Being an NRI looking for investment avenues, people often go for real estate. However, the thought of how to take care of the property often hold many of them back. To cash in just the opportunity, a startup is here to manage the real estate wealth.
Indiassetz, a Bangalore-based startup, is offering to to take charge of your house, right from the buying decision, to designing interiors, and later maintenance, renting it out to reliable tenants, and even selling it if that’s what you want. The firm reportedly also helps with investments and even advise you on hidden costs of investing before buying a property, the legal fine print in contracts, and new investment avenues.
Although its services are open for all in exchange of a portion of the rental collected and a management fee, Indiassetz is gaining huge popularity among NRIs as the firm helps them maintain their properties and keep them safe from trespassers. Also, since the firm works on an online and offline model that allows its customers to upload property documents and outsource its management to the team, NRI buyers are expected to find it more convenient and hassle-free.
The progress of the work can be tracked online and as a result, the property owner does not have to travel back and forth to get anything work done.
Founded by ex-bankers Seema Harsha, Shivam Sinha, Anshuman Tiwari and Vibhin V.P., the company was built to provide an end-to-end solution to manage and maintain all your properties in your absence.
“There is a dearth of professionally-run real estate advisory companies in India,” Shivam, one of the co-founders of Indiassetz, told YourStory.
The company’s headquarter is in Bangalore while they have another office in Hyderabad. As of now, it manages property worth Rs. 2000 crore.
Due to the recent dip in the value of money couple with better investment sentiment in the Indian real estate sector owing to RERA implementation, there is a renewed interest in the NRIs to invest in property back in their home countries. In fact, there is a surge in the queries and investments.
If the wave continues, this real estate wealth manager seemingly will be in a sweet spot. Given the fact that there is no other competitor in sight owing to its unique dossier of services, the company is seemingly heading for growth. YourStory reported that the co-founders claimed that they are targeting revenue of $100 million in the next five years.