Hotel & Service Apartments near Mahindra world city SEZ Jaipur
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Transcript of Hotel & Service Apartments near Mahindra world city SEZ Jaipur
Hotel & Service ApartmentsHotel & Service Apartmentsnear Mahindra world citynear Mahindra world city
Investment for 50% stake: 5 cr.Investment for 50% stake: 5 cr.Expected total returns: 72 cr. + recurring hotel Expected total returns: 72 cr. + recurring hotel
incomeincome
Mission Mission To provide world class & cost effective To provide world class & cost effective
hospitality services to business and hospitality services to business and leisure tourists of the arealeisure tourists of the area
ProjectProject
Proposed developments in the projectProposed developments in the project Star category hotelStar category hotel 1500 service apartments1500 service apartments
LandLand
Land: 15 bigha = 45375 sq. yds. (agriculture Land: 15 bigha = 45375 sq. yds. (agriculture status)status)
Permissions & approval: Rajasthan tourism policy Permissions & approval: Rajasthan tourism policy 2007 2007 No CLU charges for tourism project (saving of 400 No CLU charges for tourism project (saving of 400
Rs./sq. yd.)Rs./sq. yd.) No development charges (saving of 200 Rs./sq. yd.)No development charges (saving of 200 Rs./sq. yd.)
Location: Mahalan – 22Location: Mahalan – 22ndnd milestone from Jaipur on milestone from Jaipur on main 6 laned Jaipur-Ajmer expressway (NH8)main 6 laned Jaipur-Ajmer expressway (NH8) On right hand while going from Jaipur to AjmerOn right hand while going from Jaipur to Ajmer 6 kms from Mahindra world city6 kms from Mahindra world city
Activities in vicinityActivities in vicinity
3 IT Parks/ SEZs (M & M/Vatika/Mega City)3 IT Parks/ SEZs (M & M/Vatika/Mega City) Auto/Apparel/Handicrafts/Jewellery SEZ Auto/Apparel/Handicrafts/Jewellery SEZ Medical tourism – Health city & super specialty Medical tourism – Health city & super specialty
hospitalshospitals Universities (Jyoti & Manipal) & education cityUniversities (Jyoti & Manipal) & education city Meetings/Incentives/Conventions/Exhibitions Meetings/Incentives/Conventions/Exhibitions
(MICE) Tourism – JDA’s convention center (MICE) Tourism – JDA’s convention center Multi purpose conference hall of minimum Multi purpose conference hall of minimum
2000 people capacity2000 people capacity Hi-tech convention hall for 750 people capacityHi-tech convention hall for 750 people capacity
DemandDemand
Shortage of hotel rooms in JaipurShortage of hotel rooms in Jaipur Commonwealth games in delhi (Oct. Commonwealth games in delhi (Oct.
2010)2010) Jaipur & Goa are 2 most upcoming Jaipur & Goa are 2 most upcoming
medical tourism destinations in Indiamedical tourism destinations in India Room rents vary from Rs. 2000 – Room rents vary from Rs. 2000 –
7000/- per night. A service apartment 7000/- per night. A service apartment is more economical.is more economical.
Demand for service Demand for service apartmentsapartments
IT companies have offshore & inter office IT companies have offshore & inter office teams visiting regularly. Duration may vary teams visiting regularly. Duration may vary from few weeks to few months.from few weeks to few months.
During the next 5 years over 2 lakh people During the next 5 years over 2 lakh people will join new jobs and will need temporary will join new jobs and will need temporary accommodation for 4-8 weeksaccommodation for 4-8 weeks
Massive construction is going on in the area Massive construction is going on in the area and people will need temporary and people will need temporary accommodation accommodation
Several tourists (especially with family) have Several tourists (especially with family) have special requirements of food and like to cook special requirements of food and like to cook themselvesthemselves
Clients’ preference for service Clients’ preference for service apartmentsapartments
•IT/BPO companies – (High)•Manufacturing SEZ companies – (High)
MICE Tourism (Meetings/Incentives/
Conventions/Exhibitions) (Moderate)
Medical tourism (High)
Ground realityGround reality
IT/BPO companies• 8 companies already bought land in M&M SEZ
•Vaitka’s IT SEZ under construction•Fire Capital’s IT Park to be announced soon. Layout developed.
