<div class="cnl-sub-wrapper">
  <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
  <p class="cnl-content-heading">
    <a
      href="https://entrackr.com/2024/08/exclusive-proptech-startup-houseeazy-raises-4-mn-in-series-a/"
      target="_blank"
      class="cnl-content-heading"
    >
      PropTech startup HouseEazy raises $7 Mn in Series A
    </a>
  </p>
  <p class="cnl-content">
    HouseEazy, a full stack marketplace for resale homes, has raised $7 Mn. in
    Series A funding. This round was a mix of equity and debt led by Chiratae
    Ventures and saw participation from Alteria Capital and existing investor
    Antler.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://www.livemint.com/market/ipo/smartworks-coworking-spaces-files-drhp-with-sebi-to-raise-funds-via-ipo-check-details-11723801362905.html"
      target="_blank"
      class="cnl-content-heading"
    >
      Smartworks Coworking Spaces files DRHP with SEBI to raise funds via IPO
    </a>
  </p>
  <p class="cnl-content">
    The DRHP states that the proposed initial share sale consists of an offer
    for sale (OFS) by promoters of 67.59 lakh shares and a new issue of equity
    shares valued at ₹550 Cr..
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://www.msn.com/en-in/money/news/proptech-startup-truva-bags-3-million-in-funding-round-led-by-stellaris-venture-partners/ar-AA1oCIVi?ocid=winp2fptaskbar&cvid=ec5a4de5c2344d53c7bf8bac3e2c8c54&ei=20"
      target="_blank"
      class="cnl-content-heading"
    >
      PropTech startup Truva bags $3 Mn. in funding round led by Stellaris
      Venture Partners
    </a>
  </p>
  <p class="cnl-content">
    The funds will be used for team expansion, product enhancement, raising debt
    for working capital, and scaling operations.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/student-housing-company-the-hive-hostels-raises-rs-11-5-crore-in-pre-ipo-funding/articleshow/112855711.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Student housing company The Hive Hostels raises Rs 11.5 Cr. in pre-IPO
      funding
    </a>
  </p>
  <p class="cnl-content">
    This funding round featured participation from Shriram Madhav Nene, Anmol
    Sood, Sahil Vachani, Managing Director and CEO of Max Estates, and Rohit
    Kothari’s Anchorage Capital Fund.
  </p>

  <h2 class="cnl-section-heading">MARKET MOVERS</h2>

  <p class="cnl-content-heading">
    <a
      href="https://www.moneycontrol.com/news/business/real-estate/fractional-ownership-platform-hbits-to-list-first-sm-reit-by-q3-applies-for-licence-12807729.html"
      target="_blank"
      class="cnl-content-heading"
    >
      Fractional ownership platform hBits to list first SM REIT by Q3, applies
      for licence
    </a>
  </p>
  <p class="cnl-content">
    The company is focussed on acquiring properties in premium locations across
    the country, targeting sectors such as premium office spaces, warehouses,
    and data centres among others.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://www.india.com/technology/zostel-founders-launch-zo-world-an-innovative-techno-optimistic-clubhouse-with-fractional-ownership-model-in-bangalore-7166023/"
      target="_blank"
      class="cnl-content-heading"
    >
      Zostel Founders Launch ‘Zo World,’ an Innovative Techno-Optimistic
      Clubhouse with Fractional Ownership Model in Bangalore
    </a>
  </p>
  <p class="cnl-content">
    Zo House will offer collaborative workspaces, conference rooms, private
    lounges with digital art, a top-tier business center, serene reading areas,
    and luxury dorms designed for digital nomads and entrepreneurs.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/curated-living-bnmv-trust-partner-for-student-living-project-in-mumbais-juhu/articleshow/112858960.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Curated Living, BNMV Trust partner for student living project in Mumbai’s
      Juhu
    </a>
  </p>
  <p class="cnl-content">
    The purpose-built girls only hostel by BNMV Trust has a total of 325 beds in
    its built-up area 1 lakh sf ft and total tenure of this lease deal is 10
    years.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://entrackr.com/2024/08/square-yards-posts-rs-261-cr-revenue-in-q1-fy25-projects-rs-1500-cr-in-fy25/"
      target="_blank"
      class="cnl-content-heading"
    >
      Square Yards posts Rs 261 Cr revenue in Q1 FY25; projects Rs 1,500 Cr in
      FY25
    </a>
  </p>
  <p class="cnl-content">
    Income from financial services along with real estate services formed 83% of
    the total operating revenue for Square Yards which increased 48% and 61% YoY
    respectively. Digital services also saw an impressive growth of 145% in the
    same period.
  </p>

