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hBits, a leading fractional ownership platform, announced the launch of its new asset – ‘Trillion Dollar MNC’ in Building Number 1 (2nd Floor), Commerzone, Yerwada, Pune. The asset is worth INR 62.97 crore and aims to offer a five-year average rental yield of 8.54%.
The newly launched asset spans across a chargeable area of 40,000 sq ft. having been leased for a period of five years to a US listed multinational giant. The rental inflow and purchase price of the asset offers an entry yield of 8.75% and an expected internal rate of return of 14.53%.
As a part of the Eastern Secondary Business District, Yerwada has emerged as one of the most established micro markets in Pune. Commerzone is the most sought-after office space, with close proximity to metro station, railway station, airport as well as malls. The property is part of a 25.7 acres commercial campus, primarily occupied by prestigious tenants from the technology, engineering, manufacturing, and financial services industries. The campus has garnered numerous awards and recognitions, including the Sword of Honor and Five Star Rating from the British Safety Council, OHSAS 45001 Certification, and the title of ‘Best Commercial Business Park’ by Realty Plus Conclave.
hBits Founder & CEO, Shiv Parekh said, “Driven by robust regulatory policies and strong infrastructure development, our country is witnessing a significant uptick in leasing activity, and Pune is of the top cities experiencing this surge. Our new asset comes at a strategic time as the city experiences a robust demand for office spaces, making it an attractive investment opportunity for those looking for long term returns. We remain committed to democratizing real estate investment in India and by further harnessing the potential of SM REIT regulations, we will continue to provide investors the access to high-quality, Grade A commercial assets that were once an exclusive domain of larger investors.”
Through its innovative and strategic approach, hBits has set a benchmark in India's real estate sector by successfully exiting a property with an industry-leading IRR of 17.54%. With over three and a half decades of experience in commercial real estate, hBits orchestrated this notable exit for its inaugural asset, 32 Der Deutsche Parkz.