Manufacturing SEZ companies •15 companies already bought land
International Convention Center – JDA to announce developers name
Hospitals –• Kailash hospital to begin
construction next year•Health city coming up in mega city
Leisure tourismLeisure tourism
•High traffic of Gujrati tourists preferring low cost & homely accommodation•Pushkar & Ajmer are popular tourist destinations
•NH8 is the busiest highway in country connecting Mumbai-Delhi
•Ethnic theme park & entertainmentCity in vicinity
•Great weekend getaway for Delhites
Jaipur is a popular wedding destination
Service apartments – User Service apartments – User perspectiveperspective
An apartment with all the 5 star An apartment with all the 5 star amenitiesamenities
Less than 1/2 the tariff of a hotel roomLess than 1/2 the tariff of a hotel room Regular shuttle service to SEZRegular shuttle service to SEZ 24/7 attendant24/7 attendant Modular kitchen with all cooking Modular kitchen with all cooking
facilitiesfacilities
Amenities in roomAmenities in room
Modular kitchenetteModular kitchenette 21” plasma with DTH connection21” plasma with DTH connection Elegant bathroom fittingsElegant bathroom fittings Elegant electrical fittingsElegant electrical fittings RefrigeratorRefrigerator Air-conditionerAir-conditioner Double bed with comfortable beddingDouble bed with comfortable bedding Stylish sofas and couchesStylish sofas and couches Furnished wardrobeFurnished wardrobe Microwave and electric kettleMicrowave and electric kettle Quality cutlery and crockeryQuality cutlery and crockery Electronic card lock systemElectronic card lock system Elegant curtains and furnishingsElegant curtains and furnishings Rugs and cushionsRugs and cushions
Service apartments – Investor Service apartments – Investor perspectiveperspective
Option of leasing back to company:Option of leasing back to company: A professional hospitality group managing A professional hospitality group managing
the service apartmentsthe service apartments 21 days of free stay each year21 days of free stay each year 50% of rent receipts50% of rent receipts Appreciation of apartment as demand Appreciation of apartment as demand
risesrises Other offers in health club and hotelOther offers in health club and hotel No maintenance chargesNo maintenance charges 24 month easy payment plan24 month easy payment plan
Who will be the clients?Who will be the clients?
People People working in working in SEZSEZ
ResortResort
tourist from tourist from delhidelhi
Corporate Corporate events/meetinevents/meeting touristsg tourists
Medical Medical tourismtourism
Weddings &Weddings &
PartiesPartiesHighway Highway touriststourists
Jaipurites for Jaipurites for restaurants & restaurants & hotelhotel
Service Service apartment apartment ownersowners
Tourists Tourists visiting Jaipurvisiting Jaipur
HotelHotel
Tie up with a renowned hospitality Tie up with a renowned hospitality chainchain
Shopping arcadeShopping arcade Health club with all modern amenitiesHealth club with all modern amenities Huge hall & lawn for marriages & Huge hall & lawn for marriages &
conventions conventions Hotel to be constructed from sales Hotel to be constructed from sales
receipts of service apartmentsreceipts of service apartments
Service apartmentsService apartments 3 type service apartments3 type service apartments
TypeType 600 Num.600 Num. 450 Num.450 Num. 450 Num.450 Num.
SizeSize 400 sq. ft.400 sq. ft. 500 sq. ft.500 sq. ft. 600 sq. ft.600 sq. ft.
PricePrice 13000001300000 16000001600000 19000001900000
Regular Regular returnsreturns
50% of rent 50% of rent receiptsreceipts
50% of rent 50% of rent receiptsreceipts
50% of rent 50% of rent receiptsreceipts
Road mapRoad map
Layout &Development
plan
Permissions &
Approvals
ProjectMarketing &
Sales
Construction ofService
Apartments
Hotel construction
Extension
Project timelineProject timeline
Layout plan + approvals + pre-sales Layout plan + approvals + pre-sales planning – 4planning – 4thth month month
Sales phase – 4Sales phase – 4thth to 10 to 10thth month month Construction begins – 4Construction begins – 4thth – 6 – 6thth month month Construction ends – 24Construction ends – 24th th - 26- 26thth month month
Economics – Service Economics – Service apartmentsapartments
Land cost: 6 cr.Land cost: 6 cr. Permissions: 3 cr.Permissions: 3 cr. Layout planning & pre-sales branding/marketing: 1 cr.Layout planning & pre-sales branding/marketing: 1 cr. Total investment = 10 cr.Total investment = 10 cr. Sales: 225 cr.Sales: 225 cr. Net profit before tax: 72 cr. from apartments aloneNet profit before tax: 72 cr. from apartments alone Extra cash (if required) to be raised by debt/equity against Extra cash (if required) to be raised by debt/equity against
commercially converted 45375 sq. yd. landcommercially converted 45375 sq. yd. land
Service apartments to be constructed with sales receipts received in installmentsService apartments to be constructed with sales receipts received in installments
Regular IncomeRegular Income
Hotel incomeHotel income Income from leased back service Income from leased back service
apartmentsapartments Conference hallsConference halls
Joint venture termsJoint venture terms
50-50% stake in the development company50-50% stake in the development company Our equity initially: 6 cr. land in development Our equity initially: 6 cr. land in development
companycompany Partner’s contribution: 5 cr.Partner’s contribution: 5 cr.
1 cr. to us1 cr. to us 4 cr. in development company4 cr. in development company
6 cr. land (100% our
Equity)
1 cr. to us +
4 cr. in development company
50-50% equityin development
company
ThanksThanks
Contact:Contact:[email protected]@jakon.in
Madhur Singhal@9351393054Madhur Singhal@9351393054Ghanshyam Singhal@9314513675Ghanshyam Singhal@9314513675