WELCOME TO A HOME  THAT’S YOURS™

YOURS™, a Bengaluru-based company, is bringing to  India the concept of co-ownership of luxury residences.  It’s a concept popular overseas where several individuals  buy a home together through a management company  such as YOURS™. Based on their investment, each  investor has a share in that home and pays proportionally  for its upkeep. Making it for many, a more practical and  affordable way of owning a luxurious home in a beautiful  destination. Or, owning multiple homes in multiple  destinations. Also, unlike say in a timeshare scheme, an  investor in a co-owned property can trade that piece  of real estate like any other, making it a lucrative value  proposition. 

YOURS™ will curate and manage for the owners  aesthetically designed villas at scenic locations starting  with Goa, Alibaug and in the Nilgiris. Each home– with  up to four bedrooms, living and dining spaces, gardens  and a pool – will be furnished with all the standard  mods cons and be staffed to cater to the daily needs  of owners. YOURS™ is projected to launch five-seven  villas in the first 12 months of its operation and 50  more in the following 24 months. The sale of all shares  in its first villa, YOURS™ Fonteira, a three-bedroom,  3.5-bathroom property in Assagao, North Goa, at a price  of INR1.25crore per share (of 8 shares), was achieved  pre-launch.

HOW DOES YOURS™ WORK?

Each villa, ranging between 3 and 4 bedrooms can be owned by up to 8 owners; the cost of the villa is divided by that figure so as to create equal investment amounts and ergo equal ownership between owners. An individual investor, though, can buy up to four shares in a villa. The ownership of the villa is established through a Special Purpose Vehicle, which is set up through appropriate legal means. An owner who owns 1/8th a villa can live in the villa for 1/8th of the year i.e., 45 days. Reservations can be made up to two years in advance via an app, which allows for transparency and equitable booking. The app will also feature a concierge service through which owners can book not just services such as airport transfers and tables at restaurant but more practical needs as such ordering groceries prior to their arrival. Each home will also have dedicated storage for valuables that an owner might seek to keep there permanently. While YOURS™ will handle the daily operations of the home (think housekeeping, gardening, pool maintenance) and repairs when needed, the costs and fees will be shared between owners in a manner proportional to their shareholding.  

ABOUT YOURS™

The Bengaluru-based company is co-founded with initial investments by Shravan Gupta and Sudeep Chandran. The other co-founders are Naresh Nagaraj and Shalini Gupta. Mr K P Balaraj has also invested in YOURS™ through his family office. Crest Law Partners and JCSS Consulting are the legal and financial consultants to YOURS™. The diligence on each property is done by leading lawyers and advocates who are experts in their region: Somnath Karpe in Goa and Sreekumar in the Nilgiris.

THE FOUNDERS:
Shravan Gupta, co-founder and CEO, has over 20 years of experience in the Indian travel industry. He began and ran Travel Tours Group, which was acquired by Flight Centre Australia in 2017. He’s currently also invested in The Little Gyms of India and Pathfnder.io.

Sudeep Chandran, co-founder and COO, has substantial experience in both structuring real estate transactions for MNCs and in their construction and project management, through two of his prior entrepreneurial ventures: Terrafirma Developers & Promoters Construction Associates.

Naresh Nagaraj, co-founder and CFO, was till recently the Senior Vice President of Finance and Administration at Travel Tours Group. In a career spanning more than a decade he’s gained formidable expertise in mergers and acquisitions, banking, auditing, taxation, and legal functions.

Shalini Gupta, co-founder and Head of Design, has over 20 years of experience in project management, communication, and brand development. At YOURS™, Gupta will be tasked with working alongside architects and interior designers to create the homes you will want to own a piece of.

ABOUT YOURS™ Fonteira

The first of its kind, YOURS™ Fonteira is a threebedroom, 3.5-bathroom villa set within a gated community, in the verdant village of Assagao in North Goa, which in recent times has drawn a sophisticated set to invest in multi-million-dollar villas. The trend has been aided by an ecosystem that includes celebrated restaurants, such as Jamun and Sublime, and luxury retail experiences such Rasa, Gulabo and Maison du Voyage. Modernist in its architecture, Fonteria is furnished in a
sophisticate palate that cues R&R, which is furthered by the abundance of greenery that surrounds the property. Plus: today’s tech needs, such as high-speed Internet, are provided for. The villa comes staffed with housekeeping and concierge services, on-site parking and cooks on call, all of which makes the second home experience a delightful one.

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