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Masscon Xenious Hotel vasundhra

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Masscon Xenious Hotel vasundhra

Last updated: September 24 2012
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  • Masscon Xenious Hotel vasundhra

    I Found a commercial property in Vasundhra Sector 5 with assured lease or rental pool for next 15 years, it is a project by MASSCON, and the post construction, the property will be managed by XENIOUS.
    MASSCON is saying that project will be delivered in 6 months, reason for quick delivery is that the structure is already there, as the building hosted a mall, which was in loss so masscon decided to convert it into serviced suites. (I've personally visited the site).
    Rate being offered is 6000 per sq ft + 3.25 Lacs extra for club membership, power backup and Sinking fund. it comes to be 39.25 lac for 600 sq ft unit.
    Return offered is 12% till possession, then after possession buyer can opt for either a rental pool of 45-55 or assured return of 10% for first 6 years and 15% increase after every 3 years (post 6 years) this assured return will be there till 15 years.
    Seniors plz advice as the offers seems to be lucrative but fishy, builder (masscon) is not that much renowned neither the facility management company (Xenious).
    In Vasundhra there are two more projects like this offering serviced suites ie:
    1. Coral Brio
    2. Balaji Azalea
    Please suggest...
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