Amongst emerging trends within the last 5 years, Fractional Ownership has become a popular concept to democratize Real Estate ownership for investors in India. According to a recent report from Knight Frank, the market for fractional ownership in India is projected to grow from $5.4 billion in 2020 to $8.9 billion in 2025.
As this space grows, SEBI has recently approved the framework for Medium, Small and Micro REITs, with the aim of formalising this sector to protect investors and standardise best practices across the Fractional Ownership Space.
To talk to us about these regulations, the fractional investment process and the future of such MSM REITs, we have with us today the Founder and CEO of the fractional ownership platform hBits, Mr. Shiv Parekh.
After a BS in Engineering Physics from Stanford University and an MBA from Harvard Business School, Mr Parekh is no stranger to real estate entrepreneurship, having founded WorkLoft in 2015, then one of India’s first few Coworking players. In 2018 he founded HBits, as one of the first players in the fractional ownership space in India. Today, hBits has AUM of approximately 310 crore INR from their 10 existing properties, and more than 90,000 registered users on their platform.
Have questions about Real Estate? Or topic you would love to hear more about on the Podcast?
Connect with Concrete Conversations - The Indian Real Estate Podcast through the links below!
Instagram: https://www.instagram.com/theindianrealestatepodcast/
LinkedIn :https://www.linkedin.com/company/concrete-conversations
YouTube - https://www.youtube.com/channel/UCXn-Aw24pqfmULyym7hCi6Q
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.