Vaishnavi Tech Park II
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₹25 Lakhs
Min. Investment
8.6%
First-Year Rental
15.9%
Targeted IRR
NRO/NRE
Invest via
This is a rare find. Opportunity usually finished within 2-3 Days
Investment & Return
How can an investor exit?
After 1 year lock-in period, investor can sell in 3 ways:
- Private Sale – Investor can find a buyer in their own network and we can facilitate the transaction.
- Secondary Market – Investor can list their fractional ownership on sale via the secondary market provided by partner platform. This platform will be accessible to all existing and new investors
- Full Asset Sale – All investors will get an exit at the time of full asset sale basis market conditions and majority investors’ consent
Taxation
User receives 2 types of payouts:
- Monthly rental payouts – taxed at investor’s tax slab in India.
- At the time of sale of asset – gains at the time of asset sale are taxed at 10%.
Investor Lock-in
1 year lock-in period, after that investor is free to sell (Lock-in can be waived off on a case-to-case basis)
Exit Load
No exit load
Exact Returns
Rs. 25 Lakh investment at 9% annual asset value appreciation would give total return of ~Rs. 74 Lakh at the end of asset tenue (returns before tax and performance fees),~3x return on investments
Why Invest ?
Platinum Quality Asset – New Building & Fresh Lease
Indian Green Building Council rated this commercial property in the top-most PLATINUM category. Newly constructed 36,000+ sq. ft. commercial space in one-of-the-best micro markets of Bangalore. This property is leased to Smartworks (valued at Rs. 3,000 Cr+) and sub-leased to Groww (valued at Rs. 23,000 Cr+).
High Asset Value Appreciation Potential
Asset is leased at rental yield which is 50% less than the market rate and is located in the Sarjapur Road micro-market which has 0% vacancy.
Blue Chip Tenant
Asset is leased to Smartworks which provides agile workspaces to 500+ businesses across India, namely, Microsoft, Amazon, Jaguar, Samsung, TATA, Ernst & Young, OLX and more. Smartworks has further sub-leased to Groww – one of the largest fin-tech companies of India. Groww has 2 Cr+ customers, valued at Rs. 23,000 Cr+ and backed by Sequoia Capital, Tiger Global, Ribbit Capital.
Overview
This is an amazing and lucrative asset in the commercial real estate segment – with opportunity to invest in freshly constructed PLATINUM rated property by IGBC (Indian Green Building Council) located in Sarjapur and flanked by Outer Ring Road. Asset is leased to Smartworks (ownership of rental payout) and is sub-leased to Groww (one of India’s largest fin-tech). Asset is located in the hottest micro market of Bangalore with 0% vacancy and upcoming Metro Stations is only going to help.
Investors need to deposit 5% as of today to confirm their interest and rest 95% after asset is fully funded (expected to be subscribed by 1st week of August, 2022). Rental payouts will commence from 1st week of October.
Pre-book Offer (Live till 05th July, 2022) – 4.3% of invested amount spread across 7 years.
Tenant Overview
Asset is leased to Smartworks – India’s largest agile workspace provider with 500+ business customers including Microsoft, Amazon, Jaguar, Samsung, TATA, Ernst & Young, OLX and more. Ownership of timely rental payouts is with Smartworks, it has further sub-leased the asset to Groww – One of India’s largest fin-tech company, valued at Rs. 23,000 Cr+ with 2 Cr+ customers across India.
Monthly Rent Per Sq. Ft.
Rs. 60
Escalation on Base Rent
15% every 3 years
Security Deposit
4 months
Lease Period
9 Years 11 Months
Price
Gross Price
31,91,86,300
Add: Stamp Duty
1,68,63,264
Add: Registration
29,74,121
Add: Acquisition Expenses
1,08,90,651
Add: Reserve
17,00,000
Add: Property Tax
41,67,175
Add: Legal Expenses
12,18,489
Net Purchase Price
INR 35,70,00,000
