Bangalore based Proptech company YourOwnROOM has entered into strategic
Partnerships with Developers and PropCos to secure large high quality residential
inventory in strategic micro-markets in Bangalore. In the last 2 months,
YourOwnROOM has signed partnerships worth $6 million with 2 developers securing
1,000 residential units. Prabhat Kumar Tiwary, Stanford GSB alum and Founder, MD
& CEO of YourOwnROOM, believes that this is the new strategic growth lever for
YourOwnROOM.

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.

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.

In Dec-2023, Rushmore Estates, Co-Founded by Alok Kumar Singh (IIML, IITBHU) 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.

The project will come up in the IT belt in and around the city, and the idea is to build
high quality personal dwelling which is self-sufficient in all forms – be it easy access to
workplace or reasonable rentals. The first project is 30 minutes from Wipro Corporate
Office in Sarjapur and close to RGA Tech Park, Prestige City and Bellandur Junction.
The Project, valued around Rs. 200 Cr., is spread across 5 acres in Sarjapur. This
comprises 630 units wherein 2 blocks are for studio apartments and 2 blocks, for 1
BHK apartments and 3 Blocks, for 2BHK apartments. These apartments will be ready
for possession starting April 2025 in a phased manner. Rushmore sees this as an
opportunity to cater to an audience of individual investors and homeowners, by offering
a compelling financialized residential real estate product in the range Rs. 20-35 lakh.

YourOwnROOM will be the Proptech Residential Rental and Property Management
partner for the above-mentioned 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 enhancing homeowner satisfaction and earning their
confidence, which in turn will translate into higher reference business.

“Developers have a great opportunity to differentiate their product by offering
Residential Real Estate as a Financial Product with due consideration to Capital
Appreciation and Rental Yields. To do this, it is of paramount importance that they
partner with a Proptech Rental and Property Management company during the
project concept stage.” Says Sanjay Singh, COO & CTO of YourOwnROOM.

Real Estate has emerged as one of the core strategic sectors in India’s economy
and will continue to be a critical sector moving forward. Real Estate will be a $650 Bn
market by 2025, growing at 19.5% CAGR contributing to 13% of our GDP and
generating 75 million Jobs and almost 1/6th of this is going to be residential real
estate. As per an RBI report a few years ago, 77% of household wealth in India is
invested in real estate. It is the largest asset class without any doubt and therefore
consumers are always looking forward to investing in good real estate projects.
“In Bangalore’s 1.5 million strong IT Industry, around 45-50% professionals are in the
age category of 21 to 27 years with less than 5 years of work experience and there’s
a large demand for high quality, purpose-built mid-term stay studio apartments for
them.” – Alok Kumar Singh, Co-founder Rushmore Estates.

“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 with YourOwnROOM being the professional rental and
property management service provider to fulfil that gap & make it easier. We look
forward to a long-lasting relationship with YourOwnROOM.” – R. V. Shiva Reddy,
Managing Director of Agser Buildtech Pvt Ltd.

The real estate market of Bengaluru is growing exponentially, backed by steady
demand and launch of promising projects and infrastructure development like BIAL,
Metro expansions, flyovers and SEZ/TechParks. However there continues to be a
huge gap between demand for safe, secure and convenient homes near offices and
its supply in Bangalore, especially for folks in the early stages of their career.
“We are super excited to partner with various Developers to identify and create high
quality supply and offer our prop-tech rental and property management solution to the
Retail HomeOwners at the Point of Sale. Tighter Partnership with Developers and
Propcos is one of our core GTM strategies and this will set the momentum for our
Profitable Growth in 2024-25 and beyond.” adds Prabhat Kumar Tiwary.

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. Our 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’s biggest
differentiator is their prop-tech platform. It integrates our golden execution
capabilities and helps us to deliver better management for our Asset Owners and a
better living experience to Consumers. It provides us with the foundation to profitably
scale our business across multiple residential asset formats and cities.
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.

