Top 10 PropTech Companies Revolutionising Real Estate

PropTech: Revolutionizing the Real Estate Market

PropTech is revolutionizing the real estate market, that is a given. From how property is bought to marketing, maintaining, and selling, using PropTech is the way to go.

In this blog, we will explore the top 10 PropTech companies and startups at the forefront of this transition. We will also do a deep dive into how these tech advancements help real estate professionals, investors, and property managers.

Since it's good to get the basics right, let's start here.

What is PropTech?

“Innovation distinguishes between a leader and a follower” - Steve Jobs

In real estate, PropTech is that innovation—revolutionizing the industry from brick by brick to click by click. PropTech, short for property technology, brings together data analytics, AI, blockchain, and IoT to streamline real estate operations, making them smarter and more efficient.

Imagine a world where buying, selling, and managing property is as smooth as scrolling through your favorite app. That’s what PropTech does. It benefits every player in the game—developers, brokers, investors—by simplifying and streamlining the entire process.

Why does PropTech Matter in Today’s Real Estate Market?

Think of PropTech as the upgrade real estate has been waiting for. The industry has always been weighed down by slow processes and a lack of transparency, but not anymore. By automating tasks, offering real-time data insights, and making transactions smoother, it’s reshaping real estate into a faster, more accessible experience.

How PropTech Companies Reshape the Real Estate Industry

• Faster Transactions: Digital platforms streamline the buying and selling process, reducing delays and human errors.
• Improved Property Management Technology: Smart technologies enable seamless communication between tenants and property owners, boosting operational efficiency.
• Access to New Markets: Digital tools empower investors to explore previously untapped real estate markets, increasing investment opportunities.

Key Features of Real Estate Tech Companies

Data-Driven Decision Making

Big Data is transforming decision-making. Rather than relying solely on location and property details, companies now use alternative data like social media trends, business reviews, and online search behaviors. This shift enables hyper-local predictions about property values, buyer interests, and investment opportunities, uncovering growth potential on a granular level. Real estate tech companies like RE/MAX leverage this data to predict demand and refine strategies for everything from marketing to property pricing.

Automation and AI in Real Estate

AI and automation make PropTech startups smarter by taking over routine tasks like property searches, tenant screening, and pricing adjustments. It has reduced maintenance costs by up to 30% and improved tenant satisfaction. AI-powered chatbots handle initial customer inquiries, appointments, and viewings, freeing up time for real estate teams to prioritize high-level tasks. With predictive models, AI helps real estate tech companies forecast market trends and demand, making investment choices sharper.

Virtual Tours and Digital Transactions

With Virtual Reality (VR), potential buyers can take immersive virtual tours, exploring a property’s layout and features without being physically present. Augmented Reality (AR) goes a step further, adding interactive elements like renovation ideas or furniture placement.

Blockchain technology secures real estate transactions by creating tamper-proof, transparent records. According to a Deloitte study, blockchain streamlines everything from leasing to financing and even supports fractional ownership, making real estate investments more accessible.

On the Rise: Top 10 PropTech Companies to Watch in 2024

Aurum PropTech

• Known for: Technology-driven real estate solutions
• Website: Aurum PropTech
• Funding: $52 million
• Founding Year: 1996
• Founder: Ashish Deora
• Headquarters: Navi Mumbai
• Employee Size: 501-1,000 employees
• Investors: Aurum Ventures

What they do: Aurum PropTech is reimagining property management by integrating data, digital assets, and financial services into a single, powerful system. Designed for developers, brokers, and property managers, it improves efficiency with various tools, from real estate asset management and tenant management systems to sales enablement.

What’s in it for you:

• Make smarter investments with real-time insights into property values and trends.
• Enjoy secure, seamless transactions using blockchain-powered smart contracts.
• Cut maintenance costs with predictive tools.
• Enhance tenant satisfaction and property appeal with IoT-enabled smart home features.
• Aurum Analytica delivers AI-driven insights for smarter business decisions.
• Streamline daily management tasks and optimize operations through automation.

NoBroker

• Known for: Zero-brokerage direct owner-to-tenant property listings
• Website: NoBroker
• Funding: $430.9 million
• Founding Year: 2014
• Founders: Amit Kumar Agarwal, Akhil Gupta, Saurabh Garg
• Headquarters: Bangalore
• Employee Size: 5,000 employees
• Investors: General Atlantic, Tiger Global, Moore Strategic Ventures, Elevation Capital, Google

What they do: NoBroker is India’s first PropTech unicorn, providing a brokerage-free platform that connects you directly with homeowners, buyers, or tenants. NoBroker operates in multiple cities across India, offering a wide range of real estate services. They also offer home loans, legal services, and even packers and movers—all designed to simplify your real estate journey. Their NoBrokerHood platform is a standout feature, making life in gated communities easier with digital payments, visitor tracking, maintenance, and other essential services.

