ASCEND SERIES A – Hyderabad, IN

Residential     FULLY FUNDED
100%
10 Crores100% Funded

ASCEND SERIES A – Hyderabad, IN

Residential     FULLY FUNDED
10 Crores100% Funded
Lakecity

Expected IRR

21%

Expected Yield

NA

Exp Holding Period

3 Years

Minimum Investment

10 Lakhs

Expected IRR

21%

Expected Holding Period

3 Years

Expected Yield

NA

Minimum Investment

10 Lakhs

Overview

Ascend Series A is benefitted from the double advantage of high fixed returns and profit upside. The underlying asset is one a kind of mixed Residential project. Compact housing units with luxury amenities along with a retail mall in a 32-acre community. The advantage of good access to ORR, IT, and industrial hubs of Hyderabad owing to the strategic location of the property. Lush green landscape walkways illuminated with a beautiful sight of a natural lake stand as a huge attraction to the property. Opportunity to own a high yielding real estate property at an affordable ticket size.

Highlights

  • Meticulously built in 32acres of land.
  • Strategically located on the Mumbai highway and in close proximity to ORR, which makes the property accessible from every corner of the city.
  • Outstanding in-house amenities like clubhouse, malls, and multiplexes in the property.
  • Located right next to a beautiful natural lake.

Growth Plus

Growth plus product is a fractional ownership investment, helping our investors to invest with a minimum ticket size. This product helps our investors to own a fraction of high net worth investors.

About Builder

Incor has a proven track record of building high-quality townships, delivered on time, and has earned a reputation for creating a great social life for the residents of its townships. It was founded by a cartel of NRI’s returned from the US with a vision to form a premium global conglomerate with a clear focus on diverse businesses within the group. It is anchored by professionals from various backgrounds in Real Estate, IT, Healthcare, and Infrastructure. Incor is a partner in PBEL – which is a JV between Israeli giants Property and Building Corporation (PBC), Electra Real Estate (ERE), and Incor Infrastructure.

Over the last 16 years, Incor has been creating landmark residential and commercial projects across Hyderabad, Chennai, Bangalore, and Rajahmundry. With 7 Mn Sqft of completed and planned projects, Incor has a rich experience in this field, and has a loyal customer base, along with long term business partners. In addition to Real Estate, the Incor group operates a chain of hospitals under the name “OMNI” in 3 cities and a co-living brand called Boston living. The company is set on high values of quality and integrity and is committed to bringing world-class infrastructure to India.

Location

Patancheru is an industrial hub of Hyderabad, located about 32 km from the city center on the Hyderabad-Solapur highway. Development of Patancheru has started during the times of Indira Gandhi when she established an industrial park here. ORR is just 25km from Patancheru which makes Patancheru one of the quickly developing areas of Hyderabad. Located just 18kmaway from Hi-tech city the IT hub of Hyderabad. Patancheru hosts some huge industries like Agarwal Rubber Limited, and Asian Paints, Aurobindo Pharma, paragon polymer products Pvt ltd, hardware, Fenner, Pennar Kirby Building Systems. Patancheru is also home to retailing companies, most of them have warehouses. The huge development of infrastructure in and around Patancheru has up the real estate market here.

Hyderabad is the fastest-growing metropolitan city in India. It hosts many fortune 500 companies in the heart of the city, Hitech city. The developing economy of Hyderabad attracts many software, pharmaceutical industries, and education institutions. Hyderabad has become the most preferred city for Real Estate investments over the past decade. The primary reasons for Hyderabad’s rise as a destination for real estate investment are the development of the IT corridor, affordability of commercial and residential real estate and great employment opportunities.

Connectivity

Being located very close to ORR, Patancheru is also well connected to every corner of the city through road and also railway. Lingampalli Rail Way Station, Chandanagar Railway Station a very close to Patancheru. It also has well-developed bus transportation around the city. Buses are readily available at all times to Lingampally, Bolarum, Lingampally, Muttangi are nearby developed areas.

Unit Details

  • Project area32 Acres

  • Project UseResidential & Commercial

  • Total area:  1.6 million sqft
  • Storeys20 

  • To be constructedBy 2023

  • Asset composition1, 2 & 3 BHK

AMENITIES

Gymnasium  Gymnasium


Badminton court   Badminton court


Jogging track   Jogging track

Rain Water Harvesting  Rain Water Harvesting


 Clubhouse   Clubhouse


Basketball   Basketball

 Yoga Area   Yoga Area


  24 x 7 Security   24 x 7 Security

Gymnasium  Gymnasium


Badminton court   Badminton court


Jogging track   Jogging track


Rain Water Harvesting  Rain Water Harvesting


 Clubhouse   Clubhouse


Basketball   Basketball


 Yoga Area   Yoga Area


  24 x 7 Security   24 x 7 Security

HIGHLIGHTS

  1. Premium units of 1, 2 and 3 Bhk apartments built in an area of 34 acres
  2. Below the market price as a launch offer.
  3. Just 20mins away from the financial district and
  4. At close proximity to ORR
  5. Ample parking space and well-developed water and electricity connection

OVERVIEW

Assetmonk team takes pride in the amount of due diligence and risk mitigation steps it takes before taking up any investment opportunity for the investor. Let us get down to analysing different types of risks associated with any real estate transaction, and how this opportunity has those risks addressed.

