A great opportunity for the buyers as one of the five-star hotel groups, Leela Group descendant Amruda Nair’s hotel management company, Aiana Hotels & Resorts will provide the fractional ownership to the buyers at their hotel properties in India. And those, who want to enter this sector, they can own a portion of their upcoming luxury resort in Munnar, Kerala.

Amruda Nair, Joint Managing Director and Chief Executive Officer (CEO) of Aiana Hotels & Resorts stated,

“It’s a real estate opportunity for buyers to invest in the project that will be operated under our brand. People can earn revenue from it when they are not using it”.

At present, the resort is under construction, which is being supervised by the Moonriver Resorts and it’s expected that the door of the resort will be opened in the next year. The fractional ownership is very benefit for especially those, who can afford to buy the property directly, but do not have much time to use or maintain it all year around.

The investment of the suite depends on the size and it also varies from suite to suite. Around 100 people can purchase fractions of the property ranging from 310 sqft to 640 sqft at the cost of INR 40 to 82 Lakhs. Day by day, the concept of fractional ownership is increasingly popular with busy professionals, who are looking to maximize their vacation time.

Aiana Hotels & Resorts is the joint venture between Nair and Sheikh Faisal Bin Qassim Al Thani, who is the chairman of Al Sawari Holding and Al Faisal Holding. In India, Aiana Hotels is targeting on setting up its more projects in southern markets first.