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Jun-19-2008 08:59
INTERNATIONAL REAL ESTATE NEWS - JUNE 2008
FOREIGN INVESTMENT Investment to Double in Gulf Region The number of major global investors in the
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May-06-2008 09:26
FOREIGN BUYERS ARE SNAPING UP AMERICAN REAL ESTATE
Foreign Buyers Snap up U.S. Real Estate; Falling Prices, Weak Dollar Aid Purchases — USA Today
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Dec-09-2007 13:26
U.S. HOUSING MARKET MAY CONTINUE SLUMP INTO 2008
Dec. 7 (Bloomberg) -- The biggest surge by homebuilders was ``sparked by misplaced optimism'' because President
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Jul-19-2007 08:33
INTERNATIONAL REAL ESTATE NEWS UPDATE
FOREIGN INVESTMENT Invest in America In March, the U.S. Department of Commerce International Trade Administration
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| TOP (481) :Asia (18) : India (2)
New Condo Hotel Units Available in 5-Star Luxury Hotel in Pune India (off plan)
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| Property Group | Residential | | Property Type | Condominium | | Built | 2011 | | Waste System | Sewer | | Price | US$ 264,000
For Sale |
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| Location | Pune | | Nearest City | Pune | | Living area | 558.00 sq/ft | | Bedrooms | 1 | | Bathrooms | 1 | | Living Rooms | 1 |
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| |  | For further details contact
Listing Agent
Worldwide Network, NY
United States
Phone: 1-518-392-7062
Fax: 1-877-875-5704 |
Listing has been viewed 3002 times |
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REF: EWDev-PuneCondoHotel
The GRAND 5 Star Deluxe Hotel in Pune, INDIA
The Grand 5 Star Hotel and Convention Center, located in the heart of Pune, will be a five-star property. It will offer families, business travelers, conventioneers, and tourists the opportunity to stay and enjoy in the Silicon Valley of India, Pune..
Intended star rating: 5 stars
Lot Size: 5 acres
Price Increase every day: A limited number of units will be made available in new releases every month. Substantial price increases before completion.
Two things we know that are important in any real estate purchase is LOCATION and LEVERAGE and this project has the best of both. The best part is you can start reservation with 2% down deposit only, in a market which has the potential to appreciate 50 percent every year for the next 5 years.
Prices as of 1st Janauary 2007 are (prices increase every day):
Unit type No. of units sq.ft. INR per sq. ft Price inINR Approx.US $
Parking Slot
Fractional 120 150 4,841 60,536 $1,288
Parking Slots 550 150 4,841 7,26,150 1 $5,450
Studio
Fractional 120 402 22,284 7,46,517 $15,883
Studio 310 402 22,284 89,58,200 $190,600
1 Bedroom 30 558 22,284 124,34,480 $264,567
2 Bedrooms
2 bath 8 992 22,284 221,05,750 $470,335
Presidential
Suites 2 1340 22,284 298,60,560 $635,331
INVESTMENT HIGHLIGHTS:
1. A "wholesale" buying opportunity at a guaranteed discount. Giving buyers equity of over $90,000 IN EQUITY anticipated by completion date.
2. 24% rent revenue guarantee during 1st year, or 100% of gross whichever is higher.
furnished suites with plasma TV.
3. Price increases every day. We could see major price gains by the time it closes in 4 years.
4. Purchase agreements are fully assignable.
5. Reservation deposit of $10 only. Your deposit is 100% refundable prior to 30 days
Low Purchase price.
6. Can be purchased with as little as 2% Down deposit.
7. Total project build time is 3 years. Completion 2011.
8. Recent historical local appreciation of 30% to 50% per year.
9. Pundits predict property prices will at least double prior to 2010
10. Great "Buy-and-Hold" CASH FLOW property!
11. Prime location in Pune, India.
12. Highest appreciating market in the world.
13. Over 50% annual appreciation during the last 4 years.
14. Property prices are still well behind those of New York, Paris, London and other top major cities around the world
15. 360 Units tp pick from. Prelaunch low prices.
16. Instant equity in the buyers pocket.
With an offer like this how can anyone not be interested This is a win win proposal. On the entry level you can make $90,000 in equity.
Building Features:
• Freehold residential hotel apartments in Pune.
• Luxurious finishing for the main entrance and for the main corridors.
• High quality durable finishing.
• Large lobby and corridors to give feeling of comfort and openness.
• High speed elevators.
• Central satellite system and intercom system.
• Central Air conditioning.
• Card Entry System.
• CCTV and 24 hours Security System.
• Fire Fighting and Fire Alarm System.
• gym, sauna, Jacuzzi, baby play area, party and meeting hall.
• Discotheque
• 5 restaurants and bars & coffee shops.
• Full-service spa and fitness center
• meeting and convention space
• Banquet Halls.
• shopping promenade
• Internet & Media lounge.
• Three swimming pools
• Party rooms
• Boutique spa
• Play center
• Tennis courts
• 12,000 sq. ft. convention & meeting space
• Business center
• High-speed Internet access & WiFi
• sport & activity center
• Outdoor tented reception area
• Wedding gazebo
• Terrace Steak House
• Pool bar & grill
• Lounge with nightly live music
Building Services: Each unit owner will be entitled to full hotel privileges, including daily housekeeping service, valet parking, gym access and concierge services.
Price Increase: For the Studio units is $60 per day. Similar pro rata increases for other units.
Construction Begins: Dec. 2008
Completion Date: Dec. 2011
Rental Split: For the first year the developer is giving a 24% GUARANTEED Rental revenue on the buyers invested price or 100% of the rental revenue, whichever is higher. There after, the revenue will be 100% in favor of the unit owner, with no guarantees. .
The original hotel lease will be for 10 years. After the 1st 10 years the owners and hotel will agree on the future, with the owners' association that will likely collectively decide on the best course of action to benefit all concerned.
Occupancy Rates: The occupancy rate in Pune in 2005 as confirmed by the Maharashtra tourism board was 90%.
Contract Assignability: Yes, contracts can be assigned. The developer will not charge an assignment or transfer fee if/when you assign your unit to somebody else. This is highly unusual in both the U.S. and around the world, and it certainly is a benefit to the buyer.
Franchise/Management Company: A worldwide international hotel chain, not yet determined
Building Features & Services: As a five-star condo hotel, The Grand, Pune will have a variety of restaurants with extremely high standards, a lounge, a coffee shop, boutiques, fitness center, spa, swimming pool, tennis, business center and ample meeting space with state-of-the-art audio and visual equipment . The property will offer valet, security and concierge services.
Developer Financing: 100% Financing is being provided by the developer directly. No document loan.
Three payment options: 2% installment payments and 100% financed by the developer ( for a very limited period only). or 20% down and nothing to pay until completion. Or you can pay for the entire purchase price.
Deposit Required: $10 will reserve a unit at first tier pricing.
Completion of construction phase is roughly 4 years. Buyers will be kept informed on the progress. |
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