What’s in it for you:

• Avoid high brokerage fees by connecting directly with homeowners, buyers, or tenants.
• Access everything you need, from home loans to packers and movers, all in one platform.
• Manage payments, visitor tracking, and maintenance seamlessly through the NoBrokerHood app.
• Handle every part of the buying, renting, or selling process yourself, with complete transparency.

MagicBricks

• Known for: Online property listing services
• Website: MagicBricks
• Funding: $4.48 million
• Founding Year: 2006
• Founders: Sanjay Bajaj and Sudhir Wadhwa
• Headquarters: Noida
• Employee Size: 500-1,000 employees
• Investors: Times Internet

What they do: MagicBricks simplifies real estate transactions, making it easier for you to buy, sell, or rent properties. It lets you focus on what matters—finding your dream property/connecting with the right buyer.

What’s in it for you:

• Effortlessly browse or list homes with detailed descriptions, prices, and photos.
• Rent or sell your property with access to serious buyers and tenants.
• Get real-time market trends, pricing advice, and legal guidance.
• Stay updated on RERA-registered projects.
• Easily compare home loan options and secure the best deal through trusted financial partners.

NestAway

• Known for: India’s largest managed home rental network
• Website: NestAway
• Funding: $109.1 million
• Founding Year: 2015
• Founders: Jitendra Jagadev, Amarendra Sahu, Deepak Dhar, Smruti Ranjan Behera
• Headquarters: Bengaluru
• Employee Size: 1,001-5,000 employees
• Investors: Tiger Global Management, Goldman Sachs, Epiq Capital

What they do: NestAway is changing the way people rent homes by helping you easily find, book, and manage rental homes across major Indian cities—all from a user-friendly app.

What’s in it for you:

• From finding your ideal home to handling move-ins, maintenance, and even move-outs, NestAway takes care of everything for you.
• Whether you’re paying rent, or requesting maintenance, the app allows you to do it all.
• By focusing on design and tech solutions, it eliminates the usual headaches and ensures a stress-free rental experience for tenants and landlords.

Square Yards

• Known for: Integrated platform for real estate and mortgages
• Website: Square Yards
• Funding: $97.8 million
• Founding Year: 2014
• Founders: Tanuj Shori, Kanika Gupta
• Headquarters: Gurugram
• Employee Size: 5,000-10,000 employees
• Investors: ADM Capital, Reliance Venture Asset Management, Bennett Coleman & Co. Ltd (BCCL), Genkai Capital

What They Do

Square Yards integrates advanced technology with real estate expertise, which makes home buying faster and hassle-free.

What’s in it for you:

• Manage everything from property discovery to post-sale services, including financing, interior design, and rentals, in one place.
• Utilise heatmaps, 3D visualizations, and recommendation engines for a tailored property search.
• Conduct remote property viewings with embedded video conferencing.

PropTiger

• Known for: Digital real estate advisory platform
• Website: PropTiger
• Funding: $89.8M
• Founding Year: 2011
• Founders: Dhruv Agarwala, Kartik Varma, Prashan Agarwal
• Headquarters: Gurugram
• Employee Size: 501-1,000 employees
• Investors: News Corp, REA Group, SAIF Partners, Accel Partners

What They Do

PropTiger offers comprehensive, hassle-free support for anyone looking to buy property in India.

What’s in it for you:

• End-to-end personalized support from property search to home loan facilitation.
• Easy access to verified property listings.
• Personalised site visits with a dedicated relationship manager.
• Home loan support with legal and documentation help.
• Smart technology for property shortlisting.
• Real-time market insights.

Furlenco

• Known for: Online furniture and home decor rental platform
• Website: Furlenco
• Funding: $265.2 million
• Founding Year: 2012
• Founders:Ajith Mohan Karimpana
• Headquarters: Bengaluru
• Employee Size: 251-500 employees
• Investors: Zinnia Global Fund, Lightbox Ventures, CE Ventures

What They Do

Furlenco is the perfect solution for young professionals seeking flexibility and convenience without the burden of ownership. It’s a subscription-based platform and a one-stop rental solution for setting up your home just the way you want.

