₹10.56 Cr
Investment Size
6.74%
Entry Yield
11%
Expected IRR
Bangalore
LocationPreleased Commercial space, Bellandur, Bangalore
Why invest in this opportunity
This project is strategically located at the intersection of the outer ring road (ORR) and Sarjapura micro market. This is entirely leased to a leading managed office space provider, for a total tenure of 9 years. The asset offered has great micro market fundamentals, attractive lease terms and marquee tenants as well.
Accessibility and Location
Outer ring road is the largest IT hub of Bangalore while sarjapura micro market is having negligible vacancy rate. This property is located strategically at the intersection of both the markets. Proximity to upcoming metro station and the ORR, the development has excellent connectivity.
Market and Asset class performance
As per the Mordor intelligence, the India Flexible Office Space Market size is estimated at USD 2.15 billion in 2024, and is expected to reach USD 3.04 billion by 2029, growing at a CAGR of 7.05% during the forecast period (2024-2029).
Expected Growth Scenario
The market for flex spaces will grow from 55mn sq.ft to 100-140 msf by 2030 as demand for coworking facilities will be top choices of industry professionals.
