An Indian developer has unveiled a holiday homes and investment property project promising “assured returns”.
Lahari said Lahari Suite Homes, Hyderabad, has been launched as a unique “investment cum vacation home opportunity”, based on the concept of owning a service apartment.
The entire property project will cover six acres and offer 737 apartment homes overlooking the existing Lahari Resorts holiday and entertainment facility.
The company is even offering an assured buy back with appreciation deal, and said investors could smoothly let the homes to holidaymakers.
Due for completion by March 2011, the “luxurious and classy” property scheme will also feature a swimming pool, spa, gym and gardens.
Hari Babu, Chairman, Lahari Group said: “Lahari Suite Homes is an ideal investment opportunity in today’s scenario. With the prevailing uncertain and risky market conditions, customers now have an investment option that is not only easy on the pocket but offers multiple assured avenues of returns.”
He added Lahari was offering a buy back deal on each property after five years at an assured appreciated price of Rs 14.4 lakh ($29,000), “irrespective of the market conditions”.
The existing Lahari Resort is a popular holiday destination featuring a floodlit cricket stadium, adventure sports and restaurants.
Homes are priced at Rs 12 lakh ($24,168) and also come with an assured monthly rent income for 15 years.
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