You need just
Rs.14 lakhs
to get started!

Shirdi is already the No.1 MOST VISITED destination in India…

Infact MORE people visit Shirdi on a daily basis than Tirupati!

The Shirdi Airport already handles 50,000 passengers PER MONTH!

This along with excellent road connectivity to Mumbai, Pune, Nasik & Ahmednagar has made Shirdi very easy to reach – leading to an explosion in traffic in the past 2 years.

There is hence a tremendous demand for affordable serviced apartments like these and hence the perfect time for you to invest!

Invest today & start earning high rental income soon!

Continue reading for a detailed explanation (location map, floor plans, income projections, payment schedule & more) and for questions & site visit, call +91 8500002480

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.
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5. You can get home loan for upto 50% of unit cost, which means only 50% 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 across India (such as 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% in Year 1, 8% in Year 2 and 10% in Year 3 and this keeps increasing year on year to almost 16% p.a. by 20th year – which means 3 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.
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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.
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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.

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.

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 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.

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.
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• 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 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.
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• 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 8% to 10% in the beginning which grows to as much as 16% to 18% 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.

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 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!

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.
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• This is because your EMI is calculated at 6.7% (current floating rate) on 50% of unit value, whereas you are earning income of 8% to 10% on 100% of unit value.
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• For example, when you buy a Rs.70.51 lakh 2 BHK by taking 50% loan which is Rs.35 lakhs, your EMI would be approx Rs.26,000 per month, whereas income in Year 1 itself is Rs.39,000 per month – which means you are left with profit EVEN AFTER paying off your EMI.
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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 home 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 home loan.

Invest in Starlit Suites SHIRDI 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.

Project Overview

 LOCATION 
Opposite Shirdi Railway Station, just 5 mins from Shirdi Sai Baba Temple

 SIZE OF PROJECT 
77 units spread across G+7 Floors

 TYPE, SIZE & COST OF UNITS 
~ 2 BHK (990 Sft) : Rs.70.51 Lakhs (Selling Fast)

 EXPECTED COMPLETION DATE 
Construction of structure is complete
Interiors are being fitted-out.
Operations & Income to commence shortly….

 SANCTION / APPROVAL STATUS 
All approvals received
Home loans Pre-Approved by HDFC

Location Advantage

Where in Shirdi is this located?

Located right next to the Shirdi Railway Station and just 10 minutes from Shirdi Sai Baba Ashram, Starlit Suites is located close to the main ashram but away from the noise and dust of the main central road. Starlit Suites is also well connected to the Shirdi airport, just 25 mins away.

With a bar & restaurant, it is also close to the only amusement park in town – Wet n Joy, thereby having something for both children and adults.

Number of visitors to Shirdi :
4,00,000 per day during weekends & festivals
60,000 per day during off-season

A huge and increasing influx of pilgrims has catapulted Shirdi 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.

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 Shirdi, including Starlit Suites – infact the number of rooms available in Shirdi would NOT be enough to cater to even 1% of the daily traffic!

And with the new Shirdi airport, traffic is only going to increase year after year!

FINANCIALS
Price, Payment Schedule, Booking Amounts & Loans

Affordable Price & Unit Size

2 BHK (990 Sft) : Rs.70.51 Lakhs (Last 7 Units Left)

This price is :
 – Inclusive of all interior furnishings as per list of furniture and fitouts available in the annexure section at the end of this article
 – Inclusive of Registration & 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 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 the 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.
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• On Execution of Agreements :
  10% on execution of agreement in 2 – 3 weeks from booking as construction is already at advanced stage.
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• Balance 80% :
  – Incase of home loan funding : Another 15% become due immediately as building is already in advanced stage of completion and home loan will also have to be disbursed immediately to cover balance due. Remaining by completion.
   – Incase of self funding : Another 60% becomes due immediately as building is already in advance stages of completion. Remaining by completion.
  

Starlit Suites cost Less than Residential Apartments

Home Loan Available

• Upto 50% of unit cost can be funded via the loan which means you pay only 50% out of your pocket..
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• Entire loan process will be handled in-house by us on your behalf so you don’t have to spend time and energy in running around banks etc.
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• TAX BENEFITS : The EMI paid on the loan can also be written off against the income earned from this asset, which effectively reduces your taxable income.

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) :

• 6.7% 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)
• 9.3% by 3rd year
• 13% by 10th year
• 15% 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 Involved

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.
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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.
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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.
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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 8500002480 / 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 :

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

EAST & SOUTH INDIA
Jhashank Roy Chowdary
jhashank@gcglobal.in
+91 85000 02480

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

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