FRXNL Announces NCR’s First Fractional Ownership Opportunity in Gurugram
Frxnl, a new-age realty technology platform announced the launch of its first fractional ownership opportunity and NCR’s first-ever fractional ownership opportunity with an under-construction residential development, Elevate by Conscient. Residential is the most favored asset class in India for investors seeking a steady capital appreciation. There is USD 1.5 Trillion locked up in unleashed housing across 7 metros. Frxnl aims to pioneer the residential asset class for easy and high-return investments for a retail investor. Through the fractional model, Frxnl offers an affordable and secure route for individuals to invest in high-quality real estate. Elevate is on the most premium growth axis of Gurgaon, NCR, ie, Golf Course Road (Extension). It is witnessing rapid growth of commercial office space in its immediate vicinity which shall give the project location a major boost. Frxnl has raised angel investment from industry luminaries, who come from a cross-section of technology and real estate. The list of angels include Prashant Parashar, Ola Cabs, R K Narayanan, All Cargo Logistics, Sandeep Agarwal, Mulia Property Development, Malaysia, Aman Govil, Google, Nilmani Gautam, NBK Capital, UAE and a consortium of other senior real estate industry professionals The property is located at the extension of the iconic Golf Course Road, Gurugram’s most premium growth axis. Golf Course Extension is witnessing rapid growth in commercial as well as residential development, making this among NCR’s most preferred investment destinations. Enriched with lifestyle amenities, this premium residential destination by Conscient, who have delivered over 30+ projects to date comprising 60+ mn sq ft and in partnership with a prominent international development manager. Powered by Frxnl, a retail investor can make the most of this prime real estate by investing as little as Rs 10 lakh and gain an upside of 30%+ in a timeframe of 2-3 years. Frxnl is soon to launch 3 more assets and is looking at adding 15+ investment assets to its portfolio by end of 2022. Frxnl is an innovative DeFi (Decentralised Finance) platform that allows you to invest in high-quality residential, retail and commercial real estate assets. The brand is aiming to be a global leader in asset digitization and support efficient cross-border exchange of securities ensures that the investors retain effective control over the target properties at all times through the use of tech interface enabling transparent dealings. Amit Uppal, CEO & Co-Founder, Frxnl said “It gives us immense pleasure to have our first investment asset go live. Elevate is one of the many firsts Frxnl is aiming to add to its portfolio along with commercial projects, retail outlets, and warehousing projects in the future. Our aim for Frxnl is to create a state-of-the-art technology platform that makes investing simple in quality real estate opportunities such as this one. We found it ideal to start our journey with this excellent residential development for the capital appreciation we believe this location & the quality of the residence could offer. Moreover, work from home has driven the need for luxury spacious spaces for living. Compounded by latent demand after a sluggish decade for real estate, we project a superlative performance for quality real estate projects.” Frxnl is working with various Asset Managers & Developers pan-India and is creating a trusted ecosystem for real estate players, investors, Wealth Managers, and Channel Partners of the future. Its edge lies in offering a seamless digital experience for its investors while also adopting features like escrow accounts & trustees, easy governance structures, and hyper-personalized investor support systems. Frxnl conducts meticulous legal and technical due diligence to evaluate an asset before onboarding it. They are actively looking to close opportunities across Pune, Bangalore, Mumbai, Noida, and Delhi in the coming months.
Tags : Press Room Fractional Ownership FRXNL Conscient gold course road Decentralised Finance Asset Managers & Developers