Terms of Use
These terms of use ("Terms") mandate the terms on which the users ("You" or "Your" or "Yourself" or "User") access and register on the website www.AltDRX.com and its mobile application operated by Alt DRX Private Limited ("Company"), collectively referred to as ("Platform"). The Company through the Platform enables individual and institutional investors to invest in and earn long terms gains, periodic short-term revenue and certain community benefits from curated real estate assets ("Property" or "Properties").
These Terms are an electronic record in terms of the Information Technology Act, 2000 and rules made thereunder (as applicable) that are generated by a computer system and do not require any physical, electronic, or digital signatures.
Please read these Terms of Use ("Terms") and the Privacy Policy carefully before using or registering on the Platform or accessing any material, information, etc., through the Platform. By clicking on the 'I Accept' button provided at the signup page, You accept these Terms and the Privacy Policy and agree to be legally bound by the same and You shall not claim invalidity of these Terms merely on the grounds that it is being concluded electronically.
For the aforesaid purposes, Your affirmative action in clicking on 'check box' and on the 'I Accept' button while registering or transacting as a User (including availing any Services (as defined below) offered on the Platform) implies Your acceptance of the Terms. Your use of the Platform implies that You agree with the Terms. You hereby further agree that the Terms are being concluded and executed electronically.
If You do not agree or are not willing to be bound by the Terms and / or any rules and policies as displayed on the Platform, please do not click on the 'I Accept' button and do not seek to obtain access to Services (as defined below) provided on the Platform or otherwise use the Platform in any manner.
The Company retains an unconditional right to modify or amend the terms and conditions of the Terms and the Privacy Policy without notifying the same to You. You can determine when the Terms were last modified by referring to the "Last Updated" legend above. It shall be Your responsibility to check the Terms periodically for changes. Your acceptance of the Terms shall signify Your consent to any changes made to the Terms from time to time and accordingly to be legally bound by the same. Further, by furnishing Your Personal Information (defined in the Privacy Policy) to the Company or giving Your consent to the Company to access Your Personal Information for the purpose of rendering the Services, You also agree that You are interested in availing the Services through the Platform in accordance with the terms and conditions of the Terms.
1.Services offered on the Platform:
You acknowledge that the Platform allows You to avail the following Services including:
1.1.
License to use the Platform: The Company provides You a limited, non-exclusive, non-transferable, royalty free license to use the Platform for the purposes of registering on the Platform, accessing the Company's Content (as defined below) and availing the Services through the Platform.
1.2.
Services offered on the Platform:
a.
The Platform offers You an opportunity to invest in special purpose vehicles incorporated in the form of Limited Liability Partnerships ("SPV LLP"), which shall in-turn purchase properties using the invested amount ("Investment Opportunities") from the partners of the SPV LLP. For this purpose, a team of experts identify suitable properties (referred to as "Property" or "Properties" in relation to the Investment Opportunity) and the same is made available on the Platform for the Investment Opportunity. The Properties that the SPV LLP will acquire are as per the pre-determined parameters ("Portfolio Parameters") that are recorded in the Investment Documents (defined later) executed by You. It is to be noted that each Property managed by the SPV LLPs will be basis the portfolio theme of the SPV LLP agreed in the Portfolio Parameters of the said SPV LLP. The SPV LLP will purchase the Properties in a phased manner within a period ("Acquisition Tenor") as recorded in the Portfolio Parameters.
b.
The Platform provides an insight into the information about the Properties including minimum contribution that can be made by You, expected periodic income to be generated from the Properties etc.
c.
If You are interested to invest in an Investment Opportunity of a SPV LLP on the Platform, You are required to register on the Platform following the registration process and complete the verification as provided in these Terms at Clause 4. Upon successful registration, a 3-in-1 User Account (defined below) is created in Your name and allotted to You. This consists of Your unique "User ID", a "Virtual Bank Wallet" and a "Virtual SQFT Wallet" on the Platform. Once the registration process is complete and Your User Account is set up, You are eligible to invest in any open Investment Opportunity available on the Platform for a particular SPV LLP. You can fund Your Virtual Bank Wallet directly using Your registered and verified personal bank account or UPI and proceed to invest. Contribution to an Investment Opportunity listed on the Platform can be made in two ways: (i) Private Opportunity; or (ii) TradeX.
1.3.
Private Opportunity:
a.
