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Embassy to buy WeWork's stake in India joint venture
The deal structure involves WeWork India first raising $150 Mn. for a 40% stake from three investors. This includes a secondary sale by Embassy Group.
Niche funds are rising, from prop-tech to media
In the last 6-12 months, specialized funds in sectors such as value chain systems, media tech, climate tech, STEM, and PropTech have sprung up on the back of demand from investors who are looking to make targeted bets in certain sunrise industries, several executives and fund managers told Mint.
Co-living operator Settl to reach 8,000 beds in FY25
Co-living operator Settl aims to double its capacity to 8,000 beds by FY 25, following impressive growth. With revenue climbing 100%, reaching Rs 33 Cr. by March 2024, Settl's success reflects the increasing demand for co-living spaces among young professionals in major Indian cities.
PropTech Startup Reloy Unveils Connectre 4.0, Targeting Rs 3500 Crore in Referral Sales in FY25
With the introduction of this upgraded platform, Reloy sets its sights on an ambitious goal: achieving Rs 3,500 Cr. in referral sales during the fiscal year 2024-25, with revenue of Rs 21 Cr.
SEBI has recently issued guidelines for Small and Medium Real Estate Investment Trusts (REITs), which are expected to facilitate the listing of a significant number of previously unregistered fractional ownership platforms (FOPs) like Strata, hBits, PropertyShare, Assetmonk, Alyf, YOURS, and WiseX dealing in real estate assets.
Luxury housing sale reports 10% growth during Jan-Mach 2024
Luxury segment housing in top cities grows 10% Y-o-Y, Mumbai leads. Anshuman Magazine cites robust fundamentals. Gurgaon emerges as a luxury market with eco-friendly features. Jubilee Hills sees luxury demand.
The WiseX’s Neo-Realty Survey 2024 shows that a substantial 72 per cent of HNIs prefer real estate investments, with 47 per cent utilizing PropTech platforms to make their investments and 69 per cent of HNI respondents are planning to increase their investments in real estate, indicating a positive outlook on the sector's future.
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