDC – 309 Acres with International Convention Centre Next to BIAL.
vii) Global Financial District.
viii) Bangalore Turf Club.
ix) Center has cleared deck for 12,000 acre ITIR project in North Bangalore.
x) Bangalore’s first pharma SEZ in Chikkaballapur district.
xi) Public Private Partnership (PPP) model for metro phase II in Bangalore.
xii) IT Sector seeks more lands in and around Devanahalli/Chikkaballapur.
xiii) Space city just 90 Kms from Bangalore in Devanahalli/Chikkaballapur District.
All the above add up to a cumulative investment of close to Rs. 1,15,000 crore. This is over & above the investments coming from the hospitality industry & the entertainment sector that is expected to prop up this place as an ideal social location in addition to an industrial hub.
CURRENT OFFER BY INVITATION ONLY:
Through exclusive tie-up with G&C as their principal marketing channel partners the builder is offering a limited number of units out of 231 total units.
Rs. 39 to Rs. 112 lakhs inclusive of 100% fit outs as per list at the bottom of this article and registration as applicable on date.
No additional premium for floor rise, premium location etc., as all units will give equal returns to every owner.
Booking Amount & Payment Terms:
10% for booking followed by another 10% at the time of agreement in 30 days. Rest of payments spread over 3 years from the date of agreement. Please see complete payment schedule and terms in the links at the end of this article.
Prices and sizes as a ready reckoner (price is inclusive of registration)
Studio of 455 Sft - Rs. 39 lakhs
1 BHK of 682 Sft - Rs. 59 lakhs
2 BHK of 1089 Sft - Rs. 94 lakhs
3 BHK of 1300 Sft - Rs. 112 lakhs
Above sizes may also vary by 4-5% in final engineering drawings during sanction process.
Feature List
Concierge Services
Swimming Pool
Gymnasium
Intercom Facility
Luggage & Shopping Cart
Comfortable Lounge
100% Power Backup
Restaurant
Internet
Conference Rooms
Individual Kitchenette
Basement Car Park
Fully Furnished Suites
RETURNS MATRIX:
Just by investing own funds of Rs. 16 to 45 lakhs one can secure an asset of Rs. 39 to 112 lakhs by taking a home loan where the EMI is going to be met out of monthly income that this project generates. This way you can expect the unit to be free in 9 years max by paying off loan and by which time asset would have also appreciated by atleast 250% & returns against your own funds deployed is technically 600% plus in 9 years (i.e. the 39 lakhs asset you avail by taking loan & investing your own funds of 16 lakhs will become atleast 90 lakhs by 9th year & debt free, thus giving 6 times return on your own invested funds). Its the same with bigger size investments.
The icing on the cake is unbelievable scenario as below:
1) Once you take loan as above, the same gets cleared in 9 years max. Which means Rs. 39 to 112 lakhs asset free in 9 years just by paying Rs. 16 to 45 lakhs own funds .
2) On top of above, a 39 lakhs unit is expected to fetch almost double the price of Rs. 80 – 90 lakhs if resold once loan is cleared.
3) One can also resell same anytime they want as new person will be bound by same old agreement terms of starlit.
Construction will commence in 1 to 2 months and possession in 3 years from commencement of construction as Starlit is keen to start as early as possible as they have already finished their marketing tie-ups with IT / ITES / Industries / MNCs.
One can take more than 1 unit and in fact many of our patrons who missed out earlier have indicated interest in 2 or 3 units.
Bank Loans:
We can assist you in applying for the loan as a complimentary service through our sister concern - MoneyTree Financial Services, which specialises in home loans & you may contact Sridhar Kumar (sridhar.kumar@gcglobal.in) for complete assistance in choosing the best loan from the bank of your choice and infact to save your time, you may start the process right away to get pre-sanction of your loan.
BIGGEST SWEETENER:
7 days per year complimentary stay for owner which means an NRI or Bangalorean or any Kannadiga can now think of being on his own in 4 star hotel ambience where he can call his guests to entertain as Starlit Suites will be fully equipped with gadgets including refrigerator, oven, cooking range & cutlery to entertain plus the attraction being well connected to any corner of Bangalore in max. 15 to 45 minutes.
