Senior Living Investment Opportunity By Manasum

Property Details

Micro-market

Bengaluru, Karnataka

Property Type

Fractional Investment

Status

Available

Project Timeline

Key milestones for this project, updated as the developer confirms them.

Property Information

Legal Information

Indicative legal & tax information based on available documents; verify with your lawyer before transacting.

Occupancy Certificate

Yes

Fire NOC

No

Can you own this, and how?

Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.

I am buying as:

Status

• Permitted, securities, not land

What you actually hold

• This is not land law. In a fractional deal you almost always hold securities, either shares or debentures in a special purpose vehicle, an LLP interest, or units in a SEBI registered small and medium REIT. You do not hold the building. Your name does not appear on the title deed. The SPV or the REIT trust is the registered owner.

Key rules and restrictions

• An unregulated fractional platform gives you no regulator to complain to if the sponsor fails.
• A small and medium REIT is regulated by SEBI, has a minimum subscription of Rs 10 lakh per investor and a scheme size of at least Rs 50 crore.
• A small and medium REIT must hold at least 95% of scheme assets in completed and revenue generating property.
• Exit depends on someone buying your share. A private SPV share has no ready market.

Funds and process

• Domestic funds into the SPV or the REIT scheme. Read the shareholders agreement for the drag along, tag along and exit waterfall before you wire anything.

Taxes

• Returns arrive as dividend, interest or rent share and are taxed by their character, not as property income. Gains on unlisted shares held over 24 months are long term. Units of a listed small and medium REIT follow the REIT taxation rules, so run the numbers with a chartered accountant.

Verify before you buy

• Ask whether the vehicle is SEBI registered and get the registration number.
• Read the title report on the underlying asset, not just the brochure.
• Check who controls the decision to sell and on what majority.

Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in India before you commit.

Investment Information

Location

Bengaluru, Karnataka, India

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