Royal Palms Estates, Mumbai's leading developer, has introduced an innovative real-estate investment option and enable buyers to get assured and safe returns on their investment.
Royal Palms is offering the buyer guaranteed returns of 18% p.a.for 2 years who lease-back their units through Royal Palms. There are no catches or options attached. Royal Palms shall further lease these properties to its corporate clients and generate income from them which will be used to pay the owners their share. This will ensure that investors purchasing offices will get good returns as well as capital appreciation.
Royal Palms India has launched ready possession offices and shops, under construction offices and ready possession commercial offices for corporates at an unbelievable price of starting from Rs 15.99 lakh onwards.
Buying property at Royal Palms is a bargain in more ways than one. On one hand Royal Palms offers property at rates which are 30% - 60% below the going market rates and on the other hand one gets a guaranteed assured return of 18%. There are two valid reasons for this offer. Adds Nensey, "First the land on which these properties are located was acquired over 26 years ago at negligible cost and hence even at these rates we will make reasonably good profits. Property buyers are also given a FREE lifetime membership of the Emerald Club (cost 2 Lac) located within the complex."
Royal Palms has already sold over 2000 offices totaling 800,000 sq ft so far with top names like Topsgroup, Essel Shyam Telecom, Monarch etc having their business HQ here.
For under construction commercial property - it is the confidence of the promoters in the potential capital appreciation of the project which is making them offer 18% guaranteed returns.
With bank deposit rates now hovering around the 8% mark and loan borrowing rates around the 9 - 12% mark, it's an unbelievable deal. The agreement with the investor is for 2 years after which it is renewable at mutually agreed upon terms depending on the market rates of interest. Investors are given cheques quarterly in advance.
There have been responses galore to this offer, and Rahul Jadhav is one such: "I have noticed that real estate prices always goes up, and I feel no one will ever get such a price i.e. Rs 15.99 Lakh with No Noise / Air pollution is just the right place to work.Ashwin Mehta is the typical corporate czar, and he mentions that he would exercise the 18% p.a return option and after 2 years he will shift his office to Royal Palms. Says Mehta," Royal Palms is about 50% lower in cost from the competitors i.e 1000 sq ft at Royal Palms will be half and with 36% return over 2 years and 50% lower cost your very own office will cost 14%. Sujit Ghosh is a young entrepreneur, who's got a dream in his eyes - and the Royal Palms special offer that reads like a great opportunity. "As a young professional, I find the offer of an office at price points that start from Rs 15.99 lakh with 18% guaranteed rent back is a win win situation for all buyers.
Goregaon sits in the center of Mumbai, with proximity to and excellent connectivity with Airports, SEEPZ, MIDC and Andheri East, An increasing number of swank malls, commercial developments at strategic locations, high-rises, multiplexes and numerous flyovers, are giving the suburb a whole new profile. Despite the growth, the suburb has retained its greenery and peaceSpread over 240 acres of lush green land in Goregaon East , Royal Palms Estates is just 7 minutes from the WE Highway and 7 kms away from the International airport.
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