Snapdeal partners Puravankara to sell flats with assured rent – Feedback

Online marketplace Snapdeal has tied up with realty firm Puravankara Projects to market 200 ready-to-occupy flats in Chennai, Bengaluru, Coimbatore and Kochi, while offering assured rent for seven years to buyers.

Snapdeal and Puravankara in association with property consultant JLL India announced the launch of a ‘Managed Residences Plan’ under which flat owners would get fixed rental returns for seven years, along with an additional rental appreciation benefit of 8 percent per annum. Under this scheme, Puravankara would offer 200 flats in a price range of Rs 35 lakh to Rs 3.5 crore on Snapdeal for 10 days starting May 27. Those who book online during this period will also get Rs 25,000 Snapdeal purchase voucher, according to a statement. “The three-way partnership between Snapdeal, Puravankara Projects and JLL India will enable customers to purchase a ready-to-occupy apartment from Puravankara across Bangalore, Chennai, Coimbatore and Kochi and lease it back to Puravankara for a contracted term of 7 years,” Snapdeal said.

http://www.moneycontrol.com/news/business/snapdeal-partners-puravankara-to-sell-flatsassured-rent_6757781.html

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