₹65.84 Cr
Investment Size
5.13%
Entry Yield
10%
Expected IRR
Bangalore
LocationPre-Leased Commercial Space, 3rd Block Koramangala
Why invest in this opportunity
This commercial property is located in the dynamic 3rd Block of Koramangala, a thriving hub for both startups and prominent corporate entities. The building has consistently attracted high-quality tenants, as reflected in the impressive track record of its current occupants, who have experienced significant growth during their tenure. With its Occupancy Certificate (OC) in place, this standalone property presents a highly appealing and sought-after investment opportunity.
Accessibility and Location
Koramangala 3rd Block stands as a prominent residential and commercial hub in South Bangalore. Adjacent to 1st, 2nd, KSRO, and ST Bed Layout, it benefits from excellent civic amenities. The presence of corporate giants like Toshiba and Flipkart further fuels the area's growth. Characterized by a vertical landscape dominated by multi-story buildings, Koramangala 3rd Block boasts prestigious residential projects like Embassy Tranquil, Raheja Residency, and Raheja Viveria, solidifying its position as a sought-after address in the city.
Market and Asset class performance
Standalone - Commercial spaces Market has been emerging as a Great investment Opportunity in the Bangalore Real-estate market over the past few years. With Rental yields ranging from 5 - 7.5% they have been sought after right next Grade - 'A' leased properties where the supply is a bottleneck. Koramangala 3rd block has various landmark standalone buildings which fetch great rentals. This Locality has seen a good and steady increase in rental rates year-on-year.
Expected Growth Scenario
Koramangala 3rd Block has significantly transformed for the better in the past few years. It has always been an attractive area for multistory standalone buildings and a sought after place for startups and office spaces due to its connectivity and landmark locations. With great retail rentals and office space rentals, the demand for office space and retail space are always on the higher side. Koramangala 3rd block is commercial area with landmark offices which further boost the value of land and property.
