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.
- 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|
|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)
|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 :|
|Booking Amount||Rs. 3,00,000|
|15 days from the booking|
(minus the booking amount)
|45 days from the booking||85%|
For more details Please fill the form
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