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

12mo ago
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ZippyPanda
ZippyPanda
Cred11mo

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
TCS11mo

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 â›” 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
Cred11mo

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?

FluffyCupcake
FluffyCupcake
Amazon12mo

I am bit curious, who are the other investors with the same aggregator? I know at individual level, doing due diligence might be difficult but if any institutional investor is involved it’s easy. If all retail investors are there, it’s a red flag for me.

Good luck in investing journey!

SillyDonut
SillyDonut
TCS12mo

Can u explain red flag reason?

Latest live units in Tata Rio de Goa 302 is 2bhk while 506 is 1 bhk

Actual footages

TATA RIO 302 - https://drive.google.com/drive/folders/15BHKO6Ia15KwXdNQKW4GhXtXEc81VV6y?usp=sharing

TATA RIO 506 - https://drive.google.com/drive/folders/1ClVvtrbxwikRy7N8qsOIJWG8NKPqilV7?usp=sharing

FluffyCupcake
FluffyCupcake
Amazon11mo

You are showing the property, I am more curious to understand the financial arrangement to buy this property. Your rights, costs, dispute handling.

IRR : 18-20% and no institution looking at this opportunity makes me want to dig deeper.

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
TCS11mo

Better to invest in palolem and agonda area.

I know few brokers there

WigglyBanana
WigglyBanana

Is this via Alyf?

SillyDonut
SillyDonut
TCS12mo

No...brikitt

JumpyHamster
JumpyHamster

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

SillyDonut
SillyDonut
TCS11mo

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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