<div class="cnl-sub-wrapper">
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
            <div class="text-right">31st August 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">MARKET MOVERS</h2>
            <div class="text-right">31st August 2024</div>
          </div>

          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
            <div class="text-right">31st August 2024</div>
          </div>

          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
            <div class="text-right">31st August 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
        </div>
      </div>

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

  <div class="cnl-sub-wrapper">
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
            <div class="text-right">15th July 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">MARKET MOVERS</h2>
            <div class="text-right">15th July 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
            <div class="text-right">15th July 2024</div>
          </div>

          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />
            <p class="cnl-content-heading-main">
              <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>
        </div>
      </div>

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

<div class="cnl-sub-wrapper">
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
            <div class="text-right">30th June 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">MARKET MOVERS</h2>
            <div class="text-right">30th June 2024</div>
          </div>

          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
            <div class="text-right">30th June 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
            <div class="text-right">30th June 2024</div>
          </div>

          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
        </div>
      </div>

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

 <div class="cnl-sub-wrapper">
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
            <div class="text-right">15th June 2024</div>
          </div>

          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">MARKET MOVERS</h2>
            <div class="text-right">15th June 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
            <div class="text-right">15th June 2024</div>
          </div>

          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
        </div>
      </div>

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

 <div class="cnl-sub-wrapper">
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">MARKET MOVERS</h2>
            <div class="text-right">15th May 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>

        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
            <div class="text-right">15th May 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>

            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
            <hr class="custom-hr" />

            <p class="cnl-content-heading-main">
              <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>
          </div>
        </div>
        <div class="section-wrapper">
          <div class="highlight-section">
            <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
            <div class="text-right">15th May 2024</div>
          </div>
          <div class="content-wrapper">
            <p class="cnl-content-heading-main">
              <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>
        </div>
      </div>

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


<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">30th April 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">30th April 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
      <div class="text-right">30th April 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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 fractional ownership platforms (FOPs) like Strata, hBits, PropertyShare, Assetmonk, 
        Alyf, YOURS, and WiseX dealing in real estate assets.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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 a luxury market with eco-friendly features. 
        Jubilee Hills sees luxury demand.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
      <div class="text-right">30th April 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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>
  </div>
</div>


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

<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">15th April 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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 FY25 is driven by regulatory 
        amendments and growing popularity.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">15th April 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
      <div class="text-right">15th April 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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 to expand. PropTech has emerged as a catalyst in driving the 
        real estate industry's growth towards a projected $1 trillion by 2030.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main


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

<div class="cnl-sub-wrapper">
  
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">31st March 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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 office buildings from a commodity to an experience.
      </p>
      <hr class="custom-hr" />
      
      <p class="cnl-content-heading-main">
        <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, and strategic angels including Rajveer Ranawat (ex MD, AIG Direct Investments Europe) and Ameet Desai (ex Group CFO, Adani Group).
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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>
    </div>
  </div>

  
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">31st March 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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 and scale up operations in Bangalore to over 50 centers from the current 30 centers.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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-focused fund, with a greenshoe option of Rs 400 Cr., backed by startup incubator Venture Catalysts, a consortium of realty developers Neovon, and the Confederation of Real Estate Developers' Associations of India.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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. In December, Alta Capital purchased education infrastructure development services company Cappella Educore for $200 Mn., and acquired 100% of student housing platform Good Host Spaces for $320 Mn. in the largest-ever student housing deal in India.
      </p>
    </div>
  </div>

  
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
      <div class="text-right">31st March 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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 growth in the co-living segment.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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">
        Oyo Living, the co-living arm of Oyo Hotels, scaled down in 2021. Many startups in the sector faced challenges, but the co-living industry is now poised for a comeback post-pandemic.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <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, residential units priced between Rs 50 lakhs and Rs 1 Cr. made up 32% of housing transactions, reflecting a strong demand in this price bracket.
      </p>
    </div>
  </div>

