High Monthly Rental Income
Serviced Apartments @
 GREATER NOIDA 

Earn Rs.38,000 to 60,000 per month
by investing in Serviced Apartments in GREATER NOIDA

On an investment of just Rs.45.5 lakhs and Rs.70.5 lakhs
(all inclusive of registration, stamp duty, furniture & fitouts, taxes & deposits)

Construction Starting Soon
 
You can expect to start earning from mid 2021  

4x Greater Rental Income
than Normal Apartments

Exploding Demand for
Hotel Apartments in India

Managed by India’s Leading
Hotel Apartment Operator

Huge Tax Savings (Sec 24)
Upto Rs.2,00,000 p.a.

Property Loan Available
from HDFC (not for NRIs)

Zero Maintenance Asset
with 20 Year Lease

Enjoy FREE Stays Every Year
7 Free Days across India

Already Operating @
Bangalore, Cochin & Delhi-Neemrana

Outstanding Location
Center of Greater Noida

Construction is
about to begin shortly…

Start earning rental income from mid 2021

Artist’s Rendering of Starlit Suites Greater Noida

Enjoy Stress-Free Rental Income!

Why go through all the stress & hassles of buying & renting out property on your own to ultimately earn just 2% to 4% per annum, when you can earn almost 4 times as much – i.e. 10% to 12% per annumwithout any maintenance or involvement from your side by investing in these serviced apartments?

What is Starlit Suites / Serviced Hotel Apartment Concept?

Starlit Suites is a leading 3 star serviced hotel apartment operator of India and by investing in their hotel apartments in Greater Noida and other major cities, you can earn highest monthly income of Rs.38,000 to 60,000 per month on lowest investment of just Rs.45.5 lakhs (Studio) & Rs.70.5 lakhs (1 BHK) respectively.

HOW DOES THIS WORK?

  • You invest in a fully furnished, fully air-conditioned and fully serviced hotel apartment (Studio / 1 BHK) that will be built to the standards of a 3 star hotel.
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  • The unit is owned completely by you (registered in your name just like any other apartment) but is operated and managed by Starlit Suites Group and marketed to the leading Indian corporates and MNCs (incase of metro cities) and tourists & vacationers / pilgrims (incase of tourist or spiritual destinations like Shirdi & Tirupati)  as a 3 star extended stay serviced hotel apartment.
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  • The operator already has rate contracts and formal tie-ups with over 200 leading companies in India – including many Fortune 500 firms such as Cisco, Dell, HP, TCS, Wipro, Infosys, etc – whos’ employees stay in these hotel apartments when they travel on work, thus giving the operator assured business / occupancy throughout the year.
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  • Incase of spiritual destinations like Shirdi and Tirupati, the operator has tie-ups with leading travel agencies, online portals (like Makemytrip.com / cleartrip.com / booking.com etc) and event management companies to capture casual tourists / vacationers / pilgrims as well – in addition to corporates.
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  • The total gross revenue generated by all the units in the entire hotel apartment tower is then shared in a 50:50 ratio between you (the investor/owner) and Starlit Suites (the operator).
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  • This means you earn rental ROI of 10% to 12% in the beginning – which is 4 times greater than rental income from normal apartments or villas – and the income grows to as much as 20% per annum over time.
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  • The operator Starlit Suites is a leading player in his category and is currently managing hotel apartments at Bangalore, Cochin, Pune & Neemrana, with towers under construction at 6 more cities of India. You can view their complete profile in the “Annexure” section at the end of this page.

Continue reading to know more and also see the “ANNEXURE” section at the end of this offer document for exhaustive information on income projections, payment schedule, location map, floor plans and much more.

Located in the heart of Greater Noida

One of the fastest growing Commercial Hubs of Delhi-NCR & North India

Located right in the heart of Greater Noida city center,
off the 6-lane Yamuna Expressway connecting Delhi to Agra

Jaypee Greens Golf Resort
Right next door!

India Expo Center
3.6 Kms or 11 Minutes

Buddh International Circuit
21 minutes or 17.8 Kms

Some of the major firms & industries in Greater Noida…

the list goes on and is expanding every day.

Why should you invest
in Starlit Suites?

1

4 Times Greater Rental Income than that of Normal Apartments

Purchasing a regular apartment and then renting it out will only give you 2% to 4% returns per annum. In comparison, serviced apartments give you 10% to 20% ROI per annum.

2

No Maintenance Charges + Stress-Free Management

These hotel apartments are managed & maintained completely by the operator at his cost – thus freeing you of the hassles involved in renting out property on your own.

3

Tried & Tested Model + Exploding Demand for Hotel Apartments

Over 380 investors round the world are already reaping benefits of this investment as Starlit Suites – with their rich experience of 37 years in hotel industry – has perfected this model over the last 6 years and is successfully operating 4 hotel apartments at Delhi, Pune, Bangalore and Kochi.

