Ayodhya's Real Estate Boom: Fractional Ownership Platform Closes ₹10.40 Crore Land Deal
The Indian fractional ownership market is taking a leap forward, making high-value real estate accessible to a broader audience through fractional ownership and property tokenization.
Fractional OwnershipReal EstateAyodhyaIndiaInvestmentReal EstateJul 13, 2024
This deal signifies a step forward in making high-value real estate accessible to a broader audience through fractional ownership and property tokenization. Fundbezzie assisted RealX as a strategic partner in the deal. According to Manish Kumar, Cofounder and CEO of RealX, 'Ayodhya is one of the top appreciating property markets today. With support from central and state governments, the town is poised for rapid growth.'
The fractional ownership market of real estate in India is evolving rapidly, with the market expected to touch ₹4,500 billion by 2026. Fractional ownership is the shared owning of an asset among a group of people, where each owner holds a part of the asset and shares the benefits and responsibilities that come with it.
Several fractional ownership platforms have started the process of registering under SEBI's new SM REIT rules. SEBI had announced earlier that it will regulate fractional ownership platforms offering real estate assets through small and medium REITs. Registration of existing FOPs and new ones is mandatory under SEBI.
The Indian fractional ownership market is predicted to grow over 10 times to surpass $5 billion by 2030, according to an analysis by JLL and Propshare. With deals like RealX's Ayodhya land deal, the market is clearly on the path to achieving this growth.
Information
RealX is a Pune-based fractional ownership platform that aims to make high-value real estate accessible to a broader audience through fractional ownership and property tokenization. Fundbezzie is a strategic partner that assisted RealX in the deal.
RealX is a fractional ownership platform that offers investors the opportunity to participate in high-value real estate ownership with fractional shares and minimum investment ranging from Rs. 10-25 lakh.
Frequently Asked Questions
What is fractional ownership?
Fractional ownership is the shared owning of an asset among a group of people, where each owner holds a part of the asset and shares the benefits and responsibilities that come with it.
How big is the Indian fractional ownership market?
The Indian fractional ownership market is currently estimated at around $500 million and is expected to grow 10 times in the next five years to surpass $5 billion.
What is the expected growth of the fractional ownership market in India?
The Indian fractional ownership market is predicted to grow over 10 times to surpass $5 billion by 2030.
What is SEBI's role in regulating fractional ownership platforms?
SEBI will regulate fractional ownership platforms offering real estate assets through small and medium REITs. Registration of existing FOPs and new ones is mandatory under SEBI.
What is the minimum investment required for fractional ownership in real estate?
The minimum investment required for fractional ownership in real estate ranges from Rs. 10-25 lakh.
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