Real estate developer Bhive has announced offers in an effort to increase retail participation in commercial real estate space.
The real estate company has lowered the minimum investment threshold for private investors to Rs 5 lakh from previous Rs 10 lakh for purchasing commercial space in its Grade-A pre-leased development in Brigade Metropolis, Whitefield in Bengaluru.
Commercial space in Brigade Metropolis, Whitefield consists of 500 units worth Rs 5 lakh each with a total value of Rs 25 crore which is open for investment by private investors. Individual investors can diversify their investment portfolio through exposure to commercial real estate, which will be a potential source of monthly passive income.
Looking to make commercial real estate investment more affordable, Bhive has also announced discounts for a limited number of units.
Individual investors can earn a rental yield of Rs 10.48 lakh on an investment of Rs 1 crore. Currently, yields on bank fixed deposits, both short-term and long-term government and corporate bonds, fluctuate between 5 and 7 percent per annum.
“Bhive is on a mission to make commercial real estate more accessible and affordable for private investors. Under this initiative, we have launched 500 units of commercial space in 'Brigade Metropolis, Whitefield' in Bengaluru. Now investors can buy a unit by paying just Rs 5 lakh with an average rental yield of 10.5 percent per annum, this is one of the prime office location in Bengaluru. We are confident that this launch will significantly boost the need for more affordable commercial spaces,” said Shesh Rao Paplikar, CEO and Co-Founder of Bhive Group.
“Individual investors can earn up to 3% extra return if they choose to invest before December 31, 2022. Given the rising income levels, the precarious work environment and the need for portfolio diversification, we hope individual investors will find this offering useful. ," he added.
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