HavenDaxa welcomes investments from a wide range of entities, including Indian citizens, Hindu Undivided Families (HUFs), companies, and non-resident Indians (NRIs). We strive to make our investment opportunities accessible to as many people as possible, regardless of their background or location.
HavenDaxa is delighted to offer real estate fractional investment opportunities to non-resident Indians (NRIs) who can invest in Indian real estate using their NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts or a regular bank account in India. It's important to note that the returns and sale proceeds will be credited only to the NRO account. We welcome NRIs to take advantage of our investment opportunities and be a part of our mission to revolutionize commercial real estate investment.
Ensuring the safety and privacy of your data is of utmost importance to HavenDaxa. Our platform has been designed with top-notch security and privacy features in mind, providing you with a secure and trustworthy real estate experience.
We host all your data on secure cloud networks and encrypt all sensitive client information using 256-bit SHA encryption. This guarantees that your data is protected from unauthorized access and data breaches, giving you peace of mind knowing that your information is safe with us.
The minimum investment amount is currently set at Rs. 25 lakhs. Please note that this amount is subject to change.
HAVENDAXA values 100% transparency, which is why all property documents, rental agreements, tenancy details, title reports, due diligence reports, and more will be accessible to investors through the Investor dashboard.
No, HAVENDAXA does not offer any guarantees on returns. While rental yields for most investment opportunities are known in advance, there is always a risk that the expected yield and gains may not be realized. We caution investors to be wary of schemes that promise guaranteed returns.
REITs are publicly traded instruments where investors purchase and sell units to receive dividends and make capital gains. With HAVENDAXA, investors become shareholders in a Private Limited Company that owns the property, which is then managed by HAVENDAXA on behalf of the SPV. Yield rates with HAVENDAXA are fixed, while in a REIT, they may vary based on your entry price. Asset valuations with HAVENDAXA are more stable and depend on ground reality, whereas REITs may be subject to stock market volatility. HAVENDAXA makes monthly payouts with a complete distribution of distributable cash flows, while REITs' payout cycles and distribution requirements can vary. Finally, while up to 10% of a REIT's investment can be in non-revenue-generating assets, all HAVENDAXA assets are revenue-generating. Additionally, REITs cannot sell assets they have owned for less than three years, while HAVENDAXA assets can be sold at any time with shareholder approval after the initial lock-in period.
Yes, your investments are entirely secure, regardless of HAVENDAXA's situation. This is because your investment takes the form of equity shares and compulsorily convertible debentures in a Private Limited Company incorporated solely for the purpose of acquiring and owning the asset. By holding equity shares in the SPV, you own the asset, and the SPV is required to comply with statutory requirements such as holding general meetings and filing returns. This structure grants investors sole decision-making power, which means that even if HAVENDAXA ceases functioning, your ownership and control of the asset remain secure.
To begin investing, you will need to have a HAVENDAXA account that is KYC verified. The necessary documents you will need to provide are a copy of your PAN Card, address proof such as Aadhar, Driver's Licence, or Passport, and a bank statement or cancelled cheque leaf with your name printed on it. NRI investors will need to provide an NRE or NRO account number, while non-individual entities will need to submit additional documents. Once your account is verified, a Virtual Account will be created for you, allowing you to invest in any open opportunities listed on the platform. Simply click on the 'Invest Now' button and confirm your investment details. You will receive all necessary property and SPV-related documents for your review, and if you decide to proceed, you will need to e-sign a binding Expression of Interest (EOI) and transfer the initial 10% token advance to your virtual account. Once the opportunity is fully funded with 100% commitment from interested investors, you will need to transfer the remaining investment amount to your virtual account. Your investment amount will be routed through an escrow mechanism to the share subscription accounts and ultimately to the current account of the SPV. You will be allocated equity shares and compulsorily convertible debentures (CCDs) in the Private Limited Company, and the SPV will then proceed to purchase the asset.
In the unlikely event that a property on our platform does not complete its funding target, any funds committed by investors will be reimbursed to their verified bank accounts.
No, there is no need to visit the property in person. All required documentation will be signed digitally through a reputed digital signature provider.
REITs are publicly traded instruments where investors purchase and sell units to receive dividends and make capital gains. With HAVENDAXA, investors become shareholders in a Private Limited Company that owns the property, which is then managed by HAVENDAXA on behalf of the SPV. Yield rates with HAVENDAXA are fixed, while in a REIT, they may vary based on your entry price. Asset valuations with HAVENDAXA are more stable and depend on ground reality, whereas REITs may be subject to stock market volatility. HAVENDAXA makes monthly payouts with a complete distribution of distributable cash flows, while REITs' payout cycles and distribution requirements can vary. Finally, while up to 10% of a REIT's investment can be in non-revenue-generating assets, all HAVENDAXA assets are revenue-generating. Additionally, REITs cannot sell assets they have owned for less than three years, while HAVENDAXA assets can be sold at any time with shareholder approval after the initial lock-in period.
Once you have paid an initial investment or token advance, a termination fee will apply for any withdrawals, as per the terms mentioned in the Expression of Interest.
