Quantum Tower, Malad West, Mumbai, India

INVESTMENT SUMMARY

Quantum Towers is a glass façade A grade commercial office tower located at SV Road, Malad West, Mumbai. It is occupied by large corporations such as Tata Capital, Bajaj Allianz, Max Life insurance and other mid size companies.

Nuvo owns 10,000 sq.ft. of space in this tower – 7 adjacent offices ranging from 1100 to 2800 sq.ft. All of them are occupied by stable tenants.


INVESTMENT RATIONALE

  • High growth area
  • Acquired in 2009 during new launch stage below market price
  • Excellent capital appreciation prospects
  • High Rental Yield post possession

Samruddhi Business Park, Mindspace, Malad West, Mumbai

INVESTMENT SUMMARY

It is a commercial complex with smaller office sizes in high demand with startups and professionals such as CAs, advertising, financial market traders. It is in the vicinity of Mindspace which houses back office operations of multinational corporations.


INVESTMENT RATIONALE

·  High economic growth of the city

·  Very high growth area

·  Acquired as a pre-leased asset in 2004

·  Excellent capital appreciation prospects

·  Rental Yield of 10% on acquisition

Nahar Amrit Shakti, Chandivali, Andheri East, Mumbai

INVESTMENT SUMMARY

It is a big residential complex in the vicinity of up market Powai locality. We did a bulk buying deal with the developer along with co investors and got a very attractive acquisition rate.


INVESTMENT RATIONALE

  • Closer to the international airport
  • Closer to the commercial hub of Andheri East
  • Acquired in the launch stage in 2007
  • Excellent capital appreciation prospects

Jay Mahaveer Market, Ring road, Surat

INVESTMENT SUMMARY  

It is a standalone commercial building with 70 shops located at busy textile wholesale market of Surat. The project was developed in joint venture by us, right from land acquisition, project planning, construction, leasing and property management. It is tenanted by textile dealers.


INVESTMENT RATIONALE  

  • High economic growth of the city
  • Very high growth area
  • Developed in late 1990s
  • Excellent capital appreciation prospects
  • High Rental Yield post possession

Krishna Market, Ring road, Surat

INVESTMENT SUMMARY  

It is a standalone commercial building with 75 shops located at busy textile wholesale market of Surat. The project was developed in joint venture by us, right from land acquisition, project planning, construction, leasing and property management. It is tenanted by textile dealers.


INVESTMENT RATIONALE  

  • High economic growth of the city
  • Very high growth area
  • Developed in early 2000s
  • Excellent capital appreciation prospects
  • High Rental Yield post possession