YourOwnROOM Signs Strategic Partnership With Agser BuildTech for Bangalore Residential Projects

YourOwnROOM Signs Strategic Partnership With Agser BuildTech for Bangalore Residential Projects
YourOwnROOM Partners with Agser BuildTech for Bangalore Residential Projects

February 22, 2024: Prop-tech Company YourOwnROOM signs a $2 Million Partnership with Agser BuildTech Pvt Ltd for their Residential Projects in Bangalore.

The $2 million partnership was signed between Agser BuildTech Pvt Ltd and
YourOwnROOM that will have YourOwnROOM as the designated Residential
Rental and Property Management partner, responsible for offering end to end
PropTech based rental and property management services.

Agser BuildTech Pvt Ltd and YourOwnROOM have signed a partnership where YourOwnROOM will be the designated Residential Rental and Property Management partner offering end-to-end PropTech-based rental and property management services. 

Abhi Homes in Devanahalli, Bangalore, located 10 km from Bangalore
International Airport and 6 kms from Devanahalli business park phase, is the first
project to be undertaken by the partnership. Abhi Homes is 10 km from Bangalore
International Airport and 6 kms from Devanahalli business park phase. It comprises 248 units of 2 bedroom G + 4, sizes 810 to 865 sqft flats. Work is underway to hand over these units in May 2024.

In addition, this partnership will also include Agser Homes – Malur, Bangalore
which is located 2.5 KM from Malur Railway Station, 1.5 KMs from Manasa Bharani Hospital, 1.4 KMs from Govt Hospital and 3.5 KMs from Orchid International School - is another project that the partnership will undertake. This comprises 331, 1-bedroom units of size 695 to 755 sqft & 2 bedroom units measuring 908 to 980 sqft. 56 units in one block are getting ready for handover in May 2024.

Agser Buildtech Pvt Ltd is committed to providing budget value homes to the customer through its two unique projects Abhi homes at Devanahalli Bangalore and Agser Homes at Malur. Bangalore Our partnership with YourOwnROOM will bring in a plethora of opportunities for the clientele who are looking for our apartments purely from investment perspective as YourOwnROOM as a professional rental service provider will be able to fulfill that gap & make it easier. We look forward for a long- lasting relationship with YourOwnROOM.” - R. V. Shiva Reddy, Managing Director

YourOwnROOM will be the Proptech Residential Rental and Property Management partner for these Projects and will offer professional multiyear rental & property management services resulting into continuous cash flow, superior rental yields and capital appreciation for the homeowners. On the other hand , this partnership will help in increasing homeowner satisfaction and winning their confidence, which in turn will translate into higher reference business. The total Rental value of this deal across 5 years is estimated to be Rs. 17 Crores or $2 M for YourOwnROOM.

The real estate market of Bengaluru is growing exponentially, backed by steady demand and launch of good projects and infrastructure development like BIAL, Metro expansions, flyovers and SEZ/TechParks, However we continue to see a huge gap between Demand for safe, secure and convenient homes near offices and supply in Bangalore especially for folks in their early career. We are super excited to partner with Agser BuildTech Pvt Ltd and offer our prop-tech rental and property management solutions to the Retail HomeOwners at the Point of Sale. I would also like to thank Mr. Prashanth Srinivas CEO @ Tesseract Management Consulting (TMC) for facilitating this deal. Tighter Partnership with Developers and Propcos is one of our core GTM strategies and will set the momentum for our Growth in 2024- 25 and beyond,” adds Prabhat Kumar Tiwary, Founder, MD & CEO, YourOwnROOM.

In Dec-2023, Rushmore Estates, Co-Founded by Alok Kumar Singh (IIML, IIT-
BHU) and YourOwnROOM, Co-Founded by Prabhat Kumar Tiwary (Stanford
GSB, BIT Mesra) had signed a $4 million partnership to build studio pads for single professionals in Bangalore and offer Proptech Rental and Property Management Services.

About YourOwnROOM
YourOwnROOM is a prop-tech residential real estate rental & property management company with a vision to deliver higher economic returns to both individual & institutional property owners over the property lifecycle. Its Asset Under Management is 1 million square feet valued at over Rs. 400 crores ($50 M) spread across 400 properties in Bangalore and Pune.

YourOwnROOM has raised $1.3 Million till its seed round and is currently raising
Pre-Series-A capital. The Investment will be deployed towards sales and marketing, working capital, and upgrading technology platform.

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