  <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>

  <p class="cnl-content-heading">
    <a
      href="https://www.financialexpress.com/money/co-living-3-0-redefining-community-living-for-millennials-and-gen-z-3573442/"
      target="_blank"
      class="cnl-content-heading"
    >
      Co-living 3.0: Redefining community living for millennials and Gen Z
    </a>
  </p>
  <p class="cnl-content">
    This evolving enrolment of shared living spaces is not just fulfilling the
    elementary housing needs of young Indians but also giving rise to
    communities, further growth in persons, and embracing sustainability
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/technology-artificial-intelligence-reshapes-capital-allocation-in-indian-real-estate/articleshow/112448473.cms?from=mdr"
      target="_blank"
      class="cnl-content-heading"
    >
      Technology, Artificial Intelligence reshapes capital allocation in Indian
      real estate
    </a>
  </p>
  <p class="cnl-content">
    These technologies enhance transparency, reduce risks, and improve
    efficiency, providing mid-sized developers with new funding opportunities.
    This transformation ensures better financial health assessments and
    efficient project management, fostering a more sustainable industry
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/digitisation-of-land-records-to-boost-investments-in-residential-projects/articleshow/112796326.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Digitisation of land records to boost investments in residential projects
    </a>
  </p>
  <p class="cnl-content">
    Digitisation of land records using GIS (geographic information system)
    technology is set to streamline land acquisition and attract investment in
    the resurgent real estate sector
  </p>

  <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>

  <p class="cnl-content-heading">
    <a
      href="https://www.mid-day.com/amp/buzz/article/nestaways-community-event-bringing-tenants-together-for-a-better-living-experience-2071"
      target="_blank"
      class="cnl-content-heading"
    >
      Nestaway's Community Event: Bringing Tenants Together for a Better Living
      Experience
    </a>
  </p>
  <p class="cnl-content">
    Nestaway has redefined the rental experience by fostering connections that
    create a true sense of belonging. Tenants are no longer just residents; they
    become part of a vibrant community where they can grow, learn, and support
    one another.
  </p>
</div>


PropTech Radar - 31st Aug 2024, Your Fortnightly Insight into the world of PropTech

<div class="cnl-sub-wrapper">
  <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
  <p class="cnl-content-heading">
    <a
      href="https://inc42.com/buzz/infra-market-bags-inr-185-cr-debt-funding-from-yubi-samunnati-others/"
      target="_blank"
      class="cnl-content-heading"
    >
      Infra.Market Bags INR 185 Cr Debt Funding From Yubi, Samunnati, Others
    </a>
  </p>
  <p class="cnl-content">
    In FY23, Infra.Market's net profits dropped 17% to INR 155.2 Cr, with
    operating revenue rising sharply by 90% to INR 11,846.5 Cr. Yubi and IKF
    Home Finance invested INR 80 Cr and INR 40 Cr in a B2B ecommerce startup
    seeking INR 500 Cr in debt this year.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://entrackr.com/2024/07/jugyah-raises-1-5-mn-led-by-white-venture-capital-qed-and-others/"
      target="_blank"
      class="cnl-content-heading"
    >
      Jugyah raises $1.5 Mn led by White Venture Capital, QED and others
    </a>
  </p>
  <p class="cnl-content">
    Mumbai's Jugyah, founded in 2023, raised $1.5M led by White VC, QED
    Investors, and Godrej Properties. They plan local expansion with a model
    similar to Loft and Quinto Andar, featuring verified listings, virtual
    tours, and offline service centers in South and Navi Mumbai.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://entrackr.com/2024/07/oyo-raises-50-mn-from-incred-at-2-38-bn-valuation/"
      target="_blank"
      class="cnl-content-heading"
    >
      Oyo raises $50 Mn from InCred at $2.38 Bn valuation
    </a>
  </p>
  <p class="cnl-content">
    Oyo secured $50M from InCred Wealth, issuing 14,37,41,379 Series G CCPS at
    Rs 29 each. Post-allotment valuation is approximately $2.38B. Funds will
    fuel global expansion, acquisitions amid IPO delay and valuation
    adjustments.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://www.entrepreneur.com/en-in/news-and-trends/hdfc-capital-acquires-stake-in-truboard-technologies-to/476416"
      target="_blank"
      class="cnl-content-heading"
    >
      HDFC Capital Acquires Stake in Truboard Technologies to Boost Real Estate
      Innovation
    </a>
  </p>
  <p class="cnl-content">
    HDFC Capital acquires 8.5% of Truboard Technologies, enhancing tech,
    expanding market presence, and boosting infrastructure for TruGenie platform
    in real estate asset management.
  </p>

  <h2 class="cnl-section-heading">MARKET MOVERS</h2>

  <p class="cnl-content-heading">
    <a
      href="https://www.freepressjournal.in/business/magicbricks-launches-propworth-advanced-property-valuation-tool-utilizes-machine-learning-for-accurate-assessments"
      target="_blank"
      class="cnl-content-heading"
    >
      Magicbricks Launches PropWorth: Advanced Property Valuation Tool Utilizes
      Machine Learning For Accurate Assessments
    </a>
  </p>
  <p class="cnl-content">
    Magicbricks launched PropWorth, using AI and 15 years of data from 30 cities
    for accurate property valuations with a 98% accuracy rate. It assists buyers
    and sellers in making informed decisions beyond traditional valuation
    methods in India's real estate sector.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://www.uniindia.com/news/pnn/story/3224660.html"
      target="_blank"
      class="cnl-content-heading"
    >
      Ahmedabad based PropTech startup building rental ecosystem around bachelor
      housing
    </a>
  </p>
  <p class="cnl-content">
    Citynet helps in finding accommodations like sharing flats, flatmates and
    pre-occupied flats as well as sharing PGs for working professionals,
    corporate stay houses, and private flats for bachelors.
  </p>

