Photo - OrtakMülk
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OrtakMülk

Big estates with Small savings

Turkey
Market: Real estate
Stage of the project: Prototype or product is ready

Date of last change: 30.07.2024
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Idea

OrtakMülk project is about the shared property model. It involves investors with small savings coming together with other investors to buy properties (land, house, car, shopping mall, workplace, office, hotel, taxi, minibus license plate, etc.) that they cannot buy on their own.

Current Status

The working principles and setup of our project have been completed. The software phase has begun. UI/UX designs of the website and mobile applications have been completed. It will be put into service directly after the software is completed.

Market

Everyone knows that there are millions of people around the world with small savings. When it is not possible to buy a house or land with these savings, with this model, investors with small savings can acquire and invest in property in shares. The target customer base of our system can be anyone, but it mostly targets investors who want to invest with their small savings.

Problem or Opportunity

The aim is to bring together investors who cannot acquire property on their own for investment purposes, with other investors in the same situation, to acquire property. This system will play an important role in the country's economy and employment as it will revitalize the real estate sector.

Solution (product or service)

Hotels, shopping malls, large enterprises, lands, residences, commercial enterprises (cafes, restaurants) can be sold quickly by dividing them into shares, and the investor can have the opportunity to make a profitable investment depending on the situation of the enterprise.

Competitors

In fact, joint property ownership is legally possible in many countries around the world. But so far, no one has digitalized this and established a system. Being the pioneer of this seemingly unrivaled system will give us an advantage and it will be possible to capture additional opportunities with this new ecosystem.

Advantages or differentiators

* This system has not been tested in the world yet.
* Opportunity for investors with small savings to acquire property
* Buying property is the traditional investment method in many societies. Therefore, investors who cannot purchase property with their small savings are targeted.
* Since there will be a new ecosystem, it is possible that additional side branches will arise parallel to this system.
* Acquiring property in partnership means dividing the risk for the investor.

Finance

OrtakMulk does not receive commission from the seller. However, when the seller enters the advertisement of the property he wants to sell, %5 commission add to the amount of property entered by the seller. We also receive a 2% commission from buyers. So from one sell we get %7 comission.

Business model

OrtakMülk is a real estate sales platform. The only difference is that the property that the seller wants to be sold is divided into shares to facilitate purchasing. Therefore, OrtakMulk can be considered as a real estate marketplace system.

Money will be spent on

This project must be designed according to the laws of the country where it will be implemented. Therefore, serious legal expenses arise. In addition, for the system and software to work properly, the software should be constantly developed and technical personnel should be subjected to continuous training. In addition, advertising expenses also constitute a serious cost. If we can receive funds, we will use this resource for the payments listed above.

Offer for investor

Since OrtakMülk is a real estate agent company, it will earn money through commissions from real estate sales. Since property prices are high, profits can reach astronomical levels when sales are in demand across the country. Therefore, there is a serious monetary return for investors.

Team or Management

Risks

As with every investment, there are some risks in our project. Acquiring joint property is a model that generally frightens investors. As OrtakMülk, we will also provide consultancy services to solve any problems that may arise between shareholders. We will encourage shareholders who act against the system to sell their shares. And we will ensure that other shareholders continue their investments safely.

Won the competition and other awards

Since the project is new, it has not participated in any competitions.

Photos

Photo 1 - Big estates with Small savings

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation