JAKARTA, BALIPOST.com – Realtegic Group an aggressive and ambitious startup in property sector, has officially secured remarkable funding and strategic partnership utilizing sharia-based capital injection. Groundbreaking a new era in affordable housing sector in Indonesia.
The funding is provided by Kenda Resources International, a company that focuses on mining, energy, and real estate sectors, through a 40% acquisition of stake in Realtegic Group. Kenda is a subsidiary of Bazara Group, one of the leading business families in the Middle East and East Asia.
The anticipated deal was signed on Monday, December 1st, 2020 by Ahmed Bazara as President Director of Kenda Resource International and Gito Wahyudi as CEO of Realtegic Group. Through mutual goals and values, the funding and partnership are solely based on Sharia Principles, in accordance with the values that both companies uphold, fairness, transparency, partnership, and universality.
Realtegic Group has been actively taking part in the Indonesian property industry since 2019 and focusing on providing affordable housing for low-income people. Currently, Realtegic Group is fast in progress to build 3,600 houses across West Java, in Tenjo and Parung Panjang, and in Central Java, located in Boyolali.
Houses provided by Realtegic Group are marketed competitively at around 160 million rupiahs. By carrying the brand “The Leaf”, Realtegic provides scenic, comfortable, and safe housing for its residents, a quality of living far beyond its nominal value.
Through this strategic partnership, Realtegic Group is ready to meet the demand backlog for millions of houses across Indonesia. Realtegic Group CEO, Gito Wahyudi, said “It’s time for us to make a real commitment for low-income people by building affordable housing. That’s how we leave no one behind.”
Housings, one of the crucial necessities for Indonesians, have become more difficult to own due to rising property prices. Realtegic and Kenda are committed to revolutionizing the Indonesian property industry through technology by streamlining home construction and home buying experience and democratizing housing for all Indonesians. (kmb/balipost)
