AweSpace Ventures Private Limited, a leading transaction advisory firm renowned for its diversified investments in ultra-luxurious properties and development of residential retreats – apartments and villas, is embarking on a transformative journey into India's rental management sector. The strategic move introduces an extensive suite of services for luxury properties, encompassing apartments, villas, boutique hotels, and resorts in prime tourist destinations and urban hubs.
This initiative underscores a significant stride as AweSpace Ventures Private Limited eyes the burgeoning rental market. The company has a robust plan to tread into India’s rental landscape and aims to raise USD25 million funding to fuel its ambitious growth strategy.
Vijay Naraayanan, Founder & Chief Executive Officer, AweSpace Ventures Private Limited, expressed enthusiasm about the launch their rental management services, stating, “We are delighted to introduce our Rental Management Services, offering a guaranteed 21.5 per cent annual yield, representing an innovative solution for property owners. In today’s dynamic real estate landscape, investors often encounter uncertainties and challenges when managing their properties. Our 21.5 per cent annual yield surpasses current industry offerings, which typically stand at 13 per cent, instilling property owners with renewed confidence in their investments.”
Headquartered in Mumbai, AweSpace Ventures Private Limited AweSpace Ventures Private Limited has been a trusted name in the real estate sector for more than a decade, known for delivering high-quality premium property solutions globally. As India’s real estate and rental markets continue to witnessed remarkable growth, the company is poised to capitalise on this trend. “We attribute our commitment to a combination of advanced property management techniques as well as strategic pricing models. We will optimise maximum occupancy beyond leisure and penetrate the weekdays, ensuring seamless bookings to drive high occupancy rates and deliver remarkable returns for property owners,” he pointed out.
The company’s expansion strategy involves creating a robust presence in renowned exotic locales as well as urban hubs across the country. AweSpace Ventures Private Limited will tap into the luxury hospitality sector, managing boutique hotels and resorts, to further diversify its portfolio. “To drive our ambitious plans forward, we are seeking USD25 million capital. These funds will be allocated toward expanding the company’s property portfolio, investing in technology infrastructure, and enhancing its marketing efforts,” said Naraayanan, the visionary at the helm of this transformative initiative.
AweSpace Ventures Private Limited is gearing up to launch powerful portals and mobile applications – iOS and Android, catering to both property owners seeking maximum returns and travellers desiring a premium experience. “This marks a pivotal moment in our company’s journey, exemplifying our unwavering commitment to elevating the real estate investment experience,” he added.
India’s real estate market holds significant growth potential, with expectations to reach USD 1 trillion by 2030, and contribute nearly 13 per cent to the country’s GDP by 2025, according to a IBEF Real Estate Industry report. “The recently concluded G20 Summit in New Delhi has brought the world closer to India, and the country’s rapidly expanding economy is drawing both domestic and foreign investments. The economic expansion is driving an increase in the number of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs), fuelling the demand for ultra-luxury properties in tourist destinations and in major cities across India,” asserted Manali Khapre, Director and Chief Sales Officer AweSpace Ventures Private Limited.
Moreover, the emergence of modern infrastructure projects such as greenfield airports, national highways, and waterway transportation is bolstering India’s economic growth. In Phase-I, the company intends to expand its portfolio significantly, adding more than 5,000 properties comprising apartments, villas, boutique hotels, and resorts, strategically located in both tourist destinations and bustling urban areas across India.
Khapre emphasised the company’s unwavering commitment to enhancing the stakeholder and resident experience, pointing out, “Our focus is unwaveringly centred on delivering the utmost satisfaction to our stakeholders and residents. The establishment of the rental management service vertical marks a monumental milestone for AweSpace, promising tangible value creation for our residents, investors, and team members. It sets the stage for a more agile and efficient, vertically integrated company.”
With a bold plan to expand its footprints in India’s booming rental landscape, AweSpace Ventures Private Limited aims to redefine the rental management industry with its unique value proposition.
