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
Revolutionizing Real Estate: Magicbricks Launches PropWorth, an Advanced Property Valuation Tool
Magicbricks has launched PropWorth, a cutting-edge property valuation tool powered by machine learning, to provide accurate property assessments in India's dynamic real estate market.
Current Affairs Updates: Know About Commonwealth Games 2026, Miss India Worldwide 2024, and More
Get the latest updates on current affairs, including the Commonwealth Games 2026, Miss India Worldwide 2024, and other important news.
Real Estate Act: Builders Cannot Change Binding Clauses, MahaRERA Clarifies
The Maharashtra government's Real Estate (Regulation and Development) Act (RERA) has introduced a model agreement format to protect buyers. However, many builders modify crucial clauses, leaving buyers unaware of their rights. MahaRERA has taken steps to
Shah Rukh Khan’s Luxurious Beverly Hills Stay: Six Bedrooms, Private Pool, and Tennis Court
Explore the lavish details of the Beverly Hills mansion where Bollywood superstar Shah Rukh Khan stayed while filming 'Jab Harry Met Sally'.
Hyd CREDAI Leaders Appointed to Key National Roles, Elevating Real Estate Prestige
Hyderabad's real estate sector shines as CREDAI leaders are appointed to prestigious national roles for the 2025-27 term, underscoring the city's growing influence in the Indian real estate market.
Free Toll for EVs in Maharashtra: Impact on Mumbai-Pune Expressways and Real Estate
Explore how the recent initiative to provide free toll access for electric vehicles (EVs) in Maharashtra is set to transform the Mumbai-Pune Expressway and impact the real estate market in the region.