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Outer Ring Road , Bangalore
10.00%
HIGH RENTAL YIELD
17.5%
HIGH RETURNS
₹10,600 psf
ATTRACTIVE PRICE
Outer Ring Road
LOCATION
Name
US-based Tech Company
Country
USA
Description
A customer service software and services company based in California with 18 global offices and 15,000+ employees.
Time Period
Lease Start Date
01 Apr 2023
Lock-in Period
7 YEARS
Lease End Date
01 Apr 2032
Tenant Highlights
1,71,402 SF
Total Area
₹96
Rent Per SF
9 YEARS
Lease Period
15%
Escalation
Name
multi spv test
Country
IN
Description
Time Period
Lease Start Date
20 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
30 Sep 2024
Tenant Highlights
43,535 SF
Total Area
₹71.47
Rent Per SF
0 YEARS
Lease Period
20%
Escalation
Name
Tata Steel
Country
IN
Description
Time Period
Lease Start Date
05 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
5,000 SF
Total Area
₹0.02
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
Accenture LTD
Country
IN
Description
Time Period
Lease Start Date
05 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Oct 2024
Tenant Highlights
23,432 SF
Total Area
₹0.13
Rent Per SF
0 YEARS
Lease Period
20%
Escalation
Name
trgeryt
Country
IN
Description
Time Period
Lease Start Date
10 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
5,100 SF
Total Area
₹15.61
Rent Per SF
0 YEARS
Lease Period
1%
Escalation
Name
man2achieve
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
30 Nov 2024
Tenant Highlights
10,000 SF
Total Area
₹2
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
man2Achieve1
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
30 Nov 2024
Tenant Highlights
1,000 SF
Total Area
₹20
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
mahi tech
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
30 Nov 2024
Tenant Highlights
1,000 SF
Total Area
₹10
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
highlight escalation date
Country
IN
Description
Time Period
Lease Start Date
01 Sep 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
2,000 SF
Total Area
₹610
Rent Per SF
0 YEARS
Lease Period
1%
Escalation
Name
rent escalation
Country
IN
Description
Time Period
Lease Start Date
01 Jan 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
8,500 SF
Total Area
₹58.82
Rent Per SF
1 YEARS
Lease Period
1%
Escalation
Name
test esc amount
Country
IN
Description
Time Period
Lease Start Date
01 Jul 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2025
Tenant Highlights
12,000 SF
Total Area
₹41.67
Rent Per SF
1 YEARS
Lease Period
10%
Escalation
Name
Multiple SPV Tenant
Country
IN
Description
Time Period
Lease Start Date
22 Jul 2024
Lock-in Period
1 YEARS
Lease End Date
22 Jul 2027
Tenant Highlights
2,800 SF
Total Area
₹124.11
Rent Per SF
3 YEARS
Lease Period
5%
Escalation
Name
rent escalation tomorrow
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
6,500 SF
Total Area
₹30.77
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
escalation day after tomorrow
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
6,46,855 SF
Total Area
₹0.31
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
current rent populate
Country
IN
Description
Time Period
Lease Start Date
01 Jun 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
2,000 SF
Total Area
₹250
Rent Per SF
0 YEARS
Lease Period
20%
Escalation
Name
starting and current rent
Country
IN
Description
Time Period
Lease Start Date
01 Jul 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
2,000 SF
Total Area
₹250
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
asus limited
Country
IN
Description
Time Period
Lease Start Date
17 Jan 2021
Lock-in Period
3 YEARS
Lease End Date
17 Dec 2026
Tenant Highlights
10,000 SF
Total Area
₹21.5
Rent Per SF
5 YEARS
Lease Period
10%
Escalation
Name
test
Country
IN
