Allure Infra appoints Assets & More as property fund manager

Hyderabad: Hyderabad-based proptech company Assets & More has been appointed as the property fund manager by Allure Infra. As per the deal, the city firm has agreed to raise funds and provide complete management services to all three of Allure Infra’s projects in Bengaluru.

Assets & More will also undertake fractional property sales, maintenance and rental management. In addition to that, it will provide similar services to other projects to be developed by Allure Infra.

The city firm had earlier signed similar agreements with Hyderabad-based Vasavi Group and Shanta Sriram Constructions to manage the 1.5-lakh-sft Sky City twin towers project in Gachibowli. Besides, the proptech company is also raising investments for the Space City residential real estate project near National Investment & Manufacturing Zone (NIMZ) in Zaheerabad.

Commenting on the new deal, Hanu Yedluri, founder of Assets & More, said, “With experience in the fintech space behind us, we introduced the innovative concept of fractional ownership in the real estate sector. In addition to assured rental income, this real estate investment model offers decent capital appreciation for property owners. These investments offer steady returns irrespective of market fluctuations. Investment security is another plus point as property is registered on the owner’s name.”

Meanwhile, Assets & More’s parent company PaisaXpaisa, which has been managing property loan portfolios of about Rs 250 crore for the last three years, is gearing up to launch its services in the US market from November this year.

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