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Last Updated: 21 January 2024 | By: Sarthak Estates Research Team
Invest in Prime Commercial Office Space at Purva Gainz, Bangalore
Unlock the potential for lucrative returns with Purva Gainz, a groundbreaking commercial office space offering in Bangalore by Puravankara Projects Ltd. Now open for sale, Purva Gainz presents a unique investment opportunity for those seeking Grade-A IT/ITES office spaces with the added benefit of earning rental income.
Key Features:
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- Undivided spaces [non-demarcated] starting from 550 Sq ft and multiples thereof.
- Each 550 Sq. Ft. block comes with a designated Car Park space.
- Ideal for investors looking to generate rental income; not suitable for self-occupancy or individual leasing.
- Leasing options available through Puravankara Projects Ltd, ensuring hassle-free tenant arrangements.
Rental Income Distribution:
- Rentals received will be shared proportionately among all owners on the floor.
- Property management fee of 10% by PPL and applicable taxes will be deducted before distribution.
Attached Documents:
- Cost sheet with Payment Schedule
- Commercial Application Form (mandatory for application)
Bank Details for RTGS:
- Bank: HDFC Bank Ltd.
- Account Name: PURAVANKARA PROJECTS LIMITED – GAINZ-ESCROW-A/C
- Account No.: 05230350005842
- RTGS IFSC CODE: HDFC0000523
- SWIFT CODE: HDFCINBB
- MICR Code: 560240022
- Bank Address: No. 8/24, Salco Center, Richmond Road, Bangalore – 560 025
Cost Breakup:
- A. Super Built-up Area in Sq Ft (UDS): 550
- B. Base Rate: Rs. 5,949 per Sq Ft (Agreement Value: Rs. 3,271,950)
- C. Warm Shell Charges: Rs. 300 per Sq Ft (Rs. 165,000)
- D. Provision of Infrastructure: Rs. 425,000
- E. Advance Maintenance for 24 Months: Rs. 132,000
- F. Service Tax on Advance Maintenance: Rs. 19,800
- G. Total Cost Excl SD & Regn: Rs. 4,013,750
Payment Schedule:
- Booking Amount: Rs. 3,00,000
- 15 days from booking (minus booking amount): 15%
- 45 days from booking: 85%
- 100%
Additional Information:
- Stamp Duty (SD) and Registration will be charged at actuals during registration.
- Advance Maintenance & SD payable upon possession.
- Statutory charges and government levies will be charged at actuals when applicable.
- Service Tax breakup: Service tax 14%, Swachh Bharat cess 0.5%, Krishi Kalyan cess 0.5%.
- Each 550 Sq foot of Super Built-up Area is entitled to one car parking space, at the developer’s discretion.
Seize this Investment Opportunity at Purva Gainz! Book with a minimal booking amount of Rs. 3,00,000 and explore the potential for substantial returns. Secure your space and witness the growth of your asset.
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Expert real estate advisors with 17+ years of experience in Delhi NCR, Mumbai & Dubai. We publish verified property insights, market analysis and investment guides to help buyers, sellers and investors make informed decisions.