Further, wherever Starlit Group operates in similar format anywhere in India, 4 days out of these 7 days can also be used on same basis subject to availability.
In addition to above, one can accumulate 2 years entitlement up to 14 days and out of same 7 days can be in other than mother location (In this case mother location is Bangalore).
Just for your idea Starlit Group is in the process of adding 3000 to 5000 units in next 5 years across India in all important cities which means one can move around multiple locations.
Above is an absolute blessing for NRIs and employees/businessmen located out of Bangalore as now they can visit Bangalore in style and free of cost (4 star accommodation will not be less than Rs. 6500/ per day).
The facility can be availed by the investor or his nominated relative or friend as special privilege.
BASIS OF INCOME:
1. Once all 231 units are completely constructed, furnished and fitted out as per list below, investors will take over the same by completing their registration & hand over the physical possession to Starlit Suites.
2. By this time Starlit Suits would have lined up their manpower (expected to be close to 70 to 100) and equipment along with hardware and software and sinking substantial working capital and will start renting out to corporate clients on extended stay basis.
3. For the first 2 years, the operator incurrs massive overheads untill operations stabilization, and hence 40% of gross earnings of entire complex will be divided and distributed among all 231 owners independent of whether a particular unit is occupied or not.
Average occupancy taken into consideration is 70% although operator is confident of achieving more & more progressively in subsequent years.
4. From 3rd year, operator is committed to share 50% gross receipts of entire complex.
The above translates (by calculating backward on investment of Rs. 39 lakhs) to an outstanding return of 8% – 9 % minimum in 1st year itself going right above 20% by last year. However as mentioned Starlit wants to be conservative and as per our assessment this returns may even start at 9% to 10%.
To understand how above calculations are arrived at, please see the enclosed income projection sheet for all 15 years lease period.
G&C VISION:
Very rare to get such safe fixed returns property and is only 1st of its kind in India.
1. Finding an asset which yields increasing returns at under 40 to 115 lakhs bracket is impossible.
On most conservative basis following are returns paid on MONTHLY BASIS ON 25th of following month :
8% – 9 % by 1st year( without considering the abrupt hike in capital appreciation of asset in 1st 3 years)
13% - 14% by 5th year
19% - 23% by 15th year.
if one takes into consideration 1st 3 years capital appreciation into combined effect as in 1st 4 –5 years asset may almost double in value, above average returns works out to 30% in 1st and 2nd years alone and hence is a NO –BRAINER Investment asset for any family looking for secured life with regular hassle free income( unlike individual management of res flat where one has to find tenant and collect rent etc., every month and then face the uncertainities of sudden vacation of flat and maintenance responsibility once in a while etc.,)
That too steady income unlike other schemes where income might fluctuate wildly (also, uniqueness to be noted is payment is on monthly basis accompanied by auditors certificate for every 3 months auditing entire revenue pool for the tower)
On optimistic basis, we tend to believe below returns after knowing their market study :
9% to 10% by 1st year besides capital appreciation effect as above
16% by 5th year
25% plus by 15th year.
Above means a resale value of Rs. 50 – 55 lakhs capital valuation for your unit after 2 years, Rs. 75 - 90 lakhs by 9th year and Rs. 105 – 120 lakhs by 13th year and so on .
As promoter of G&C, I am happy to see that lots of our investors’ who dreamt of investing in good asset for high monthly returns finally can choose this asset with ZERO risk as all along we have not been able to get them the same as there are no safe opportunities in this bracket.
LEGAL DOCUMENTS TO SECURE YOUR ABOVE FAMILY ASSET:
At the time of booking/signing agreement one has to sign an undertaking that they are buying this asset in conditionally agreement to lease the same to Starlit for 15 years.
