The exchange
for land.
IREC runs a live order book for fractional interests in verified land parcels — called Claims. Open 10 AM to 6 PM IST, every day. Buy in minutes, hold in your Vault, exit at market price. Land, finally traded like the asset it is.
Bids
Asks
Land is India's largest asset class.
It trades like it's 1950.
₹24 lakh crore locked behind crores of entry capital, months of paperwork, and zero price transparency. IREC applies the one model India already trusts with its wealth — the stock exchange.
Exit at market price
Selling land today takes 6–18 months. On IREC, your Claims sit on a live order book with price-time priority — place a sell order and match with real demand, any trading session, 10 to 6.
Own from ₹500
A parcel is divided into a fixed number of Claims at issue. You buy exactly the exposure you want — a fraction of Anna Nagar instead of nothing at all. Same land, same appreciation, no crore-sized ticket.
Verified before listed
Every parcel clears title verification, encumbrance checks, and an independent Deed of Trust before a single Claim is issued. Documents live in the Parcel Vault — open to every Claimant.
Watch the market breathe.
This is a live simulation of the IREC order book across Chennai's first listing cohort. Real parcels, demo pricing — the exact interface Claimants will trade on.
Be there when the bell rings.
Early access members trade the first listings before the public.
Get Early AccessListed parcels
Chennai cohort · demo data · prices per Claim
SIMULATED MARKET · Pre-registration demo. No live securities are offered. Past appreciation of Chennai land (~6.9% CAGR, Anna Nagar, 10Y) is not a promise of future performance.
—
—Live order book · price-time priority
DEMO TERMINAL — orders are simulated locally. On launch: full KYC, Vault custody, T+0 ledger settlement, AI surveillance on every order.
From registered land
to a live market.
The full lifecycle of a parcel on IREC — the same discipline a stock follows from IPO to secondary trading, applied to land.
Land first, always
A parcel is acquired and registered before anything is offered. Title search, encumbrance certificate, survey verification, guideline-value benchmarking — all completed and archived in the Parcel Vault. No pooling of money to buy land later. The land exists, verifiably, on day zero.
Land-first disciplineDeed of Trust ring-fences the parcel
Each parcel gets its own Deed of Trust under the Indian Trusts Act, 1882. Beneficial interest belongs to Claimants — recorded on a per-parcel schedule. IREC operates the market; it never owns the land and takes no management discretion over it.
Indian Trusts Act 1882Fixed-supply Claims are issued
The parcel is divided into a fixed number of Claims at listing. Supply never changes — no minting, no dilution. Each Claim is a defined fractional beneficial interest, tracked in the Vault Registry the way NSDL and CDSL track shares.
Fixed supply · Vault RegistryThe order book opens
Claims trade 10 AM to 6 PM IST on a live central limit order book — limit and market orders, price-time priority FIFO matching, circuit breakers on abnormal moves, and AI surveillance that freezes affected instruments the moment manipulation patterns appear.
CLOB · Circuit breakers · AI surveillanceSettlement on the ledger, instantly
Matched trades settle T+0 on an append-only claims ledger. Your Vault updates in real time; funds move through regulated banking rails. Every entry is auditable, permanent, and yours to inspect.
T+0 · Append-only ledgerRedeem to the real world
Claims are genuinely redeemable against the underlying property interest — the market is anchored to real land, not a synthetic index. Exit by selling on the book, or through redemption events on the parcel itself.
Genuine redeemabilityA fixed fractional beneficial interest in one specific parcel. The unit that trades.
You — the verified holder of Claims, recorded on the parcel's beneficiary schedule.
Your custody account. Every Claim you hold, every document behind it, in one place.
How Claims enter and exit existence — always against real, registered land.
Built to be examined.
IREC's structure has been engineered against India's actual regulatory perimeter — and pressure-tested with senior counsel. We publish the architecture because confidence should come from inspection, not marketing.
No pooling. Ever.
Funds are never collected to acquire assets later. Land is acquired and registered first; Claims are issued against a specific existing parcel. Each parcel is ring-fenced under its own Deed of Trust with its own beneficiary schedule.
No management discretion.
IREC does not deploy your money, develop the land, or promise returns from its own efforts. It operates market infrastructure — matching, custody records, surveillance — for flat registry and custody fees. Appreciation belongs to the market, not to a manager.
The exchange owns nothing.
Like BSE and NSE, IREC never holds a position in what trades on it. Beneficial ownership sits with Claimants; the trustee structure holds legal title in fiduciary capacity. No proprietary trading. No conflict.
Depository-grade registry.
The Vault Registry mirrors the NSDL/CDSL model — a server-based, append-only record of every Claim and every transfer. Aadhaar data is tokenized and masked per the Aadhaar Act. Nominees are supported from day one.
Market integrity by design.
Intraday price bands, velocity circuit breakers, wash-trade detection, KYC-linked orders, mandatory halts on material events, and AI surveillance that freezes affected instruments automatically. Insider-trading walls are structural, not policy.
Honest risk, in writing.
Land can fall in price. Liquidity depends on the book. Regulation can evolve. Every listing ships with a plain-language risk ledger — because an exchange that hides risk isn't an exchange.
An exchange, not an app.
Pranet Odil
Built from a real-estate brokerage background and a first-principles obsession with market structure. IREC exists because India's most trusted wealth engine — the exchange — was never pointed at its largest asset class. Now it is.
"₹24 lakh crore of Indian land sits beyond the reach of the people who built the cities on it. We're not fractionalizing property to sell a product — we're building the market layer land should have had decades ago."Founder, IREC
No token narratives, no yield promises. A matching engine, a registry, and verified land — the boring machinery that markets are actually made of.
The Zerodha path: be the cheapest, cleanest, most compliant version of what the system already allows — and let the structure speak for itself.
Every parcel's documents open to every Claimant. Every trade on a permanent ledger. Trust that can be checked isn't trust — it's fact.
The first cohort lists soon.
Chennai first. Then everywhere land is loved and locked.
Get Early AccessTalk to the exchange.
Partnerships, listings, press, or a hard question about the architecture — we answer all of them.
Phone
+91 89392 80082For counsel & institutions
Request the legal memorandumPriority at the opening bell.
Early access members get first allocation windows on the launch cohort, zero-fee trading for the first quarter, and a direct line to the founding team.
Access the initial Claims issuance on launch parcels before the public book opens.
Zero trading fees for your first 90 days on the exchange.
Early members shape the product — direct feedback channel to the team building it.
You're on the list.
Priority member confirmed. When the first parcels list, you trade before the public. Welcome to the exchange.
Explore the markets →