BHIVE Launches Its Hard Commercial RE Sale at Brigade Metropolis, Bengaluru

Bengaluru, February 9, 2024: BHIVE Properties, the commercial real estate investment arm of BHIVE Group, announced its first-ever sale of hard commercial real estate of a Grade A commercial property in Bengaluru, allowing retail investors to earn annual rentals of up to 10.6% on their investment. Retail investors will have direct ownership of an allotted area under an undivided share of the property while reaping rich dividends out of their investments in the form of monthly rentals.

The Grade A commercial property is housed at the Summit A – 8th floor of Brigade Metropolis, a marquee property by Brigade Group, spanning 22940 sq. ft amounting to a property value of approximately Rs 8,936 per square ft. This property has been pre-leased for a term of 15 years which will provide stable monthly returns to investors. It is currently tied up with BHIVE Properties to sell through a secondary sale. Considering both property appreciation and rental yield, the internal rate of return (IRR) for investors is expected to exceed 15% per annum. 

Commenting on the launch, Shesh Paplikar, Founder and CEO of BHIVE Group said, “While we have been waiting for regulation around MSM REITs to be out, we realised that there is a huge pent-up demand from retail investors to invest in commercial real estate through traditional means. They are very keen to have their sale deed and Khata. So we procured the RERA broker licence, to provide traditional real estate offerings. The traditional real estate offering is also well understood by banks and financial institutions making inheritance and mortgage processes much easier than some of the new-age financial products. We have been receiving an overwhelming response so far and expect the opportunity to get sold out shortly.”