4

Highly Affordable Price & Relaxed Payment Schedules

Units start as low as Rs.45.5 lakhs, making this very affordable. You also get loans from HDFC for upto 60% of unit cost, which means you pay just 40% or Rs.17 lakhs from your pocket and rest is funded by bank.

5

Timely & Automated Payment of Monthly Income to Your Bank Account

Each month’s income is credited directly to your bank account through ECS on the 25th of the following month, making collection of rent a stress-free and automated experience. You don’t have to worry about timely payments or collection and encashments of cheques etc.

6

Seven Days Free Stay @ Starlit Suites

 – You get 7 days free stay for 1 unit owned by you per year with complimentary breakfast.
– Out of this, 4 days can be at any location where Starlit is operating and balance 3 days can be availed at the location where you have invested (in this case, Greater Noida).
– You can accumulate the same for 2 years and also can gift free stays to family, friends and colleagues.

7

Asset Pays for Itself & Becomes Free in 8 Years

Unlike a normal apartment where EMI is 2 to 3 times greater than rental income, incase of serviced apartments, income is always greater than EMI and hence the project pays for itself and due to such excess income, you will recover your entire initial investment (i.e.40% of unit cost) within 8 to 9 years.

8

Chance to Acquire Property in Prime Locations

Apart from monthly income, you are also going to earn capital gains as you are acquiring an asset in very prime and key commercial localities of key cities of India. Normally, it would not be possible to acquire such prime property at such low ticket sizes and because of this, you will also enjoy tremendous capital gains in addition to high monthly income.

Artist’s Rendering of Starlit Suites Greater Noida

How does Starlit Suites serviced apartment generate such high monthly rental income?

  1. A custom designed serviced hotel apartment tower is constructed by a leading builder, with all the facilities of a 3 star hotel such as gym, pool, bar & restaurant, meeting rooms, etc.
    The tower consists of a mix of Studio, 1 BHK and 2 BHK units (depending on demand in each market which varies from city to city) which are fully furnished to support extended stays with facilities like microwave, cooktop, fridge, etc.
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  2. Individual investors like you would buy 1 or multiple units which will be owned completely by you & registered in your name.
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  3. The price quoted is ALL INCLUSIVE – that is, basic cost of the unit plus cost of furniture, fitouts, taxes, deposits, registration and stamp duty.
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  4. You pay the total unit cost in instalments linked to progress of construction – in this case, you pay in 13 instalments spread over 2.5 years.
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  5. You can get loan for upto 60% of unit cost, which means only 40% is paid by you and balance is funded by bank.
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  6. At the time of booking your unit, you also enter into a 20 year RMA (i.e. Rental Management Agreement) with Starlit Suites, the hotel operator.
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  7. Once construction is complete, you along with all other unit owners in this hotel apartment will handover the keys of your respective units to Starlit Suites (the operator) on the basis of the above mentioned RMA for next 20 years.
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  8. Starlit Suites (the operator) will then bring in manpower and working capital to run this hotel apartment and rent out rooms / units for extended stays to employees of India’s leading corporates and MNCs (including Fortune 500 companies).
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  9. The operator has formal tie-ups / rate contracts with leading firms in and around Greater Noida and across India (such as Wipro, HCL, STMicroelectronics, Asian Paints, Delphi, Moser Baer, LG Electronics, Honda Siel, Escorts Yamaha Motors, Infosys, Wipro, Cisco, HP, Dell, HCL, TCS, Biocon, etc.) which ensure continuous demand / occupancy for rooms throughout the year.
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  10. Incase of spiritual destinations like Shirdi and Tirupati, the operator has tie-ups with leading travel agencies, online portals (like Makemytrip.com / cleartrip.com / booking.com etc) and event management companies to capture casual tourists / vacationers / pilgrims as well – in addition to corporates.
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  11. The total gross income generated by ALL the units in the tower is then pooled into a SINGLE BUCKET at the end of each month and then 50% of such total income is distributed equally among all investors – ofcourse based on the size of unit / proportion of area owned by them in the tower.
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  12. Your share of the above 50% paid to all unit owners translates into annual returns of approx 7.5% in Year 1, 8% in Year 2 and 11% to 12% in Year 3 and this keeps increasing year on year to almost 18% to 20% p.a. by 20th year – which means 4 to 5 times greater rental income than that of regular apartments or villas.
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  13. You earn income irrespective of whether YOUR unit is rented out / occupied or not :
    Since income of all rooms is pooled into a single bucket and then divided equally among all unit owners, you will earn as much income as any other similar unit owner – irrespective of whether your own particular unit is occupied or not.
    .
  14. No scope for operator to cheat you as you are getting 50% of TOTAL or GROSS INCOME :
    Since you and other unit owners are being given 50% of TOTAL / GROSS income – that is total revenue BEFORE any expenditure is deducted by operator – you will always earn high rental income irrespective of the expenses incurred by the operator.
    .
  15. Income is credited automatically to your bank account every month via ECS :
    Your income is credited directly to your bank account through ECS credit on the 25th of every month – which means absolutely no manual collection of rent cheques!