  
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
      <div class="text-right">31st March 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <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 platform for home rentals, has introduced a tech upgrade focused on enhancing urban rental experiences. The platform’s updated UX and UI offer smoother navigation, setting a new standard in the home rental industry.
      </p>
    </div>
  </div>
</div>

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

<div class="cnl-sub-wrapper">
  
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">15th March 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a
          href="https://entrackr.com/2024/02/proptech-firm-bandhoo-raises-pre-series-a-round-led-by-vcats/"
          target="_blank"
          class="cnl-content-heading"
        >
          Proptech firm Bandhoo raises pre-Series A round led by VCats
        </a>
      </p>
      <p class="cnl-content">
        PropTech firm Bandhoo has raised Rs 7.35 Cr. ($0.9 Mn.) in a pre-Series A funding round led by Venture Catalysts along with participation from Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar. Bandhoo is a construction technology and services company which offers multiple cloud-Saas and marketplace solutions that cater to the construction ecosystem, including developers, builders, contractors, PMCs, material suppliers, and construction workers.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/flexible-workspace-operators-raise-rs-4600-crore-post-covid/articleshow/108484123.cms"
          target="_blank"
          class="cnl-content-heading"
        >
          Flexible workspace operators raise Rs 4,600 crore after Covid
        </a>
      </p>
      <p class="cnl-content">
        Flexible workspace operators in India have raised Rs 4,600 Cr. post-Covid, compared to Rs 1,400 Cr. in the five years before the pandemic, as companies adopt hybrid work models. The market size for flexible office real estate is expected to grow to between 100 Mn. sq ft and 140 Mn. sq ft by 2030, from the current 55 Mn. sq ft.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://entrackr.com/2024/03/mygate-announces-esop-buyback-for-over-50-employees/"
          target="_blank"
          class="cnl-content-heading"
        >
          MyGate announces ESOP buyback for over 50 employees
        </a>
      </p>
      <p class="cnl-content">
        Community management app MyGate has announced an employee stock buyback program for more than 50 employees. The buyback has come on the back of improved financial results for the Bengaluru-based company in the last and current fiscal year.
      </p>
    </div>
  </div>

  
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">15th March 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/magicbricks-launches-guide-to-new-projects/articleshow/108215219.cms"
          target="_blank"
          class="cnl-content-heading"
        >
          Magicbricks launches guide to new projects
        </a>
      </p>
      <p class="cnl-content">
        Magicbricks has launched MagicHomes, an initiative spotlighting new projects in key cities. The launch comes amid a resurgence in the residential sector, driven by rising demand and a 15% increase in property prices.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/property-share-dives-into-warehousing-sector-to-raise-investment-in-flipkart-leased-facility/articleshow/108294394.cms"
          target="_blank"
          class="cnl-content-heading"
        >
          Property Share dives into warehousing sector, to raise investment in Flipkart-leased facility
        </a>
      </p>
      <p class="cnl-content">
        Property Share plans to tie up warehousing assets in tier I and tier II cities, aiming for an AUM of over Rs 1,000 Cr. It owns three warehousing assets in the UK and is raising capital against its first India warehousing asset in Jaipur, rented to Flipkart.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/coworking-firm-iwg-looks-to-double-india-portfolio-in-12-18-months/articleshow/108290184.cms"
          target="_blank"
          class="cnl-content-heading"
        >
          Coworking firm IWG looks to double India portfolio in 12-18 months
        </a>
      </p>
      <p class="cnl-content">
        IWG plans to double its presence in India, targeting new cities, suburbs, and Tier 2 and Tier 3 cities. Demand for workspaces in southern cities has grown, and 30% of commercial real estate is projected to be flexible workspace by 2030.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://startupstorymedia.com/insights-yourownroom-secures-6-million-partnership-deals-for-1000-residential-units-in-bangalore/"
          target="_blank"
          class="cnl-content-heading"
        >
          YourOwnROOM Secures $6 Million Partnership Deals for 1,000 Residential Units in Bangalore
        </a>
      </p>
      <p class="cnl-content">
        PropTech innovator YourOwnRoom has inked strategic partnerships worth $6 Mn. with two prominent developers, marking a significant leap in securing high-quality residential inventory in strategic micro-markets across Bangalore.
      </p>
    </div>
  </div>

