Moneycontrol announces partnership with hBits

Moneycontrol has partnered with hBits.The collaboration seeks to democratize access to Grade A commercial real estate properties, enabling potential investors to participate in fractional ownership through Moneycontrol’s platform.

The partnership introduces ‘Invest Now’ tab on the Moneycontrol platform, providing a convenient gateway for potential investors to explore and engage in fractional ownership of commercial real estate. This feature will provide Moneycontrol users with an intuitive and easy-to-use interface to browse and invest in Grade A commercial properties curated by hBits, further enhancing the platform's utility as a comprehensive financial resource.

The integration aligns with recent regulatory changes by the Securities and Exchange Board of India (SEBI), supporting fractional and small-medium Real Estate Investment Trusts (REITs). These legal changes are likely to encourage investment and liquidity in the real estate sector, offering an ideal environment for such an innovative collaboration. This strategic alliance signifies a pivotal move for both organisations as hBits gains access to the extensive reach and user base of Moneycontrol, while Moneycontrol expands its offerings, giving users distinctive real estate investment alternatives.

Gaurang Shah, Chief Revenue Officer, Moneycontrol, said, "We are thrilled to announce our strategic partnership with hBits, marking a significant leap in the democratization of real estate investments. The joint platform is set to revolutionize the way people engage with commercial real estate, making fractional investments more accessible than ever before. At Moneycontrol, our commitment has always been to empower investors with innovative solutions, and this collaboration aligns perfectly with that vision. Through this platform, we aim to provide our users with a seamless and user-friendly experience, allowing them to participate in the lucrative commercial real estate sector with ease. Together with hBits, we look forward to opening new doors for investors, enabling them to diversify their portfolios and achieve their financial goals."

Shiv Parekh, CEO, hBits, said, “We are thrilled to announce our partnership with Moneycontrol, marking a significant milestone in our quest to make commercial real estate investment more accessible to everyone. This collaboration is a game-changer, as it allows us to introduce the concept of fractional ownership of top-tier commercial properties to a broader audience. With Moneycontrol's extensive network, we're poised to revolutionize the way people invest in real estate. Our combined efforts will open the doors to premium real estate investments, making them not only accessible but also affordable for everyday investors.”

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