  <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/investor-confidence-drives-indian-realty-investments-to-4-8-billion-in-h1-2024/articleshow/111513914.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Investor confidence drives Indian realty investments to $4.8 billion in H1
      2024
    </a>
  </p>
  <p class="cnl-content">
    Indian real estate attracted $4.8B in institutional investments in H1 2024,
    up 81% from 2023. With 40 deals, strong investor confidence signals robust
    economic growth and sector diversity amid global challenges.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://www.moneycontrol.com/news/business/real-estate/bengaluru-landlords-start-compromising-on-apartment-rents-as-techies-move-away-from-it-corridors-12765857.html"
      target="_blank"
      class="cnl-content-heading"
    >
      Bengaluru landlords start compromising on apartment rents as techies move
      away from IT corridors
    </a>
  </p>
  <p class="cnl-content">
    In Q2 2024, Bengaluru's rental market shows a 15-20% YoY decrease in IT
    suburb rents like Whitefield. Tech professionals are moving to outskirts
    like Sarjapura for more affordable options, with a 3BHK available for Rs
    38,000 compared to Rs 35,000-40,000 for 2BHKs in prime areas.
  </p>
</div>


PropTech  Radar - 15th July 2024, Your Fortnightly Insight into the world of PropTech

<div class="cnl-sub-wrapper">
  <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
  <p class="cnl-content-heading">
    <a
      href="https://inc42.com/buzz/proptech-startup-landeed-to-boost-product-portfolio-with-backing-from-paradigm-shift-vc/"
      target="_blank"
      class="cnl-content-heading"
    >
      PropTech startup Landeed to boost product portfolio with backing 
      from Paradigm Shift VC
    </a>
  </p>
  <p class="cnl-content">
  The proceeds will be used to increase Landeed’s product line and further enhance its 
expansion of workforce to support its growing expansion both domestically and 
internationally
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/flexible-workspace-operator-smartworks-raises-rs-168-crore/articleshow/111305876.cms?from=mdr"
      target="_blank"
      class="cnl-content-heading"
    >
      Flexible workspace operator Smartworks raises Rs 168 Cr.
    </a>
  </p>
  <p class="cnl-content">
  Capital from the latest fund raising will be used for the growth and expansion of the tbusiness 
  of the company and to meet its general corporate expenses.
  </p>
  <h2 class="cnl-section-heading">MARKET MOVERS</h2>

  <p class="cnl-content-heading">
    <a
      href="https://entrackr.com/2024/07/nobroker-in-fy23-op-revenue-grows-87-to-rs-609-cr-losses-up-by-64/"
      target="_blank"
      class="cnl-content-heading"
    >
     NoBroker in FY23: Op revenue grows 87% to Rs 609 Cr; losses up by 64%
    </a>
  </p>
  <p class="cnl-content">
  As per the financial statements for FY23, filed nearly 15 months after the end of the year, 
  total expenditure rose 75% year-on-year to INR 1,189.7 Cr during the year.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/awfis-plans-to-raise-seats-by-50-in-fy25/articleshow/111387115.cms"
      target="_blank"
      class="cnl-content-heading"
    >
     Awfis plans to raise seats by 50% in FY25
    </a>
  </p>
  <p class="cnl-content">
  Awfis Space Solutions is targeting a 50% expansion of its portfolio to reach 135,000 seats 
  by the end of the current fiscal year, with managed office space accounting for the bulk of it.
  </p>

  <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/mumbai-property-market-sets-yet-another-benchmark-records-best-ever-june/articleshow/111364899.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Mumbai property market sets yet another benchmark, records best-ever 
      June registrations
    </a>
  </p>
  <p class="cnl-content">
  Mumbai witnessed 11,538 property registrations during the month, an increase of 
12% Y-o-Y. This upsurge is being attributed to economic growth and a favourable 
sentiment towards homeownership.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/residential-rentals-settles-down-across-key-cities-as-more-supply-hit-the-market/articleshow/111078168.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Residential rentals settles down across key cities as more supply hit the market
    </a>
  </p>
  <p class="cnl-content">
  Though the rentals are still growing, rate of growth has slowed down during 
April-June quarter with cities reporting 2-4% growth in comparison to 4-9% growth 
in the previous quarter.
  </p>

  <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>

  <p class="cnl-content-heading">
    <a
      href="https://www.indiatoday.in/impact-feature/story/enjoy-seamless-rental-property-navigation-with-nestaway-2558221-2024-06-26"
      target="_blank"
      class="cnl-content-heading"
    >
     Nestaway is set to revolutionize the rental housing industry by simplifying 
     the browsing experience
    </a>
  </p>
  <p class="cnl-content">
  This digital transformation emphasizes Nestaway's commitment to enhancing the user 
  experience and adapting to the evolving needs of modern housing renters.
  </p>
</div>


PropTech Radar - 30th June 2024, Your Fortnightly Insight into the world of PropTech