Agreement signing:
a) Builders agreement to be signed against 20% of total cost after receiving all approvals.
b) Simultaneously rental pool management agreement with Starlit Group is to be signed. This will also cover investors rights to resell and continuation of same terms by new buyer etc.,
c) Any other relevant documents to safeguard.
BOOKINGS PROCEDURE:
For bookings or queries please call any of our team members as below:
Mr. Sebastian Joseph
GM - Business Development
Email: joseph@gcglobal.in
Mob: 9342500580
Mr. Shivakumar. S
Sr Manager - Business Development
Email: sks@gcglobal.in
Mob: 9686669172 / 9342882024
Mr. Sujeeth Joseph
Manager - Business Development
Email: sujeeth@gcglobal.in
Mob: 9686669173
Mr. Karthik Prabhu
Manager - Business Development
Email: karthik@gcglobal.in
Mob: 9986233354
Mr. Sridhar Kumar
Dy Manager - Bus Dev
Email: sridhar.kumar@gcglobal.in
Mob: 9686627071
Mr. Divyendhu Chowdary
Head - Retail & Hospitality
Email: adrc@gcglobal.in
Mob: 9980319639
 |
| Starlit Suites opposite Manyata Tech Park |
In the past 8 years, G&C has been flooded by regular requests from our loyal patrons spread around the globe, requesting good commercial investment opportunities that would generate a good fixed monthly income for their families. So far we have been unable to provide them with credible & safe investments as until recently, a good long term commercial asset would come at a minimum investment bracket of Rs.5 to 10 crore and hence a retail investor was in no way able to invest in such properties. In this context, our maiden offer as above was a runaway success and created a record waiting list for next venture of Starlit at Bangalore, as all 126 units in 1st venture as above were sold-out by internal spread of word among few investors. And hence we at G&C are proud to bring this second and last opportunity for Bangalore for the time being.
This asset is the most lucrative investment for any family because of its highly attractive rate of returns and more importantly the low investment bracket of just Rs. 39 lakhs to 112 lakhs depending on size of asset. This combination is very rare if not impossible to find - a fact that was soundly established when our first offer of 126 units was sold-out so fast that a number of prospective investors were left amazed that the entire project got sold out before they could even evaluate it completely. As a result, more than 70 such investors are waiting for this second opportunity and we urge you to take time out & make your decision fast so that you don’t lose out on this rare opportunity.
Also as the Founder Promoter of G&C, I take liberty of saying that it is a must for all well to do professionals, businessmen, retired & about to retire professionals as the same is ZERO risk asset and literally guaranteed income asset for next 20 years without any monitoring or management. We can very confidently say that in India, it is almost impossible to find such a commercial, monthly revenue generating asset at such a low investment threshold.
Project Overview
Type of Home Serviced Hotel Apartments.
Location Opposite MANYATA Tech Park, on the main ORR – Hebbal.
Size of Total Project: Close to 1 acre.
Type of Units Studio (455 Sft) / 1 BHK (682 Sft) / 2 BHK (1089 Sft) / 3
BHK (1300 Sft) | (Sizes may increase by 4-5% depending on final engineering drawings)
No. of Floors Basement + Ground + 9 Floors
Total No. of Units 231 Units.
Expected Commencement & Completion Date Commencement in 1 - 2 months & completion will be 3 years from now.
Sanctions Status Plan sanctions being applied for.
Budget Range Rs. 39 lakhs / Rs. 59 lakhs / Rs. 94 lakhs / Rs. 112 lakhs depending on size as above.
Expected Returns 14% to 15% average returns for next 15 years and up to 20 to 22% progressively.
USPs Secure way to get high monthly income and is exclusive to G&C and 1st time in India and hence rare to secure such asset class for ones family. Highest returns on Low capital investment spread over 36 months.
BASIC CONCEPT OF INVESTMENT AND RETURNS:
This tower is conceived / constructed & offered by one of the reputed builders of South India. After receiving 100% payment over a period of 2 years, the units will be handed over for initial period of 15 years to one of the leading serviced hotel suites operator named Starlit Group (on the lines of operators like Oakwood and Frasers of international fame). Thereafter Starlit will employ manpower (approx. staff of 50 to 60) and deploy working capital of Rs. 4 to 5 crore and run the building on revenue sharing basis which gives the investor secured annual returns which are paid out month after month. Please go through the Income Projections table at the end of this article.
