MANAGED - i4.sdlcdn.comi4.sdlcdn.com/img/realestate/puravankara1/MRIP.pdf · An innovative, low risk real estate investment to help you build a long term rental income. Investment

High quality real estate assetswith assured rental income

MANAGEDRESIDENCESINVESTMENTPLAN (MRIP)

“Never depend on asingle income. Make

investments to createa second source.”

– Warren Buffet

An innovative, low risk real estateinvestment to help you build a longterm rental income.

Investment structure - Buy &Lease back with a contracted leaseterm of 7 years.

Long term lease managementservices from JLL, the leadinginternational property consultant.

Multi-city residential assetsacross Bangalore, Chennai,Coimbatore & Kochi.

Investments across 3 Pricebuckets: ~ ` 35 to ~ 55 lakhs;~ ` 75 to ~ 125 lakhs & ~ ` 2.5 to ~ 4 cr.

Benefit from committed monthlyrentals with annual rent escalations,long term capital appreciation,zero maintenance & hassle free process.

All apartments offered under MRIPare ready to move in apartments andare completed apartments/ completedprojects.

We cannot really depend on our jobalone if we want to achieve financialfreedom. Creating and having multiplesource of income is one of the bestways to step up the ladder andachieve our financial goals.

MRIP

MRIP - HOW DOES IT WORK?4 Simple Steps of MRIP

PURCHASE:Customer buys any of

our listed ready to

occupy homes in their

preferred location

through JLL or

Puravankara sales

executives.

LEASE BACK:Post purchase, the

purchaser executes the

lease Agreement with

Puravankara Group

for 7 years.

SIT BACK AND ENJOY:As per the lease,

Puravankara Group

pays a monthly rent to

the purchaser &

maintenance in actuals

to the associations,

uninterrupted for 7

years. However, the

purchaser just needs to

pay the annual property

taxes as per the

Government norms.

SUB-LEASE:JLL, as the lease manager will

facilitate the process of

subletting the property on behalf

of the purchaser and Puravankara.

The earnings from the sub-lease

shall be to the benefit of

Puravankara. However purchaser

has no risks on vacancy,

non-clarity on rental amount,

non-payment of rent etc. Costs

related to sub-lease shall be

borne by Puravankara.

PROVIDENTSUNWORTH

NICE-Mysore RoadJunction, Bangalore

2 & 3 BHK apts.883 to 1082 sq.ft.

PROPERTIES

*Annual rent escalation of 8%

*Rent 2 BHK: ` 10,000/month *Rent 3BHK: ` 12,500/month Price: ~ ` 45 to ~ ` 60 LakhPlus maintenance Plus maintenance

PURVAGOLD CREST

at Highlands ofKanakapura RoadBangalore.

3 BHK apts.1660 to 1843 sq.ft.

Price: ~ ` 95 to ~ ` 112 Lakh*Rent 3 BHK Grand: ` 25,000/monthPlus maintenance

*Rent 3 BHK Comfort: ` 21,000/monthPlus maintenance


PURVAWINDERMERE

Pallikaranai,Chennai

1 & 4 BHK apts.611 to 2712 sq.ft. *Rent 4 BHK: ` 30,500/month

Plus maintenancePrice: ~ ` 33 to ~ ` 136 Lakh*Rent 1 Bed Manhattan Condos: ` 7,000/month

Plus maintenance


PROVIDENT COSMO CITY

Pudupakkam, BehindSiruseri IT Park,OMR, Chennai


*Rent 3 BHK: ` 10,500/month Price: ~ ` 37 to ~ ` 40 LakhPlus maintenance


PURVASWANLAKE

on OMR,Chennai.

3 BHK apts. 1699to 1805 sq.ft. *Rent 3 BHK: ` 19,500/month Price: ~ ` 77 to ~ ` 95 Lakh

Plus maintenance


PURVABLUEMONT

Trichy Road,Singanallur,Coimbatore


*Rent 3 BHK: ` 18,000/month Price: ~ ` 88 to ~ ` 107 LakhPlus maintenance


PURVAETERNITY

Kakkanad,Kochi.

