FlexiProps Office Opportunity - Bengaluru

•  Capital Appreciation is estimated at 7.50% per year
  
• Assumed indexation rate at 5%
•  Interest on Security Deposits, Reserves & Advance CAM and Property Tax is assumed at 6.50%  per year as per prevailing market rates
• CAM and Property Tax are borne by the Licensor Rent is assumed to start from 1st April 2024 (Year 1)
•  Property Tax and CAM is collected for 5 years in advance and is considered as part of the Total Acquisition Cost
•  Net Cash Flow is net of Performance Fees, Capital Gains Tax, and Management Fees
   Performance Fees is calculated after deducting management fees
•  The asset will be held for more than 3 years and CCDs will be converted to equity shares before transfer as equity shares ​​
  

Particulars Amount:
       -  Amount Invested (INR)  54,72,76,000
       - Ownership (%)   100.00%
       - Expected Annual Capital Appreciation (1)  7.50% Exit Year 5
       - Sale Price (INR) 785,685,475
       - No.of Square Feet Bought    24,816
       - Annual Indexation Rate (2)  5.00%
       - Management Fee 1.00%
       - Interest on Security Deposits & Reserves (per Year) (3) 6.50%

Property Details:

• Our Japanese Auto Giant Opportunity has already achieved 40% funding.
​• An ideal opportunity to invest in the CBD area of Bengaluru city

• Vaswani Centropolis is a Grade-A Commercial building that offers spacious and skillfully designed commercial office space
• The building is located at the heart of Bengaluru city on Langford Road
• The project is well-equipped with modern amenities and has excellent connectivity by road, metro, and railways
• Total occupancy in the building since inception is over 99%
• The Ready Reckoner / Circle Rate for this asset is INR 21,400

ROI:

• Entry yield : 9%* (Including rental top-up)
  
• Gross Average Yield : 8.5%
  
• Gross Expected XIRR : 15.6%*

​Tenant Highlights
▪ Over 86+ years of industry experience
▪ 375,235 skilled professionals
▪ USD 270.5 billion in revenue
▪ 898,947 units of automobile sales (FY-2023)​