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Investment ProposalsBlue Stone Partners
Scope:
Real Estate Overview
New Delhi
Gurgaon
Available Investment Options
Overview of Micro MarketsNew Delhi
Delhi: City Profile
Area 1484 sq. km.
Population Approx. 22 mn. Literacy Rate is over
86.21%
Modes of Commuting
Autos
State run buses
Private Transport
Metro
Key Industries
Banking and Financial Services
IT / ITES and BPO sectors
Retail
Key Drivers for GrowthEnterprising population
Capital of India attracting MNC’s
Commercial
Importance
Per Capita Income is INR 2,01,000/-
Delhi contributes to 3.1% of total GDP
Delhi - Analysis
INFRASTRUCTURE
Power 4-6 hour shortfall during peak demand season of May-July
Traffic congestion Slow moving traffic during peak hours on nearly all primary roads
Public Transport provided by auto rickshaws, buses, rapid transit system, taxis & Metro railways
Business Support
FacilitiesHome to numerous business hotels & convention centres
Social Infrastructure Sufficient number of public/private schools & hospitals; shopping & eating options plentiful
POLITICAL/ECONOMIC
Political Stability Strikes/dharnas frequent though mostly restricted to political zone
Security Being the Political Capital, enjoys favorable law and order situation
REAL ESTATE
Cost High real estate values coupled with high cost of construction
Quality Poor quality buildings; new constructions offer international quality but are few & far
OTHER
Residential Ample options available to suit all budgets & specifications
General city attractiveness Historical city; nation’s capital & hub of political activities; never away from the limelight
Skilled workforce Large talent pool available through numerous reputed educational institutes in the city
Jasola
INR 80-120
INR 16000-24000
Connaught Place
INR 100-400
INR 20000-45000
Nehru Place
INR 80 - 190
INR 16000-34000
Saket
INR 100-180
INR 20000-36000
Bikaji Cama Place
INR 80-100
INR 16000-20000
Mohan Cooperative
INR 60-90
INR 10000-17000
Okhla
INR 60-100
INR 12000-20000
• Micro Locations
• Rentals ( INR / sq ft / month )
• Capital Values ( INR / sq ft )
Pitampura
INR 60-80
INR 10000-
13000
Overview : Delhi:
Rental & Capital Values
Preferred Locations:
Industry Wise
Jasola
IT / ITES ,
Insurance,
Corporate
Houses
Connaught Place
Banks, Financial
Institutions, Corporate
Houses, Consultants
Nehru Place
IT/ITES,
Corporate Houses
Saket
Consultancy ,
Financial Services
Bikaji Cama Place
Insurance , Consultancy ,
Govt Offices
Vasant Kunj
Automobiles, IT, Educational
Okhla
Industrial ,
Manufacturing ,
Telecom, BPO
•Micro Locations
•Major Occupiers
Mohan Cooperative
Automobiles, BPO, Call Centers,
Software Companies, Warehouses,
Manufacturing
Pitampura
Insurance , Banking,
Engineering, Consulting
Major Corporate Hubs:
New Delhi
Category Area
Capital Value
Range
(INR PSF)
Prominent
Buildings
Area
Categorization
SBDBhikaji Cama
Place16000 -20000
Som Dutt Towers,
Mahindra Tower, NBCCCommercial
CBDConnaught
Place20000 – 40000
HT House, Birla House,
Statesman House, New
Delhi House, DLF Capitol
Point, Konnectus
Commercial
SBD Jasola 16000 – 24000DLF, Salcon Aurum, M6
Plaza, Splendor ForumCommercial
SBD Nehru Place 16000 – 34000Eros Corporate Tower,
IFCI, Devika TowerCommercial
SBD Okhla 12000-20000 Bharti, Vodafone Industrial/IT/ITES
SBD Saket 20000-36000
Rectangle One, Southern
Park, DLF South Court,
Ras Vilas
Commercial
PBD Pitampura 10000 - 13000
Aggarwal Towers, D Mall,
Gopal Height, Pearl
Height, KLJ Tower
Commercial
PBDMohan
Cooperative10000 - 17000
Espire Tower, Jaguar
TowerIndustrial/ IT/ ITES
Overview of Micro MarketsGurgaon
Gurgaon: City Profile
Area 732 sq. km.
