RealX helps 57 investors acquire commercial plots worth Rs 10.4 cr in Ayodhya
RealX, a fractional ownership platform, has facilitated the acquisition of 3,500 square yards of commercial land in Ayodhya for Rs 10.4 crore. A total of 57 investors participated, investing between Rs 50,000 and Rs 25 lakhs each to gain proportio...
As many as 57 investors acquired commercial land. They invested between Rs 50,000 and Rs 25 lakhs to acquire proportionate ownership rights in the property.
The deal signifies a step forward in making high-value real estate accessible to a broader audience through fractional ownership and property tokenisation, the statement said.
Fractional ownership addresses the high costs of owning expensive assets such as real estate, yachts, and private jets.
"Traditional ownership requires significant capital and maintenance, often unaffordable for many. By sharing these costs among multiple investors, fractional ownership allows experience of high-value assets without the full financial burden," it said.
This model also promotes diversification and risk mitigation, thereby increasing potential returns.
RealX Cofounder and CEO Manish Kumar said, "Ayodhya is one of the top appreciating property markets today. With support from central and state governments, the town is poised for rapid growth. Securing a prime property was challenging due to the seller's market, but it was a perfect case for fractional ownership."
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