Member is familiarised with the offer and detailed explanation of business model either personally or via online presentation. If the investor client is interested in the offer, he will have to fill an application form and must pay a refundable deposit advance amount of Rs.11,000/-.
On receipt of the above, the applicant will be presented with the detailed Membership agreement physically or online for signature.
He/she can either accept or decline the offer within 30 days freelook period from date of receipt of the Application.
Withdraw his application -then the refund will be processed within 30 days from receipt of the withdrawal notice
Signs the member’s agreement and consent to become a member.
Does not withdraw and does not sign the member’s agreement, then the refund will be processed with 10% cancellation charge
There are four types of membership – Lite, Ordinary, Premium and Platinum
The Premium and Platinum members enjoy certain additional entitlements over and above what is availed by Ordinary members
MCC is the Minimum Capital Contribution set by the LLP for the member to invest.
This amount is fully secured against the asset of the LLP and refundable after the initial lock in period of 5 years
Family means Husband, Wife and two unmarried children and parents of both spouses
Parents of both spouses are also considered in the Family without additional cost.
Additional members including children (beyond 2-two), daughter-in law etc can be included in a Family on payment of additional fees
An unmarried applicant can also avail Membership. He /She can add his/her spouse’s and children’s name to the membership later
After being enrolled as a Member, he has to pay a recurring Annual Subscription Fee (ASF) which is utilized for maintenance of holiday homes. This is payable annually (in April).
There are two modes of payment: A. One-time lump sum payment OR B. EMI (we call this Easy Manageable instalment).
The instalment need not be the same every month and can be paid as per Applicant’s convenience vide cheque or draft or NEFT/RTGS.
No interest is chargeable on entire payment made within 12 months from the date of signing of the Member’s agreement.
On payment of the entire amount of Minimum Capital Contribution and on completion of KYC documentation, an applicant is considered and enrolled as Member of the Membership program.
Yes, absolutely. The Promotor Partners will be part of the SPV as they have complete faith in the asset management and maintenance management. The promotor partners alone bear all the losses of the SPV and there is no risk whatsoever.
The Promotor Partners are employing their own real estate assets for the benefit of membership program
All bookings are done on First Come First Served Basis
If you also desire the same date which has been already booked by some other Member, you can wait list your booking by sending us an email from your registered email id.
Wait listed booking will also be on First Come First Served Basis and it will be confirmed once the original booking is cancelled by the Member
Waitlisted booking is not considered as booking for entitlement purpose
A Member can have only same number of Waitlisted entries as per his booking entitlement.
Our Vacation concept has only one colour “Colour of joy and happiness”
There is no colour coding (red, purple etc.) / Season (Peak, off season etc.) applicable. Member is free to book holiday for any date or season as per convenience.
Notified Public holidays mean designated holidays like Republic Day, Independence Day, festival dates, Diwali, New Year or such days as notified before the start of the calendar year.
In order that every member gets a fair chance to stay during Notified public holidays, a Member who has already availed a holiday in such period in any year will not be permitted to book another such holiday in the same holiday home until completion of two years from the end of last Holiday booked date.
No, the Holiday homes are for exclusive use of its Members. This translates into higher chances of confirmed booking to Members. However, if none of the members book a holiday, only then it will be rented out to non-members. Rental earned will result in profit for LLP which will be shared among Platinum members.
A Member can cancel/reschedule a confirmed booking to a new convenient date.
Free cancellation/rescheduling is possible if done 15 days prior to date of arrival.
However, no cancellation or rescheduling will be allowed if it is done during the period less than 14 days from date of arrival
Also, reservation cum confirmation voucher once issued to a Member cannot be re-assigned/transferred by the allotted Member to any other Member.
On cancellation of booked dates, such dates will be made available to other Members for booking their holiday. No concession or rebate will be allowed to a Member cancelling a booked date(s) if the cancelled dates are taken by another Member.
A member is allowed:
Maximum of two (ordinary)/ three (Premium) advance bookings are allowed.
A Member can re-book the same Holiday home again provided he is within the total entitlement for that holiday home
Additional booking over and above the holiday entitlement is permissible on specific request from Members at the sole discretion of the management and on payment of Service Charges.
