Frequently Asked Questions

The Service Offerings of Alt DRX Platform is open to anyone who can invest in a manner that qualifies as domestic investments under exchange control and other applicable regulations in India. In all cases, any investment on ALT DRX Platform can only be made through an Indian rupee account. For more details on the process, please see Terms of Use.

Digital Real Estate enables investment in Real Estate without physically owning it. It's a modern, asset backed, and convenient way to buy and sell real estate electronically/digitally with just a few clicks.

ALT.SQFT, in layman's terms are nothing but Tradeable Digital Assets. It captures a pre-determined financial value, that is proportionate to 1 square foot of real estate, held by an SPV, in which you have invested. ALT.SQFT are allotted to you based on a specific Investment Opportunity that you have decided to invest in. They represent the loan that you have extended to a specific SPV, to help the SPV to purchase pre-identified properties and are held digitally in your Virtual SQFT Wallet. ALT.SQFT can be bought / sold digitally between users of the Alt DRX Platform. Each ALT.SQFT has a unique name / reference id and refers only to a specific Property Investment opportunity. The ALT.SQFT's value and income generation ability is hence linked to the Properties held by the specific SPV that has issued them. As an ongoing investor in an ALT.SQFT, you shall be eligible to: - Receive interest payments announced periodically, provided you hold the ALT.SQFT on the record date (being the date on which you are eligible to receive such payment is recorded) - Receive repayment of the face value of the loans periodically at the discretion of the SPV - Receive repayment of the balance of the face value (after adjusting the payments towards the face value that is already made) at the end of the loan tenure upon the sale of the Properties held by the SPV - Receive redemption premiums (i.e., profit over and above the face value), if any, upon maturity of the loan - Receive sale proceeds upon the sale of the ALT.SQFT to other users of the Alt DRX Platform, post applicable taxes and levies - Other community benefits and social commerce offers that are available from time to time For more details on ALT.SQFT, please see Terms of Use.

No, ALT.SQFT is not a Cryptocurrency. ALT.SQFT, in layman's terms, are nothing but Tradeable Digital Assets/ Loan Units. It captures a pre-determined financial value, that is proportional to 1 square foot of real estate, held by an SPV, in which you have invested. Please refer to “What is ALT.SQFT?” mentioned above in this FAQ section.

You are required to execute certain documents and agreements either digitally or physically. Our team will co-ordinate with you for the same for execution of all such documents and agreements which needs to be executed, whether digitally or physically. All the documents to be executed digitally are verified and executed through an OTP / Aadhar OTP based secure system when you press the “Accept” or “Invest” button. All the paperwork in the real world, including Property purchase documents and their registrations are done by the designated partners of the SPV and / or the appointed master property manager and / or the appointed escrow agent / administrators.

The number of ALT.SQFT issued by an SPV in a specific Property Investment opportunity every time a new property is set to be acquired will usually be equal to or lesser than the “Saleable Area in Square Foot Unit” of the Property that the SPV has identified to purchase. For example, if the identified Property to be purchased by the SPV is 1,350 square foot, then the number of ALT.SQFT to be issued for that particular Property Investment opportunity by the SPV will be 1,350. However the above is not applicable to India Investment Opportunity which invests in partnership rights/ SQFT. of other specific Investment opportunities.

Each ALT.SQFT shall have a Principal Value which will be announced during the Private Opportunity of a Property Investment opportunity. The subsequent market value of the ALT.SQFT will be determined using a machine-learning, open-source algorithm that will assist users in real-time, dynamic price discovery. The platform using a supervised / unsupervised learning model will offer users daily a suggested price to buy / sell all the ALT.SQFT listed on the platform, thus helping them to make an informed decision, while purchasing or selling. The users, however, will not be compelled to use such pricing determined by the system and will be given the option (a price band) to transact at a price of their choice. The Properties held by the SPVs shall also be valued by an IBBI accredited valuer periodically.

The distributions will be as per the investment documents and the terms agreed upon by the SPV, ALT.SQFT holders, and Partners.

Participation in Property Investment opportunities is subject to the Platform the “Terms of Use” and “Privacy Policy”. Nothing contained herein shall be construed to mean an offer or an invitation to make an offer to SPV for investing in the properties. An offer shall only be considered to be made to such persons to whom a private placement memorandum (Information Memorandum) has been provided on a private interaction basis. This document is merely informative and not meant as an offer to, or invitation to any person to make an offer to, make an investment in the property(/ies) or the asset(s) or as a solicitation for investments. The Buying SPV and Alt DRX Private Limited expressly disclaims any obligation to release publicly any updates or revisions to any statement contained in this Information Memorandum. The investment outcome forecasts are for information purposes only and are only indicative in nature. The numbers are determined based on certain assumptions, hypothetical calculations, financial estimates and estimated returns which may fluctuate from time to time depending on business strategies adopted by the SPV, changes to the Indian economy, market volatility, force majeure events, and any other factors that may be beyond the control of the SPV. The above statements should not be construed as a statement of assurance of secure investments or guaranteed returns. The investments may vary subject to market volatility and all investments remain subject to market risk. The participant must carefully evaluate the investment opportunity, including the complete set of risk factors before investing in the same.

