hBits Launches Fractional Ownership Asset in Pune Worth Rs 62.97 Crore
The asset offers an entry yield of 8.75% and an expected internal rate of return of 14.53%.
HbitsFractional OwnershipCommercial Real EstatePuneTrillion Dollar MncReal Estate PuneAug 12, 2024
It spans across a chargeable area of 40,000 sq ft. The rental inflow and purchase price of the asset offers an entry yield of 8.75% and an expected internal rate of return of 14.53%.
The property is part of a 25.7 acres commercial campus.
Recently, hBits exited 32 Der Deutsche Parkz at an IRR of 17.54%.
Founded in 2018, the platform aims to offer an average rental yield of up to 10% with an expected IRR of up to 18% with its Grade A commercial assets.
hBits is a fractional ownership platform that allows individuals to invest in commercial real estate. The company was founded in 2018 and has since then launched several assets across the country.
hBits is a leading fractional ownership platform in India that allows individuals to invest in commercial real estate. The company was founded in 2018 and has since then launched several assets across the country.
Fractional ownership is a concept where multiple individuals can invest in a single asset, allowing them to own a fraction of the property. This concept has gained popularity in recent years, especially among retail investors who want to invest in commercial real estate.
Frequently Asked Questions
What is the value of the asset launched by hBits in Pune?
The asset is worth Rs 62.97 crore.
What is the expected rental yield of the asset?
The asset aims to offer a five-year average rental yield of 8.54%.
What is the expected internal rate of return of the asset?
The asset offers an expected internal rate of return of 14.53%.
What is the chargeable area of the asset?
The asset spans across a chargeable area of 40,000 sq ft.
What is the concept of fractional ownership?
Fractional ownership is a concept where multiple individuals can invest in a single asset, allowing them to own a fraction of the property.
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