Residential    LIVE
15 Crores0% Funded


Residential    LIVE
15 Crores0% Funded

Expected IRR


Expected Yield


Exp Holding Period

15 Months

Minimum Investment

18 Lakhs

Expected IRR


Exp Holding Period

15 months

Expected Yield


Minimum Investment

18 Lakhs


Aspire Series A, is part of a lively community that is located on the OMR, just minutes away from major IT parks. With work just a short distance away, commute time reduces significantly. This property is a true address to luxury and modernity. The world-class infrastructure, amenities available in the vicinity making everyday life more exciting and hassle-free. From an international-standard cricket ground to a multipurpose clubhouse, this property has access to everything within the community. A Plethora of education and entertainment centers are also within close proximity to the township, along with an international school on-site.


  • At close proximity to the IT corridor, making the travel easier
  • World-class amenities and infrastructure
  • Easy commute access to every corner of the city.
  • A plethora of educational and entertainment options in close proximity
  • Part of a lively community built by a reputed builder


Our Growth product is benefitted by low investment price and a high capital appreciation. It is an early-stage investment offering enabling investors to invest in high growth potential assets.

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. Incor has 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.


Kelambakkam is a suburban and residential neighborhood in Chennai, India. It is located in the south-eastern portion of the city along the Old Mahabalipuram Road (OMR) and is closely located at Siruseri IT Park and Sholinganallur junction in South Chennai. Due to rapid development, good water availability, and excellent road infrastructure with easy accessibility to all parts of Chennai, a lot of apartments and villas have come up in Kelambakkam. The area has all the necessary amenities required for comfortable living and it is well equipped with social infrastructure.

Chennai the capital state of Tamil Nadu is the biggest cultural, economic and educational center of south India. Chennai also is known as the ‘Detroit of India’ is a bustling metropolis with its supremacy in diverse sectors like IT, education, health care, automobile, etc. More than one-third of India’s automobile industry being based in the city. Chennai is also known as the Health capital of India. Apart from IT/ITeS and financial services, Chennai’s economy is driven by the automotive, manufacturing, telecom, and semiconductor sectors. The Quality of Living Survey rated Chennai as the safest city in India. With vast employment opportunities and infrastructural development in Chennai, the city is doing immensely well in the real estate sector.


Kelambakkam is well connected to almost all important destinations in Chennai city like T.Nagar, CMBT, Broadway, Central Railway station, Tambaram through frequent MTC bus services. The new bus depot for Kelambakkam is under process for the MTC bus shelter. The bus terminus being constructed in Vandalur will take 20 minutes to reach through Vandalur-Kelambakkam road. This bus terminus will be the largest bus terminus in Asia and become operational from the year 2020. Metro Train project- Phase 2 is under process which connects Madhavaram with Siruseri IT park. Once the Metro train is operational, it will be a game-changer for the overall development of this location.


  • Project area42 Acres

  • Project UseResidential

  • Total area:  NA
  • StoreysNA 

  • To be constructedBy 2022

  • Asset composition1, 2 & 3 BHK


Swimming pool  Swimming pool

Basketball  Basketball

cricket stadium  cricket stadium

Tennis court  Tennis court

Open space  Open space

Jogging track  Jogging track

Swimming pool  Swimming pool

Basketball  Basketball

cricket stadium  cricket stadium

Tennis court  Tennis court

Open space  Open space

Jogging track  Jogging track


  1. A fully functional sports arena that stays awake 24X7.
  2. A 40,000 sq ft. Clubhouse, Swimming Pool, Multi Turf Tennis Courts, Library.
  3. On-site school to be completed soon.
  4. Located at the close proximity to Chennai international airport.
Execution Risk:

The property is part of a 42 acre development. It is part of the 3 phase development. First phase is already completed and second phase is under construction. The company has a track record of completing the projects on time. This ensures that the execution risk is minimum.

Title Risk:

Title is one of the main risk factor while considering the investments in real estate. The Chennai property is a 42 acre development where the first phase is already constructed and operational. Also the second phase is also RERA approved. The project also attracted investments from financial institutions like Motilal Oswal and also couple of Israeli firms, and had undergone thorough due diligence already. Also the project is approved by various financial institutions like SBI etc validating the title documents. 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. There is continuous rental income from day 1 leading to less risk for the investor.

Exit Risk:

The major condition for the investment is the risk strategy. There is a tenant in place for the building. This ensures that in the future it is easy to sell the property. A pre-leased apartment is always easier to sell as there is a steady cash flow. There is no hassle in finding the tenant and other problems typically faced by a home owner.

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 tenant has a lock in period ensuring the cash flow in beginning years. The term of investment is 10 years initially and can be extended upto 30 years. The product is offered at a discount compared to the current market rate.


The investment is offered to the customer at the rate of 2900 per sqft.

Current retail price offered to the customer in the product is an all inclusive price of 4300 per sqft

The benefits of the project are

  1. Easy accessibility to IT offices like SIPCOT, TCS Siruseri etc
  2. Educational institutions like SSN Engineering College, Hindustan College etc
  3. Hospitals like Chettinad Health City etc
  4. Part of a 42 Acre gated community
  5. Has a famous Vellamma school inside the community
  6. Amenities like functional Cricket Stadium etc

The above benefits will ensure that the prices of the product will achieve a conservative mark of more than 5000 by the end of the product tenure.


Individuals, banking companies, Primary Dealers (PDs), other corporate bodies registered or incorporated in India and unincorporated bodies, and Foreign Institutional Investors (FIIs) can invest in NCD.

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.

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

We pride on the level of due diligence each product undergoes before it makes it to our platform. Our selection criteria include factors like correct valuation, growth potential, clear title, legal compliance, regulatory compliance, risks involved, etc. However, investors are invited to perform their own due diligence, before making any decision, since every investment/ purchase decision is prone to some inherent risk factors.

The following documents need to be signed

  • Application form
  • Term Sheet
  • EOI


NRI’s cannot invest in NCD, they will be eligible for CCD.

No, the NCDs are not tradable in the stock market and a DMAT account will not be required as this is a private placement NCD.

The duration or holding period of these NCDs is 15 months.

There won’t be any milestone-based payment facility and need to be paid in full, as these are investment products

An EOI for your preference is taken and we will try to accommodate your preferences.


The face value of each NCD is Rs.10000

Once allotted the NCD cannot be canceled, but based on company approval the NCDs are transferable

At the end of the tenure, the investor will have either 3.33 sqft of an outstanding debenture or a return of premium with 12% interest per annum, from the date of allotment.

The following documents will be shared

  • Debenture certificate
  • Acknowledgment
  • Term sheet

Vistra ITCL is the trustee for the debenture. Vistra ITCL is the largest independent corporate trustee in India.

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