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hBits has raised Rs 40 crore in its series A funding round from Capricon Realty, an entity of Thackersey Group.
Shiv Parekh, Founder and CEO of hBits, said, "This is the mutual fund moment for the real estate industry. Just as mutual funds democratised stock market investing, SM REITs have the potential to make Grade-A commercial real estate accessible to everyone.
This remarkable achievement includes three prominent deals and 57000 sq.ft of commercial real estate, showcasing Ashar IT Park as a premier address for businesses in Thane. Among these is a Rs 55 crore deal with the fractional real estate ownership platform hBits.
This includes three prominent deals and 57,000 sq-ft of commercial real estate, showcasing Ashar IT Park as a premier address for businesses in Thane. Among these is a Rs 55 crore deal with the fractional real estate ownership platform hBits.
hBits, which facilitates fractional ownership of commercial real estate, has raised Rs 40 crore from investors to fund growth plan. In a statement on Wednesday, hBits said it has raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of Thackersey Group.
hBits, which facilitates fractional ownership of commercial real estate, has raised Rs 40 crore from investors to fund growth plan.