TM Towers Bangalore
❮
❯
₹20 Lakh
Min. Investment
8.2%
First-Year Rental
13%
Targeted IRR
NRO
Invest via
This is a rare find. Opportunity usually finished within 2-3 Days
Investment & Return
How can an investor exit?
Investor can exit in various ways
- In secondary market to an existing investor of this property or a new investor.
- Through partner’s family office or AIF.
- 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
1 year
Exit Load
Minimal (decided on case-to-case basis)
Why Invest ?
Major Business Hub
Located in prominent business areas with more than 25 MNCs or companies like Accenture, Wipro, Infosys, Flipkart, Mcafee, Robert Bosch and more
Reputed Tenant
Property leased to Bhive Workspace - managing 16,500+ seater office spaces in 16 locations in Bangalore
High Capital Appreciation
One of the most sought after residential and commercial area in Bangalore. In April’22, similar property was bought by a family office at Rs. 55,000+ per sq. ft.
Flexible payment
Pay 1% now (100% refundable) to book your portion, rest 99% to be paid after 3 months
Overview
Offering a premium pre-leased commercial property located in Koramangala 100Ft. Road, Bangalore. The asset spans ~22,000 sq ft with a seating capacity of 900 and is managed by BHIVE Workspace. The opportunity is an ideal long-term commercial investment opportunity. Located in prominent area surrounded by Billionaire’s Colony and well-connected with Indiranagar, MG Road, Outer Ring Road, Bellandur etc.
Tenancy
Tenant Overview
Bhive Workspace is the tenant – one of the oldest co-working brand in Bangalore operating spaces in more than 16 locations in Bangalore with 16,500+ seating capacity. Backed by one of the reputed venture capital funds – Blume Ventures.
Tenant lock-in: 7 years
Acquisition Details
Builtup Area (sq.ft)
22,385
Land Plot Area sq ft
9,600
Price Rs. p.sq ft on Builtup
15,635
Gross Price Rs.
350,000,000
Stamp Duty & Registration
21,780,000
Retailing Cost
10,500,000
Legal Costs
1,500,000
Property Tax
1,220,000
Total Price
INR 385,000,000
Location
TM towers Koramangala 4th Block, 100 feet road
