Why buying Bungalow in Karjat today makes sense
According to Colliers International Report, Karjat-Neral-Matheron locality can fetch 5X return in next 10 years
Should you buy a plot or a bungalow
Plotting projects are not investor friendly
- The Karjat locality has more than 30 plotting projects.
- nobody builds houses there and it always remains the project in progress
- Due to lack of residents in the project, the exit is hard because new buyers do not want to invest
Bungalows are investor friendly
Whereas, if we see, all the bungalow projects are occupied either by the owner themselves or its rented via companies like stayvista, AirBnB, Tripvilla, Saffron, Tropicana-stay etc
Property Overview
- River Touch Property surrounded by private forest & mountains
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Location: Matheran – 25km, Kondana Caves and Fort – 28km, Kothaligad Fort – 11km, Solanpada Waterfalls – 12km, ND Studio – 30km
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Rental Potential: The rental bungalows in Karjat are generating a steady annual income. There are many operators like AirBnb, Stayvista, Tripvilla, SaffronStay etc who are more than happy to operate your property
- Loaded with Amenities: Club House, Swimming Pool, Jogging Tracks, Children’s Play Areas, Indoor Games, Outdoor Games, Cycling Tracks,
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Special Feature: Very few properties have both long river frontage and are very close to the main highway. Out of those, there are none with the resort (any attraction anchor) and individual bungalow offerings.
Master Plan
Types of Bungalows available
Customized Landscape Plan for EVERY Plot
Karjat's Rental Income Potential: A Lucrative Outlook for Bungalow Owners
Assessment of Rental Income:
Based on the vibrant rental market landscape in Karjat, we anticipate a robust and steady growth trajectory for rental income over the projected period. Similar properties in the area have demonstrated consistent demand, resulting in impressive occupancy rates and attractive rental rates.
Occupancy Rates:
Properties in the Karjat area typically experience high occupancy rates, ranging from 8 to 10 nights per month on average. This sustained demand underscores the appeal of Karjat as a favored destination for leisure and corporate retreats.
Rental Rates:
Similar bungalows in the vicinity command rental rates ranging from ₹10,000 to ₹30,000 per night, depending on factors such as seasonality and demand. The flexibility in pricing allows property owners to capitalize on peak seasons and adjust rates to maximize rental income.
Seasonal Demand:
From the monsoon season through winters, Karjat experiences heightened demand for rental properties. The lush greenery, serene landscapes, and pleasant weather during this period attract families seeking weekend getaways, corporate groups organizing off-site events, and individuals looking to escape the hustle and bustle of city life.
Diverse Booking Demographics:
The versatility of these bungalows caters to a diverse range of guests, from families embarking on leisure outings to companies arranging team-building activities or off-site meetings. This broad appeal ensures consistent occupancy throughout the year, further enhancing rental income prospects.
Conclusion:
With Karjat’s growing popularity as a premier tourist destination and the inherent allure of vacationing in a private bungalow, the prospects for rental income are exceedingly promising. Leveraging the area’s high occupancy rates, favorable seasonal demand, and diverse booking demographics, property owners can expect a steady growth trajectory in rental income, thereby maximizing returns on investment.
Investment Benefits in Olympeo Retreat are many
Investing in a bungalow offers passive income through rentals, capital appreciation, portfolio diversification, and tax advantages, making it a lucrative investment choice.
Passive Income
Enjoy a steady stream of income from the property’s rental revenue without active involvement in day-to-day operations.
Capital Appreciation
Benefit from potential property appreciation in a high-demand tourist location.
Diversification
Diversify your investment portfolio with a tangible asset in the flourishing vacation rental market.
Tax Advantages
Take advantage of tax deductions on expenses related to the property, such as depreciation, loan interest, and property taxes.
Maximizing Investment Potential with Retreat Project Bungalows
Embark on a journey of luxurious living and astute investment decisions with Retreat Project’s exquisite bungalows nestled in the heart of Karjat. Discover how owning a piece of paradise not only enriches your lifestyle but also transforms into a smart financial move, thanks to the remarkable potential of rental income.
Financial Strategy: Empowering Ownership through Rental Income
Picture yourself as the proud owner of a Retreat Project bungalow, where your investment not only secures a tranquil retreat but also unlocks the potential for substantial rental income. Here’s how we make your investment work smarter – A SAMPLE Calculation:
– Initial Investment: Secure ownership with just a 20% down payment, equating to 30 lakhs. (Prices can change. Please connect with us to know the ongoing rate)
– EMI Calculation: With a loan amount of 1.2 crore and an 8% interest rate over a 20-year tenure, your monthly EMI is estimated at approximately 1,01,000 rupees.
– Rental Income Potential: Retreat Project bungalows command rental rates ranging from 10,000 to 30,000 rupees per night, promising lucrative returns throughout the year. (These are based on today data available on stayvista, tripvilla, makemytrip etc. These are based on market demand and are subject to change. This is not a guarantee/promise of Income from developer)
Achieving Financial Independence Through Rental Returns:
Here’s where the magic unfolds. With projected rental income from your bungalow, you can substantially offset your monthly EMI commitment:
– EMI Coverage: Assuming a conservative monthly rental income of 70,000 rupees, a substantial 70% of your EMI (approximately 71,000 rupees) can potentially be serviced by rental earnings.
– Financial Empowerment: This unique scenario not only minimizes your monthly financial outlay but also empowers you with surplus rental income, which can be directed towards further investments, lifestyle enhancements, or savings.
Why This Project stands out
- The vision of the project
- Easy Access from main highway
- Natural Beauty of the Land and close landscape
- Prominent personalities are accepting this location as their rejuvenation retreat
- The entry point is excellent right now
- Dedicated services: Dedicated property manager & Leasing desk
Dedicated Leasing Desk and Dedicated Property Manager services
A centralized service that manages the renting out of your bungalow villas. It serves as a convenient point of contact for both landlords (property owners) and tenants, handling tasks such as advertising vacancies, screening potential tenants, drafting lease agreements, collecting rent, and addressing maintenance issues.
Benefits it offers:
1. Convenience: Investors can rely on the leasing desk to handle all aspects of renting out their properties, saving them time and effort.
2. Expertise: The leasing desk likely has experienced professionals who understand the local rental market and can optimize rental prices to maximize returns for investors.
3. Tenant Quality: With thorough tenant screening processes in place, the leasing desk helps ensure that investors find reliable tenants who pay rent on time and take care of the property.
4. Legal Compliance: The leasing desk can help investors navigate complex rental laws and regulations, reducing the risk of legal issues.
5. Maintenance Management: Investors can rest assured that maintenance requests from tenants will be promptly addressed, preserving the value of their investment.
Ultimately helps investors achieve their financial goals with peace of mind.
Exit Strategy - When can I sell
Potential for Resale: In the event of divestment, capitalize on the property’s appreciation and demand by selling it on the open market.
Continued Rental Income: Maintain the property as a long-term investment for ongoing rental income and potential appreciation