* For the 1st & 2nd year, you get 40% of total income and from 3rd year onwards, you get 50% of total income. This is done as operator incurs massive expenditure in marketing & promoting the new building in the beginning and is hence given 60% of the total income in the 1st & 2nd year and from 3rd year onwards, the total income is shared equally in a 50:50 ratio between you (the investor) and operator.

Photos of Starlit Suites

You can see that ambiance & quality of rooms are on par with 3-star hotels.

What is the rental income per month?

  Income Projection Sheet  

On average & in the beginning, you will earn approx Rs.38,000 per month on a Studio of Rs.45.5 lakhs and approx Rs.60,000 per month on a 1 BHK of Rs.70.5 lakhs.

Over the next 15 to 20 years, this income will grow to Rs.60,000 & Rs.92,000 per month for a Studio & 1 BHK respectively.

  • For you to know how much you can expect to earn per month from year 1 upto year 20 and beyond, the operator has created a detailed Income Projection Sheet (PDF), based on the occupancy levels he expects to achieve and the room rates he can charge based on the rate contracts that he has with his clients.
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  • Operator has assumed average occupancy rate of just 70% throughout the lifetime of the propertywhich is a very conservative estimate as he is running his existing properties at a much higher 75% to 80% on average.
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  • Even the room rates he plans to charge are very conservative compared to other hotels in the surrounding areas – infact Starlit Suites gives you 2 to 3 times larger rooms for 50% to 50% LESS than comparable hotels.
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  • Click here to view this Income Projection Sheet.

Bigger Rooms
for Lesser Cost 

  • In Greater Noida, a good 3 / 4 star hotels such as Radisson Blu or Crowne Plaza charge nothing less than Rs.5,000 to 9,000 per night and a comparable 3 star serviced apartment such as Savoy Suites costs alteast Rs.4,000 per night or more. And all these hotels offer rooms that are just 200 to 400 Sft in size on average.
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  • Starlit Suites Greater Noida on the other hand is giving you a Studio (580 Sft) / 1 BHK (900 Sft) for an average rate of just Rs.3400 per nightwhich means you are getting 2 to 3 times larger room for 20% to 50% LESS than the cost of comparable hotels in the same area.
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  • This makes Starlit Suites an incredible VALUE FOR MONEY option which attracts not only business travellers but also leisure travellers / tourists as well.
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    * Prices quoted here for comparable hotels are for a Double Occupancy Cancellable Booking with Breakfast. Many price comparison or online booking websites show prices that are EXCLUDING breakfast or NON-CANCELLABLE rates which might be misleading and hence always consider above when comparing prices with Starlit Suites. Such hidden charges could add as much as 20% to the basic cost of a room.

Look at what comparable top hotels in Greater Noida are charging as of today…

Shown below are screenshots of the world’s most popular hotel reservation website – booking.com where you can clearly see the kind of rates being charged by top comparable hotels in Greater Noida as of today.

Rates shown below are of Standard Double Rooms which are comparable only to Studio rooms in Starlit Suites Greater Noida, whereas we will also have much bigger 1 BHKs too.

Therefore, compared to rates of existing hotels, Starlit Suites is going to be much more affordable / cheaper despite providing the same quality of service, amenities and ambience.

Enjoy 7 FREE Star Nights per Year

You get 7 nights free stay per unit per year, with complimentary breakfast.
Out of 7 nights, 4 nights can be used at any Starlit Suites tower across India.
4 towers are currently operational, 6 under construction and 20 more in pipeline.

What makes this income so predictable and stable?

What is the guarantee that I will earn the income that is being showcased here?

This model is tried and tested and has been running successfully for the last few years at Bangalore, Cochin, Pune & Delhi-Neemrana.

The below features make it a foolproof investment where all your interests are safe guarded & no one can manipulate your investment or its returns.

You Earn Income Even If your Room is Vacant

Since income from all the rooms is combined into a single bucket and then divided equally among all investors irrespective of whether their particular unit is rented out or not – you will still earn as much as every other unit owner in the building. Hence, you need not worry about whether your individual unit is getting rented out or not.

Stable & Predictable Demand Locked-In In Advance

The operator has already established relationships with over 200 MNCs – including many Fortune 500 firms – and signed formal rate contracts with many of them, which gives him assured business / occupancy for rooms throughout the yearwhich in turn means consistent monthly income for you.

