RealX Closes tokenized Commercial property Deal in Ayodhya 

Pune, July 13, 2024: Fractional ownership platform RealX has recently closed its Ayodhya commercial land parcel sized of 31,646 sqft (3516.22 sqaure yards) at a value of Rs 10.40 crore. This deal saw participation from 57 investors who invested between Rs 50,000 to Rs 25 lakhs to acquire proportionate ownership rights in the property. This deal signifies a step forward in making high-value real estate accessible to a broader audience through fractional ownership and property tokenization. Fundbezzie assisted RealX as a Strategic Partner in the deal.

Fractional ownership addresses the high costs of owning expensive assets such as real estate, yachts, and private jets. Traditional ownership requires significant capital and maintenance, often unaffordable for many. By sharing these costs among multiple investors, fractional ownership allows experience of high-value assets without the full financial burden. This model also promotes diversification and risk mitigation, thereby increasing potential returns.

On choosing Ayodhya, Manish Kumar, Cofounder and CEO of RealX, says, “Ayodhya is one of the top appreciating property markets today. With support from central and state governments, the town is poised for rapid growth. Securing a prime property was challenging due to the seller’s market, but it was a perfect case for fractional ownership. By bringing this opportunity to people, we want to make it a participative investment story.”

Neera Inamdar, Cofounder and COO of RealX, said, “It was surprising to see that the biggest investors opted for digital assets as tokens. They carefully considered both modes and chose property tokens, which highlights the potential of digital assets.” 

According to Deloitte, real estate tokenization was valued at $2.7 billion in 2022 and is projected to reach $1 trillion by 2030. The Boston Consulting Group estimates the total size of illiquid asset tokenization, including real estate, could reach $16 trillion by 2030. In India, the real estate market is expected to reach $1 trillion by 2030, with fractional ownership and tokenization gaining traction.