PropTech Radar 30 Sep 2023,

FUNDING HIGHLIGHTS

HotelYaari Bags INR 18 Cr To Offer Fractional Ownership Of Holiday Homes

Holiday homes-focussed fractional ownership startup HotelYaari has reportedly raised INR 18 Cr ($2.18 Mn) in a seed funding round from Alios Ventures.

Artificail Intelligence and Real Estate Planning Platform Qbig Raises $10M in funding.

The funding round was led by JLL Spark, the venture capital arm of global brokerage company JLL, and also included investments from 10D, Ocean Azul, Randomforest, and M-FUND.

MARKET MOVERS

COWRKS plans to double its portfolio by 2024

COWRKS, a flexible and managed office provider, plans to double their portfolio and open new centres across major cities such as Pune, Mumbai, Bangalore and Chennai by 2024 to cater to the growing demand for a hybrid work model amongst large corporates

Livspace posts strong revenue growth in FY23; Ebitda loss narrows

Home renovation platform Livspace reported that its revenue rose by 85 per cent to around Rs 1,100 Cr during the last fiscal year. Business expansion, investment in branding and experience centres, and improving supply chain helped the company achieve high growth in the fiscal year

INDUSTRY INSIGHT

Here's why 3BHK are becoming more popular among home buyers in India.

A recent study by property consultant Anarock has found that Bengaluru is leading the demand for 3BHK accommodations in India, with 51% of homebuyers in the city seeking spacious living options. Chennai follows closely with 50% and Delhi with 47%.

Real estate fractional ownership market touches Rs 4,000 cr; to grow at 25-30 pc annually: Report

Fractional ownership typically involves the ownership of an underlying real estate asset among multiple investors. This lowers capital requirements and facilitates participation of a larger set of players in real estate asset ownership," the report said.

AURUM SPOTLIGHT

Aurum PropTech-Backend Integrow To Widen Porfolio With Second Housing Fund

Integrow Asset Management plans to start raising its second residential real estate fund next year, as it expands its offerings after rolling out portfolio management services and an investment vehicle for office properties