Project details
Xaria Technologies and Thots2it technology are jointly developing a real estate oriented fintech project which will act as a connecting platform for real estate related asset buyers and sellers.
As well as the platform will act as an alternate investment for investors on PAN India basis.
This startup fintech project is expected to be a notable Unicorn Project (USD 1 Billion Valuation) in real estate sector within a period of two to three years.
Xaria Technologies and Thots2it technology acquired the service contract for development and maintenance of the project.
Key terms
• Total Security deposit from Pvt Ltd will be equal to 10% of the total asset value.
• Ownership of the assets remains with LLP (SPV formed for this purpose), in case of termination of lease by lessee GHL India will take the possession of the Assets.
• LLP will take physical possession of the assets in case of termination of the sale agreement
• Complete compensation in case of loss of the materials will be the responsibility of the company
About Xaria
Xaria Technologies is engaged in e-commerce website development, application development, ERP for financial companies, inventory management, Customer relationship management(CRM) and School Management Software(SMS).
Xaria’s clients include Lakshmi Vilas Bank, Lion dates, SMSO Permanent Nidhi Ltd, New Prince Shri Bhavani College of Engineering and Technology, Judie Constructions Pvt Ltd, Aathava Group, ABC Hospital, Suyamvaram Matrimony, Livpet, Montfort school and JR polytechnic College.
About Thots2it
Thots2it is a new age fintech development company engaged in e-commerce website design, mobile app development and Business application development.