Sandal Suites, Expressway Noida4 Star Level “Serviced Residences” Chain Coming up in 25 Major Cities across IndiaFirst of its Kind Project at Sector 135, Noida ExpresswayPart of a 14 acres Business ParkBased on the successful concept of Cabana Serviced Residences, IndirapuramA unique model, wherein customers are the owners of the Suites and also getattractive returns on their investments, while Assotech manages and runs thecomplexPromoted and Developed by Assotech Realty Pvt. Ltd.
Sandal Suites, Expressway Noida Opportunity to be a part of our BusinessWith the percentage of Corporate Travellers increasing to as good as 53% in the HospitalityIndustry, the resulting ARR (Average Rack Rate) has also gone up. Based on MarketResearch, today one of the most attractive investment opportunity in the Indian RealEstate sector is investing in Serviced Residences. A perfect blend of Growth in Real EstateAsset and Operational Monthly Returns of 30-35% in a short span of time.Assotech Realty Pvt. Ltd, being leader in serviced residences, is expanding their operations inimprovised category to 4 star level by the name of “Sandal Suites” being launched in 25major destinations in India, some include NCR, Mumbai, Ahmedabad, Hyderabad, Puneetc.We invite you to become a partner in our business at a very notional investment.
Market Research – NCR According to a leading IPC’s latest Market Survey Report2010-13, the Indian Hotel Room Market for 10 Major Cities is Estimated to Grow from Rs. 74 Bn toRs. 119 Bn translating to a 17% CAGRThe Market Size of the NCR Market estimated to Rs. 28 Bn in 2013. Due to strong commercialcatchment and major IT companies, Noida is becoming an important destination for mid/high-endBusiness Suites.NCR witnesses a year round inflow of business and tourist travelers and they are segmented as follows:b.Corporate Travelers – 47%c.Leisure Travelers – 20%d.Others – 33%With better roads, expressway, DND and metro connectivity in Noida, is fair to assume the demand ofthe mid/upscale business suites to increase significantly in the next 3 years
Market Research – NCR According to a leading IPC’s latest Market Survey ReportRoom Category and Avg. Rack RatesRoom Category Average Rack Rate Upscale Mid Scale Economy 12,125 5,798 Premium 29,844 17,773 9,375 5,748 Deluxe 13,745 7,977 3,873 StandardIt is interesting to note that the average occupancy rate for financial year2009-10, remained around 85% while peak season occupancy touched more than90%
Serviced Apts vs. Studio AptsIn India Studio Apartment gets confused with a Serviced Apartment, the distinction marked below will help customers evaluate them as a standalone product Serviced Residences/Apartments Studio ApartmentsHospitality /Commercial Product Residential ProductHas all the facilities that are offered by a Hotel such as No additional features over & above a Residential BlockCentral Air-conditioning, House Keeping, Room Service,Business Centre, Board Room, Conference andBanqueting, Concierge and Travel Desk, Laundry Service,etc.Always fully furnished with in-room Gadgets (Microwave, May or may not be FurnishedRefrigerator, DVD Player, EPABX, etc.), Soft Furnishings(Linen, Curtains, etc.) and Crockery/CutleryBacked by facilities such as Restaurants, Coffee Shops, May or may not have all these facilitiesGym and Spa, Swimming PoolAdditional facilities/services include electronic safe, No such facilities/services are availablemovies on rent, daily newspaper, Iron and Ironing Boardon request, Doctor on Call, etc.Moreover, the above Services are backed by operational Not backed by operational infrastructure, once handedinfrastructure such as a back-office, manpower (kitchen, to the customers, its becomes like a residential building.house-keeping, security) and equipments to run theserviced apartments facilityThe above facilities improves the rental income by 5-10 Typical Residential Rental Incomestimes than studio/residential apartment. And it givesbetter returns than a commercial product
Project HighlightsModern & Vastu Based Architectural Design and State Of The Art Ultra Modern Health Club withPart of a LEED GOLD Certified Green Campus Spa Multi Cuisine Restaurant, Coffee Shops, PastryCentrally Air-Conditioned Shops & BarHigh Speed Guest Elevators & Separate Service Room Service, Laundry Service, Common SelfElevators Laundry FacilityDouble Height Guest Entrance Lobby With Business Centre, Board Room, Meeting Rooms,Entrance Porch Designed by International Conference & BanquetingInterior Designer Part of Noida Expressway’s premium IT HubTerrace Swimming Pool with Pool Side sectors, home to giants like TCS, Accenture,Restaurant, Club/Recreational Area MetLife, etc.
Great Investment OpportunityWe offer you sandal suites on operational return basis.In a simple way customer buys the individual suite and Assotech spends for other facilityand runs the complex.The total Net rental* is divided as follows:50% to customer on pro rata area basis.50% - Towards meeting running expenses, maintenance, security, wages, administration,and house keeping etc(*The Net rental is calculated after deducting 6% Management fees to operator and 4%towards Sinking Fund)Indicative returns at a BSP of INR 6,000/- per sq.ft and rental returns charts Year Expected Rental per day (INR) Occupancy Level in % Returns* Year 1 5,200/- 75% 14% Year 2 6,000/- 80% 17% Year 3 6,800/- 85% 21%
DisclaimerAll floor plans, layout plans, figures and specifications arepurely conceptual/indicative and not a legal offering. Thecompetent authority/company/architect reserves the right toadd or delete or change anydetail/specification/layout/elevation mentioned, at its solediscretion, if so warranted.*These returns are purely indicative in nature based oncurrent market study and likely to differ as applicableduring the period of return
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