₹30 Lakh

Min. Investment

8.88%

First-Year Rental

13.05%

Targeted IRR

NRO/NRE

Invest via

This is a rare find. Opportunity usually finished within 2-3 Days

₹ 58.75 Cr

/ ₹ 58.75 Cr

Investment Raised

Asset Closed

Investors are getting Monthly Rental & Capital appreciation

Investment & Return

How can an investor exit?

After 6 months, investor can sell in secondary market to an existing investor of this property or a new investor. Or at the time of sale of asset.

Taxation

User receives monthly rental payouts and at the time of sale of asset:

  • Rental payouts are taxed at investor’s tax slab in India
  • Gains at the time of sale of asset are taxed at 10%

Investor Lock-in

6 months, after that investor is free to sell

Exit Load

1%, if investor sells during 6-12 months since entering into the agreement. No exit load after 12 months

Exact Returns

Rs. 30 Lakh investment at 7% annual asset value appreciation would give total return of ~Rs. 1.12 Cr at the end of asset tenue (returns before tax and performance fees)

Why Invest

Major Business Hub

The asset is located in a major business hub of Bengaluru. The surrounding area has witnessed tremendous growth in the past decade and is home to several MNCs and Indian corporates.

Great Connectivity

The asset is located just off the Outer Ring Road (ORR) and is well connected to the rest of the city. An upcoming metro station just 300 metres away will further increase the value of the asset.

World-Class Tenant

The tenant is one of the world’s largest manufacturers of sportswear and has been in operation for over 70 years. The company plans to accommodate its fast growing India operations at the asset

Overview

This is an opportunity to invest in a brand new, Grade-A Office asset located in Mahadevpura, Bengaluru. The tenant is an international sportswear brand. Lease of 15 years and Lock-in period of 5 years. With high yields, long lease terms, excellent location, and a world class tenant. The asset makes for a compelling investment opportunity.

Tenancy

Tenant Overview

The tenant is one of world’s largest designers and manufactures of athletic and casual footwear, apparel and accessories. The company is leasing the asset to accommodate its fast growing India operations.

The brand has an extensive media presence and is a prolific sponsor of sports teams including Cricket, Football, F1, and athletics. The company has been in operation for more than 70 years and has a presence in 120 countries.

Monthly rent(₹/sqft)

₹ 52.2


Escalation on base rent

15% every 3 years


Security Deposit

6 Months


Floor Plan

Krrish Towers is a 15 storey building built to global standards. The opportunity is to acquire the Ground, First, and Eleventh to Fifteenth Floors of the property along with 76 car parks. The floor plates of Krrish Towers have an efficient layout with elevators, stairs, and services in two corners.

75,763 sqft

Total Opportunity Space

Price

Gross Purchase Price

₹ 56,06,46,200


Registration & Stamp duty

None


Acquisition Fee(one time)

₹ 1,68,19,386


Legal Fees

6 Months


Reserves (refunded on sale)

6 Months


Net Purchase Price

₹ 58,75,00,000


Location

The asset is located in Mahadevpura, just off the Outer Ring Road (ORR), and the ITPL main road. Thanks to the proximity of major roads, the asset has excellent connectivity to the rest of Bengaluru.

The upcoming Mahadevapura metro station is within walking distance of the asset and is expected to be completed in 2023. The metro line will significantly reduce commuting times to the asset, making it more attractive to tenants.

The area is home to several MNCs including Accenture, Amazon, Hewlett Packard, Dell, EY, Capgemini, etc.

Airport


Kempegowda International Airport

40 km

Highways


NH 44 | Outer Ring Road (ORR)

0.5 kms


NH 75

3.5 kms

Railway Station


KR Puram

7 km

Upcoming Metro Station


Mahadevpura

0.3 km

This is a rare find. Opportunity usually finished within 2-3 Days

₹ 58.75 Cr

/ ₹ 58.75 Cr

Investment Raised

Asset Closed

Investors are getting Monthly Rental & Capital appreciation

Not able to decide yet?Schedule 30 Min Consultation

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