Royal Palms at Goregaon (E) is offering guaranteed returns of 18 per cent per annum for 2 years to commercial property buyers who lease-back their units through Royal Palms
Royal Palms at Goregaon (E) is offering guaranteed returns of 18 per cent per annum for 2 years to commercial property buyers who lease-back their units through Royal Palms.
The company shall further lease these properties to corporate clients and generate income from them, which will be used to pay the owners their share.
This will ensure that investors purchasing offices will earn good returns as well as capital appreciation. There are ready possession offices and shops, under-construction offices at unbelievable prices starting from Rs 15.99 lakh.
Buying property at Royal Palms is a bargain in more ways than one. Royal Palms offers property at rates which are 30-60 per cent below the going market rates and with an assured return.
There are two valid reasons for this offer. Says Dilawar Nensey, JMD, Royal Palms, "First the land on which these properties are located was acquired over 26 years ago at negligible cost and hence even at these rates we will make reasonably good profits. Property buyers are also given a free lifetime membership of the Emerald Club (cost Rs 2 lakh) located within the complex."
Royal Palms has already sold over 2000 offices totaling 800,000 sq ft to top names like Topsgroup, Essel Shyam Telecom, Monarch, etc.
With bank deposit rates now hovering around the 8 per cent mark and loan borrowing rates around the 9-12 per cent mark, it's an unbelievable deal. Says buyer Rahul Jadhav, "Real estate prices always rise, and no one will ever get a commercial unit for such a price, ie Rs 15.99 lakh."
Spread over 240 acres of lush green land, Royal Palms Estates is just seven minutes from the WE Highway and 7 kms away from International airport.
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