Building Owner Partnership — We Operate. You Earn.
The 3-Party Joint Venture Model
This structure aligns incentives: the building owner gets passive income without operational risk, the operator scales the business with zero real estate capex, and the fitout investor secures priority returns. Conflicts are minimized because each party controls their own capital and risk.
Innovspace operates, you earn rent plus profit share, and all fitout assets (typically ₹3Cr+) remain yours at exit.
Contributes commercial property. Receives guaranteed rent + profit share + ₹3Cr+ fitout assets at exit. Retains full ownership with zero operational risk.
Contributes operations, brand & tenant relationships. Receives management fees + revenue share. Zero real estate capex.
Contributes ₹3Cr+ fitout capital. Receives priority revenue share until capital recovered. Assets secured throughout.
Sample ROI Projection
Illustrative earnings for a 10,000 sqft commercial property in Coimbatore's IT corridor.
Base rent ₹13L/month (assuming 60% occupancy ramp) = ₹1.56Cr + profit share (assume 8% on revenue surplus) = ₹20L. Total Year 1 owner earnings: ₹1.76Cr.
85% occupancy, base rent ₹15L/month + profit share ₹35L/month = ₹1.8Cr/year + dividends = ₹1.95Cr/year.
(Note: Projections are illustrative; actual performance depends on market conditions, occupancy ramp, and operational excellence. We provide financial models post-assessment.)
The Opportunity
Commercial real estate in Coimbatore is experiencing unprecedented demand from enterprise teams relocating from Bangalore and Chennai. Large organizations seek move-in-ready managed offices with zero capex, infrastructure redundancy, and compliance certainty. Yet many property owners in SITRA, Kalapatti, and surrounding corridors have underutilized or vacant commercial buildings. The opportunity is clear: convert idle square footage into a recurring revenue stream with zero infrastructure investment from you. Innovspace brings the operational expertise, tenant relationships, brand, and facilities management capability that transforms a static asset into a dynamic revenue machine.
Frequently Asked Questions
Everything you need to know about partnering with Innovspace, asset ownership, and commercials.
In a lease you get fixed rent. In our JV you get rent plus a share of the operating profit, and all fitout assets (typically ₹3Cr+) remain with you. Innovspace operates the space; we do not invest in fitout.
No. You can fund the fitout if you prefer, but if you don't, Innovspace brings third-party investors who fund it. They earn revenue share until capital recovery; assets still transfer to you. Innovspace never invests in fitout.
Third-party investors we source. They fund the fitout and earn a revenue share until their capital is recovered. The fitout and assets remain in your building and revert to you.
Innovspace bears the operational risk of filling the space. Our incentive is to keep occupancy high so both you and we earn. Terms are structured to align interests.
You retain full ownership of the property. We operate under a JV agreement that defines rent, profit share, and responsibilities. You are not a passive landlord — you share in the upside.
IT corridor locations in and around Coimbatore — SITRA, Kalapatti, and similar. We look for 5K–25K sqft, commercial buildings, ready or under construction.
Compare total returns: fixed rent vs rent + profit share + asset retention. Many owners find the JV delivers higher effective returns and keeps the fitout value on their balance sheet.