Gross Income Sharing : No Scope for Operator to Cheat You

You get 50% of Gross Income – which is TOTAL INCOME BEFORE any expenses are deducted by the Operator – and hence there is no scope for manipulation and making your income independent of expenditure incurred by the operator. This means operator cannot inflate expenses and show less profit to try and cheat you etc.

Audited Statements Issued to You every 3 Months

Once every 3 months, you are given Audit Certificate (issued by a Chartered accountant) giving you details of the entire revenue generated by the building for each month and how that income is being split between operator and investors. This along with above aspect of sharing of gross income will ensure highest level of transparency as this leaves no scope for operator to manipulate accounts in any manner.

No Cash Transactions

Since payments are made by companies by RTGS / cheques or by employees’ credit card, there is hardly any cash involved and hence no scope for operator to manipulate occupancy figures to hide any income. Even incase of bookings by casual travellers, systems have been put in place by the operator to eliminate any unaccounted occupancy.

No Maintenance Charges or
Monthly Expenditure

Operator pays all expenditure out of his share of income – hence ZERO expenditure for you as investor

As an investor, you do NOT incur any expenditure for day to day management or operations of the hotel tower.

All expenses are incurred by the operator OUT OF HIS SHARE OF THE INCOME and hence such expenditure does NOT affect YOUR SHARE of income.

  1. OPERATING EXPENDITURE
    Staff salaries, electricity & water costs, licenses, etc and all and any expenditure related to day to day operations are paid for by the operator out of his share of income and hence will not be paid or shared by you.

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  2. FURNITURE REPLACEMENTS
    Your unit comes with furniture, appliances and fitouts included, which are executed by the operator to ensure highest quality. Incase of any damage to the items, they are replaced at the cost of the operator and hence you as an investor need not worry about the quality and safety of your furniture or having to pay for repairs and replacements etc.

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  3. INTERNAL MAINTENANCE
    The operator takes complete responsibility for maintaining the property on the lines of a 3 / 4 star accommodation AT HIS COST to ensure highest occupancy. This automatically ensures the highest upkeep of your property and strong capital values and appreciation.

** SINKING FUND **

  • To keep the hotel fresh, new and relevant to changing tastes and amenities, the operator carries out overhauls / upgrades of major equipments and amenities of the hotel (such as lifts, carpets, exterior facade, power back-up generators, etc) which needs a significant investment once every 8 to 9 years.
  • Instead of expecting investors to invest once again out of their pockets, the operator creates a corpus of funds by setting aside 3% of your share of income into a separate account called a “Sinking Fund”.
  • This money & the interest earned on the same belongs to you and all the other investors jointly is used to make such large changes and overhauls.
  • This way, you will not have to invest extra money once every 8 to 9 years which is very important and has to be done to keep the building and rooms attractive to guests in the long run.

Is there enough demand for serviced apartments in India?

A growing number of business travellers / companies & tourists prefer staying in serviced apartments than hotels because…

For Travellers

  • The operator’s main target is the corporate traveler who travels for training, conferences, exhibitions, short-term projects, etc. where typical stay lasts for 10 to 14 days on average and can extend up to as much as 6 months to 1 year in some cases.
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  • Another big target segment are employees who have been relocated to a new city or fresh hires who are being given 15 to 30 days of free accommodation by their employer.
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  • Incase of spiritual destinations like Shirdi and Tirupati, even casual tourists / pilgrims are increasingly preferring serviced apartments as rooms are 2 to 3 times larger and more importantly, 30% to 50% CHEAPER than hotel rooms.
    .
  • Such long term travellers always prefer a serviced apartment over a regular hotel because they can cook their own meals, order room delivery of food from their favourite restaurant and entertain guests in their rooms – which is not possible in star hotels.
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  • And they can enjoy all of this with an ambiance similar to a 3 star hotel, but in much bigger rooms with more spacegiving them a comfortable “home away from home” feel.

For Companies

  • After salaries and office rent, the 3rd biggest expenditure for companies are employees’ TRAVEL RELATED COSTS.
    .
  • Serviced apartments are 30% to 40% CHEAPER than hotel rooms, which results in tremendous cost savings for companies – especially when employees travel for extended periods.
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  • The operator also complies with their requirements for fire and safety measures, ensuring highest safety for their employees in line with corporate insurance policies.
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  • This coupled with close proximity of these hotel apartments to major IT/ITES, finance & other business hubs, is greatly contributing to the increasing demand for such corporate serviced residences across India.

Operator Profile and Experience

Starlit Suites – India’s No.1 extended stay serviced apartment operator

To understand their leading position in India in this segment and their unique strengths to ensure good monthly income in the long run, click here to read their profile.

