BRIK itt Startup BRIK itt Proptech Private Limited Smart Way to own Holiday Homes

real-estate-and-construction

Branch/Offices Locations

Goa, Mukteshwar

Incorporated at

India , 2021

Corporate Office

Lucknow

investor, founder
Platform
WFC
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Product Video

Product Description

All our listed properties are from the top developers from India such as Tata Housing , Purvankara etc. and it comes fully furnished like 3 to 4 star boutique hotel or resort along with end to end property management services such as Daily Housekeeping, 24/7 concierge etc. One of the USP of our model is exchange program , as it's a community driven model, a BRIK Owner can exchange their nights with other location BRIK Owner and use all the BRIK Community property at ease. Our Vision is to make co-owning Holiday Homes an achievable objective for everyone in a cost friendly, easy, transparent & rewarding.


Startup Description

BRIK Itt a prop-tech platform unlocking fractional ownership in Holiday & Vacation Homes. Each property is divided into 11 equal fractions & each fraction is termed a BRIK. BRIK is a blend of ownership, consumption, flexibility & financial ease that will widen the existing real estate market and has the potential to open up new vistas in web 3/Defi. Each BRIK Owner can use their properties for 30 days every year and if they are not able to use all their days in a particular year they are entitled to get rental returns on their unused days via short-term rentals. To ensure complete transparency and holiday bookings we have developed a robust BRIK owner app through which one can connect to all his co-owners and track all the activity of the property on a real-time basis. They can also book and exchange their holidays through that web app only.


Product Screenshots


Business Model

We have multiple revenue streams to ensure smooth operations and sustainable growth with profitability. Convience fee -3-5 % of the BRIK Value , Annual maintenance Charges - 1.5-2% of the BRIK Value, Hurdle fee at the time of exit 10% of the of profit, Builder Commissions - 2-5%.


Customers based in

India

Business Modal Type

Marketplace

Type of Sales

B2C

Competitors

We are the market leaders in this space, however Alyf & Yours can be our closest compititors.

Teams

Mayur Raj Kapoor

Co-Founder & CEO

Aakash Dhillon

Co-founder & CBO

Swati Raj Kapoor

Co-Founder & COO at BRIK itt

Amit Tyagi

Financial Advisor

Shardul Singh

Tech Support

Harish Madnani

Strategic business development & Partnerships

Shreyas Sanghvi

Tech Support

Tell us a bit about how founding team knows each other.

All 3 co-founders knows each other from last 20+ years since their school days and swati & Mayur are happily married since last 11years. They all are travel enthusiasts and share a passion to build something which solves a common problem in the travel & holiday home industry.

Why did you decide to start this company?

Our passion for travel , lack of affordable luxury accommodation in the market and expertise of Hospitality and Real Estate lead us to this venture.

Are all the founders full-time on this project?

Yes

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Investment Allocated For a Year Across Companies*
Upto $25,000$25,000 - $50,000$50,000 - $100,000$500,000+

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