Yes, there is an initial 1-year lock-in period from the time the property is registered. After that, you are free to sell your holdings. However, if your investment horizon is less than 5 years, we recommend that you do not invest with HAVENDAXA or in real estate in general.
In addition to an initial acquisition fee that varies depending on the opportunity, we charge a 1% annual management fee, which is deducted from the monthly payout. During exit, a performance fee of 20% on the gains above a hurdle rate of 10% IRR will be charged. For example, if a property is sold after 5 years with gains calculated at 10% IRR on a property value of Rs. 25,00,000, and the investor realizes gains of Rs. 14,00,000, we would charge a 20% fee on Rs. 72,500 (Rs. 14,00,000 - Rs. 13,27,500), which comes to Rs. 14,500.
No, investors will not be charged any management fee as long as the property is not tenanted.
Your investment process is considered complete once the opportunity is fully funded and the private placement of your investment is done in the SPV. We strive to ensure that the property receives complete funding within 60 days.
You will receive returns on your investment in the form of interest on debentures, paid monthly. The interest/coupon rate of the debentures you hold is a function of the rents generated and interest earned on the security deposit. The returns are transferred to your bank account on or before the 10th working day of every month, subject to the receipt of rents from the tenant.
HAVENDAXA will take care of all aspects related to the tenant and the asset.
You can track the performance of your investment through our online dashboard. Note that the Net Asset Value (NAV) of the property will be updated on a half-yearly basis.
After the initial 1 year lock-in period, you have three options to exit your investment. You can sell your holding through the Asset Sale, Private Sale, or Resale Market.
In the Asset Sale, if a lucrative opportunity for selling the asset is available, HAVENDAXA will evaluate and present it to the investors through an online poll. If at least 75% of shareholders vote to sell, the asset will be liquidated and gains (post any taxes and fees) will be distributed among shareholders.
In the Private Sale, you can sell your fraction/holding to anyone you know, and HAVENDAXA will provide you with the valuation of your holding to assist you in setting a price.
In the Resale Market, you can list your fraction/holding on HAVENDAXA's online dashboard at the recommended NAV. Once a new investor acquires your fraction, you will be credited your gains (post any taxes and fees) on your registered bank account.
Indian residents will be subject to taxes on rental payouts and capital appreciation. Rental payouts are distributed as interest on debentures and are taxable under "Income from Other Sources" at the applicable tax rate. Capital appreciation is subject to capital gains tax, which varies based on the holding period of shares and debentures. Short-term capital gains tax applies if the shares and debentures are sold before 24 and 36 months, respectively. Long-term capital gains tax applies if the shares and debentures are held for more than 24 and 36 months, respectively, and is taxed at 20%. Indexation benefits may be available for long-term capital gains.
NRIs are required to pay tax on any income earned or sourced in India, and tax rates depend on the applicable slab rates. Rental income is distributed as interest on debentures and is taxed at the applicable rate or the rate under the tax treaty, whichever is more beneficial. Capital appreciation is subject to capital gains tax, and short-term capital gains tax applies if the shares and debentures are sold before 24 and 36 months, respectively. Long-term capital gains tax applies if the shares and debentures are held for more than 24 and 36 months, respectively, and is taxed at 10%. NRIs can explore benefits under the Double Taxation Avoidance Agreement, subject to the availability of a Tax Residency Certificate.
Yes. The SPV deducts a 10% TDS before remitting returns to resident Indians and 20.8% for NRI investors. Resident Indians can submit Form 15G/15H, and NRIs can submit TRC for reduced TDS. NRIs can explore benefits under the Double Taxation Avoidance Agreement, subject to the availability of a Tax Residency Certificate.
Transfer of foreign currency by NRIs is regulated by extant RBI and FEMA guidelines.
HAVENDAXA creates an SPV for each asset listed on our platform. Your investment will be towards the subscription of shares and compulsorily convertible debentures of the SPV that holds the property. HAVENDAXA will provide asset management services to the SPV and undertake all operational aspects, making your investment process fast, transparent, and convenient.
An SPV is a legal entity created for a specific lawful purpose. Any investment opportunity listed on our platform will be owned by an SPV, which is a private limited company set up for this specific purpose.
HAVENDAXA undertakes all legal due diligence processes for the property before it is purchased by the SPV. However, you are welcome to seek advice from your advisors to understand if the opportunity listed is suited for you. HAVENDAXA will be happy to answer any questions that they may have.
To begin with, you will be required to sign an Expression of Interest to confirm your commitment and remit 10% of your investment amount. Following this, we will send you a Drawdown Notice once the opportunity has 100% commitment from all interested investors. After which, you may remit the remaining funds towards your investment. The entire process is digital, transparent, and convenient.
HAVENDAXA has an experienced team that performs thorough technical and legal due diligence before listing any property on our platform. We engage reputed Tier-I law firms to conduct due diligence on the property title, ensuring that your investment is secure.
Absolutely! All asset-related documents, including the Lease/Rental/Tenancy Agreement/ Deed or Leave & Licence Agreement, are uploaded on the investor’s respective dashboard, ensuring transparency and clarity for our investors.
At HAVENDAXA, we pride ourselves on providing a seamless and secure investment experience for our investors. Join us today and start your journey towards financial freedom!