eNews
Moneycontrol and hBits set to make commercial real estate accessible to all investors
Mumbai: Moneycontrol, India’s leading financial news and investment platform, has partnered with hBits to transform the landscape of commercial real estate investment through fractional ownership and make it more accessible to a wider audience. This collaboration seeks to democratize access to Grade A commercial real estate properties, enabling potential investors to participate in fractional ownership through Moneycontrol’s platform.
Moneycontrol, a trusted name in the financial sector boasting 75 million investors, offers an innovative investment service. The partnership introduces a dedicated ‘Invest Now’ tab on the Moneycontrol platform, providing a convenient gateway for potential investors to explore and engage in fractional ownership of commercial real estate. This feature will provide Moneycontrol users with an intuitive and easy-to-use interface to browse and invest in Grade A commercial properties curated by hBits, further enhancing the platform’s utility as a comprehensive financial resource.
hBits, founded in 2018, has established itself as a pioneer in fractional ownership, offering fractional ownership in Grade A commercial properties. A concept providing lucrative investment opportunities that were previously inaccessible to the everyday investors. Their approach combines trust, transparency, and accessibility, ensuring that real estate investment is no longer the preserve of ultra-high-net-worth individuals and institutions.
hBits has assets under management worth ~ Rs. 260 Crore and has amassed a significant user base of over 60,000 registered users. Its leadership team, with over 100 years of cumulative experience in real estate and finance, includes notable figures such as Shiv Parekh, the founder and CEO, and Samir Bhandari, the co-founder and CFO, both of whom have impressive backgrounds in global finance and real estate sectors.
This integration aligns with recent regulatory changes by the Securities and Exchange Board of India (SEBI), supporting fractional and small-medium Real Estate Investment Trusts (REITs). These legal changes are likely to encourage investment and liquidity in the real estate sector, offering an ideal environment for such an innovative collaboration. This strategic alliance signifies a pivotal move for both organizations as hBits gains access to the extensive reach and user base of Moneycontrol, while Moneycontrol expands its offerings, giving users distinctive real estate investment alternatives. This collaboration is poised to open doors to more inclusive and diversified investment avenues for retail investors, marking a significant step towards democratizing access to high-value investment opportunities in commercial real estate market.
Moneycontrol chief revenue officer Gaurang Shah said, “We are thrilled to announce our strategic partnership with hBits, marking a significant leap in the democratization of real estate investments. The joint platform is set to revolutionize the way people engage with commercial real estate, making fractional investments more accessible than ever before. At Moneycontrol, our commitment has always been to empower investors with innovative solutions, and this collaboration aligns perfectly with that vision. Through this platform, we aim to provide our users with a seamless and user-friendly experience, allowing them to participate in the lucrative commercial real estate sector with ease. Together with hBits, we look forward to opening new doors for investors, enabling them to diversify their portfolios and achieve their financial goals.”
“We are thrilled to announce our partnership with Moneycontrol, marking a significant milestone in our quest to make commercial real estate investment more accessible to everyone. This collaboration is a game-changer, as it allows us to introduce the concept of fractional ownership of top-tier commercial properties to a broader audience. With Moneycontrol’s extensive network, we’re poised to revolutionize the way people invest in real estate. Our combined efforts will open the doors to premium real estate investments, making them not only accessible but also affordable for everyday investors,” expressed hBits CEO Shiv Parekh.
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
