BOSTON SUITES AND CONDOS – Bangalore, IN
Commercial UPCOMING
| 20 Crores | 0% Funded |
|---|
BOSTON SUITES AND CONDOS – Bangalore, IN
Residential / Co-Living UPCOMING
| 20 Crores | 0% Funded |
|---|
Expected IRR
18%*
Expected Yield
8%
Exp Holding Period
33 years
Minimum Investment
38 Lakhs
Expected IRR
18%*
Exp Holding Period
33 years
Expected Yield
8%
Minimum Investment
38 Lakhs
Overview
Boston Suites and Condos, India’s first-ever Hotel-condo project. This property with world-class amenities and infrastructure in and around the property stands as a meaning for modern sophistication. The virtue of the location saves precious time normally wasted in the commute and gives you more time to enjoy with the family because the memories created at home are the ones you’ll always treasure. An outstanding opportunity to invest in the epicenter of Bangalore city, with enticing returns and investor benefits.
Highlights
- Strategic location the posh residential area with world-class amenities
- Guaranteed 8% returns for the first 6 years
- 3 times more return compared to residential investments
- Excellent demand from the tenants
- Additional lifestyle benefits for the investors
Yield
Yield is a long term investment product offering regular returns and a high capital appreciation. An attractive investment product for investors looking to generate passive income.
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
Whitefield is the hottest location in Bangalore city. With massive IT parks, Hospitals, International Schools, and Restaurants, it is one of the highly developed cities of India. Whitefield is also a niche for the most luxurious apartments of Bangalore. Being in close proximity to many IT companies and other facilities makes this place more appealing to the IT employees. This suburb is also well connected to every corner of the city.
Bangalore also known as ‘Silicon Valley’ is the capital of the state of Karnataka and the IT capital of India. Bangalore is the second-fastest-growing and the fifth-highest-income Indian city by GDP per capita. Indian technological organizations ISRO, Infosys, Wipro, and HAL have their headquarters in this city. It is also home to many reputed educational institutions such as the Indian Institute of Science (IISc), Indian Institute of Management (Bangalore) (IIMB). The establishment of highly reputed educational institutions in Bangalore made it a city with a highly educated workforce in the world. Good employment opportunities here have led to huge migrations and a significant increase in the population in Bangalore. Bangalore also has well-developed air, rail, and road transport systems. This city also offers a plethora of entertainment options along with luxurious urban living.
Connectivity
This property due to its strategic location is well connected to every corner of the city. Metro is just 10 minutes away from Carmel Heights. It is situated right next to Forum Mall and surrounded by many other commercial malls. Walkable distance to all basic amenities like Columbia Asia Hospital, Varthur main road, Virginia Mall and educational institutions. Well developed public transport is also a quick commute option from the property.
UNIT DETAILS
- Project Use:: Commercial
- Total area: 4 Acres
- Storeys: 18
- Asset composition: Suites and Condos
AMENITIES
Swimming pool
Basketball
cricket stadium
Tennis court
Open space
Jogging track
Swimming pool
Basketball
cricket stadium
Tennis court
Open space
Jogging track
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 analyzing different types of risks associated with any real estate transaction, and how this opportunity has those risks addressed.
Execution Risk:
The property is in the final stages of approval. The property is part of a large parcel where the remaining area has already received the RERA approvals and is under construction. Detailed legal, technical, and regulatory due diligence is undertaken by independent third-party consultants with reports.
Title Risk:
The title is one of the main risk factors while considering investments in real estate. The property is a 4-acre development. The property has already received RERA approval for phase 1 and the construction is underway. The RERA has thoroughly checked the property title and awarded the approval. 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 the 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 investment is the risk strategy. Once the building is completely constructed it will be easier to sell to the customers thereby facilitating the exit of the investor. The property is tenanted thereby generating continued returns to the client making it easier to sell at the time of exit.
Investment Risk:
The product is offered at an attractive rate and the unit is registered in the name of the customer. The property is the collateral that ensures that the investment of the investor is secure. The property is also located in Whitefield thereby ensuring there is property appreciation for the client. There is a tenant already for the property increasing the chances of sales and reducing the investment risk.
