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The Economic Times
English EditionEnglish Editionहिंदी संस्करण
| 16 March, 2021, 07:00 PM IST | E-Paper
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Business News›Wealth›Real Estate›You can now grab prime realty at a fraction of the cost: Is part ownership of property a good idea?

    You can now grab prime realty at a fraction of the cost: Is part ownership of property a good idea?

    Synopsis

    In fractional ownership, the investor has greater control over what assets go into the portfolio, based on preferences like type of property, location etc. You get part-ownership of the asset, to the extent of the shares held.

    Wish you owned a slice of a ritzy mall, prime office space or ultra-luxury villa? Fulfilling that wish may not be that difficult any more. Apart from real estate investment trusts (REIT), other avenues have opened up to help you grab prime property at a fraction of the cost. Multiple tech-enabled platforms like AllSpace, Frxnl, RealX, FRACSN, Strata, hBits and more are offering fractional ownership of property. Is the concept worth
    BY
    ET Bureau
    8 mins read, Last Updated:
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