Population Approx. 1.5 mn. Literacy Rate is over 84.7%
Modes of Commuting
Autos
State run buses
Private Transport
Metro
Key Industries
IT / ITES & BPO, Consulting, FMCG,
Retail , Finance & Banking, Autombiles,
Pharmaceutical, Consumer Durables
Key Drivers for
Growth
Cosmopolitan population
Close proximity to the airport
Investment friendly environment
Commercial
ImportancePer Capita Income is INR 122212/-($ 2036)
INFRASTRUCTURE
Power 3-4 hour shortfall during peak demand season of May-July
Traffic congestion Traffic snarls in peak hours on corridors to & fro from Delhi; Situation expected to improve
Public Transport Intra-city transport through private cars, shared taxis and the metro
Business Support Facilities World class business hotels, convention halls & leisure facilities
Social Infrastructure Ample hospitals, schools & community parks; entertainment & leisure options abundant
POLITICAL/ECONOMIC
Political Stability Largely unaffected by political ramifications
Security Occasional incidents of violence, overall a healthy law and order situation
REAL ESTATE
Cost No longer enjoys much cost advantage; intense competition from alternative destinations
Quality Quality developments with world-class facilities; high standard of maintenance & security
Availability Plenty; 9.1 mn. sq. ft. of grade-A supply likely to be available by the end of 2014
OTHER
Residential Sufficient options available from mid-range to high-end premium condominiums
General city attractiveness High quality of life with some infrastructural issues likely to be resolved soon
Skilled workforce Easily available
Gurgaon - Analysis
Cyber City
INR 80-85
INR 16000-17000
Golf Course Road
INR 80 - 100
INR 13000-17000
Extended GC Road
INR 80-120 (Retail)
INR 12000 – 16000
(Retail)
Sector 32
INR 50-55
INR 12000-14000
Sohna Road
INR 40-55
INR 5000-8000
MG Road
INR 80-130
INR 14000-25000
• Micro Locations
• Rentals ( INR / sq ft / month )
• Capital Values ( INR / sq ft )
Udyog Vihar
INR 35-45
INR 6000-8000
Overview : Gurgaon:
Rental & Capital Values
Sector 44
INR 55-70
INR 14000-17000
Preferred Locations:
Industry Wise
•Micro Locations
•Major Occupiers
Cyber City
IT/ITeS, FMCG,
Banking, Retail,
Consulting, Telecom
Golf Course Road
IT/ITeS, Consulting,
Automobiles, Retail
Extended GC Road
IT/ITeS, Consulting,
Banking & Finance
Sector 32
Retail, Pharmaceutical,
FMCG, Consumer
Durable
Sohna Road
IT/ITeS, Banking &
Finance, Automobiles
MG Road
Airlines, Consumer
Durables, Automobiles,
IT/ITeS, Banking
Udyog Vihar
IT/ITeS, Export
Houses, Engineering
Sector 44
Consulting firms,
Consumer Durables,
Engineering Firms
Major Corporate Hubs:
Gurgaon
Category Area
Capital Value
Range
(INR PSF)
Prominent
Buildings
Area
Categorization
SBD DLF Cyber City 16000-17000Infinity Towers, Building
8, 9 & 10, Cyber Greens
IT/ITeS/
Commercial
SBDGolf Course
Road13000-17000
Augusta Point,
Masterpiece, Vatika
Atrium, Technopolis,
Orchid Centre
Commercial
CBD MG Road 14000-25000
Global Business Park,
DLF Corporate Park,
Time Tower
Commercial
PBD Sector 32 12000-14000Adidas, USHA, Ranbaxy,
ITCInstitutional
SBD Sector 44 14000-17000Whirlpool, Apprarel
House, Jindal HouseInstitutional
PBD Sohna Road 5000 – 8000
Vatika Technology Park,
Universal, ILD , Spaze IT
Park
IT/ITeS/Commercial
SBD Udyog Vihar 6000-8000
Shapoorji Pallonji Info
City, ASF Centre, ASF
Towers
IT/ITeS/Industrial
OptionsAvailable investment proposals
Option 1
Financials & other details:
Current Status Leased
Tenant Forrester Research India Pvt. Ltd.
