FOIP’s First Rs 23 Cr Value Opportunity In Last Mile Project For Neo Developers
Fractional Ownership Investment Platform (FOIP), a new age tech enabled start-up in fractional real-estate raised funding for the 23 Cr office space for NEO Square. The fund raised is a strategic last mile investment from block investors. NEO Square is a commercial project in Sector 109, Gurgaon. FOIP raised investment through set of HNI investors in block deal for their office space comprising of 18000 sqft area. The investors will be directly invested in the property expecting a good return on their investment. FOIP has focused on value creation opportunity for the long-term investors & customers. Aankush Ahuja, FOIP CEO and Founder, said, “We would like to thank our partners and investors. We have been able to deliver our first commitment with less than a month’s time. This showcases trust of our investors in our capabilities. The mission is to democratize access to value assets with a smaller ticket size with better return. Our fractional investment model is seamless online investment experience, and meticulous end-to-end asset management.” “With NEO Square investment we have asserted on our belief that the investors are looking for fractional assets for capital appreciation along with safety of their investment. We are looking for 100 crore investment raise in the first year of our operations. We hope to meet our target with more value deals soon” he further added. Anand Anand, NEO Square, CEO, said, “FOIP has helped us in reaching out to right investors in a quick span and achieved the agreed numbers. We hopefully will be able to meet our commitments and generate value for existing investors in the project..
Tags : Fractional Ownership Investment Platform NEO Square Aankush Ahuja Anand Anand