 "Snapdeal, Puravankara, JLL launch new plan")
Online marketplace Snapdeal, bengaluru based developer Puravankara and property consultancy JLL India have announced the launch of a 'Managed Residences Plan' for their customers.
The three-way partnership between Snapdeal, Puravankara Projects Ltd 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 Puravankara for a contracted term of seven years .
Puravankara will pay a rental appreciation benefit of 8 per cent every year. Puravankara through JLL will sub let the apartment and pay the rent to the customers.
It will be on the Snapdeal website for 10 days and then it will be there on the website on Puravankara and 200 apartments will be on offer under the programme, the company said. The customers can withdraw from the programme in the middle of the programme, it said.