Capricon Realty Private Limited, a division of the Thackersey Group, has contributed Rs 40 crore to hBits, a platform for commercial real estate investing.
Shree Naman Group and others had previously contributed $3.32 million to the Mumbai-based company.
According to a press release from hBits, the money will be utilized to improve its AI-powered technology platform, increase its geographic reach, and make carefully chosen, high-value investment opportunities available to more people.
Shiv Parekh and Samir Bhandari co-founded hBits with the goal of enabling commercial real estate investment in India. Investors can use the platform to access Grade-A, high-yield commercial properties for as little as Rs 10 lakhs. It appeals to both novice and experienced investors due to its distinctive combination of stability and growth, with an average rental yield of up to 10% and an anticipated Internal Rate of Return (IRR) of up to 18%.
hBits claims that it uses cutting-edge AI technology to assess property performance, analyze market trends, and find the best investment opportunities for its users. This data-driven strategy minimizes risk, maximizes returns, and gives investors a smooth experience.
The launch of SM REITs will improve this model even more by providing a mutual fund-like regulated framework that streamlines and organizes commercial real estate investments.
According to hBits, its goal is to transform individual and institutional investors’ access to Grade-A commercial real estate by leveraging SEBI’s recently implemented Small and Medium Real Estate Investment Trust (SM REIT) regulations.
With the introduction of its SM REIT offerings, hBits hopes to triple its Assets Under Management (AUM) from Rs 500 crore to Rs 1,500 crore by the end of the upcoming fiscal year. These products will give investors access to regulated, varied, and profitable options in India’s major commercial real estate markets.
