Real estate management Start-ups turn to NRIs

If you are a Non-Resident Indian and away from your property, you now don’t need to worry about managing your assets from overseas. Realty start-ups are offering property management services at your fingertips at a nominal fee.

While NRIs invest in domestic real estate market to channelize their funds, it becomes difficult for them to deal with day-to-day transactions with regards to their property. One such startup PropCare, aims to be a point of contact for all property related services like leasing/renting, maintenance and legal documentations at just 2 per cent of annual rental or Rs 25,000.

Prop Care presently offers these services only in Gurgaon but plans to expand its operations to Bengaluru, other parts of Delhi NCR, Mumbai and Pune covering all the main real estate hubs  in the first phase of growth, company’s founder and CEO  Amit K Lalit has announced.

“Our focus is NRI property management. We manage negotiations between tenants and landlord, renting agreements, payment of all utility bills, interiors as well as legal documentation and rent collection/deposit to client’s accounts,” Lalit said.

According to experts, this space has a huge potential and will witness good amount of action in the coming years. such property management companies become a vital coordination platform for Non-Resident Indians as all their asset management needs are taken care of, while they are back home.