hBits Launches ₹28.8 Crore Commercial Asset in Bengaluru's Vaswani Centropolis
hBits, Delhi NCR, Bengaluru, Vaswani Centropolis, REIT, Commercial Space
HbitsDelhi NcrBengaluruVaswani CentropolisReitCommercial SpaceReal Estate NewsSep 12, 2024
The rental inflow and purchase price of the asset offers an entry yield of 8.75% and an expected internal rate of return of 15.12%. It aims to offer a five-year average rental yield of 8.55%.
This new asset marks hBits' fourth asset launch this year, with previous properties in Bengaluru and Pune. The company has 15 properties in its portfolio, with an asset under management (AUM) of approximately ₹400 crore.
hBits had marked its first closure in Bengaluru by acquiring a grade A commercial asset in the same building, Vaswani Centropolis, worth ₹54.32 crore. Recently, the company applied for a small and medium REITs (SM REITs) license with the Securities and Exchange Board of India (SEBI).
hBits is a real estate investment platform that allows individuals to invest in commercial properties. The company aims to provide a platform for retail investors to invest in commercial real estate, which was previously inaccessible to them.Vaswani Centropolis is a commercial building located in Bengaluru. It is a popular destination for businesses and entrepreneurs.
Frequently Asked Questions
What is the value of the new asset launched by hBits?
The new asset is worth ₹28.8 crore.
Where is the new asset located?
The new asset is located in Vaswani Centropolis, Bengaluru.
What is the expected internal rate of return of the asset?
The expected internal rate of return of the asset is 15.12%.
How many properties does hBits have in its portfolio?
hBits has 15 properties in its portfolio.
What is the asset under management (AUM) of hBits?
The AUM of hBits is approximately ₹400 crore.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.