Mumbai: Puravankara has successfully monetised its commercial properties in Chennai and Bangalore this year. The myth that investments into commercial properties can be afforded only by very high net worth individuals, has been broken. Puravankara has made it possible for customers from across section of income profiles to buy into Grade A office space and enjoy both capital appreciation as well as earn attractive monthly rental returns from large corporate tenants.
Buoyed by the successful sale of its commercial projects in Chennai and Bangalore, Puravankara is now launching Purva Summit, its Grade A Office Space in Hi-Tech City (Kondapur), in Hyderabad. Puravankara has been overwhelmed by the “Expressions of Interest” it has received form potential buyers for Purva Summit, which has been oversubscribed by twice the amount of area that it intends to sell. This has reiterated the belief that markets always respond well to “Quality Products” that are, designed& priced well and offered by Grade A developers such as Puravankara.
Purva Summit offers real estate buyers with an opportunity to invest in Grade-A Office spaces at ticket sizes starting from Rs. 25 lacs onwards. Commercial office spaces, especially Grade-A office spaces, offer real estate buyers with a unique opportunity of enjoying capital appreciation and at the same time earn a superior inflation-adjusted monthly rental income.
Mr. Ashish Puravankara, expressed: “The Real Estate sector in Hyderabad seems to have stabilised and we are likely to see an upsurge in transactions as well as commercial activity going forward. The low vacancy levels in Grade A office Space makes Hyderabad an attractive destination for investments into commercial properties”.