AweSpace Ventures, a transaction advising company well-known for its diverse investments in ultra-luxurious properties and the building of private retreats, flats, and villas, is foraying into India's rental management market. The strategic move introduces a suite of services for luxury properties, encompassing apartments, villas, boutique hotels, and resorts in prime tourist destinations and urban hubs. The company has a robust plan to tread into India’s rental landscape and aims to raise $25 million in funding to fuel its ambitious growth strategy. Vijay Naraayanan, founder & CEO, AweSpace Ventures, stated, "We are introducing our Rental Management Services, offering a guaranteed 21.5 percent 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 percent annual yield surpasses current industry offerings, which typically stand at 13 percent, instilling property owners with renewed confidence in their investments". 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 optimize 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 will tap into the luxury hospitality sector, managing boutique hotels and resorts, to further diversify its portfolio. AweSpace Ventures 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.
India’s real estate market holds significant growth potential, with expectations to reach $1 trillion by 2030, and contribute nearly 13 percent to the country’s GDP by 2025, according to an IBEF Real Estate Industry report. "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", said Manali Khapre, director and chief sales officer, AweSpace Ventures.
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