₹6.48 Cr
Investment Size
Bangalore
LocationPreleased Retail property, Whitefield Main Road, Bangalore
Why invest in this opportunity
Support office and retail scenario is very buoyant in whitefield. This opportunity is to invest in this sub segment with limited supply.
Accessibility and Location
The property is on the 100 feet whitefield main road and close to hope farm junction. Metro station is just 600 meters away. Mariott – 1 KM, ITPL & Taj – 1 km. Nexus Shantiniketan -4.5 km, Phoenix market city: 8.7 km ; BIAL: 35 Kms ; Kadugodi tree park metro station: 1.1 km ; Manipal hospital – 4.4 Km.
Market and Asset class performance
Office activity picked up after subdued last year. Average lease rentals have increased from 55 to 62 Rs/Sqft.
Expected Growth Scenario
•Hope farm is the modern whitefield with beautiful buildings and retails space. Grade A+ Office space is being launched from the top developers. •We expected office leasing to pick up and rentals to increase by 7-10 % after the completion of Metro connectivity. Land and office unit prices have increased from 7000 per sqft to 12,000 per sqft in last 2 years. •Luxury to Premium residential units by large developers like Prestige Park grove, Godrej Woodscapes, Assetz and Sumadura group will add over 10,000 units in coming few years thus increasing enquiries from retailers and support offices
