Purva Gainz Commercial Property on Hosur Road Bangalore

Published on Sept 6th -2014
Purva Gainz Bangalore Commercial Space buy
Project Overview : Purva is pleased to announce Purva Gainz the ' first of a kind' commercial office space offering. Through this product, an investor can invest in a Grade - A commercial space for as low as 40 lacs and earn rental income.

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.

It's important to note that clients investing in Purva Gainz is solely for rental income and NOT SELF Occupancy or leasing on their own.
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.

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