High Monthly Rental Income
Serviced Hotel Apartments @
 TIRUPATI 

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 and Delhi-Neemrana + Shirdi & Kolkata which opened recently in 2024.

The below features make it a foolproof investment where all your interests are safeguarded & 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 year – which 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.
   .
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.
   .
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.
  .
• 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.
  .
  
• 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.
  .
• And they can enjoy all of this with an ambiance similar to a 3 star hotel, but in much bigger rooms with more space – giving them a comfortable “home away from home” feel.

For Companies

• After salaries and office rent, the 3rd biggest expenditure for companies are employee 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.
  .
• The operator also complies with their requirements for fire and safety measures, ensuring highest safety for their employees in line with corporate insurance policies.
  .
• 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.
  .
• 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.
  .
• 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.
  .
• 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.
  .
• 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.
  .
• Rental income from residential property is a minuscule 2% to 4% and falling.
  .
• 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.
  .
• 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 8% to 10% in the beginning which grows to as much as 16% to 18% by 15th year.
  .
• 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.

Home Loans make it Very Affordable

Small ticket sizes and availability of home 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 developed a waiting list of over 57 people who were 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!

Asset becomes Free in 8 to 9 Years

You will recover your entire investment in 8 to 9 years

• When you invest using a home loan, the income from these hotel apartments will be greater than the EMI you pay on your loan.
  .
• This is because your EMI is calculated at 7.5% (current floating rate) on 60% of unit value, whereas you are earning income of 8% on 100% of unit value.
  .
• For example, when you buy a Rs.81 lakh 2 BHK by taking 60% loan which is Rs.48 lakhs, your EMI would be approx Rs.44,000 per month, whereas income in Year 3 itself is Rs.55,000 per month – which means you are left with profit of Rs.11,000 per month EVEN AFTER paying off your EMI.
  .
• 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.
  .
• 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).
  .
• Therefore, investing in this hotel apartment using a home loan is the smartest way to create wealth and earn higher ROI in the long run.
  .
• 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 home loan.

Invest in Starlit Suites Tirupati if…

• You want to generate an increasing & continuous stream of high passive income to supplement your primary source of income and elevate your lifestyle.
  .
• You want to build a secondary source of income as a back-up / insurance against job loss, etc in these increasingly uncertain times.
  .
• 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.
  .
• 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.
  .
• 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.
  .
• 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.
  .
• If you want to own an asset that is entirely managed by India’s leading professionals rather than having to manage them yourself.
  .
• 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.

Project Overview

LOCATION
Near Bhimas, off Renigunta Highway & just 900 meter from Main Bus Stand

SIZE OF PROJECT
144 units spread across 12 Floors
10 acre mixed development project with apartments and villas

TYPE, SIZE & COST OF UNITS
1 BHK (843 Sft) – Rs.55.8 Lakhs – Last few units left
2 BHK (1224 Sft) – Rs.81 Lakhs

EXPECTED COMPLETION DATES
– Construction 100% complete
– Registrations & handing over completed
– Commercial operations have started already, Rental Income is being paid already!

SANCTION / APPROVAL STATUS
All sanctions & approvals received and project is also pre-approved for loans by all top banks such as HDFC, ICICI, Axis and many more.

Where in Tirupati is this located?

Located near Bhimas, just 800 meters from the Central Railway Station and Bus Stand, Starlit Suites boasts of one of the best locations in the town being located close to the town center, yet away from all the noise and dust. It is just 6 kms from the Venkateshwara Temple entrance.

Tirupati
Knowledge &
Electronics Hub

Tirupati is the most visited pilgrimage destination in the world.

With an estimated 20 million + visitors every year, Tirupati witnesses 80,000 visitors during off-peak season and as many as 1,20,000 to 2,00,000 visitors per day during holidays / peak season.

Tirupati witnesses equal traffic and popularity in both recession times and boom times as on both occasions, Lord Venkateshwara is 1st one to be remembered by many devotees, thus ensuring lifelong tourism which will only increase every year.