Asking Price INR 9 Million/ USD 1,50,000
Annual Rent INR 6,24,000/ USD 10,400
Annual Yield 7 %
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 3 Years
Escalation in Rent 15% after every three years
■ Total Development: 2,62,000 sq.ft (Appx)
■ Floor Plate: 30,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 5
■ Floor Offered : Third
■ Super Area: 400 sq. ft.
■ Carpet Area: 260 sq ft
■ Category: Commercial
■ Efficiency 65 % (Appx.)
■ Location: Jasola
■ Quality of Construction: A Grade
■ Distance from the Metro 200 Metres
Option 1
Splendour Forum, Jasola District Centre, South Delhi:
Floor Plan:
Third Floor - Splendour Forum
Area occupied by Forrester
Reasearch India Pvt. Ltd.
Overview: Jasola
Pros Cons
Planned Development Distance from the Airport
Plenty of residential
options available in the
vicinity
Infrastructure continues
to be weak
Good Connectivity &
Public TransportDistance from the CBD
Good quality of buildings ,
Large Floor Plates
Lack of business hotels at
the moment
Key Characteristics
• Has emerged as next big commercial hub of Delhi
• Well connected to commercial areas such as Nehru Place, Okhla Industrial Estate, Noida and Faridabad and residential
areas such as New Friends Colony and Sarita Vihar
• Tenant Profile – Shipping Companies, Financial Institutions, Insurance.
• Average Rental Values : INR 80-120 per sq. ft. per month ($1.3- $2)
• Average Capital Values : INR 16,000-24,000 per sq. ft. ($260- $400)
Layout : Jasola District Centre
For
Public
Use
Emaar MGF
5 Star Hotel
(Under Const)Omaxe
Citadel
Multilevel
Car Parking
Saluja
SC Tower
Baani
Corporate
One
Uppal
M-6
DLF
Tower B
DLF
Tower A
Realtech
CopiaABW
Elegance
Splendor
Forum
TDI
Centre
Option 1
Financials & other details:
Current Status Under Construction
Expected Completion April 2017
Asking Price INR 8.45 Million/ USD 1,40,833
Assured return till possession 11%
Expected Annual Rent INR 9,00,000/ USD 15,000
Expected Annual Yield 10.65 %
Type of ownership Freehold
Developer support for leasing Yes
Availability of larger units Yes
■ Total Development: 2,75,000 sq.ft (Appx)
■ Floor Plate: 57,000 sq ft (Appx)
■ No. of Floors: 2B + G+ 14
■ Floor Offered : Ground
■ Super Area: 500 sq. ft.
■ Carpet Area: 300 sq ft
■ Category: Retail
■ Efficiency 60 % (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Type of development: Mixed Use
Option 2
Paras Square, Golf Course Extension Road, Gurgaon
Location Map:
Paras Square
Ground Floor Plan:
Overview: Golf Course Ext. Road
Pros Cons
Given that it is an
extension of the Golf
Course Road, it is
perceived as a premium
micro market
Currently poor
infrastructure and roads
Huge availability of
Grade A buildings
Poor accessibility.
Inadequate public
transportation at present
On the future metro
corridor
Distance from NH 8 and
the international airport
Close proximity to luxury
residential apartments
High real estate costs
owing to its premium
perception
Key Characteristics
• Currently under developed infrastructure which is likely to significantly improve over the next 2-3 years
• Grade A buildings with a healthy mix of residential and commercial properties
• Tenant Profile – IT/ITeS, Consulting, Banking & Finance, Automobiles
• Average Rental Values (Retail Spaces) : INR 80-120 per sq. ft. per month ($ 1.3 - $2.0)
• Average Capital Values (Retail Spaces) : INR 12000 - 18000 per sq. ft. ($200- $300)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant Cocoberry
Asking Price INR 17.3 Million/ USD 2,89,000
Annual Rent INR 12,60,000/ USD 21,000
Annual Yield Currently 7.3 %; Will increase to 7.8%
after one year
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 2 Years
Escalation in Rent 15% after every three years and 10% after
the first year
■ Total Development: 7,50,000 sq.ft (Appx)
■ Floor Plate: 30,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 5
■ Floor Offered : Third
■ Super Area: 2040 sq. ft.
