SillyDonut
SillyDonut

House at South Goa

Going to invest in a flat through fractional ownership route. (IRR -18%-25%)

Sebi also approved the regulation for it after reits.

Any last minute ip or suggestions?

PS - I don't want to buy a flat in metro and live in any metro for next 30-40y of my life.

https://share.gvine.app/A6jji86U7uixX9Xm7

19mo ago
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ZippyPanda
ZippyPanda
Cred19mo

Hello OP, can you share more on what fractional ownership meant here and what benefits do you think it gives you over buying something in a metro city. Would really help me when I plan about buying a property later in life.

SillyDonut
SillyDonut
TCS19mo

As name suggest, u r not a sole owner.

Multiple people will hold ownership and u can sale or buy more units at any juncture. (Like 1cr flat has 5 persons so 20 lacs 1 unit)

Metros look haphazard to me.

Toxic air, food, people, traffic ⛔ and what not.

Capital appreciation in a flat is hardly beating inflation nowadays. Rental is also low except few areas in blr n Bombay. Total 6-7% appreciation.

Whereas these fractional projects are at hotshot tourist place and have 20-25% irr.

So above points led me to invest 10% of my portfolio in FO

https://youtu.be/QHuXQSnXYuY?si=BbWA3tVSiqw1CnT4

ZippyPanda
ZippyPanda
Cred19mo

Assuming I wanted to find such people who are interested in buying such a property with me, where would I find them? Or perhaps how did you find them for your?

ZoomyNarwhal
ZoomyNarwhal

Any idea about the real estate around Vanelim or even further south near Assolna? I was considering investing individually, but couldn't make the time for due dilligence

SillyDonut
SillyDonut
TCS19mo

Better to invest in palolem and agonda area.

I know few brokers there

WigglyBanana
WigglyBanana

Is this via Alyf?

SillyDonut
SillyDonut
TCS19mo

No...brikitt

JumpyHamster
JumpyHamster

The challenge is the maintenence and wear and tear and the cost of maintenance.

SillyDonut
SillyDonut
TCS19mo

We haven't to do any of those...

JumpyHamster
JumpyHamster

Right now, but check who bears those cost at later stage? Read your T&C properly.

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