Apartments of ‘Inaara by ALYF’ is to be owned by the SVP which is a Private Limited Company (“Udiyaman Homes Private Limited”). Each co-owners of project will be issued Equity share and Compulsory Convertible Debentures (CCDs) of SPV against their capital infusion. Equity shares and CCDs are to be issued in Demat Form. As a shareholder you will have access to the constitutional documents of SPV.
Any Indian citizen, Hindu Undivided Family (HUF), Trust, Limited Liability Partnership, Companies and NRIs can invest in ‘Inaara by ALYF’ Opportunity. NRI investors can invest through an NRO or NRE Account or from a normal bank account in India. Your returns and sale proceeds, however, will be credited to your NRO account.

These 39 apartments are available under Fractional Ownership Model. In case you wish to acquire any other specific unit, our sales team can provide available options to acquire full ownership of property. You may get in touch with our sales team for details.

ALYF has a dedicated experienced team of experts (constituted under ‘STAY Alyf’ brand) who manages the short-term rental business. STAY Alyf team leverages its entire eco-system consisting of its own booking platform, reservation team, OTAs and channel partners to ensures maximum lead generation and optimum utilization of the rental asset.

Short Term Rental Generated from ‘Inaara by ALYF’ to be shared between the SPV and ALYF in the ratio of 80:20 respectively. Out of SPVs share balance left after meeting all the operational expenses to be distribute by SPV to each coowner in proportion of their contribution.
The rental return is to be distributed by SPV in the form of interest on debentures and is paid monthly.

ALYF is committed to ensure transparency regarding occupancy rates, Average Room Rates (ARR), operational expenses, and net revenue. We achieve this by meticulously maintaining and auditing comprehensive financial statements by an Independent Audit Firm. These statements, inclusive of all relevant details, are systematically presented to shareholders for scrutiny, consideration, and adoption during board meetings and general body meetings.

For Indian residents, as per the current taxation rules, taxation will be as under:

• Rental Payouts: Rents received from the property are distributed as interest on debentures and is subject to 10% TDS. It is taxable in the hands of the investors under “Income from Other Sources” at the applicable tax slab.
• Capital Appreciation on Exit: Capital appreciation on exit is subject to capital gain tax at applicable rates based on the period of holding. Short- term Capital Gain (STCG) will be applicable if the shares and debentures are sold before 24 and 36 months respectively. STCG is taxed at the rate applicable to the investor. Long-term capital Gain (LTCG) will be applicable if the Shares & Debentures are held for more than 24 and 36 months respectively. It will be taxed at 20%.

The 'Inaara Stay Credit' program allots annual credits worth Rs.18,000/- to each shareholder for stays at the Inaara property. These credits, distributed on the property's operational anniversary every year, can be utilized for bookings in the names of relatives or friends. However, unused credits expire at the end of the year and cannot be carried forward. The pricing for stays using credits is based on ongoing market rates for the selected dates.

You are eligible to sell your shares after initial lock in period of one year. After your lock in period is over, in case you wish to transfer your securities consisting of Equity Shares and CCDs, ALYF will facilitate by locating the prospective buyers and endeavor to close the sale.

After the conclusion of initial lock-in period, if shareholders with a supermajority (at least 75% voting power) decides to sell the assets owned by the SPV, ALYF will assist in liquation of such assets. Notably, such a resolution requires, ensuring a robust consensus before the asset's transfer is authorized.

Our structure distinguishes itself from Real Estate Investment Trusts (REITs) as it is designed to accommodate assets with values below the threshold of 500 Crores, exempting it from current regulatory constraints. Notably, there is a pending proposal for the establishment of an MSM REIT, awaiting publication. In anticipation of potential future developments, our fractional ownership framework aligns with the contours of the proposed MSM REIT structure. This strategic alignment ensures that, if necessary, the migration of assets to the MSM REIT structure can be seamlessly facilitated, providing enhanced flexibility and adaptability in response to evolving regulatory landscapes.

Our product gives you option to invest in specific property located at ‘Alibaug’ with high potential of Capital appreciation while enjoying rental returns. Unlike commercial REIT products where you do not get access to enjoy the property, in our case you get to use the property by using ‘Inaara Stay Credits

Fractional ownership in Alyf's pooled asset is distinctive, standing apart from traditional investment vehicles such as fixed deposits and mutual funds. Positioned within a unique asset class, it presents a set of advantages and considerations intrinsic to its nature. With Inaara's fractional ownership model, the targeted Internal Rate of Return (IRR) is set be on higher side considering high potential of capital appreciation, affording investors the chance to engage with the residential asset class at a comparatively low entry cost. This not only facilitates portfolio diversification but also enables investors to seize an entry point that optimally aligns with their financial objectives.