SmartOwner forays into commercial realty with techpark in Bengaluru

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SmartOwner Services India, a property investment management marketplace company, is now foraying into the commercial office space sector after executing residential projects.

“For our entry, we have taken up five lakh square feet grade A project – One-Tech-Park at Hebbal in Bengaluru with an outlay of over Rs 100 crore,” Vikram Chari, founder & CEO of SmartOwner told BusinessLine.

“The project being a LEED Platinum rating, it will be executed in two phases of 2.5 lakh each. The phase I will be ready for occupation by the end of this calendar year,” he added.

The company is also working on a coworking space project in Pune.

Smart owner, in its residential business, has six projects which include luxury villas, apartments, integrated townships with a capital outlay of ₹600 crores.

Chari said “At the moment, we have taken up two apartments, one villa plus plot project which is RERA approved for marketing. While two villa projects are in advance planning stages.”

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