3 BHK apts. 1595to 1742 sq.ft. *Rent 3 BHK: ` 17,500/month Price: ~ ` 69 to ~ ` 90 Lakh

Plus maintenance


PURVAGRANDBAY

Marine Drive,Kochi.

3 BHK apts. 1885to 1922 sq.ft. *Rent 3 BHK: ` 25,000/month Price: ~ ` 1.30 to ~ ` 1.97 Cr.

Plus maintenance


PURVAOCEANA

Marine Drive,Kochi

3 BHK apts. 2466to 3417 sq.ft. Price: ~ ` 1.73 to ~ ` 3.67 Cr.*Rent 3 BHK Sea facing: ` 60,000/month

Plus maintenance*Rent 3 BHK Road facing: ` 40,000/month

Plus maintenance


Purva Swanlake@ Chennai

Provident Sunworth@ BangaloreLets say you buy 2 units in

Unit Type

Unit Size (Sqft)

Floor

Base Price per sq foot

3 BHK - Classic

1700

2nd

` 4199 psft

` 76,89,300

Not Applicable, as property is ready

` 80,06,300

` 59,310

2 BHK - Premium

883

5th

` 4290 psft

` 43,04,350

` 45,90,867

` 34,057

` 10,000

` 2,296

` 12,296

36%

Agreement Value

Service Tax & VAT

All Inclusive Price (Prior to Stamp Duty& Registration)

20 year Home Loan EMI (80% of Value borrowed @ 9.55% interest)

Monthly Rentals - Year 1

Approx Monthly Maintenance - Year 1

Gross Rental For Year - 1

% of EMI, covered by Rental in Year 1 (Indicative)

` 19,500

` 4,233

` 23,733

40%

` 24,564

` 5,332

` 29,897

50%

` 30,944

` 6,717

` 37,661

63%

` 15,869

` 3,643

` 19,512

57%

` 12,597

` 2,892

` 15,489

45%



Gross Rental For Year - 4




Gross Rental For Year -7


Most Important Terms & Conditions of MRIP• Purchaser executes a sale deed by paying the full sale value of the apartment within 45 days by bearing the Stamp Duty & Registration fees • Purchaser simultaneously executes a Lease Agreement for 7 years with Puravankara Projects Ltd (PPL) or Provident Housing Ltd (PHL). PPL/PHL bears the Stamp Duty

& Registration costs for the same• Purchaser shall inspect and take possession of the apartment, post which PPL/PHL shall handover 3 sets of keys to the Purchaser, from which the Purchaser shall

retain one set of keys and handover 2 sets of keys back to PPL/PHL, under the terms of the Lease agreement• The key terms of the lease are • PPL/PHL pays a monthly rent with an annual escalation of 8% p.a, uninterrupted for 7 years. The Project wise, monthly rentals are

