managed - Puravankara

MANAGED
RESIDENCES
INVESTMENT
PLAN (MRIP)
High quality real estate assets
with assured rental income
“Never depend on a
single income. Make
investments to create
a second source.”
– Warren Buffet
MRIP
We cannot really depend on our job
alone if we want to achieve financial
freedom. Creating and having multiple
source of income is one of the best
ways to step up the ladder and
achieve our financial goals.
An innovative, low risk real estate
investment to help you build a long
term rental income.
Investment structure - Buy &
Lease back with a contracted lease
term of 7 years.
Long term lease management
services from JLL, the leading
international property consultant.
Multi-city residential assets
across Bangalore, Chennai,
Coimbatore & Kochi.
Investments across 3 Price
buckets: ~ ` 35 to ~ 55 lakhs;
~ ` 75 to ~ 125 lakhs & ~ ` 2.5 to ~ 4 cr.
Benefit from committed monthly
rentals with annual rent escalations,
long term capital appreciation,
zero maintenance & hassle free process.
All apartments offered under MRIP
are ready to move in apartments and
are completed apartments/ completed
projects.
MRIP - HOW DOES IT WORK?
4 Simple Steps of MRIP
PURCHASE:
LEASE BACK:
SIT BACK AND ENJOY:
SUB-LEASE:
Customer buys any of
Post purchase, the
As per the lease,
JLL, as the lease manager will
our listed ready to
purchaser executes the
Puravankara Group
facilitate the process of
occupy homes in their
lease Agreement with
pays a monthly rent to
subletting the property on behalf
preferred location
Puravankara Group
the purchaser &
of the purchaser and Puravankara.
through JLL or
for 7 years.
maintenance in actuals
The earnings from the sub-lease
Puravankara sales
to the associations,
shall be to the benefit of
executives.
uninterrupted for 7
Puravankara. However purchaser
years. However, the
has no risks on vacancy,
purchaser just needs to
non-clarity on rental amount,
pay the annual property
non-payment of rent etc. Costs
taxes as per the
related to sub-lease shall be
Government norms.
borne by Puravankara.
PROP E RT I E S
PROVIDENT
SUNWORTH
NICE-Mysore Road
Junction, Bangalore
2 & 3 BHK apts.
883 to 1082 sq.ft.
*Rent 2 BHK: ` 10,000/month
Plus maintenance
*Rent 3BHK: ` 12,500/month
Plus maintenance
Price: ~ ` 45 to ~ ` 60 Lakh
*Annual rent escalation of 8%
PURVA
GOLD CREST
at Highlands of
Kanakapura Road
Bangalore.
3 BHK apts.
1660 to 1843 sq.ft.
*Rent 3 BHK Comfort: ` 21,000/month
Plus maintenance
*Rent 3 BHK Grand: ` 25,000/month
Plus maintenance
Price: ~ ` 95 to ~ ` 112 Lakh
*Annual rent escalation of 8%
PURVA
WINDERMERE
Pallikaranai,
Chennai
1 & 4 BHK apts.
611 to 2712 sq.ft.
*Rent 1 Bed Manhattan Condos: ` 7,000/month
Plus maintenance
*Rent 4 BHK: ` 30,500/month
Plus maintenance
Price: ~ ` 33 to ~ ` 136 Lakh
*Annual rent escalation of 8%
PROVIDENT
COSMO CITY
Pudupakkam, Behind
Siruseri IT Park,
OMR, Chennai
3 BHK apts.
983 to 1062 sq.ft.
*Rent 3 BHK: ` 10,500/month
Plus maintenance
Price: ~ ` 37 to ~ ` 40 Lakh
*Annual rent escalation of 8%
PURVA
SWANLAKE
on OMR,
Chennai.
3 BHK apts. 1699
to 1805 sq.ft.
*Rent 3 BHK: ` 19,500/month
Plus maintenance
Price: ~ ` 77 to ~ ` 95 Lakh
*Annual rent escalation of 8%
PURVA
BLUEMONT
Trichy Road,
Singanallur,
Coimbatore
3 BHK apts.
1676 to 1866 sq.ft.
*Rent 3 BHK: ` 18,000/month
Plus maintenance
Price: ~ ` 88 to ~ ` 107 Lakh
*Annual rent escalation of 8%
PURVA
ETERNITY
Kakkanad,
Kochi.