Who would be the beneficiaries:
i) Anyone with the capability to invest own funds as low as Rs. 39 lakhs.
ii) Anyone who has a bank loan eligibility & is able to bring 30% of the cost from own funds.
iii) All families looking for fixed & secure monthly income. Girls who may be getting married after 2-4 years.
iv) Professionals, businessmen, about to retire and retired employees.
NRIs Visiting India:
Imagine an NRI buying this asset in his name & assigning income to his parents in India. What else can be better than having a 4 star accommodation on his visit to India with facility to even cook / warm light meals/snacks right in the heart of the city, having 24 hours room service with bar & restaurant in the same tower is a blessing (7 days per unit per year complimentary with breakfast). What more, G & C will be bringing a string of such facilities across the country in phases and since individual owners of Starlit Suites have complementary stay of 7 days each year, they can even choose the location as per convenience as interchanging complementary stay between other Starlit Suites locations is allowed.
Offer Details
Please read this detailed and most exhaustive offer document meant exclusively for G & C patrons and their families, relatives and their social contacts. This offer document is covered in 3 sections. Below sections will cover entire data and also calculations describing how the monthly income is generated. G & C has exclusive mandate for this offer and to structure similar tie-ups with top builders of each capital city.
a) Builders profile.
b) Starlit Group's profile and business model.
c) Investment offer details.
A) BUILDER’S PROFILE:
This builder has proven track-record of excellence in the real estate sector for over two decades. Their projects include the prestigious Manyata Tech Park & Residency – Hebbal, the gated-communities of Classic Orchards - Bannerghatta Road and Classic County – Kengeri.
They also have joint ventures with well-known real estate majors like Unitech, Brigade Group, Vaishnavi, Ashed Properties, Classic Group and Valdel Group for residential apartments, shopping malls, hotels, commercial office spaces and integrated townships in and around Bangalore and in second-tier burgeoning cities like Mysore. To top it all they already have a land-bank of over 500 acres.
For detailed profile of them please see the "Miscellaneous" tab/link at the end of this article.
B) STARLIT SUITES PROFILE.
C) INVESTMENT OFFER DETAILS:
HIGHLIGHTS:
Ground plus 14 storied iconic tower right in front of Manyata Tech Park.
The focus of future Bangalore is definitely shifting towards the North and the below pointers are ample proof for taking correct investment decisions now :
i) The International Airport, the Metro project, Flyovers, Underpasses, Road widening activities and other infrastructure projects indicate that there is a lot of demand for properties in north Bangalore.
ii) Upcoming Knowledge Hub with Reputed International Schools and Engineering Colleges.
iii) First Nano Park in North on 15 Acres.
iv) Aero SEZ on 1200 Acres.
v) Logistic Park next to BIAL.
vi) KSIIDC – 309 Acres with International Convention Centre Next to BIAL.
vii) Global Financial District.
viii) Bangalore Turf Club.
ix) Center has cleared deck for 12,000 acre ITIR project in North Bangalore.
x) Bangalore’s first pharma SEZ in Chikkaballapur district.
xi) Public Private Partnership (PPP) model for metro phase II in Bangalore.
xii) IT Sector seeks more lands in and around Devanahalli/Chikkaballapur.
xiii) Space city just 90 Kms from Bangalore in Devanahalli/Chikkaballapur District.
All the above add up to a cumulative investment of close to Rs. 1,15,000 crore. This is over & above the investments coming from the hospitality industry & the entertainment sector that is expected to prop up this place as an ideal social location in addition to an industrial hub.
CURRENT OFFER BY INVITATION ONLY:
Through exclusive tie-up with G&C as their principal marketing channel partners the builder is offering a limited number of units out of 231 total units.
Rs. 39 to Rs. 112 lakhs inclusive of 100% fit outs as per list at the bottom of this article and registration as applicable on date.