Tokenisation in Real Estate refers to the process of dematerializing properties into Digitally Tradeable Units, which enables everyone to buy, hold and sell properties 1 SQFT at a time. This solves multiple problems in Real Estate including illiquidity, cumbersome processes, restrictions on access and opaqueness of deals etc.

Based on the Investment Thesis and Portfolio Purchase Parameters, “properties” are acquired sequentially through a Limited Liability Partnership (“LLP”) that acts as a Special Purpose Vehicle (“SPV”) in which investments in the form of partnership rights and/or ALT.SQFT can be done by you. All Properties will be managed by a professional Master Property Manager (MPM) appointed by the SPV. By virtue of the said investments, you get the benefit of (i) the periodic rentals that may be generated by the SPV by renting out / operating such Properties; and / or (ii) long term capital appreciation in the value of the Properties upon sale of the Properties; and / or (iii)Community Benefit Plan and Social Commerce offers available from time to time on the platform

Knight Frank, a renowned International Property Consultancy, has analyzed a list of target projects on the basis of parameters like quality, amenities, future price growth potential and location advantage. These projects have been shortlisted from an exhaustive list of projects, which fit the investment thesis. These are developed by the top Real Estate developers in the city and are the best in the class in terms of quality, amenities and specifications.

The PPP is decided with an aim to create a diverse portfolio of high capital appreciation potential residential properties (plots and apartments) developed by top developers in Greater Bangalore Region (BMRDA jurisdiction) The per sq ft value and ticket sizes of each property is range bound to ensure future growth potential and liquidity. Also, the time frame for acquisitions is pre-decided so as to give the investors an opportunity to invest in the best plotted or residential apartment investment portfolio.

Consent from all Partners & ALT.SQFT holders is mandatory for new property acquisitions

MPM is a part of the Sponsor Group (Partnership Rights holders) which shall hold a minimum of 15% of the economic value of the SPV.

No. TradeX, which is a stage in which existing ALT.SQFT holders can offer their ALT.SQFTs for sale, shall be open and available only when the BD stage is closed.

Properties will be acquired sequentially in the SPV (LLP) over a period of two years. As an investor in the BD stage of an SPV, you will hold proportionate rights to all the Properties owned by the SPV, immaterial of whether they were bought before you invested in an SPV's ALT.SQFT or after.

You can sell your ALT.SQFT through the Alt DRX Platform's TradeX feature, which allows you to list your ALT.SQFT for sale to other users. The sale will be subject to the terms and conditions of the platform and any applicable regulations.

ALT.SQFT can only be bought by users who have completed the KYC process and are eligible under Indian regulations to invest in such products. All purchases must be made through an Indian rupee account.

Your investment is secured by the underlying real estate assets held by the SPV. The properties are managed by professional property managers, and all transactions are recorded digitally for transparency and security.

ALT.SQFT can be transferred to other eligible users on the Alt DRX Platform through the TradeX feature, subject to platform rules and regulatory requirements.

The value of ALT.SQFT is linked to the underlying property value. If the property value decreases, the value of your ALT.SQFT may also decrease. Investments in real estate are subject to market risks.

Returns are distributed as per the terms of the investment opportunity. This may include periodic interest payments, principal repayments, and any profits from the sale of the property or ALT.SQFT.

Tax implications depend on your individual tax status and the nature of returns received. Please consult a tax advisor for specific guidance. The platform may deduct TDS as per applicable laws.

Currently, only residents of India who comply with Indian regulations can invest in ALT.SQFT. NRIs may be allowed in the future, subject to regulatory approvals.

You will need to provide valid government-issued identification, address proof, and bank account details to complete the KYC process on the Alt DRX Platform.

You can track your investment performance through your dashboard on the Alt DRX Platform, which provides real-time updates on your holdings and returns.

All properties are managed by a professional Master Property Manager (MPM) appointed by the SPV to ensure proper maintenance and maximize returns.

The minimum investment amount varies by opportunity and will be specified in the details of each Property Investment opportunity on the platform.

You can exit your investment by selling your ALT.SQFT on the TradeX platform to other users, or by redeeming your units at the end of the investment tenure as per the terms of the opportunity.

The SPV (Special Purpose Vehicle) is a legal entity created to acquire and hold the real estate assets. It manages the properties, issues ALT.SQFT, and distributes returns to investors.

The platform may charge transaction fees for buying, selling, or managing ALT.SQFT. All applicable fees will be disclosed in the terms of each investment opportunity.

The value of ALT.SQFT is determined by the underlying property value, market demand, and periodic valuations conducted by accredited valuers.

If the SPV is dissolved, the assets will be liquidated and proceeds distributed to ALT.SQFT holders and partners as per the terms of the investment documents.

Yes, you can invest in multiple Property Investment opportunities on the Alt DRX Platform, subject to eligibility and availability.

You can contact the Alt DRX support team through the platform's helpdesk or customer support channels for assistance with any queries.