ALT DRX Expands into Kerala with Innovative Holiday Home Investment Portfolio
Kerala, 16th December 2024: ALT DRX, a pioneering investment platform, today announced the launch of its groundbreaking holiday home portfolio in Kerala, marking a significant expansion into one of India's premier tourist destinations. This strategic move capitalizes on Kerala's robust tourism growth and aligns with the company's vision to democratize real estate investments through innovative technology and fractional ownership.
The company's inaugural portfolio, which will be a portfolio of high-quality holiday homes across Kerala's major tourist locations, offering investors unparalleled opportunities in the state's burgeoning tourism sector. The first purchase in the portfolio has been a resort with 14 premium cottages, is nestled in the picturesque hill station of Munnar, located in the highly sought-after Idukki district.
This launch represents the first step in ALT DRX's ambitious plan to create a diverse The launch of this portfolio comes at an opportune time, as Kerala's tourism sector is experiencing a remarkable resurgence. The state government anticipates welcoming 2.2 crore domestic and 8 lakh international tourists in the 2024-25 financial year, surpassing pre-pandemic levels. This surge in tourism is expected to drive demand for high-quality holiday accommodations, positioning ALT DRX's portfolio for substantial growth.
Commenting on the development, Avinash Rao, Founder of Alt DRX, said, “Kerala's impressive tourism growth, coupled with the government's renewed focus on infrastructure development, presents an extraordinary opportunity in the holiday home market. We keenly look forward to offer investors the chance to be part of this exciting growth story while simultaneously contributing to the local economy and supporting sustainable tourism practices.”
The Kerala portfolio launch is underpinned by compelling market dynamics and growth projections. Investors can anticipate projected rental yields of 7-10%, surpassing current averages seen in established markets like Goa. Furthermore, based on historical trends, ALT DRX expects annual property value growth of 6-8%, further enhancing the investment appeal.
ALT DRX's expansion is guided by a rigorous selection process that prioritizes properties with significant growth potential, environmental sustainability, and thorough background checks. This meticulous approach ensures that each addition to the portfolio meets the company's exacting standards for quality and investment potential.
Looking ahead, ALT DRX has outlined plans to rapidly expand its Kerala portfolio, with aims to establish a presence in other prime locations by early next year. This expansion strategy is designed to offer investors a diverse range of options across Kerala's most attractive tourist destinations.
About ALT DRX
Alt DRX is India's first Digital Real Estate Marketplace that helps users to invest in real estate properties through their application. Through this platform it empowers investors to browse available real estate investment opportunities and benefit from potential periodic income, long-term capital gains, and easy buying and selling process.
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