December 2023GeneralLatestReal Estate

Second holiday home – you can have – salutary takeaways of SEBI Guidelines allowing Fractional investment and ownership holiday home – you should know

 

  1. Cost of the property will be split among several investors through Fractional Ownership Platform.
  2. Asset is purchased through Special Purpose Vehicle Company in five locations.
  3. For example, a Goa village of Rs.8 crores will be split in eight owners – each paying Rs.1 crore and having 1/8th share, 1/8th time in a year to use it. Cost of regular maintenance and renovation
  4. This will work very well for holiday homes for investors at one or different locations at the same time.
  5. Investors’ risk may be reduced with this mechanism under SEBI’s oversight.
  6. Expert opinion that this is excellent step to broad base real estate as financial investment.

Have a crore to invest in a second home in Goa? Here’s what you should know (msn.com)

 

 

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