Priyapko, a real estate company from Dubai, sold and sold a villa. According to media reports, the price of this villa was 1.75 million dirhams and it was sold in less than 5 minutes. Real Estate Tokanization is a revolutionary concept, the ownership of the property is divided into small digital parts (tokens). Each token represents a part of the value of the property, which can be easily purchased or sold at the digital marketplace.
What is real estate tokanization?
Real Estate Tokanization is a process in which a real estate (land, house, villa, or commercial building) is converted into a digital token. These token are based on blockchain technology and represent a part of the ownership of the property. This means that an expensive property can be divided into small parts (tokens), so that common investors can also invest in it, without purchasing the entire property. Each token depicts a fraction of the value of the property and can be purchased and sold at the digital marketplace.
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What is the use of Tokanization?
Liquidity: Tokanization increases liquidity in real estate investment, that is, you can sell your investment easily and quickly.
Low investment cost: Small investors can also buy stake in expensive properties.
Transparency: Transactions are transparent and safe due to blockchain technology.
Global Access: Investors from all over the world can invest in property through tokens.
Demand arose in India too
Let me tell you that a few months ago, Infosys co-founder Nandan Nilekani shared an idea and said that there are millions of land owners of the country who cannot sell their land or cannot mortgage. In such a situation, if the land is talked out, then its capital value can be increased. According to him, 50 percent of Indians are in the form of land. Which is also not used, but if it is converted into tokens, then its capacity can be increased. By making tokens, the ground papers will become digital, then it can be sold like a share or bond. However, his idea was also opposed.
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You can become a shareholder sitting at home
Experts say it will be easy to take small property through Tokanization. Real sector is very expensive in India, people are able to buy land with great difficulty and if need to sell it, it becomes even more difficult. Especially if you do not live at that place, but the biggest advantage from Tokanization is that if you live in Delhi and land is being sold around the airport in Bengaluru, which is expected to increase in future. If you have to invest in today’s date, then you have to invest at least 70-80 lakhs, which is difficult for every human being, but if you want to take a small piece of land then it can be easy. With this you will not even need to go there and you will become a shareholder of that property sitting at home.
Real Estate Tokanization property is a major step towards making investment democratic. This technology not only makes investment accessible and flexible, but also makes the real estate market more transparent and global.
Also read: Buying a house for middle class people is a big challenge, affordable houses disappear in luxury houses
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