Agrocorp, recently introduced an independent arm to provide transaction advisory services: Landshare, which is a gateway to risk-free land investments. As a result, it was able to segregate its land advisory division into Landshare India and accrue mandates worth Rs. 900 crores for the Bengaluru market.
Ayan Nagpal, Director at Landshare & Agrocorp Landbase stated, “Agrocorp establishes Landshare India as a specialised division for transaction advising services. Corporates & Institutions, HNIs & first-time investors will all be able to invest in the asset class of land without reluctance through Landshare India in all major Indian cities. Landshare expects to arrange transactions worth Rs 2500 cr by the end of FY 23–24 and has attained mandates from its clientele worth around Rs 900 cr.”
It also aims to reach Rs. 2500 crores in transactional advisory by the end of FY 23–24. In terms of its B2B model, Landshare India aims to transact with international funds, Corporates, Developers and IPCs to fulfil their needs for land across cities. A software platform will also be made available by July 23 in order to promote structured land investments for retail investors in growing zones under the B2C model. Landshare gathers land with secure legal titles to create a land bank. It has avoided litigations by following a structured and specialised acquisition process developed over the last decade, which has enabled Agrocorp to maintain its relationship with its B2B and B2C customers.