■ Carpet Area: 1428 sq ft
■ Category: IT/ITeS
■ Efficiency 70% (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 3
Well Done IT Park, Sohna Road, Gurgaon
Location Map:
Welldone Tech
Park
Floor Plan:
Third Floor
Welldone Techpark, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well mantained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant Changyou (NASDAQ Listed)
Asking Price INR 19.46 Million/ USD 3,24,480
Annual Rent INR 14,60,160/ USD 24,336
Annual Yield Currently 7.5 %; Will increase to 8.6%
after three years
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 3 Years
Escalation in Rent 15% after every three years and 10% after
the first year
■ Total Development: 14,00,000 sq.ft (Appx)
■ Floor Plate: 84,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 12
■ Floor Offered : Third
■ Super Area: 2028 sq. ft.
■ Carpet Area: 1419 sq ft
■ Category: IT/ITeS
■ Efficiency 70% (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 4
Spaze IT Park, Sohna Road, Gurgaon
Location Map:
Spaze IT Park
Floor Plan:
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well mantained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant Blue Harp Technologies Pvt. Ltd.
Asking Price INR 9.37 Million/ USD 1,56,320
Annual Rent INR 7,03,440/ USD 11,724
Annual Yield Currently 7.5 %; Will increase to 8.6%
after three years
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 3 Years
Escalation in Rent 15% after every three years and 10% after
the first year
■ Total Development: 14,00,000 sq.ft (Appx)
■ Floor Plate: 84,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 12
■ Floor Offered : Eighth
■ Super Area: 977 sq. ft.
■ Carpet Area: 684 sq ft
■ Category: IT/ITeS
■ Efficiency 70% (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 5
Spaze IT Park, Sohna Road, Gurgaon
Location Map:
Spaze IT Park
Floor Plan:
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well mantained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Semi Furnished office ready to be
leased
Tenant Not yet leased
Asking Price INR 160 Million/ USD 2.66
Million
Expected Annual Rent INR 12.58 Million/ USD 2.09
Million
Expected Annual Yield 7.86 %; which will increase to
9.04% after three years
Type of Ownership Freehold
Expected Lease Period 9 Years (3+3+3 )
Expected Lock in Period 3 Years
■ Total Development: 2,10,000 sq.ft (Appx)
■ Floor Plate: 36,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 5
■ Floor Offered : Ground
■ Super Area: 8737 sq. ft.
■ Carpet Area: 6116 sq ft
■ Category: Commercial
■ Efficiency 70% (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 13 Kms
Option 6
Vipul Plaza, Golf Course Road, Gurgaon
Location Map:
Vipul Plaza
Floor Plan:
Overview: Golf Course Road
Pros Cons
Possibly the most
premium micro
market of Gurgaon
Distance from NH-8 (likely
to improve significantly after
the 16 lane expressway takes
shape)
Mostly Grade A
buildings which are
well maintained
High cost of real estate as
compared to other micro
markets in Gurgaon
Has offices of a large
number of world
renowned companies
Construction of Rapid Metro
is likely to cause hindrance
on this stretch over the next
2 years
Close proximity to
premium housing
Poor public transportation at
present
Key Characteristics
• A premium corporate hub with presence of a large number of multi national companies
• Grade A buildings with good quality infrastructure & roads
• Tenant Profile – IT/ITeS, Consulting, Automobiles, Retail, Banking & Finance, Oil & Petroleum
• Average Rental Values : INR 80-100 per sq. ft. per month ($1.3 - $1.6)
• Average Capital Values : INR 13000-17000 per sq. ft. ($210- $280)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant Guthy Renker
Asking Price INR 27.5 Million / USD
Annual Rent INR 2.1 Million / USD 35,593
Annual Yield 7.6%
Type of Ownership Freehold
Lease Period 5 Years (3+2 )
Lock in Period 3 Years
Escalation in Rent 5% on the base rent every year
■ Total Development: 3,00,000 sq. ft (Appx)
■ Floor Plate: 50,000 sq ft (Appx)
■ No. of Floors: 3B + G + 5
■ Floor Offered : Fourth
■ Super Area: 1750 sq. ft.