  • There are NO organized or established serviced hotel apartment chains / operators in India, that too with multiple properties across the country.
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  • Existing serviced apartments are fragmented, unorganized and mostly run by individuals or part time players who have no expertise in the business and are limited to just one location or city.
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  • Starlit Suites is the first organized & branded player in the Extended Stay Segment across India with properties in multiple cities (4 operational, 6 under construction and 20 more in the pipeline) and is hence leading the market.
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  • Other hotel brands are focused entirely on the Short Stay Segment which is completely different and DOES NOT COMPETE or COMPARE with serviced apartments – as the target customers, pricing, duration of stay, facilities provided are completely different in both these industries.
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  • Starlit Suites focuses purely on Extended Stay segment for corporate travellers which has a much larger audience + consistent, predictable and growing volumes year after year.

Can you sell this apartment after sometime & exit?

YES you can.

You can sell your unit to anyone at any point of time and exit with substantial capital gains, in addition to the monthly income that you would have earned until then.

Massive Demand for High Monthly Income Assets

  • Current FD rates in India are at an all-time low of 6.75% per annum and are set to fall further to as low as 5% over the next few years.
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  • Rental income from residential property is a minuscule 2% to 4% and falling.
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  • Commercial property may give you 7% to 8% ROI but they need a much larger investment of Rs.3 to 5 crores which is impractical for most of us.
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  • So people will happily buy any asset that gives you more than 9% to 10% ROI – which Starlit Suites exceeds by a large margin as it gives you 10% to 12% in the beginning which grows to as much as 18% to 20% by 15th year.
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  • Investors would queue-up outside your door to buy such a high income generating asset from you as there are no other safer, stable and predictable income alternatives in India.

Greater Appreciation than Regular Apartments or Villas

Since these apartments are fully furnished, fully air-conditioned and fully serviced and come with a long lease with high monthly income, they will appreciate a lot more than regular apartments or villas.

Loans make it Very Affordable

Small ticket sizes and availability of loans make these highly affordable and easy for anyone to invest in Starlit Suites, because of which there is massive demand for such assets – making it easy for you to sell whenever you want to.

Constant Waiting List for Resale Properties

We receive enquiries on daily basis from many investors who are eager to purchase such high income assets and hence reselling your unit will be easy due to such waiting list that builds up in each city. For example, at Bangalore where we did our first tower (126 room hotel at Electronic City), we have a waiting list of over 57 people who are eager to buy any unit that may come up for resale.

Buyer Gets Income from Day 1 of Investment

The person who is buying this asset from you would start earning rental income immediately (i.e. from Day 1 of his investment) and thus would be willing to pay you a premium to buy such a proven asset from you. You can also show your bank statement as a proof of income being generated by your unit.

Seven nights FREE Stay @
ANY Starlit Suites property
across India

With breakfast!

  • For every unit you own, you get 7 nights of FREE stay with breakfast PER UNIT PER YEAR.
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  • Out of these 7 nights, you can spend 4 nights at any other Starlit Suites location (currently operational at 4 locations, 3 more to get added by end of 2017 and 20 other cities eventually over the next 6 to 8 years).
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  • That is, if you invest in Starlit Suites Greater Noida, you can use all the 7 free nights at Greater Noida, or use upto 4 nights at any other location such as Bangalore, Hyderabad, Shirdi, Tirupati, Delhi-Neemrana, Cochin, Kolkata and balance 3 nights at Greater Noida.
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  • You can also gift these free nights to your family, friends and colleagues and any unused free nights can be rolled over to the next year (for a maximum of 2 years).

Asset becomes Free in 8 Years

You will recover your entire investment in 8 to 9 years

  • When you invest using a loan, the income from these hotel apartments will be greater than the EMI you pay on your loan.
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  • This is because your EMI is calculated at 9.8% to 10% (floating rate) on 60% of unit value, whereas you are earning income of 10% to 12% on 100% of unit value.
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  • For example, when you buy a Rs.45.5 lakh Studio by taking 60% loan which is Rs.27 lakhs, your EMI would be approx Rs.29,000 per month, whereas income by end of 3rd year itself is Rs.38,700 per month – which means you are left with profit of Rs.9700 per month EVEN AFTER paying off your EMI.
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  • And this excess profit will only keep increasing every year, for example – by 5th year, income grows to Rs.43,000 per month, which means you are left with profit of Rs.14,000 per month!
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  • Because of this excess income (which keeps increasing every year as EMI remains same but income keeps increasing), you will accumulate enough funds to recover your entire investment of 40% in 8 to 9 years time.
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  • Post this, you will continue earning monthly income FOR FREE as technically, you are earning this on ZERO investment (as you have recovered your entire initial investment).
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  • Therefore, investing in this hotel apartment using a loan is the smartest way to create wealth and earn higher ROI in the long run.
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  • Even if you can afford to pay the entire cost of unit from your own funds, it is financially more lucrative to invest using a loan.

