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Allure Infra appoints Assets & More as Property Fund Manager

Thursday, 14 Oct 2021
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Assets & More has been appointed as the property fund manager by Allure Infra. As per the deal, the firm has agreed to raise funds and provide complete management services to all three of Allure Infra’s projects in Bengaluru, Karnataka. 
 
Assets & More will also undertake fractional property sales, maintenance and rental management. In addition, it will provide similar services to other projects to be developed by Allure Infra. 
 
The company had earlier signed similar agreements with Hyderabad-based Vasavi Group and Shanta Sriram Constructions to manage 1.5 lakh sq ft Sky City twin towers project in Gachibowli. 
 
Besides, the company is also raising investments for the Space City residential real estate project near the National Investment & Manufacturing Zone (NIMZ) in Zaheerabad. 
 
Assets & More’s parent company PaisaXpaisa, which has been managing property loan portfolios of about Rs 250 crore for the last three years, is gearing up to launch its services in the US market from November 2021.
 
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