FlipSpaces raises $35 Mn. from investors to expand its business

This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent categories.

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SGRE Fund raises Rs. 450 Cr., invested Rs.125 Cr. across two real estate projects

SGRE Fund has secured Rs 450 Cr. to invest in real estate projects across India, already allocating Rs 125 Cr. to two stalled projects in Noida. Managed by Nirala World and Sea Fund promoters, it aims to raise up to Rs 2,000 Cr., providing crucial financing to struggling real estate companies.

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Digital real estate platform ALT DRX raises $2.7 Mn. in new funding round

Digital real estate startup Alt DRX has raised Rs 23 Cr. in funding from institutions like Qatar Development Bank and angel investors including Harsha Bhogle. The funds will fuel customer acquisition and technology enhancement.

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Stanza Living and CityMall mull fresh funding at marked down valuations

Stanza Living is in advanced stages to raise around $25-30 Mn. (Rs 215-250 Cr.) from existing investors in an internal round which could potentially mark down the valuation of the company by over 50 percent

NoBroker reports Rs 803 Cr revenue in FY24

NoBroker improved its financial performance during the fiscal year ending March 2024, with operating revenue increasing by nearly one-third year-on-year. Significantly, the subscription-based house-hunting platform also reduced its losses by 19% in FY24.

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Fractional Ownership platform Strata surrenders SEBI registration amid legal dispute

Strata has surrendered its SM REIT registration with SEBI amidst a legal dispute involving its promoter and a Tamil Nadu-based realty developer. SEBI accepted the surrender, cautioning investors, while Strata intends to reapply for a license after the litigation concludes.

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Co-working company International Workplace Group sees India as third largest market

IWG, a global hybrid workspace platform, aims to become the third-largest co-working center provider in India within 3-5 years, planning to add 300 centers. Currently operating 105 centers, IWG intends to add 40 more this year, capitalizing on economic uncertainties that drive companies to focus on core business and opt for flexible workspaces.

Residential mortgage securities may reshape realty market

Residential mortgage-backed securities (RMBS) have been listed on the NSE for the first time in India, potentially raising over ₹10,000 Cr. this financial year. This development is expected to reshape the property market by providing new funding avenues and enabling lenders to extend more credit, aligning with the 'Housing for All' initiative.

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India's co-living sector poised for massive growth; inventory set to triple by 2030

India's co-living sector is experiencing substantial growth, driven by urban migration and demand for flexible housing. The organized co-living inventory is projected to triple by 2030, reaching nearly 1 Mn. beds.

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India may need additional 50 Mn. sqft real estate for data centers by 2030

Deloitte reports India needs significant real estate and power boosts for AI data centers by 2030. The report highlights India's advantages but stresses infrastructure, talent, and policy gaps must be addressed.