14 Dec 2023

Alok Kumar Singh, head of Rushmore Estates, and Prabhat Kumar Tiwary, leading YourOwnROOM, have formalized a $4 million collaboration. The partnership aims to construct studio pads in Bangalore, catering to the demand for high-quality residences for young professionals. Over the next 5-7 years, they plan to develop 8–10 projects with 7,500–10,000 units. The first project in Sarjapur, valued at Rs 200 crore, comprises 630 units and is set for phased possession in April 2025. YourOwnROOM will serve as the exclusive rental and property management partner for the project, expecting a total rental value of Rs 34 crore over 5 years.Read more

12 Dec 2023

Pune-based Naiknavare Developers, known for community-centric projects, introduces India's first tech-assisted senior living homes in Talegaon. With 60 smart home units, the Kutumb project offers 2 & 3 BHK options, duplex houses, and townhouses. Developed in partnership with Primus, it features senior-friendly smart tech, including Alexa-controlled devices. The 16-acre site provides a tranquil environment with healthcare, leisure, and entertainment services. The project caters to diverse lifestyle needs, emphasizing healthy aging. Naiknavare aims to enhance its real estate portfolio with quality, affordable, and holistic senior living homes, addressing evolving demands in the senior care category.Read more

09 Dec 2023

Housing.com, a prominent real estate platform in India, introduces an AI-driven price trend engine employing machine learning and artificial intelligence to furnish users with vital pricing data and insights for property transactions. Initially available in Mumbai, Gurugram, Bengaluru, and Hyderabad, the tool utilizes a proprietary algorithm to analyse current market prices and price movements over the past 2-3 years. This innovative feature enhances user decision-making by offering in-depth insights into specific neighbourhoods, facilitating informed choices in property transactions.Read more

02 Dec 2023

The Goa State Urban Development Agency (GSUDA) is prioritizing sustainable development through 3D-based urban planning. Addressing challenges like traffic congestion and resource mismanagement, GSUDA has invited firms to express interest in providing a 3D application for urban planning. The 3DCity Platform aims to simulate scenarios such as green energy potential, traffic solutions, new infrastructure, and security measures. GSUDA aims to integrate technology seamlessly with the urban landscape, becoming a model for sustainable development and innovation. The platform will assess air quality, flood levels, sound pollution, and security coverage, fostering efficient resource management for a smarter future.Read more

17 Nov 2023

Livsyt, a real estate platform in India, has secured $2.5 million in funding from Silicon Valley Quad and Inventus Cap. Livsyt simplifies the home buying and selling process using artificial intelligence, providing users with an integrated platform for exploring homes, negotiating, and handling paperwork. The funding is seen as a significant boost, indicating confidence in Livsyt's approach to revolutionizing the real estate market in India. The platform collaborates with top developers and brokers, aiming to expand its presence in Indian cities. The investment serves as a vote of confidence in Livsyt's potential to bring positive change to the real estate sector.Read more

11 Nov 2023

Mindspace Business Parks REIT is revolutionising commercial real estate with the launch of its Infrastructure Monitoring & Operations Centre (IMOC). IMOC offers centralised control and real-time analytics for Mechanical, Electrical, and Plumbing (MEP) utilities, enhancing energy and water efficiency while improving occupant experience. Implemented in key projects in Mumbai, Pune, and Hyderabad, IMOC streamlines operations, optimises man-hours, reduces downtime, and extends infrastructure life cycles. This aligns with Mindspace Business Park REIT's sustainability goals, already meeting global Green Building standards, further emphasising the importance of operational energy efficiency in commercial real estate.Read more

10 Nov 2023

Square Yards, a prominent real estate platform, celebrates a significant milestone as its asset management division, PropsAMC, which has successfully helped over 300 homebuyers reclaim Rs 100 crore in contentious legal battles with developers. This achievement underscores Square Yards' dedication to safeguarding their clients' investments. Recognizing the challenges faced by homebuyers in complex legal disputes, PropsAMC established legal services to address these issues, along with property tax conflicts and owner disputes. The division's impact extends to digitizing 20 million property registration records, empowering users with valuable information for informed real estate decisions.Read more

02 Nov 2023

Mahindra Lifespaces Developers Limited (MLDL) has revolutionised the real estate industry by launching India's first home-buying experience in the Metaverse. This pioneering initiative was introduced through a spectacular drone show in Pune, unveiling Mahindra Citadel's Phase 2, Bastion. The immersive Metaverse experience allows prospective buyers to explore, interact and customise their future homes, marking a significant leap in real estate innovation. MLDL's commitment to pushing technological boundaries and enhancing customer experience positions it as a trailblazer in the real estate sector.Read more

01 Nov 2023

Qdesq, an innovative coworking start-up, has secured undisclosed funding from venture capital firm Gruhas amid rising demand for flexible office spaces in India. Qdesq stands out with its tech-enabled coworking solutions and introduced Qudify, a cutting-edge SaaS platform, further enhancing its appeal. With a vast network spanning 4,300 centres across 100 cities and a monthly run rate of 6,500 desk reservations, Qdesq is a key player in India's coworking landscape. The recent funding will fuel its growth, enabling the company to expand its team and enhance its technological capabilities.Read more

27 Oct 2023

Aurum PropTech has reported a net consolidated loss after tax of Rs 23.89 crore for the quarter ending on September 30, 2023, in contrast to a loss of Rs 10.82 crore in the corresponding quarter of the previous fiscal year. However, the company displayed robust growth in net consolidated total income, with Q2 FY24 witnessing a substantial income of Rs 57.53 crore, marking an 86.54% increase from the same quarter in the previous year. The company's Executive Director, Onkar Shetye, highlighted a significant reduction in losses incurred by NestAway, putting them on track to break even by the end of this financial year.Read more