Risk Disclosure

Co-owning property is not a fixed deposit or a savings product. Its value can fall as well as rise, rental income can stop, and you could get back less than you invested, or nothing. Your investment is not insured or guaranteed by Veneraa, any bank or any government scheme.

Commercial property values move with demand from occupiers and investors, new supply, interest rates and the wider economy. Markets go through long cycles, and a fall in value can last for years or be permanent.

Returns depend largely on tenants paying rent. A tenant may pay late, default, negotiate a lower rent, or leave at the end of a lock-in or lease term. Finding a replacement tenant can take months, during which the property earns nothing but still incurs maintenance, property tax and other costs. Rent escalations in a lease are not guaranteed to be honoured.

There is no stock exchange for SPV shares. The resale board can introduce you to buyers, but a buyer may not exist when you want to sell, or may only pay less than you hoped. Plan to stay invested for the full holding period shown on the listing, and do not invest money you may need at short notice.

Each listing states a target holding period. The actual exit, when the property is sold and proceeds are distributed, may take considerably longer if market conditions are poor. Some investments carry a lock-in during which you cannot sell at all.

Each SPV usually owns a single property, often with a single tenant, and current listings are in Hyderabad while we expand to other metro cities. Problems with that one building, tenant or micro-market affect your whole investment in it. Spreading your money across several properties can reduce, but not remove, this risk.

You will usually hold a minority stake in the SPV. Decisions on leasing, maintenance, refinancing and sale are taken by the SPV's board and its asset manager, within the limits of the shareholders' agreement. You may disagree with decisions and be unable to change them.

Property valuations are professional estimates, not prices achieved in a sale. Two valuers can reach different figures, and the price a buyer actually pays may be lower than the latest valuation shown on your dashboard.

Your investment depends on the SPV being run properly: keeping accounts, filing returns, paying taxes and complying with company law. The SPV bears its own running costs, which reduce distributions. If the SPV breaches a law or contract, its shareholders may bear the loss.

We carry out title searches, site inspections and lease reviews before listing a property, but no diligence process can rule out every defect. Undisclosed claims, encumbrances, planning or approval issues, or disputes with neighbours, tenants or authorities could cost money to resolve or reduce the property's value.

Fractional ownership of real estate is an evolving area in India. Changes to SEBI rules, including the framework for small and medium REITs, or to company, tax, stamp duty, FEMA or RERA law, could require an SPV to restructure, raise its costs, restrict transfers or reduce returns.

Rental distributions, dividends and gains on sale are taxable, and tax rules can change. The after-tax return you receive depends on your own circumstances. We do not give tax advice; please consult a tax adviser.

Target yields, IRRs and multiples are estimates built on assumptions about rent, occupancy, costs and exit prices that may not come true. Figures labelled illustrative or sample are examples only. Past performance of any property, market or Veneraa offering does not predict future results.

Market data, rents and forecasts shown on the Platform may come from owners, brokers, research firms or public sources that we have not independently verified. They may be incomplete or out of date.

Administration of your investment relies on Veneraa, the asset manager, property managers, banks, escrow agents and technology providers. Errors, system failures, fraud or the insolvency of any of them could delay payments or cause loss.

Veneraa may earn fees for sourcing, managing, leasing or selling a property, and may act for buyers, sellers, landlords or tenants in its transaction business. These interests may not always align with yours. We disclose material fees and conflicts in the listing or transaction documents.

Interest rates, inflation, credit availability, currency movements, employment and government policy all affect property values and tenant demand, and are outside our control.

Floods, earthquakes, fire, pandemics, civil unrest, war or terrorism could damage a property, disrupt tenants or depress the wider market. Insurance may not cover every loss.

Advisers Veneraa appoints act for Veneraa or the SPV, not for you. Before investing, consider your financial position and risk appetite, and take your own legal, tax and financial advice.