The investment platform enables investors to digitally invest in high yield, high return properties with blockchain-based registry.
“We were deeply impacted by the pandemic as we were in our early days of operations and the pandemic shut down everything. Real estate as a sector needed some time to stabilize before we could offer it again as an investment option to our investors. However, this gave us time to rethink the business model after we engaged with many developers,” said Manish Kumar, Co-Founder and CEO, RealX.
Neera Inamdar, co-Founder and COO of RealX, said unlike other players in this space, their investment process is a lot simpler. “We offer ‘direct deeded property co-ownership’ and it is in the best interest of investors to become direct co-owners of the property. During the pandemic, we got a lot of insights from our customers as well as developers. We realized that while developers were in distress, customers still did not have a way to participate in property market as an investor. We set out to cover this gap and in-turn create a win-win solution for both,” Inamdar said.
