MANAGED

RESIDENCES
INVESTMENT
PLAN (MRIP)
High quality real estate assets
with assured rental income

Never depend on a
single income. Make
investments to create
a second source.
Warren Buffet

MRIP

We cannot really depend on our job

alone if we want to achieve nancial
freedom. Creating and having multiple
source of income is one of the best
ways to step up the ladder and
achieve our nancial goals.

An innovative, low risk real estate

investment to help you build a long
term rental income.
Investment structure - Buy &
Lease back with a contracted lease
term of 7 years.
Long term lease management
services from JLL, the leading
international property consultant.
Multi-city residential assets
across Bangalore, Chennai,
Coimbatore & Kochi.
Investments across 3 Price
buckets: ~ ` 35 to ~ 55 lakhs;
~ ` 75 to ~ 125 lakhs & ~ ` 2.5 to ~ 4 cr.
Benet from committed monthly
rentals with annual rent escalations,
long term capital appreciation,
zero maintenance & hassle free process.
All apartments offered under MRIP
are ready to move in apartments and
are completed apartments/ completed
projects.

MRIP - HOW DOES IT WORK?

4 Simple Steps of MRIP

PURCHASE:

LEASE BACK:

SIT BACK AND ENJOY:

SUB-LEASE:

Customer buys any of

Post purchase, the

As per the lease,

JLL, as the lease manager will

our listed ready to

purchaser executes the

Puravankara Group

facilitate the process of

occupy homes in their

lease Agreement with

pays a monthly rent to

subletting the property on behalf

preferred location

Puravankara Group

the purchaser &

of the purchaser and Puravankara.

through JLL or

for 7 years.

maintenance in actuals

The earnings from the sub-lease

Puravankara sales

to the associations,

shall be to the benefit of

executives.

uninterrupted for 7

Puravankara. However purchaser

years. However, the

has no risks on vacancy,

purchaser just needs to

non-clarity on rental amount,

pay the annual property

non-payment of rent etc. Costs

taxes as per the

related to sub-lease shall be

Government norms.

borne by Puravankara.

PROP E RT I E S

PROVIDENT
SUNWORTH
NICE-Mysore Road
Junction, Bangalore
2 & 3 BHK apts.
883 to 1082 sq.ft.

*Rent 2 BHK: ` 10,000/month

Plus maintenance

*Rent 3BHK: ` 12,500/month

Plus maintenance

Price: ~ ` 45 to ~ ` 60 Lakh
*Annual rent escalation of 8%

PURVA
GOLD CREST
at Highlands of
Kanakapura Road
Bangalore.
3 BHK apts.
1660 to 1843 sq.ft.

*Rent 3 BHK Comfort: ` 21,000/month

Plus maintenance

*Rent 3 BHK Grand: ` 25,000/month

Plus maintenance

Price: ~ ` 95 to ~ ` 112 Lakh

*Annual rent escalation of 8%

PURVA
WINDERMERE
Pallikaranai,
Chennai
1 & 4 BHK apts.
611 to 2712 sq.ft.

*Rent 1 Bed Manhattan Condos: ` 7,000/month

Plus maintenance

*Rent 4 BHK: ` 30,500/month

Plus maintenance

Price: ~ ` 33 to ~ ` 136 Lakh

*Annual rent escalation of 8%

PROVIDENT
COSMO CITY
Pudupakkam, Behind
Siruseri IT Park,
OMR, Chennai
3 BHK apts.
983 to 1062 sq.ft.

*Rent 3 BHK: ` 10,500/month

Plus maintenance

Price: ~ ` 37 to ~ ` 40 Lakh
*Annual rent escalation of 8%

PURVA
SWANLAKE
on OMR,
Chennai.
3 BHK apts. 1699
to 1805 sq.ft.

*Rent 3 BHK: ` 19,500/month

Plus maintenance

Price: ~ ` 77 to ~ ` 95 Lakh
*Annual rent escalation of 8%

PURVA
BLUEMONT
Trichy Road,
Singanallur,
Coimbatore
3 BHK apts.
1676 to 1866 sq.ft.

*Rent 3 BHK: ` 18,000/month

Plus maintenance

Price: ~ ` 88 to ~ ` 107 Lakh

*Annual rent escalation of 8%

PURVA
ETERNITY
Kakkanad,
Kochi.
3 BHK apts. 1595
to 1742 sq.ft.

