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.
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