What’s in it for you:

• Rent all types of furniture without upfront costs.
• Flexible subscription plans that allow easy upgrades or changes to furniture as needed.
• Offers rentals for fitness equipment, gaming consoles, and home appliances.
• Provides relocation services to move rented items easily and smoothly.

Brick & Bolt

• Known for: Custom-build homes and construction platform
• Website: Brick & Bolt
• Funding: $10.6 million
• Founding Year: 2018
• Founders: Jayesh Rajpurohit, Arpit Rajpurohit
• Headquarters: Bengaluru
• Employee Size: 250-500 employees
• Investors: Accel, Celesta Capital, Sequoia Surge, HDFC Capital Advisors, Foundamental

What They Do

Brick&Bolt combines technology and construction expertise to offer a transparent and efficient platform for all your building needs.

What’s in it for you:

• Provides full design-to-build services for custom residential and commercial construction projects, ensuring high-quality and timely delivery.
• Uses advanced technology integration like BIM modeling and workflow automation for real-time project tracking with updates on quality, timelines, and costs.
• Manages complete project execution, from design and architecture to construction, material supply, quality assurance, and cost tracking.

Livspace

• Known for: End-to-end home interior solutions and renovation services
• Website:Livspace
• Funding: $431.6 million
• Founding Year: 2014
• Founders: Anuj Srivastava, Ramakant Sharma
• Headquarters: Bengaluru
• Employee Size: 3,500 employees
• Investors: KKR, Venturi Partners, Jungle Ventures, Ingka Group (IKEA), Helion Ventures, Bessemer Venture Partners

What They Do

Livspace is India’s first home design platform that provides end-to-end home interior solutions, making it easy for homeowners to design and furnish their dream homes.

What’s in it for you:

• Provides customized interior design services for the entire property
• Uses 3D visualization tools to let customers see the design before the project starts
• Manages the entire renovation process
• Ensures quality assurance by partnering with trusted vendors
• Offers a transparent pricing model
• Has a pan-India presence, offering reliable design solutions across multiple cities

Clicbrics

• Known for: Real estate property discovery platform using technology-driven solutions
• Website: Clicbrics
• Funding: Raised $3 million in funding rounds
• Founding Year: 2017
• Founders: Rohit Malik
• Headquarters: Gurugram, India
• Employee Size: 251-500 employees
• Investors: The Times Group, Ravi Bhushan (Founder)

What They Do

Clicbrics offers buyers and sellers an end-to-end, simplified, transparent property discovery and transaction experience.

What’s in it for you:

• Provides verified property listings across major cities in India
• Offers data-driven insights with real-time market trends, price evaluations, and neighborhood analysis
• Enables 3D virtual property tours for remote viewing
• Ensures transparency and trust

How PropTech Companies Impact Stakeholders

• Investors/Financiers:
  • Data-driven insights minimize risks and highlight growth opportunities
  • Blockchain-enabled smart contracts increase monetary transparency in leasing and buying
  • AI tools and CRM systems optimize resource management and communication
  • Offer Sustainable solutions at reduced costs
• Developers & Occupiers:
  • Automation reduces paperwork and administrative burden
  • AI-powered marketing enables targeted outreach and quicker sales
  • Virtual tours and digital contracts create a seamless buying experience

How Aurum PropTech is Leading the Real Estate Tech Companies

Aurum PropTech blends technology, real estate, and finance into a seamless experience. While many companies focus on one aspect of the process, Aurum PropTech takes a holistic approach, integrating property management, financial services, and digital assets into one ecosystem.

Every end user gains something unique:

• For Developers: Access real-time data for informed investment decisions, enabling better insights into property potential and demand without second-guessing.
• For Property Managers: Automated systems streamline everything from maintenance to financial reports, letting you focus on what truly matters.
• For Tenants: Enjoy the perks of IoT-enabled smart living—whether it’s submitting maintenance requests or handling bills, everything’s at your fingertips.
• For Investors: Track growth and make informed decisions with detailed analytics, giving you the power to steer your portfolio confidently as the market shifts.

Aurum PropTech is adaptable, catering to everything from luxury residences to affordable housing, making it a versatile choice across the real estate landscape. This flexibility positions Aurum as a dynamic leader in PropTech, easily meeting diverse market needs.

If you’re intrigued by how technology is transforming real estate, Aurum PropTech offers a refreshing, tech-forward approach that could change the way you navigate the industry.