■ Carpet Area: sq ft
■ Category: Commercial
■ Efficiency: 65% (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 22 Km.
Option 7
Centrum Plaza, Golf Course Road, Gurgaon
Location Map:
Centrum Plaza
Floor Plan:
Fourth Floor;
Centrum Plaza, Gurgaon
Overview: Golf Course Road
Pros Cons
Possibly the most
premium micro
market of Gurgaon
Distance from NH-8 (likely
to improve significantly after
the 16 lane expressway takes
shape)
Mostly Grade A
buildings which are
well maintained
High cost of real estate as
compared to other micro
markets in Gurgaon
Has offices of a large
number of world
renowned companies
Construction of Rapid Metro
is likely to cause hindrance
on this stretch over the next
2 years
Close proximity to
premium housing
Poor public transportation at
present
Key Characteristics
• A premium corporate hub with presence of a large number of multi national companies
• Grade A buildings with good quality infrastructure & roads
• Tenant Profile – IT/ITeS, Consulting, Automobiles, Retail, Banking & Finance, Oil & Petroleum
• Average Rental Values : INR 80-100 per sq. ft. per month ($1.3 - $1.6)
• Average Capital Values : INR 13000-17000 per sq. ft. ($210- $280)
Option 1
Financials & other details:
Current Status Leased
Tenant M/S Larsen & Toubro
Asking Price INR 55.6 Million/ USD 0.92 Million
Annual Rent INR 3.89 Million/ USD 64963
Annual Yield 7%
Type of Ownership Freehold
Lease Period 5 Years (3+2 )
Lock in Period 3 Years
Escalation in Rent 15% on the base rent after three years
■ Total Development: 6,50,000 sq. ft. (Appx)
■ Floor Plate: 15,000 - 38,000 sq ft (Appx)
■ No. of Floors: 3B + G + 13
■ Floor Offered : Sixth
■ Super Area: 5239 sq. ft.
■ Carpet Area: 3667 sq ft
■ Category: IT/ITeS
■ Efficiency 70 % (Appx.)
■ Location: Faridabad
■ Quality of Construction: A Grade
■ Distance from the Metro 1 Km.
Option 8
Vatika Mindscapes, Mathura Road
Location Map:
Floor Plan:
Overview: Mathura Road
Pros Cons
Excellent visibility on
from the main
highway
Perceived to be poor cousin of
South Delhi
Close proximity to
premium micro
markets like Jasola in
South Delhi
Presence of sick industrial
units influences the
perception
Comparatively
cheaper real estate
costs
Traffic snarls (which are now
easing due to variety of
infrastructure initiatives)
Bang on the metro
corridor
Grade A buildings are far
and few
Key Characteristics
• Important stretch that links South Delhi with Faridabad
• Combination of Commercial, Retail, IT/ITeS and industrial projects line up this stretch
• Tenant Profile – IT/ITeS, Automobiles, Retail, Banking & Finance
• Average Rental Values : INR 55 -70 per sq. ft. per month ($0.9 - $1.2)
• Average Capital Values : INR 7300-9300 per sq. ft. ($120- $150)
Option 1
Financials & other details:
Current Status Under Construction
Expected Completion June 2016
Asking Price INR 39,00,000 / USD 65000
Assured Returns 11% till possession and 10% after
possession (for 36 months)
Expected Annual Rent INR 3,90,000 / USD 6500
Expected Annual Yield 9%
Type of Ownership Freehold
Developer support for
leasing
Yes
Availability of larger units Yes
■ Total Development: 6,50,000 sq.ft (Appx)
■ Floor Plate: 15,000 - 38,000 sq ft (Appx)
■ No. of Floors: 3B + G + 13
■ Floor Offered : Multiple Opt.