If You decide to proceed with an Investment Opportunity in a particular SPV LLP through a Private Opportunity option, You are required to choose an Investment Opportunity of your choice from those listed on the Platform, determine the amount of money you wish to invest ("Investment Amount"), e-sign a binding Expression of Interest form ("EOI") that is issued to You by the Company and transfer a portion of Your Investment Amount ("Earnest Money") to Your Virtual Bank Wallet. Each Investment Opportunity is available / open for investment only for a pre-determined period, post which the opportunity to invest in the said Investment Opportunity through the Private Opportunity ceases ("Investment Period").
1.4.
TradeX:
a.
During the Acquisition Tenor, the TradeX for a particular Investment Opportunity will be available only at the discretion of the Company and /or the Platform. Thus, during the Acquisition Tenor, the Users can participate in TradeX for a particular Investment Opportunity only when the TradeX for such Investment Opportunity is open and available on the Platform, subject to certain restrictions as captured under Clause 2.3 of the Terms. Post the Acquisition Tenor, the TradeX phase for all Investment Opportunities will always be available on the Platform and the Users holding SQFTs can trade in their SQFTs, subject to certain restrictions as captured under Clause 2.3 of the Terms.
1.6.
Monthly and Daily Saving Plans:
You can also invest through our Monthly and Daily Saving Plans. The Real Estate Monthly Saving Plan (MSP) offered by the platform provides You with the flexibility to invest in real estate through goal-based or city-based approaches, with tenure ranging from 3 to 10 years. The Daily Saving Plan (DSP) provides you with the flexibility to invest in real estate daily, with a specific goal of buying SQFTs on the platform. You must understand that the indicative values, such as the Monthly Saving Amount (MSA) and Daily Saving Amount (DSA) and projected returns, are not guaranteed and may vary based on market conditions. Prices of Property Investment Opportunities (IOs) at the start of the MSP or DSP may differ from those at the time of order execution, and MSP or DSP orders may be partially executed or not executed if there are insufficient funds in the Your Virtual Fund Wallet. Once established, an MSP or DSP's goals, tenure, and amount cannot be modified, though You retain the right to cancel the same, which will invalidate the auto-debit mandate and cease further fund transfers. The Platform does not guarantee any returns or the redemption value at the end of the MSP or DSP tenure, and You may face illiquidity or price risk when selling Your SQFT. As such, the platform provides no assurances that You will fully achieve Your financial goals by the end of the MSP or DSP tenure.
1.7.
Community Programs:
a.
Upon the net Users on the Platform reaching a critical mass and meeting certain criteria as prescribed and communicated to You on the Platform, the social commerce and community benefit programs ("Community Programs") shall commence on the Platform.
b.
Benefits: The Community Programs may include in-person get-togethers and parties, award ceremonies, free gifts such as brand merchandise etc. The Users may also get offers and discounts on certain brands with which the Company has partnered.
c.
The details of the Community Programs will be intimated to all Users through the Platform.
1.8.
Dashboard of contribution, earnings, and performance of the Properties:
The Company tracks Your transactions and details of trading in SQFT. All such information is consolidated by the Company and displayed on the Platform on Your dashboard. Your dashboard on the Platform provides insight on the following aspects:
- Amount of contribution made;
- Partnership interest, if purchased by You and held;
- Number & Name of SQFT held;
- Past Transaction Details; and
- Indicative Market Value of your funds
The aforementioned Services facilitated on the Platform as listed under Section 1 is collectively referred to as the "Services". The Company may, at its discretion, add, modify, or remove any of the Services listed above from time to time.
2. Other Terms and Conditions:
2.1.
Earnings on the Platform:
a.
The SQFT are interest bearing and You as the lender on the records of the SPV LLP are entitled to receive periodic distributions on the SQFT held by You.
b.
In addition to the interest on the SQFT, You can also sell Your SQFT to other Users/partners/lenders (existing or new) on the Platform. You can use Our assistance to arrive at the indicative market value for the SQFT by choosing the Market Price option or You may decide to sell / buy the SQFT at any other value as per Your choice, namely the Limit Price option.
3. Eligibility to Use:
3.1.
The use and access to the Platform is available to all resident Indians and or a qualified institutional investor registered in India as per applicable laws who can be legally bound by contract and who are not disqualified or declared incompetent under the Indian Contract Act, 1872. You hereby represent that You are legally qualified to enter a binding contract, are not a person barred from receiving Services from the Platform under the applicable laws or by a regulatory authority, are a resident Indian or a qualified institutional investor registered in India as per the Indian foreign exchange and tax laws.
4. Registration process:
4.1.
User registration:
a.
To complete the registration to avail Services, You are required to fill in the following details in the user registration form on the Platform:
- Your name as per government identification proof;
- Address;
- Contact number;
- E-mail address; and
- KYC details, as requested on the Platform.