Execution Risk:

The property is in final stages of approval. The property is purchased from a corporate entity and the title is clear. Detailed legal, technical and regulatory due diligence undertaken by independent third-party consultants with reports.

Title Risk:

Title is one of the main risk factor while considering the investments in real estate. The property is a 32 acre development. The project also attracted investments from financial institutions like Altico and had undergone thorough due diligence already. This makes the title clear and there is no ambiguity with regards to any doubts in terms of ownership.

Financial Risk

The major concern is the overall position of the developer to complete the development of product.  Also the developer has initially tied up with investment companies/ Financial institutions for the cash flow. So the probability of the project not completing due to financial constraints is negligible.

Exit Risk:

The major condition for the investment is the risk strategy. Currently the launch price of the product is much higher than the offered price. Once the building is completely constructed it will be easier to sell to the customers there by facilitating the exit of the investor. However, in the scenario the security is not sold the developer needs to buy back the security at the average price of last quarter. This ensures the exit for the investor.

Investment Risk:

The product involves a trustee who ensures that the payment of interest is made on time to the investors. This ensures that the interest is received on time by customer. As per the terms mentioned the principal should be returned at the end of the duration along with profit share. The product is offered at a discount compared to the current market rate. This ensures that the principle is guaranteed while exit.  Investors also are protected by the fact that for nearly half the term of the tenure, the assets will be fully developed and ready to occupy state, ensuring better security to investment.

Regulation Risk:

The product offered comes under the purview of Ministry of Corporate affairs and need to be registered with them. There is also a trustee involved to oversee the compliance of the terms specified.

OVERVIEW

Cash flow of the investor is mentioned below for a sample investment of 25 lakhs, that attracts 3% payout every quarter.

All figures above are in INR lakhs

Q0Q1Q2Q3Q4Q5Q6Q7Q8Q9Q10Q11Q12
Investment(25)

Quarterly returns

0.750.750.750.750.750.750.750.750.750.750.750.75
Repayment of Investment25
Profit share of Investor @ 5000 rs per sqft4.69
Investors Cashflow(25)0.750.750.750.750.750.750.750.750.750.750.7530.44
IRR20%

The investment is offered to the customer at the rate of 3100 per sqft.

Current retail price offered to the customer in the product is an all inclusive price of 4500 per sqft

The benefits of the project are

  1. Easy accessibility to IT offices
  2. Near to ORR
  3. Part of a 32 Acre gated community
  4. Accessibility to retail space coming in future

The above benefits will ensure that the prices of the product will achieve a conservative mark of more than 5500 by the end of the product tenure.

While keeping in mind the continuous cash flow along with the profit share in the end we can expect a minimum IRR of more than 20%

IRR is nothing but the rate of return for the duration of the period.

Property

You are free to visit the property. However, if you want our help in arranging the visit, please make sure you keep us/the investment manager informed, to make sure the property access is smooth

Assetmonk will take care of managing deposits and rent collection and will be representing the owner to tenants. We will also assist in selling the unit if required. The basic maintenance of the unit and tower is managed by us and we are the single point of contact to both the owner and tenant.

Each of the offerings come with a force majeure clause, and in the unlikely case of that event, that corresponding clause will come into the picture. Please make sure that all the terms are read properly before the investment.

Depending on the type of the underlying asset, there can be specific insurance like construction insurance or building insurance that may be applied by the developer or the asset owner.

All assets go through our standardized due diligence process. For investors, the due diligence documents will be shared once the booking is done. Investors are advised to carry out their own due diligence as well and to discuss any queries with the investment manager.

Investment

Typical documentation involves KYC, AML and other mandatory financial documents. Apart from these, the additional documentation changes as per the product offerings.

From a sale of asset perspective, some offerings come along with minor lock- in periods, and the others are plain products. Also, assets with Long term lease option, requires that the new buyer also enters into the lease contract until the term is completed. Apart from these considerations, you are free to exit at any time, through transfer to anyone. You can also approach your assigned asset manager for any assistance.

The minimum investment varies from product to product, depending on the nature of the ownership pattern. Maximum investment will be depending on the number of available assets at any point of time in a particular offering, and can vary accordingly. We will not be able to hold/ assure the availability of inventory for any particular amount, due to the attractive nature of the curated products offered.

All these investments are paid in full amount, upfront. Since these are considered as investments and not house purchases, you may not be able to avail of home loan benefits, but can go for a business loan or a personal loan, which may come with a slightly higher interest rate.

Yes you will be signing

  • Term Sheet
  • Deed of Adherence
  • Debenture Trustee Agreement

Cashflow

The returns vary from product to product. Typically fixed returns will be to the tune of 10-12% per annum. The expected IRR and yields will be disclosed prior to investment only to avoid any inconvenience.

Initially, returns will be distributed every quarter until the time of completion, and post-handover they are disbursed on a monthly basis. The payout frequency will defer from product to product which will be disclosed by the asset manager during the investment process.

It depends on the type of product you have chosen to invest in. Offerings where the developer offered to bear the construction risk as a part of the returns shared, the periodic returns will not be affected

There won’t be any milestone-based payment facility, since these are investment products, they are to be paid in full.

As per the government norm, TDS of 10% will be deducted from the investment amount paid by you, for every quarter until the tenure gets completed

Yes you can get the TDS refund, provided:

  1. IT returns are filed promptly with the government
  2. Income for the year is below the prescribed non-taxable amount

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