About :
Please find below details of the opportunity:
Business Model: Havendaxa intends to establish a Special Purpose Vehicle (SPV) to oversee the identification, proposal, and promotion of commercially rented properties. The SPV will issue debentures, collecting a minimum of ₹ 25L investments/per from various contributors through SEBI Trustee (Mitcon) as an escrow account manager. Upon meeting the funding target, the Trustee will transfer funds to the SPV, facilitating property registration under its ownership. The SPV acquires a property worth a minimum of ₹ 40 Cr commercial property, leasing it to top corporations, and distributing property ownership among investors. Lease rentals are collected through the SPV, covering administration costs before distributing cash flows as interest to investors.
Unique Differentiator:
Future Plans: Anticipating an approximate revenue of ₹6 cr by FY24, the company expects 85% to come from acquisition fees and 15% from rental management fees. With a projected net profit of ₹ 2cr. by FY24 in sync with revenue growth, the company aims to elevate its estimated revenue to ₹80 cr. by FY29. To realize this target, the introduction of performance fees is part of the strategic plan for an additional income source. The company is committed to providing investors with impressive annual returns, typically from 13% to 18%. Historically, fractional ownership has been a reliable source of some of the highest returns in the real estate market, encompassing both rental yield and capital gains
Reaching out to the company is possible via their website:
Priyanka Sharma serves as the director and co-founder of Havendaxa Pvt Ltd., contributing to 17 years of expertise in administration.
Akhilesh Sharma, the director and founder of Havendaxa Pvt. Ltd., is a highly seasoned professional in the real estate industry, with a remarkable track record dating back to 2007. Over the course of his career, he has directly accomplished sales exceeding 850 crores, in addition to an impressive 1432 crores in indirect sales. With two decades of experience, he brings not only a wealth of expertise but also a profound understanding of both local and global markets, making him a valuable asset. His extensive knowledge encompasses both residential and commercial real estate. In 2015, he decided to capitalize on his vast knowledge and experience by co-founding Wish Coin Realty LLP.