360 Realtors forays into the fractional ownership space with 360FRXNL

Gurgaon: Institutional channel partner (ICP), 360 Realtors has forayed into the fractional ownership space through its new company 360 FRXNL. The newly incubated entity will offer transaction facilities across multiple assets including commercial, residential, industrial, plots, and much more. The company aims at offering institutional-quality deals with the flexibility & convenience of retail investment.

In the next 12 months, 360 FRXNL is aiming at a fundraising of close to Rs 500 crores. In another 3 years, it is eyeing a cumulative total of Rs 1,850 crores.

“360frxnl.com  is our attempt to democratize the realty transaction space in India. Through the platform, one can invest in one or more profit-generating assets and earn higher returns. Real estate has a unique proposition. It is a relatively low-risk but high-return tangible asset.

However, the higher acquisition cost of properties sometimes undermines investors’ ability to participate in the segment. With FRXNL we are set to reverse the norm. Now with even INR 10 lacs, one can own a part of a property and make elevated yields”, said Ankit Kansal, MD & Founder, 360 Realtors.

To manage the business for 360 FRXNL, the group has roped in Ankush Ahuja as a Co- Founder and Chief Business Officer, an industry veteran with over 2 decades of experience. Prior to joining 360FRXNL, Ahuja worked with a wide range of companies such as Piramal Capital, hBits, Standard charted bank, Yes bank, DLF Group, etc . 

“360 frxnl.com  will offer a large pool of assets to discerning buyers and investors. One can choose from multiple options from the platform that include but are not limited to grade-A office spaces, co-working spaces, warehousing land, industrial plots, farmhouses, rental villas & hotels, co-living spaces, SEZ, townhouses, event spaces, and much more.” Quoted Ahuja.