Valion launches realty portfolio management portal ‘myfollo’

Valion, a private real estate family office, on Monday launched a real estate portfolio management portal ‘myfollo’ to cater to property advisory for investors and end-users.

The Gurgaon-based Valion plans to raise Rs 30-40 crore from investors by mid-2016 for expansion of the new entity across the country. The company has already begun initial talks with potential investors.

According to a press release, ‘myfollo’ will manage real estate portfolios online and would execute investments, disposition, advisory, lettings and residential property management for its online users. Valion focusing on HNIs for the last 10 years plans to expand its reach to the middle and higher income group through ‘myfollo’. Studies indicate that over 82 per cent of the real estate investments are done by this segment hence a large potential problem to solve.

Post-launch, ‘myfollo’ is targeting Rs 42,000 crore of Assets Under Management (AUM) in the next 18 Months. Valion, the parent company, has already invested $200,000 for developing the team and platform for ‘myfollo’.

Post-registration on the portal, the website will automatically calculate the total net worth of the individual, give alerts, notifications and recommendations on all assets.

Amit K Lalit, CEO and Founder, Valion, said, “Indian real estate market is maturing at a rapid pace with many globally renowned realty companies and consultants opening up their shop here realizing the tremendous growth opportunities in this part of the world. However, there was a big gap in providing specialized real estate advisory for mid-segment investors and end-users. With myfollo’s professional team and real estate advisory pedigree, we plan to bridge the gap for the masses’.