MYRE Capital Raises Rs 50 Cr Through Offering Integrated Township In Pune
- ByStartupStory | June 23, 2021
Fractional investing in real estate projects startup, MYRE Capital on Wednesday said it has raised Rs 50 crore through its offering of an integrated township in Pune, after receiving 100 percent commitment from investors. The startup said, The asset is expected to offer an average rental yield of 8.8 percent to investors, higher than returns offered by fixed deposits, and debt and corporate bonds currently.
Aryaman Vir, founder and CEO of MYRE Capital in a press release said “Pune is one of the most important IT/ITes hubs in India, which makes Magarpatta a lucrative asset opportunity, considering stability in current market conditions and future growth prospects,” he further added, “We have received investor interest from 14 different countries. The investor profile comprises lawyers, chartered accountants, doctors, pilots, captains, engineers, techies and people in various other fields. We aim to democratise real estate ownership, making it accessible to a wider range of investors.”
Fractional investing allows people to pool in the money they can invest to create a large enough corpus to invest in high-value projects. Fractional investing projects have seen a lot of takers in recent times with people looking for tech-enabled ways to diversify their investment portfolios.
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