hBits Launches ₹63-Crore Commercial Space in Pune, Eyes SM REIT Listing
hBits plans to register with SEBI as a 'small and medium real estate investment trust' (SM REIT) soon, offering investors a chance to invest in high-yield commercial spaces.
HbitsFractional OwnershipCommercial Real EstatePuneSm ReitReal Estate PuneAug 12, 2024
The property, located in Commerzone, Yerwada, is part of a 25.7-acre commercial campus, primarily occupied by prestigious tenants from the technology, engineering, manufacturing, and financial services industries. The rental inflow and purchase price of the asset offer an entry yield of 8.75% and an expected internal rate of return of 14.53%.
Driven by robust regulatory policies and strong infrastructure development, Pune is witnessing a significant uptick in leasing activity, making it an attractive destination for investors. As a part of the Eastern Secondary Business District, Yerwada has emerged as one of the most established micro markets in Pune.
Founded in 2018, hBits enables investors to invest in high-yield, Grade-A commercial spaces at a ticket size as low as ₹30 lakh. Headquartered in Mumbai, hBits group has 14 properties so far. The brand achieved a successful exit for its inaugural asset, 32 Der Deutsche Parkz, yielding a high IRR of 17.54%.
hBits plans to register with the Securities and Exchange Board of India as a 'small and medium real estate investment trust' (SM REIT) soon. “With plans to list on SM REITs, the new asset in Building Number 1 Commerzone, Yerwada, promises significant capital appreciation and a strategic foothold in Pune’s commercial real estate market,” said Shiv Parekh, Founder and CEO, hBits.
The SM REIT listing will provide hBits with a platform to raise funds from a wider range of investors, further solidifying its position in the commercial real estate market. As the company continues to expand its portfolio, investors can expect to benefit from the growth potential of India's thriving commercial real estate sector.
Frequently Asked Questions
What is the size of the commercial space launched by hBits in Pune?
The commercial space spans across a chargeable area of 40,000 square feet.
Who is the tenant of the commercial space?
The commercial space has been leased to a US-listed multinational giant for a period of five years.
What is the expected internal rate of return on the asset?
The expected internal rate of return on the asset is 14.53%.
What is hBits' plan regarding SM REIT listing?
hBits plans to register with the Securities and Exchange Board of India as a 'small and medium real estate investment trust' (SM REIT) soon.
What is the minimum ticket size for investing in hBits' commercial spaces?
The minimum ticket size for investing in hBits' commercial spaces is ₹30 lakh.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora