|
Certain buildings and investments in South Mumbai are even lucrative but since the rate per sq.ft goes beyond 30000 per sq.ft, we rather suggest investors to buy out in Suburbun Locations.
Example :
Goregaon East
Cost of apartment – Say Rs.60.00 to 70.00Lacs
Rent Received - Rs.30000/-
(In a combination of 2.00L Deposit and 28000 Rent) The Rate of interest on a 2.00Lacs is generally calculated at 12% p.a and the banks of course give a lesser rate of interest. Hence, the calculation is notional and depending on the deployment of funds in a return based instrument which could be ranging from a private placement, mutual funds, private business placement etc.
>
A licence period can vary from 12 months to 36 months.
>
The incidental costs for leasing out the apartment are :
>
Stamp Duty and Registration for a 3 Years Period – Rs.5700/- (Usually this is shared between the Licensor and the Licensee)
>
Any upgrades to the apartment as such.
>
Brokerage Fees of 1 months rent and 1% on the Security Deposit.
Usually you can get a client with in 30 days from the time you put your property up for Licensing.
Typical Agreements are Leave & License agreements.
If you are interested in invest in a residential property and lease out the same,
then please feel free to mail us at
ssadh@realestatemumbai.com.
Please feel free to call Mr.Sandeep Sadh on +91 22 66921122 or Mobile –+91-9820030685
for further details.
We advice you with the best possible investments available above INR 50 Lacs only.
|