  
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
      <div class="text-right">15th March 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a
          href="https://www.business-standard.com/companies/start-ups/co-living-startups-expand-capacity-as-demand-returns-post-pandemic-124030500709_1.html"
          target="_blank"
          class="cnl-content-heading"
        >
          From Settl. to Colive, co-living startups find room to double capacity
        </a>
      </p>
      <p class="cnl-content">
        As demand picks up in the post-pandemic era, co-living startups are expanding their capacity to meet the requirements of customers, mostly working millennials looking for affordable living options with flexibility.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://www.hindustantimes.com/real-estate/sebi-notifies-sm-reits-move-to-regulate-fractional-ownership-industry-and-safeguard-investors-interests-101710072487673.html"
          target="_blank"
          class="cnl-content-heading"
        >
          SEBI notifies SM REITs: Move to regulate fractional ownership industry and safeguard investors’ interests
        </a>
      </p>
      <p class="cnl-content">
        The recent decision by SEBI is expected to have a positive impact on the emerging fractional ownership of both residential and commercial assets, say experts.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/realty-fund-flows-into-small-town-india-boom/articleshow/108473687.cms"
          target="_blank"
          class="cnl-content-heading"
        >
          Realty fund flows into small town India boom
        </a>
      </p>
      <p class="cnl-content">
        Capital flows into India's tier-II and tier-III cities doubled in 2023 to a record $1.3 billion, driven by robust real estate demand. Developers flocked to these cities for land acquisitions, and private equity interest is growing across sectors like e-commerce and startups.
      </p>
    </div>
  </div>
</div>

