ALYF, India's ?rst technology-enabled holiday home platform, sold out their ?rst project in Goa in just 75 days of the launch. This was a Smart Ownership Opportunity with 100+ shares in the prime location of Calangute, North Goa. The bookings were received from buyers across Goa, Mumbai, Delhi, Pune and Bangalore and a few tier 2 cities of the country.
ALYF’s smart-ownership model is changing the way people own and invest in holiday homes by making them accessible and enjoyable for all. Study shows that holiday homeowners do not use their properties for more than 30 days, this model divides the property into 8 shares which reduces the investment amount while also splitting the days of usage among the owners. With merely 8 months of presence in the market, ALYF has been recognized as the PropTech Startup of the Year by Realty+.
In addition to this, they also facilitate rental earnings from these homes while also completely managing and maintaining the homes, making holiday home ownership a hassle-free experience. From property discovery, shortlisting, negotiation and closure and property management - ALYF does everything for the buyer and has truly disrupted the luxury market segment.
With the smartly owned shares of the recent Goa project, each owner shall reap the bene?ts of timely capital appreciation, rental incomes, and self-consumption.
Saurabh Vohara, Founder & CEO said, “Smart ownership is the new way of owning holiday homes. Our vision is to make holiday homes accessible for the middle and upper-middle class. With the traction, the lead ?ow, and the conversion we are witnessing, we are positive that ALYF will be the game changer in this space. Smart ownership is clearly the new way to own holiday homes.”
Post the success of the ?rst opportunity, ALYF introduces another opportunity of 7 villas with shares starting at Rs. 36.36 lakhs (all inclusive) in North Goa’s prime locations [Siolim & Mandrem]. The team has already received 54 EOIs within a week and is thrilled to sell this out as well.
With a team of 60+ people across Mumbai, Lonavala, Goa and Bangalore, ALYF presently owns holiday homes across Goa and Lonavala. The company is looking to expand soon in other parts of the country ALYF targets 100+ smart-owned homes under management with a total sales value of INR 200 to 250 crore by end of 2023.
A total of $1.5 million in seed funding has been raised that was led by 9Unicorns & Venture Catalysts in August 2022. It also saw participation from industry veterans such as NoBroker Founders, Kunal Shah (Founder of CRED) Juggy Marwaha, Pradeep Lala, Vivek Chandy, and many more.
