Frequently asked questions
Our goal is to provide online entry/exits to tax-paid investors who actually holds money only in the form of online/white.
The land will belong to every investors whether he owns 1 Sq.Yard or 100 Sq.yards. But there won’t be any clearly defined boundaries. Note : An MoU will be signed covering investment and sq.yards allocated.
OXYBRICKS actively markets the property and find buyers, charges 2% for the service. If one of the investors introduces buyers, he/she will get 1% as reference fee.
We will explore all options - based on the investors voting, we can take decision.
Different builders work on different ratios - we should get min 3-quotes and choose the best.
Profits will be shared in proportion to Sq.Yards owned.
MoU will be given to all investors, not registrations.
It is easy for small investors to exit, Lead investor or platform may show new investors. If lead investor wants to exit, he/she has to find new buyer, till than it is hold.
Investors can decide on time periods. OXYBRICKS as a platform will publish Standard timelines for property-property.
Once builder enters, unit will change from Sq.yards to Sq.ft. in 2420 Sq.Yards, we are expecting 17,000 Sq.ft construction. Hence Sq.ft will be divided in proportion to Sq.ft. After giving builder share we get X SQ.ft. The same will be shared in proportion. Example 1 Sq.yard =50,000 For Every Sq.yard 9 Sq.ft can be constructed. Sell the Sq.ft at 10,000 - you get 90,000.
Investors need to confirm participation and transfer minimum funds, respective investors will get the sq yds/ sq feet as per the auction value. Investors who enters after winning the auction, we will increase the price by 10% .
OXYBRICKS is entitled to book the 10% premium.
Upon winning the Bid, we manage property, we collect rent, we run marketing and sales campaigns, we propose continuous exits with 6/9/12/18/24 months minimum lock based on the property.
We charge 2% for exit services
Fractional ownership is new to market, we don’t expect adequate investors for every property, hence platform will raise funds in equity/preference/debentures and OXYBRICKS will co-invest along with fractional investors to meet the auction target fund for every auction.
We are getting ready to raise 8000 crores in 1000-days
We want to raise 2500 crores through equity, 2500 crores through preference shares and 3000 crores through debentures