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

<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">29th February 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://entrackr.com/2024/02/rentomojo-raises-25-mn-led-by-edelweiss/" target="_blank" class="cnl-content-heading">
          Furniture rental startup Rentomojo raises $25 Mn. in funding round led by Edelweiss Discovery
        </a>
      </p>
      <p class="cnl-content">
        Rentomojo registered a revenue of Rs 121 Cr. in FY23 compared to Rs 98.6 Cr. in FY22. During the period, the firm turned profitable with Rs 6.19 Cr. profit against Rs 13.5 Cr. loss in the previous fiscal year.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.vccircle.com/credaibacked-spyre-vc-fund-slashes-target-corpus-by-half-for-proptech-fund" target="_blank" class="cnl-content-heading">
          CREDAI-Backed Spyre VC Fund slashes target corpus by half for PropTech Fund
        </a>
      </p>
      <p class="cnl-content">
        The fund has received regulatory approval as a category-II alternative investment fund and aims to tap into the growing real estate market. However, the target corpus for the fund has been slashed by half due to market dynamics.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://inc42.com/buzz/exclusive-construction-unicorn-infra-market-looks-to-raise-60-mn-debt/" target="_blank" class="cnl-content-heading">
          Construction Unicorn Infra. Market Looks To Raise $60 Mn. Debt
        </a>
      </p>
      <p class="cnl-content">
        The Mumbai-based company will be raising this capital in multiple tranches over the next two months, as per the resolution passed by Infra. Market’s board of directors. In FY23, Infra. Market’s sales jumped 90% to INR 11,846.5 Cr. in FY23, while profit dipped 17% to INR 155.2 Cr..
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">29th February 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/proptech-startup-crib-to-invest-1-million-in-digitising-student-housing-and-co-living-market/articleshow/107813484.cms?from=mdr" target="_blank" class="cnl-content-heading">
          PropTech startup Crib to invest $1 Mn. in digitising student housing and co-living market
        </a>
      </p>
      <p class="cnl-content">
        PropTech startup Crib invests $1 Mn. in 'Crib Plus' to digitize India's student housing and co-living market, serving over 1000 landlords managing 2500 properties and 1,50,000 beds. Founded in 2021, Crib targets an annual rental exceeding Rs 2,500 Cr. and aims to cater to large-scale student housing and co-living brands.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.rprealtyplus.com/news-views/proptech-startup-landeed-launches-indias-first-ai-property-analyzer-113985.html" target="_blank" class="cnl-content-heading">
          PropTech Startup Landeed Launches India's First AI Property Analyzer
        </a>
      </p>
      <p class="cnl-content">
        Currently in beta, the AI Property Analyzer represents a groundbreaking advancement in the analysis and understanding of property titles, poised to redefine the Indian real estate market.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
      <div class="text-right">29th February 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/housing-prices-jumped-nearly-20-from-2021-to-2023/articleshow/108070030.cms" target="_blank" class="cnl-content-heading">
          Housing prices jumped nearly 20% from 2021 to 2023 - The Economic Times
        </a>
      </p>
      <p class="cnl-content">
        Housing demand in top eight cities in India has led to a 20% rise in home prices over the last two years. This can be attributed to favourable interest rate cycles, positive economic outlook, and growing confidence among home buyers. Bengaluru, Delhi NCR, and Kolkata have witnessed an unprecedented surge in average housing prices.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/mumbai-breaks-into-worlds-top-10-luxury-residential-markets-now-ranks-8th/articleshow/108066744.cms" target="_blank" class="cnl-content-heading">
          Mumbai breaks into world’s top 10 luxury residential markets, now ranks 8th
        </a>
      </p>
      <p class="cnl-content">
        Mumbai has emerged as one of the world's top 10 luxury real estate markets, thanks to sustained demand for upscale properties and a growing economy. The city now ranks 8th globally, up from 37th position a year ago, with a 10% year-on-year increase in luxury residential prices.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/in-new-india-offices-buzz-in-new-spots/articleshow/107861799.cms" target="_blank" class="cnl-content-heading">
          In new India, offices buzz in new spots
        </a>
      </p>
      <p class="cnl-content">
        According to real estate consultancy JLL, the emergence of new business hotspots will contribute about 89 Mn. sq ft to the Grade-A office supply in the top seven cities over the next five years.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
      <div class="text-right">29th February 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://etinsights.et-edge.com/nestaway-ceo-discusses-proptechs-impact-on-the-indian-rental-landscape/" target="_blank" class="cnl-content-heading">
          Nestaway CEO discusses PropTech's impact on the Indian rental landscape
        </a>
      </p>
      <p class="cnl-content">
        In an exclusive interview series with ET Edge Insights, Jitendra Jagadev, the founder and CEO of Nestaway, discusses the evolution of PropTech or property technology in the Indian rental market.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.thehindu.com/brandhub/pr-release/nestaway-pioneering-a-new-era-in-housing-solutions/article67871188.ece" target="_blank" class="cnl-content-heading">
          Nestaway: Pioneering a New Era in Housing Solutions
        </a>
      </p>
      <p class="cnl-content">
        The Nestaway platform envisions creating a seamless and convenient experience for both tenants and homeowners. It has been blending technology and innovation to redefine the rental housing market, and it further aspires to keep doing so in the future.
      </p>
    </div>
  </div>
</div>


PropTech Radar - 29th Feb 2024, Your Fortnightly Insight into the world of PropTech

