Indiassetz crosses Rs 500 cr AUM in Hyd, eyeing international foray
Hyderabad: Bengaluru-based real estate advisory and portfolio management firm Indiassetz on Thursday said it has crossed Rs 500 crore AUM (assets under management) mark in the Hyderabad market and is eyeing a 30% growth in AUM YoY.
Indiassetz, which currently has a presence in Bengaluru, Hyderabad and Chennai, will also be making its international foray next month with an office in Dubai. “We are planning to enter Mumbai, Pune and Delhi NCR too by 2019 end and have five offices outside India, including Dubai, Singapore, US and London,” said Shivam Sinha, CEO, Indiassetz.
Indiassetz which has been set up by ex-bankers and currently has a customer base of 3,000 and a total AUM of Rs 2,500 crore, and is eyeing 30% growth in terms of AUM and customer base, Sinha said.
Talking about the Telangana region, especially Hyderabad, Sinha said: “Hyderabad has tremendous growth potential and is one of India’s most important investment destinations. It has well established HNI & NRI property market and people have invested in the city for the potential it promises. With new government policies coming in, real estate investments are expected to grow rapidly within the city, resulting in better prospects for our business.”