Magicbricks invests in PropViz to offer advanced real estate technology solutions
PNT Reporter
Magicbricks, a leading real estate portal, has acquired a majority stake in PropViz to elevate its technological offerings for developers. The acquisition reinforces Magicbricks' commitment to redefining real estate interactions through advanced solutions such as 3D visualisations, virtual walkthroughs, smart location maps, and integrated booking systems. This strategic move aligns with its mission to enhance customer engagement, streamline decision-making, and accelerate sales for developers. PropViz, established in 2019, has a proven track record of creating extensive virtual spaces and interactive layouts, complementing Magicbricks' existing developer-centric services like verified leads and site visits....
PropTech investments in India to reach USD 16 billion by 2030
PNT Reporter
A new report by Knight Frank, HDFC Capital, and Brigade REAP highlights PropTech's transformative role in India's real estate sector, projecting investments to grow at a 15% CAGR from USD 6 billion in 2023 to USD 16 billion by 2030. Representing 6% of Indian startups, PropTech positions India 6th globally in funding and top global PropTech deals. With real estate contributing 7.3% to GDP, leaders stress technology's role in addressing housing affordability, urbanization, and sustainability challenges. Infrastructure expansion, such as national highways and ESG-certified developments, complements PropTech adoption, enhancing connectivity, sustainability, and affordable housing access for the growing urban workforce....
Mumbai hosts OSH India Expo 2024, a hub for cutting-edge safety solutions
PNT Bureau
The OSH India Expo 2024, held in Mumbai recently showcased world-class workplace safety solutions, with leading exhibitors like KARAM Safety, Bison Life, 3M, Dupont's Nomex, and Udyogi Safety. The event highlighted cutting-edge innovations and global best practices in occupational safety. KARAM Safety's proactive approach stood out, with free on-site training for construction workers on using safety equipment effectively-a commitment upheld for over 20 years. Speaking at the event, Hemant Sapra emphasized the importance of worker education and the company's dedication to sustainability, advocating renewable energy adoption in the production sector....
Blox acquires stake in Guardians to strengthen real estate presence in India
PNT Bureau
Blox, a digital real estate platform, has acquired an 11 per cent stake in real estate brokerage firm Guardians for USD 12 million, with plans to increase ownership to 50 per cent over the next three years. The acquisition positions Blox and Guardians as India's largest real estate seller, managing annual sales of 25,000 homes with a GTV of USD 2 billion. Blox aims to increase its GTV to USD 10 billion within 3-5 years. The partnership combines Blox's technology and Guardians' market expertise, creating a dual-pathway sales model that will transform India's real estate market....
Propsoch raises USD 500,000 to expand operations in key cities in India
PNT Bureau
Propsoch, a proptech startup focused on property analysis, raised USD 500,000 in pre-seed funding led by the investment arms of Godrej Group and Vakil Group. Founded by Ashish Acharya and Ravi Agrawal, the company aims to expand into Mumbai, Pune, and strengthen operations in Bengaluru. Key early investors include Mohit Malhotra and Bhaskar Bhat, who bring notable real estate expertise. Propsoch seeks to enhance transparency in real estate through clear, data-driven insights, addressing homebuyers' needs for informed decision-making. With India's proptech sector growing rapidly, this funding positions Propsoch as an influential player, meeting demand for transparency in a complex market....
Brick & Bolt's 8-month express delivery service offers faster home construction with over 470 quality checks
PNT Bureau
Brick & Bolt, India's leading tech-enabled construction company, has launched its 8-Month Express Delivery service, designed to expedite home construction and alleviate the financial burden of paying both rent and EMIs. This innovative service optimizes the construction process without compromising quality, utilizing over 470 quality checks through their proprietary QASCON system. Co-Founder Jayesh Rajpurohit highlighted the company's commitment to reducing delays while maintaining transparency and quality. The service offers plot owners faster handovers and cost savings, with special festive discounts available. Founded in 2018, Brick & Bolt continues to set industry benchmarks in technology-driven, reliable construction, having completed over 7,000 homes across multiple Indian cities....
Bengaluru based proptech startup Flent secures INR 6.5 crore in pre-seed funding led by WEH Ventures
PNT Bureau
Flent, a Bengaluru-based proptech startup, has raised INR 6.5 crore in a pre-seed funding round led by WEH Ventures, with participation from notable investors such as 2 AM Ventures and various angel investors, including former Airbnb GM Sanchan S Saxena. The startup plans to use the funds to expand its core team and develop a full-stack renting platform aimed at addressing the fragmented urban rental market, valued at USD 10 billion. With strong backing and a clear vision, Flent aims to revolutionise the rental experience for both landlords and tenants....
Livspace shifts domicile to India as part of IPO plans and expansion strategy
PNT Bureau
Livspace, an Ikea-backed home decor start-up, plans to shift its domicile from Singapore to India, supported by recent Indian government policy changes. The company aims for an IPO in late 2025 or early 2026. Livspace is on a INR 1,500 crore revenue run-rate for FY25 and expects to achieve positive EBITDA by March 2025. It plans to expand its store count to 200 by March, focusing on non-metro markets. Livspace is also exploring consumer brand acquisitions in home furnishings and appliances. The start-up became a unicorn in 2022, following a USD 180 million funding round at over USD 1 billion valuation....
AI startup Track3D secures USD 4.3 million seed funding round led by Endiya Partners
PNT Bureau
Track3D, a cutting-edge technology platform for the construction sector, has secured USD 4.3 million in seed funding led by Endiya Partners, with additional investments from Shadow Ventures, Monta Vista Capital, and others. This funding will enhance Track3D's AI-powered reality capture data platform, designed for advanced construction progress monitoring. Co-founded by Chaitanya Naredla, Kiran Gutta, and Vineeth Paruchuri, Track3D offers a unique 'AI-first reality intelligence' solution that transforms raw visual data into actionable insights using drones, 360 cameras, laser scanners, and mobile devices. The platform has improved productivity by 15%, adherence to schedules by 12%, and reduced rework costs by 20%....
Proptech startup HouseEazy raises USD 7 million in Series A funding
PNT Bureau
Delhi-based property technology startup HouseEazy has raised USD 7 million in Series A funding led by Chiratae Ventures, with participation from Alteria Capital and existing investor Antler. The company plans to use the funds to drive growth in new National Capital Region (NCR) geographies, expand its footprint, enhance its products, and support team expansion. With a presence in Noida, Ghaziabad, and Gurgaon, HouseEazy aims to further expand its reach to cities like Pune, Mumbai, and Bengaluru. HouseEazy's platform utilizes machine learning to provide real-time pricing for sellers, enabling instant transactions at optimal prices, and offers comprehensive services for real estate resale needs....
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