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GO 1

RESORTS. GO 1. BADEM, ASSAGOA, BARDEZ, NORTH GOA. CONCEPT OF CONDO RESORT

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  1. RESORTS GO1 BADEM, ASSAGOA, BARDEZ, NORTH GOA

  2. CONCEPT OF CONDO RESORT • The concept of ‘condo resort’ is relatively old in India, allowing buyers to own an apartment in a resort or a hotel. The owner is entitled to an average of 21 to 30 days use of the apartment in a year, and the resort management uses the rest of the time to generate revenues from tenants. The rental proceeds are split between the apartment owner and the resort operator. Many condo hotels across the world are managed by luxury hotel brands. They offer a host of amenities and buyers share the cost of upkeep by way of annual maintenance fees. • The ‘condo resort’ concept is different from a vacation timeshare, where you don’t own a room/apartment and you are not entitled to a share of the profits. Also, in a vacation timeshare, you are only entitled to use any of the rooms in the hotel chain for typically a week. • - Commonly managed to operate as a hotel/resort with individual units sold to consumers- Hotel/resort rooms put into a condominium legal structure- Owners receive a personal use right of an average 21 to 30 days per year- Purchasers join a rental pool and the property operates as a hotel/resort • This property will be managed by M/s Hitesh Motels Pvt Ltd. They are managing and operating Poonam Hotel, Deccan, JM Road, Pune since 1997. • GO1 Resort is not the first ‘condo resort’ in Goa with freehold apartments in a luxury resort located at Badem, North Goa near Anjuna/Vagator Beach. The apartments are designed with contemporary architecture and the resort structure itself is artistically inspired by Portuguese architecture. • The GO1 Resort facility offers lifestyle amenities such as Health Club, Multi-Cuisine Restaurants, All day dinning, Roof top infinity Pool/Bar, SPA, Library, kids activity centre, convenient shopping, coffee shop, car wash, conference halls, Banquet hall, Business centre at entrance, complete power backup, travel desk, parking, Lounge bar, a few rooms for handicapped, luggage room and in-house 2 wheelers rental. • GO1 Resort, Badem, Goa offers you an option to own a luxurious holiday home of outstanding quality whilst minimising the costs and worries linked to owning and maintaining an apartment all year round. Your apartment will be yours in perpetuity and can be willed to family members or sold. • Your luxury apartment will be furnished, serviced and managed on your behalf by the Resort Management Company and earn an annual rental on the cost, while also enjoying 21 days free stay at your apartment every year. • The developers “Bhoomi Developers” are a newly established registered partnership firm, registered in Pune. This is their first development. They are backed by Engineers who have more than 30 years experience in construction industry in India and abroad.

  3. GuestroomFacilities Bed (King size 2.0x2.0 M) Bed side table(s) Sofa cum bed (for additional bed space) Coffee Table Writing Desk Luggage Rack Wardrobe Full Length Mirror Chest Drawers TV 32” LCD/LED Artwork In-house movies on demand Mini-bar Tea/coffee making Direct IDD telephone line Computer connection Wake up system Black out curtain Bathroom with WC, washbasin, separated shower area & hairdryer, Air-conditioning (split type) Laundry/Dry Cleaning Services Room Service Wifi /Broad band connection Permanent safe, electronic type. • • Entrance/ Bedroom: • Floor : marble or tiles of high quality • Walls: texture paint • Ceiling: wood in entrance, paint with wooden cornice in bedroom • Fabrics of high quality. • Black out curtains. • Lighting fittings of high quality. • Telephone: 2 outlets. • Bedside switches. • • Bathroom: • Floor : Nonslip ceramic tiles of high quality • Wall: Ceramic tile of high quality • Vanity counter: Granite • Sanitary wares and fittings of high quality, resort style • Wide mirror • Shaver power and travel charging facility. • Towel racks, tissue paper holder, soap & shampoo dispenser, • Shower cubicle.

  4. Booking Process Buying a hotel apartment in GO1 Resorts at Badem, Assagoa, Goa, is simple and straightforward. Make your enquiry and learn more about the concept and do visit the project site. Once you choose your room, please deposit a reservation fee of 20% of the total property cost to book your apartment. Payment shall be made to “Bhoomi Developers” payable to Acc # 00072560004591, HDFC Bank, Bhandarkar Road Branch, Pune. 70% payments during progress of work (stages as under). 10% on completion of slab of lower basement. 10% on completion of slab of upper basement. 10% on completion of slab of First floor. 10% on completion of slab of second floor. 10% on completion of slab of Third floor/roof. 10% for FFE as advance, 30 days notice will be given. 10% on completion of all internal & external finishing of the room. 10% before handing over the possession. Should you require a home loan, contact any of our affiliate banks/financial institutions to get your home loan sanctioned. WELCOME to the GO1 Resorts at Badem, Goa family!!! Enjoy your hotel apartment and every future visit.

