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Want to own a home…. in your motherland?. - Wish to partner with us to gain Heavy Price appreciation in a property ?!? - Use it Royally while on vacation? - Want to earn recurring Income Rather than recurring Expenses? - Want to get your Apartment managed by professionals ?.
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Want to own a home… in your motherland?
- Wish to partner with us to gain Heavy Price appreciation in a property ?!? - Use it Royally while on vacation? - Want to earn recurring Income Rather than recurring Expenses?- Want to get your Apartment managed by professionals ?
Don’t want any hassle like: Tenancy related: Tenant not paying rent or not vacating the property at the time of short visit of NRI or at the time of sale Safety related:Illegal encroachment by unknown third party Maintenance related: • Paying maintenance charges, light Bills, water Taxes, telephone Bills, legal charges, other recurring expenses and penalties • End up with expenses rather than income from the investment Management related: Misuse by person who is entrusted with keys During Vacation Trip: • Wasting time in cleaning apartment, ensuring supply of water, electricity and other utilities while on vacation rather than enjoying the trip • Spending time: in finding servant to clean apartment or utensils, laundry, availing internet, getting TV cable connection etc. • Staying at relative’s house at the cost of privacy and facilities • Staying in hotel in spite of having own residential property
So… Invest in PATRIA…The Service Apartment Project … • Apartment having 2 or 3 Bed Rooms, Hall & Kitchen • Total 86 Apartments constructed in 5768 Square Yards: • 20 – 3 Beds of 1741 Square feet of super built up area • 66 – 2 Beds of 1010 to 1142 Sq. ft. super built up area • Luxuriously Furnished Apartment – Ready to use like that at Durban Beach front, Dubai or Florida • Having major modern amenities such as: Swimming Pool, Health Club, Games, Food, Internet, Reception, Attendant, Security etc.
What Patria offers . ? . ! • you have free accommodation while you are on vacation • You earn higher rentals while you are not using • You always get your own or equivalent apartment available to you when you plan your visit in advance • It may be termed as investment in Real estate: • A unique combination of domestic as well as business investment • A blend of regular recurring rental income and heavy price appreciation • Risk free investment as Property is let on hire for short periods just like hiring hotel room and hence does not carry high risk of non vacating occupant • It is always clean and well maintained • You can have choice to order your favourite food and you can cook your own food • You can watch your favourite TV programs & use internet • No need to remember paying electricity, telephone or water bills • No hassle for day to day requirements
Where is the Service Apartment? Adjacent to Airport, Rajkot
Why at Rajkot? • Earning through price rise from “Patria - Service Apartments” at Rajkot enables investor to buy property at their native place in India when they eventually return back permanently from overseas • Rajkot is ranked 22nd in the world’s fastest growing cities in urban areas from 2006 to 2020 (Source – Retrieved in Dec. 2007) www.citymayors.com/statistics/urban_growth1.htmal • 4th largest city in Gujarat having million plus population (1.7 Million) • People migrate heavily from nearby villages being financial hub of Saurashtra so population doubles in every 20 years • Massive infrastructure development • Hub for many businesses and industries like Original Equipment Manufacturing for Mahindra & Mahindra, Mercedes, Tata etc. Gold & Diamond Ornaments , Imitation Jewellery, Saree Printing, Machine tools, Oil Engines, Edible oil, Tiles and Sanitary ware • Prosperous and peaceful • First of it’s kind “SERVICE APARTMENTS” being introduced at Rajkot • Very Huge scope for Real estate investment …
Why Very huge scope? • Land: is acquired at Attractive price • Very Strategic Location: • Only 800 meters away from Rajkot Airport • Near Race course – In the heart of the city • Non availability of luxurious Apartments: • Which replaces expensive hotel rooms • Equipped with major modern facilities • No players: New concept for Rajkot • Ever growing Demand: due to • Air traffic – Daily 4 flights from Mumbai • Much cheaper than same sized & same quality hotel room • Recurring Income:earn rental income while you are not using • High appreciation: Investment in Residential units in India have appreciated much higher than any other investment avenues world over
The Scheme for you • Purchase:You are acquiring the apartment at Rs. 8.4 Million as an out right owner. It is not a time share. • Sale Deed Registration: • Apartment shall be registered in your own single or joint name • Apartment Size: • 1010 Square Feet Super Built up (2 Beds, Hall & Kitchen) • Price without Furnishing: • Rs. 6,500 per Sq. Foot, Approx Rs. 6.6 million • Payment: 25% Down payment of Rs. 1.6 Million and rest in 5 equal 3 monthly installments of Rs. 1 Million each • Payment at the time of Registration of Sale Deed: (Approximate Amount in Rupees) • 400000 Registration • 200000 Service Tax • 200000 Common Fund • 1 Million for Furnishing • Profit Sharing:50:50 (Recurring net rent)
