Leased Office Space, Nallurhalli, EPIP Zone,Whitefield,Bangalore
This property offers lucrative yield & low ticket size coupled with high safety factors of location,developer brand and tenant brand. Thus predictable and stable long term cashflows.
Located in whitefield,EPIP zone,East Bangalore: This portion for sale is part of a large Grade A Tech park. The property is surrounded by marquee names and tech spaces of Fortune 500 IT Companies. The upcoming metro station is at a walkable distance from the site. Apart from tech space,the tech park is connected through wide roads to high and premium residential localities,social and recreational hubs,malls and many educational institutes.
The project has multiple connectivity to various parts of Easter localities. Brookfield-ITPL Road connects the tech park to ORR-Marathalli Junction. Whitefield-Varthur road connects the tech park to residential and recreation zone of whitefield and Varthur. Last but not the least another 60 feet road connects the tech park to ITPL-Whitefield road. Within a radius of 2.5km various hotels like Fortune,Marriot,Taj and aloft can be easily accessed. Hospitals like Satyasai and Vydehi and Malls like inorbit,Phoenix and VR spans within just 1.5 km radius.
Whitefield market has already witnessed gross leasing of 4 Mn sqft during 2020. With metro infrastructure work at the fag end of completion, Whitefield is witnessing flurry of pre-leasing commitments of roughly 2 million sqft in 2021.
Q1 and Q2 witnessed absorption of 0.7 and 1.6 million sqft an increase by 50 % q-o-q.
Post completion of metro infrastructure, Whitefield is expected to peak at 50 % absorption share in the overall market.
20 – 25 % increase in rents post Q2 2022. At Rs 62.5 /sqft / Month , this post increase rental value would still remain way below psychological 1 $ rent of Rs 75 / Sqft / Month.
Property price appreciation of 10-15 % along the Metro Corridor and 20 – 25 % more residential supply.