Fractional Ownership Investment Platform (FOIP), a tech start-up in fractional real-estate has raised Rs 23 crore for office space in NEO Square, Gurgaon.
The fund raised is a last mile investment from block investors. NEO Square is a commercial project in Sector 109, Gurgaon.
FOIP raised investment through set of HNI investors in block deal for their office space comprising of 18,000 sqft area.
“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 Ankush Ahuja, CEO and Founder of FOIP.
The investors will be directly invested in the property expecting a good 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 Mr. Anand, CEO, NEO Square.