■ Super Area: 500 sq. ft.
■ Carpet Area: 350 sq ft
■ Category: IT/ITeS
■ Efficiency 70 % (Appx.)
■ Location: Faridabad
■ Quality of Construction: A Grade
■ Distance from the Metro 1 Km.
Option 9
Vatika, Mindscapes, Mathura Road
Location Map:
Floor Plan:
Overview: Mathura Road
Pros Cons
Excellent visibility on
from the main
highway
Perceived to be poor cousin of
South Delhi
Close proximity to
premium micro
markets like Jasola in
South Delhi
Presence of sick industrial
units influences the
perception
Comparatively
cheaper real estate
costs
Traffic snarls (which are now
easing due to variety of
infrastructure initiatives)
Bang on the metro
corridor
Grade A buildings are far
and few
Key Characteristics
• Important stretch that links South Delhi with Faridabad
• Combination of Commercial, Retail, IT/ITeS and industrial projects line up this stretch
• Tenant Profile – IT/ITeS, Automobiles, Retail, Banking & Finance
• Average Rental Values : INR 55 -70 per sq. ft. per month ($0.9 - $1.2)
• Average Capital Values : INR 7300-9300 per sq. ft. ($120- $150)
Option 1
Financials & other details:
Current Status Under Construction
Expected Completion December 2017
Asking Price INR 8.66 Million/ USD 0.144 Mill
Assured Returns 10.5% till possession and 9% after
possession (for 36 months)
Expected Annual Rent INR 7,80,000 / USD 13000
Expected Annual Yield 9%
Type of Ownership Freehold
Developer support for
leasing
Yes
Availability of larger units Yes
■ Total Development: 5,69,765 sq.ft (Appx)
■ Floor Plate: 24,000 sq ft (Appx)
■ No. of Floors: 3B + G + 6 & G + 35
■ Floor Offered : Multiple Options
■ Super Area: Min 500 sq. ft.
■ Carpet Area: 325 sq ft
■ Category: Commercial
■ Efficiency 65 % (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 17 Km.
Option 10
Vatika, One On One, Sector - 16, Gurgaon
Location Map:
Vatika One On One
Site Plan:
Sector 16, Gurgaon
Pros Cons
Modern buildings that are
easily accessible from the
NH-8
Distance from the CBD
Close proximity to the
international airport
Insufficient public
transportation
provisioning at present
Scalability options easily
available
A lot of buildings in the
vicinity are poorly
maintained
High cost of real estateTraffic Congestion during
peak hours
Key Characteristics
• Excellent accessibility from the NH-8 with high visibility & branding
• Likely to be a first of its kind, world class development with some of the highest structures
• Tenant Profile – IT/ITeS, FMCG, Banking, Retail, Consulting, Telecom companies
• Average Rental Values : INR 80 - 110 per sq. ft. per month ($1.3 - $1.8)
• Average Capital Values : INR 13,000-18,000 per sq. ft. ($220- $300)
Option 1
Financials & other details:
Current Status Ready to be leased
Tenant Not yet leased
Asking Price INR 35.99 Million / USD 0.61 Million
Expected Annual Rent INR 3.54 Million/ USD 59092
Expected Annual Yield 9.85%
Type of Ownership Freehold
Expected Lease Period 9 Years (3+3+3 )
Expected Lock in
Period
3 Years
■ Total Development: 14,00,000 sq.ft (Appx)
■ Floor Plate: 84,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 12
■ Floor Offered : Sixth
■ Super Area: 5372 sq. ft.