No additional premium for floor rise, premium location etc., as all units will give equal returns to every owner.
Booking Amount & Payment Terms:
10% for booking followed by another 10% at the time of agreement in 30 days. Rest of payments spread over 3 years from the date of agreement. Please see complete payment schedule and terms in the links at the end of this article.
Prices and sizes as a ready reckoner (price is inclusive of registration)
Studio of 455 Sft - Rs. 39 lakhs
1 BHK of 682 Sft - Rs. 59 lakhs
2 BHK of 1089 Sft - Rs. 94 lakhs
3 BHK of 1300 Sft - Rs. 112 lakhs
Above sizes may also vary by 4-5% in final engineering drawings during sanction process.
Feature List
Concierge Services
Swimming Pool
Gymnasium
Intercom Facility
Luggage & Shopping Cart
Comfortable Lounge
100% Power Backup
Restaurant
Internet
Conference Rooms
Individual Kitchenette
Basement Car Park
Fully Furnished Suites
RETURNS MATRIX:
Just by investing own funds of Rs. 16 to 45 lakhs one can secure an asset of Rs. 39 to 112 lakhs by taking a home loan where the EMI is going to be met out of monthly income that this project generates. This way you can expect the unit to be free in 9 years max by paying off loan and by which time asset would have also appreciated by atleast 250% & returns against your own funds deployed is technically 600% plus in 9 years (i.e. the 39 lakhs asset you avail by taking loan & investing your own funds of 16 lakhs will become atleast 90 lakhs by 9th year & debt free, thus giving 6 times return on your own invested funds). Its the same with bigger size investments.
The icing on the cake is unbelievable scenario as below:
1) Once you take loan as above, the same gets cleared in 9 years max. Which means Rs. 39 to 112 lakhs asset free in 9 years just by paying Rs. 16 to 45 lakhs own funds .
2) On top of above, a 39 lakhs unit is expected to fetch almost double the price of Rs. 80 – 90 lakhs if resold once loan is cleared.
3) One can also resell same anytime they want as new person will be bound by same old agreement terms of starlit.
Construction will commence in 1 to 2 months and possession in 3 years from commencement of construction as Starlit is keen to start as early as possible as they have already finished their marketing tie-ups with IT / ITES / Industries / MNCs.
One can take more than 1 unit and in fact many of our patrons who missed out earlier have indicated interest in 2 or 3 units.
Bank Loans:
We can assist you in applying for the loan as a complimentary service through our sister concern - MoneyTree Financial Services, which specialises in home loans & you may contact Sridhar Kumar (sridhar.kumar@gcglobal.in) for complete assistance in choosing the best loan from the bank of your choice and infact to save your time, you may start the process right away to get pre-sanction of your loan.
BIGGEST SWEETENER:
7 days per year complimentary stay for owner which means an NRI or Bangalorean or any Kannadiga can now think of being on his own in 4 star hotel ambience where he can call his guests to entertain as Starlit Suites will be fully equipped with gadgets including refrigerator, oven, cooking range & cutlery to entertain plus the attraction being well connected to any corner of Bangalore in max. 15 to 45 minutes.
Further, wherever Starlit Group operates in similar format anywhere in India, 4 days out of these 7 days can also be used on same basis subject to availability.
In addition to above, one can accumulate 2 years entitlement up to 14 days and out of same 7 days can be in other than mother location (In this case mother location is Bangalore).
Just for your idea Starlit Group is in the process of adding 3000 to 5000 units in next 5 years across India in all important cities which means one can move around multiple locations.
Above is an absolute blessing for NRIs and employees/businessmen located out of Bangalore as now they can visit Bangalore in style and free of cost (4 star accommodation will not be less than Rs. 6500/ per day).
The facility can be availed by the investor or his nominated relative or friend as special privilege.
BASIS OF INCOME:
1. Once all 231 units are completely constructed, furnished and fitted out as per list below, investors will take over the same by completing their registration & hand over the physical possession to Starlit Suites.
