PRM/KA/RERA/1251/309/PR/150223/005722

Better Business

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PRM/KA/RERA/1251/309/PR/150223/005722
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Land Area:

1.8 Acres

Configuration:

2B+G+8 Floors

Total Saleable Area:

2,67,273 sq.ft.

Total Car Parks:

366

Land Area:

2.5 Acres

Configuration:

2B+G+8 Floors

Total Car Parks:

511

Total Saleable Area:

2,67,273 sq.ft.

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PRIME LOCATION - MAIN ROAD PROPERTY

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METRO CONNECTIVITY

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Kempapura

0.0 Kms

1 Mins

Hebbal

1.1 Kms

3 Mins

Veerannapalya

1.6 Kms

3 Mins

Nagawara

2.8 Kms

5 Mins

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BUSINESS HUB

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Kirloskar

1.9 Kms

4 Mins

Manyata

5.5 Kms

13 Mins

Karle

4.0 Kms

9 Mins

L & T

5.8 Kms

14 Mins

Phoenix mall

5.5 Kms

13 Mins

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MARKET GROWTH

residentail RESIDENTIAL DEVELOPMENTS

Residential Inventory

Upcoming Supply

H1 2022

2022-2027

40,000 units

25,000 units

commercial COMMERCIAL DEVELOPMENTS

Office Stock

Upcoming Supply

H1 2022

2022-2026

18.6 MSF

3.3 MSF

rental RENTAL DEVELOPMENTS

Mall Inventory

Upcoming Supply

H1 2022

2027

1.74 MSF

1.2 MSF

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METRO CONNECTIVITY

map

Kempapura

0.0 Kms

1 Mins

Hebbal

1.1 Kms

3 Mins

Veerannapalya

1.6 Kms

3 Mins

Nagawara

2.8 Kms

5 Mins

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MARKET GROWTH

residentail RESIDENTIAL DEVELOPMENTS

Residential Inventory

Upcoming Supply

H1 2022

2022-2027

40,000 units

25,000 units

commercial COMMERCIAL DEVELOPMENTS

Office Stock

Upcoming Supply

H1 2022

2022-2026

18.6 MSF

3.3 MSF

rental RENTAL DEVELOPMENTS

Mail Inventory

Upcoming Supply

H1 2022

2027

1.74 MSF

1.2 MSF

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BUSINESS HUB

map

Kirloskar

1.9 Kms

4 Mins

Manyata

5.5 Kms

13 Mins

Karle

4.0 Kms

9 Mins

L & T

5.8 Kms

14 Mins

Phoenix mall

5.5 Kms

13 Mins

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5 YEAR PAYMENTS

PER SQ.FT.

500 SQ.FT.

EARLY PAYMENT PAYOUT PER MONTH

Until OC (Occupancy Certificate):

Rs. 88 *
Rs. 44,000

LEASE RENTAL PER MONTH

Post OC for 3 years:

Rs. 72 **
Rs. 36,000

*Only to purchasers opting for upfront payments.

**Post OC 6 month fit out period is rent free for tenants as per standard market practice.

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LOCATION

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RENTAL TRENDS - MICRO MARKET

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HAVE MORE QUESTIONS

What is the Undivided Share of Land (UDS) Percentage ?

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UDS for the area is 26.517% on SBUA(super built up area). Calculations are provided below:

Floor Total Area UDS UDS%
4th 9,630.71 sq. ft. 2,553.833 sq. ft. 26.517%
5th 30,265.73 sq. ft. 8,025.746 sq. ft. 26.517%
6th 30,265.73 sq. ft. 8,025.746 sq. ft. 26.517%
7th 30,265.73 sq. ft. 8,025.746 sq. ft. 26.517%

What all floors and respective areas are sold through this offering ?

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Currently we are selling Shriram properties share of area on 4th, 5th, 6th and 7th floor. Each floor allocation is as follows:

Floor Total Area Shriram Properties Share
4th 30,265.73 sq. ft. 9,630.71 sq. ft.
5th 30,265.73 sq. ft. 30,265.73 sq. ft.
6th 30,265.73 sq. ft. 30,266.73 sq. ft.
7th 30,265.73 sq. ft. 30,265.73 sq. ft.

Is the rental guaranteed even if space is vacant without tenants ?

