PropTechBuzz has unveiled a ground breaking platform for the Proptech industry, aiming to globally connect and inspire. This innovative solution addresses challenges faced by Proptech companies, offering them worldwide visibility and scalability. With a focus on empowering smaller enterprises, PropTechBuzz fosters collaboration and innovation. The platform's features include a launch feed for product introductions, community engagement, product spotlights, reviews, forums, and educational resources. PropTechBuzz's early adoption in India and the Middle East showcases its potential to level the playing field and transform Proptech, fuelling growth and progress in a dynamic industry.Read more

Housing.com, a prominent player in the Indian PropTech space, has partnered with international Insurtech leader BOXX to introduce 'Cyber Protect,' a digital security plan for homebuyers. In response to a concerning 18% rise in cyber-attacks in India during Q1 2023, the plan offers comprehensive protection against digital fraud and scams. With support from Bajaj Allianz General Insurance, customers can acquire this safeguard for an affordable monthly premium of INR 199. The partnership emphasizes Housing.com's commitment to simplifying housing processes while prioritizing customer data safety and well-being in an increasingly digital world. The collaboration reflects Housing.com's dedication to offering seamless and secure experiences to its users.Read more

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

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

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

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

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

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

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

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