2. By this time Starlit Suits would have lined up their manpower (expected to be close to 70 to 100) and equipment along with hardware and software and sinking substantial working capital and will start renting out to corporate clients on extended stay basis.
3. For the first 2 years, the operator incurrs massive overheads untill operations stabilization, and hence 40% of gross earnings of entire complex will be divided and distributed among all 231 owners independent of whether a particular unit is occupied or not.
Average occupancy taken into consideration is 70% although operator is confident of achieving more & more progressively in subsequent years.
4. From 3rd year, operator is committed to share 50% gross receipts of entire complex.
The above translates (by calculating backward on investment of Rs. 39 lakhs) to an outstanding return of 8% – 9 % minimum in 1st year itself going right above 20% by last year. However as mentioned Starlit wants to be conservative and as per our assessment this returns may even start at 9% to 10%.
To understand how above calculations are arrived at, please see the enclosed income projection sheet for all 15 years lease period.
G&C VISION:
Very rare to get such safe fixed returns property and is only 1st of its kind in India.
1. Finding an asset which yields increasing returns at under 40 to 115 lakhs bracket is impossible.
On most conservative basis following are returns paid on MONTHLY BASIS ON 25th of following month :
8% – 9 % by 1st year( without considering the abrupt hike in capital appreciation of asset in 1st 3 years)
13% - 14% by 5th year
19% - 23% by 15th year.
if one takes into consideration 1st 3 years capital appreciation into combined effect as in 1st 4 –5 years asset may almost double in value, above average returns works out to 30% in 1st and 2nd years alone and hence is a NO –BRAINER Investment asset for any family looking for secured life with regular hassle free income( unlike individual management of res flat where one has to find tenant and collect rent etc., every month and then face the uncertainities of sudden vacation of flat and maintenance responsibility once in a while etc.,)
That too steady income unlike other schemes where income might fluctuate wildly (also, uniqueness to be noted is payment is on monthly basis accompanied by auditors certificate for every 3 months auditing entire revenue pool for the tower)
On optimistic basis, we tend to believe below returns after knowing their market study :
9% to 10% by 1st year besides capital appreciation effect as above
16% by 5th year
25% plus by 15th year.
Above means a resale value of Rs. 50 – 55 lakhs capital valuation for your unit after 2 years, Rs. 75 - 90 lakhs by 9th year and Rs. 105 – 120 lakhs by 13th year and so on .
As promoter of G&C, I am happy to see that lots of our investors’ who dreamt of investing in good asset for high monthly returns finally can choose this asset with ZERO risk as all along we have not been able to get them the same as there are no safe opportunities in this bracket.
LEGAL DOCUMENTS TO SECURE YOUR ABOVE FAMILY ASSET:
At the time of booking/signing agreement one has to sign an undertaking that they are buying this asset in conditionally agreement to lease the same to Starlit for 15 years.
Agreement signing:
a) Builders agreement to be signed against 20% of total cost after receiving all approvals.
b) Simultaneously rental pool management agreement with Starlit Group is to be signed. This will also cover investors rights to resell and continuation of same terms by new buyer etc.,
c) Any other relevant documents to safeguard.
BOOKINGS PROCEDURE:
For bookings or queries please call any of our team members as below:
Mr. Sebastian Joseph
GM - Business Development
Email: joseph@gcglobal.in
Mob: 9342500580
Mr. Shivakumar. S
Sr Manager - Business Development
Email: sks@gcglobal.in
Mob: 9686669172 / 9342882024
Mr. Sujeeth Joseph
Manager - Business Development
Email: sujeeth@gcglobal.in
Mob: 9686669173
Mr. Karthik Prabhu
Manager - Business Development
Email: karthik@gcglobal.in
Mob: 9986233354
Mr. Sridhar Kumar
Dy Manager - Bus Dev
Email: sridhar.kumar@gcglobal.in
Mob: 9686627071
Mr. Divyendhu Chowdary
Head - Retail & Hospitality
Email: adrc@gcglobal.in
Mob: 9980319639
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