■ Carpet Area: 3760 sq ft
■ Category: IT/ITeS
■ Efficiency 70% (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 11
Spaze IT Park, Sohna Road, Gurgaon
Location Map:
Spaze IT Park
Floor Plan:
Sixth Floor;
Spaze IT Park, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well maintained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Ready to be leased
Tenant Not yet leased
Asking Price INR 6.7 Million / USD 111,666
Expected Annual Rent INR 0.66 Million/ USD 11000
Expected Annual Yield 9.85%
Type of Ownership Freehold
Expected Lease Period 9 Years (3+3+3 )
Expected Lock in Period 3 Years
■ Total Development: 14,00,000 sq.ft (Appx)
■ Floor Plate: 84,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 12
■ Floor Offered : Sixth
■ Super Area: 1000 sq. ft.
■ Carpet Area: 700 sq ft
■ Category: IT/ITeS
■ Efficiency 70% (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 12
Spaze IT Park, Sohna Road, Gurgaon
Location Map:
Spaze IT Park
Floor Plan:
Sixth Floor;
Spaze IT Park, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well maintained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Under Construction
Expected Completion December 2016
Asking Price INR 2.625 Million / USD 44,492
Assured return till possession 14%
Pre-lease rental for 3 years
post possession
INR 2,40,000 / USD 4068
Expected Annual Yield 9.14 %
Type of ownership Leasehold
Developer support for leasing Yes
Availability of larger units Yes
■ Total Development: 9,14,760 sq.ft (Appx)
■ Floor Plate: 15,000 sq ft (Appx)
■ No. of Floors: 3B+G+14
■ Floor Offered: 7-8-9-10
■ Super Area: 500 sq. ft.
■ Carpet Area: 335 sq ft
■ Category: IT / ITeS
■ Efficiency: 67% (Appx.)
■ Location: Gr. Noida
■ Quality of Construction: A Grade
■ Type of development: Mixed Use
Option 13
Imperia H2O Onyx, KP-5, Greater Noida West
Location Map:
Imperia H2O Onyx
Site Plan:
Overview: Greater Noida
Pros Cons
Located in the 4th largest
BPO hub of IndiaDistance from the airport
Largest residential hub
around 250000 homes in
radius of 5 km
Currently no metro
network (Proposed to be
connected)
Connected by 5
expressways including
FNG
Attracting skilled
manpower still remains a
challenge
Presence of sport
complex, stadium, golf
course and institutions
Occasional incidents of law
& order
Key Characteristics
• Arguably one of the most well planned cities in the National Capital Region with excellent infrastructure
• Presence of large number of corporates such as Honda, Yamaha, LG, Moserbear, Minda, Samsung, Wipro, HCL,
NIIT etc.
• Tenant Profile – IT/ITeS, Automobiles, Consumer Durables
• Average Rental Values : INR 25-40 per sq. ft. per month ($0.40 - $0.70)
• Average Capital Values : INR 4000 - 5000 per sq. ft. ($75 - $80)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant M/S Asian Oilfield Services Ltd.
Asking Price INR 23.1 Million / USD 385,728
Annual Rent INR 17,35,776 / USD 28,929
Annual Yield 7.5 %
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 3 Years
Escalation in Rent 15% at the end of three years
■ Total Development: 3,36,000 sq.ft (Appx)
■ Floor Plate: 35,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 10
■ Floor Offered : Tenth
■ Super Area: 2296 sq. ft.
■ Carpet Area: 1607 sq ft
■ Category: IT/ITeS
■ Efficiency 70 % (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 14
Iris Tech Park, Sohna Road, Gurgaon
Location Map:
Iris Tech Park,
Sohna Road
Floor Plan:
Tenth Floor;
Iris Tech Park, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well maintained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant M/S American Swan Lifestyle Company
Pvt. Ltd.
Asking Price INR 27.5 Million / USD 466,589
Annual Rent INR 20,64,660 / USD 34,994
Annual Yield 7.5 %
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 2 Years
Escalation in Rent 15% at the end of three years
■ Total Development: 3,36,000 sq.ft (Appx)
■ Floor Plate: 35,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 10
■ Floor Offered : Seventh
■ Super Area: 2647 sq. ft.
