Purva Gainz

29,759.15 SFT
Hosur Road, Bengaluru
Browse properties
  • Rs. 20 lakhs
    Min. Investment
  • 8.85%
    Avg. Rental Yield
  • 14.7%
    Target IRR
  • 1.86x
    Multiple
  • Rs. 6,800
    Gross Price/SFT
  • Active
    Status
Funded Rs. 14,85,00,000
Of Rs. 22,15,00,000 Property Value
  • 67%
    Funded
  • 59
    Investors
  • 40
    Days left

ABOUT
LOCATION
TENANCY
FLOOR PLAN
PRICE
CALCULATOR
About the property

Purva Gainz is an 8 storey, Grade A office building on Hosur road, Bengaluru. Built in 2012 by the Puravankara group, the building is located on the national highway and close to the heart of one of Bengaluru’s oldest IT hubs - Electronic City. Other tenants in the property are Home Credit and Envision Financial Systems.

About the builder

A renowned player in the real estate space, Puravankara was founded in 1975 and has completed over 23 million square feet of properties across both residential and commercial projects. The company has a significant presence across southern India and in Sri Lanka, Dubai, and Saudi Arabia.

LOCATION HIGHLIGHTS

The property is located on Hosur Road which is part of NH 44. The building is easily accessible from residential areas in South Bangalore as well as Electronic City, a key criteria for companies that plan for long term tenancies.

Nearby

Airport

Kempegowda International Airport

KIAL Rd, Devanahalli, Bengaluru

51 km

Metro

Hosa Road Metro (upcoming)

Hosur Road, Bengaluru

0.40 km

Basapura Metro

Hosur Road, Bengaluru

0.60 km

Hospital

Ramakrishna Smart Hospital

Electronic City, Bengaluru

1.6 km

Springleaf Hospital

Hosur Main Road, Bengaluru

1.8 km

Hotel

The Crown Plaza

Electronic City, Bengaluru

2.2 km

Zone by the Park

Electronic City Phase 1, Bengaluru

3.2 km

Lease Structure
Trelleborg signed a 9 year lease period which began in June 2015. In 2018, the company renewed its lease for another 3 + 3 years.
Lease Start date
Jun '15
Current Date
Jan '20
Lock-in End Date
Feb '22
Lease End Date
June '24
Tenant Overview

Trelleborg

Market Cap: USD 4.9 Billion

Office: 51 countries

Global Employees: 24,000+

Description:
Trelleborg Sealing Solutions India is a subsidiary of Trelleborg Group, a century-old Swedish industrial polymer firm with over 24,000 employees across 51 countries. The Indian unit has customers in segments such as Aerospace, Automotive, Railways, Industrial applications, Power, Agriculture, and Healthcare.

The company has three manufacturing facilities in Karnataka (the latest one opened in April 2019). One of the units is located next to Purva Gainz itself. The multiple investments made by the company points to a commitment towards its Indian business

Lease Commencement

June 2015

Monthly rent (Rs./SFT)

Rs. 47.65

Escalation %

5% p.a

Security Deposit

Rs. 1,16,65,650

Lease Term

3+3+3 years

Lock-in Period

2 years

Lock-in Ends

February 2022

Floor plan
Strata’s investment opportunity measures 29,759.15 sft and comprises of the entire 8th floor of the building.

total

29,759.15

square feet

ALL-IN-PRICE BREAKUP

Purchase Price

Rs. 20,23,62,220

Stamp Duty

Rs. 1,13,32,284

Registration

Rs. 20,23,622

Acquisition Fee(one time)

Rs. 40,47,244

Legal Fee

Rs. 10,00,000

Reserve(refunded on sale)

Rs. 7,34,629

All in price

Rs. 22,15,00,000

RETURNS & FINANCIAL MODEL

Please insert investment amount and toggle with the appreciation rate.

Twenty 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