Description
Time Period
Lease Start Date
01 Jan 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
6,456 SF
Total Area
₹100.68
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
escalation re-open re-test
Country
IN
Description
Time Period
Lease Start Date
01 Jan 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
5,656 SF
Total Area
₹176.8
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
Central Depository Services Limited
Country
IN
Description
Time Period
Lease Start Date
01 Jun 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
1,212 SF
Total Area
₹495.05
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
uhyerh
Country
IN
Description
Time Period
Lease Start Date
01 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2024
Tenant Highlights
6,565 SF
Total Area
₹15.23
Rent Per SF
0 YEARS
Lease Period
10%
Escalation
Name
The Wonderful Ice Cream
Country
IN
Description
Time Period
Lease Start Date
01 Jan 2025
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2026
Tenant Highlights
50,000 SF
Total Area
₹8
Rent Per SF
1 YEARS
Lease Period
10%
Escalation
Name
Multiple SPV Tenant
Country
IN
Description
Time Period
Lease Start Date
22 Jul 2024
Lock-in Period
1 YEARS
Lease End Date
22 Jul 2027
Tenant Highlights
2,800 SF
Total Area
₹124.11
Rent Per SF
3 YEARS
Lease Period
5%
Escalation
Name
Multiple SPV Tenant
Country
IN
Description
Time Period
Lease Start Date
22 Jul 2024
Lock-in Period
1 YEARS
Lease End Date
22 Jul 2027
Tenant Highlights
2,800 SF
Total Area
₹124.11
Rent Per SF
3 YEARS
Lease Period
5%
Escalation
Name
Multiple SPV Tenant
Country
IN
Description
Time Period
Lease Start Date
22 Jul 2024
Lock-in Period
1 YEARS
Lease End Date
22 Jul 2027
Tenant Highlights
2,800 SF
Total Area
₹124.11
Rent Per SF
3 YEARS
Lease Period
5%
Escalation
Name
Multiple SPV Tenant 2
Country
IN
Description
Time Period
Lease Start Date
22 Jul 2024
Lock-in Period
1 YEARS
Lease End Date
22 Jul 2027
Tenant Highlights
2,800 SF
Total Area
₹124.11
Rent Per SF
3 YEARS
Lease Period
5%
Escalation
Name
Check 3 SPV
Country
IN
Description
Time Period
Lease Start Date
22 Jul 2024
Lock-in Period
0 YEARS
Lease End Date
22 Jul 2025
Tenant Highlights
5,400 SF
Total Area
₹92.59
Rent Per SF
1 YEARS
Lease Period
8.5%
Escalation
Name
AMUser updated -2
Country
IN
Description
Time Period
Lease Start Date
23 Jul 2024
Lock-in Period
0 YEARS
Lease End Date
31 Dec 2026
Tenant Highlights
5,000 SF
Total Area
₹50
Rent Per SF
2 YEARS
Lease Period
6%
Escalation
Name
spv testing
Country
IN
Description
Time Period
Lease Start Date
17 Aug 2024
Lock-in Period
0 YEARS
Lease End Date
30 Sep 2024
Tenant Highlights
3,432 SF
Total Area
₹906.61
Rent Per SF
0 YEARS
Lease Period
1%
Escalation
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Prestige Tech Platina is a LEED Platinum building on the main Outer Ring Road, the largest office corridor in Bangalore.
Proposed unit is spread across 4 floors totaling 171,402 sf
This is a rare opportunity to purchase 1,71,402 sf in a LEED Platinum building – Prestige Tech Platina on Outer Ring Road in Bangalore tenanted to a US-based company on a 9-year lease (7-year lock-in), at a price of ₹10,600 per sf implying a 10% yield and a 17.5% IRR.
Prestige Tech Platina is a LEED Platinum building on the main Outer Ring Road and is part of the larger Prestige Tech Park campus with MNC tenants like JP Morgan Chase, Adobe, Schneider Electric and Juniper Networks.
We believe this is a great opportunity to acquire a LEED Platinum asset developed by the Prestige group at a low purchase price of ₹10,600 per sf with a 7-year lock-in in Bangalore’s largest micro-market.
Investment Note
Detailed Investment Note
How much do you want to invest?
Rental Yield
10%
Monthly Rent
₹ 18,741
Ownership
0.1%
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