*Rent 3 BHK: ` 17,500/month

Plus maintenance

Price: ~ ` 69 to ~ ` 90 Lakh
*Annual rent escalation of 8%

PURVA
GRANDBAY
Marine Drive,
Kochi.
3 BHK apts. 1885
to 1922 sq.ft.

*Rent 3 BHK: ` 25,000/month

Plus maintenance

Price: ~ ` 1.30 to ~ ` 1.97 Cr.

*Annual rent escalation of 8%

PURVA
OCEANA
Marine Drive,
Kochi
3 BHK apts. 2466
to 3417 sq.ft.

*Rent 3 BHK Road facing: ` 40,000/month

Plus maintenance

*Rent 3 BHK Sea facing: ` 60,000/month

Plus maintenance

Price: ~ ` 1.73 to ~ ` 3.67 Cr.

*Annual rent escalation of 8%

Lets say you buy 2 units in

Purva Swanlake
@ Chennai

Provident Sunworth
@ Bangalore

Unit Type

3 BHK - Classic

2 BHK - Premium

Unit Size (Sqft)

1700

883

Floor

2nd

5th

Base Price per sq foot

` 4199 psft

` 4290 psft

Agreement Value

` 76,89,300

` 43,04,350

Service Tax & VAT

Not Applicable, as property is ready

All Inclusive Price (Prior to Stamp Duty& Registration)

` 80,06,300

` 45,90,867

20 year Home Loan EMI (80% of Value borrowed @ 9.55% interest)

` 59,310

` 34,057

Monthly Rentals - Year 1

` 19,500

` 10,000

Approx Monthly Maintenance - Year 1

` 4,233

` 2,296

Gross Rental For Year - 1

` 23,733

` 12,296

% of EMI, covered by Rental in Year 1 (Indicative)

40%

36%

Monthly Rentals - Year 4

` 24,564

` 12,597

Approx Monthly Maintenance - Year 4

` 5,332

` 2,892

Gross Rental For Year - 4

` 29,897

` 15,489

% of EMI, covered by Rental in Year 4 (Indicative)

50%

45%

Monthly Rentals - Year 7

` 30,944

` 15,869

Approx Monthly Maintenance - Year 7

` 6,717

` 3,643

Gross Rental For Year -7

` 37,661

` 19,512

% of EMI, covered by Rental in Year 7 (Indicative)

63%

57%

Most Important Terms & Conditions of MRIP

Purchaser executes a sale deed by paying the full sale value of the apartment within 45 days by bearing the Stamp Duty & Registration fees
Purchaser simultaneously executes a Lease Agreement for 7 years with Puravankara Projects Ltd (PPL) or Provident Housing Ltd (PHL). PPL/PHL bears the Stamp Duty
& Registration costs for the same
Purchaser shall inspect and take possession of the apartment, post which PPL/PHL shall handover 3 sets of keys to the Purchaser, from which the Purchaser shall
retain one set of keys and handover 2 sets of keys back to PPL/PHL, under the terms of the Lease agreement
The key terms of the lease are
PPL/PHL pays a monthly rent with an annual escalation of 8% p.a, uninterrupted for 7 years. The Project wise, monthly rentals are

