PROPTECH MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In May 2023, CBRE, a leading global real estate consulting firm, announced its collaboration with Nasscom, the premier trade body for the tech industry in India, to launch a proptech challenge program. This initiative, known as 'DISRUPTECH 2.0,' aims to provide support and guidance to startups in the real estate technology sector. CBRE India stated that this collboration marks the second edition of their proptech challenge, focusing on highlighting innovative tech solutions for the real estate industry.
• In March 2023, Tavant, a provider of custom AI-powered solutions, unveiled the next phase of its real estate technology, known as Proptech 3.0. This new stage in Tavant's Proptech evolution introduces innovative end-to-end solutions and interconnected AI-powered analytics designed to optimize the real estate ecosystem for all stakeholders involved.
• In November 2022, Aurum PropTech Limited, a listed company on BSE Limited and National Stock Exchange of India Limited that revolutionizes real estate with an integrated PropTech ecosystem, launched the "Aurum Entrepreneur-In-Residence" program. This first-of-its-kind initiative in the PropTech industry aims to onboard and support visionary entrepreneurs building transformative products for the real estate sector. The program's primary objective is to accelerate the adoption of technology-driven innovations in the real estate industry by providing capital, network, and expertise to selected entrepreneurs.
• In September 2022, HDFC Capital, a subsidiary of Housing Development Finance Corporation Ltd. focused on managing private equity funds in the real estate sector, collaborated with Invest India, the national investment promotion and facilitation agency, to launch the HDFC Real Estate Tech Innovators 2022 platform. This initiative aims to identify, recognize, and honor innovative solutions in construction tech, sales tech, fintech, and sustainability tech within the real estate industry.