Fractional Ownership Investment Platform (FOIP), a tech start-up in fractional real estate has secured Rs 23 crore for office space in NEO Square, Gurgaon.
This last-mile investment comes from block investors, and NEO Square is a commercial project located in Sector 109, Gurgaon.
FOIP accomplished this fundraising through a block deal with a set of High Net Worth Individual (HNI) investors for their 18,000 sqft office space.
“The aim is to democratize access to value assets with a smaller ticket size with better return. We are looking for only 100 crore investment raise in the first year of our operations. We hope to meet our target with more value deals soon,” said Aankush Ahuja, CEO and Founder of FOIP.
Investors will have direct ownership of the property, expecting a favourable return on their investment.
“FOIP has helped us in reaching out to right investors in a quick span and achieved the agreed numbers. We hopefully will be able to meet our commitments and generate value for existing investors in the project,” said Anand Anand, CEO of NEO Square.
