AIF to meet rise in demand of CRE investment from HNIs, family offices, institutional and retail investors
Plans for 500 crore corpus size Real Estate AIF to address rising interest from Family Offices, Institutional investors, and HNI’s.
MYRE Capital’s user base includes 37% NRI investors from 16+ Countries
The startup is developing a proprietary AI/ML algorithm to identify and evaluate CRE properties
Neo-realty investments platform MYRE Capital announced a 10X growth in its user base within 12 months, registering over 30,000 investors and an AUM in excess of Rs.175 cr. To meet demand for CRE investment from HNIs, family offices, institutional and retail investors, MYRE Capital will be launching Rs.500cr Alternative Investment Fund (AIF) by July 2022. This will be a first-of-its-kind, SEBI regulated, Neo-Realty Investment fund.
The AIF will invest in A+ grade completed commercial real estate properties which are tenanted by blue chip tenants for long leases along with a healthy mix of select under construction properties. Investors will earn stable monthly rental income from the fund's assets of 8%-10% and will also benefit from the capital appreciation. The fund is expected to deliver an overall internal rate of return of 20%-25%.
 |
| Mr Aryaman Vir - Founder & CEO, MYRE Capital |
Investments in CRE has always been one of the preferred asset classes for institutional investors and HNI’s - via the fractional ownership model. However, with unprecedented demand from Family Offices and retail investors to diversify portfolio to beat inflation, MYRE Capital is witnessing a demand from a diverse base of high salaried professionals, NRIs, entrepreneurs, lawyers and Chartered Accountants.
MYRE Capital is also working on a state of the art proprietary asset evaluation algorithm. This algorithm is built on the fundamentals of artificial intelligence, machine learning, and big data analytics. It works in real time to source and evaluate 1500+ opportunities per month. The algorithm will promote quantitative decision making translating to superior asset performance and returns for investors.
Aryaman Vir, Founder & CEO, MYRE Capital said “Having aggregated 175cr+ in AUM and over 30,000 users on the platform in the previous 12 months, our target for the upcoming year is to achieve a 5X growth. We have maintained a 100% rental collection and distribution rate to investors and have achieved a 0% portfolio vacancy rate despite the three pandemic induced lockdowns. There is a massive uptick in CRE activity led by the pent up demand that has accrued in the past 2 years - we are seeing unprecedented leasing in the major commercial hubs. Further due to post-pandemic lingering stress, we have been able to secure institutional grade assets at lucrative prices for our investors."
Technology forms the base of MYRE Capital’s unique product offering and the company plans to launch some exciting new tech features to further enhance the user experience including a mobile application.
MYRE Capital has already launched five properties across Bangalore, Mumbai & Pune. With the increasing NRI traction that the company is witnessing, the fractional CRE platform is exploring a local presence in markets like Dubai, the UK and Singapore to offer global real estate opportunities to investors in the near future.
MYRE Capital is also aggressively expanding their team across verticals and investing in the work culture and ethos of the company.
About MYRE Capital:
MYRE Capital, a venture by Morphogenesis, is a tech-enabled fractional ownership platform that provides easy access, transparency, and liquidity to a curated selection of rent-yielding commercial real estate assets. Each asset is selected based on criteria involving predictive analytics, 25 years of industry expertise, and state-of-the-art technological processes. The company is founded by Mr. Aryaman Vir with his expertise in computer science, real estate, finance, and big data analytics .
MYRE Capital provides real estate owners and developers a reliable source of stable finance whilst providing potential investors and stakeholders with end-to-end management and execution thus enabling them to redevelop trust in this asset class and reposition the Indian real estate market on a global platform.