FAQ's
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Certainly. All pertinent asset documents, including Lease/Rental/Tenancy Agreement/Deed or Leave & Licence Agreement, are readily available for viewing on the respective dashboards of CoVest investors.
An SPV, or Special Purpose Vehicle, is a legally established entity such as a Partnership firm, LLP, or private company, created for a specific lawful purpose. CoVest ensures that any investment opportunity featured on its platform is owned by an SPV—a private limited company or an LLP created solely for the designated purpose.
CoVest conducts thorough legal due diligence on properties before they are acquired by the SPV. While all legal processes related to investment and property are managed by CoVest, investors are encouraged to seek tax and legal advice from their advisors. Should you choose to engage legal/tax advisors, CoVest is available to address any inquiries they may have.
No, there is no necessity for in-person visits. All required documentation will be digitally signed through a reputable digital signature provider.
Initiating an investment with CoVest involves creating a KYC-verified CoVest account. The necessary documents include a copy of your PAN Card, address proof such as Aadhar, Driver's Licence, or Passport, and a bank statement or a cancelled cheque leaf with the name printed.
At CoVest, the utmost priority is placed on the security of the platform and privacy of all user data. The platform is designed with best-in-class security and privacy features. All data is hosted on secure cloud networks, and sensitive client data is encrypted and stored.
The minimum investment with CoVest is Rs. 10 lakhs, though this amount is subject to change.
Maintaining 100% transparency, CoVest ensures that all property documents, rental agreements, tenancy details, title reports, and due diligence reports are accessible through the Investor dashboard.
No, CoVest does not guarantee returns. While rental yields on most platform opportunities are known in advance, the inherent risk that the expected gains may not materialize remains. CoVest emphasizes that projections presented in presentations, webinars, and discussions are indicative and not guaranteed returns. Prospective investors are advised to exercise caution with schemes that promise guaranteed returns.
CoVest welcomes investments from any Indian citizen only.
Fractional ownership real estate typically incurs initial acquisition fees and ongoing maintenance and management fees. These costs are shared among co-owners based on their fractional ownership. Additionally, fractional owners may be responsible for property taxes and insurance costs. It is essential for potential fractional owners to thoroughly review ownership agreement terms and assess whether co-ownership benefits outweigh potential financial burdens.
In fractional ownership real estate, return on investment is calculated based on the investor's percentage of ownership. This calculation considers rental income and potential capital appreciation. The overall return on investment is determined by combining rental income and potential capital appreciation while subtracting expenses such as property management fees and maintenance costs. The resulting figure represents the net return on the investor's share of the property.
Fractional property investment involves multiple investors pooling resources to purchase fractions of high-value properties, including vacation homes, commercial real estate, and luxury residential buildings. Returns on investment can be earned through rental income or capital gains upon property sale.
Like any investment, fractional property investment carries risks, including market fluctuations, regulatory changes, potential property management issues, and unexpected expenses. Fractional ownership may limit decision-making power, and investors should conduct thorough due diligence to assess these risks.
The length of time to hold a fractional real estate investment varies based on financial goals and market conditions. Real estate investments are typically considered long-term, with a suggested holding period of 3-5 years for potential appreciation and rental income. However, individual circumstances may influence holding periods.
Yes, most fractional real estate investments can be sold. The process and requirements for selling fractional ownership vary based on the investment type and provider. Reviewing the terms and conditions of the fractional real estate investment, as well as applicable laws and regulations, is crucial.
The best real estate investment options in India depend on individual financial goals and risk tolerance. Options include residential or commercial property investments, real estate mutual funds, REITs, and fractional ownership. Thorough evaluation and consultation with a financial advisor are recommended before making investment decisions.
Determining the capital needed for real estate investment in India hinges on factors such as location, investment type, and market conditions. Some options are affordable, starting at Rs. 25 lakhs. Consulting with a financial advisor or real estate professional can provide tailored advice based on individual financial situations and goals.
Online real estate platforms provide property information, investment analysis and management tools, and options for property search and purchase. Some platforms offer property management services and financing options, aiming to simplify the real estate investment process.
Online real estate platforms typically feature a diverse range of properties, including residential apartments, villas, townhouses, commercial spaces (office, retail, industrial), and even land. Some platforms specialize in specific property types, such as student housing or vacation rentals, with offerings varying based on the platform and the targeted region or market.
In the unlikely event that a property on the CoVest platform doesn't reach its funding target, any committed funds by investors will be promptly reimbursed to their verified bank accounts.
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