• IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
  • IBC Knowledge Park III
PER SQUARE FEET
  • 125
  • Tenanted Tenanted
  • Metro Metro
39,443 SF
Bannerghatta Road, bangalore
  • MIN INVESTMENT
  • NO OF INVESTORS
  • RENTAL YIELD
  • RETURN TARGET
  • 100%
Of ₹ 50,00,00,000 Property Value
  • IBC Knowledge Park - Investment Case: Listen to Kunal Moktan, Property Share Co-founder & Chief Investment Officer, speak about how the location, returns, purchase price and quality of the tenant make this property an excellent investment opportunity.

    • HIGH RENTAL YIELD on All-in Price
    • HIGH RETURNS IRR
    • ATTRACTIVE PRICE Per square foot
    • Location 2 upcoming stations
  • There is an opportunity to purchase a 39,443 square feet floor in IBC Knowledge Park, Bangalore tenanted to Netcracker (owned by NEC Technologies, a Fortune 500 company) for an all-in cost of Rs. 50,00,00,000 (Rs. 11,500 per sf) implying a 9.11% yield for pre book investors and 18.14% IRR.

    IBC is a 2 mn sf Grade A office park in South Bangalore with a blue-chip tenant roster including Accenture, LG, Byju’s, Swiggy among others. It is located at the start of Bannerghatta Road, close to the dense residential hubs of Koramangala, Jayanagar and JP Nagar. The property is within walking distance of 2 metro stations on the Red Line which is currently under-construction and estimated to be completed by 2022 which is well within the hold period of investment.

    Property Share’s floor is leased to IT products and services major Netcracker (owned by NEC Technologies, a Fortune 500 company).

    We believe the pricing, location (upcoming metro line), rental yield and quality of the development will lead to significant upside over the next 4-5 years.

    • 100%
      INVESTMENT AMOUNT
    • 45%
      RENTS
    • 1%
      INTEREST ON DEPOSIT
    • 61%
      PROFIT ON SALE
    • 207%
      TOTAL
    Return Target : 18.1%
  • ₹ 50,00,00,000
    • Purchase Price
    • Capex
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    • Purchase Price
    • Capex
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    All in price

IBC is a 2 mn sf Grade A office park in South Bangalore with a blue-chip tenant roster including Accenture, LG, Byju’s, Swiggy among others. It is located at the start of Bannerghatta Road, close to the dense residential hubs of Koramangala, Jayanagar and JP Nagar.

The project is spread over 4 towers. Proposed unit is in Tower D on the 10th Floor.

  • ₹ 50,00,00,000
    • Purchase Price
    • Capex
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    • Purchase Price
    • Capex
    • Stamp duty
    • Brokerage
    • Legal fee
    • Reserves
    All in price
  • ₹37,93,804
    gross rent
  • ₹4,16,667
    property management fee
  • ₹33,77,137
    net rent
Annual Yield : 9.1%
  • 31 Mar 2016
  • 3 YEARS
  • 31 Mar 2021
  • 39,443 SF
  • ₹ 83
  • 5 YEARS
  • 5%

TENANT DETAILS

Name : NEC Technologies

Country : Japan

Office Locations : Worldwide offices

Description : NEC is a Japanese Fortune 500 company that provides information technology (IT) services and products. It has over 109,000 employees across 168 offices worldwide with revenue of c. US$ 26.9 bn. Netcracker Technology India is a wholly owned subsidiary of NEC Technologies.

  • 9.11% Yield
  • Highest rental yield on the platform
  • Rents increase by 5% every year
  • Excellent Location
  • Located within walking distance of 2 metro stations (2022 completion)
  • The building has less than 2% vacancy
  • At a 10% CAGR on exit, the returns are 18.14% and 2.07x.
  • The Redline of the upcoming metro is at the doorstep of the park
  • Tenanted to Netcracker, owned by NEC, a Fortune 500 company.
DAY 0 Year 1 Year 2 Year 3 Year 4 Year 5
Investment (50,00,00,000) - - - - -
Rents - 3,92,19,294 4,11,80,259 4,32,39,272 4,54,01,235 4,76,71,297
Rent Top-up - 50,00,000 - - - -
Interest on Deposit - 13,06,354 13,06,354 13,06,354 13,06,354 13,06,354
Sale Value - - - - - 80,52,55,000
TOTAL ₹ (50,00,00,000) ₹ 4,55,25,648 ₹ 4,24,86,613 ₹ 4,45,45,626 ₹ 4,67,07,589 ₹ 85,42,32,651
  • Property Share's Detailed Investment Note
  • Detailed Report on the Title diligence of the property by Amarchand Mangaldas
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Price Negotiated

17-Sep-2019
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Private Listing Live

19-Sep-2019
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Listing Live

30-Sep-2019