This opportunity is to purchase a 1104 square feet commercial office in Kohinoor B-Zone in PCMC area for an all inclusive cost of Rs. 1,90,00,000.
PCMC has a very low vacancy percentage of 2%. It has office headquarters of tenants like Tata Motors,Bajaj Auto and a lot of manufacturing companies given the close proximity to one of the prime manufacturing hubs of the city. The infrastructure of the micro market given the roadways and metro lines is one of the best in the city.
PCMC area is one of the most lucrative office markets in Pune given the high Yoy growth in office rentals at about 9%.
At the offered price gross rental yield works out to 7.1% with a 7% escalation every year.
Saint-Gobain entered India in 1996, and has achieved strong and profitable growth since then. Today, it is a leader in all its major businesses, has 22 manufacturing sites and more than 13,700 permanent and temporary employees in India. In 2019, Saint-Gobain registered sales of about Rs 7600 Cr. For Saint-Gobain, India presents a huge opportunity for growth in the next decade.
Coinvest does not make any representation regarding the suitability of the opportunities that appear on the Covered Platforms. Nothing on the Covered Platforms should be construed as investment, business, legal or tax advice or constitutes an offer for service or assistance with investment in real estate assets. Listing of details relating to the opportunities on the Covered Platforms or any content contained on the Covered Platforms does not constitute an offer by Coinvest to sell, solicit or make an offer to participate in the opportunities. No information or content available on the Covered Platforms should be construed as a solicitation of an offer to buy or sell any property. Any decision to make direct or indirect investments in real estate assets involves significant risks including risk of loss of capital, and all such decisions should be made only after seeking independent legal, business and tax advice. No Governmental Agency, SEBI nor Coinvest guarantee or assure any returns to any person using the Covered Platforms.