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Umiya Business Bay I Outer Ring Road cover image
Umiya Business Bay I
Outer Ring Road, Bangalore
Umiya Business Bay I Outer Ring Road big hero
something

3+

Umiya Business Bay I

Outer Ring Road , Bangalore

Fully Funded

* Min. Investment 10 lakhs

Monthy Rent

₹7,500

Ownership

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%

GROSS RENTAL YIELD

15%

ESCALATION

₹ 9,115

ATTRACTIVE PRICE

IT Corridor

LOCATION

Investment Returns

Investment Amount

Tenant Details

Name

Simeio Solutions

Country

USA

Description

Simeio Solutions is a unique strategic partner offering a comprehensive suite of enterprise Identity and Access Management (IAM) resources designed to provide a fully integrated solution that meets the specific needs of clients. Simeio's services include managed services (both on-premise and remotely managed), business-ready IAM cloud, and professional services that ensure on-target, smooth and cost-effective system design and implementation.

Time Period

Lease Start Date

15 Apr 2017

Lock-in Period

3 YEARS

Lease End Date

14 Apr 2026

Tenant Highlights

6,000 SF

Total Area

₹65

Rent Per SF

9 YEARS

Lease Period

15%

Escalation

Property Pricing

₹ 1,75,50,000

₹ 8,95,050

₹ 4,03,650

₹ 1,75,500

₹ 87,750

₹ 50,000

₹ 5,94,300

Location Highlights

Sarjapur ORR is the largest office market in Bangalore (40 million sf, 35% of total Bangalore market) with offices of JP Morgan, CISCO, Accenture, Cognizant, Wipro, Oracle, Intel, Honeywell, SAP, HSBC, KPMG, ADOBE, Sony, Goldman Sachs, Flipkart  among others.

Floor Plan

Well laid out floor divisible into 4 separate office with lifts in the middle and bathrooms in the four corners.

Umiya Business Bay I Outer Ring Road floor plan

Investment Overview

There is an opportunity to purchase a 1,950 square feet commercial office space in Umiya Business Bay II within the Cessna Business Park on Sarjapur Outer Ring Road, Bangalore for an all-in cost of Rs. 2,00,00,000 (Rs. 10,256 per sf).

Umiya Business Bay is an office development comprising two towers - Business Bay 1 and Business Bay 2. Business Bay 1 was completed in 2014 and is currently 100% leased to blue chip tenants like AT&T, Ericsson, Page Industries and Amazon. Business Bay 2 has just received the Occupation Certifcate and is 90% leased.

Sarjapur ORR is the single largest office market in India with 40 million sf of office space in a 4 km stretch with headquarters of CISCO, Goldman Sachs, HSBC, Northern Trust, GE Honeywell, SONY, LG, InMobi, Flipkart among others. There is currently only two other projects with potential supply - Embassy Tech Village and RMZ Ecoworld most of which has already been pre-leased.

Rents on Sarjapur ORR have increased at a CAGR of 10% over the last 9 years from Rs. 30 per square foot to Rs. 65 per square foot.

At the price negotiated by Property Share, the gross rental yield works out to 9.2% with 15% escalation every 3 years.

Key Updates

12-Dec-2016

MOU Signed

14-Dec-2016

Funding Opened

Reports

Investment Note

Investment Note would be provided on request.

Legal Title Report

Title Report would be available after due diligence is completed.