Bangalore based Proptech company YourOwnROOM has entered into strategic
Partnerships with Developers and PropCos to secure large high quality residential
inventory in strategic micro-markets in Bangalore. In the last 2 months,
YourOwnROOM has signed partnerships worth $6 million with 2 developers securing
1,000 residential units. Prabhat Kumar Tiwary, Stanford GSB alum and Founder, MD
& CEO of YourOwnROOM, believes that this is the new strategic growth lever for
YourOwnROOM.

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.

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.

In Dec-2023, Rushmore Estates, Co-Founded by Alok Kumar Singh (IIML, IITBHU) 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.

The project will come up in the IT belt in and around the city, and the idea is to build
high quality personal dwelling which is self-sufficient in all forms – be it easy access to
workplace or reasonable rentals. The first project is 30 minutes from Wipro Corporate
Office in Sarjapur and close to RGA Tech Park, Prestige City and Bellandur Junction.
The Project, valued around Rs. 200 Cr., is spread across 5 acres in Sarjapur. This
comprises 630 units wherein 2 blocks are for studio apartments and 2 blocks, for 1
BHK apartments and 3 Blocks, for 2BHK apartments. These apartments will be ready
for possession starting April 2025 in a phased manner. Rushmore sees this as an
opportunity to cater to an audience of individual investors and homeowners, by offering
a compelling financialized residential real estate product in the range Rs. 20-35 lakh.

YourOwnROOM will be the Proptech Residential Rental and Property Management
partner for the above-mentioned 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 enhancing homeowner satisfaction and earning their
confidence, which in turn will translate into higher reference business.

“Developers have a great opportunity to differentiate their product by offering
Residential Real Estate as a Financial Product with due consideration to Capital
Appreciation and Rental Yields. To do this, it is of paramount importance that they
partner with a Proptech Rental and Property Management company during the
project concept stage.” Says Sanjay Singh, COO & CTO of YourOwnROOM.

Real Estate has emerged as one of the core strategic sectors in India’s economy
and will continue to be a critical sector moving forward. Real Estate will be a $650 Bn
market by 2025, growing at 19.5% CAGR contributing to 13% of our GDP and
generating 75 million Jobs and almost 1/6th of this is going to be residential real
estate. As per an RBI report a few years ago, 77% of household wealth in India is
invested in real estate. It is the largest asset class without any doubt and therefore
consumers are always looking forward to investing in good real estate projects.
“In Bangalore’s 1.5 million strong IT Industry, around 45-50% professionals are in the
age category of 21 to 27 years with less than 5 years of work experience and there’s
a large demand for high quality, purpose-built mid-term stay studio apartments for
them.” – Alok Kumar Singh, Co-founder Rushmore Estates.

“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 with YourOwnROOM being the professional rental and
property management service provider to fulfil that gap & make it easier. We look
forward to a long-lasting relationship with YourOwnROOM.” – R. V. Shiva Reddy,
Managing Director of Agser Buildtech Pvt Ltd.

The real estate market of Bengaluru is growing exponentially, backed by steady
demand and launch of promising projects and infrastructure development like BIAL,
Metro expansions, flyovers and SEZ/TechParks. However there continues to be a
huge gap between demand for safe, secure and convenient homes near offices and
its supply in Bangalore, especially for folks in the early stages of their career.
“We are super excited to partner with various Developers to identify and create high
quality supply and offer our prop-tech rental and property management solution to the
Retail HomeOwners at the Point of Sale. Tighter Partnership with Developers and
Propcos is one of our core GTM strategies and this will set the momentum for our
Profitable Growth in 2024-25 and beyond.” adds Prabhat Kumar Tiwary.

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. Our 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’s biggest
differentiator is their prop-tech platform. It integrates our golden execution
capabilities and helps us to deliver better management for our Asset Owners and a
better living experience to Consumers. It provides us with the foundation to profitably
scale our business across multiple residential asset formats and cities.
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.