Newsletters PropTech Radar - 31 Jan 2024, Your Fortnightly Insight into the world of PropTech

PropTech Radar 31 Jan 2024,

Your Fortnightly Insight into the world of PropTech


Black Opal Group Raises $3 Mn. In Growth Capital From SBI And HDFC Banks

The funding will be utilised to enhance services and expand the team at, a prop-fintech B2B2C platform introduced by Black Opal Group.

Omaxe raises Rs 450 Cr. from Kotak Mahindra, gives exit to Varde partners

Omaxe Group is currently developing integrated townships in New Chandigarh, Lucknow, Ludhiana, Indore, and Faridabad. The realty company is also developing a multilevel parking and commercial project in PPP model with North Delhi Municipal Corporation in Chandni Chowk, Delhi, scheduled for delivery in this fiscal.


Co-Living Startup Union Living To Add 1,000 Beds In Mumbai

Started by two co-founders Rishab Soni and Parth Soni in 2020, Union living current portfolio includes 1050 operational beds across nine properties in Mumbai, Pune and Ahmedabad.

Strata in talks to buy commercial realty across cities

Strata is aiming for assets under management of Rs 2,000 Cr. by the end of 2023-24. It surpassed its AUM of Rs 1,300 Cr. and aims to expand its presence in western states such as Maharashtra, Rajasthan, and Gujarat. Strata allows investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses, industrial assets, etc.

Nobroker wanted to eat Mygate’s lunch. But housing societies had other ideas

To win market share, the two community management apps pulled out all stops to woo apartments. And now these apartments have all the power.



Shift in home loan dynamics suggests move from affordable to premium properties

A closer look into the data on home loans highlighted, the shift is evident not only in the increase in average loan size but also in the distribution of loan originations by value. Loans in the range of Rs 5 lakh to Rs 35 lakh are now giving way to those falling in the Rs 35 lakh to Rs 75 lakh bracket.

Budget 2024 ammo for India to win real estate battle over injured China

Interim budget: India's budget plays a big role in strengthening the property market and supporting the Bharat Moment. The budget should focus on affordable housing and streamline clearance processes to promote growth in the residential real estate sector. It is crucial to grant industry status to the real estate sector and facilitate easier credit access.


Integrow to invest ₹100 Cr. in Paranjpe Scheme’s realty project - The Hindu

Integrow Asset Management to invest ₹100 Cr. in Paranjape Schemes' residential project in Thane, showcasing confidence in urban living.

Aurum PropTech Consolidated December 2023 Net Sales at Rs 57.31 Cr., up 48.63% Y-o-Y

Total income increased to Rs 62.09 Cr. during October-December period of the previous financial year. EBITDA stands negative at Rs. 0.06 Cr. in December 2023 up 92.21% from Rs. 0.77 Cr. in December 2022.

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