28 Dec 2023

Uttar Pradesh is set to launch India's inaugural AI city in Lucknow, spread across 40-acres in the Nadarganj Industrial Area. An Expression of Interest has been extended to real estate developers, promising financial incentives like Capex support and stamp duty exemption. The AI city aims to integrate advanced technology, research centres, and educational institutions, fostering an ecosystem conducive to AI and MedTech. The plan envisions plug-and-play infrastructure, premium Grade- A office spaces, a mix of housing options, and AI-driven internal transport, aligning with a walk-to-work model and dedicated spaces for academic collaboration.Read more

27 Dec 2023

HouseEazy, a proptech specializing in home resale, secured a significant $1 million seed funding from investors including Antler, India Accelerator, and industry leaders like Pirojsha Godrej and Sandeep Aggarwal. The funds will fuel HouseEazy's mission to bring trust, transparency, and efficiency to secondary real estate transactions through a data-driven technological platform. The surge in proptech funding, totaling $4 billion since 2009, reflects the industry's accelerated integration of technology. Notable proptech ventures securing funding include NoBroker.com, Reloy, Property Pistol, Landeed, and newcomers Crib and Settl., highlighting the sector's dynamic growth and transformative potential.Read more

23 Dec 2023

Real estate firm NILA Spaces is making a forward-looking move by investing $1 million in its innovative VisionX Program, aimed at supporting early-stage prop-tech start-ups in India. Managed by Awfficacy Capital, the 12-week rolling accelerator program provides financial backing and essential phases like business planning, strategy development, and market research. Participants receive personalized mentorship, access to the prop-tech network, and immersive sessions on business development. The program focuses on scalability and explores technological advancements in real estate. The initiative aims to shape the future of the prop-tech sector in India through comprehensive support and a focus on sustainability.Read more

20 Dec 2023

The Uttar Pradesh Electronics Corporation Limited (UPECL) is developing an Illegal Land Use Detection Notification System (ILDNS) for Meerut, aimed at curbing unauthorized land use. Through a common portal, ILDNS will streamline 13 processes, including property registration, lottery draws, and e-auctions. It encompasses user management, finance systems, parole management, and more, fostering transparency and digitization within the Meerut Development Authority (MDA). The ILDNS initiative, backed by cloud housing and cybersecurity measures, is set to enhance workflow management, fortify MDA's processes, and set the stage for comprehensive digitization across various modules, bringing transparency and efficiency to land-use operations in Meerut.Read more

19 Dec 2023

Assetmonk has introduced its latest venture, AM Whitefield, offering retail investors the chance to participate in Bengaluru's Grade A commercial property landscape. Developed by the Brigade Group, this LEED-certified property is situated within Brigade Tech Park in Whitefield, covering an entire floor, spanning 32,300 square feet, and featuring 31 leased car parking spots. The property is currently occupied by a leading American multinational. With a targeted internal rate of return (IRR) of 16%, an initial rental yield of 8.50%, and a capital multiplier of 1.8 over 4-6 years, AM Whitefield aims to be a significant investment opportunity through its fractional ownership model.Read more

14 Dec 2023

Alok Kumar Singh, head of Rushmore Estates, and Prabhat Kumar Tiwary, leading YourOwnROOM, have formalized a $4 million collaboration. The partnership aims to construct studio pads in Bangalore, catering to the demand for high-quality residences for young professionals. Over the next 5-7 years, they plan to develop 8–10 projects with 7,500–10,000 units. The first project in Sarjapur, valued at Rs 200 crore, comprises 630 units and is set for phased possession in April 2025. YourOwnROOM will serve as the exclusive rental and property management partner for the project, expecting a total rental value of Rs 34 crore over 5 years.Read more

12 Dec 2023

Pune-based Naiknavare Developers, known for community-centric projects, introduces India's first tech-assisted senior living homes in Talegaon. With 60 smart home units, the Kutumb project offers 2 & 3 BHK options, duplex houses, and townhouses. Developed in partnership with Primus, it features senior-friendly smart tech, including Alexa-controlled devices. The 16-acre site provides a tranquil environment with healthcare, leisure, and entertainment services. The project caters to diverse lifestyle needs, emphasizing healthy aging. Naiknavare aims to enhance its real estate portfolio with quality, affordable, and holistic senior living homes, addressing evolving demands in the senior care category.Read more

09 Dec 2023

Housing.com, a prominent real estate platform in India, introduces an AI-driven price trend engine employing machine learning and artificial intelligence to furnish users with vital pricing data and insights for property transactions. Initially available in Mumbai, Gurugram, Bengaluru, and Hyderabad, the tool utilizes a proprietary algorithm to analyse current market prices and price movements over the past 2-3 years. This innovative feature enhances user decision-making by offering in-depth insights into specific neighbourhoods, facilitating informed choices in property transactions.Read more

02 Dec 2023

The Goa State Urban Development Agency (GSUDA) is prioritizing sustainable development through 3D-based urban planning. Addressing challenges like traffic congestion and resource mismanagement, GSUDA has invited firms to express interest in providing a 3D application for urban planning. The 3DCity Platform aims to simulate scenarios such as green energy potential, traffic solutions, new infrastructure, and security measures. GSUDA aims to integrate technology seamlessly with the urban landscape, becoming a model for sustainable development and innovation. The platform will assess air quality, flood levels, sound pollution, and security coverage, fostering efficient resource management for a smarter future.Read more

17 Nov 2023

Livsyt, a real estate platform in India, has secured $2.5 million in funding from Silicon Valley Quad and Inventus Cap. Livsyt simplifies the home buying and selling process using artificial intelligence, providing users with an integrated platform for exploring homes, negotiating, and handling paperwork. The funding is seen as a significant boost, indicating confidence in Livsyt's approach to revolutionizing the real estate market in India. The platform collaborates with top developers and brokers, aiming to expand its presence in Indian cities. The investment serves as a vote of confidence in Livsyt's potential to bring positive change to the real estate sector.Read more