Brigade Metropolis Summit A

22,540 SFT
Whitefield, Bangalore
Browse properties
  • Rs. 10 lakhs
    Min. Investment
  • 8.76%
    Rental Yield
  • 18%
    Return Target
  • 2.09x
    Multiple
  • Rs. 8,607
    Price/SFT
  • Closed
    Status
Funded Rs. 19,40,00,000
Of Rs. 19,40,00,000 Property Value
  • 100%
    Funded

ABOUT
LOCATION
TENANCY
FLOOR PLAN
PRICE
About the property

Brigade Metropolis is a mixed-use development in Whitefield, Bangalore. It consists of 1500+ residential apartments, a retail block, and commercial office spaces. The property has blue-chip tenants including E&Y, Honeywell, GE, and EYGBS India. It was developed by the Brigade Group, one of the leading property developers in South India.

The Commercial part of the development is Tower A and Tower B which consists of over 7.5 lakhs sft of Grade A Commercial Property. The Investment opportunity is the third floor in Tower A (22540 sft) occupied by Capgemini, a Fortune 200 company. The per square foot cost of the property is approximately INR 8607/sft with a rental yield of 8.76% and an IRR of 18%.

LOCATION HIGHLIGHTS

The property is located on the Whitefield main road, in one of the fastest growing residential and IT hubs in Bangalore. The property is situated close to an upcoming metro station which is expected to open in 2021. It also has extensive city bus connectivity.

Nearby

Airport

Kempegowda International Airport

KIAL Rd, Devanahalli, Bengaluru

37.7 km

Metro

Garudachar Palya Metro (upcoming)

Mahadevapura, Bengaluru

0.01 km

Baiyappanahalli Metro

Sadanandanagar, Bengaluru

7 km

Shopping mall

Phoenix Marketcity

Whitefield Main Rd, Mahadevpura, Bengaluru

1.6 km

VR Bengaluru

Whitefield Main Rd, Mahadevpura, Bengaluru

1.6 km

Hotel

The Zuri Whitefield

ITPL Main Rd, Bengaluru

4.6 km

Marriott Hotel

EPIP Zone, Whitefield, Bengaluru

5.9 km

Lease Structure
It is a 3 year lease with an extension of another 3 years and was signed in August 2019.
Lease Start date
Aug '19
Current Date
Sep/Oct '19
Lock-in End Date
Feb '21
Lease End Date
Aug '22
Tenant Overview

Capgemini

Market Cap: USD 16.5 Billion

Office: 40 countries

Global Employees: 2,00,000

Indian Employees: 1,00,000+

Description:
Capgemini is a French multinational company which provides a range of services including consulting, information technology, and tech outsourcing. It has over 2 million employees of whom 1 million are in India. The company has leased the entire Tower A (2,86,000 sft) and two floors of the Tower B in Brigade Metropolis.

Lease Commencement

August 2019

Monthly rent (Rs./SFT)

Rs. 58.54

Escalation%

5% p.a

Security Deposit

Rs. 1,58,33,900

Lease Term

3+3 years

Lock-in Period

1.5 years

Lock-in Ends

February 2021

Floor plan
Each tower spans 13 floors (2B +G+12) and measure 2,86,000 sqft. Strata's investment opportunity is located on the 3rd Floor of Tower A measuring about 22,540 sft of office space and is completely leased to Capgemini.

total

22,540

square feet

Master plan of the property

total

36

acres

ALL-IN-PRICE BREAKUP

Purchase Price

Rs. 18,59,55,000

Stamp Duty

Rs. 4,64,888

Acquisition Fee(one time)

Rs. 37,19,100

Brokerage

Rs. 18,59,550

Legal Fee

Rs. 10,00,000

Reserve(refunded on sale)

Rs. 10,01,462

All in price

Rs. 19,40,00,000

RETURNS & FINANCIAL MODEL

Please insert investment amount and toggle with the appreciation rate.

Ten lakh

Appreciation rate

0%
  • Rs.24,81,20,789
    Profit Amount
  • Rs.400
    Sale Price /SFT
  • 2.4x
    Multiple
  • 21%
    IRR
Day 0 Year 1 Year 2 Year 3 Year 4 Year 5 Total
Total Investment (10,00,000) - - - - - (10,00,000)
Rental Income - 0.0 0.0 0.0 0.0 0.0 0.0
Interest on deposit - 0.0 0.0 0.0 0.0 0.0 0.0
Sale Value - - - - - 0.0 0.0
Management fee - (0.0) (0.0) (0.0) (0.0) (0.0) (0.0)
Total Rs.(10,00,000) Rs.0.0 Rs.0.0 Rs.0.0 Rs.0.0 Rs.0.0 Rs.0.0