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Yes, Shriprop Builders Pvt Ltd has signed a LOI/will sign an agreement to lease for 3 years for a monthly rental of Rs. 72 per sq.ft. after Occupancy Certificate (OC) and a 6 month fit-out period for a 3 year period.

Is the land owned or Joint Development (JD) ?

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This is a Joint development with landowners.

Can the investment be transferred to any family member during the tenure ?

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There is 3% charge on any sale or transfer.

Why are you paying Rs. 88 PSF now and reducing to Rs. 72 PSF post OC.

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Rs. 88 PSF is the early payment payout for purchasers opting for upfront payment of total sale price. In addition, finished asset is more valuable and less risky than under-construction and hence rentals will be Rs. 72 PSF.

When market rental is Rs. 97 PSF, why are you paying Rs. 72 PSF after Occupancy Certificate (OC)?

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Shriprop Builders Pvt. Ltd. is entering into an Agreement of Lease for a period of 3 years, and irrespective of the occupancy of the Commercial Building, Shriprop will be paying an assured rent of Rs. 72PSF.

What is the Maintenance post Occupancy Certificate?

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For first 3.5 years after OC there is no Maintenance Cost as Shriram Properties is guaranteeing Rental and Maintenance. Post 5.5 years or so from now, Maintenance is typically paid by the tenant. So, we don’t expect investors to pay maintenance. That said, if property is not leased after 5.5 years then maintenance could be Rs. 5 to Rs. 7 PSF per month but subject to change as per market conditions.

Can I sell or exit anytime?

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Once you have paid full 100% you can exit anytime at then prevailing market price. There is 3% transfer fee on Sale Value.

Type of ownership?

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This is a Agreement of Sale leading to Sale Deed post OC. So you will have sale deed and katha in your name – you will be absolute owner of our area. Please note this purchase is for Un-demarcated and un-divided share (UDS) of land wherein you can enjoy rental benefits of a Grade A commercial property without hassle of maintenance and finding blue chip tenants.

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PROJECT SPECIFICATIONS

Centralised Air Conditioning

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Dedicated AHU rooms provisioned in all floors

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High-side AC provisioned for 1TR/300 Sq.ft.

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Space provisioned for clients to install DX units for their critical services

Structural Design & Ambience

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Wide Column Design with service core on one side allows optimal utilization of space

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P.T. Flat Slab with drop designed as per IS:1893:2016 and IS:13920:2017

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Slab to Slab Height 3.95 m

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High Quality glass façade gives excellent permanent finish and keeps the building’s interiors cool

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Structure is designed as below: Basement slabs are designed for stack parking load of 500 Kg/Sq.m.

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Typical office floor is designed for 400 Kg/Sq.m. with false ceiling loading

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Specific areas in the floor designed for higher floor load of 1000 Kg/Sq.m.

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All AHU & Electrical room at typical office floor is designed for 400 Kg/Sq.m.

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IPS flooring within office Space

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Higher floor to ceiling height provided for accommodating stack parking.

Telecom Connectivity

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Right of way provided for service providers

Lobby Finishes

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Lift Cladding Combination of Granite and Marble

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Lift Lobby Flooring Granite or Marble Flooring

Elevators

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High Speed elevators are provided

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5 Passenger elevators of 15 Pax each

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2 service elevators of 20 Pax each

Power

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Transformer – 1250 kVA x 2 nos

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100% power backup for office as well as common areas & car parking

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DG – 1500 kVA x 2 nos - Higher power load (0.8 kVA /100 Sq.ft.on super built-up area) is provisioned for computers, communication equipment, AHU etc.

Water & Sewage Treatment Plant

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Water Supply from Borewell & Tank Water

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Separate underground Sump, Over Head tanks are provided for Domestic as well as fire Safety needs

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Advanced 105 KLD MBR based Sewage treatment plant is provisioned

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Water Treatment Plant is Provisioned

Safety & Security systems

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Designed as per NBC Norms

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Base building smoke detectors, fire sprinklers and hose reels in common areas are provisioned

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BOOK YOUR SLOTS NOW

I hearby declare that I have read the consent...Read More

I hereby declare that I have read the consent and I appoint and allow FINCITY and its Developer partners to call or SMS and/or WhatsApp with details regarding this project or any other projects including new launches from time to time in future, notwithstanding anything to the contrary that may be contained anywhere, including any registration for DNC/ NDNC. Read Less

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