Property Name

Purva Gainz

29,759.15 sft
Hosur Road, Bangalore
Rs. 20 Lakhs
Min. Investment
8.85%
Avg. Rental Yield
14.7%
Target IRR
Funded Rs. 18,85,00,000
Of Rs. 22,15,00,000 Property Value
1.8x
Multiple
Rs. 6800
Gross Price/SFT
Active
Status
85%
Funded
70
Investors
2
Days Left
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.

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.
 
 
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

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

29,759.15

total 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