Invest in Starlit Suites Greater Noida if…

  • You want to generate an increasing & continuous stream of high passive income to supplement your primary source of income and elevate your lifestyle.
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  • You want to build a secondary source of income as a back-up / insurance against job loss, etc in these increasingly uncertain times.
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  • If you dream of retiring early or are on the verge of retirement and want to create a steady stream of stable, predictable and high monthly income.
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  • If you are an NRI yearning to return to India but are unsure or have no safe way to generate a consistent monthly income to maintain your current lifestyle that you enjoy abroad, once you are back in India.
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  • If you are an NRI who has settled abroad and decided not to come back to India forever but want to take advantage of India’s booming economy and real estate story – for which this asset is the best way to participate in India’s growth.
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  • If you dream to own a chain of hotel rooms across India by investing in multiple micro assets across top cities of India instead of sinking all your money into a single asset in just one city.
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  • If you want to own an asset that is entirely managed by India’s leading professionals rather than having to manage them yourself.
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  • If you have already retired and want a safe investment that can generate monthly income without having to lock-in your capital for a long time, which is the case with most of the options available today such as FDs, Provident Fund, finance or chit fund companies which provide low monthly returns, no capital appreciation and also block your funds for a very long time.
  Frequently Asked Questions..
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Have some more questions?

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Visit the FAQ (Frequently Asked Questions) section to find answers to almost any question or concern that you may have regarding this unique high monthly rental income asset.

Enjoy Stress-Free Rental Income

Why go through all the stress & hassles of buying & renting out property on your own to ultimately earn just 2% to 4% per annum, when you can earn almost 4 times as much – i.e. 10% to 12% per annum – without any maintenance or involvement from your side by investing in these serviced apartments?

Project Overview

 LOCATION 
On the Sector Alpha Main Road, just 2.5 kms or 3 minutes off the 6 lane Yamuna Expressway, right in the heart of Greater Noida city centre and neighbouring Jaypee Greens Golf & Spa Resort and bang opposite the proposed Sector Alpha Metro Station.

 SIZE OF PROJECT 
100 units spread across 2 floors
Part of a 5 storied commercial & retail mix-use development with Starlit Suites on top 2 floors

 TYPE, SIZE & COST OF UNITS 
~ Studio (580 Sft) : Rs.45.5 lakhs (Selling Fast)
~ 1 BHK (900 Sft) : Rs.70.5 Lakhs

 EXPECTED COMPLETION DATE 
Construction is expected to commence in Feb / March 2018 and completion expected by January / February 2021.

 SANCTION / APPROVAL STATUS 
All Approvals Received & Project is Pre-Approved by HDFC for Non-Residential Property Loan at 9.6% to 10% (Loan is available only for Resident Indians and NOT for NRIs)

Location Advantage

Where in Greater Noida is this located?

Starlit Suites Greater Noida is located right in the heart of Greater Noida, in Sector Alpha – One of the fastest growing Commercial Hubs of Delhi-NCR & North India.

It is just 4 kms off the 6-lane Yamuna Expressway connecting Delhi to Agra, under 42 kms to the upcoming Taj International Airport (which is set to become the 2nd airport for Delhi NCR region after Delhi’s Indira Gandhi Airport which has already exceeded its planned capacity).

Shown below are some of the major landmarks of the area and explains why this part of Greater Noida is rapidly expanding :

Taj International Airport
Situated at Jewar, Uttar Pradesh – around 43 minutes or 42.9 kms from Starlit Suites Greater Noida via Taj Express Highway/Yamuna Exp

  • In May 2017, the Taj International Airport near Greater Noida was granted approval by the union government cabinet as the second airport for the Delhi- NCR as the Indira Gandhi International Airport (IGIA) in Delhi is nearing its full capacity.
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  • This new airport will be constructed in Jewar, around 43 Kms or 43 minutes from Greater Noida and will be accessible via the excellent 6 lane Yamuna Expressway.
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  • The airport is expected to be operational in the next 5 to 6 years, at an investment of Rs 20,000 crores and will serve 30-50 million passengers per year over the next 10-15 years.
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  • It will not just address the aviation needs of Delhi airport but also cities like Agra, Mathura, Bulandshahr and Meerut.
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  • The state cabinet approved the disbursal of Rs 330 crore to Yamuna Expressway Industrial Development Authority (YEIDA) on 7th December to start acquiring land for the sanctioned international airport at Jewar.
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  • This airport is now a reality and hence will provide tremendous boost to the economy of Greater Noida and West UP.