5. Withdrawal Policy
You can withdraw Your funds from Your Virtual Bank Wallet only to Your linked and verified personal bank account, by placing a 'Withdrawal' request on the Platform. All such withdrawals will be permitted only for such amounts that are available in Your Virtual Bank Wallet. Withdrawal amount will be refunded to Your linked and verified personal bank account within 3 working days from the date of Your withdrawal request in the normal course of action. In case of any delaying circumstances like name mismatch in Your bank account and KYC documents, payment gateway issues and other technical / operational issues beyond the control of the Company / Platform, the refund may take further time and the same will be periodically communicated to You.
6. User Account, Password and Security
6.1.
You may browse certain sections of the Platform without completing the User registration process. However, to avail all the Services on the Platform, You are required to set up an account on the Platform by providing such information as may be required by the Company as provided above ("User Account"). You can access the Platform by logging into the User Account with Your credentials.
7. No guaranteed return
No contributions made by You on the Platform ensures you return in any form or fully preserve the amount invested by You. With any Property related investment, there is a risk that You may not earn any return as it depends on the performance of the Properties held by the SPV LLP. The projections and the forward-looking statements made by the Company on a particular Property, only indicates projected and expected returns on any Properties which may vary depending on the performance of the Properties. All investments made by You on the Platform are subject to following risks:
a.
Market Risk: Any adverse movement in market sentiments or economic parameters that may affect Your participation in the Investment Opportunity, reducing its value or reducing the income it generated by the same on a periodic basis.
b.
Price Risk: Any upward or downward movement in the value of the Property held by the SPV LLP or any upward or downward movement in the value of SQFTs and / or partnership rights held by You shall affect Your investment. The price of SQFT may or may not be directly co-related to the fair market value or net asset value or Property value and this too may affect Your investment.
8. Disclaimer/No Offers or Reliance
The information available on the Platform is in summary form for convenience of presentation and under no circumstances should the information be used or considered as an offer to sell or the invitation or solicitation of an offer to buy any service offered by the Company. No such offer or invitation or solicitation will be made prior to the delivery of definitive documentation relating to the specific Services being offered. Before making a decision on any investment, You are advised to carefully read the related Investment Documents and any other details shared by the Company. Further, the Company does not give or offer any business advice, investment advice, tax or legal advice to the Users of the Platform, accordingly, You are advised to consult with Your tax, legal and financial advisors with respect to any investment on the Platform.
9. Exit opportunities
9.1.
Transfer of partnership interest: As stated above, You cannot digitally trade in Your partnership rights on the Platform. However, upon completion of 90 (ninety) days from the date of beginning completion of the initial property acquisition period of the SPV LLP (that is 2 years + 3 months from the date of first purchase of the Property), You can transfer Your partnership interest as per the mechanisms prescribed in the appropriate Investment Documents. The Platform may enable a service, where Your interest to sell your partnership interest in a specific LLP SPV shall be communicated to other third parties (may be other partners in that LLP SPV and other Users of the Platform). In the event one of them expresses interest to buy, the Company may render an offline brokerage service to assist you with the transfer process and charge a facilitation fee for the same.
10. Use of the Platform
10.1.
Subject to compliance with these Terms, the Company hereby grants You a non-exclusive, limited privilege to access and use the Platform. You agree to use the Platform only: (a) for purposes that are permitted by the Terms; and (b) in accordance with any applicable law, regulation or generally accepted practices or guidelines. You agree not to engage in activities that may adversely affect the use of the Platform by the Company or other Users.
11. Intellectual Property Rights
11.1.
The Platform and the processes, and their selection and arrangement, including but not limited to, all text, reports generated, videos, graphics, user interfaces, visual interfaces, sounds and music (if any), artwork and computer code (and any combinations thereof) and any information or materials uploaded by the Users or information or materials shared by the Users (collectively, the "User Content") on the Platform is owned and controlled by the Company and the design, structure, selection, coordination, expression, look and feel and arrangement of such User Content is protected by copyright, patent and trademark laws, and various other intellectual property rights. You are not entitled to duplicate, distribute, create derivative works of, display, or commercially exploit the User Content, features or facilities, directly or indirectly, without Our prior written permission. If You would like to request permission in respect of any particular Content, You can contact Us in the manner provided for in these Terms.
12. Disclaimers of Warranties and Liabilities
12.1.
You expressly understand and agree that, to the maximum extent permitted by applicable law that:
a.
