BRIK itt - Fractional Ownership Simplified!

Yes, just make sure you comply with regulations at the time of buying.

Every listed property is divided into 11 equal fractions where each fraction is termed as a “BRIK”

Every BRIK buying opportunity comes with the payment plan of fixed installments. To know more, click on the Know Your BRIK button in the Project Details Section.

Cost Effective- A BRIK is Cost effective than buying the entire property under single ownership,as ticket size is reduced. Easy diversification of portfolio- one can enjoy the ownership pride of at least 11 property fractions for the price of One, thus truly justifying the motive of diversification of your Real Estate Ownership Portfolio. Hassle-free & Passive income – Your entire property is fully furnished and professionally managed which ensures maximum rate of Appreciation and higher rental yields in a passive manner without your physical involvement, thus making it hassle free.

To maintain the Exclusiveness of ownership at present One can own only 5 BRIK in a property at the time of initial acquisition. If you wish to own more than 5 BRIKs you can do so by buying them in the name of your family members or relatives.

The value of a BRIK includes the cost of 11th portion of the listed property including GST, Stamp & Legal, Furnishing and Conveyance Cost.

BRIK itt will not accept any payment after 11th booking, and is purely based on First Come, First Serve Basis.

11 BRIKs makes it easy to divide each BRIK owner property right for one month, in a year.

As BRIK itt provides you exclusive and diversified inventories to choose from premium to luxury properties with the most hassle free and innovative approach. BRIK itt enjoys the benefit of being first of its kind in the Indian market with the motto of Exclusivity at its core.

You can get started by signing upon our website www.brikitt.com , create account and complete KYC process, browse through various ownership opportunities, select your best option and BRIK itt.

Fractional ownership in real estate is a term used to describe when a number of investors join together to invest in a real estate asset so that all of them can benefit from the income generated, value appreciation as well as usage rights of the assets.

As BRIK value is the fraction of a given property it varies from property to property.

BRIK itt will not encourage you to withdraw before lock-in period, Whereas in case of such unavoidable circumstances cancellation charges are as per the investment memo of the individual property bought.

Yes,Whereas every listing Comes with the specified usage rights. Please check before buying a BRIK.

There are 3 types of charges – Conveyance Charge Hurdle Charge Management & Operational Charge

Whenever 6 or more members are willing to exit then the property will be listed for re-acquisition or sale, which ever will be favorable.However our AI powered digital dashboard will be providing you with the current opportunities and suggesting you the right time to churn maximum benefits.

In any future unavoidable circumstances, if it happens, you own a real tangible property, your investment never dies, only the management part of the property will be hampered.

You are entitled to pay Property tax of the property owned and income tax on the returns you get.

The BRIK owner enjoys a number of freedom of usage which includes but not limits you to Use It- Every BRIK owner can use the properties with usage rights,for 30 days a year Gift It- It can be gifted to your loved ones Transfer It- The BRIK comes with hasslefree transfer-ability Sell It- You can sell it to anybody

Every property is zeroed upon if it passes all the compliance of these four key areas of Due Diligence – Property – Detailed inspection of fundamentals like property info, timeline, budget, zoning and entitlements, architectural plans, title report Market – Analysis if micro environment related to opportunities and risks like property appraisal, market overview, market demographics, comparable and location map Legal – Legal and security structures, rights, responsibilities and remedies Earning potential – Every property is selected on the basis of viability of different business modules that can be implemented on it to fetch highest returns.

There are two types of returns in a financial year an owner is entitled to Firstly, the Capital Gains those are organic in nature and are market dependent and Secondly, the Rental yields which are derived by the BRIK itt business model.you get your rental yields after you buy a BRIK. Once you have made all installments, you are entitled to enjoy the returns. Your returns start getting calculated only and only after the full payment of the BRIK is made and not during the installment period.

Yes, every BRIK owner will be made a Fraction Owner of a SPV (Special Purpose Vehicle) which holds the entitlement of the property and shares the equal ownership rights. And The property will be managed by BRIK itt.

The BRIK comes with easy liquidation opportunities. There is no restriction on selling, Gifting & transferring of the BRIK. The owner gets full freedom of selling the BRIK at his desirable value after the lock in period.

We provide you a digital platform with the personalized dashboard, which gives you the benefits of buying and tracking the information of your each and every BRIK you own.