YieldAsset Aims Rs 100 Cr in Assets By Next Quarter
YieldAsset Real Estate Tech Pvt Ltd, a proptech startup, which enables fractional ownership in institutional grade Commercial Real Estate (CRE) has announced that it aims to have Rs. 100 crore worth assets under management (AUM) by the end of September quarter. YieldAsset has already listed two assets of Grade ‘A’ office space in Mumbai and is in the final stages of signing few more commercial assets in prime locations in Mumbai, Bengaluru and Pune. Since its inception less than a year ago, YieldAsset has created a sizable base of investors in India and overseas. The past listings on the company’s platform have witnessed wide participation from HNIs’, entrepreneurs, professionals and retail investors. The platform uses technology to increase the depth of its investor base and making the whole process of acquisition and management hassle-free. “We are looking forward to scaling up our offerings in coming months. The Grade-A Office real estate remains a preferred asset class for investors to add rental income portfolio owing to the asset's robust fundamentals and resilience. By bringing investors and asset owners in line on a tech-enabled platform, YieldAsset offers the best opportunities to non-institutional investors to participate in this asset classes. YieldAsset is also entering in to strategic partnership with few leading Wealth Management firms to offer fractional ownership of commercial properties to investors associated with them. Going forward, the company will also be looking at other asset classes such as warehouses, data centers, student housing, industrial assets, amongst others.” said Rajesh Binner, Founder, YieldAsset. YieldAsset has been on a journey to offer unique investment opportunities in the CRE space by fractionalizing CRE and offering it on an easy-to-use online platform. Yield Asset’s endeavor is to simplify the investment process and pocket-size the investment amount so that small investors can add its benefits to their investment portfolio. In the next few years, fractional ownership is expected to be one of top lucrative investment options due to its low risk and high return model.
Tags : News/Views Mumbai Real Estate Pune Bengaluru commercial real estate YieldAsset Real Estate Tech Pvt Ltd proptech startup