Your Second Home in Amritsar can be your first Choice!
Professional management of second or holiday homes has been a great requirement for many years and we bring you a business based model to give you solutions for buying luxury homes that gives you peace of mind. The concept of furnished apartments is very popular in the Western Countries and is based on the collective or cooperative movement which gives optimum returns to the second home owners. Le Virsa also provides the second home owner the opportunity of staying in his dream home at no extra cost. The Project, Le Virsa, is a five star development with 160 serviced apartments/condo hotel suites and serviced villas in the Heritage City of Punjab-Amritsar.
Le Virsa will provide all the services for your Le Virsa home that you would expect from a five-star hotel. Each day, your home will be impeccably groomed by Le Virsa's professional housekeeping staff. The bell boys, the butlers and a well trained staff with the best hospitality are at your service. The concierge can assist you making reservations at the top concert and sporting events, as well as arrange table reservations at the finest restaurants. Or, if you prefer to dine at home, the finest meals can be brought to you for an intimate dinner or party, featuring efficient, courteous and professional butlers and multi cuisine chefs. In the same way, your surroundings will flourish under the careful attention of master gardeners.
We are introducing in India the fully furnished second homes in Holiday destinations with professional management by the International Hotel Chains.
Le Virsa offers a Single Key Solution for buying a home in your mother land which caters to the needs of NRIs, PIOs and HNIs. Buying in distant destinations has always charmed people but it comes with challenges of remote management controls. Here comes Le Virsa in Amritsar and offers you the following benefits:
Explore Le Virsa
1 BHK Floor Plan
2 BHK Floor Plan
The tourism industry in Amritsar is the future due to underlying fact of attraction of HNI to Golden Temple and opening of 137 items of trade with Pakistan at Waga border. In addition Amritsar has been declared as heritage city of Punjab by government of Punjab and Department of Tourism of India has sanctioned incentives and funds to promote Amritsar as tourist status destination of India. Most of the international hotel brands have either started work and others are looking at options in Amritsar. Home rental in Amritsar is a relatively lesser known industry and units offer range from individual "bungalows" and apartments to exclusive villas but not professionally managed and operated.
The more exclusive the tourism offering, the better the revenue generation potential becomes for the promoters and for the country, which will in turn result in an increase in volume and quality of employment generation. It is therefore imperative that Le Virsa maintains and grows its 5-Star plus exclusive tourism offering, and this can only happen through professional management of the hotel. This includes regulation to ensure the orderly marketing and management of rentals. To achieve this, Developers have agreed to sign up a franchise agreement with international 5 star Hotel chain.
Owners' Central Room Revenue Pool Account
The rental pool is being set up on a "for profit" basis by the developer, and control of the operation of the rental pool will be managed by the Developer as a Hotel Manager by forming a hotel management company, who is contracting a commercial franchise of an International Hospitality Chain, to operate the rental pool in the best interests of the owners. The remuneration of the operator will be linked to some fixed license fees and the revenue and profitability of the rental pool - a formula that has proved to be highly successful for the hotel industry. The objective is to create a vehicle that will be trusted, used and eventually managed by the Management Company and the owners in the rental pool will get 40% of net room revenue and 60% will retained by the management entity to run the hotel at 5 star levels.
The Net Room Revenue - NRR The Net Room Revnue includes the net revenue income generated from renting of rooms on regular basis minus the franchise fee, Govt taxes and commissions paid to travel agents. An Owners' Central Room Revenue Rental Pool (OCRRR) account will be set up. Each owner will have a share in this pool based on square feet area he or she is holding. 40% from NRR will go to OCRRR. Each owner will get the remuneration from this central pool based on the square feet area held by each owner. A special online software is being developed to have a transparent system where by the owners can log in and see actual sales and total room occupancy linked to online booking system of the hotel. Each owner gets a unique id and a log in id.
The New Concept Gives The Owners The Benefit Of Having
Project Features Area And Future Development
Total Built Up Area
Current Status Of The Project
The Wall Of Fame
About Raailand Properties Pvt. Ltd.
Raailand Properties Pvt. Ltd is a Canadian company having its base in Pune (India). Under the aegis of Mr. Rajiv Rai (DIRECTOR), the company is progressing at a rapid pace. Established in the year 2003 Dubai, the company has created a niche for itself in the property market in a short period of time. The company has offices in Ontario Canada under the name Rupin Associates Incorporation RaaiLand Group specialize in Real Estate marketing of Luxury Homes based in Dubai, Thailand, India, UK and Mauritius. Involved in establishing joint ventures and setting up multinational companies world –wide, the company also ventured into entertainment business launching its first Marathi Movie Savoli in India which won 14 national awards. Chandigarh | Raigarh | Airport Dabolim | Aldona | Anjuna | Betim | Quepem | Siolim | Vadodara | Panchkula Urban Estate | Pinjore | Kasauli | Shimla | Panchgani | Pune | Amritsar | Dera Bassi | Jalandhar | Ludhiana | Lucknow | Mohali | Zirakpur | Mohali Chandigarh | Panchkula | Goa | Mullanpur | South Goa | Zirakpur | Bardez
Office Address:T-204, D-9, Pavana Industrial Premises ,Bhosari, Pune, Baner, Pune, Maharashtra