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IBC Knowledge Park III Bannerghatta Road cover image
IBC Knowledge Park III
Bannerghatta Road, Bangalore
IBC Knowledge Park III Bannerghatta Road big hero
something

3+

IBC Knowledge Park III

Bannerghatta Road , Bangalore

Fully Funded

* Min. Investment 25 lakhs

Monthy Rent

₹18,969

Ownership

0.5%

Bid/ ask

You can now place both Bids and Offers with PropShare capital.

Bids

A Bid is the price at which a given number of shares are available to buy.

Ask

An Offer is the price at which owned shares are available for sale.

Investment Highlights

9.11%

HIGH RENTAL YIELD

18.14%

HIGH RETURNS

Rs 11,500

ATTRACTIVE PRICE

METRO

Location

Investment Returns

Investment Amount

Tenant Details

Name

NEC Technologies

Country

Japan

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.

Time Period

Lease Start Date

31 Mar 2016

Lock-in Period

3 YEARS

Lease End Date

31 Mar 2021

Tenant Highlights

39,443 SF

Total Area

₹83

Rent Per SF

5 YEARS

Lease Period

5%

Escalation

Property Pricing

₹ 45,35,95,152

₹ 39,44,306

₹ 2,99,37,280

₹ 90,71,903

₹ 5,00,000

₹ 29,51,360

Location Highlights

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.

Floor Plan

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

IBC Knowledge Park III Bannerghatta Road floor plan

Investment Overview

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.

Webinar Update

Key Updates

17-Sep-2019

Price Negotiated

19-Sep-2019

Private Listing Live

30-Sep-2019

Listing Live

Reports

Investment Note

Property Share's Detailed Investment Note

Legal Title Report

Detailed Report on the Title diligence of the property by Amarchand Mangaldas