India Expo Mart
IEML is a state-of-the-art, multi-functional venue suitable for hosting international business-to-business exhibitions, trade fairs, conferences, meetings, seminars, product launches and promotional events for both overseas & local industries. At over 28,000 square meters with ample parking for over 4000 cars & 30 Buses/Trucks and 100% power backup up to 16MW, this is one of the largest expo centers in the country and is now the default venue for major annual events like :

  • AUTO EXPO – THE MOTOR SHOW
    The largest auto show of its kind in India which used to previously take place at Pragati Maidan, New Delhi has now been permanently moved to this venue for all its future editions.
    .
  • ELECRAMA
    The biggest showcase of the world of electricity, ELECRAMA brings together the complete spectrum of solutions that powers the planet.
    .
  • INDIA INTERNATIONAL COSMETIC EXPO
    India’s largest trade show related to personal care, health care, perfumery, packaging, private labellings, home care, cosmetics, machinery, pharma & cosmetics.
    .
  • ASIA ELEVATOR & ESCALATOR EXPO
    An internationally renowned exhibition and conference focusing on Elevator, Escalator and all Allied Industries.
    .
  • ELECTRONIC FOR YOU EXPO
    The only event in India that focuses on the latest manufacturing techniques like Rapid Prototyping, Desktop Manufacturing and the latest in Components.
    .
  • Indian Fashion Jewellery & Accessories Show
  • Indian Furnishing, Flooring & Textiles Show
  • Renewable Energy India
    and many more…

Jaypee Greens Golf & Spa Resort
Jaypee Greens Golf Course, an 18-hole, par-72 course designed by Greg Norman, is situated right next to Starlit Suites Greater Noida and is the 1st 18 hole golf course of India. This 452 acre course opened in June 2000 and received a “Tourism Friendly Golf Course” award from India’s Ministry of Tourism in 2011 and the is ranked 5th best Golf Course of India by the website Top100. This masterpiece is the longest course in India and is a visual treat for all the travelers, sportspersons and normal passerby.

Buddh International Circuit – India’s Racing Arena
On 30 October 2011, the Buddh International Circuit at Greater Noida hosted the inaugural Formula One Indian Grand Prix – the 1st Formula One Grand Prix to ever take place on the Indian subcontinent. It is also hosts many premier racing events annually, such as the T1 Prima Truck Racing Championship by Tata Motors, JK Tyre FMSCI National Racing Championship, etc. At an approximate length of 5.13 km, this 120,000-capacity circuit is spread over 874 acres and hosts race days and track events throughout the year, which attracts a significant number of tourists from all over the country. During these events, all major hotels in Greater Noida tend to get SOLD OUT completely, with rates going up 1.5 to 2 times over the normal price.

Metro Connectivity
The construction of metro is underway in the twin cities of Noida and Greater Noida since 2013 and it will primarily run across the Noida-Greater Noida Expressway. Delhi Metro already connects to Noida and by April 2018, a 30 km metro link is expected to become operational between Noida and Greater Noida, thus providing direct and non-stop connectivity from Delhi to Greater Noida. And best of all, the Alpha Sector Metro Station is situated BANG OPPOSITE Starlit Suites Greater Noida!

Schools & Institutes
Greater Noida is home to some of the country’s most premier institutes, such as :

  • Cambridge School
  • Delhi Public School
  • Ryan International School
  • Apeejay International School
  • St. Joseph’s School
  • Somerville School
  • Sharda University
  • Lloyd Law College
  • Galgotias University
  • Shiv Nadar University
  • Gautam Buddha University
  • Noida International University
  • NIILM Centre for Management Studies
  • Birla Institute of Management Technology
  • Franciscan LiveActs International Academy
  • IEC College of Engineering and Technology

Industries
While shown below is a list of some of the largest companies & industries in Greater Noida, the most recent addition is Patanjali Ayurved, which is investing Rs.2000 Crore in a greenfield investment in Greater Noida (announced in November 2016 & already approved by Uttar Pradesh Cabinet). Taiwan Electrical and Electronics Manufacturers’ Association will develop a 210-acre greenfield electronic manufacturing cluster in Greater Noida with an investment of USD 200 million. A clutch of mobile manufacturers have also shown interest in investing in Greater Noida, among many more.

Some of the major firms & industries in Greater Noida…

the list goes on and is expanding every day.

FINANCIALS

Returns Matrix, Payment Schedule,
Booking Amounts & Loans

Affordable Prices & Unit Sizes

Studio (580 Sft) : Rs.45.5 Lakhs – Selling Fast
1 BHK (900 Sft)
: Rs.70.5 Lakhs

These figures are of :
 – Inclusive of all furniture and fitouts as per list of furniture and fitouts available in the annexure section at the bottom of this article
 – Inclusive of Registration and Stamp Duty as applicable on date of registration (subject to changes by govt from time to time)
 – Inclusive of all taxes / GST, cess & deposits payable to local municipality / government (subject to changes by govt from time to time)
 – Exclusive of G&C’s service fee of 1.5% on the basic value (read more about this here)

Unlike other apartment projects where you are charged an additional premium for floor rise or premium location etc, there are no such additional charges in this hotel apartment and everyone pays the exact same cost irrespective of position of your unit in the tower.