<div class="cnl-sub-wrapper">
  <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
  <p class="cnl-content-heading">
    <a
      href="https://entrackr.com/2024/05/exclusive-stanza-living-raises-13-mn-led-by-alpha-wave/"
      target="_blank"
      class="cnl-content-heading"
    >
      Stanza Living raises $13 Mn. led by Alpha Wave
    </a>
  </p>
  <p class="cnl-content">
    Stanza Living raised Rs 110 Cr. in a bridge round led by Alpha Wave, valuing
    it at Rs 3,900 Cr. with significant revenue growth despite rising losses.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://entrackr.com/2024/05/infra-market-raises-50-mn-from-mars-unicorn-fund-2/"
      target="_blank"
      class="cnl-content-heading"
    >
      Infra Market raises $50 Mn. from Mars Unicorn Fund
    </a>
  </p>
  <p class="cnl-content">
    Infra Market raised $50 Mn. from MARS Unicorn Fund, totalling $100 Mn. in
    investments, and is valued at $2.5 billion. It targets the $140 billion
    construction materials market and operates in 16 Indian states and
    internationally.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/proptech-investment-reaches-4-6-billion-since-last-decade/articleshow/110758456.cms?from=mdr"
      target="_blank"
      class="cnl-content-heading"
    >
      PropTech investment reaches $4.6 Billion since last decade
    </a>
  </p>
  <p class="cnl-content">
    PropTech firms attracted $4.6 billion since FY 2011, with $657 Mn. in FY
    2024, slightly down from $683 Mn. in FY 2023. Shared economy and
    construction tech led investments.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://thearcweb.com/article/oyo-approaches-family-offices-for-its-down-round-wiumTxI8De6CrGdy"
      target="_blank"
      class="cnl-content-heading"
    >
      Oyo approaches family offices for its down round
    </a>
  </p>
  <p class="cnl-content">
    Oyo is raising $80-90 Mn. from family offices via InCred at a $2.3 billion
    valuation to repay debt and grow. It closed FY24 with $700 Mn. in revenue
    and $110 Mn. adjusted EBITDA.
  </p>

  <h2 class="cnl-section-heading">MARKET MOVERS</h2>

  <p class="cnl-content-heading">
    <a
      href="https://www.moneycontrol.com/news/business/embassy-group-hospitality-firm-olive-clocks-76-revenue-growth-in-fy24-to-rs-51-cr-12744929.html#goog_rewarded"
      target="_blank"
      class="cnl-content-heading"
    >
      Embassy Group hospitality firm Olive clocks 76% revenue growth in FY24 to
      Rs 51 Cr.
    </a>
  </p>
  <p class="cnl-content">
    Olive, a hospitality startup by Embassy Group, increased revenue by 76% to
    Rs 51 Cr. in FY 2023-24. At present, Olive has 55 co-living centres and
    hotel properties, signed and operational, in Bengaluru, Mumbai and Goa.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/strata-applies-for-sm-reits-license-to-broaden-fractional-ownership-platform/articleshow/110210380.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Strata to apply for SM REITs license to broaden fractional ownership
      platform
    </a>
  </p>
  <p class="cnl-content">
    Strata, India's top CRE investment platform, seeks an SM REITs license to
    target Rs 2000 Cr. AUM by FY25, leveraging SEBI's new FOP model to boost
    investor trust and democratize CRE investment.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/strata-applies-for-sm-reits-license-to-broaden-fractional-ownership-platform/articleshow/110210380.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Chennai-based co-living startup Truliv on expansion spree, to foray into
      new marketsorm
    </a>
  </p>
  <p class="cnl-content">
    Chennai-based Truliv plans to add 3,500 beds in FY 2024-25 and expand to
    Hyderabad, Pune, and Bengaluru. It currently operates 3,000 beds and leases
    all properties.
  </p>

  <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>

  <p class="cnl-content-heading">
    <a
      href="https://www.hindustantimes.com/real-estate/mumbai-delhi-ncr-and-bengaluru-account-for-almost-70-of-sm-reit-worthy-assets-across-top-seven-cities-101716982962893.html"
      target="_blank"
      class="cnl-content-heading"
    >
      Mumbai, Delhi NCR, and Bengaluru account for almost 70% of SM REIT-worthy
      assets across top seven cities
    </a>
  </p>
  <p class="cnl-content">
    Over 328 Mn. sq. ft of office assets, valued at $48 billion, are SM
    REIT-worthy, with Mumbai, Delhi NCR, and Bengaluru leading, representing 73%
    of these assets in India's top seven cities.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://yourstory.com/2024/05/navigating-regulatory-challenges-and-market-barriers-proptech-startup"
      target="_blank"
      class="cnl-content-heading"
    >
      Navigating regulatory challenges and market barriers in scaling PropTech
      startups
    </a>
  </p>
  <p class="cnl-content">
    PropTech ventures in India navigate complex regulations and high customer
    acquisition costs. Innovators like MagicBricks, 99acres, NoBroker, and
    Nestaway leverage fintech and tech-driven solutions to address these
    challenges.
  </p>

  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/india-will-need-to-build-100-million-homes-this-decade-amid-rising-household-incomes/articleshow/110952725.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      India will need to build 100 Mn. homes this decade amid rising household
      incomes
    </a>
  </p>
  <p class="cnl-content">
    Indian home builders need to construct 100 Mn. new units this decade due to
    surging demand from rising incomes. Macrotech Developers achieved record
    sales in 2023 and plans expansion in Bengaluru and Pune to meet demand.
  </p>
</div>


PropTech  Radar - 15th June 2024, Your Fortnightly Insight into the world of PropTech

