In continuation with its activities in Central America, DelNorte is already ready for the tokenization of a fresh housing project in Honduras. For this, the entity will be utilizing the completely new-age blockchain technology that is available in the digital real estate market. As per the information released by the U.S. company, this will be the second venture, following its understanding with the municipality of Olanchito, for the tokenization of every title, as well as the real estate records of the concerned municipality. The housing project going by the name of Home Refugio will be set up somewhere at the base of the Uyuca mountain in the municipality of Tatumbla.
As per the information divulged by Juan Carlos Romero, who is the developer, as well as the businessman and spokesperson, the project will consist of thirty houses which will be coming with all of the possible creature comforts, as well as amenities, for the ultimate benefit of both investors, as well as the people who will be residing in them. Every setup unit will come for a price amounting to US$160,000 and have 200 meters of construction work done. The first floor will contain a foyer, as well as a hall room, a dining space, a kitchen, a pantry, and a laundry room.
Also thrown in is one service bedroom, along with parking space, a storage room, and a fireplace. The second floor will have the master bedroom with an attached bathroom and a walking closet. Further provisions made are two more bedrooms with attached bathrooms and closets. First will be the deliverance of a prototype, followed by the real construction.
With the completion of the project, DelNorte has plans for the digitization and tokenization of the title deeds, in the case of every unit, followed by putting them up on a particular marketplace, www.kasas.io. Through this, it will be made possible for global investors to carry out the purchasing, as well as renting, mortgaging, or selling of the units. The option will also be there for diversifying their capital in the form of investments.
Source: https://www.cryptonewsz.com/tokenization-of-housing-project-in-honduras/