Media Release
Mangaluru, Aug 26: Vertex Workspace, the managed-workspace arm of Mukund Realty, has listed its fully operational Vertex Ashoka Business Centre at Bejai Kapikad on Alt DRX, a digital real-estate investment platform. The listing enables individual and small investors to participate in the commercial asset through smaller digital units, with investment starting at 1 sq ft at an indicative price of approximately Rs 16,000 per sq ft.
The concept is similar in principle to shareholding, where a large asset is divided into smaller units of participation. Instead of investing several crores to acquire an entire commercial property, individual investors can participate in a portion of an operating asset, earn a proportionate share of its rental income and, subject to the applicable terms, sell or transfer their units.
Vertex Ashoka: An operating commercial asset
Located at Bejai Kapikad, Vertex Ashoka is a professionally managed business centre and one of Mangaluru’s largest organised office spaces. The centre houses global companies and growing businesses and offers meeting and training facilities, breakout areas, a cafeteria, parking and other business amenities.
The Alt DRX listing brings this existing commercial asset within the reach of a wider group of investors. It also offers an opportunity to understand an emerging model of digital and fractional participation in commercial real estate.
“Vertex Ashoka represents the kind of commercial infrastructure that Mangaluru increasingly needs as the city’s technology and business ecosystem grows. Through Alt DRX, we are making it possible for a wider group of investors to participate in an operating commercial asset. We encourage prospective investors to visit the centre, see the facilities and understand the opportunity before making their investment decision,” said Gurudatta Shenoy, managing partner, Mukund Realty.
A new avenue for participation in Mangaluru’s growth
Commercial real estate has traditionally required substantial capital, putting high-value properties beyond the reach of many individual investors. The digital model offered through Alt DRX lowers the entry barrier by enabling participation through smaller units.
Mangaluru’s real-estate market has traditionally been centred largely around residential property. However, the growth of technology companies, GCCs, professional services and new-age businesses is creating greater demand for quality commercial infrastructure. The Vertex Ashoka listing brings together an operating commercial workspace and a technology-enabled investment platform, offering a new way for individuals to participate in this segment.
Schedule a visit to Vertex Ashoka
Prospective investors can visit Vertex Ashoka at Bejai Kapikad to experience the workspace, facilities and business environment and understand the asset before making an investment decision. Further details on participation through Alt DRX are available, with investment starting at an indicative price of approximately Rs 16,000 per sq ft.
For enquiries and to schedule a visit to Vertex Ashoka: +91 7090933900
About Vertex Workspace
Vertex Workspace is the managed-workspace arm of Mukund Realty. It operates fully fitted-out, professionally managed commercial workspaces in Mangaluru, providing workspace solutions and business infrastructure for global companies, growing enterprises and emerging businesses.