3 BHK apts. 1595
to 1742 sq.ft.
*Rent 3 BHK: ` 17,500/month
Plus maintenance
Price: ~ ` 69 to ~ ` 90 Lakh
*Annual rent escalation of 8%
PURVA
GRANDBAY
Marine Drive,
Kochi.
3 BHK apts. 1885
to 1922 sq.ft.
*Rent 3 BHK: ` 25,000/month
Plus maintenance
Price: ~ ` 1.30 to ~ ` 1.97 Cr.
*Annual rent escalation of 8%
PURVA
OCEANA
Marine Drive,
Kochi
3 BHK apts. 2466
to 3417 sq.ft.
*Rent 3 BHK Road facing: ` 40,000/month
Plus maintenance
*Rent 3 BHK Sea facing: ` 60,000/month
Plus maintenance
Price: ~ ` 1.73 to ~ ` 3.67 Cr.
*Annual rent escalation of 8%
Lets say you buy 2 units in
Purva Swanlake
@ Chennai
Provident Sunworth
@ Bangalore
Unit Type
3 BHK - Classic
2 BHK - Premium
Unit Size (Sqft)
1700
883
Floor
2nd
5th
Base Price per sq foot
` 4199 psft
` 4290 psft
Agreement Value
` 76,89,300
` 43,04,350
Service Tax & VAT
Not Applicable, as property is ready
All Inclusive Price (Prior to Stamp Duty& Registration)
` 80,06,300
` 45,90,867
20 year Home Loan EMI (80% of Value borrowed @ 9.55% interest)
` 59,310
` 34,057
Monthly Rentals - Year 1
` 19,500
` 10,000
Approx Monthly Maintenance - Year 1
` 4,233
` 2,296
Gross Rental For Year - 1
` 23,733
` 12,296
% of EMI, covered by Rental in Year 1 (Indicative)
40%
36%
Monthly Rentals - Year 4
` 24,564
` 12,597
Approx Monthly Maintenance - Year 4
` 5,332
` 2,892
Gross Rental For Year - 4
` 29,897
` 15,489
% of EMI, covered by Rental in Year 4 (Indicative)
50%
45%
Monthly Rentals - Year 7
` 30,944
` 15,869
Approx Monthly Maintenance - Year 7
` 6,717
` 3,643
Gross Rental For Year -7
` 37,661
` 19,512
% of EMI, covered by Rental in Year 7 (Indicative)
63%
57%
Most Important Terms & Conditions of MRIP
• Purchaser executes a sale deed by paying the full sale value of the apartment within 45 days by bearing the Stamp Duty & Registration fees
• Purchaser simultaneously executes a Lease Agreement for 7 years with Puravankara Projects Ltd (PPL) or Provident Housing Ltd (PHL). PPL/PHL bears the Stamp Duty
& Registration costs for the same
• Purchaser shall inspect and take possession of the apartment, post which PPL/PHL shall handover 3 sets of keys to the Purchaser, from which the Purchaser shall
retain one set of keys and handover 2 sets of keys back to PPL/PHL, under the terms of the Lease agreement
• The key terms of the lease are
• PPL/PHL pays a monthly rent with an annual escalation of 8% p.a, uninterrupted for 7 years. The Project wise, monthly rentals are
Unit Type
Monthly
Rentals
(Yr 1) in INR
Monthly
Rentals
(Yr 2) in INR
Monthly
Rentals
(Yr 3) in INR
Monthly
Rentals
(Yr 4) in INR
Monthly
Rentals
(Yr 5) in INR
Monthly
Rentals
(Yr 6) in INR
Monthly
Rental
(Yr 7) in INR
Provident
Sunworth,
Bangalore
2 BHK
10,000
10,800
11,664
12,597
13,605
14,693
15,869
3 BHK
12,500
13,500
14,580
15,746
17,006
18,367
19,836
Purva
Gold Crest,
Bangalore
3 BHK Comfort
21,000
22,680
24,494
26,454
28,570
30,856
33,324
3 BHK Grand
25,000
27,000
29,160
31,493
34,012
36,733
39,672
Purva Windermere,
Chennai
One Bed Manhatton Condos 7,000
7,560
8,165
8,818
9,523
10,285
11,108
4 BHK
30,500
32,940
35,575
38,421
41,495
44,815
48,400
Provident Cosmocity,
Chennai
3 BHK
10,500
11,340
12,247
13,227
14,285
15,428
16,662
Purva Swanlake,
Chennai
3 BHK
19,500
21,060
22,745
24,564
26,530
28,652
30,944
Purva Bluemont,
Coimbatore
3 BHK
18,000
19,440
20,995
22,675
24,489
26,448
28,564
Purva Eternity,
Kochi
3 BHK
17,500
18,900
20,412
22,045
23,809
25,713
27,770
Purva Grandbay,
Kochi
3 BHK
25,000
27,000
29,160
31,493
34,012
36,733
39,672
3 BHK Road facing
40,000
43,200
46,656
50,388
54,420
58,773
63,475
3 BHK Sea facing
60,000
64,800
69,984
75,583
81,629
88,160
95,212
Project Name,
City
Purva
Oceana,
Kochi
Remarks
Maintenance
as per actuals
for the entire
period of
7 years
•
•
•
•
•
•
•
•