<div class="cnl-sub-wrapper">
  <h2 class="cnl-section-heading">MARKET MOVERS</h2>
  <p class="cnl-content-heading">
    <a
      href="https://yourstory.com/2024/05/b2b-nobroker-ai-model-convozen-insights-customer-interactions"
      target="_blank"
      class="cnl-content-heading"
    >
      How NoBroker's in-built AI model Convozen leverages insights from customer
      interactions
    </a>
  </p>
  <p class="cnl-content">
    The AI-driven conversational intelligence platform provides insights from
    customer conversations to improve a company’s overall business efficiency.
    It uses advanced machine learning (ML) models to transcribe and extract
    insights from conversations conducted in multiple languages.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/square-yards-reports-rs-1000-crore-revenue-in-fy-24/articleshow/109883072.cms?from=mdr"
      target="_blank"
      class="cnl-content-heading"
    >
      Square Yards reports Rs 1,000 crore revenue in FY24
    </a>
  </p>
  <p class="cnl-content">
    Square Yards reported robust financial performance in FY 24, achieving
    EBITDA profitability and strong revenue growth. Tanuj Shori leads the
    company with diverse revenue sources. The company targets further growth in
    FY25.
  </p>

  <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
  <p class="cnl-content-heading">
    <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/housing-prices-in-top-8-markets-rise-average-10-on-year-in-q1-report/articleshow/110171163.cms"   target="_blank"
      class="cnl-content-heading">
      Housing prices in top 8 markets rise average 10% on-year in Q1
    </a>
  </p>
  <p class="cnl-content">
    Residential real estate in top Indian cities saw a 10% average price
    increase YoY in the Jan-Mar quarter, driven by strong demand. Bengaluru,
    Delhi NCR, Ahmedabad, and Pune led with double-digit growth. Unsold
    inventory increased marginally nationally but dropped in Pune, Delhi-NCR,
    and Ahmedabad. Bengaluru and Hyderabad saw a slight dip in unsold units
    quarterly. Developers are monitoring stock and demand for new launches.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indian-senior-living-segment-to-grow-by-5x-by-2030/articleshow/110074743.cms"
      target="_blank"
      class="cnl-content-heading"
    >
      Indian senior living segment to grow by 5x by 2030
    </a>
  </p>
  <p class="cnl-content">
    According to demographic projections, the median age of the country is
    zexpected to increase from 29 to 38 by 2050, along with a rise in the
    proportion of aged people (above 60 years) from 11% in 2024 to 21% in 2050.
    India, in particular, is expected to witness a significant surge in demand
    for senior care and housing facilities, owing to its 17% share of the 2.1
    billion people aged 60 years and above globally, in the next three decades.
  </p>
  <p class="cnl-content-heading">
    <a
      href="https://realty.economictimes.indiatimes.com/news/commercial/sm-reit-to-create-monetisation-opportunity-of-rs-70000-crore-icra/109794279?utm_source=whatsapp_web&utm_medium=social&utm_campaign=socialsharebuttons"
      target="_blank"
      class="cnl-content-heading"
    >
      SM-REIT to create monetisation opportunity of Rs 70,000 crore
    </a>
  </p>
  <p class="cnl-content">
    Small And Medium REITs: In November last year, the Sebi board cleared the
    amendments to the REITs Regulations, 2014, in order to create a regulatory
    framework for the facilitation of SM REITs, with an asset value of at least
    Rs 50 crore vis-a-vis minimum asset value of Rs 500 crore for existing
    REITs.
  </p>

  <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
  <p class="cnl-content-heading">
    <a
      href="https://www.livemint.com/market/stock-market-news/aurum-proptech-share-price-dart-initiates-coverage-on-the-stock-with-buy-sees-over-68-upside-5-key-reasons-why-11715675540128.html"
      target="_blank"
      class="cnl-content-heading"
    >
      Aurum PropTech : DART initiates coverage on the stock with 'BUY', sees
      over 68% upside
    </a>
  </p>
  <p class="cnl-content">
    Aurum PropTech's stock has gained 29% in the last year and has diverse
    revenue streams for growth. It is a turnaround specialist in the rental
    space, expected to achieve positive PAT in FY27E with improving margins and
    strong cash flow projections.
  </p>
</div>


PropTech Radar - 15th May 2024, Your Fortnightly Insight into the world of PropTech


  <div class="cnl-sub-wrapper">
    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
    <p class="cnl-content-heading">
      <a
        href="https://thearcweb.com/article/embassy-virwani-wework-jv-adam-neumann-0h8E67zCmVDCVWT6"
        target="_blank"
        class="cnl-content-heading"
      >
      Embassy to buy WeWork's stake in India joint venture
      </a>
    </p>
    <p class="cnl-content">
      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.
    </p>
    <p class="cnl-content-heading">
      <a
        href="https://www.livemint.com/industry/niche-funds-are-rising-from-prop-tech-to-media-11713343179651.html"
        target="_blank"
        class="cnl-content-heading"
      >
      Niche funds are rising, from prop-tech to media
      </a>
    </p>
    <p class="cnl-content">
      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.
    </p>
    <h2 class="cnl-section-heading">MARKET MOVERS</h2>


    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/co-living-operator-settl-to-reach-8000-beds-in-fy-25/articleshow/109722874.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      Co-living operator Settl to reach 8,000 beds in FY25
      </a>
    </p>
    <p class="cnl-content">
      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.
    </p>

    <p class="cnl-content-heading">
      <a
        href="https://www.apnnews.com/proptech-startup-reloy-unveils-connectre-4-0-targeting-rs-3500-crore-in-referral-sales-in-fy25/"
        target="_blank"
        class="cnl-content-heading"
      >
      PropTech Startup Reloy Unveils Connectre 4.0, Targeting Rs 3500 Crore in Referral Sales in FY25

      </a>
    </p>
    <p class="cnl-content">
      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.

