Size 1000 Sqft is an ideal 2 BHK size under affordable flats scheme. If built nicely under a good landscape, such apartments can be most suitable units for young executives and young couples.
Due to low rate Home loans, such flats have become further more attractive for investors also. An analysis about various investment propositions under real estate, we hereby have done some simple calculations for the ease of estimating the ROI
Let us take a real example of one such Exclusive Affordable Apartment, Bliss Delight, freshly launched on Sultanpur Road, opposite HCL IT City, Lucknow and in close proximity to 18 hole Golf Course. This project is a new launch by LEVANA GROUP who is a renowned builder and real estate developer in the city. They have offered the pre launch rates of : Rs 2600 per Sqft and Rs 3000 per Sqft under Cash Down and CLP ( Construction Linked Plan) respectively
Case 1 : Cash Down Option - Bliss Delight
Assume, you invested Rs 26,00,000/- ( Rupees Twenty Six lakhs only) to buy this flat under cash down plan , in Feb 2021
In order to get the ROI of 10% p.a in 36 months , you need to fetch Rs 34,60,000/- on sale
In order to get the ROI of 12% p.a in 36 months , you need to fetch Rs 36,50,000/- on sale
In order to get the ROI of 14% p.a in 36 months , you need to fetch Rs 38,50,000/- on sale
Even after tax impact and sales cost, one can easily manage to beat the traditional rate of Fixed Deposit by selling at anything above Rs 3500 per Sqft
Case 2 : CLP ( Construction Linked Option) - Bliss Delight
Assume, you invested Rs 6,00,000/- ( Six lacs only) to book the apartment under Construction linked plan , with completion period of 36 months. And you took Rs 24,00,000/- lacs of Home loan @8% p.a
In order to get the ROI of 10% p.a in 36 months , you need to fetch Rs 38,00,000/- on sale
In order to get the ROI of 12% p.a in 36 months , you need to fetch Rs 38,42,000/- on sale
In order to get the ROI of 14% p.a in 36 months , you need to fetch Rs 38,88,000/- on sale
Even after tax impact and sales cost, one can easily manage to beat the traditional rate of Fixed Deposit by selling at anything above Rs 3800 per Sqft
Anyways, if you are looking to buy this apartment to fetch a rental Income, then also you can book this apartment. Because of its close proximity to HCL IT City, AMUL Factory, Lucknow Cancer Hospital and other high employment Zone, this Exclusive Affordable Apartment can surely fetch good rental. Investors in the age group of 50-55 years can invest in this type of apartment to create a decent, lifetime rental opportunity for themselves.
How to apply ?
Simply Whattsapp us on 9307218766, that 'I am interested in Bliss Delight' or E mail us at help@infirupee.com for detailed offer
What is the last date of this offer ?
LEVANA GROUP has opened this special pre-launch offer for their first 50 units; we assume that this offer will expire anytime by the end of February 2021
How is Infinity Finserv Pvt Ltd associated in this offer ?
As we strongly believe that Property may see a good upsurge in next few years due to various reasons like- Interest rate, Government focus, Infrastructure spendings etc. Hence, Infinity Finserv Pvt Ltd is simply showcasing this property under the pre launch offer, for their customers, without any commercial involvement or distribution earnings
Disclaimer : This Blog is an independent view of the author and Infinity Finserv Pvt Ltd has no obligations or validation to the article presented here. You can call us freely at 930-7218766 or E mail at help@infirupee.com to seek any clarification on the posted article