hBits to raise Rs 500 crore through AIF in a first
The Economic Times
Kailash Babar | ET Bureau
Fractional real estate ownership platform hBits is planning to raise over ₹500 crore through an Alternative Investment Fund (AIF) to invest in commercial real estate including offices, data centers and warehousing projects.
This will be the first such fund raised by any fractional ownership platform in India. The company will be tapping both domestic as well as offshore capital for this fund-raising exercise based on the response to its initial activity in the markets.
