How to structure a Fractional Ownership Real Estate startup

Situation : Hi, Need proper legal advice on how to structure my Real Estate Platform that offers Fractional Ownership in commercial Properties. My model is slightly different from current startups. Current Model : Platform will identify commercial properties generating good rental income, negotiate the price, do legal check & lock the deal. Platform then pools a group of users. An SPV is incorporated & the property is registered on its name & every investor gets a proportionate share in the SPV. The maintenance of this Property is then transferred to the Platform. Platform doesnt own any share in SPV but charges a fee on sale price. MY Model : I dont want fee in cash, but want to retain share in the property (High value Transaction). If my fee is 2%, i will sell the property for 2% higher price. So selling 98% share would pool 100% funds. How to structure the transaction so that my company is not classified as CIS (collective investment scheme) or AIF (Alternate Invstment Fund) Thanks
Related Topics : Corporate Law
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Advocate Justice Kishan Dutt Kalaskar

No.74, 1st Floor, 6th Cross, Malleswaram, Bengaluru, Bangalore 
For More Details Contact On +91 7769012300.
A:

Dear Sir,

You may consult in person with local legal expert to get accurate legal advise after seeing all the relevant documents.

 

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