Second holiday home – you can have – salutary takeaways of SEBI Guidelines allowing Fractional investment and ownership holiday home – you should know
- Cost of the property will be split among several investors through Fractional Ownership Platform.
- Asset is purchased through Special Purpose Vehicle Company in five locations.
- 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
- This will work very well for holiday homes for investors at one or different locations at the same time.
- Investors’ risk may be reduced with this mechanism under SEBI’s oversight.
- 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)
