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Sky Vista Viman Nagar cover image
Sky Vista
Viman Nagar, Pune
Sky Vista Viman Nagar big hero
something

5+

Sky Vista

Viman Nagar , Pune

Resale

Bids
Ask

Bid/ ask

You can now place both Bids and Offers with Property Share.

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

8.5%

HIGH RENTAL YIELD

16.9%

HIGH RETURNS

15 month

LOW RISK

BBD

MNC TENANT

Investment Returns

Investment Amount

Tenant Details

Name

Barone, Budge and Dominick (BBD)

Country

South Africa

Description

A provider of custom software development and application design solutions, BBD's 33 years of technical and developer expertise spans the banking, insurance, telecommunications, education and public sectors. Employing over 700 highly skilled, motivated and experienced IT professionals - BBD is South Africa's largest independent custom software development company.

Time Period

Lease Start Date

01 Aug 2016

Lock-in Period

3 YEARS

Lease End Date

31 Jul 2025

Tenant Highlights

8,944 SF

Total Area

₹88

Rent Per SF

9 YEARS

Lease Period

5%

Escalation

Property Pricing

₹ 12,00,00,000

₹ 72,00,000

₹ 30,000

₹ 5,00,000

₹ 24,00,000

₹ 6,70,000

Location Highlights

Sky Vista is strategically located in Viman Nagar, close to the Pune Airport, Phoenix Market City, Inorbit Mall, Hyatt, Ritz Carlton and Sheraton Hotels and campuses of IBM, Deutsche Bank, Mastercard, HSBC, Concentrix, CLSA, E&Y among others.

Floor Plan

Property Share’s unit is located on the 7th floor and leased to BBD, a South African technology company.

Sky Vista Viman Nagar floor plan

Investment Overview

There is an opportunity to purchase a 8,944 square feet high-end commercial office leased to a South African tech company in Lunkad Sky Vista, Pune for an all-in cost of Rs. 13,08,00,000 (Rs. 13,417 per sf) which implies a 8.5% yield.

Developed by the Lunkad Group, Sky Vista is a 130,000 sf boutique office building located in prime Viman Nagar and tenanted to multinational tenants like GE, Voxeljet, Cavotec, Regus, Kyocera among others.

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

Webinar

Key Updates

11-Jun-2018

MOU signed

12-Jun-2018

Listing opened

Reports

Investment Note

A detailed investment note on the property by our Investment Team

Legal Title Report

A detailed report on the title by our lawyers Cyril Amarchand Mangaldas