PropTech Radar 15th Nov 2023,
Your Fortnightly Insight into the world of PropTech
FUNDING HIGHLIGHTS
PropTech Settlin Secures Funding from Powerhouse Ventures and Others
PropTech digital broker Settlin has secured an undisclosed amount in funding from investors, including Powerhouse Ventures, Kyt Ventures, Investo Monk, Guptaji Invests, Ah Ventures, and PV Rao (PVR Cinemas).
Housing.com invests in fintech start-up Easiloan
Housing.com has made an undisclosed investment in Easiloan, a fintech startup specializing in digitizing the home loan process. Easiloan, founded in 2021, offers personalized home loan solutions through partnerships with over 20 banks in India. The investment capitalizes on the growing home loan market, with an estimated 16% growth in the home loan portfolio from December 2021 to December 2022.
Elevation Capital leads Series A round in Vridhi Home Finance
Early-to-growth stage venture capital investor Elevation Capital has led a capital infusion of Rs 150 Cr ($18 Mn) in Vridhi Home Finance, a housing finance company co-founded by a former executive at Aavas Financiers.
In a complaint to Mumbai Police, Info Edge alleges that Yadav has made several high-value transactions to individuals, companies and vendors associated with him.
MARKET MOVERS
Curated Living Solutions acquires 1-lakh-sq-ft student housing asset in Durgapur
This student housing facility with around 1 lakh sq ft built-up structure has a total 766 beds. The deal marks Curated Living Solutions first brownfield venture in the student housing vertical and has started operating from November 1.
Strawcture, Enlite and SuperBolter Crowned as Indias Top PropTech Startups at DISRUPTECH 2.0
Strawcture, Enlite and SuperBolter Crowned as Indias Top PropTech Startups at DISRUPTECH 2.0 Indias Biggest PropTech Challenge by CBRE and Nasscom Startups.
Equity address lets you buy a second home with fractional ownership
According to the founders, the startup has a unique approach to fractional property ownership, and offers true ownership, future gains, flexible scheduling for accommodation, and shared expenses.
INDUSTRY INSIGHTS
What's driving the demand in India’s nascent student housing market?
Operators say a bevy of factors are driving the boom in purpose-built student accommodations (PBSAs): Indias young population, increasing enrolment in higher education, surge in students migrating to cities with a greater concentration of educational institutions, growing investor and developer interest, and students preference for quality, organised accommodation.
Second-home fractional ownership: A new trend in India's real estate
With second-home fractional ownership, a highly popular practice in Europe's richer neighbourhoods and the US, gaining currency in India, doing so would need you to neither break the bank, nor sacrifice returns on investment.
Rising senior population, dependency ratio to prompt senior living projects investments
The expected increase in the senior populations share from nearly 10% in 2023 to 20% by 2050, expected to result in an increased age dependency ratio-- the ratio of dependents to the working-age population--of 34% by then.
AURUM SPOTLIGHT
Ashish Mundada, Head, Commercial Real Estate (Investments), Integrow Asset Management Co. states that modern office buildings need to meet the diverse & complex needs of their tenants.
