Newsletters PropTech Radar - 30th April 2024, Fortnightly Insight into the world of PropTech

PropTech Radar 30th April 2024,

Your Fortnightly Insight into the world of PropTech


Embassy to buy WeWork's stake in India joint venture

The deal structure involves WeWork India first raising $150 Mn. for a 40% stake from three investors. This includes a secondary sale by Embassy Group.

Niche funds are rising, from prop-tech to media

In the last 6-12 months, specialized funds in sectors such as value chain systems, media tech, climate tech, STEM and PropTech have sprung up on the back of demand from investors who are looking to make targeted bets in certain sunrise industries, several executives and fund managers told Mint.


Co-living operator Settl to reach 8,000 beds in FY25

Co-living operator Settl aims to double its capacity to 8,000 beds by FY 25, following impressive growth. With revenue climbing 100%, reaching Rs 33 Cr. by March 2024, Settl's success reflects the increasing demand for co-living spaces among young professionals in major Indian cities.

PropTech Startup Reloy Unveils Connectre 4.0, Targeting Rs 3500 Crore in Referral Sales in FY25

With the introduction of this upgraded platform, Reloy sets its sights on an ambitious goal: achieving Rs 3,500 Cr. in referral sales during the fiscal year 2024-25, with revenue of Rs 21 Cr.


Fractional ownership is expected to list over Rs 4,000 crore worth of existing AUM over the next 2-3 years

SEBI has recently issued guidelines for Small and Medium Real Estate Investment Trusts (REITs), which are expected to facilitate the listing of a significant number of previously unregistered fraction ownership platforma (FOPs) like Strata, hBits PropertyShare, Assetmonk, Alyf, YOURS and WiseX dealing in real estate assets.

Luxury housing sale reports 10% growth during Jan-Mach 2024

Luxury segment housing in top cities grows 10% Y-o-Y, Mumbai leads. Anshuman Magazine cites robust fundamentals. Gurgaon emerges as luxury market with eco-friendly features. Jubilee Hills sees luxury demand.


Survey shows 64% HNI investors prefer fractional ownership investment model in commercial real estate | Fractional ownership explained

The WiseX’s Neo-Realty Survey 2024 shows that a substantial 72 per cent of HNIs prefer real estate investments, with 47 per cent utilizing PropTech platforms to make their investments and 69 per cent of HNI respondents are planning to increase their investments in real estate, indicating a positive outlook on the sector's future

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