This ensures that everyone in the apartment earns equal returns irrespective of unit position.

Easy Payment Schedule

  • Booking Amount :
    10% on booking / along with booking form.

    .
  • On Execution of Agreements :
    10% on execution of agreement in 2 to 3 weeks from date of booking.
    .
  • Balance 80% :
    – Incase of self funding, this is payable over 2.5 years from date of execution of agreements.
    – Incase of loan funding, another 20% is payable over 2.5 years from date of execution of agreements and balance will be funded via loan. (subject to your individual eligibility*).

Comparative Price Analysis

Please click here to view a comparative analysis of cost price of Starlit Suites Greater Noida versus comparable apartments in the vicinity and you will be thrilled to see that this super class high monthly income asset is available to you at a discount when compared to a regular apartment in the surrounding area.

Loan Available for Resident Indians

Upto 60% of unit cost can be funded via the loan which means you pay only 40% out of your pocketEntire loan process will be handled in-house by us on your behalf so you dont have to spend time and energy in running around banks etc.

However, do note that since this is commercial property, the loan will be considered “Non Residential Property Loan” and rate of interest will be around 1.5% higher than regular home loan rate.

Loan is NOT available for NRIs.

Income is Credited to Your Bank Account Every Month (via ECS)

Each month’s income is credited directly to your bank account on the 25th of the following month and hence there is no need for you to monitor or follow-up for collection of income.

Returns / ROI

While a detailed “Income Projection Sheet” is available in the annexures section, given below is a quick summary of returns you can expect to earn – based on very conservative occupancy and room rates assumed by the operator which we have also validated at our end, based on existing market rates of comparable hotels in the area) :

  • 7% p.a. by end of 1st year of operations (and this does not include the abrupt hike in capital appreciation of asset in the first 3 years)
  • 10.2% to 11% p.a. by 3rd year
  • 15% to 16% p.a. by 15th year

If you take into consideration the high initial appreciation of capital values in the first 3 years and considering that the asset value might almost double in 4 to 5 years, you may end up earning an average ROI of 30% in 1st and 2nd year alone and hence this is a NO – BRAINER Investment.

Documentation Invovled

  1. Sale & Construction Agreement (SCA)

    This is between you and the builder for purchase of the flat and covers the terms and conditions of sale and construction of the hotel apartment and the timelines involved. This agreement will also have clauses to compensate you incase of delays in construction.
    .

  2. Rental Management Agreement (RMA)

    This is between you and Starlit Suites (operator) and captures the terms and conditions of the revenue-sharing agreement with the operator. It contains important clauses related to revenue sharing, operator’s responsibilities, complimentary stay, period of contract, etc.
    .

  3. Furniture & Fitouts Agreement (FFA)

    This is between you and Starlit Suites (operator) and it covers the cost and schedule of items that will be included as part of furnishings of your room as per 3 star hotel apartment standards.
    .

  4. Power of Attorney (POA)

    This is a legal document giving Starlit Suites the power to operate the unit on your behalf and is a matter of legal formality.

Booking Your Unit

The booking process is fairly simple as explained below :

Step 1

Please inform one of our team members who will send you the booking form, which you can fill and send back a soft copy along with details of payment of booking amount which you can pay via net banking or by issuing a cheque.

Step 2

Based on your preference if any, a short list of available units will be sent to you and you can choose from the same to proceed further. All units are priced the same and the returns are distributed equally and hence you can choose any unit out of whatever is available without bothering too much about floor or facing.

Step 3

In addition to booking amount, once you pay 20% of unit cost, agreements will be printed and issued to you for signing, post which they will be sent back to builder for execution and you will be given your set once builder signs the agreements.

Step 4

Balance 80% may be paid as per payment schedule and incase you are going for loan, the same will have to be disbursed right away. Please contact our in-house Loan expert Sridhar Kumar on +91 9686627071 / sridhar.kumar@gcglobal.in for further info or assistance on loan application process and to get a free estimate of your loan eligibility.

  Important  

Annexures

Click on below links to view additional important information about this high monthly income project in Greater Noida :

Contact Details

For bookings or queries please call any of our below team members :

INDIA
J
hashank Chowdary
jhashank@gcglobal.in
+91 99001 23737

USA
Divyendhu
Chowdary
adrc@gcglobal.in
+1 845 248 0012

INDIA
Ritwick Datta
ritwick@gcglobal.in
+91 96736 63037

Invest in Starlit Suites Greater Noida today to be part of Delhi-NCR’s 1st such high rental income hotel apartment!
If you have more questions, visit our FAQ section by clicking here or
call one of our team members displayed above.