CHB SERIES 1 – Bangalore, IN

Residential FULLY FUNDED
100%
1 Crores100% Funded

CHB SERIES 1 – Bangalore, IN

Residential FULLY FUNDED
1 Crore100% Funded

Expected IRR

16.5%*

Expected Yield

12%

Exp Holding Period

2-3 Years

Minimum Investment

25 Lakhs

Expected IRR

16.5%*

Exp Holding Period

2-3 Years

Expected Yield

12%

Minimum Investment

25 Lakhs

Overview

Carmel Heights is a premium class residential property spread across 4 acres of land. It is a sprawling building strategically built in the core IT hub of Bangalore. With spacious rooms and world-class amenities, it stands as an ultimate location for luxurious residence. Brilliant architecture, perfect vaasthu and spectacular balconies overlooking the Varthur Lake are a reflection of the urban lifestyle of Whitefields. This property is an epitome of luxury and serenity. With an expected yield of 15% and IRR of 18%is a great investment option with high returns.

Highlights

  • Property valuation can increase by 40% in the next years.
  • Good long term rental yield to the tune of 4%.
  • Planned Metro station at a distance of 5km from the property.
  • Core plus property with an expected IRR of 18% and a high yield of 15%.
  • Best investment option with high returns.

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

Whitefield is the hottest location of the 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 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 is 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.

bangaloremap

UNIT DETAILS

  • Project area4 Acres

  • Project UseResidential

  • Total area:  1.6 million sqft
  • Storeys18 

  • To be CompletedBy 2021

  • Asset composition1, 2 & 3 BHK

AMENITIES

landscape Garden  landscape Garden


sports facility   sports facility


 24/7 security   24/7 security

Gymnasium  Gymnasium


Children's Playground  Children's Playground


Shopping center   Shopping center

Swimming pool  Swimming pool


Jogging track  Jogging track

landscape Garden  landscape Garden


sports facility   sports facility


 24/7 security   24/7 security


Gymnasium  Gymnasium


Children's Playground  Children's Playground


Shopping center   Shopping center


Swimming pool  Swimming pool


Jogging track  Jogging track

HIGHLIGHTS

  1. No south-facing units entire property following Vaastu requisites.
  2. High-end in-house amenities like Clubhouse, Pool, Amphitheater, and Gym.
  3. Expansive balconies overlooking the Varthur Lake.
  4. Just next door to Forum Mall and other major commercial complexes.
  5. Strategic location in the core IT hub of Bangalore.

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 RERA approved. The construction is already in progress and is completed upto 2nd floor. The product is for 36 months and is structure in such a way that the construction is complete within the time limit.

Title Risk:

Title is one of the main risk factor while considering the investments in real estate. The Bangalore property is a 4 acre development where the construction is already underway. The project also attracted investments from financial institutions 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. The project is already under construction and the developer has already sold units to customers. There are bank loans for these customers which ensures steady cash flow for the developer once particular milestone is reached. 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 product is already under construction and the current market price 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 is in a RERA approved development. Also 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 @ 8000 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 5000 per sqft.

Current retail price offered to the customer in the product is an all inclusive price of 7500 per sqft

The benefits of the project are

  1. Easy accessibility to IT offices in whitefield
  2. Location is just beside forum value mall in whitefield
  3. Part of a 4 Acre gated community

The above benefits will ensure that the prices of the product will achieve a conservative mark of more than 8000 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

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.

We pride on the level of due diligence each and every 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.

Assetmonk will take care of managing deposits and rent collection will be representing the owner to tenancy, assisting in selling the unit if required, basic maintenance of the unit, and tower, being a single point of contact to 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.

Yes you will be signing

  • Term Sheet
  • Deed of Adherence
  • Debenture Trustee Agreement

Investment

Assetmonk is a platform that does due-diligence and works out good deals for investors. We come up with an expected IRR based on market understanding and risk calculations. The expected IRR is an indicative return but does not stand as a return guarantee. Investors are advised to do their own analysis before making the decision.

Return is a combination of rental yields and property appreciation. Rental yields depend on the tenant, year of the agreement, prevailing CAP rate, etc while property appreciation also depends on multiple factors. Depending on the geography and the asset, the returns can vary from 12-20%. Assetmonk strives to get good returns, expected to the tune of 15-20% through its carefully picked assets.

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 till 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 in the sale to our other investor community.

Absolutely yes. As a platform, we urge our investors to check out multiple options and diversify risk based on geography, stage of construction, tenancy, product structure, etc. Each of the investments is dealt with separately and does not influence the outcome of the other properties.

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.

Cashflow

The returns vary from product to product. Typically fixed returns will be to the tune of 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

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

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

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