Overview
The cash flow for a sample investment of 1 Crore INR is mentioned below
| Q0 | Q1 | Q2 | Q3 | Q4 | Q5 | Q6 | Q7 | Q8 | Q9 | Q10 | Q11 | Q12 | |
| Investment | (100) | ||||||||||||
| – Quarterly returns | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | 1.76 | |
The cash flow according to the variation of the investment.
| Cashflow | Year 1-3 | Year 4-6 | Year 7 onwards |
| Condo | Rs.22K | Rs.22K or 42.5% Revenue share | 42.5% Revenue Share |
| Suite | Rs.31.5K | Rs.31.5 K or 42.5% Revenue share | 42.5% Revenue Share |
The investment is offered to the customer at the rate of 8500 per sqft.
The benefits of the project are
Easy accessibility to IT offices
- Beside forum mall
- Confirmed tenant
Located in the prime locality of Whitefield
The investor can also enjoy the added advantage of lifestyle benefits along with attractive returns. The property already has a confirmed tenant. By the virtue of its location in a prime location, the chances of higher returns in the future are high. The upcoming revenue-sharing model will lead to the possibility of higher returns.
Property
The property is located in Whitefield, spread in an area of 4 acres. Built-in the epicenter of Bangalore it has easy access to all the required amenities and infrastructure.
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 smooth.
Typical documentation involves KYC, and, other mandatory financial documents. Apart from these, the additional documentation changes as per the product offering’s requirement.
All assets go through our standardized due diligence process. To the 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.
Each of the offerings come with a force majeure clause, and in the unlikely In the 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.
Investment
For investing in suites, the minimum investment would be 54 lakhs, for 650 sq ft, with a cash flow of 31.5k for a time period of 6 years.
After the investment, the additional benefits you can claim are a yearly two weeks free stay which has a value close to 75k per annum, and other benefits like access to the clubhouse and discounts on booking room, etc.
For investing in suites, the minimum investment would be 38 lakhs, for 460 sq ft, with a cash flow of 22k for a time period of 6 years along with 42.5% rev share.
After the investment, the additional benefits you can claim are a yearly two weeks free stay which has a value close to 60k per annum, and free access amenities as well.
To buy a property through assetmonk.com, you need to follow the following steps:
- Check out our website.
- Select the property that meets your criteria and click on the express interest button.
- Our team will reach out to you and explain all the details of the investment and clear your queries if any.
- You can then go on a site visit of the selected property with our property experts.
- After closing the deal- We handle all legal paperwork and manage all documentation work with the required parties.
Cashflow
Typically we offer you a guaranteed return of 8% rental income For 6 years. The expected IRR and yields in detail will be disclosed prior to investment only to avoid any inconvenience.
In a condo,during the developmental phase cashflow will be 22k per month for 3 years, while in the operational phase, an option to choose monthly cash flows, or 42.5% revenue, till year 6. Post 6 years revenue of 42.5 % is shared.
In a suite, during the developmental phase cashflow will be 31.5k per month for 3 years. While in the operational phase, an option to choose monthly cash flows or 42.5% revenue, till year 6. Post 6 years revenue of 42.5 % is shared.
- Less maintenance cost
One of the best advantages of condo ownership is that the management does the exterior property maintenance for you. Neither you nor your tenant bears the responsibility.
- Affordability
As an investment, it's typically less expensive to purchase a condo than a single-family home or apartment with similar features.
- Amenities
A big benefit of condo living is access to high-quality community amenities. Amenities like club room, gymnasium, in-house cafe, and lounge areas are desirable to many tenants, which help you to keep your unit rented.
The advantages of Boston living post-investment include
a. Safety and security b. High Focus on Community Building c. 24x7 Guest Service d. Club access, rooms, and amenities at low cost e. BL app for ordering food packages, raising complaints, and more. f. Chikadee club where you can access rooms and amenities at low cost/no cost.