🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Proptech startup hBits raises Rs 40 Cr in Series A

EntrackrEntrackr · 1y ago
Proptech startup hBits raises Rs 40 Cr in Series A
Medial

Proptech startup hBits raises Rs 40 Cr in Series A hBits, a platform for investing in commercial real estate, has raised Rs 40 crore in a Series A funding round from Capricon Realty Private Limited, an entity of the Thackersey Group. The Mumbai-based company had previously raised $3.32 million from Shree Naman Group and others. The funds will be used to enhance its AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience, hBits said in a press release. Co-founded by Shiv Parekh and Samir Bhandari, hBits aims to empower commercial real estate investment in India. The platform enables investors to access high-yield, Grade-A commercial properties with an entry ticket as low as Rs 10 lakhs. With an average rental yield of up to 10% and an expected Internal Rate of Return (IRR) of up to 18%, it offers a unique blend of stability and growth, appealing to both new and seasoned investors. According to hBits, it leverages advanced AI technology to analyze market trends, evaluate property performance, and identify the best investment opportunities for its users. This data-driven approach helps reduce risk, optimize returns, and provide a seamless experience for investors. The introduction of SM REITs will further enhance this model by offering a regulated framework that mirrors mutual funds, making commercial real estate investments seamless and structured. hBits says that it aims to capitalize on SEBI’s newly introduced Small and Medium Real Estate Investment Trust (SM REIT) regulations to revolutionize access to Grade-A commercial real estate for individual and institutional investors. hBits aims to triple its Assets Under Management (AUM) from Rs 500 crore to Rs 1,500 crore by the end of the next financial year, driven by the launch of its SM REIT offerings. These offerings will provide investors with regulated, diversified, and high-performing options across India’s key commercial real estate hubs.

New SEBI norms for small, medium REITs likely to bolster investor interest in asset class

VCCircleVCCircle · 1y ago
New SEBI norms for small, medium REITs likely to bolster investor interest in asset class
Medial

The Securities and Exchange Board of India (SEBI) has introduced new regulations for small and medium real estate investment trusts (REITs) in order to increase investor participation in the asset class. The minimum investment amount for fractional ownership in SM REITs has been reduced to INR 10 lakh from INR 25 lakh, making it more accessible for investors to invest in rental-generating commercial and residential real estate assets. The new regulations are expected to boost liquidity in the sector and encourage participation from retail investors. However, industry experts note that sponsors of fractional ownership platforms will still face challenges related to public listings and compliance.

Nila Spaces acquires minority stake in fintech startup Alt DRX

EntrackrEntrackr · 3d ago
Nila Spaces acquires minority stake in fintech startup Alt DRX
Medial

Nila Spaces, a design-led real estate developer, has invested Rs 6 crore to acquire an approximately 1.4% minority stake in Alt DRX, a fintech startup at the forefront of asset and real estate tokenization in India. According to Nila Spaces, the investment signals a decisive step in accelerating the transition of real estate tokenization from early adoption to scaled growth. The current funding round has also seen participation from global institutions and Indian family offices. The Ahmedabad-based company says that the partnership with Alt DRX reinforces the company’s commitment to financial innovation that expands access, transparency, and long-term value creation in housing. The collaboration will focus on developing regulatory-compliant, investor-friendly tokenized housing products, enabling fractional ownership and lowering entry barriers for a wider demographic, while maintaining institutional-grade governance and transparency. Led by Deep Vadodaria, Nila Spaces is a real estate development company part of the Sambhaav Group. It specializes in developing residential and commercial projects, focusing on affordable housing, luxury apartments, and projects within GIFT City. The company has a significant land bank in Gujarat. Launched in 2021 by Anand Narayanan KB, Alt DRX is a Bengaluru-based fintech prop-tech startup that enables fractional ownership of residential real estate, allowing users to buy and sell property in increments as small as 1 square foot. The platform uses blockchain technology (Ripple's XRPL) for secure, transparent transactions and offers rental income alongside potential capital appreciation.

Download the medial app to read full posts, comements and news.