Investment Thesis
Excellent Location
The asset is located in Hinjewadi, a major IT hub in Pune and home to a large number of established MNCs and Indian technology giants.
Upcoming Infrastructure
The asset lies in close proximity to an upcoming metro line and Pune-Mumbai expressway. These infrastructure improvements are likely to increase asset valuations significantly.
Overview
This is an opportunity to invest in an industrial land spanning ~5.14 acres with the construction potential 2,24,000 sqft with an investment tenure of 12 to 18 months and a targeted IRR of 18-20%.
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Location
The asset is located in Phase II of Hinjewadi, a major technology & manufacturing hub in Pune. The upcoming metro line (expected in 2026) and the Mumbai-Bengaluru Expressway (expected in 2028) have led to increased commercial interest in the area. The asset is among the very few parcels of land in the area available for development.
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- Airport Pune International Airport - 24 Km
- Highway NH 48 - 10 KM
- Railway Station Pimpri Station - 10 Km
- Upcoming Metro Pall India Station - 0.1 Km
Tenant Details (1)
The tenant is a US based technology company that provides healthcare billing, coding and customized analytics services to some of the USA’s largest healthcare organizations. In 2019, the company was acquired by Baring Private Equity Asia for $320 million. The company has been present in Chennai since inception and already occupies a floor in Prince Infocity II. The asset is a further expansion of its operations in India.
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Pune Growth Opportunity I
- Hinjewadi, Pune 224,000 sqft
- Min Investment
- Gross Entry Yield
- Target IRR
- Target Multiple
₹ 35 Lakhs
0%
18-20%
1.2X