Valion launches realty portfolio management portal “myfollo”
~~ Valion plans to raise Rs 30-40 crore in 2016~~
~~myfollo targets Rs 42,000 Crores of AUM~~
~~Valion has already invested $ 200,000 in myfollo~~
New Delhi, February 1 2016: Valion, P.R.E.F.O, a Private Real Estate Family Office on Monday
launched a real estate portfolio management portal myfollo to cater to property advisory for
investors and end users.
The Gurgaon-based Valion plans to raise Rs 30-40 crore from investors in 2016 for expansion
of the new entity across India. The company has already begin initial talks with potential
investors.
myfollo will manage property investments, disposition, advisory, letting and management.
Valion which focuses on HNIs pland plans to focus on the middle and higher income group
through myfollo. Studies indicate that over 82% of all investments in Real Estate are in this
segment.
Post launch, myfollo is targeting Rs 42,000 Crores of Assets Under Management (AUM) in the
next 18 Months. Valion, the parent company, has already invested $200,000 for developing
the team and platform for myfollo.
Post registeration on the portal, the website will automatically calculate the total net worth of
the individual and will advise on their investments.
“Indian real estate market is maturing at a rapid pace with many globally renowned realty
companies and consultants opening up their shop here realizing the tremendous growth
opportunities in this part of the world. However, there was a big gap in providing specialized
real estate advisory for mid-segment investors and end-users. With myfollo’s professional
team and real estate advisory pedigree, we plan to bridge the gap for the masses,” Mr. Amit K
Lalit, CEO and Founder, Valion said in a statement.
The platform will be launched for Gurgaon NCR and taken pan India later this year.
Valion brings Top 100 developer relationships to myfollo platform and has existing 1,100 plus
top HNI family relationships across Singapore, Jakarta, Delhi, Mumbai, Hyderabad and
Chennai. It manages over Rs 4,000 crore of assets for these HNIs.
For managing the properties, Valion already has a company, PropCare, which manages 46
properties in Delhi, Bangalore and Mumbai and plans to manage 500 properties by next year.
myfollo
Existing Portfolio of assets
• Developments/ New Project Launches in that specific micro market
• Performance, Rental & Capital Valuations with trends
• Free Valuations, Recommendations on all assets on an interactive dashboard
• Residential property management of existing assets through a technology interface
• Online offers for sale/ lease/ management of assets and handholding in closure
New Purchases/ Investment Consulting
• Micromarket/ neighbourhood analysis
• Pricing, demand supply trends
• Correct Market Pricing : Not Primary and Secondary pricing
• Search based on ones perspective