In addition to the monthly rent, PPL/PHL shall pay the monthly common area maintenance on actuals, directly to the association of owners
Both Rent & Maintenance payments by PPL/PHL commence from the date of registration of Sale Deed & Lease Agreement
PPL/PHL pays no rental deposit to the Purchaser
PPL/PHL has the right to furnish the apartment, as per the requirements of the sub-lease tenant, at their cost
The property taxes & other statutory levies for the apartment needs to be borne & paid by the Purchaser directly to the concerned authorities
PPL/PHL has the right to sub-lease the property to a tenant & collect rent, deposits, maintenance, which will all be to the benefit of PPL/PHL.
The commercials of the sub-lease shall in no way impact the payment of rentals / maintenance to the Purchaser by PPL/PHL
PPL/PHL shall bear costs incurred towards the sub-lease, namely brokerage, registration fees of the sub-lease agreement and legal fees towards
enforcement of the sub-lease agreement, if any
• The Purchaser is free to sell the apartment at anytime, along with the attornment of the Lease agreement. The Purchaser/ new purchaser shall at all times
abide by the conditions of the sub-lease agreement entered by PPL/PHL with the sub-lease tenant.
• The Purchaser has the exclusive right to terminate the lease with PPL/PHL anytime and take possession of the apartment, subject to the protection of rights
of the sub-lease tenant as per the sub-lease agreement. On termination of lease agreement, all obligations of PPL/ PHL shall cease.
• The Purchaser agrees to take possession of the apartment at the end of the 7 year lease period, without demanding PPL/PHL to refurbish / rectify / repair
the apartment of the wear & tear arising from occupation of the apartment or its vacancy over the 7 year period
• Purchaser authorizes PPL/PHL to appoint any agency as a Lease Manager. Some of their key roles are
•
•
•
•
The Lease Manager shall identify, negotiate, perform basic due-diligence and finalise the tenant for the Apartment, with whom a sub-lease will be executed
Lease Manager shall be entrusted with the keys to the apartment, so as to facilitate inspection by prospective sub-lease tenants
The Lease Manager will also inspect the apartment on the sub-lease tenant vacating it
As of May, 2016. Jones Lang LaSalle Residential Pvt. Ltd. has been appointed as the Lease Manager by PPL/PHL
Disclaimer:
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This offer is valid till 31st July 2016 or till the units are exhausted. However the offer may be extended
at the sole discretion of PPL/PHL
Under this offer PPL/PHL is offering certain pre selected units. PPL/PHL reserves the right to add more
units under this offer
The average home loan interest rate offered by banks is currently 9.55% per annum. This rate may vary
from bank to bank and consequently the EMI calculations may vary.
The property prices mentioned in the brochure are the current prices. This may vary in future.
The selection & allotment of unit is subject to realization of the booking cheque, subject to availability
& final confirmation from PPL/PHL.
The statements, information and opinions expressed or provided in this Presentation and any other
subsequent information provided is intended only as a guide to some of the important considerations.
Property particulars, terms & conditions and other details given in this presentation/marketing
collateral are neither contract, nor is it an advisory effort by PPL/PHL, its employees or its associates.
This document is confidential to the addressee and is not to be subject of communication or
reproduction wholly or in part. All marketing collaterals/brochures/images are indicative and are
conceptual in nature only. Errors & Omissions Excepted
080 44 555 555
E-mail: [email protected]
www.puravankara.com