hBits launches Rs 62.97 crore fractional ownership asset in Pune, ET RealEstate

August 12, 2024
1 min read
hBits launches Rs 62.97 crore fractional ownership asset in Pune, ET RealEstate


<p>Representative image </p>
Representative image

NEW DELHI: hBits, a fractional ownership platform, has launched its new asset – Trillion Dollar MNC in Building Number 1, Commerzone, Yerwada, Pune. The asset is worth Rs 62.97 crore and aims to offer a five-year average rental yield of 8.54%.

It spans across a chargeable area of 40,000 sq ft. The rental inflow and purchase price of the asset offers an entry yield of 8.75% and an expected internal rate of return of 14.53%.

The property is part of a 25.7 acres commercial campus.

Recently, hBits exited 32 Der Deutsche Parkz at an IRR of 17.54%.

Founded in 2018, the platform aims to offer an average rental yield of up to 10% with an expected IRR of up to 18% with its Grade A commercial assets.

  • Published On Aug 12, 2024 at 05:48 PM IST

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