    </p>
   

    <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>

    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/fractional-ownership-is-expected-to-list-over-rs-4000-crore-worth-of-existing-aum-over-the-next-2-3-years/articleshow/109718560.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      Fractional ownership is expected to list over Rs 4,000 crore worth of existing AUM over the next 2-3 years
      </a>
    </p>
    <p class="cnl-content">
      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 fraction ownership platforma (FOPs) like Strata, hBits PropertyShare, Assetmonk, 
      Alyf, YOURS and WiseX dealing in real estate assets. 
    </p>

    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/luxury-housing-sale-reports-10-growth-during-jan-mach-2024/articleshow/109721408.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      Luxury housing sale reports 10% growth during Jan-Mach 2024
      </a>
    </p>
    <p class="cnl-content">
      Luxury segment housing in top cities grows 10% Y-o-Y, Mumbai leads. Anshuman Magazine 
cites robust fundamentals. Gurgaon emerges as luxury market with eco-friendly features. 
Jubilee Hills sees luxury demand.
    </p>

    
   

    <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>

    <p class="cnl-content-heading">
      <a
        href="https://www.zeebiz.com/real-estate/news-real-estate-update-survey-shows-64-hni-investors-prefer-fractional-ownership-investment-model-in-commercial-real-estate-what-is-fractional-ownership-explained-286894"
        target="_blank"
        class="cnl-content-heading"
      >
      Survey shows 64% HNI investors prefer fractional ownership investment model in commercial real estate | Fractional ownership explained
      </a>
    </p>
    <p class="cnl-content">
      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
    </p>
    
  </div>

PropTech  Radar - 30th April 2024, Fortnightly Insight into the world of PropTech


  <div class="cnl-sub-wrapper">
    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
    <p class="cnl-content-heading">
      <a
        href="https://inc42.com/buzz/arrivae-raises-inr-21-cr-from-mithun-sacheti-to-offer-interior-design-solutions/"
        target="_blank"
        class="cnl-content-heading"
      >
      Arrivae Raises INR 21 Cr From Mithun Sacheti To Offer Interior Design Solutions
      </a>
    </p>
    <p class="cnl-content">
      Founded in 2018 by Yash Kela, Arrivae offers end-to-end and design-to-manufacturing home 
interior offerings. The fresh proceeds will be used to expand its distribution, penetrate deeper 
into existing markets and boost supply chain.
    </p>
    <p class="cnl-content-heading">
      <a
        href="https://www.moneycontrol.com/news/technology/livspace-in-talks-to-raise-25-million-from-existing-investor-kkr-in-down-round-12593211.html"
        target="_blank"
        class="cnl-content-heading"
      >
      Livspace in talks to raise $25 million from existing investor KKR
      </a>
    </p>
    <p class="cnl-content">
      Livspace is likely to be valued at around $700 Mn. during the ongoing negotiations. The 
      company, which raised $180 Mn. in February 2022 from KKR and others, was last valued 
      at $1.2 billion, but may see its valuation reduce.
    </p>
    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/fundraise-by-invits-reits-surges-multi-fold-to-rs-17116-cr-in-fy24-on-promising-returns/articleshow/109103666.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      Fundraise by InvITs, REIT surges multi-fold to Rs 17,116 Cr. in FY24 on promising returns  
      </a>
    </p>
    <p class="cnl-content">
      Investor interest in Infrastructure Investment Trusts (InvITs) and Real Estate Investment 
      Trusts (REITs) has surged, with fundraising hitting Rs 17,116 Cr. in 2023-24, a significant 
      increase from the previous year. The optimistic outlook for the current fiscal year FY25 is 
      driven by regulatory amendments and growing popularity.
    </p>
    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/pvt-equity-investment-in-real-estate-dips-16-pc-last-fiscal-to-usd-3-67-bn-anarock/articleshow/109304840.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      Pvt equity investment in real estate dips 16 pc last fiscal to USD 3.67 bn: Anarock
      </a>
    </p>
    <p class="cnl-content">
      Private equity funding in India's real estate sector dropped by 16% to USD 3.67 billion in 
the last fiscal year, according to Anarock. The decline is attributed to reduced interest from 
foreign investors due to global economic and geopolitical uncertainties. Domestic investors' 
share in real estate investments increased to 29%, up from 24% the previous year. The office 
segment dominated PE transactions, with the GIC-Brookfield REIT deal accounting for a 
significant portion of the total transaction value.
    </p>

    <h2 class="cnl-section-heading">MARKET MOVERS</h2>


    <p class="cnl-content-heading">
      <a
        href="https://www.linkedin.com/posts/abhishekkumariima_fy24-update-activity-7180817249212022786-DVET/?utm_source=share&utm_medium=member_desktop"
        target="_blank"
        class="cnl-content-heading"
      >
      MyGate crosses Rs.100cr.in revenue in FY24
      </a>
    </p>
    <p class="cnl-content">
      Abhishek Kumar, Cofounder, Mygate shared the FY24 update on LinkedIn where he highlighted 
the key achievements of MyGate in FY24. MyGate is set to double its revenue & achieve 
profitability in 2025.
    </p>

