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 Pro