Friday, Aug 12 2022 | Time 23:49 Hrs(IST)
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Business Economy


PaisaXpaisa gears up to launch its services in US market by November 2021

Hyderabad, Oct 13 (UNI) Assets & More's parent company PaisaXpaisa, which has been managing property loan portfolios of about Rs 250 crore for the last three years, is gearing up to launch its services in the US market from November this year.
The company in a release here on Wednesday said the proptech company will accept cryptocurrencies in real estate transactions and it will be the first Indian company to accept cryptocurrencies in real estate deals.
Assets and More, the leading city-based proptech company which popularised the innovative concept of fractional property ownership in Telugu States, also announced that it signed a mega property services deal with Allure Infra.
According to this deal, Assets and More agreed to raise funds and provide complete management services to all three of Allure Infra’s projects located in Bangalore, the release said.

Assets & More will also undertake fractional property sales, maintenance and rental management. In addition to that, it will provide similar services to other projects to be developed by Allure Infra.
Known for providing innovative real estate investment opportunities for small investors through fractional property ownership, Assets & More had earlier signed similar agreements with Hyderabad-based Vasavi Group and Shanta Sriram Constructions to manage the 1.5-lakh-sft Sky City twin towers project in Gachibowli, Hyderabad.
Besides, the proptech company is also raising investments for the Space City residential real estate project near National Investment & Manufacturing Zone (NIMZ) in Zaheerabad.
Commenting on the new deal, Hanu Yedluri, Founder of Assets & More, said we are happy that we got a chance to manage property that’s being developed at Marathahalli in Bangalore by Allure Infra, a part of Allu Group.

In addition to assured rental income, this real estate investment model offers decent capital appreciation for property owners and these investments offer steady returns irrespective of market fluctuations.
Investment security is another plus point as property is registered on the owner's name, said Hanu.
We are happy to associate with Assets & More which will henceforth handle fund raising, sales, marketing and maintenance services of our projects.
Technology will totally transform the real estate sector in future. We are adopting digital technologies much ahead of others. It's a big plus point for us to be associated with Assets & More which has a long experience in the proptech space", ALLURE Infra managemen said.
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