LEASED HIGH STREET RETAIL SPACE, VARTHUR MAIN ROAD, WHITEFIELD
The opportunity is to invest in a High street retail space located in a Mix development ultra luxurious project on Varthur Road, Whitefield. This property is an ecosystem of uber luxury residential, bespoke offices and premium high street with a unique mix of brands which caters to requirement of niche premium segment.
The property is in south-eastern Bangalore between old-airport road and sarjapura road. It is very close to ITPB. It has a good accessibility to other parts of the city and has good neighborhood of premium residential developments, retail, and other facilities. Metro will be commissioned in this micro-market in 2022, this will further improve the attractiveness of this location.
The presence of rich and premium residential neighbourhood in the vicinity is a big enabler for this high street retail place to be occupied all-round the year.
This micro-market will continue to remain hub of IT companies in Bangalore. Post commencement of metro in 2022, this micro-market will witness spike in real estate activities. The average annual absorption is expected to be around 2 million sqft from 2022 onwards. The rentals will appreciate at least at 5% annually in medium term.