hBits aims to end FY21 with Rs 100 crore in fractional real estate investment

New Delhi: hBits, a fractional real estate ownership platform, aims to end 2020-21 with Rs 100 crore in investments, its co-founder has said.

“We’ve already achieved an investment of Rs 60 crore in the last two leased properties. During Covid-19, there has been a rise in fractional ownership as an investment option,” Shiv Parekh, co-founder at hBits, said.

The company has signed a strategic partnership with SMC Real Estate Advisors to offer fractional ownership of commercial properties to more than 1.4 million investors associated with that company.


In the last three months, the company has reached out to more than six financial advisory companies. hBits at present has more than 10,000 registered customers.

Fractional ownership, a relatively new concept in India, allows a real estate investor to own the rights to use a property for a specific period of time at a fraction of the cost of the property. It offers a steady and secure return on investment at 15-18%.

“In the next few years, fractional ownership is expected to be one of top five lucrative investment options due to its low risk/high return model,” Parekh said. “We are using machine learning and blockchain technology to create transparency of information and build ease in accessibility.”

The use of Artificial Intelligence will ensure security of transaction for investors new to this real estate investment tool, he added.