The journey of Claravest started with an idea of investments. The company is an IT based real estate investment platform that aims to bring fractional property investment products to retail investors in India. Claravest, started by Mananki Parulekar and Karan Shetty, both experienced professionals from Silicon Valley, is an online investment platform that lets you buy small fractional stakes in quality-checked residential properties in India’s major cities, beginning at Rs. 1 lakh.
This disruptive model brings into the retail investor space an instrument that until now was belonging to a group of elite investments based on such barriers as high capital, time used in researching the assets, and property management costs.
The Founding Team
Claravest was founded in 2023 by Mananki Parulekar and Karan Shetty, both of whom were at the Santa Clara University when they met. Parulekar worked for a while in the field of IT consulting and auditing, while Shetty has professional background in healthcare and real estate technologies. They are similarly motivated towards bringing change by opening up access to real estate investment, a sector that has in the past been dominated by the wealthy.
While Parulekar comes from a real estate owning family and Shetty was eager to invest in real estate, they saw opportunities that lock out retail investors from real estate. He and his co-founders had been professionals at some of the world’s most prestigious companies, but they could have spent their careers at KPMG, SAP, or Robinhood to make real estate investment accessible to more people. The desire to make this vision a reality took the founding team back to India, and the startup Claravest was established.
Claravest: A New Way to Invest in Real Estate
As a company, Claravest targets consumers through the business-to-consumer strategy but also has a business-to-business strategy. For B2C markets, it provides selected income-generation investment properties to invest in for rental income and property value appreciation.
For business to business real estate developers, Claravest collaborates with them to place the property before those interested in buying a fraction of the property on the platform. This approach benefits Claravest to acquire the best deal because they now have two ways of accessing the real estate assets, in this case, fractional ownership allows retail investors to access the asset class in the easiest and most convenient means.
Challenges facing to initiating an innovative firm
- Quitting steady jobs to pursue entrepreneurial ambition: Both Mananki and Karan quit their corporate jobs; their passion was to democratize real estate investment for smaller investors.
- Navigating complex regulations: They hired professional lawyers to help them fulfill all the requirements of the real estate investment rules and regulations in India.
- Validating the business model: He and his team spent months researching and analyzing the market before they released an MVP to experiment with fractional ownership.
- Exceeding expectations: Originally, Claravest acquired the first property for investment and, within a week, found that there was indeed market demand to fully fund it.
- Managing rapid growth: As the 3rd property located in Xiamen has already been started to fund, the founders are planning to open more city branches in the near future.
- Trailblazing the future: This paper analyses Claravest’s journey to become a fintech innovation that democratized the market for real estate investment.
What Sets Claravest Apart?
Claravest takes real estate investment and strips it down to something that is incredibly easy to understand and do. We welcome all of you to invest in the residential property market, with our entry ticket prices starting from as low as 1 lakh rupees.
We are here to save the time of the reader and put all the focus on the specific things that are relevant.
Our stringent attention goes to obtaining superior quality Residential Real Estate Spaces in key markets of India. Our real estate advisors manage the research phase of the relevant properties up to the control of occupancy levels, which means you just watch your money increase.
Absolute Ownership, Joint Ownership
Every property that we purchase is owned through an SPV which makes ownership to be on a percentage bases. Regardless of the size of the ticket, you could get to own a part of the property and earn rental income and long term capital gains.
We’re In This Together
We succeed when you do. Our income comprises our reasonable management and performance fees – guaranteeing that your profits are always exceptional.
Be a part of a Great Network of Wise Investors
A Claravest account provides you entry to a fast growing faction of investors who know the great potential of the Indian real estate market. Let’s discover it together.
Giving Everyone a Seat at the Real Estate Table
But today it’s different, specifically Claravest is on a mission—to democratise investing in property. Unfortunately, good investment opportunities in properties have for many years been mostly available to wealthy firms and individuals only. Claravest wants to alter that equation completely.
Unlocking Access
What Claravest has managed to do through the use of technology and smart design is to design an online real estate investment firm that enables retailers to invest in pre-approved property deals. It is an innovative and paperless business and is transparent, effective, and easily professional, and these values are embodied in the Claravest vision and mission.
Built on Trust
Trust of investors is the core of Claravest’s business model. Due diligence is carried out for every possible deal before it is listed on the platform. Contract of property, execution plans, and investment certificates are easily disclosed to the investors making everyone fully transparent. This little management fees combined with transactional transparency convinces the investors to invest in Claravest.
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The Future of Investing
Even at the present moment, Claravest can be viewed as obscure, the company is still in its infancy, but it possesses a considerable amount of clientele. Thus, seeing success in funding three properties, we can establish a fact of product-market fit over the company. Clearly, with the ambition of entering more cities in India and with a well-articulated structure of operations all set to bolster, Claravest is set to revolutionize the Indian population’s access to this so called exotic asset class.
