Your ownership of the property is structured as a shareholding in a Limited Liability Partnership (LLP). The LLP serves as a dedicated entity specifically created to own and manage the property. For instance, if there are 8 individuals acquiring shares in the property, each buyer will hold a 12.5% share (calculated as 100/8) in the LLP.
Within the LLP, two designated partners (DP) from LEISURE, without any ownership stake, are appointed. Their primary responsibility is to oversee the seamless legal operation of the entity. This unique structure ensures transparency, legal compliance, and efficient management, providing you with a clear and secure form of property ownership.

Yes, the LLP is registered with the Registrar of Companies( ROC) India. Their details, like any other registered entity, shall be available on the Ministry of Corporate Affairs( MCA) website.

No, the Designated Partners (DP) play a crucial role in ensuring the legal compliance of the LLP entity. Importantly, they do not have the authority to initiate the sale or transfer of any shareholder’s stake without explicit consent. Your shareholding and the property itself are safeguarded by the requirement for shareholder consent, providing you with assurance and control over any potential transactions involving your investment.

No, you do not need permission or a No Objection Certificate (NOC) from other shareholders or LEISURE (DP) to sell your share.

No, the property is registered under the name of the LLP, and if a shareholder faces bankruptcy, it pertains solely to their share in the LLP. In such a scenario, the bank may only claim the share of the bankrupt shareholder, but they do not have the authority to create a charge on the entire property. The structure of the LLP safeguards the property from being seized due to the financial challenges of an individual shareholder

Yes, the property is insured with an ‘All Peril’ Insurance policy, covering risks such as fire, stormwater and flood damage, earthquake, and more. The premium for this insurance is covered by the LLP that owns the property. This comprehensive coverage ensures protection against a range of unforeseen events, providing additional security for your investment.

Please be aware that NRIs cannot hold shares in an LLP; this provision is applicable only to Private Limited Companies. Therefore, for NRI investments, we would establish a Private Limited Company instead of an LLP to facilitate their shareholding in the property.

No, Only Indian citizens or people of Indian Origin (PIO) can buy a share.

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The property is rented out in strict accordance with applicable laws. During the rental process, KYC is meticulously conducted, and guests are required to sign a declaration affirming their commitment to comply with the law and refrain from engaging in any illegal activities on the premises. In the event of an unforeseen situation involving illegal activity, LEISURE will actively cooperate with legal authorities. We anticipate minimal complications for the property owners, as every effort is made to ensure lawful and secure tenancy.

Leisure’s future vision is to emerge as the next unicorn in the Fractional Holiday homes industry by addressing the complexities associated with owning holiday homes. Our commitment is to make ownership accessible and affordable, simplifying the experience for our stakeholders. We aspire to expand our presence in all key holiday home destinations, both in India and internationally, as we continue to redefine and enhance the landscape of the vacation property ownership market

Both fractional investments in commercial properties and holiday homes are distinct products, each offering unique advantages. Holiday homes not only provide consistent or superior rental income over time but also boast substantial capital appreciation, particularly when situated in sought-after locations. Additionally, with holiday homes, you enjoy the privilege of staying in your property, fostering a true sense of ownership and value. The ease of liquidation, especially without the involvement of an operator, further enhances the appeal of fractional investment in holiday homes.

No, we do not accept cash payments for fractional ownership. To ensure complete transparency, all transactions within the LLP are captured and accounted for through official channels.

LEISURE collaborates with reputable builders known for their track record of timely project delivery. We maintain active oversight, regularly monitoring progress and proactively addressing any observed delays. It is a prerequisite for our partnered builders to have RERA registration, providing an additional layer of protection for our investors. In the event of construction delays, investors’ rights are safeguarded by our insistence on a construction-linked payment plan rather than a one-time advance payment for under-construction properties. This approach ensures that payments are linked to construction milestones, providing financial security and aligning the interests of both the investor and the construction timeline.

If the asset is regulated and sold under a SEBI-regulated model, the property can be listed on the regulator-provided platform. LEISURE, with a current base of 3000+ buyers and growing, actively assists existing shareholders in selling their property. We receive regular inquiries about existing properties and make every effort to facilitate the sale. Our approach involves tapping into multiple pools of potential buyers, including other shareholders, individuals on the property waitlist, and leveraging our own selling platform for marketing purposes. Our commitment is to provide comprehensive support to our shareholders throughout the selling process. Investment.

At LEISURE, we prioritize transparency in property pricing. We break down the property price components and present a clear outline of the total out-of-pocket expenses. This comprehensive breakdown encompasses all applicable charges, such as registration fees, parking fees,

other builder charges, utility deposits, society charges, interior costs, and sinking fund expenses. It’s common for builders to provide a bare shell price with additional charges that may not be widely known, such as parking and society charges. When comparing the sum of all charges applied by a traditional builder to Leisure’s pricing, you’ll discover our prices to be highly competitive. Moreover, our ability to negotiate at scale with builders allows us to secure favourable terms, providing our investors with added value.

Acquisition and project coordination cost encompasses all the expenses incurred during the acquisition of a project and the subsequent coordination for its delivery. This typically includes due diligence costs, background verification expenses, project progress monitoring and quality assurance costs, builder coordination expenses, as well as marketing and brokerages costs.

The primary objective of our properties is to optimize rental yield over the long term. LEISURE maintains properties to stringent standards to ensure a consistent guest experience, maximizing rental income while minimizing maintenance requirements.

Returns from debt instruments are determined by the coupon rate. In contrast, LEISURE offers holiday homes that typically provide both rental yield and capital appreciation. When comparing these two asset classes, potential investors should carefully consider both the capital appreciation prospects and rental yields offered by LEISURE properties.

You will get, Detailed Excel sheet with you fittings, fixtures and furniture placed in your property.

LEISURE ensures efficient rental management through its specialized arm, Stay LEISURE Stay LEISURE leverages expertise in utilizing various rental platforms to optimize property occupancy. With a focus on property management and delivering unforgettable hospitality experiences, Stay LEISURE works to achieve high customer satisfaction, contributing to the overall success of property rentals

Sure. We will offer an owner referred discount.

No, owners cannot directly book a stay for a third party. Owners have the option to book their own stays using the provided mobile application exclusively designed for owners.

LEISURE conducts a comprehensive evaluation of property prospects before bringing it onto its platform, ensuring a satisfactory assessment. While we anticipate properties to be in demand and profitable for owners, in the unlikely event that a property does not yield the expected returns, LEISURE will collaboratively work with the owners, supporting them in implementing the best course of action for their investment.

No, we receive bookings for various types of rooms, and the received bookings are strategically allocated to properties to maximize overall occupancy.

Yes, the audited report for a property is made available to all shareholders. Additionally, shareholder meetings are organized regularly, as per applicable laws.

Payouts are typically processed yearly, following the preparation of the profit and loss statements for the LLP.