12 Aug 2023

Property Finder has launched Data Guru, a comprehensive tool aimed at simplifying the property search process. This innovative feature provides insights and data to aid decision-making, addressing challenges such as lack of trust and transparency. Data Guru offers various tools, including price mapping, community insights, and historical trends, enhancing the user's ability to find the right property.Read more

08 Aug 2023

Indian PropTech firms secured $719 million in funding despite a slight dip in 2022. The sector showcased resilience with a CAGR of 49 percent from 2009 to 2022, reaching nearly $4 billion in investments. Co-living and co-working spaces dominated with 64 percent of the total inflow, followed by construction technology solutions with 15 percent. Proptech investments in India surpassed $4 billion in H1 2023, signalling continued growth. Technology adoption has boosted efficiency in real estate processes, with demand for flexible workspaces and premium accommodations driving investor confidence. The sector's success reflects its transformative potential and unwavering impact on the global market.Read more

07 Aug 2023

JLL Technologies introduces JLL GPT, a cutting-edge generative AI model for the CRE industry. With its global team of experts, JLL aims to deliver smarter CRE insights using this bespoke AI, revolutionizing the industry. JLL's comprehensive data, combined with external sources, will offer tailored solutions to clients worldwide. The AI-powered platform empowers facility managers with dynamic conversations while consulting experts provide quicker workplace planning advice. JLL's early adoption of AI has already optimized building efficiencies and investment opportunities.Read more

24 Jul 2023

Brigade REAP, India's pioneering real estate accelerator, embraces five innovative startups from diverse domains in its 14th Cohort. With a focus on PropTech, this cohort includes robotics, green construction, retail tech, plastic waste management, and hospitality, marking a ground breaking selection. These visionary ventures embody transformative potential and aim to reshape the real estate industry. Under the guidance of Brigade REAP, start-ups thrive with a remarkable 40 percent success rate in raising external funds, showcasing their impact in the real estate ecosystem. With an unwavering commitment to progress, this cohort heralds a new era of innovation at the intersection of technology and real estate.Read more

18 Jul 2023

Global leader in smart, sustainable building technology, Johnson Controls, has inaugurated its most advanced OpenBlue Innovation Centre in Bengaluru, India. This cutting-edge facility integrates cloud, edge, and AI technologies, demonstrating the potential of net-zero building technology. The centre also introduces the first experiential zone in India, providing real-time demonstrations of advanced building technology in action, and plans to become a strategic hub for smart building innovation in India.Read more

17 Jul 2023

ParkMate, India's top app-based platform for smart parking solutions, is set to expand its services in Delhi NCR. The company aims to revolutionize the parking experience by offering seamless operations, digital transactions, and reduced parking issues. Within the next six months, ParkMate plans to provide over 500,000 parking services in key areas like Connaught Place and Lajpat Nagar. The company will launch an updated app to enhance the user experience. Currently serving 500-700 customers daily, ParkMate's "Drop & Shop" service offers real-time parking and secure vehicle handling.Read more

10 Jul 2023

Tech-enabled home builder, BuildNext, has announced its plan to set up experience centres across India. These centres aim to revolutionize the real estate sector by offering immersive experiences and advanced technology solutions to potential buyers. Through virtual reality and augmented reality, customers can explore architectural designs and make changes to layouts. The centres will also provide expert guidance, showcase home automation systems, and promote sustainable living. BuildNext's commitment to customer-centricity and innovation sets a new benchmark in the industry, redefining the home buying experience in India.Read more

08 Jul 2023

Equity Address, a fintech platform for second home ownership, aims to raise $2.5 million by offering a 20 percent stake to strategic investors. The parent company, Equity Address Private Limited, operates two brands: Equity Address, a tech-enabled marketplace for real estate co-ownership, and The Venya, a global holiday home rental platform. Discussions are underway with venture capital firms and angel investors to close the funding round in the next two to three months. The investment will primarily be used for asset acquisitions, while Venya manages over 400 homes across 22 countries. The market for second homes is expected to exceed $4 billion by 2026.Read more

04 Jul 2023

Reloy, with the backing of HDFC Capital, raises Rs 7.2 crore in funding to expand its business. The pre-series A2 funding round saw participation from existing and new investors. Reloy's innovative solution streamlines the post-purchase homeowner journey by offering rewards and managing over 1.4 lakh apartments. Clients include prominent real estate developers. HDFC Capital plans to increase its stake in Reloy. The company's turnover surged to around Rs 13 crore, and it provides essential services for homeowners, creating a marketplace for home interiors and finance. Reloy aims to optimize customer and broker relationships in the real estate industry.Read more

28 Jun 2023

Crib, a prop-tech startup, raises Rs 15 crore in a Seed round led by We Founder Circle and Rebright Partners. The company aims to revolutionize the real estate industry with its digital ecosystem, connecting landlords, tenants, and entrepreneurs. With features like tenant onboarding, staff management, and complaint handling, Crib offers operational excellence for landlords and an immersive experience for tenants. The funding will support product expansion and nationwide distribution. The crib has already established a strong presence in multiple cities, with over 500 landlords managing 100,000 rental units.Read more