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

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

Blox, an AI-driven proptech firm, is in the final stages of acquiring a majority stake in Justo, a mandate brokerage company in Maharashtra valued at Rs 350 crore. The transaction will combine cash and stock. This acquisition holds great significance in India's real estate and proptech sectors, where both Blox and Justo have annual mandate businesses of around Rs 3,500 crore. The move is expected to fortify Blox's position as a premier proptech enterprise in India, propelling its consolidated gross merchandise value to nearly Rs 8,000 crore. This strategic shift showcases the transformative impact of proptech on the traditional real estate landscape.Read more

Kerala unveiled its first 3D-printed building, the 380-square-foot AMAZE-28, at the KESNIK campus. This ground breaking achievement, completed in just 28 days, heralds a new era in construction technology. Chennai-based start-up Tvasta, in collaboration with KESNIK, brought this architectural marvel to life, fusing traditional and 3D printing methods. The integration of both techniques showcases 3D printing's adaptability and opens the door to widespread implementation in construction, promising efficiency and creative design possibilities. This project is a testament to the unceasing quest for innovation in the construction industry.Read more

Colliers, a renowned real estate advisory services company, is making significant strides in the technology sector with its AI-enabled platform, CoGence. This innovative tool is designed to identify construction site anomalies and generate precise quality reports, delivering impressive results such as a 79% reduction in project delays, 91% early defect detection, and a remarkable 91% reduction in on-site visits and monitoring costs. CoGence's accuracy rate of 99.9% sets it apart, allowing users to integrate as-built models with Autodesk products like AutoCAD and Revit. Colliers' commitment to innovation is evident in its investment in tech platforms, making CoGence a gamechanger in the construction industry, increasing efficiency, and driving progress in real estate.Read more

Gruhas Fund, DLF Family Office, and Anthill Ventures have unveiled the second cohort of their proptech accelerator program, Gruhas Aspire. This initiative supports six selected startups poised to revolutionize the construction and real estate industry. These startups will receive strategic investments, expert guidance, and market access opportunities to drive innovation and sustainability in the sector. The program builds on the success of its inaugural cohort, which facilitated over INR 22 crore in capital, and aims to empower startups to navigate challenges, seize opportunities, and contribute to the growth and transformation of the proptech landscape.Read more

Housing.com, India’s top digital real estate firm, has launched its latest brand campaign for the upcoming festive season, building on the success of its 2022 "Parr.. se Perfect" campaign. The new campaign focuses on property owners' needs and challenges in finding genuine buyers or tenants. Housing.com introduces the Housing Assist service to simplify the process by providing verified, price-matched, and ready buyers and tenants. With four new ads and a targeted reach of over 100 million, the campaign employs humour and impactful storytelling across TV, digital, and OTT platforms.Read more

Enventure, a leading engineering design services company, has launched the Enventure Centre for Advanced Digital Construction in Shivamogga. This centre aims to train around 100 engineers over the course of a year in 3D digital technologies crucial to the construction industry. It will collaborate with faculty members to enhance 3D design technology skills. Anil Sivadas, President of Enventure, highlighted the importance of tapping into the talent pool in tier II and III cities, with plans to open similar centres in other cities. The initiative offers mentorship to fresh graduates and employment opportunities for those who returned home during the pandemic.Read more

Square Yards, a prominent proptech platform, has successfully filed 18 international patents in India and the USA, focusing on virtual reality, augmented reality, extended reality, artificial intelligence, and data applications in real estate. Of these, three patents have already been granted, showcasing Square Yards' leadership in pioneering real estate technology innovations. These patents cover various areas, including immersive 3D experiences, real estate asset analysis, agent ranking algorithms, and more. Square Yards aims to revolutionize the real estate industry by integrating cutting-edge technologies and enhancing the home-buying experience for consumers and professionals.Read more

NoBroker, India's proptech unicorn, has introduced a ground breaking metro-based property search feature in response to imbalanced real estate demand and supply post-pandemic. This innovation allows users to explore homes along metro lines, reducing commute times, carbon emissions, and rental costs. By widening options beyond the immediate vicinity of workplaces, NoBroker aims to ease the rental property search, addressing the 40% surge in rental rates near tech hubs. This initiative promises rent rationalization, closing the demand-supply gap, and reducing resource strain. Available in key Indian cities, it signifies a significant positive change in the real estate market, especially for tenants.Read more