E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. ALLIED

Assetmonk, Aims Three-Fold Jump In Total Assets By 2024

Assetmonk, Aims Three-Fold Jump In Total Assets By 2024

BY Realty Plus
Published - Saturday, 26 Aug, 2023
Assetmonk, Aims Three-Fold Jump In Total Assets By 2024

Assetmonk, a Hyderabad-based alternative real estate investment platform, is aiming for a three-fold jump in total assets in the next year, betting on the growing demand for asset diversification and alternative investment avenues among wealthy individuals. 

Founded in 2016, Assetmonk falls under the category of fractional ownership platforms (FOPs), which have been gaining traction in the real estate space in recent years. As the name implies, FOPs enable retail and high net worth individuals (HNIs) to invest in commercial real estate for a fractional ownership of the property.  Assetmonk claims to have an asset under management (AUM) of Rs 350 crore. 

“We are planning to scale it up to Rs 450 crore by December 2023 and reach Rs 1,000-1,200 crore by the end of 2024,” said Prudhvi Reddy, Founder and COO, Assetmonk.He was speaking on the sidelines of a press conference in Chennai on Thursday. Assetmonk has acquired an entire floor measuring 90,000 sq ft in Tidel Park, a Grade A commercial property located in Chennai’s IT corridor, for Rs 89 crore. 

Reddy said although real estate has been one of the favourite asset classes for investors, it was always looked at as a passive investment option. He, however, added that the trend is changing and investors are now looking at commercial real estate as an investment option for diversification.

Assetmonk offers end-to-end investment support in real estate investing right from curation of assets, financial and legal due diligence, monitoring of returns till complete exit from the asset. The company said its portfolio of assets offer returns ranging from 12-18 per cent across fractional real estate and fixed income products. Reddy said investors can start with a minimum investment of Rs 10 lakh.

Assetmonk currently manages properties in Chennai, Bengaluru, and Hyderabad and is looking for deals in Mumbai and New Delhi.   

Reddy said the company has also launched ‘AM Select’, a structured investment product for HNIs and ultra HNIs. 

RELATED STORY VIEW MORE

Mangalam Cement Acquires Rajasthan Mining Block, Strengthens Raw Material Supply
Viva ACP Unveils Experience Centre in Nashik, Showcasing Cladding Solutions
DCNT Global Commissions Battery Energy Storage System Plant in Khed City

TOP STORY VIEW MORE

Ashish Rai Elevated as CEO, Decorative Paints at JSW Paints

Ashish will lead the entire decorative paints business with full P&L responsibility, marking a significant step up from his previous position as Chief Business Officer.

07 July, 2025

Dwarka Expressway: Shaping India’s New Luxury Hub

07 July, 2025

Luxury Homes Set to Surge, Developers Increase Project Launches

07 July, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website