Lahari Holiday Homes Ltd unveils an exclusive concept in vacation homes with 'Lahari Suite Homes'

* An Innovative low investment - assured returns opportunity, with several other benefits

Hyderabad, 19th February 2009 – Lahari Holiday Homes Ltd, part of Lahari Group today unveiled a unique investment cum vacation home opportunity – Lahari Suite Homes in Hyderabad. Lahari Suite Homes will be located adjacent to Lahari Resorts, the renowned relaxation and entertainment destination of the twin cities at Bhanoor Village, Patancheru.

Text Box: Lahari Suite Homes: Assuring multiple returns • 710 sq.ft space for the price of only Rs.12 Lakhs • Assured monthly rent of Rs.5000 from the time of complete payment for a period of 15 years • Assured buyback by company after 5 years on 14.40% appreciation • Free lifetime membership to Lahari Resorts • Option of leasing space as a service apartment after 15 years Modeled on the lines of "owning" a service apartment, Lahari Suite Homes ensures that customers not only benefit by getting assured returns on their investments in terms of fixed monthly rentals, assured buy back with appreciation, option of letting out as a service apartment, but also enjoy free 3 day stay every year and free lifetime membership to the Lahari Resorts.

Commenting on the concept Mr Hari Babu, Chairman, Lahari Group said, "Lahari Suite Homes is an ideal investment opportunity in today's scenario. With the prevailing uncertain and risky market conditions, customers now have an investment option that is not only easy on the pocket but offers multiple assured avenues of returns"

All the 737 luxurious, classy and aesthetically designed suite homes will be built on 6 acres having 8 floors. These apartments overlooking the resort will be completed for occupation by March 2011. Each of the apartment costs Rs.12 lakhs and will consists of 1 bedroom, kitchen and dining. The ground level will offer several amenities to the owners like swimming pool, spa, gym, rocky garden and music deck.

Lahari Suite Homes will be designed keeping various individual tastes in mind. All 737 suite homes will be bright and airy, with large sit-outs overlooking the greenery with proper security and safety devices.

An easy and secured investment decision

Owners of Lahari Suite Homes will be leasing out their apartments back to the company for a period of 15 years - for which they will be paid an assured monthly rent of Rs.5000, with an incremental amount of 20% over the last rent received every five years. The customer will start receiving the rent once the company is paid in full.

Mr.Hari Babu continues, "By allowing for easy installment options over 20 months – customers need not even avail the prevailing high interest bank loans. Additionally, the company also assures of a buy back of the apartment after 5 years at an assured appreciated price of Rs. 14.40 lakh, irrespective of the market conditions, thereby making it a completely safe investment. Post the lease period the customer can let out the apartment as a service apartment and make additional revenues or use it for their own personal purpose.

"After having built customized quality homes and the spectacular Lahari Resorts, the Group is also developing 2 SEZs spread over 275 acres of land 2 kms from Lahari Suite Homes", Mr.Hari Babu added.

Lahari Resorts at the doorstep

Customers can use their apartment for a period of 3 days in a year without any charge, enjoying the benefits of free stay and facilities like Gym, Swimming Pool and Waterslides. Other chargeable facilities like bowling, paintball and food can be availed at a 20% discount during the stay. Customers are provided with privileged membership of the resort as well which will entitle them to special discounts on accommodation, food, beverages and chargeable facilities.

Lahari Resorts is a one of kind resort which offers multiple entertainment options appealing to a varied set of audience. For cricket crazy, Lahari is the only resort in Hyderabad which provides international standard full fledged flood light cricket stadium. Lahari Resorts has a plethora of entertainment options ranging from various interactive games to fun filled water activities. Youngsters can have fun filled time at the resort with a variety of outdoor and indoor sports like basket ball, beach volley ball, tennis, badminton, snooker, bowling alley and many more. To add more excitement to their trip, they can also indulge in adventure sports like obstacle course and paintball which are exclusively present at Lahari resorts.

The resort with a calm and serene environment with greenery spread across 35 acres is a destination of choice for families who can have a good time together and unwind in different water activities like swimming pool, water slides, water polo, rain dance, boating and angling. Kids can have a blast at the resort with exclusive outdoor and indoor game parlors like dry slides and swings designed for them. Lahari Resort is also an ideal destination for couples as it not only offers range of options for theme weddings but is also a perfect honeymoon location.

The resort also offer good range of conference halls, business centre and event arena for corporate get togethers. Lahari Resorts has a multi cuisine restaurant, Tree-Top restaurant, 24 Hour Coffee Shop and a Hookah Bar giving its guests a variety of dining options to choose from.

Customers opting for Lahari Suite Homes will have a location advantage as it will be near to ORR, Hi-Tec City and airport. The suite homes are also close to 70% of IT & ITES companies of the city.

Lahari Suite Homes is promoted and developed by Lahari Holiday Homes Ltd.

Source : Equity Bulls

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