ASCEND SERIES B – Hyderabad, IN
Residential FULLY FUNDED
| 5 Crores | 100% Funded |
|---|
ASCEND SERIES B – Hyderabad, IN
Residential FULLY FUNDED
| 5 Crores | 100% Funded |
|---|
Expected IRR
20%
Expected Yield
NA
Exp Holding Period
3 Years
Minimum Investment
10 Lakhs
Expected IRR
20%
Expected Holding Period
3 Years
Expected Yield
NA
Minimum Investment
10 Lakhs
Overview
Ascend Series B 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 is a fractional ownership product, which allows the investors to invest in industrial-grade assets with a minimum ticket size, and, earn high returns.
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 area: 32 Acres
- Project Use: Residential & Commercial
- Total area: 1.6 million sqft
- Storeys: 20
- To be constructed: By 2023
- Asset composition: 1, 2 & 3 BHK
AMENITIES
Gymnasium
Badminton court
Jogging track
Rain Water Harvesting
Clubhouse
Basketball
Yoga Area
24 x 7 Security
Gymnasium
Badminton court
Jogging track
Rain Water Harvesting
Clubhouse
Basketball
Yoga Area
24 x 7 Security
HIGHLIGHTS
- Premium units of 1, 2 and 3 Bhk apartments built in an area of 34 acres
- Below the market price as a launch offer.
- Just 20mins away from the financial district and
- At close proximity to ORR
- 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
| Q0 | Q1 | Q2 | Q3 | Q4 | Q5 | Q6 | Q7 | Q8 | Q9 | Q10 | Q11 | Q12 | |
| Investment | (25) | ||||||||||||
– Quarterly returns | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | |
| Repayment of Investment | 25 | ||||||||||||
| Profit share of Investor @ 5000 rs per sqft | 4.69 | ||||||||||||
| Investors Cashflow | (25) | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 30.44 |
| IRR | 20% | ||||||||||||
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
- Easy accessibility to IT offices
- Near to ORR
- Part of a 32 Acre gated community
- 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
Typical documentation involves KYC, AML(Anti-money laundering), and other mandatory financial documents. Apart from these, the additional documentation changes as per the product offerings.
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
- Application Form
- Term Sheet
- Deed of Adherence
Once the onboarding process is completed you will be receiving documents of
- Debenture Certificate
- Term Sheet
We take our investor privacy very seriously and cannot share their contact. You can visit our testimonials section, to understand their experience in a nutshell.
Investment
Our exclusive investors portal can be used for tracking the investment, checking regular updates, accessing transactional info, etc. Depending on the product offering investors have chosen, they can contact the asset manager assigned, for any additional queries.
No, the Debenture Holder (holding the NCDs) shall not transfer any of the NCDs, without the written consent of the Company.
In such case, the Company will be obligated to pay
- The principal amount outstanding in respect of the NCDs issued; and
- The Assured Interest in respect of the outstanding Principal amount
None. All the charges will be mentioned upfront. Assetmonk team discloses all the charges and fees that an investment attracts upfront to avoid any sort of inconveniences.
As an NRI, you can invest through your NRE/NRO account and enjoy the returns. For any custom solution, please get in touch with your relationship manager.
Cashflow
The returns vary from product to product. Typically fixed returns will be to the tune of 12% per annum.The expected IRR will be disclosed prior to investment to provide clarity to the investor.
The returns are provided on a quarterly basis for the current product. The returns typically vary from product to product. The pay-out frequency will defer from product to product which will be disclosed by the asset manager during the investment process.
- IT returns are filed promptly with the government
- Income for the year is below the prescribed non-taxable amount
As per the norms of the government, TDS will still be deducted from the investment amount paid by you, for every quarter until the tenure gets completed.
There is a reputed trustee who is a third party to oversee the terms agreed upon in the term sheet. There is also an underlying asset mortgaged with the trustee for the principal amount to negate the risk.
Highlights
Investors from 8 Countries
Average Yield is 10.5%
Average Target IRR is 19%
Investments in 3 major cities