    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/devx-aims-to-double-co-working-office-portfolio-to-2-mn-sq-ft/articleshow/109276441.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      DevX aims to double co-working office portfolio to 2 mn sq ft

      </a>
    </p>
    <p class="cnl-content">
      The company currently has operational centres in key cities like Mumbai, Pune, Hyderabad, 
Noida, Raipur, Jaipur and Ahmedabad. Last week, it set up a new co-working centre spread 
over 25,000 sq ft with 300 seats in Udaipur   
    </p>
    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/ascott-plans-to-enter-co-living-space-in-india/articleshow/109112903.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      
Ascott plans to enter co-living space in India
      </a>
    </p>
    <p class="cnl-content">
      Ascott, a Singaporean hospitality brand under CapitaLand Investment, aims to venture into 
      India's co-living sector alongside its expansion of serviced apartment offerings in the country. 
      Vincent Miccolis, Ascott's Managing Director for Middle East, Africa, Turkey & India, said Ascott 
      eyes Delhi as an ideal market for its co-living concept.
    </p>

    <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>

    <p class="cnl-content-heading">
      <a
        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/co-living-firms-join-hands-with-build-to-suit-property-developers-to-push-revenue/articleshow/109079851.cms"
        target="_blank"
        class="cnl-content-heading"
      >
      
Co-living firms join hands with build-to-suit property developers to push revenue
      </a>
    </p>
    <p class="cnl-content">
      The demand for co-living spaces and BTS properties has been steadily increasing, driven by 
factors such as urbanisation, increasing student and working professional populations, and 
changing lifestyle preferences
    </p>

    <p class="cnl-content-heading">
      <a
        href="https://www.business-standard.com/amp/industry/news/proptech-startups-increase-investments-as-more-people-buy-homes-online-124040100669_1.html"
        target="_blank"
        class="cnl-content-heading"
      >
      From clicks to bricks: Proptech startups ride the online home-buying wave
      </a>
    </p>
    <p class="cnl-content">
      Leading PropTech firms like Square Yards, Aurum PropTech, Spyre PropTech, and Relata.io 
      have major investment plans in the short to medium term to expand their businesses. As 
      India’s real estate industry is poised to reach $1 trillion in revenue by 2030, significantly 
      contributing to the nation’s gross domestic product, PropTech has emerged as a catalyst 
      helping drive that growth
    </p>

    <p class="cnl-content-heading">
      <a
        href="https://www.hindustantimes.com/real-estate/first-small-and-medium-reit-expected-to-be-listed-by-october-naredco-101712154616247.html"
        target="_blank"
        class="cnl-content-heading"
      >
      First small and medium REIT expected to be listed by October: Naredco

      </a>
    </p>
    <p class="cnl-content">
      Naredco said that by lowering entry barriers and offering diversification opportunities, 
SM REITs intend to attract more retail and institutional investors. 
    </p>

    <p class="cnl-content-heading">
      <a
        href="https://www.livemint.com/money/personal-finance/from-jungle-to-playground-will-sm-reits-be-safe-for-india-s-retail-investors-to-play-in-11713154595943.html"
        target="_blank"
        class="cnl-content-heading"
      >
      From jungle to playground: will SM Reits be safe for India's retail investors to play in?

      </a>
    </p>
    <p class="cnl-content">
      The Securities and Exchange Board of India (Sebi) has been closely monitoring the growth 
of fractional real estate with increasing interest and concern. In May 2023, it released a 
consultation paper on regulating these entities, followed by the final regulations in March 2024 
    </p>
    
    
 
</div>

PropTech Radar-15th April 2024, Fortnightly Insight into the world of PropTech

  <div class="cnl-sub-wrapper">
    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
    <p class="cnl-content-heading">
      <a href="https://m.economictimes.com/tech/funding/real-estate-management-platform-aeria-secures-1-8-million-in-funding-led-by-kalaari-capital/amp_articleshow/108785063.cms"
        target="_blank" class="cnl-content-heading">
        Real estate management platform Aeria secures $1.8 million in funding led by Kalaari Capital
      </a>
    </p>
    <p class="cnl-content">
      Aeria, a tenant experience and asset management platform for commercial real estate,
has raised $1.8 Mn. in pre-seed funding led by Kalaari Capital and Foundamental along
with AC Ventures, AL Trust among others. Founded by former co-founder of OxfordCaps,
Priyanka Gera accompanied by IIM alum Piyush Kateja, Aeria uses technology and AI to
transform the office buildings from a commodity to an experience.
    </p>
    <p class="cnl-content-heading">
      <a href="https://www.theweek.in/wire-updates/business/2024/03/27/dcm29-parksmart.html"
        target="_blank" class="cnl-content-heading">
        ParkSmart Secures Funding from Japanese Investors and Gruhas - Nikhil Kamath's Proptech Fund
      </a>
    </p>
    <p class="cnl-content">
      ParkSmart, a leading B2B SaaS company focused on building the largest inventory of parking
spaces by providing smart parking solutions, has announced its investment from Sin Growth
Partners led by Hiro Mashita, Gruhas PropTech, strategic angels including Rajveer Ranawat
(ex MD, AIG Direct Investments Europe) and Ameet Desai (ex Group CFO, Adani Group).
    </p>

