News
hBits launches property worth Rs 18 crore
hBits, a tech-enabled real estate company offering fractional ownership, announced on October 27 that it has launched a commercial property worth Rs 18 crore.
The company has acquired two floors in the asset and will raise the investments from the investors. The startup has already achieved investments worth Rs 100 crore from its already six existing assets, said a press release. It has also raised an undisclosed amount of angel funding from a number of investors, said the release.
He further said: “Our latest offering would give 10.04 pc entry rentals, which is the highest in the country as far as commercial office space is concerned in the fractional ownership industry.”
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