Jomee Jomaa Land Investment
We have built Jomee Jomaa, an investment platform that allows users/investors to invest in fractional units of land (land units start at 1000 taka).
The motivation behind building Jomee Jomaa is the following:
Most of us in Bangladesh know that land has historically been the highest returning asset class in the country out performing all others. Yet, only a very small percentage (approximately 3%) of Bangladeshis invest in land due to the following barriers of entry:
1. High capital requirement: Generally a large sum of money is required to buy a sizeable plot of land in a sought after high growth area.
2. Cumbersome and complicated paperwork involved in buying and selling land: Unless you are an expert and have a lot of experience dealing with land, most people are intimidated by the amount of paperwork that is involved in proper due diligence (verifying all paperwork, including the authenticity of the documents is extremely important when buying/selling land).
With these barriers to entry in place we see that only the socio-economic elites in Bangladesh are able to invest in land, taking advantage of the high returns that land generates, whereas the middle class or working class is not granted the same opportunity for returns. Ultimately, this broadens the socio-economic gap that is very prevalent in our society (the rich keep getting richer and the middle class and poor keep getting poorer).
Jomee Jomaa eliminates the above mentioned barriers to entry by introducing true fractional investing (essentially a large number of people are buying a piece of land together), making it truly affordable for most people to invest (units are listed at only 1000 taka/unit).
The platform also integrates technology in a way that makes it as east to invest in land as it is to order a ride on Pathao or order your food on foodpanda. Jomee Jomaa takes care of all the paperwork and verification involved in the buying and selling of land (we have a team of expert real estate agents who conduct extensive due diligence on the land plot that we choose to acquire).
Our sincere goal with Jomee Jomaa is to make it very easy and affordable for everyone to invest in land, ultimately playing a role in bridging the socio economic gap in our society.
Through this event (Zoom call) we will introduce you to Jomee Jomaa, show you how Jomee Jomaa works and how it can be valuable for you, and last but not the least answer any questions that you may have.