Fractional Ownership | property | PROPBNK - Faq’s
What is Fractional Ownership?

Owners of fractional ownership share the cost of an expensive property by owning fractional shares or percentages. The value of their shares determines their access rights. With PropBnk, you can use the property for a specific number of days based on how many shares you own. Fractional ownership means that owners own a share in the property with the same rights as all other owners.

Can NRIs have fractional ownership in India?
Both resident Indians and non-resident Indians (NRIs) can own fractional shares in Indian companies. The company will own the property, and all fractional owners will hold a share in the company. In India, one can also have fractional ownership as long as one fulfills the criteria for owning a share in a company. If you are wondering, “can NRIs invest in properties offered by PropBnk?” then again, the answer remains the same.
Is it possible to access my 10 days at different times, or should all 10 days be together?

10 days is a 10-unit package. Let us say you come to the vacation home with your family and need 3 rooms each for 3 days. You would book 9 units, and your 9 days will debit. The remaining 1 day can be used whenever you like. It can be used by you, or you can give it to a friend or relative, and they will also enjoy the same benefits as you.

The answer to the question “how many days we can access a fractional property?”, at PropBnk is you get 10 days, and you can use them however you wish, in a year from the date of purchase

Would I receive any share of the rent received for any day I don't use the property?

Our fractional owners have the option of using their 10 days or a share in the rent received for any handover days.  No matter the reason, we let all fractional owners make the decision.

Can I invest in PROPBNK fractional property?
Anyone across the globe is more than welcome to invest in PropBnk’s properties. We have no restrictions on who can buy fractional shares. However, there are many government bodies with different rules and regulations. It is our policy to comply with these government bodies, such as RBI, and others, when offering investments in our properties.
What is the minimum investment in fractional property?

Fractional ownership is one of the most lucrative investment opportunities available in real estate, which is risk-free and guarantees a return on investment. It is common for people to ask questions when investing in real estate in India, such as “is fractional property/ownership legal in India?”, “is fractional ownership risky?”, “are fractional ownership investments secured?” and so.

In India, there is no minimum cap on the cost of a fraction of a real estate property; however, we intend to start at the cost of approximately ₹5,00,000 for one fraction or key. In the future, the offered price may increase or decrease depending on the plot size of the property or the number of fractions it contains.

How many shares are there in single PROPBNK fractional property?

With PropBnk, we want vacation homes to be affordable at a price less than what it would cost to own a plot in India. As plot prices continue to rise, we are determined to bring down the price of each fraction. As a starting point, we are doing some fractions shares of a property, but depending on the property’s size and price this may change as necessary.

What is a Key in fractional property?

A key is a term coined to denote the share or fraction in the property. Fractional owners often wonder, “is fractional property is registered on my name?” and “do I have to go for property registration?”. When we use the concept of calling it a key, we can explain the answer to both questions.

Every fractional owner owns a key, and every key is registered in their name, but it’s not like every portion of the property is registered in the individual owner’s name.

Is the entire fractional property investment process digital?

Yes! From the beginning, we were determined to make the investment process completely convenient for our shareholders. Our 100% process is digital.

The PropTech app allows you to browse several listings and choose the one that suits your needs. Explore the features and facilities offered and choose your favorite.

Through the app, you can manage your share. See how many days are remaining and hand them over from within the app itself. Investing in a property is entirely online as well. You can invest via a Demat account and then purchase shares through it.

Keep an eye on your key for appreciation and find out if people are willing to pay you more money and if people are willing to buy your share from you through in-app notifications, analytics, and much more. You can easily liquidate your asset or take advantage of market appreciation by listing your property with the desired amount and selling it once you receive an offer that equals or exceeds your desired price.

What Is the Process of Managing Fractional Vacation Homes?

To simplify vacation home management, it is helpful to divide it into three categories: usage allocation, accounting, and maintenance.

PropBnk is a 100% digital platform that manages property usage allocation and accounting. With the app, all stakeholders can manage their usage, remaining, and handover days. Using the dashboard, you’ll be able to view rent accumulated, withdrawals, and share price appreciation. The application is web-based, so it’s easy to use. Automating the process makes it so easy.

Do fractional ownership investments make sense?

Different models are available for fractional ownership. Because fractional property investment has such a wide range of concepts, people frequently ask questions like, “Is the payment refundable?”, “Can I take a loan to finance my investment?”, or “Is there any lock on the investment?”.

The answer is fractional ownership of a vacation home is a great investment!

Using PropBnk, you can exit or liquidate your share of the property by listing it for bidding for people who would like a share. You will be able to see who is bidding for the same or a higher amount and sell your share immediately.

Furthermore, you do not have lock-on restrictions with PropBnk, since we follow RBI guidelines. You can leave the property at any time according to RBI and our guidelines.

Is there an annual subscription fee or maintenance charge?

We have devised this entire concept after thoroughly consulting several business experts from the real estate industry and hearing the pain from hundreds of users. We understand when people are getting a vacation home or fractional ownership in a property, they are always bothered by maintenance charges and other additional annual subscriptions.

No, there is no subscription fee or maintenance charge.

We keep some days for ourselves at PropBnk to facilitate our shareholders efficiently, and this allows us to accumulate rent for paying maintenance and other expenses.

Is it possible to buy a share with someone else?

In order to accommodate our shareholders, we keep our share prices lower than the price of a plot in India to keep them affordable. We will not be able to interfere with your usage rights or any other rights whatsoever if you decide to buy a fractional share with someone. Any issues or discrepancies that arise within you will need to be resolved by you.

Is it possible to sell my fractional ownership share in the future?

The PropBnk platform does not have a lock-on period and lets you list your share for any amount, and other investors bid based on their interest. PropBnk’s well-thought-out concept allows our shareholders and stakeholders to liquidate their fractional ownership shares whenever they wish.

Is fractional investing a better investment option than traditional real estate?

The traditional method of investing in real estate requires a considerable amount of time and money, whereas fractional investing allows you to invest with a small amount of capital and manage everything easily. You can start small and buy/sell your shares quickly with a web app or a mobile app.