VALION launches realty portfolio management portal “myfollo”

New Delhi, India, February 3, 2016: Valion, P.R.E.F.O, a Private Real Estate Family Office has launched a real estate portfolio management portal myfollo to cater to property advisory for investors and end users. The Gurgaon-based Valion plans to raise Rs 30-40 crore from investors by mid 2016 for expansion of the new entity across India. The company has already begin initial talks with potential investors.

myfollo will manage real estate portfolios online and would execute  investments, disposition, advisory, lettings and residential property management for its online users. Valion focussing on HNIs for last 10 years plans to expand their reach to the middle and higher income group through myfollo. Studies indicate that over 82% of the Real Estate investments are done by this segment hence a large potential problem to solve.

Post launch, myfollo is targeting Rs 42,000 Crores of Assets Under Management (AUM) in the next 18 Months. Valion, the parent company, has already invested $200,000 for developing the team and platform for myfollo.

Post registeration on the portal, the website will automatically calculate the total net worth of the individual, give alerts, notitifications and will give recommendations on all assets.

Amit K Lalit, CEO and Founder of Valion, said, “Indian real estate market is maturing at a rapid pace with many globally renowned realty companies and consultants opening up their shop here realizing the tremendous growth opportunities in this part of the world. However, there was a big gap in providing specialized real estate advisory for mid-segment investors and end-users. With myfollo’s professional team and real estate advisory pedigree, we plan to bridge the gap for the masses.” 

The platform will be launched for Gurgaon NCR and would taken to top 8 cities of india in a phased manner.

Valion brings Top 100 developer relationships to myfollo platform and has existing 1,100 plus top HNI family relationships across Singapore, Jakarta, Delhi, Mumbai, Hyderabad and Chennai. It manages over Rs 4,000 crore of assets for these HNIs.

For managing the properties, Valion already has a company, PropCare, which manages 46 properties in Delhi, Bangalore and Mumbai and plans to manage 500 properties by next year.

myfollo

Existing Portfolio of assets

  • Developments/ New Project Launches in that specific micro market
  • Performance, Rental & Capital Valuations with trends
  • Free Valuations, Recommendations on all assets  on an interactive dashboard
  • Residential property management of existing assets through a technology interface
  • Online offers for sale/ lease/ management of assets  and handholding in closure

New Purchases/ Investment  Consulting

  • Micromarket/ neighbourhood analysis
  • Pricing, demand supply trends
  • Correct Market Pricing : Not Primary and Secondary pricing
  • Search based on ones perspective
Technuter.com News Service

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