Purva Gainz Commercial Property on Hosur Road Bangalore
Purva Gainz is a Grade-A commercial office space development under construction on Hosur road, near electronic city. The iconic location of the property combined with the flexibility of leasing it to both IT and ITES tenants as well as non-IT tenants makes this a wise investment proposition for those who are looking at building a long term rental income for themselves.
Commercial Outlook: The net absorption in 2013 was noted at over 1.5 MSF, nearly 27% up from the previous quarter. Over 72% was seen in Grade-A properties.
The peripheral submarkets of ORR and Electronic city will continue to remain the preferred occupier destination, considering the concentration of pre-commitments in this location.
Salient Features of Purva Gainz:
Saleable blocks of 650 sq.ft on offer
Clients can choose to buy office space in multiple of 650 sq.ft on a particular floor.
Post purchase of salable blocks, the space can be leased out to a tenant either by Purva or the owners association. The rentals received shall be shared proportionately with all the owners of the blocks on a particular floor.
Pricing: Customers will have to buy a minimum 1 block of 650 sq.ft at a price of 40 lacs.
At Bangalore Nest, we HIGHLY recommend to have this in your basket of investments. The project is decked with high end specs matching any Grade-A property and it's hard to find such investment options for retail customers.
Pre launch bookings are open, please drop a line to us or send us your query through the form on this page.
Update 25th Oct-14 - We are back from the launch event of Purva Gainz at Leela Palace, Bangalore. Here’s more info on the project
Base prices start from 4750 to 5250 PSF, Car park charges of 3.5 lacs for every 650 sq.ft and warm shell charges of 350 PSF.
- The first 2 floors are already sold to MNC
- Expected rent is 34 RS PSF. 1300 sq.ft unit will yield an average rent of 45000 PM
- Purva will contract the property from buyers on lease with the right to sub-lease. All tenant leases will be handled by Purva.
- Purva charges 10% of the rent for lease services. e.g if 50 PSF is the rent, and say 5 PSF is maintenance, 10% of 45 rs will be charged as lease services
- Under T & C. Purva will ensure a minimum of 18 PSF as rent
- To ensure buyers confidence, Purva will not exit the property and will retain 2000 sq.ft on every floor.
- If investors are not happy with Purva leasing, owners association can take over the leasing.
- If a client wants to sell the property, a 2% transfer fee is applicable.
- Gainz is tax efficient property, Service Tax is only paid on registration value and not on construction.
- Clients will have to raise an invoice to Purva for the rent, this should include service tax. Pure will create a help desk to assist in service tax filing.
- Loans are approved by major banks.
Reach us for the best negotiated price or group bookings..!
*Prices are subject to change constantly depending on the availability.
Get a Deal NOW..!
Benefits of Booking a Property through Bangalore Nest
We'll make your life easier once you finalize a Project & Preferred Unit
- WE DONT CHARGE ANY CONSULTING or SERVCE FEE
- Our Customers get an iPad Air or equalling worth gadget / vouchers of your choice.
- Guaranteed Best Negotiated Price
- Home Loan Processing Fee Waiver*
- Assistance in Documentation
- Home Loan Assistance with options from Multiple Banks & Door Service of Documents and Cheques
- Terms and Conditions Apply, Please reach us for more details.