MYRE Capital, a startup that enables fractional investing in real estate projects, has raised Rs 50 crore through its offering of an integrated township in Pune, after receiving 100 percent commitment from investors.
The asset is expected to offer an average rental yield of 8.8 percent to investors, higher than returns offered by fixed deposits, and debt and corporate bonds currently, the startup said.
A unit of Morphogenesis, MYRE said it aims to acquire more assets in Mumbai, Pune, Bengaluru and Delhi-NCR.
