Question 1

What is Fractional Ownership?

Accepted Answer

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.

Question 2

How to get started with BRIK itt?

Accepted Answer

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.

Question 3

What is a BRIK?

Accepted Answer

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

Question 4

Why 11 BRIKs

Accepted Answer

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

Question 5

What happens if more than 11 persons are interested in the same Property?

Accepted Answer

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

Question 6

What are the benefits of buying a BRIK?

Accepted Answer

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.

Question 7

How many BRIKs can a buyer own in a property?

Accepted Answer

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.

Question 8

How the value of a BRIK is calculated?

Accepted Answer

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

Question 9

Does the BRIK value remains fixed or it varies?

Accepted Answer

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

Question 10

Can NRI’s also invest via BRIK itt?

Accepted Answer

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

Question 11

What is the payment plan?

Accepted Answer

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.

Question 12

Why Chooose BRIK itt?

Accepted Answer

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.

BRIK itt - Fractional Ownership Simplified!

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