Serviced Apartments for Sale and Investment in Lucknow

Property functioning as a boys’ PG in a prime, peaceful location in Lucknow. - Currently operating with 7 beds; capacity can be increased to 14 beds using the full property. - Total plot area: 1,800 sq. ft. with 4 bedrooms, 2 halls, 2 kitchens, 2 stores, and 2 courtyards. - Facilities include ceiling fans, submersible water motor, and separate electricity connection with bills paid regularly. - Located just 200 meters from a well-known law college, making it ideal for student accommodation. - We also have 3 more colleges within a 2km radius of our building. - Road frontage: 25 feet, quiet area with low pollution; locality equipped with all basic amenities. - Expansion scope: Up to 3 floors allowed for construction. - No official business registrations; currently operated under local electricity board approval. - The business is operating under domestic tariff right now because the business saw lot of customers without any advertisement and the building owner just started operating the business with a domestic electricity tariff. - The domestic rate per unit in Lucknow ranges between INR 5.5-7 while that for commercial is INR 7-8.5 per unit.

We offer premium rooms for students to live in at an affordable price. - Currently, we have 8 properties with more than 300 beds in Lucknow & Allahabad. - We take the properties on rent from the owners and we sign a deal to take complete charge of the property. - The rooms are then given to students on a monthly rent basis and the owner is paid from the collected revenue. - Recently our occupancy rate is 90% from full occupancy but is rising. - The rooms are fully furnished with facilities like meal plans, WiFi, shared kitchen, and water cooler. - Promoter has 3 years of experience in this industry and 10 years of total business experience. - We have 2 more properties in the pipeline for acquisition. - Aiming for extending the business to have 500 beds by the next 6 months. - Last year the sales were less due to the pandemic.

We offer premium rooms for students to live in at an affordable price. - Currently, we have 8 properties with more than 300 beds in Lucknow & Allahabad. - We take the properties on rent from the owners and we sign a deal to take complete charge of the property. - The rooms are then given to students on a monthly rent basis and the owner is paid from the collected revenue. - Recently our occupancy rate is 90% from full occupancy but is rising. - The rooms are fully furnished with facilities like meal plans, WiFi, shared kitchen, and water cooler. - Promoter has 3 years of experience in this industry and 10 years of total business experience. - We have 2 more properties in the pipeline for acquisition. - Aiming for extending the business to have 500 beds by the next 6 months. - Last year the sales were less due to the pandemic.