11 Nov 2023

Mindspace Business Parks REIT is revolutionising commercial real estate with the launch of its Infrastructure Monitoring & Operations Centre (IMOC). IMOC offers centralised control and real-time analytics for Mechanical, Electrical, and Plumbing (MEP) utilities, enhancing energy and water efficiency while improving occupant experience. Implemented in key projects in Mumbai, Pune, and Hyderabad, IMOC streamlines operations, optimises man-hours, reduces downtime, and extends infrastructure life cycles. This aligns with Mindspace Business Park REIT's sustainability goals, already meeting global Green Building standards, further emphasising the importance of operational energy efficiency in commercial real estate.Read more

10 Nov 2023

Square Yards, a prominent real estate platform, celebrates a significant milestone as its asset management division, PropsAMC, which has successfully helped over 300 homebuyers reclaim Rs 100 crore in contentious legal battles with developers. This achievement underscores Square Yards' dedication to safeguarding their clients' investments. Recognizing the challenges faced by homebuyers in complex legal disputes, PropsAMC established legal services to address these issues, along with property tax conflicts and owner disputes. The division's impact extends to digitizing 20 million property registration records, empowering users with valuable information for informed real estate decisions.Read more

02 Nov 2023

Mahindra Lifespaces Developers Limited (MLDL) has revolutionised the real estate industry by launching India's first home-buying experience in the Metaverse. This pioneering initiative was introduced through a spectacular drone show in Pune, unveiling Mahindra Citadel's Phase 2, Bastion. The immersive Metaverse experience allows prospective buyers to explore, interact and customise their future homes, marking a significant leap in real estate innovation. MLDL's commitment to pushing technological boundaries and enhancing customer experience positions it as a trailblazer in the real estate sector.Read more

01 Nov 2023

Qdesq, an innovative coworking start-up, has secured undisclosed funding from venture capital firm Gruhas amid rising demand for flexible office spaces in India. Qdesq stands out with its tech-enabled coworking solutions and introduced Qudify, a cutting-edge SaaS platform, further enhancing its appeal. With a vast network spanning 4,300 centres across 100 cities and a monthly run rate of 6,500 desk reservations, Qdesq is a key player in India's coworking landscape. The recent funding will fuel its growth, enabling the company to expand its team and enhance its technological capabilities.Read more

27 Oct 2023

Aurum PropTech has reported a net consolidated loss after tax of Rs 23.89 crore for the quarter ending on September 30, 2023, in contrast to a loss of Rs 10.82 crore in the corresponding quarter of the previous fiscal year. However, the company displayed robust growth in net consolidated total income, with Q2 FY24 witnessing a substantial income of Rs 57.53 crore, marking an 86.54% increase from the same quarter in the previous year. The company's Executive Director, Onkar Shetye, highlighted a significant reduction in losses incurred by NestAway, putting them on track to break even by the end of this financial year.Read more

18 Oct 2023

Blox, an AI-driven proptech firm, is in the final stages of acquiring a majority stake in Justo, a mandate brokerage company in Maharashtra valued at Rs 350 crore. The transaction will combine cash and stock. This acquisition holds great significance in India's real estate and proptech sectors, where both Blox and Justo have annual mandate businesses of around Rs 3,500 crore. The move is expected to fortify Blox's position as a premier proptech enterprise in India, propelling its consolidated gross merchandise value to nearly Rs 8,000 crore. This strategic shift showcases the transformative impact of proptech on the traditional real estate landscape.Read more

13 Oct 2023

Kerala unveiled its first 3D-printed building, the 380-square-foot AMAZE-28, at the KESNIK campus. This ground breaking achievement, completed in just 28 days, heralds a new era in construction technology. Chennai-based start-up Tvasta, in collaboration with KESNIK, brought this architectural marvel to life, fusing traditional and 3D printing methods. The integration of both techniques showcases 3D printing's adaptability and opens the door to widespread implementation in construction, promising efficiency and creative design possibilities. This project is a testament to the unceasing quest for innovation in the construction industry.Read more

11 Oct 2023

Colliers, a renowned real estate advisory services company, is making significant strides in the technology sector with its AI-enabled platform, CoGence. This innovative tool is designed to identify construction site anomalies and generate precise quality reports, delivering impressive results such as a 79% reduction in project delays, 91% early defect detection, and a remarkable 91% reduction in on-site visits and monitoring costs. CoGence's accuracy rate of 99.9% sets it apart, allowing users to integrate as-built models with Autodesk products like AutoCAD and Revit. Colliers' commitment to innovation is evident in its investment in tech platforms, making CoGence a gamechanger in the construction industry, increasing efficiency, and driving progress in real estate.Read more

06 Oct 2023

Gruhas Fund, DLF Family Office, and Anthill Ventures have unveiled the second cohort of their proptech accelerator program, Gruhas Aspire. This initiative supports six selected startups poised to revolutionize the construction and real estate industry. These startups will receive strategic investments, expert guidance, and market access opportunities to drive innovation and sustainability in the sector. The program builds on the success of its inaugural cohort, which facilitated over INR 22 crore in capital, and aims to empower startups to navigate challenges, seize opportunities, and contribute to the growth and transformation of the proptech landscape.Read more

22 Sep 2023

Housing.com, India’s top digital real estate firm, has launched its latest brand campaign for the upcoming festive season, building on the success of its 2022 "Parr.. se Perfect" campaign. The new campaign focuses on property owners' needs and challenges in finding genuine buyers or tenants. Housing.com introduces the Housing Assist service to simplify the process by providing verified, price-matched, and ready buyers and tenants. With four new ads and a targeted reach of over 100 million, the campaign employs humour and impactful storytelling across TV, digital, and OTT platforms.Read more