PropTech Radar 15th May 2024,

MARKET MOVERS

How NoBroker's in-built AI model Convozen leverages insights from customer interactions

The AI-driven conversational intelligence platform provides insights from customer conversations to improve a company’s overall business efficiency. It uses advanced machine learning (ML) models to transcribe and extract insights from conversations conducted in multiple languages.

Square Yards reports Rs 1,000 crore revenue in FY24

Square Yards reported robust financial performance in FY 24, achieving EBITDA profitability and strong revenue growth. Tanuj Shori leads the company with diverse revenue sources. The company targets further growth in FY25.

INDUSTRY INSIGHTS

Housing prices in top 8 markets rise average 10% on-year in Q1

Residential real estate in top Indian cities saw a 10% average price increase YoY in the Jan-Mar quarter, driven by strong demand. Bengaluru, Delhi NCR, Ahmedabad, and Pune led with double-digit growth. Unsold inventory increased marginally nationally but dropped in Pune, Delhi-NCR, and Ahmedabad. Bengaluru and Hyderabad saw a slight dip in unsold units quarterly. Developers are monitoring stock and demand for new launches.

Indian senior living segment to grow by 5x by 2030

According to demographic projections, the median age of the country is zexpected to increase from 29 to 38 by 2050, along with a rise in the proportion of aged people (above 60 years) from 11% in 2024 to 21% in 2050. India, in particular, is expected to witness a significant surge in demand for senior care and housing facilities, owing to its 17% share of the 2.1 billion people aged 60 years and above globally, in the next three decades.

SM-REIT to create monetisation opportunity of Rs 70,000 crore

Small And Medium REITs: In November last year, the Sebi board cleared the amendments to the REITs Regulations, 2014, in order to create a regulatory framework for the facilitation of SM REITs, with an asset value of at least Rs 50 crore vis-a-vis minimum asset value of Rs 500 crore for existing REITs.

AURUM SPOTLIGHT

Aurum PropTech : DART initiates coverage on the stock with 'BUY', sees over 68% upside

Aurum PropTech's stock has gained 29% in the last year and has diverse revenue streams for growth. It is a turnaround specialist in the rental space, expected to achieve positive PAT in FY27E with improving margins and strong cash flow projections.