1. Why to invest in Kannur?  What are the development opportunities?

Going by the trend in the kind of developments happening in Kannur such as International Airport, Azheekal Seaport, high profiled super specialty Hospitals, Shopping Malls, many other both private and government projects taking shape in the district, the proposed infrastructure developments and the amount of investment being pouring in to the tourism sector etc., Kannur has got huge potential for overall growth in the Malabar region. As this very promising emerging scenario provides a lot of hope as well as opportunities for Kannur, “ALLIANCE DEVELOPERS & PROJECTS” envisages a brilliant and viable investment proposition that is highly suitable to the small and level investors who are looking for a regular income flow coupled with the scope for substantial capital growth.

2. What is the scope of service apartments in Kerala especially in Kannur?

“ALLIANCE DEVELOPERS & PROJECTS” is soliciting the small and medium level individual investors to be a part of the Service Apartments business opportunity which is increasingly gaining popularity as an ideal investment in hospitality sector. As Kannur is already experiencing very much of shortage in good properties in the hospitality sector, the immediate development prospectus of Kannur with its flight connectivity through both the international and domestic airports in the city will gradually build the momentum for enormous growth in the hospitality business investment in Kannur.

3. Since when are you in this industry?

Being the forerunner of new breed lifestyle creators in Kerala, “Alliance developers & projects” with its experience and expertise of more than a decade in builder’s arena, has completed many prestigious projects in the prime locations of Malabar region including Kannur

4. Can I have a brief of the project and where can I find the details?

Premera Suites is a three-star equivalent category Service Apartments project with state-of-the-art facilities and amenities which is envisaged to cater the need of the city for a finest hotel property in the fast-emerging city of Kannur in the Malabar region. Project features includes but not limited to the inhouse Business center, Fitness center, large Swimming pool, Banquet hall, 5. Automated laundry and food court etc.

5. Where is the project located in Kannur?

The “PREMERA SUITES SERVICE APARTMENTS” is located at THANA within 22 KM from Kannur International Airport, 2 KM from Kannur Railway & Civil Stations, Municipal bus stand and just a stone throw away from NH 17- an area which is serene and rejuvenating for a peaceful living within the city limit itself but without the hustle and bustle of it.

6. Service apartments are not a new concept for Kerala. How PREMERA SUITES is different from others?

Service apartments are not altogether a new concept to Kerala or even to Kannur. “ALLIANCE DEVELOPERS” visualized a project having four star equivalent facilities with predominant consideration on its location with easy accessibility to the city and its major land marks including the Kannur international airport. The design and the lay out of the project, furnishing of its apartment units, facilities and services to be provided, safety and comfort proposed to be offered to its clients with a traditional touch…... but all with a fair and competitive tariff so on so forth will definitely place ”PREMERA SUITES SERVICE APARTMENTS “ahead of our peers in the city.

7. What’s the total area of the building?

The “PREMERA SUITS SERVICE APARTMENTS” is consisted of 55 fully furnished, fully self-equipped hotel apartment units sprawled in 6 floors including the basement floor car parking. There is a total 45000 square feet of built up area in the building at one of the prime residential cum commercial location of Kannur

8. What’s the total cost of the project?

The total cost of this project is estimated at 30 Crores including cost of land, building, administrative and consultancy, marketing costs etc.

9. What’s the investment of the promoters & legal status of Investors?

The promoter group “Alliance Developers & Projects” will hold 50% of the total holdings. The remaining stake will be allocated to the potential investors through private placements. The Investment will be accepted as the capital contribution towards the allocation of shares in Limited Liability Partnership firm namely, “PREMERA SUITES SERVICE APPARTMENTS LLP” to be formed on commencement of the business.

Up on full payment of the investment amount as per the Investment agreement executed with the Investor, the Investors percentage of shares will be allotted to the investor in the LLP to be formed on commencement of business and thereby the Investor becomes one of the shareholders of LLP under which the ownership and possession of the Premera Suites Service Apartments will be vested with.

10. How does the management of the business is carried out?

The Designated Partners of the LLP as appointed by the Alliance Developers shall have the sole and absolute right and responsibility on the management of the LLP, its assets and the day today business activities.

11. As an investor what will be the return I can expect?

As an investor of “PREMERA SUITES SERVICE APARTMENTS”, Investor can expect above average potential rental income return ranging between 10-15% annually from the commencement of business by December 2021.

Also, the investors are offered a fixed income up to 10% annually which is distributed on monthly basis to them starting from January 2021 based on their amount of investment until the project completion.

12. What is the project payback period?

The project payback period falls around 7 to 9 years on the basis of the fair calculation of estimated annual rental revenue which has been derived on the fair expectation of standard two third occupancy rate. If the potential capital appreciation is also included in to the rental income returns, the actual payback period will further be reduced to 4 to 5 years. Also, if the occupancy rate increases over the years from the standard occupancy as estimated now, the chances of the payback period getting further reduced is also there.

13. What is the exit policy?

Project offers smooth exit plans to its investors. The investors are free to transfer their share to public at the revalued figures with prior consent from the LLP. The promoters also having a buyback policy for the investors with a prior notice of 6 months so as to obtain the controlling shares of the project. Hence the potential plan of “MANAGEMENT BUYOUT” option helps an easy exit for outgoing investors with capital appreciation potential.