Axis Ecorp Partners with FOIC and Moneytree Realty to Revolutionize Luxury Real Estate with Fractional Ownership
Axis Ecorp is set to offer luxury suites in North Goa through a fractional ownership model, targeting revenue of up to Rs 100 crore in the current financial year.
Fractional OwnershipLuxury Real EstateIndian Real Estate MarketNorth GoaMopa RegionReal EstateAug 23, 2024
Through this collaboration, Axis Ecorp aims to offer its first lot of luxury suites in the coveted North Goa, near the rapidly developing MOPA region. This exclusive offering provides a rare opportunity for discerning investors to own a portion of these high-end suites, bringing luxury living within reach in one of India’s most desirable destinations.
The subscription window will be open for only a limited period to the first 200 subscribers. FOIC will oversee the property management, ensuring world-class service and maintenance, while Moneytree Realty will spearhead subscriber acquisition.
The fractional ownership model is rapidly gaining traction in India, providing investors with a cost-effective way to own high-value assets. According to a recent report by property consulting firm JLL, the fractional ownership market in India is projected to grow over ten times and exceed $5 billion by 2030.
Axis Ecorp aims to leverage this burgeoning trend, targeting revenues of up to Rs 100 crore through this initiative within the current financial year. With three additional lots planned, the company is committed to democratising access to luxury real estate.
Aditya Kushwaha, CEO and director of Axis Ecorp, said, “With this fractional ownership model, we are not just selling luxury suites; we are offering a dream lifestyle and a solid investment opportunity to every aspiring homeowner in the tourism capital of the country.”
Sachin Arora, founder and director of Moneytree Realty, said, “Partnering with Axis Ecorp on this groundbreaking initiative allows us to bring a unique and high-return investment in luxury real estate to the forefront, ensuring our subscribers benefit from this emerging trend.”
Tarandeep Singh, director at FOIC, said, “Our expertise in property management ensures that investors will benefit from top-notch maintenance and service. We are eager to expand further into the fractional ownership space with this and other projects.”
About Axis Ecorp
Axis Ecorp is a leading player in the premium holiday homes and second homes segment, offering luxury living experiences to discerning investors.
About FOIC
Fractional Ownership Investment Community (FOIC) is a property management company that provides world-class service and maintenance to investors in the fractional ownership space.
About Moneytree Realty
Moneytree Realty is a real estate company that specializes in subscriber acquisition and offers unique investment opportunities in luxury real estate.
Frequently Asked Questions
What is fractional ownership?
Fractional ownership is a model where multiple investors own a portion of a high-value asset, such as a luxury property.
How does Axis Ecorp's fractional ownership model work?
Axis Ecorp's fractional ownership model allows investors to own a portion of luxury suites in North Goa, with FOIC overseeing property management and Moneytree Realty handling subscriber acquisition.
What is the target revenue for Axis Ecorp's fractional ownership initiative?
Axis Ecorp aims to generate revenue of up to Rs 100 crore through this initiative within the current financial year.
What is the growth potential of the fractional ownership market in India?
According to a JLL report, the fractional ownership market in India is projected to grow over ten times and exceed $5 billion by 2030.
What are the benefits of investing in fractional ownership?
Investing in fractional ownership provides a cost-effective way to own high-value assets, with benefits including luxury living, solid investment opportunities, and world-class service and maintenance.
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