₹14.63 Cr
Investment Size
6.34%
Entry Yield
11%
Expected IRR
Bangalore
LocationPre-Leased Commercial space, Outer Ring Road, Bangalore
Why invest in this opportunity
This project is located on Outer Ring Road, Bangalore which is the "Strongest lease market" in the country where the lease starts with Rs. 80 Per sqft. to Rs.106 Per sqft. There is a steady uptake of space, low-vacancy rate and steady growth in this market. A confident market for growth and returns.
Accessibility and Location
The project is located on ORR, which is one of the largest hubs of IT companies and very close to the upcoming metro station, malls, hospitals and other residential projects.
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
We expect 12-15% growth year-on-year for property rates driven by Low vacancies and rising rental rates. Top quality development rates have reached over Rs.106 Per sqft while mid-level is around 80-82 Rs. /Per sqft.
