Demand – 451 Cr
Details
5-star hotel project for sale near the upcoming International airport in Navi Mumbai, Maharashtra
# location Navi Mumbai.
# area 2.5 acres.
# Construction area 2.36 lac.
# minus 2 basement & G + 12.
# Plinth level work done.
# Hotel project as per international norms.
# All drawings freezed & approvals taken.
# All consultancy fees paid.
# Hotel of 318 keys.
# Land cost Rs 165 cr.
# project cost Rs 286 cr.
Total cost = Rs 451 cr.
# Construction cost per room Rs. 0.9 cr
# average cost per room Rs 1.41 cr.
# time to complete 28 months.
# International airport at 5 km.
# Value after completion of hotel project Rs 800 cr.
# Break even after 9 yrs.
# A R R at Rs 7000.
*Commissioning date of the new airport is in November 2023.
*Selling price is Rs. 200cr*finel
Project is under construction with all permissions from CIDCO,
The owner is from Singapore.
All documents ready to transfer to the said buyer.