Project Name,City Unit Type

MonthlyRentals(Yr 1) in INR






MonthlyRental(Yr 7) in INR

Remarks

Provident Sunworth, Bangalore

2 BHK

3 BHK

10,000

12,500

10,800

13,500

11,664

14,580

12,597

15,746

13,605

17,006

14,693

18,367

15,869

19,836

PurvaGold Crest, Bangalore

3 BHK Comfort

3 BHK Grand

21,000

25,000

22,680

27,000

24,494

29,160

26,454

31,493

28,570

34,012

30,856

36,733

33,324

39,672

Purva Oceana,Kochi

3 BHK Road facing

3 BHK Sea facing

40,000

60,000

43,200

64,800

46,656

69,984

50,388

75,583

54,420

81,629

58,773

88,160

63,475

95,212

Purva Windermere, Chennai

One Bed Manhatton Condos

4 BHK

7,000

30,500

7,560

32,940

8,165

35,575

8,818

38,421

9,523

41,495

10,285

44,815

11,108

48,400

Provident Cosmocity, Chennai

3 BHK 10,500 11,340 12,247 13,227 14,285 15,428 16,662

Purva Swanlake, Chennai

3 BHK 19,500 21,060 22,745 24,564 26,530 28,652 30,944

Purva Bluemont, Coimbatore

3 BHK 18,000 19,440 20,995 22,675 24,489 26,448 28,564

Purva Eternity,Kochi

3 BHK 17,500 18,900 20,412 22,045 23,809 25,713 27,770

Purva Grandbay, Kochi

3 BHK 25,000 27,000 29,160 31,493 34,012 36,733 39,672

Maintenanceas per actualsfor the entireperiod of7 years

• In addition to the monthly rent, PPL/PHL shall pay the monthly common area maintenance on actuals, directly to the association of owners• Both Rent & Maintenance payments by PPL/PHL commence from the date of registration of Sale Deed & Lease Agreement• PPL/PHL pays no rental deposit to the Purchaser• PPL/PHL has the right to furnish the apartment, as per the requirements of the sub-lease tenant, at their cost• The property taxes & other statutory levies for the apartment needs to be borne & paid by the Purchaser directly to the concerned authorities• PPL/PHL has the right to sub-lease the property to a tenant & collect rent, deposits, maintenance, which will all be to the benefit of PPL/PHL. • The commercials of the sub-lease shall in no way impact the payment of rentals / maintenance to the Purchaser by PPL/PHL• PPL/PHL shall bear costs incurred towards the sub-lease, namely brokerage, registration fees of the sub-lease agreement and legal fees towards

enforcement of the sub-lease agreement, if any • The Purchaser is free to sell the apartment at anytime, along with the attornment of the Lease agreement. The Purchaser/ new purchaser shall at all times

abide by the conditions of the sub-lease agreement entered by PPL/PHL with the sub-lease tenant.• The Purchaser has the exclusive right to terminate the lease with PPL/PHL anytime and take possession of the apartment, subject to the protection of rights

of the sub-lease tenant as per the sub-lease agreement. On termination of lease agreement, all obligations of PPL/ PHL shall cease. • The Purchaser agrees to take possession of the apartment at the end of the 7 year lease period, without demanding PPL/PHL to refurbish / rectify / repair

the apartment of the wear & tear arising from occupation of the apartment or its vacancy over the 7 year period

• The Lease Manager shall identify, negotiate, perform basic due-diligence and finalise the tenant for the Apartment, with whom a sub-lease will be executed• Lease Manager shall be entrusted with the keys to the apartment, so as to facilitate inspection by prospective sub-lease tenants• The Lease Manager will also inspect the apartment on the sub-lease tenant vacating it• As of May, 2016. Jones Lang LaSalle Residential Pvt. Ltd. has been appointed as the Lease Manager by PPL/PHL

• Purchaser authorizes PPL/PHL to appoint any agency as a Lease Manager. Some of their key roles are

1. This offer is valid till 31st July, 2016. However the offer may be extended at the sole option of PPL/PHL.2. Under this offer PPL/PHL is offering certain pre selected units. PPL/PHL reserves the right to add more

units under this offer3. The average home loan interest rate offered by banks is currently 9.55% per annum. This rate may vary

from bank to bank and consequently the EMI calculations may vary.4. The property prices mentioned in the brochure are the current prices. This may vary in future.5. The selection & allotment of unit is subject to realization of the booking cheque, subject to availability

& final confirmation from PPL/PHL.6. The statements, information and opinions expressed or provided in this Presentation and any other

subsequent information provided is intended only as a guide to some of the important considerations. 7. Property particulars, terms & conditions and other details given in this presentation/marketing

collateral are neither contract, nor is it an advisory effort by PPL/PHL, its employees or its associates. 8. This document is confidential to the addressee and is not to be subject of communication or

reproduction wholly or in part. All marketing collaterals/brochures/images are indicative and are conceptual in nature only. Errors & Omissions Excepted

Disclaimer:

www.puravankara.comE-mail: [email protected]

080 44 555 555

Documents

MANAGED - i4.sdlcdn.comi4.sdlcdn.com/img/realestate/puravankara1/MRIP.pdf · An innovative, low risk real estate investment to help you build a long term rental income. Investment