Unlike major cities including Hyderabad, Goa has not seen fall in demand. Though price has softened, there is no big impact. The reason is that in second tier locations, the building activity did not go to boom level and reach oversupply situation. Goa offers unique rental/lease opportunity due to heavy tourist demand. We were looking for a Company which can assure lease being in own Hotel and Resort business with steady flow of clients.
The Project featured here is safe with Bank Approval and Loan from Major banks. Its not very far from beach. Developed by a major player in Hospitality Scene. Its in South Goa, so we get much lower capital cost compared to North Goa. The Rental scheme has Fixed Income or we can choose Variable Income scheme which has potential to earn much more.
The Project is under advanced construction and as of April 2009, only 20 Units are available to book out of 70.
The Rate for Apartment with all amenities is a cool Rs.2000/sft. Incidentally the total extra costs including Life Time Club Fee is just 1 Lakh. YOU CAN GET ASSURED 1Lakh rent per ANNUM with even a SMALL SINGLE BED APARTMENT.
LOCATION :
The Project is in Canacona in South Goa.
Canacona Railway Station: 1Km
Canacona Bus Station: Less than 1Km
Palolem Beach: 2Km
Patnem Beach: 1Km
Rajbhag Beac: 1.5Km
Commercial Market/Hospital etc: Less than 500 Meters
Goa Airport (North Goa) :55Km
South Goa is fast developing with Tourist activity spreading down. The buyers now have terrific opportunity since the apartments are offered at less than 2/3rd price of those in North Goa. Standard Quality Apartments in North Goa without amenities cost from Rs.3000 to Rs.4000/sft. For latest Rates in Goa Check: Times- Magicbricks-Goa Current Real Estate Rates
The project offers very good Capital Appreciation Potential as South Goa catches up with North. Also the buyers get Assured Rental Income.
APH-GOA-101- Apartments with Assured Lease Agreement!
We are happy to bring this unique opportunity in Goa. Single bed and two bed Apartments in a cool complex with Swimming Pool, Club, gardens and amenities. The project is under advanced construction. Delivery target Dec 2009.
Most interestingly there is 100% assurance on rental.
OPTION 1 Fixed Rent: 2 Bed room rental at 2Lakhs per Annum. Single bed room 1 Lakh per Annum.
OPTION 2 Variable Rent: This will be on occupancy basis. You can expect to get much higher rent since rooms will be rented out on daily basis.
How come renting is assured: The Developer runs several hotels and resorts. There is demand for rooms from existing clientile and Apartments offered by owners for lease will be managed by the Developer himself.
APH-GOA-101- Apartments. Make trip to Goa and stay at your own home, lavishly!
Approved by SBI, HDFC, AXIS BANK, ICICI
Ground Plus 4 Floors
Superbly Finished Apartments, being built to cater to foreign tourists who stay for long duration
