Why is there a need for a Special Purpose Vehicle (SPV)?
Currently, RERA (Real Estate Regulatory Agency) cannot accommodate more than five to ten people on a property’s title deed.
In order to accommodate multiple investors, SmartCrowd has established an investment vehicle that can accommodate as many shareholders as necessary to invest in a property. The vehicle then makes the investment in a property on behalf of the shareholders. The property’s title deed is registered in the name of the investment vehicle, but the shares that are purchased, are held under the investor’s name.