Cannot rebook another holiday till 7 days cooling period
Cannot exceed Total entitlement as provided in the beginning of the year
Cannot exceed Total entitlement limit set per Holiday home.
A detailed and correct entitlement will be mentioned in the Member’s agreement.
On completion of your holiday booking, a Member will receive confirmation by SMS alert the registered mobile no. This will be followed by an email of the Reservation confirmation voucher (RCV), containing all relevant information of the holiday destination booked, facilities available and activities that can be availed
Please carry this RCV along with your photo membership card and a photo identity card (such as PAN Card, Passport, Aadhar Card or a Driving licence) of all the members arriving at the Holiday home to ensure smooth check in.
Yes. Pets are allowed in most of the holiday homes. You are requested to check this information at the time of booking your holiday.
A smart booking system will be introduced for all booking related matters. it’s easy to use and equitable for owners based on their membership. The app displays real-time availability. It will also help to block your preferred date
Premim and Platinum member l get priority and privileges to block advance dates.
All booking can be done based on real time availability, regardless of when they have been admitted in as a Member except as specified.
The maximum length of stay per member is mentioned in the Member’s agreement . Members will be chargeable for any stay over and above maximum total no of day of stay per home.
Yes, you can do so provided you have not exhausted your advance booking limit and there is at atleast 7 days of cooling period since the last date of departure and there is no outstanding amount whatsoever payable to the LLP
Special dates are birthdays or anniversary dates of the family. We shall endeavour to help book in advance one special date in a year
Special dates are birthdays or anniversary dates of the family. We shall endeavour to help book in advance one special date in a year
The whole idea of second home should be that it should have large space than primary residence
A typical apartment will have living space of more than 1000 sq ft including terrace/balcony. It will be minimum of 2BHK
A villa or independent property will have living space of atleast 1000 sq ft on an open plot size of atleast 5,000 sq ft.
If an investor wants to opt out, he may do so on after completion of 5 years lock in period. He has to offer his entitlement to the existing partner who have first right of refusal. If no partners is ready to accept to take over then the LLP will itself process the refund of MCC and other accruals.
On Transfer – A partner can transfer his economic rights to third person provided he has not got any response from existing partners for the period of 30 days and provided he has got prior written approval from the DPs of the LLP for admission of the third person as partner.
On Death – the heir of the partner will have option to continue or opt out, then the payout must be completed within 3 months of intimation received from the heir of the departed partner
On Removal of member by DPs only. This will result in cessation of all rights and entitlement. However, pay-out will be only be done by LLP after the completion of 5 years locked in period or such time as the DPs decide
Yes, all filing of records of the SPV including its creation is done under ROC (Registrar of Companies). There is audit review and proper compliance procedure followed as per law.
The designated partners of the LLP are sole responsible for managing the properties and ensuring statutory filing as prescribed by law. In fact, the Managing partner will manage the day-to-day operations of the business. None of the partners are expected to participate in such administrative and legal matters.
The chances of going bust is unlikely since your investment is invested in real estate assets and a small portion towards operation cost, which typically grows over the period of time. However, if in case the designated partners are not available to run the business, the existing partners can appoint their own representative who can take over and run the business with the assets still lying in the LLP. As a final recourse, the partners can go for dissolution/winding up of the LLP under certain circumstances. A liquidator is appointed who will sell all the properties of the LLP and divide the corpus created among all the partners.
A non-member cannot join a member family for a holiday, as it is for exclusively only for Members.
Walk in entry of non-members is strictly prohibited.
Any member violating this provision will be debarred from continuing as member.
We encourage members to take timely breaks and use the Holiday home for relaxation and time-out with family for better living. However, if for any reason, a Member is unable to avail holiday, it is absolutely fine. You have lifetime period left to plan your next trip as per your convenience.
Limit on holiday entitlement is set for each member so that each member gets a fair chance to holiday in any of the holiday home.
The holiday entitlement cannot be carried forward from one year to another
Even if you are unable there here is no real lapse of any holiday entitlement whatsoever, because you have lifetime to avail the same.
You are free to avail your holiday as per your choice and convenience.
Service charges are a nominal premium charge collected from a Member when he avails certain amenities /entitlement over and above normal eligible entitlement. SC is collected to maintain all the Holiday homes and its amenities and payable after check out from holiday home when the invoice is raised by LLP.
