Purva Gainz, Bangalore – Commerical Office Space
Purva Gainz is now open for sale.
Purva Gainz -‘first of its kind’ Commercial office space offering in Bangalore. Through this product offering, an investor can invest in a Grade-A IT/ITES office space and build an asset that can earn rental income.
The salient features of this offerings are as follows:
- Undivided spaces [non-demarcated] of 550 Sq ft, and multiples thereof, on offer.
- Clients can choose to buy UDS blocks in multiples of 550 Sq. Ft. Each UDS block of 550 Sq. Ft.comes with a Car Park space allotment.
- Investors choosing to invest in such UDS blocks need to do so with the sole purpose of earning Rental Income and not for self-occupancy and/or leasing on their own. Clients who intend to buy space with an intention of using the same for self-use CANNOT buy these blocks.
- Post purchase of these UDS blocks, the space can be leased out to a tenant either by Puravankara Projects Ltd
- The rentals received shall be shared proportionately with all the owners on the floor proportionately after deducting the property management fee of 10% by PPL and applicable taxes.
Also attached
- Cost sheet along with Payment Schedule
- Commercial Application Form (it is mandatory to use this application form)
Bank Details for RTGS :
| PURAVANKARA PROJECTS LIMITED – GAINZ-ESCROW-A/C | |
| NAME OF THE BANK | HDFC Bank Ltd., No. 8/24, Salco Center, Richmond Road, Bangalore – 560 025 |
| ESCROW Account No. | 05230350005842 |
| Code to be used for transfers within India | RTGS IFSC CODE NO : HDFC0000523 |
| Code to be used for transfers from abroad | SWIFT CODE : HDFCINBB |
| MICR Code | 560240022 |
| PURVA GAINZ COST BREAKUP | ||||||
| A | Super Built-up Area in Sq Ft (UDS) | 550 | ||||
| Rate / Per Sq Ft | Amount | |||||
| B | Base Rate | 5,949 | 3,271,950 | Agreement Value | ||
| C | Warm Shell Charges | 300 | 165,000 | |||
| D | Provision of Infrastructure (Generators, STP, Water, Car Park Provision & Elecricity) | 425,000 | ||||
| E | Advance Maintenance for 24 Months | 132,000 | ||||
| F | Service Tax on Advance Maintenance | 19,800 | ||||
| G | Total Cost Excl SD & Regn | 4,013,750 | ||||
| · SD and Registration will be charged at actuals at the time of registration | ||||||
| · Advance Maintenance & SD payable upon Possesion | ||||||
| · All statutory charges and government levies will be charged at actuals as and when applicable | ||||||
| · Breakup of Service Tax – Service tax 14% , Swatch Bharat cess 0.5% , Krishi Kalyan cess 0.5% | ||||||
| · Every 550 Sq foot of Super Built up Area, shall be alloted one car parking space, at the discretion of the developer | ||||||
| Payment Schedule : | ||||||
| Activity | ||||||
| Booking Amount | Rs. 3,00,000 | |||||
| 15 days from the booking (minus the booking amount) | 15% | |||||
| 45 days from the booking | 85% | |||||
| 100% | ||||||
For more details Please fill the form
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