Unit Type

Monthly
Rentals
(Yr 1) in INR

Monthly
Rentals
(Yr 2) in INR

Monthly
Rentals
(Yr 3) in INR

Monthly
Rentals
(Yr 4) in INR

Monthly
Rentals
(Yr 5) in INR

Monthly
Rentals
(Yr 6) in INR

Monthly
Rental
(Yr 7) in INR

Provident
Sunworth,
Bangalore

2 BHK

10,000

10,800

11,664

12,597

13,605

14,693

15,869

3 BHK

12,500

13,500

14,580

15,746

17,006

18,367

19,836

Purva
Gold Crest,
Bangalore

3 BHK Comfort

21,000

22,680

24,494

26,454

28,570

30,856

33,324

3 BHK Grand

25,000

27,000

29,160

31,493

34,012

36,733

39,672

Purva Windermere,
Chennai

One Bed Manhatton Condos 7,000

7,560

8,165

8,818

9,523

10,285

11,108

4 BHK

30,500

32,940

35,575

38,421

41,495

44,815

48,400

Provident Cosmocity,
Chennai

3 BHK

10,500

11,340

12,247

13,227

14,285

15,428

16,662

Purva Swanlake,
Chennai

3 BHK

19,500

21,060

22,745

24,564

26,530

28,652

30,944

Purva Bluemont,
Coimbatore

3 BHK

18,000

19,440

20,995

22,675

24,489

26,448

28,564

Purva Eternity,
Kochi

3 BHK

17,500

18,900

20,412

22,045

23,809

25,713

27,770

Purva Grandbay,
Kochi

3 BHK

25,000

27,000

29,160

31,493

34,012

36,733

39,672

3 BHK Road facing

40,000

43,200

46,656

50,388

54,420

58,773

63,475

3 BHK Sea facing

60,000

64,800

69,984

75,583

81,629

88,160

95,212

Project Name,
City

Purva
Oceana,
Kochi

Remarks
Maintenance
as per actuals
for the entire
period of
7 years

In addition to the monthly rent, PPL/PHL shall pay the monthly common area maintenance on actuals, directly to the association of owners
Both Rent & Maintenance payments by PPL/PHL commence from the date of registration of Sale Deed & Lease Agreement
PPL/PHL pays no rental deposit to the Purchaser
PPL/PHL has the right to furnish the apartment, as per the requirements of the sub-lease tenant, at their cost
The property taxes & other statutory levies for the apartment needs to be borne & paid by the Purchaser directly to the concerned authorities
PPL/PHL has the right to sub-lease the property to a tenant & collect rent, deposits, maintenance, which will all be to the benefit of PPL/PHL.
The commercials of the sub-lease shall in no way impact the payment of rentals / maintenance to the Purchaser by PPL/PHL
PPL/PHL shall bear costs incurred towards the sub-lease, namely brokerage, registration fees of the sub-lease agreement and legal fees towards
enforcement of the sub-lease agreement, if any
The Purchaser is free to sell the apartment at anytime, along with the attornment of the Lease agreement. The Purchaser/ new purchaser shall at all times
abide by the conditions of the sub-lease agreement entered by PPL/PHL with the sub-lease tenant.
The Purchaser has the exclusive right to terminate the lease with PPL/PHL anytime and take possession of the apartment, subject to the protection of rights
of the sub-lease tenant as per the sub-lease agreement. On termination of lease agreement, all obligations of PPL/ PHL shall cease.
The Purchaser agrees to take possession of the apartment at the end of the 7 year lease period, without demanding PPL/PHL to refurbish / rectify / repair
the apartment of the wear & tear arising from occupation of the apartment or its vacancy over the 7 year period
Purchaser authorizes PPL/PHL to appoint any agency as a Lease Manager. Some of their key roles are

The Lease Manager shall identify, negotiate, perform basic due-diligence and finalise the tenant for the Apartment, with whom a sub-lease will be executed
Lease Manager shall be entrusted with the keys to the apartment, so as to facilitate inspection by prospective sub-lease tenants
The Lease Manager will also inspect the apartment on the sub-lease tenant vacating it
As of May, 2016. Jones Lang LaSalle Residential Pvt. Ltd. has been appointed as the Lease Manager by PPL/PHL

Disclaimer:
1.
2.
3.
4.
5.
6.
7.
8.

This offer is valid till 31st July 2016 or till the units are exhausted. However the offer may be extended
at the sole discretion of PPL/PHL
Under this offer PPL/PHL is offering certain pre selected units. PPL/PHL reserves the right to add more
units under this offer
The average home loan interest rate offered by banks is currently 9.55% per annum. This rate may vary
from bank to bank and consequently the EMI calculations may vary.
The property prices mentioned in the brochure are the current prices. This may vary in future.
The selection & allotment of unit is subject to realization of the booking cheque, subject to availability
& nal conrmation from PPL/PHL.
The statements, information and opinions expressed or provided in this Presentation and any other
subsequent information provided is intended only as a guide to some of the important considerations.
Property particulars, terms & conditions and other details given in this presentation/marketing
collateral are neither contract, nor is it an advisory effort by PPL/PHL, its employees or its associates.
This document is condential to the addressee and is not to be subject of communication or
reproduction wholly or in part. All marketing collaterals/brochures/images are indicative and are
conceptual in nature only. Errors & Omissions Excepted

080 44 555 555

E-mail: sales@puravankara.com

www.puravankara.com