Venture Intelligence (TSJ Media Pvt. Ltd.)
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Fractional real estate ownership platform hBits to raise Rs.500-Cr AIF
Fractional real estate ownership platform hBits is planning to raise over INR 500 crore through an Alternative Investment Fund (AIF) to invest in commercial real estate including offices, data centers and warehousing projects. The company will tap both domestic as well as offshore capital. The proposed fund will invest in grade A properties identified by hBits and those will also be offered to retail investors seeking exposure to such pre-leased high-yield assets. The company is aiming at assets under management (AUM) worth INR 1,000 crore in the next 12 months. The company's current AUM stands at INR 150 crore.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.