Now buy commercial real estate in leading metros for less than Rs 300 a day | Here’s how
Do you want to own a commercial building or an office or a warehouse in cities like Mumbai, Pune, Bengaluru or Delhi? It’s possible and that too at an investment of as low as Rs 1 lakh, which comes to less than Rs 300 a day, through the fractional ownership model.
Fractional ownership is redefining the rules of real estate in the country. The Indian real estate market is undergoing a whole range of shifts in terms of developments, investments, government reforms, and consumer behavior. Over the last few years, India has witnessed a major shift in digital progress, which has also benefited the real estate market, with internet commerce connecting sellers and buyers across the country.
When a group of investors come together and buy a specific property by pooling money, they get fractional ownership of the property. The biggest advantage of this investment model is that even an investor with limited resources can participate in group buying and own a commercial property, which otherwise would remain a distant dream for him.
On the affordability quotient of the fractional ownership model, Mananki Parulekar, Co-Founder, Claravest Technologies, says that it allows individuals to invest in both residential and commercial real estate with amounts ranging from Rs 1 lakh to Rs 50 lakh.
Also read: Realty Boom in Non-Metros: Top 3 reasons why NRIs are flocking to Tier-2 cities
Additionally, she said, investors can diversify their investments across multiple locations for various strategic reasons, such as Ayodhya for its potential in spiritual tourism and Panvel as a key area in the development phase dubbed “Mumbai 3.0”. Fractional ownership also enables investors to engage in real estate investment virtually, expanding
Read more on financialexpress.com
