Newsletters PropTech Radar - 15th Feb 2024, Your Fortnightly Insight into the world of PropTech

PropTech Radar 15th Feb 2024,

Your Fortnightly Insight into the world of PropTech


Student accommodation platform Amber raises $21 million led by Gaja Capital

Founded in 2017 by Goel and Madhur Gujar, Amber primarily focuses on Indians studying abroad in markets like the US, the UK, Ireland, Australia and Canada, as the student accommodation in these countries is worth $60 billion

DevX raises $7 million to support expansion, develop proptech solution

DevX, a managed office space provider, has raised $7 Mn. in its third round of fundraising. The funding was split equally between equity and debt from investors such as banks, NBFCs, family offices, and HNIs. The funds will be used for national and global expansion, adding more assets across India, and developing a PropTech solution.

Brigade REAP Onboarded 5 New Unique Startups for Its 15th Cohort

Brigade REAP, India’s first PropTech focused real estate accelerator program, has onboarded 5 startups from over 120 applications for its 15th Cohort.


Integrated real estate platform Square Yards, has reported Rs 247 crore revenue during Q3 FY24, up 53% Y-o-Y

The Gross Transaction Value (GTV) reached Rs 10,574 Cr., up 85% YoY, contributing to the company's 9-month revenue for FY24, which now stands at Rs 644 Cr.. Fintech and real estate services fueled the momentum, constituting 90% of the overall revenue. Financial Services exhibited a 2x growth run rate of USD 300 Mn. disbursals per month, while real estate services picked up with a 36% YoY increase.

Aayush Puri: The Harvard Mind Behind ANACITY, Transforming Global Property Management

The app's impact is particularly notable in Dubai, where one in every 10 individuals uses ANACITY, highlighting the city's rapid adoption of smart living solutions.

Fashinza Cofounder Jamil Ahmad Floats New Proptech Venture Marrfa

Marrfa is a full stack managed real-estate marketplace which is ready for launch by the end of this quarter. Currently, the startup is bootstrapped but according to Ahmad, the startup will start exploring funding opportunities once the startup fits into the market frame.


Budgetary push for institutionalisation of PropTech in India

Under the leadership of Prime Minister Narendra Modi, India witnessed major policy push across four key areas, including the digitization of land records and real estate transactions under the DILRMP, transparency in real estate transactions under demonetization and GST implementation, regulation of real estate development and licensing of service providers under RERA, and reforms of the rent control act under the Model Tenancy Act 2021.

Rents Rocket Across Indian Cities With 17% YoY Spike, Gurugram Tops With 31% Surge: Report

Greater Noida (6.9% YoY), Ahmedabad (6.6% YoY) and Chennai (4.1% YoY) observed the highest growth in rental demand. Concurrently, rental supply reduced considerably by 16.9% YoY with outliers like Noida (19.6% YoY), Hyderabad (3.2% YoY) and Greater Noida (2.7% YoY) demonstrating an increase in rental supply.

MSM REITs: How SEBI's game-changing move will transform India's real estate investment landscape

MSM REITs in India provide investors with a unique proposition to participate in the commercial real estate market. They adopt a niche-targeted approach and offer transparency and control beyond traditional blind pool investments.

Traditional to Tech-Savvy: How Digitalization Redesigned the Real Estate Sector

The digital revolution has transformed every industry by incorporating cutting-edge digital technology into their existing operations in an effort to foster creativity, boost productivity, and enhance services. The real estate industry has also been hit by the technology juggernaut propelling it forward in today’s economy


Technology and Innovation: Nestaway's Role in Transforming the Rental Market

Nestaway's philosophy centers on inclusivity and choice, leveraging technology to offer a wide array of rental options to tenants without bias or discrimination.

WiseX offers fractional ownership of ₹80 crore commercial property in Pune

Sky One Corporate Park houses tenants such as Vertiv, Kantar, Piaggio Vehicles, Sincro and the investment deal covers the 58,661 sq. ft. leasable area on the 9th floor which is leased to Vertiv

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