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Hbits to Invest 500 Crore in Fractional Ownership in India

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Hbits to Invest 500 Crore in Fractional Ownership in India

Hbits to Invest 500 Crore in Fractional Ownership in India

Hbits to Invest 500 Crore in Fractional Ownership in India

Hbits to Invest 500 Crore in Fractional Ownership in India

Fractional Ownership is a New Asset Class which is growing leaps and bounds and for real estate investors in Mumbai, Pune, Bengaluru, the opportunities are galore.

HBits is one of the premier fractional ownership platform is looking to raise Rs.500 Crores through an Alternative Investment Fund to invest in Offices, Data Centres and Ware Housing projects where the returns are the highest for investors. Data Centres and Ware Housing spaces are usually located away from the city centre and since the real estate for them is customised to the needs like of the Data Centres or the Warehousing, the returns are higher the commitment is usually for a long term much in advance.

Hbits started operations in India in 2019 and they are currently managing assets of around 150 Crores. In Mumbai they are managing buildings like Ackruti Centre Point, Times Square, Der Deutsche Parkz who have tenants like Mane, IIFL, Smartworks, Persistent, ICICI Bank, Viaante, Auditime, ATPI, Ingenico Group etc.

Real Estate as an asset class is evolving in all respects, the Prop Tech approach with Data Science/Artificial Intelligence is creating newer vistas for either the property buyer, seller or the investor in the Indian Property Market and especially in Metros where there are A grade commercial properties and also A grade tenants. Commercial returns are much more than the conventional residential and with limited avenues for small real estate avid investors, investing in higher returns assets is a great opportunity.

For a New Investor, Fractional Ownership typically is a percentage ownership or an asset which is split between individual shareholders or a pool of investors who fund the purchase of the asset under a LLP or a Single Entity which holds the unit.

A single holding of a Unit/real estate or a property reduces the financial investment by a Single/Individual investor to own a Premium Property and all the Investors become shareholders and split the returns of the lease and cost of operations etc. The managing company takes a fee to manage the real estate.

Hbits approach to acquire assets which will perform the highest with easy exit to investors will be an ideal bet in the fractional ownership market in India.
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About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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