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Service Appartment |
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The concept of a Services Apartment is, that it is a fully furnished apartment ready to be given on rent for definite / intermittent periods. Complete administrative back up including services of an institute/ club house is available, catering for facilities like reception, house keeping, dining and a host of other facilities like indoor games, gymnasium, library and the like. |
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Prior to going ahead with the project a detailed survey was carried out with the 2200-2500 odd companies in Baddi, by the "Orchid Group", which clearly astablished the need and requirement of catering such a facilty. The report estimates that there is a requirement for such a facility to be created, as the present availabilty of rooms is approximately 550 and catering for those under construction, there is a net shortfall of quality apartments to service the needs of the companies. |
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The cost is Rs. 2100/- per sq. ft. of super area (1600 sq. ft.) There is a floor rebate of 2%, 3%, 4%, & 6% for the second, third, fourth and fifth floors respectivly. Parking can be purchased at an additional cost Rs. 0.65 lacs for open parking. |
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The survey indicates that an apartment is likely to fetch Rs. 3000/- pd (Rs. 2000/- for the two room set and Rs. 1000/- for the one room set). Assuming 50 % occupancy and accounting for Rs. 25000/- per month as expenditure and overheads, there is a net return of 20000/- anticipated. |
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Every investor reserves the right to withdraw his money at any stage of the project. Complete money will be refunded with---% interest. He also reserves the right to change booking to any of the projects being handled by Gables Group by paying the differential cost / refund of extra cost whichever is applicable. |
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