LRP Fractional Ownership Investment FAQ

To invest through LRP FrancOwn, follow these steps:

  1. Registration and KYC:
    • Register on the LRP FrancOwn Platform.
    • Complete KYC formalities.
    • Verify and link your personal bank account on the LRP FrancOwn Platform. Multiple bank accounts can be linked as long as they belong to you, not to friends or family.
  2. 3-in-1 Account Setup:
    • Obtain a Unique User ID & Trading Account.
    • Create a Virtual Bank Wallet.
    • Create a Virtual SQFT Wallet.
  3. Funding Your Wallet:
    • Pre-fund your Virtual Bank Wallet with the desired investment amount.
  4. Investment Opportunities:
    • Review Property Investment opportunities listed on the platform.
    • Follow a simple, online, paper-light process to invest. For more details, see the Terms of Use.

LRP FrancOwn offers Property Investment opportunities in three stages:

  • Stage 1: Private Opportunity (PO)
  • Stage 2: First SQFT Opportunity (FSO)
  • Stage 3: LRPTrade

Private Opportunity is the earliest stage to invest. The total number of investors is capped at 200 per opportunity, on a first-come, first-served basis. There’s a minimum investment amount required.

Investment Breakdown:

  1. 20%: Subscribes to the partnership interest of the SPV (Special Purpose Vehicle), making you a part-owner of the SPV.
  2. 80%: Subscribes to the loan raised by the SPV. This loan is converted into smaller units called LRPONE.SQFT, credited to your Virtual SQFT Wallet.

LRPONE.SQFT can be transferred/sold digitally to other users on the LRP FrancOwn Platform only. For more details, refer to the Terms of Use.

During the Private Opportunity stage, you can place an Expression of Interest (EOI) to invest.

  1. Submit EOI:
    • Pay 10% Earnest Money upfront.
  2. Further Investment:
    • If there’s sufficient interest, pay the remaining 90%.
    • If there’s insufficient interest, your 10% Earnest Money is refunded.
    • If you fail to pay the remaining amount on time after sufficient interest is shown, your 10% Earnest Money is forfeited.

You have a 7-day free-look period after placing your EOI to cancel without forfeiture. For more details, see the Terms of Use.

First SQFT Opportunity (FSO) is for those who missed the Private Opportunity or have budget constraints.

Process:

  1. Watch for announcements on the LRP FrancOwn Platform.
  2. Review investment details.
  3. Pre-fund your wallet.
  4. FSO Details:
    • Start & End Date.
    • Price Band.
    • Allotment Date.
    • Refund Date.
    • Listing Date for trading LRPONE.SQFT.

The minimum investment is 1 LRPONE.SQFT (~₹10,000). For more details, refer to the Terms of Use.

If you miss the Private Opportunity and FSO, you can still invest through LRPTrade by trading LRPONE.SQFT with other users.

For existing holders:

  • List your LRPONE.SQFT for sale.
  • Buy more from other users.

For details on trading LRPONE.SQFT, see the Terms of Use.

Documents and Legalities

Documents Required:

  • Pre-investment: Accept Terms of Use, execute EOI.
  • Private Opportunity: LLP deed, loan agreement for LRPONE.SQFT, investment-related documents.
  • FSO and LRPTrade: Purchase agreement for LRPONE.SQFT transfer, other investment-related documents.

For more details, refer to the Terms of Use.

No, returns are not guaranteed. They are subject to market risk and property performance. Consult legal, tax, and investment advisors before investing.

For more details on risks, see the Terms of Use.

No, LRPONE.SQFT can only be traded on the LRP FrancOwn Platform. For more details, refer to the Terms of Use.

Cancellation is possible online through your dashboard, subject to LRP FrancOwn’s policies based on the investment stage. For more details, refer to the Terms of Use.

Partnership rights are transferable offline. Contact LRP FrancOwn for assistance or follow the LLP deed’s terms.

For more details, see the Terms of Use.

The SPV owns and registers properties, with original documents held by a third-party custodian. LRPONE.SQFT is recorded digitally on LRP FrancOwn.

For more details, refer to the Terms of Use.

No, LRPONE.SQFT cannot be transferred to foreigners or external crypto wallets. For more details, see the Terms of Use.

  • 1.0% transaction fee for trading LRPONE.SQFT.
  • 1.0% fee for partnership right transfers, waived for the first transfer for early investors. Additional fees include asset management, third-party operator, and master property management fees borne by the SPV.

For detailed fee structure, refer to the Terms of Use.

  • No lock-in for LRPONE.SQFT.
  • 27-month exit restriction for partnership rights post the first property purchase.

For more details, see the Terms of Use.

Income and profit shares are transferred to your Virtual Bank Wallet and can be withdrawn to your primary bank account.

For more details, refer to the Terms of Use.

Track investments, income, and updates on the LRP FrancOwn Platform dashboard. For more details, refer to the Terms of Use.

If the Private Opportunity/FSO is still open, you can place additional EOIs or invest more by purchasing LRPONE.SQFT from other users.

For more details, see the Terms of Use.