Recurring Rental Income Notes: Calculation is based on Rent of Rs.5000 per day for 2 Bed Room Apartment accommodating 6 people. Apartment owner gets 50% share in profit, out of which 40% is distributed immediately on renting the apartment. Profit share from remaining 10%, from management company shall be additional income at the year end as excess of income over expenses will be distributed proportionately to apartment owners (share holders in management company) Figures are yearly figures and shown at different occupancy levels Since it is limited liability company, you will not share losses beyond your contribution to share capital To calculate Letable days maintenance period of 15 days have been deducted (365-15=350)
Expected Returns from investment (Projection for 5 Years) • Notes: • We have considered first operational period from last quarter of 2013. • Accounting year is considered to be from 1st April to 31st March. • Figures shown are conservative however actual return may very favourably. • We have assumed that the apartment is being sold in 2017 and the value of apartment in early 2017 to be Rs. 151,00,000 net after deducting all expenses, renovation & commission. However last 50 years data show far more appreciation. • We have assumed that investment in fully furnished apartment is Rupees 8.4 Million and the same is invested from day one however return will increase as investment will be as per payment schedules. • We have not considered additional income to be received from Company on letting of Common plot as well as income from membership of swimming pool which will further increase return on investment to the apartment owner.
Some more reasons to invest… • No Loss Guarantee:Repayment of original amount of investment in Rupees is assured in writing by a Director which ensures safety to your hard earned money rendering partnership in profit only and thus your investment becomes Risk free • Money at call:You can withdraw your money at any time (Refer conditions of withdrawal) • Repatriation: Repatriation of investment is allowed by Government • Trustworthy Promoters: Politically & Socially well placed Promoters Refer Separate attachments • Professional Management: Refer Bio Data of Promoters • Growth:Be a part of very fast developing group of Rajkot • Accounts:We maintain crystal clear and Transparent Accounts • Information:You can have access to information about your balances, construction, furnishing and earning from the same • Access:You can know the progress of your investment any time via internet/fax/phone/letter or in person • Confidential:We maintain confidentiality of every investor
Your Ideal Gain • You can very well expect appreciation for your investment: • 21% - Yearly growth which includes: • Recurring Rental income Approx. Rs. 380,000 @60% occupancy in a year as a 50% share of apartment owner @Rs. 5,000 rent a day • Free stay worth Rs.100,000 every year • Saving on account of recurring expenses • Share of income from management Company • Favourable exchange rate fluctuation which allows you more dollars for same rupees in future • During your short trips to Rajkot (To investors of $1 Million and above: • Chauffeur driven car • Mobile phone • You have property lying at safe place out of your country • We provide help on Banking, Legal, Taxation & Foreign exchange regulations including Tax returns and repatriation formalities
Your Maximum Loss • Opportunity cost for the money you invest • Interest earned on Fixed Deposit with banks – 0% to 7% per year • Investing in other avenues (To be Reduced by net Rental income) • Adverse Exchange Rate Fluctuation, if any
FAQ(Frequently Asked Questions) • What are the rules of letting? • What if Apartment can’t be rented for long? • What are the modalities of settling accounts? • Who are the Promoters? • How Promoters guarantee? • What are the conditions for withdrawal? Please refer separate sheets for the answers
How to Proceed? • Participation: We will prepare a Memorandum of Understanding • Investment: You will send your amount of participation in your own bank account which will be adjusted for scheduled payments • Private Limited Company: A company shall be earmarked to carry on management and you will be allowed proportionate shares in the company as per the size of your apartment • Sharing in Rental Management: Profit Loss Borne by 50% 0% Investor/s 50% 100% Managing Team
What are you waiting for . . ? Acquire Service Apartment in ‘PATRIA’ Use it Royally while on vacation Gain Heavy Price appreciation @ No Risk from lucrative Real Estate Market in India
Send your Remittance & Documents to: Kalpak Maniar M/s. Arvindkumar Maniar & Co. - Chartered Accountants South Africa office: 11, Johannes Dr., Hannops Park Ext. 3, Old Johannesburg Rd., Centurion, Pretoria. Tel./Fax: 012 653 1322 Cel.: 072 5757 390 India office: ‘Abhay Nivas’, 14, Panchnath Plot, Rajkot, India – 360 001. Office: (+91 281) 2445800 or 2445700 or 2444599 Home: (+91 281) 2477800 or 2477700 or 2449254 Cel.: +91 90674 79095 Fax: +91 281 2443599 e-mail:team@patriainida.com