hbits - investment Overview
American MNC Opportunity - II: Investment Opportunity in Powai, Mumbai. This is an excellent opportunity to invest in Boomerang - a Marquee Grade A commercial building nestled in the heart of Powai, Mumbai. It is a commercial centre with top-notch amenities, a prime location and seamless connectivity to the airport, metro lines and Western Express Highway.
Boomerang is a LEED-certified green building. It has one of the enormous single-floor plates of around 1,60,000 Sq Ft in the city offering large and flexible office spaces. Property management is undertaken by JLL. The building has one tower and 3 wings with a leasable area of 1.26 MN Sq Ft. There is 5 to 10 percent vacancy and the building structure is 2B+G+8. Boomerang is home to marquee tenants such as: FedEx, Hitachi, ICICI Bank and Technip Energies.
Boomerang presents a lucrative investment opportunity with a minimum investment of INR 25 lakhs. Experience an impressive 10% Entry Yield*, which translates into an expected 16.40% IRR over 5 years. Sitel, a global leader in customer experience, has been a loyal tenant since 2011 and is entering their 3rd term with a lock-in period of 3.75 years. With rental costs 21% below the market average, seize the chance to acquire a prestigious Marquee Grade-A building in Powai, Mumbai. Explore top-notch amenities and enjoy seamless access to the airport and metro stations.
The asset is located in Powai, Mumbai, one of the city's busiest and fastest-growing business districts, situated in the heart of Mumbai's commercial belt. The Eastern and Western Express Highways are in close proximity, providing convenient access to the Mumbai International Airport, major commercial centres and metro stations. The project is nearby:
Sakinaka Metro Station - 1.7 Km
Powai Udyan Metro (Upcoming Line 6) - 1.5 Km
Mumbai International Airport - 3.0 Km
Western Express Highway - 4.0 Km
Eastern Express Highway - 2.5 Km
Jogeshwari Vikhroli Link Road - 1.0 Km
Mumbai Office Market Overview
Mumbai is one of the most dynamic cities in the world, with a booming Real Estate sector and economy. With its robust and ever-expanding infrastructure, and its status Mumbai has become one of the greatest global financial hubs, attracting large corporations and multinational companies to set up office spaces in the city.
The Mumbai office market recorded a gross leasing volume (GLV) of 15.17 MN Sq Ft in 2022 surpassing pre-Covid levels of 13.95 MN Sq Ft in 2019. Limited supply addition and healthy leasing translated into a 198-bps drop in the vacancy rate to 21.3% and is expected to come down further.
Key Micro-markets in Mumbai
CBD (Central Business District) - Well-planned development in a prime location and presence of high-profile tenants.
Lower Parel - One of the major suburbs of Mumbai, which is home to several upscale residential and commercial properties.
BKC (Bandra Kurla Complex) - Established Indian corporations and public sector companies occupy the majority of the space.
Andheri – Kurla - illustrates an ideal fusion of residential and commercial buildings, banks, hotels, grade-A offices and exhibition centres.
Powai – A well-established micro-market with the ideal blend of retail, residential and business projects.
Western Suburbs - a booming commercial neighbourhood with a view of the seaside and solid infrastructure that is home to malls and numerous well-known tenants.
Eastern Suburbs - a perfect micro market with well-developed infrastructure and connectivity to the rest of the city.
Thane - A profitable micro market with widespread connections and the presence of administrative offices and bureaucratic centres.
Navi Mumbai - a new Real Estate hub that is home to numerous IT and IT-enabled services companies.
Tenants In the Neighbourhood
The neighbourhood is in the vicinity of Andheri, this area acts as a major hub for vast commercial and IT buildings hosting multinational companies and corporate entities from a variety of industries. The companies present in this area are:
FedEx, ICICI Bank, Braun, SBM, BDP Internationals, JPMorgan, Byju’s, Shelf Drilling, Wipro, TATA Projects, Petrofac and Kellogg’s.
Recent Leasing Transactions in The Neighbourhood
Enjoy the advantage of lower rental costs at Boomerang! With rent set on chargeable INR 105.80/Sq Ft/Month the rentals for the asset, it's substantially lower than the average rentals of INR 134/Sq.Ft/Month in nearby comparable buildings. As a result, there is a better chance of capital appreciation and a considerably lower acquiring cost than the market.
Recent Sale Transactions in The Neighbourhood
With a purchase price of INR 13,558/Sq Ft, the capital value for the asset is comparatively lower than the average capital value of INR 18,170/Sq Ft for comparable assets in the vicinity.
(According to Business Line articles dated on February 3rd, Brookfield is in talks to sell Singapore's GIC Fund a 50% stake in its entire 4.2 MN Sq. Ft Hiranandani property at Powai for INR 1.5 BN (the portfolio was acquired by Brookfield in 2016 for INR 1 BN).
hBits is the most experienced and leading fractional ownership platform in the country, working at the intersection of Real Estate and technology. The company was started in the year 2019 with the goal of expanding Real Estate access. In the past, only institutions and hyper HNIs had access to Real Estate. The firm wants to expand the Real Estate Industry Globally by making this profitable asset class accessible to regular investors.
hBits is the first Real Estate platform in India to have successfully exited a property at the best IRR in the industry of 17.54%.
The exit strategy is the most important component of fractional ownership. With over 35 years of commercial Real Estate experience, hBits successfully managed an exit for their first asset, 32 Der Deutsche Parkz. The investors earned an industry-best IRR of 17.54%.
hBits investment offerings
A commercial Real Estate that offers attractive rental yields ranging from 8% to 9% and an impressive Internal Rate of Return (IRR) between 13% and 18% from Grade A tenants under long-term leases.
Fractional ownership Vs hBits Elite
Take advantage of this truly exceptional investment opportunity and maximize your returns.
For more details about the Investment Opportunity call: 99000 52979
Answer - The opportunity provides fractional investment
Answer - The minimum investment amount is INR 25 Lakhs
Answer - The entry yield of the investment is 10.00%
Answer - The expected IRR of the investment is 16.40%
Answer - The expected annual capital appreciation on the asset is 6.5 %
Answer - This property is situated in Powai, Mumbai
Answer - Sakinaka Metro Station is 1.7 km from the project
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