    <p class="cnl-content-heading">
      <a href="https://www.livemint.com/companies/start-ups/360-one-backed-neoliv-raises-rs-300-crore-as-first-close-of-maiden-fund-11710419218140.html"
        target="_blank" class="cnl-content-heading">
          360 One-backed NeoLiv raises ₹300 crore as first close of maiden fund
      </a>
    </p>
    <p class="cnl-content">
      NeoLiv is exploring opportunities for plotted developments in tier II cities like Sonipat,
      Lucknow, Panipat, Jaipur, Alibaug, and Nashik, and considering villa and low-rise projects
      in Mumbai and Gurgaon.
    </p>
    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
    <p class="cnl-content-heading">
      <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/co-working-firm-315work-avenue-aims-to-double-portfolio-amid-high-demand/articleshow/108608380.cms"
        target="_blank" class="cnl-content-heading">
Co-working firm 315Work Avenue aims to double portfolio amid high demand
        
      </a>
    </p>
    <p class="cnl-content">
      It plans to expand its presence in the New Delhi & NCR and Hyderabad markets. The company
aims to have a presence across 10-12 cities in its portfolio over the next two years. It also plans to
scale up its operations in Bangalore to over 50 centers from the current presence of 30 centers.
    </p>
    <p class="cnl-content-heading">
      <a href="https://www.deccanherald.com/business/companies/india-s-first-purely-proptech-fund-garners-7-anchor-investors-2955099"
        target="_blank" class="cnl-content-heading">
        India’s first purely proptech fund garners 7 anchor investors
      </a>
    </p>
    <p class="cnl-content">
      Spyre VC is touted to be India’s first-ever PropTech focussed fund, with also a greenshoe
option of Rs 400 Cr.. It is backed by early stage startup incubator and accelerator Venture
Catalysts, consortium of realty developers Neovon and the Confederation of Real Estate
Developers' Associations of India.
    </p>
    <p class="cnl-content-heading">
      <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/alta-capital-looking-to-invest-over-1-billion-in-indias-educational-infra/articleshow/108597136.cms"
        target="_blank" class="cnl-content-heading">
Alta Capital looking to invest over $1 billion in India's educational infra
       
      </a>
    </p>
    <p class="cnl-content">
      The firm has already invested over $1 billion across warehousing, managed workspaces,
student housing and educational infrastructure businesses in less than a year of operations till
December, which also marked its purchase of education infrastructure development services
company Cappella Educore for $200 Mn.. Alta Capital had earlier acquired Goldman Sachs'
and Warburg Pincus' 100% stake in student housing platform Good Host Spaces for $320 Mn.
in the largest-ever student housing deal in the country.
    </p>

   

    <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
    <p class="cnl-content-heading">
      <a href="https://m.rediff.com/getahead/report/how-co-living-is-helping-young-millennials/20240320.htm"
        target="_blank" class="cnl-content-heading">
        How Co-living Is Helping Young Millennials
      </a>
    </p>
    <p class="cnl-content">
      Factors such as working professionals seeking better lifestyles, traditional housing challenges,
community and networking, and urban migration for jobs are driving the growth in the
co-living segment.
    </p>
    <p class="cnl-content-heading">
      <a href="https://www.livemint.com/companies/start-ups/the-pandemic-broke-co-living-s-back-startups-need-a-reset-11711634733982.html"
        target="_blank" class="cnl-content-heading">
        The Pandemic broke co-living's back. Startups need a reset
      </a>
    </p>
    <p class="cnl-content">
      Remember Oyo Living? The co-living vertical of Oyo Hotels & Rooms once had big plans but
scaled down the business in 2021. Many other startups did the same-during the pandemic,
co-living was the worst hit among all real estate sectors. Now, a revival is in the works.
    </p>

    <p class="cnl-content-heading">
      <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/pune-property-registrations-record-23-rise-in-february-stamp-duty-collection-up-20/articleshow/108682814.cms"
        target="_blank" class="cnl-content-heading">
Pune property registrations record 23% rise in February, stamp duty collection up 20%
       
      </a>
    </p>
    <p class="cnl-content">
      In February, the registration of residential units priced between Rs 50 lakhs and Rs 1 Cr.
constituted the highest proportion, accounting for 32% of all housing transactions. 
    </p>

    <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
    <p class="cnl-content-heading">
      <a href="https://firstindia.co.in/articles/unlocking-urban-living-nestaways-tech-powered-evolution"
        target="_blank" class="cnl-content-heading">
        Unlocking Urban Living: Nestaway's Tech-Powered Evolution
      </a>
    </p>
    <p class="cnl-content">
      Nestaway, a leading platform for home rentals, is excited to introduce its latest technological
upgrade aimed at improving urban rental living experiences. Understanding the changing needs
of its users, Nestaway has revamped its website's user experience (UX) and user interface (UI).
This transformation ensures that browsing through the platform is smooth and easy, setting
new standards for user-friendly design in the rental home industry.
    </p>
    
  </div>


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