careers@noveloffice.in
Fully Leased Grade A Property
Novel MSR Park
Starts from JUST ₹ 25,00,000/-
8.00% Net Yield & 9.56% 10 Years Avg Yield- 18.78% IRR
- Leased Till Jan 2031
8.00% Net Yield & 9.56% 10 Years Avg Yield
18.78% IRR
Leased Till Jan 2031With a ₹500 CRORE Company as the TENANT
Fully Leased Grade A Property
Novel MSR Park
Starts from JUST ₹ 25,00,000/-
- 8.00% Net Yield & 9.56% 10 Years Avg Yield
- 18.78% IRR
- Leased Till Jan 2031
With a ₹500 CRORE Company as the TENANT
Investment Summary Novel MSR Park
| Net Yield | Upcoming Metro | Average Yield | ||
|---|---|---|---|---|
| 8.00% | Purple Line | 9.56% 10 Years |
Investment Summary
Novel MSR Park
| Net Yield | Upcoming Metro | Average Yield |
|---|---|---|
| 8.00% | Purple Line | 9.56% 10 Years |
Minimum Investment IRR
| Undivided Share | ₹25 Lakhs | Cash | 16.70% | |
|---|---|---|---|---|
| Divided Share | ₹5 Crore | Leveraged | 18.78% |
Minimum Investment(IRR)
| Undivided Share | Divided Share |
|---|---|
| ₹25 Lakhs | ₹5 Crore |
| Cash | Leveraged |
| 16.70% | 18.78% |
Grade A Building and Tenant
Novel MSR Park
Grade A Asset
Credible Tenant
Upcoming Metro
EBD Area
Investment Details Novel MSR Park
| INVESTMENT SIZE | SELLABLE AREA | MONTHLY RENT | ||
|---|---|---|---|---|
| ₹25 Lakhs | 191 Sqft | ₹16,665 | ||
| ₹50 Lakhs | 382 Sqft | ₹33,331 | ||
| ₹75 Lakhs | 573 Sqft | ₹49,996 | ||
| ₹1 Crore | 764 Sqft | ₹66,662 | ||
| ₹81.3 Crore | 62,076 Sqft | ₹554,19,234 |
| Undivided Novel Unique Fractional Ownership Model Sale | ₹25 Lakhs(191 Sqft) to ₹5 Crores(3,818 Sqft) |
| Divided Novel Unique Fractional Ownership Model Sale | ₹5 Crores(3,819 Sqft) to ₹18.7 Crores(14,280 Sqft) |
| Full Floor Sale | ₹81.3 Crores(62,076 Sqft,4th Floor) |
| Total Offered Sale | ₹81.3 Crores(62,076 Sqft) |
Investment Details Novel MSR Park
| INVESTMENT SIZE | SELLABLE AREA | MONTHLY RENT |
|---|---|---|
| ₹25 Lakhs | 191 Sqft | ₹16,665 |
| ₹50 Lakhs | 382 Sqft | ₹33,331 |
| ₹75 Lakhs | 573 Sqft | ₹49,996 |
| ₹1 Crore | 764 Sqft | ₹66,662 |
| ₹81.3 Crore | 62,076 Sqft | ₹554,19,234 |
| Undivided Novel Unique Fractional Ownership Model Sale | ₹25 Lakhs(191 Sqft) to ₹5 Crores(3,818 Sqft) |
| Divided Novel Unique Fractional Ownership Model Sale | ₹5 Crores(3,819 Sqft) to ₹18.7 Crores(14,280 Sqft) |
| Full Floor Sale | ₹81.3 Crores(62,076 Sqft,4th Floor) |
| Total Offered Sale | ₹81.3 Crores(62,076 Sqft) |
Property Details
Grade A Building
Area offered for sale : 62,076 Sqft(4th Floor)
Location : Marathahalli Junction
Landmark : Intersection of ORR & Old Airport Road
Nearest Junction : Marathahalli (100 Meters)
Nearest Bus Stop : 10 Meters
Neighbours : Max Fashion
Year Built : 2021
Fire Safety : Smoke Detectors ,Fire Extinguishers
Furnishing : Fully Furnished Plug & Play Setup Floors
Car Parking : 375
Water :3 Borewells & Sufficient Storage
Generator : 3250 KVA
Flooring : Italian Marble / Carpet
Lifts : 6 Passenger Lifts + 1 Service Lift
Compliances : OC, Fire NOC, Pollution Approval,Airport Clearance,Environment ,STP,RO,Water Treatment Plan.
Tenant Overview Novel MSR Park
Novel office is a US based managed and serviced office provider with presence across 4 cities in two countries.Novel office has over 350 clients across 1 million sqft.
- Founded – 1993
- Office – 4 cities,2 countries
- 500 Crore company
| Lease Commencement | 1st Feb 2021 | |
| Lease Period | 10 Years(Jan 2031) | |
| Lockin Period | 6 Years(Jan 2027) | |
| Monthly Rent | INR 87.30/SF | |
| Security Deposit | INR 873.00/SF | |
| Rental Escalation | 15% every 3 years |
| Lease Commencement | 1st Feb 2021 |
| Lease Period | 10 Years(Jan 2031) |
| Lockin Period | 6 Years(Jan 2027) |
| Monthly Rent | INR 87.30/SF |
| Security Deposit | INR 873.00/SF |
| Rental Escalation | 15% every 3 years |