Chitranjan Baghi (Investor) (27 Points)
02 September 2016I want to sell virtual pieces of a actual real estate, as a private company is it possible.
I don't want to create llp or some other entitiy and then distribute it's share among people.
I want people to come my site and buy virtual piece of that real estate.
Is it possible to sell virtual piece of real estate as a product.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183344 Points)
Replied 02 September 2016
Can you elaborate more of its working. How the purchaser invest with or without any deed?
Chitranjan Baghi
(Investor)
(27 Points)
Replied 02 September 2016
Purchase will be electronically confirmed and will be connected to his online account, which he will make on our site.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183344 Points)
Replied 02 September 2016
What all permissions you require for selling such product?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183344 Points)
Replied 02 September 2016
In these regulatory arena, difficult to launch any innovative product, but congrates for your entrepreneurship. For a recent regulation in this direction, you may refer : REIts.
https://economictimes.indiatimes.com/markets/stocks/policy/sebi-relaxes-rules-for-reits-offshore-fund-managers/articleshow/52798985.cms
CAclubindia
