Crib, a property management app founded in 2021 recently introduced Crib Plus, a premium version aimed at the burgeoning student housing and co-living markets in India. With an investment exceeding USD 1 million, Crib Plus intends to target the burgeoning rental market that is expected to surpass USD 20 billion by 2024. Offering streamlined operations and cost reduction benefits, Crib Plus aims to empower operators with comprehensive management tools and enhance brand presence. With over USD 2 million in funding from esteemed investors, including Vijay Shekhar Sharma and Kunal Shah, Crib is poised for continued growth and innovation in the real estate tech sector.Read more

Landeed, a leading prop-tech startup, has unveiled India's premier AI Property Analyzer feature, a tool set to revolutionize property title analysis in the country. This technology provides a detailed ownership history of properties, simplifying title flow and enhancing accessibility for brokers, landlords, and landowners. By automating document analysis and retrieval, including Encumbrance Certificates and 7/12 records, Landeed's AI analyzer empowers users to navigate complex property documents effortlessly, saving time and minimizing errors. With overwhelming traction and positive reviews since its launch, Landeed is poised for further success in reshaping the Indian real estate landscape.Read more

Strata, a leading player in India's tech-driven commercial real estate sector, has introduced a cutting-edge investment opportunity – fractional ownership of a Grade-A office space in Pune. Targeting INR 78 crore, the venture gained remarkable traction, securing over INR 38 crore within the first 48 hours. The 53,000 sq. ft. property in Viman Nagar, Pune's IT hub, features a strategic location with a five-year lock-in lease agreement, offering a 9.1% gross entry yield and a total Internal Rate of Return (IRR) of 13.1%. With a tenant commitment from India's largest flex working space provider, Strata continues to democratize high-end commercial real estate investment through fractional ownership, backed by notable institutional investors. This move highlights a growing trend in making commercial real estate accessible to a broader investor base.Read more

India's real estate and construction sector is evolving with Larsen & Toubro and Tata Realty & Infrastructure spearheading the adoption of advanced building methods, particularly prefabrication and precast technology. Despite challenges like design limitations and high logistics costs, clients favour prefab construction for its speed and efficiency. Government initiatives like 'Housing for All' utilize precast technology for residential units. While only a small percentage of the over USD 100-billion real estate market in India currently employs prefab methods, the sector is gaining traction, especially with an evolving homebuyer perception. Challenges, including initial investments and the demand for skilled labour, persist, but experts believe experience will overcome these hurdles, fostering widespread prefab acceptance.Read more

Settl, a prominent co-living operator, has secured Rs 10 crore in its pre-Series A funding round, led by Gruhas and We Founder Circle, among others. The investment boosts Settl's total funding to Rs 15 crore. Founded in 2020, Settl operates 60 co-living centers across major cities, offering 4,000 beds catering majorly to working professionals. With rental prices ranging from Rs 12,500 to Rs 18,000 per bed, Settl addresses the expanding premium co-living market. The fresh capital infusion will help strengthen working capital, expand the team, and enhance technology infrastructure, supporting the company's growth and expansion plans in India's thriving co-living sector.Read more

The Dehuroad Cantonment Board (DCB) in Pune utilised drone technology for a successful property tax reassessment, resulting in a fourfold revenue increase. Amit Mane, the defence estate officer, initiated the first-of-its-kind drone survey spanning nine villages and 11 slums. Recognizing the innovation, the Ministry of Defence awarded the DCB for its public service contributions. The collaboration with the College of Military Engineering’s dedicated team and the use of accurate drone images facilitated a smooth transition to the updated property assessments. Despite objections from 7,000 citizens, the cantonment authorities conducted 3,000 hearings, explaining the new assessment method to citizens and effectively addressing their concerns.Read more

Strata, India's leading proptech platform for fractional investments in commercial real estate (CRE), aims to surpass Rs. 2000 crores in assets under management (AUM) by the end of fiscal year 2023-24. Already crossing Rs. 1300 crores and 3.5 million sq. ft. in assets, Strata achieved remarkable 50% growth in AUM over eight months. With a 100% surge in its investor base, exceeding 3000, and 80,000 active users, the platform plans to expand its presence in western India. Strata's CEO, Sudarshan Lodha, highlights commitment to SEBI's regulatory changes, emphasizing transparency, risk mitigation, and unlocking opportunities in emerging markets like Pune and Jaipur.Read more

Uttar Pradesh is set to launch India's inaugural AI city in Lucknow, spread across 40-acres in the Nadarganj Industrial Area. An Expression of Interest has been extended to real estate developers, promising financial incentives like Capex support and stamp duty exemption. The AI city aims to integrate advanced technology, research centres, and educational institutions, fostering an ecosystem conducive to AI and MedTech. The plan envisions plug-and-play infrastructure, premium Grade- A office spaces, a mix of housing options, and AI-driven internal transport, aligning with a walk-to-work model and dedicated spaces for academic collaboration.Read more

HouseEazy, a proptech specializing in home resale, secured a significant $1 million seed funding from investors including Antler, India Accelerator, and industry leaders like Pirojsha Godrej and Sandeep Aggarwal. The funds will fuel HouseEazy's mission to bring trust, transparency, and efficiency to secondary real estate transactions through a data-driven technological platform. The surge in proptech funding, totaling $4 billion since 2009, reflects the industry's accelerated integration of technology. Notable proptech ventures securing funding include NoBroker.com, Reloy, Property Pistol, Landeed, and newcomers Crib and Settl., highlighting the sector's dynamic growth and transformative potential.Read more

Real estate firm NILA Spaces is making a forward-looking move by investing $1 million in its innovative VisionX Program, aimed at supporting early-stage prop-tech start-ups in India. Managed by Awfficacy Capital, the 12-week rolling accelerator program provides financial backing and essential phases like business planning, strategy development, and market research. Participants receive personalized mentorship, access to the prop-tech network, and immersive sessions on business development. The program focuses on scalability and explores technological advancements in real estate. The initiative aims to shape the future of the prop-tech sector in India through comprehensive support and a focus on sustainability.Read more