<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">15th Feb 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/tech/funding/student-accommodation-platform-amber-raises-21-million-led-by-gaja-capital/articleshow/107604636.cms?from=mdr"
          target="_blank"
          class="cnl-content-heading"
        >
          Student accommodation platform Amber raises $21 million led by Gaja Capital
        </a>
      </p>
      <p class="cnl-content">
        Founded in 2017 by Goel and Madhur Gujar, Amber primarily focuses on Indians studying
        abroad in markets like the US, the UK, Ireland, Australia and Canada, as the student
        accommodation in these countries is worth $60 billion.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/devx-raises-7-million-to-support-expansion-develop-proptech-solution/articleshow/107423517.cms"
          target="_blank"
          class="cnl-content-heading"
        >
          DevX raises $7 million to support expansion, develop proptech solution
        </a>
      </p>
      <p class="cnl-content">
        DevX, a managed office space provider, has raised $7 Mn. in its third round of fundraising. The
        funding was split equally between equity and debt from investors such as banks, NBFCs, family
        offices, and HNIs. The funds will be used for national and global expansion, adding more assets
        across India, and developing a PropTech solution.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://www.siliconindia.com/news/general/brigade-reap-onboarded-5-new-unique-startups-for-its-15th-cohort-nid-227805-cid-1.html"
          target="_blank"
          class="cnl-content-heading"
        >
          Brigade REAP Onboarded 5 New Unique Startups for Its 15th Cohort
        </a>
      </p>
      <p class="cnl-content">
        Brigade REAP, India’s first PropTech focused real estate accelerator program, has onboarded
        5 startups from over 120 applications for its 15th Cohort.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a
          href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/integrated-real-estate-platform-square-yards-has-reported-rs-247-crore-revenue-during-q3-fy24-up-53-y-o-y/articleshow/107386457.cms"
          target="_blank"
          class="cnl-content-heading"
        >
          Integrated real estate platform Square Yards reports Rs 247 crore revenue during Q3 FY24, up 53% Y-o-Y
        </a>
      </p>
      <p class="cnl-content">
        The Gross Transaction Value (GTV) reached Rs 10,574 Cr., up 85% YoY. Fintech and real
        estate services fueled the momentum, contributing 90% of overall revenue. Financial Services exhibited a 2x growth rate of USD 300 Mn. disbursals monthly.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://www.outlookindia.com/business-spotlight/aayush-puri-the-harvard-mind-behind-anacity-transforming-global-property-management"
          target="_blank"
          class="cnl-content-heading"
        >
          Aayush Puri: The Harvard Mind Behind ANACITY, Transforming Global Property Management
        </a>
      </p>
      <p class="cnl-content">
        The app's impact is particularly notable in Dubai, where one in every 10 individuals uses ANACITY, reflecting the city's rapid adoption of smart living solutions.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a
          href="https://www.financialexpress.com/budget/budgetary-push-for-institutionalisation-of-proptech-in-india-3380458/"
          target="_blank"
          class="cnl-content-heading"
        >
          Budgetary push for institutionalisation of PropTech in India
        </a>
      </p>
      <p class="cnl-content">
        Under PM Modi's leadership, India pushed major policies in digitizing land records and real estate transactions, among other areas, to modernize the real estate sector.
      </p>
      <hr class="custom-hr" />
      
      <p class="cnl-content-heading-main">
        <a
          href="https://www.news18.com/business/rents-rocket-across-indian-cities-with-17-yoy-spike-gurugram-tops-with-31-surge-report-8776042.html"
          target="_blank"
          class="cnl-content-heading"
        >
          Rents Rocket Across Indian Cities With 17% YoY Spike, Gurugram Tops With 31% Surge
        </a>
      </p>
      <p class="cnl-content">
        Greater Noida, Ahmedabad, and Chennai observed the highest rental growth, while rental supply decreased across major cities.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a
          href="https://www.indiatoday.in/impact-feature/story/technology-and-innovation-nestaways-role-in-transforming-the-rental-market-2496939-2024-02-02"
          target="_blank"
          class="cnl-content-heading"
        >
          Technology and Innovation: Nestaway's Role in Transforming the Rental Market
        </a>
      </p>
      <p class="cnl-content">
        Nestaway leverages technology to provide diverse rental options, promoting inclusivity in the rental market.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a
          href="https://www.hindustantimes.com/real-estate/wisex-offers-fractional-ownership-of-rs-80-crore-commercial-property-in-pune-101707832282805.html"
          target="_blank"
          class="cnl-content-heading"
        >
          WiseX offers fractional ownership of ₹80 crore commercial property in Pune
        </a>
      </p>
      <p class="cnl-content">
        Sky One Corporate Park includes tenants like Vertiv and Piaggio Vehicles, with a 58,661 sq. ft. leasable area covered in the investment deal.
      </p>
    </div>
  </div>
</div>