■ Carpet Area: 1853 sq ft
■ Category: IT/ITeS
■ Efficiency 70 % (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 15
Iris Tech Park, Sohna Road, Gurgaon
Location Map:
Iris Tech Park,
Sohna Road
Floor Plan:
Seventh Floor;
Iris Tech Park, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well maintained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant M/S Getit Infoservices Pvt. Ltd.
Asking Price INR 17.19 Million / USD 291,295
Annual Rent INR 12,88,980 / USD 21847
Annual Yield 7.5 %
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 3 Years
Escalation in Rent 15% at the end of three years
■ Total Development: 3,36,000 sq.ft (Appx)
■ Floor Plate: 35,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 10
■ Floor Offered : Fourth
■ Super Area: 1705 sq. ft.
■ Carpet Area: 1194 sq ft
■ Category: IT/ITeS
■ Efficiency 70 % (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 16
Iris Tech Park, Sohna Road, Gurgaon
Location Map:
Iris Tech Park,
Sohna Road
Floor Plan:
Fourth Floor;
Iris Tech Park, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well maintained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant M/S Kvantum Marketing Insights Pvt.
Ltd.
Asking Price INR 26 Million / USD 440,678
Annual Rent INR 19,50,000 / USD 33,050
Annual Yield 7.5 %
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 3 Years
Escalation in Rent 15% at the end of three years
■ Total Development: 3,36,000 sq.ft (Appx)
■ Floor Plate: 35,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 10
■ Floor Offered : Ninth
■ Super Area: 2500 sq. ft.
■ Carpet Area: 1750 sq ft
■ Category: IT/ITeS
■ Efficiency 70 % (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 17
Iris Tech Park, Sohna Road, Gurgaon
Location Map:
Iris Tech Park,
Sohna Road
Floor Plan:
Ninth Floor
Iris Tech Park, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well maintained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Option 1
Financials & other details:
Current Status Leased in a furnished format
Tenant M/S AD2C India Pvt. Ltd.
Asking Price INR 27.3 Million / USD 462,188
Annual Rent INR 20,45,184 / USD 34,664
Annual Yield 7.5 %
Type of Ownership Freehold
Lease Period 9 Years (3+3+3 )
Lock in Period 3 Years
Escalation in Rent 15% at the end of three years
■ Total Development: 3,36,000 sq.ft (Appx)
■ Floor Plate: 35,000 sq ft (Appx)
■ No. of Floors: 3B + G+ 10
■ Floor Offered : Fourth
■ Super Area: 2663 sq. ft.
■ Carpet Area: 1864 sq ft
■ Category: IT/ITeS
■ Efficiency 70 % (Appx.)
■ Location: Gurgaon
■ Quality of Construction: A Grade
■ Distance from the Airport 19 Kms
Option 18
Iris Tech Park, Sohna Road, Gurgaon
Location Map:
Iris Tech Park,
Sohna Road
Floor Plan:
Fourth Floor;
Iris Tech Park, Gurgaon
Overview: Sohna Road
Pros Cons
Affordable real estate
costsUpcoming infrastructure
Close proximity to
residential apartments
Chaotic traffic condition
during office hours
Availability of Grade A
buildings
Accessibility is an issue
with limited public
transportation options
Plenty of real estate
options to choose from
Distance from the airport
and other parts of Delhi
Key Characteristics
• Emerging hub with comparatively cheaper real estate options in close proximity to residential colonies
• Newly constructed Grade A buildings which are generally well maintained
• Tenant Profile – IT/ITeS, Banking & Finance, Automobile companies and showrooms
• Average Rental Values : INR 40-55 per sq. ft. per month ($0.7 - $0.90)
• Average Capital Values : INR 5000-8000 per sq. ft. ($80- $130)
Thank You
Blue Stone Projects Private Limited
Level 4, Augusta Point
Golf Course Road, Gurgaon 122002
Website: www.bluestonepartners.in
India: Gaurav Passi
Mobile: +91 9871535264
E Mail: [email protected]
USA: Bhavna Singh Australia: Sushie Diwedi
Mobile: +1 510 552 8894 Mobile: +61 413 395 569
E Mail: [email protected] E Mail: [email protected]