  5. Investment Options & Commercial offerDon’t Just Retire, Retire Rich. We see this investment as a PENSION Scheme. OPTION 2: HOTEL ROOM OWNERSHIP WITH RENT BACK WITHOUT FREE STAY • 15 year (5+5+5) Lease back agreement where you lease the hotel room for the first five years and subsequently for five years intervals. • Rentals paid quarterly - • 9% per annum of the invested amount for the first five years • 12% per annum  for the next five years • 15% per annum for the last five years • Zero Maintenance Charges on FFE and structure. • No electricity, water charges and Property taxes. • You can terminate the lease back agreement by giving 2 (two) months notice to (Resort Operator) Lessee if decided by the owners to change the operator. • This agreement is transferable, in case you intend to sell your apartment. • Every five years, furniture will be replaced or renovated depending on condition. • Your apartment will be refurbished at the end of each lease period. • “Buy Back Option” after the end of first five year lease period@ 25% appreciation. • Insurance of property is covered by the operator during the lease period. OPTION 1: HOTEL ROOM OWNERSHIP WITH RENT BACK AND FREE STAY 15 year (5+5+5) Lease back agreement where you lease the hotel room for the first five years and subsequently with five years intervals. Property is commercial and not residential. Rentals paid quarterly- 6 % per annum of the invested amount for the first five years 9% per annum of  invested amount for the next five years and 12% per annum of invested amount for the subsequent five years. 21 days free stay in a Calendar Year (2 weeks during June/July/Aug/Sept and one week during peak period except 23rd Dec to 4th Jan) with lodging and boarding for 2 adults plus 2 kids. Zero Maintenance Charges on FFE and structure. No electricity, water charges and Property taxes. You can terminate the lease back agreement by giving 2 (two) months notice to (Resort Operator) Lessee if decided by the Owners to change the operator. This agreement is transferable, in case you intend to sell your apartment. Every five years, furniture will be replaced or renovated depending on condition. Your hotel room will be refurbished at the end of each lease period. “Buy Back Option” after the end of first five year lease period @ 25% appreciation. Insurance of property is covered by the operator during the lease period. Car park is free for the owners during their stay.

  6. The TEAM

  7. Q n A Here is a list of frequent questions that we have encountered and our responses to them. Should you have any further queries in addition to these, please feel free to contact our Sales & Marketing team. 1. Who looks after the property when I am not there? Ans: A professional resort operating/management team (M/s Hitesh Motels Pvt. Ltd) will look after your property for you, allowing you to enjoy each stay, knowing your investment is in safe hands. The management team will arrange for cleaning and other services that might be needed to keep the property in top condition for resort guests and owners staying during their free stay period. 2. Are transport facilities available at the resort? Ans: Taxis and scooters/motor cycles are available on hire for shopping and commuting in Goa. Private transport and airport pick-ups can also be organized for a nominal charge. 3. Can I get a bank loan to finance my purchase? Ans: Yes.  The developers, M/s Bhoomi Developer will have affiliations with several banking and financial institutions to enable your purchase through a loan. 4. Are there medical facilities at the site? Ans: Basic First Aid is available at the site. In addition, a doctor will be available on call at standard charges. 5. Is parking free & safe? Ans: Parking is safe and is available to all Condominiums owners when they use their free stay option. Guests of resort are allowed free parking in the lower basement. Paid. Car wash facility is also available. 6. What are the terms of payment when purchasing a GO1 Resort Condominiums? Ans: The terms of payment are as follows: 20% of Condominiums value on booking 70% progress payments 10% on handing over the Condominiums keys 7. Who are the builders and developers of GO1 Resorts? Ans: GO1 Resorts is developed by M/s Bhoomi Developers, Pune. M/s APEX Consulting Engineers are the Project Management consultants. M/s Hitesh Motels Pvt. Ltd. is the resort operator and management team. They are the owners and operators of Poonam Hotel in Deccan, Pune since 1997. 8. Are the Condominiums fully furnished? Ans: Yes, the Condominiums are fully furnished and additional amenities are available on request through the resort. 9. What are the check-in and check-out timings for complimentary stay in the Rent Back Options? Ans: In the Rent Back Options, the complimentary days of stay will have a check-in and check-out time of 12 noon. 10. Can liquor be consumed in the Condominiums? Ans: Yes, your Condominiums is your home and you may choose from a variety of beverages available at the resort or get your own.  However, damages caused by irresponsible behavior will be back charged/claimed. 11. Is there a provision for electricity failure? Ans: Yes. GO1 Resort is well equipped for any power failures. The resort has a robust 100% back-up system for any shortages. 12. Is there a kitchen set up in the Condominiums? Ans: No. All food is served in the restaurant. In the rent back options, the 21 days free stay includes all meals. 13. What are the pool timings? What are the safety measures at the pool? Ans: The swimming pool is open from 7 am to 8 pm every day.  There is a separate pool for children and a Life Guard will be available.   14. Can I bring my dog and cat to the Condominiums? Ans:  Pets are not allowed into your Condominiums. 15. Is the property free hold? Ans:  Yes.

  8. Site Photographs Proposed Roof top infinity pool Site

  9. Site Photographs West View South View

  10. Site Photographs North View East View

  11. Room Rate comparison • GO 1 Resort room size is 33 sq m and the resort falls under Mid Market Category hotel. For further details refer to these URL • http://articles.economictimes.indiatimes.com/2012-02-19/news/31075285_1_budget-hotels-economy-hotel-hotel-chain • http://articles.economictimes.indiatimes.com/2012-02-20/news/31079668_1_infrastructure-status-hotel-industry-budget-hotels

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