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

<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">31st January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://startup.outlookindia.com/sector/e-commerce/black-opal-group-raises-3-million-in-growth-capital-from-sbi-and-hdfc-banks-news-10416" target="_blank" class="cnl-content-heading">
          Black Opal Group Raises $3 Mn. In Growth Capital From SBI And HDFC Banks
        </a>
      </p>
      <p class="cnl-content">
        The funding will be utilised to enhance services and expand the team at JustHomz.com,
        a prop-fintech B2B2C platform introduced by Black Opal Group.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/omaxe-raises-rs-450-crore-from-kotak-mahindra-gives-exit-to-varde-partners/articleshow/106890093.cms" target="_blank" class="cnl-content-heading">
          Omaxe raises Rs 450 Cr. from Kotak Mahindra, gives exit to Varde partners
        </a>
      </p>
      <p class="cnl-content">
        Omaxe Group is currently developing integrated townships in New Chandigarh, Lucknow,
        Ludhiana, Indore, and Faridabad. The realty company is also developing a multilevel parking
        and commercial project in PPP model with North Delhi Municipal Corporation in Chandni
        Chowk, Delhi, scheduled for delivery in this fiscal.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">31st January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://www.rprealtyplus.com/realty-spotlight/co-living-startup-union-living-to-add-1000-beds-in-mumbai-113763.html" target="_blank" class="cnl-content-heading">
          Co-Living Startup Union Living To Add 1,000 Beds In Mumbai
        </a>
      </p>
      <p class="cnl-content">
        Started by two co-founders Rishab Soni and Parth Soni in 2020, Union living's current portfolio
        includes 1050 operational beds across nine properties in Mumbai, Pune and Ahmedabad.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/strata-in-talks-to-buy-commercial-realty-across-cities/articleshow/107175019.cms" target="_blank" class="cnl-content-heading">
          Strata in talks to buy commercial realty across cities
        </a>
      </p>
      <p class="cnl-content">
        Strata is aiming for assets under management of Rs 2,000 Cr. by the end of 2023-24.
        It surpassed its AUM of Rs 1,300 Cr. and aims to expand its presence in western states
        such as Maharashtra, Rajasthan, and Gujarat. Strata allows investors to own and sell
        fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses,
        industrial assets, etc.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://the-ken.com/story/nobroker-wanted-to-eat-mygates-lunch-but-housing-societies-had-other-ideas/" target="_blank" class="cnl-content-heading">
          Nobroker wanted to eat Mygate’s lunch. But housing societies had other ideas
        </a>
      </p>
      <p class="cnl-content">
        To win market share, the two community management apps pulled out all stops to woo
        apartments. And now these apartments have all the power.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INSIGHTFUL INFOGRAPHICS</h2>
      <div class="text-right">31st January 2024</div>
    </div>
    <div class="content-wrapper">
      <div style="width: 100%;">
        <img src="https://uat-strapi.recx.in/uploads/newsletter_images_03_01_fcd1f1ceb8.jpg?updated_at=2024-05-14T06:47:36.433Z" alt="">
      </div>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
      <div class="text-right">31st January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/shift-in-home-loan-dynamics-suggests-move-from-affordable-to-premium-properties/articleshow/107251090.cms" target="_blank" class="cnl-content-heading">
          Shift in home loan dynamics suggests move from affordable to premium properties
        </a>
      </p>
      <p class="cnl-content">
        A closer look into the data on home loans highlighted, the shift is evident not only in the increase
        in average loan size but also in the distribution of loan originations by value. Loans in the range of
        Rs 5 lakh to Rs 35 lakh are now giving way to those falling in the Rs 35 lakh to Rs 75 lakh bracket.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/budget-2024-ammo-for-india-to-win-real-estate-battle-over-injured-china/articleshow/107217021.cms?from=mdr" target="_blank" class="cnl-content-heading">
          Budget 2024 ammo for India to win real estate battle over injured China
        </a>
      </p>
      <p class="cnl-content">
        Interim budget: India's budget plays a big role in strengthening the property market and
        supporting the Bharat Moment. The budget should focus on affordable housing and streamline
        clearance processes to promote growth in the residential real estate sector. It is crucial to
        grant industry status to the real estate sector and facilitate easier credit access.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
      <div class="text-right">31st January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://www.thehindu.com/business/Industry/integrow-to-invest-100-crore-in-paranjpe-schemes-realty-project/article67753339.ece" target="_blank" class="cnl-content-heading">
          Integrow to invest ₹100 Cr. in Paranjpe Scheme’s realty project - The Hindu
        </a>
      </p>
      <p class="cnl-content">
        Integrow Asset Management to invest ₹100 Cr. in Paranjape Schemes' residential project in
        Thane, showcasing confidence in urban living.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.moneycontrol.com/news/business/earnings/aurum-proptech-consolidated-december-2023-net-sales-at-rs-57-31-crore-up-48-63-y-o-y-12083331.html" target="_blank" class="cnl-content-heading">
          Aurum PropTech Consolidated December 2023 Net Sales at Rs 57.31 Cr., up 48.63% Y-o-Y
        </a>
      </p>
      <p class="cnl-content">
        Total income increased to Rs 62.09 Cr. during October-December period of the previous
        financial year. EBITDA stands negative at Rs. 0.06 Cr. in December 2023, up 92.21% from
        Rs. 0.77 Cr. in December 2022.
      </p>
    </div>
  </div>
</div>


