₹4.54 Cr
Investment Size
6.91%
Entry Yield
11%
Expected IRR
Bangalore
LocationGrade 'A' Leased Office Space, Whitefield, Bangalore
Why invest in this opportunity
This is an investment opportunity in a pre-leased tech park offering a 7.5% entry yield, strategically located near ITPL in Whitefield. The occupants of the park are involved in R&D, with over 43 test labs housed within the development. This project stands as the first LEED Platinum-certified research park, featuring 84% floor efficiency. It is also the first greenfield project to achieve a remarkable 54% energy savings and a 70% reduction in water usage, with a zero-discharge building design.
Accessibility and Location
The Property is Strategically located in the Whitefield IT Corridor just 8.5 kms ITPL. Multiple access via three major arterial roads: Old Madras Road/Whitefield Road/ proposed Peripheral Ring Road. It is also well connected by metro, rail and road ways. Express Highway to Bangalore International Airport further enhances accessibility. The property is Located Right in-between Bangalore-Tirupati Highway. Giving easy access to Hoskote.
Market and Asset class performance
Commercial property market in Whitefield remain rangebound going forward with the addition of new supply and infrastructural development of the vicinity has increased the property values by 52% averagely over the past five years in Whitefield. The rental rates in Whitefield has seen great improvement and there is a 2-3 % increase year-on-year.
Expected Growth Scenario
With Upcoming Residential and Commercial developments, Whitefield rentals are in a steady growth upwards over the past year. Metro connectivity, well planned access in and out of the area, connection to express highway and National highway further enhances the attractiveness for leasing and buying in this IT corridor of Whitefield.
