Key Takeaways
- • Per Annum's fractional real estate platform Estates has expanded to Bangalore after successful launches in Gurugram, enabling co-ownership of premium residential properties with minimum investments of Rs 10 lakh per investor.
- • The platform has crossed Rs 250 crore in Assets Under Management and is targeting Rs 500 crore in the near term, having achieved Rs 100 crore in AUM within its first month of launch.
- • Bangalore portfolio includes two flagship projects: Birla Evara on Sarjapur Road and Mahindra New Haven on Hosur Road, each offering 5–7 co-ownership units with historical deal structures averaging 70–80 investors per property (capped at 200 maximum).
- • Per Annum operates a direct-to-developer model with no intermediaries, eliminating transaction friction in fractional ownership deals and providing institutional-grade access to high-value residential real estate for retail investors.
- • CEO Ekmmeet Singh signaled aggressive geographic expansion, with additional Bangalore opportunities in pipeline and active evaluation of premium projects in Mumbai and Hyderabad to build a pan-India portfolio.
Summary
Per Annum, a Delhi-based alternative investment platform, has launched Estates, its fractional real estate investment product, in Bangalore, marking the platform's expansion beyond its initial Gurugram footprint. The product enables multiple investors to co-own premium residential properties with entry points as low as Rs 10 lakh, addressing a structural gap in retail access to high-value real estate assets in India's major metropolitan markets.
The fractional ownership model operates on a direct-to-developer basis, eliminating intermediaries and streamlining transaction execution. Estates has demonstrated strong traction since inception, crossing Rs 250 crore in Assets Under Management following a rapid deployment phase where the platform accumulated Rs 100 crore in AUM within its first month of operation. The company is actively targeting Rs 500 crore in near-term AUM expansion. Prior to the Bangalore launch, Estates had successfully distributed capital across premium Gurugram projects including Trump Towers by Tribeca Developers and Astra by Godrej Properties.
The Bangalore portfolio currently comprises two anchor assets: Birla Evara located on Sarjapur Road and Mahindra New Haven on Hosur Road. Each project typically structures 5–7 co-ownership units available for fractional investment. Historical deal execution indicates average investor participation of 70–80 individuals per property, with a structural cap of 200 investors per transaction. This architecture balances liquidity management with diversification benefits for retail capital.
CEO and Co-founder Ekmmeet Singh indicated aggressive expansion strategy, stating the company plans additional Bangalore opportunities to capitalize on demonstrated demand for premium and luxury housing access. Simultaneously, Per Annum is in active evaluation stages for premium projects in Mumbai and Hyderabad, signaling intent to establish a pan-India platform presence. The company's fractional ownership model positions it within the emerging alternative investment infrastructure gaining regulatory attention in India's wealth management ecosystem.
The fractional ownership model operates on a direct-to-developer basis, eliminating intermediaries and streamlining transaction execution. Estates has demonstrated strong traction since inception, crossing Rs 250 crore in Assets Under Management following a rapid deployment phase where the platform accumulated Rs 100 crore in AUM within its first month of operation. The company is actively targeting Rs 500 crore in near-term AUM expansion. Prior to the Bangalore launch, Estates had successfully distributed capital across premium Gurugram projects including Trump Towers by Tribeca Developers and Astra by Godrej Properties.
The Bangalore portfolio currently comprises two anchor assets: Birla Evara located on Sarjapur Road and Mahindra New Haven on Hosur Road. Each project typically structures 5–7 co-ownership units available for fractional investment. Historical deal execution indicates average investor participation of 70–80 individuals per property, with a structural cap of 200 investors per transaction. This architecture balances liquidity management with diversification benefits for retail capital.
CEO and Co-founder Ekmmeet Singh indicated aggressive expansion strategy, stating the company plans additional Bangalore opportunities to capitalize on demonstrated demand for premium and luxury housing access. Simultaneously, Per Annum is in active evaluation stages for premium projects in Mumbai and Hyderabad, signaling intent to establish a pan-India platform presence. The company's fractional ownership model positions it within the emerging alternative investment infrastructure gaining regulatory attention in India's wealth management ecosystem.
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