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Neo-Realty Platform MYRE Capital sees 10x growth in investors; plans Rs.500 cr AIF


Mumbai, April 18, 2022: Neo-realty investments platform MYRE Capital announced a 10X growth in its user base within 12 months, registering over 30,000 investors and an AUM in excess of Rs.175 cr. To meet demand for CRE investment from HNIs, family offices, institutional and retail investors, MYRE Capital will be launching Rs.500 cr Alternative Investment Fund (AIF) by July 2022.  A press release issued by the company says that this will be a first-of-its-kind, SEBI regulated, Neo-Realty Investment fund.

The AIF will invest in A+ grade completed commercial real estate properties which are tenanted by blue chip tenants for long leases along with a healthy mix of select under construction properties. Investors will earn stable monthly rental income from the fund’s assets of 8%-10% and will also benefit from the capital appreciation. The fund is expected to deliver an overall internal rate of return of 20%-25%.

MYRE Capital is also working on a state of the art proprietary asset evaluation algorithm. This algorithm is built on the fundamentals of artificial intelligence, machine learning, and big data analytics. It works in real time to source and evaluate 1500+ opportunities per month.

Aryaman Vir, Founder & CEO, MYRE Capital said “Having aggregated 175cr+ in AUM and over 30,000 users on the platform in the previous 12 months, our target for the upcoming year is to achieve a 5X growth. We have maintained a 100% rental collection and distribution rate to investors and have achieved a 0% portfolio vacancy rate despite the three pandemic induced lockdowns..”

MYRE Capital has launched five properties across Bangalore, Mumbai & Pune. With the increasing NRI traction that the company is witnessing, the fractional CRE platform is exploring a local presence in markets like Dubai, the UK and Singapore to offer global real estate opportunities to investors in the near future.

MYRE Capital is also aggressively expanding their team across verticals and investing in the work culture and ethos of the company.