No, you cannot gift your holiday to any friend or relative.
Instead, we would recommend you to suggest your friends and relatives to become a member.
Our belief is that the holidays are for yourself and your family.
You are not allowed to trade or exchange holiday entitlement/booking to any other Member or non-member under any circumstances. Members found indulging in this practice will be debarred permanently without any notice and refund.
Yes, you are allowed to do so, subject to availability and payment of service charges
On receipt of full amount of MCC and on completion of compliance documents you become entitled to book and avail your first holiday.
All bookings can be done online through our website or via email or WhatsApp.
The member can check the current availability and block his/her preferred dates.
For any query or clarification about booking, you are free to contact us for assistance
The essential details required while making your online booking are:
Membership number
Number of people (Adults & Children) going on holiday
Name of the selected holiday Home
Arrival and departure dates
Each Holiday home is provided to a member family on “one family one home” basis.
Please ensure that you do not have any pending outstanding amount at the time of booking.
We allow you to book your holiday minimum 2 days and up to 3 months in advance
So the earlier you book, the better is your chances of getting confirmed booking of your preferred holiday home.
Real estate asset is bought either in form of land or ready to move property (villa or apartment). Alternatively, it will enter into joint development of land taken from the land owner and part own the developed property. Where a holiday home property is very costly to acquire and build it will approach property owners and enter into contract for long term license at negotiated fee.
The investment is secured as it is primarily utilised to buy real estate assets under the SPV. This class of asset has always shown steady rise in their value and most secured if proper due diligence is done.
The share of profit will depend on how effectively the SPV is managed by the Designated Partners and is not guaranteed.
Risk of buying slow accelerating real asset – however all real estate asset grows over the longer period of time.
Liquidity risk, if the desired number of partners are not inducted- However, the business model is robust enough to attract fresh investors
Occupancy risk - if the desired occupancy is not filled in by non-members when the members don’t book their holiday – However, the DPs will offer it to third parties on rent
Risk of loss in operation – However, this is mitigated by Promotor Partners who alone bears the Business losses.
No fee or commission is chargeable from investors at the time of induction or exit from the LLP.
Annual Service Fee (ASF) is charged for annual maintenance of all properties.
The managing partner will be paid salary which is clearly defined in the LLP agreement for his services in managing the compliances, properties and related activities which is chargeable to the SPV and deducted from the income earned in the SPV
Yes, absolutely. The Promotor Partners will be part of the SPV as they have complete faith in the asset and maintenance management. The promotor partners alone bear all the losses of the SPV and there is no risk whatsoever.
The Promotor Partners are employing their own real estate assets for the benefit of membership program
Yes, all the investment is done through SPV which is registered and compliant with ROC/MCA and all the required filing will be undertaken by the Designated partner.
Every investor is subject to initial lock in period of 5 years from the date of induction as partner. Post the lock in period, he is free to exit at any time as specified in the Member agreement.
SPV will be fully managed by the Designated partners and the Managing partner and does not expect any participation from investors in any manner.
You will be able to avail subsidized Employee Company Holiday home facility only until you are in service with the Employee Company. Further most of them do not allow you to take your extended family. Further these Holiday homes are located in far off places which requires adequate and advance planning. Also, you may not necessarily get booking always as per your convenience.
With our membership you can be assured that you have variety and multiple choices over and above your existing company entitlement at today’s rates.
We cater to people who need quick break (short and long stay) without much advance planning and not very far from city of residence (Mumbai, Pune and Nashik).
We understand that family do vacation at far off destination but very rarely and not repeatedly year after year due to work and family commitments. They are more likely to take holiday if the holiday destination is closer to their city
Our Membership pricing is so moderate that you will save enough to visit these conventional far-off destinations as and when your family decides
There is so much to see in Maharashtra and Goa. It makes sense to invest in a holiday membership at current prices at closer holiday destination, which member is most likely to avail as per Member’s convenience.
Once you have got the offer documents from our Team and have read through, you are free to discuss and clear any doubts directly with the Promoters so that you can take an informed decision.
Can’t find the answer you’re looking for? Please chat with us on whatsapp on 9821955518
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