hBits, a premier real estate fractional ownership platform, appointed Mihir Kanakia as Head of Investments & Partnerships. Mihir will lead efforts in identifying, securing, and cultivating relationships directly with investor and advisory community across India and key Global Indian markets.
Mihir boasts a diverse career that spans 14 years in the banking sector and 8 years in the real estate sector. His extensive experience covers various aspects, including retail banking products and residential real estate, both in India and NRI markets. This wide exposure has equipped him with versatile expertise in sales, marketing, and product distribution.
In the banking realm, he excels in wealth management, credit cards, loans, and payroll products. In the real estate domain, he specializes in luxury homes, land, and plotted developments, focusing on Tier 1 and destination locations throughout India.
Mihir's relentless drive to lead new initiatives and explore different product and service lines will be highly beneficial for hBits which is now entering an exciting phase of accelerated expansion, with INR 200 crores worth of assets under management (AUM).
Mihir Kanakia said, "I am honoured and exhilarated to embark on this new chapter at hBits. Collaborating alongside our founder and co-founders Shiv Parekh and Samir Bhandari, I harbour unswerving confidence that our collective efforts will unlock extraordinary avenues for growth.”
“hBits stands as a vanguard platform where innovation and progress reign supreme, propelling us to spearhead the future of real estate investments. With steadfast anticipation, I eagerly embrace the challenges ahead and seize this invaluable opportunity to make substantial contributions to the organization and the broader landscape of organized real estate, as we enter this highly promising phase of accelerated expansion,” he added.
Shiv Parekh, CEO, and Founder of hBits welcomes Mihir Kanakia saying, "We are delighted to welcome Mihir Kanakia to the hBits family. His wealth of experience, diverse skill set, and expertise in building key partnerships will play a pivotal role in our mission to revolutionize fractional ownership in commercial real estate. Along with his proficiency in establishing strategic associations, his deep understanding of the real estate and financial sector will be instrumental in driving hBits forward. With Mihir's leadership, we are confident in our ability to achieve unparalleled growth and continue to provide our investors with extraordinary opportunities.”