Platform and other third party contents are provided by the Company on an "as is" basis without warranty of any kind, express, implied, statutory, or otherwise, including the implied warranties of title, non-infringement, merchantability, or fitness for a particular purpose. Without limiting the foregoing, the Company makes no warranty that (i) the Platform or Services will meet Your requirements, or Your use of the Platform will be uninterrupted, timely, secure or error-free; (ii) the results that may be obtained from the use of the Platform will be effective, accurate or reliable; and (iii) any errors or defects in the Platform will be corrected. No advice or information, whether oral or written, obtained by You from the Company shall create any warranty if not expressly stated in the Terms.
13. Indemnification and Limitation of Liability
13.1.
You agree to indemnify, defend and hold harmless the Company, and its affiliates including but not limited to its (and its affiliates') officers, directors, consultants, agents, representatives and employees ("Indemnitees") from and against any and all losses, liabilities, claims, damages, demands, costs and expenses (including reasonable legal fees) asserted against or incurred by the Indemnitees that arise out of, result from, or may be payable by virtue of, any breach or non-performance of any representation, warranty, covenant or agreement made or obligation to be performed by You pursuant to these Terms and/or the Privacy Policy. Further, You agree to hold the Indemnitees harmless against any claims made by any third party due to, or arising out of, or in connection with, Your use of the Platform, any misrepresentation with respect to the data or information provided by You, Your violation of the Terms and/or the Privacy Policy, Your violation of applicable laws, or Your violation of any rights of another, including any intellectual property rights.
15. Violation of the Terms
15.1.
You agree that any violation by You of these Terms will constitute an unlawful and unfair business practice, and will cause irreparable harm to the Company, for which monetary damages would be inadequate, and You consent to the Company obtaining any injunctive or equitable relief that they deem necessary or appropriate in such circumstances. These remedies are in addition to any other remedies that the Company may have at law or in equity.
16. Suspension and Termination
16.1.
These Terms will continue to apply until terminated by either You or the Company as set forth below. If You object to the Terms or are dissatisfied with the Platform, Your only recourse is to (i) close User Account on the Platform; and/or (ii) stop accessing the Platform.
17. Governing Law and Jurisdiction
17.1.
These Terms shall be governed by and constructed in accordance with the laws of India without reference to conflict of laws principles and disputes arising in relation hereto shall be subject to the exclusive jurisdiction of courts at Bangalore, Karnataka, India.
18. Report Abuse
18.1.
In the event You come across any abuse or violation of these Terms or if You become aware of any objectionable content on the Platform, please report the same to the following e-mail id Compliance@Altdrx.com
19. Communications
19.1.
You hereby expressly agree to receive communications by way of calls (including using pre-recorded messages or artificial voice), SMS, emails ad/or WhatsApp from the Company and other third parties duly authorized by the Company. You certify, warrant and represent that the telephone numbers and/or email addresses and any other information that You have provided to Us are Your own and are true, accurate, current and complete. You agree to notify Us whenever You stop using a particular telephone number(s) and/or email address(es). You can unsubscribe or opt-out from receiving communications through calls, SMS, e-mail, and WhatsApp anytime by writing to Us at Compliance@Altdrx.com In which case, the Company will only send You communications solely required for the purposes of the Services provided through the Platform.
20. Grievance Redressal Mechanism
20.1.
Grievance Handling: If You have any grievances, or complaints or concerns with respect to the Platform, the Company's Content, or the Services, You can contact the designated Grievance Officer of the Company, namely at Compliance@Altdrx.com.
21. General Provisions
21.1.
All Services on the Platform are provided to You on a principal-to-principal basis between You and the Company. Nothing herein is intended to nor be construed to constitute the relationship of a principal and agent, employer and employee, partners, joint venture, co-owners or otherwise as participants in a joint undertaking or representative of the other for any purpose whatsoever.
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+91 9986434404reachus@altdrx.com#778/A, Chinnaswamy Chambers, 12th Cross,
Double Road, Indiranagar 2nd Stage,
Bengaluru 560038, Karnataka, India.
Double Road, Indiranagar 2nd Stage,
Bengaluru 560038, Karnataka, India.
© 2025, Alt DRX. All Rights Reserved
Disclaimer - *Alt DRX is a platform facilitating access to real estate investment opportunities. We are not a registered broker-dealer or investment advisor. We do not provide personalized investment advice, endorsements, analyses, or recommendations regarding specific investments or securities. Investment decisions are ultimately your responsibility. We encourage you to conduct thorough due diligence, not rely solely on the information presented on this platform, and consider seeking professional advice from a financial advisor, attorney, or other qualified professional to understand and assess the risks associated with any investment opportunity. Alt DRX does not guarantee any specific investment performance, outcome, liquidity or return of capital for any investment opportunity listed on this platform.
© 2025, Alt DRX. All Rights Reserved