Fracspace Limited, a Hyderabad-based prop-tech company, was launched in 2022 by Unnath Reddy. The company aims to provide real estate investment opportunities for middle-class families, focusing on affordability and reliability.

Leaving a high-paying job to follow a dream is a bold decision. Unnath Reddy, a 35-year-old corporate employee turned entrepreneur, did just that. While working as a sales head in a real estate company and earning 1 lakh per month, he began experimenting with his innovative idea.

"I saw people giving up on real estate investments because of high prices and location problems. The dream of owning property was becoming impossible for many middle-class families," Unnath says during an exclusive conversation with Startup Pedia.

Hence, he came up with the idea of co-ownership, where a group of people could pool their resources to invest in a property. This concept offers an affordable and reliable way for middle-class families to participate in real estate investment.

In 2022, Unnath Reddy launched Fracspace, a Hyderabad-based prop-tech startup.

Fracspace's innovative co-ownership model allows multiple investors to buy and co-own properties, sharing the costs and benefits. This approach not only makes property ownership more affordable but also diversifies the investment risk.

Fracspace offers properties in various locations. These include holiday homes in popular destinations like Goa and Munnar, as well as international properties in Bali, Dubai, and the USA.

The Hyderabad-based prop-tech startup, Fracspace, avoids holding properties for more than five years to prevent depreciation and maintain the profitability of investments.

Additionally, Fracspace implements a one-year lock-in period for investors, allowing them to exit at any time after the first year of investment.

"We provide end-to-end property management services, handling everything from maintenance to generating rental income returns, ensuring no additional expenses for co-owners. Investors can enjoy the property for seven days a year because that's their property," Unnath explained to Startup Pedia.

What started with just one investor and property has now burgeoned into over 200 customers worldwide, managing around 23 properties.

Moreover, Fracspace also owns one holiday home property, which was built in just 90 days. The company has plans for more such company-owned properties in the pipeline.

Within six months of starting the business, Unnath, who initially worked alone from home, moved into an office.

Today, the company has grown into 46 team members.