 "RealX: Now, you can co-own prime property by investing a small amount")
RealX, a Pune-based financial technology startup, is aiming to do transactions in fractional ownership of properties worth Rs 100 crore in the next one year. Recently, it executed the first ever digital fractional ownership transaction in the country.
In digital fractional ownership transaction, a seller puts his property for sale on the RealX platform and multiple buyers can co-own the property. After the sale deed is registered, it is sent to RealX's tech partner REGKO for the issuance of fractional ownership certificates or FRAX to respective co-owners.
On July 31, RealX executed a pilot transaction in Karad, Maharashtra, selling a
