Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

MYRE Capital raises Rs 50 cr for Magarpatta Cybercity Township

Wednesday, 23 Jun 2021
Share this on :
MYRE Capital, a tech-enabled fractional ownership real estate platform and a venture by architect firm Morphogenesis, has raised Rs 50 crore through its offering of Magarpatta Cybercity in Hadapsar, Pune, Maharashtra. 
 
The demand for Magarpatta Cybercity has remained strong with institutional funds and HNI investors primarily being the landlords.
 
MYRE Capital has managed to secure the off-market opportunity and enabled retail investors to participate in the institutional-grade opportunity at a fraction of the price.
 
MYRE has closed funding for two opportunities in Magarpatta and has received 100 percent commitment from investors. The asset size computed for a total of 46,800 sq ft.
 
Cybercity has maintained one of the lowest vacancy rates and boasts of a stellar tenancy profile. The asset is expected to offer investors an average rental yield of 8.8 percent and a targeted IRR of 18.5 percent gross. 
 
These returns significantly outperform traditional investment avenues such as fixed deposits, debt market and corporate bonds. 
 
The opportunities offered by MYRE enable investors to benefit from the stable monthly rental income that is secured by long-term agreements with MNC tenants and additional annual capital appreciation upside. 
 
The assets offered by MYRE Capital are pre-leased properties, therefore investors can start enjoying rentals from the first month of the investment itself. The minimum investment for the assets listed begins from Rs 25 lakh.
 
Post Your Comments
 
 
   
 

 

 
  
Sign up to start your trial access

Are you...



REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services