FOIP raised its first INR 23 crore Value Opportunity for Neo Developers, Gurgaon

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FOIP raised its first INR 23 crore Value Opportunity for Neo Developers, Gurgaon
FOIP raised its first INR 23 crore Value Opportunity for Neo Developers, Gurgaon

New Delhi, 26th February 2024: Fractional Ownership Investment Platform (FOIP), a new age tech-enabled start-up in fractional real-estate raised funding for the 23 Cr office space for NEO Square. The fund raised is a strategic last mile investment from block investors. NEO Square is a commercial project in Sector 109, Gurgaon.

FOIP raised investment through a set of HNI investors in a block deal for their office space comprising of 18000 sqft area. The investors will be directly invested in the property expecting a good return on their investment. FOIP has focused on value creation opportunities for the long term investors & customers.

Aankush Ahuja, FOIP CEO and Founder, said, “We would like to thank our partners and investors. We have been able to deliver our first commitment in less than a month’s time. This showcases the trust of our investors in our capabilities. The mission is to democratize access to value assets with a smaller ticket size with better returns. Our fractional investment model is a seamless online investment experience and meticulous end-to-end asset management.”

“With NEO Square investment we have asserted our belief that the investors are looking for fractional assets for capital appreciation along with safety of their investment. We are looking for a 100 crore investment raise in the first year of our operations. We hope to meet our target with more value deals soon” he further added.

Anand Anand, NEO Square, CEO, said, “FOIP has helped us in reaching out to right investors in a quick span and achieved the agreed numbers. We hopefully will be able to meet our commitments and generate value for existing investors in the project.”