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Below the year-end quotes Mr. Shravan Gupta, founder and CEO of YOURS a platform for fractional ownership of luxury second homes

The year 2023 marked a significant milestone for fractional ownership, particularly within the second or holiday home segment. Several factors contributed to the heightened demand for fractional ownership of luxury second homes, including the growing acceptance of this concept, rising property prices, and the willingness of affluent families to invest in holiday properties.

The recent guidelines issued by SEBI pertaining to fractional ownership and small REITs have further solidified the foundation for growth in this sector in 2024. The market exhibits substantial potential, and the coming years are anticipated to witness exponential growth in the fractional ownership segment. The evolving regulatory landscape and increasing recognition of the advantages associated with fractional ownership are expected to propel this market to new heights, making it a promising avenue for investors as well as end users.

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