Number of visitors to Tirupati :
1,20,000 to 2,00,000 per day during weekends & festivals
60,000 to 80,000 per day during off-season

Even if just 1% of above traffic is capable of staying in a 3 star hotel, it is enough to fill-up the ENTIRE STOCK of 3 star hotel rooms in Tirupati, including Starlit Suites – infact the number of rooms available in Tirupati would NOT be enough to cater to even 1% of the daily traffic!

A huge and increasing influx of pilgrims has catapulted Tirupati into one of the most highly visited tourist and pilgrimage destinations in the world, thus giving immense scope for the hospitality industry (i.e. operators like Starlit Suites) to grow and flourish in perpetuity.

There are NOT ENOUGH comparable 3-star quality serviced apartments / hotel rooms in Tirupati as of now, that too with massive 1 & 2 bedroom suites where groups/families can stay together in a luxurious and upmarket ambience – thus making Starlit Suites Tirupati a very promising investment.

There are no hotels in Tirupati with more than 100 rooms / suites in a SINGLE CAMPUS for corporate tourism (where companies will find it rewarding to hold strategy meetings, distributors award nights off site meetings, conventions at such locations as Tirupati, to give the opportunity to many employees to combine their work & spiritual life).

Existing hotels already get SOLD OUT on a regular basis and to such a great extent that guests no longer receive the standard of services that they otherwise expect, due to such the constant rush / overbooking at these old and shabbily run hotels.

The ban on any fresh constructions on the Hills (i.e. Tirumala means that there is no chance of any big hotel being constructed on the hill top / Tirumala.

Even in the heart of Tirupati city, NO BIG LAND PARCEL IS AVAILABLE to construct any large hotel – which means that Starlit Suites Tirupati will be the ONLY brand new 3 star hotel that is conveniently located in the heart of Tirupati.

Companies / corporates are find it increasingly difficult to find quality hotels / convention and training facilities at Tirupati. 

High-end business environment, large scale employment, enhanced spending capacity and demand for better lifestyle will soon lead to an explosion in demand for quality branded hotel rooms in Tirupati.

And with the expansion / upgradation of Tirupati airport to an international airport status, traffic is only going to increase year after year!

It is hence very easy and safe to conclude, that Starlit Suites Tirupati will see tremendous demand and very healthy & high occupancy levels, which will only increase with time…

FINANCIALS
Price, Payment Schedule, Booking Amounts & Loans

Affordable Prices & Unit Sizes

1 BHK (843 Sft) : Rs.55.8 Lakhs
2 BHK (1224 Sft) : Rs.81 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)
 – Exclusive of G&C’s service fee of 1.5% on the total value (excluding registration & stamp duty)

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

Lower Price than Regular Apartments

Comparative Price Analysis
Please click here to view a comparative analysis of cost price of Starlit Suites Tirupati 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.

Payment Schedule

• Booking Amount :
  20% along with booking form and agreements will be executed.
  .
  
• Balance 80%, since construction is complete :
  – Incase of self funding, this is payable in 3 to 4 weeks.
  – Incase of home loan funding, another 20% is payable out of your own funds within 3 to 4 weeks and balance 60% will be funded by the bank (subject to your individual eligibility*) and will be disbursed immediately.

Home Loan Available

If you invest using a home loan, upto 60% of unit cost can be funded via the loan which means you pay only 40% out of your pocket.

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

Each month’s income is credited directly to your bank account between the 28th to 30th 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) :

• 4% to 5% p.a. in 1st year of operations (and this does not include the abrupt hike in capital appreciation of asset in the first 3 years)
• 7% to 8% by 3rd year
• 13% to 14% p.a. by 10th 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 Jhashank on +91 9900123737 / jhashank@gcglobal.in for further info or assistance on loan application process and to get a free estimate of your loan eligibility.

Contact Details

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

Invest in Starlit Suites Tirupati and start earning rental income soon!
If you have more questions, visit our FAQ section by clicking here or
call one of our team members displayed above.