360 Realtors forays into fractional ownership space

financialexpress.com:

360 Realtors, India’s leading institutional channel partner (ICP), has forayed into the fractional ownership space through its new company 360 FRXNL. The newly-incubated entity will offer transparent and seamless transaction facilities across multiple assets, including commercial, residential, industrial, plots, and much more. The company aims at offering institutional-quality deals with the flexibility & convenience of retail investment.

In the next 12 months, 360 FRXNL is aiming at a fundraising of close to Rs 500 crore. In another 3 years, it is eyeing a cumulative total of Rs 1850 crore.

“360frxnl.com is our attempt to democratize the realty transaction space in India. Through the platform, one can invest in one or more profit-generating assets and earn higher returns. Real estate has a unique proposition. It is a relatively low-risk but high-return tangible asset. However, the higher acquisition cost of properties sometimes undermines investors’ ability to participate in the segment. With FRXNL we are set to reverse the norm. Now with even Rs 10 lakh, one can own a part of a property and make elevated yields,” said Ankit Kansal, MD & Founder, 360 Realtors.

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The global fractional AUM market is on an upswing. As per the report by Knight Frank, the market was sized at USD 5.4 billion in 2020 and is slated to reach USD 8.9 billion by 2025, growing at a CAGR of 10.5%. The concept is already very popular in the UK, Singapore, Hong Kong, and Australia.

In India, the market is sized at USD 487 million (INR 4000 crores) and has grown by 170% in the past 4 years. The potential is much vast though. In the grade-A office alone there is a gross