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

<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">15th January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://yourstory.com/2024/01/proptech-firm-blox-acquires-brokerage-firm-justo" target="_blank" class="cnl-content-heading">
          Proptech firm Blox acquires brokerage firm Justo
        </a>
      </p>
      <p class="cnl-content">
        This strategic acquisition signifies the firm's commitment to expanding its footprint across
        India and democratizing cutting-edge AI technology for all stakeholders in the real estate
        buying and selling journey.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/nuvama-cushman-wakefield-to-raise-rs-3000-crore-office-realty-fund-through-jv/articleshow/106703662.cms" target="_blank" class="cnl-content-heading">
          Nuvama, Cushman & Wakefield to raise Rs 3,000-crore office realty fund through JV
        </a>
      </p>
      <p class="cnl-content">
        The category II alternative investment fund (AIF) with a tenure of six years is expected to help
        the joint entity invest in office assets worth around Rs 6,000 Cr. with the help of project-specific leveraging.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/fundraise-through-reits-invits-jumps-10-times-to-over-11000-crore-in-2023/articleshow/106843062.cms" target="_blank" class="cnl-content-heading">
          Fundraise through REITs, InvITs jumps 10 times to over ₹11,000 crore in 2023
        </a>
      </p>
      <p class="cnl-content">
        Before that, funds to the tune of ₹17,641 Cr. were collected through the route in 2021 and
        ₹29,715 Cr. in 2020, the data showed. REITs and InvITs are new concepts in the Indian market
        but have been a popular choice globally for their lucrative returns and capital appreciation.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/capitaland-investment-india-plans-to-invest-over-rs-4500-crore-in-chennai-in-5-years/articleshow/106731081.cms" target="_blank" class="cnl-content-heading">
          CapitaLand Investment India plans to invest over Rs 4,500 crore in Chennai in 5 years
        </a>
      </p>
      <p class="cnl-content">
        CapitaLand Investment India signs MoUs with Tamil Nadu government to invest $750 Mn.
        in business parks, data centres, and logistics. CLI has invested $800 Mn. in Chennai and
        has a diversified portfolio of assets in the city. CLI's current portfolio includes three business
        parks, two industrial facilities, two logistics and warehouse facilities, a coworking space,
        and two serviced residences. 
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">15th January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://mediabrief.com/proptechs-startup-airbrick-projects-targets-3mn-sales-by-end-of-fy-23-24/" target="_blank" class="cnl-content-heading">
          Proptech’s startup AirBrick Projects targets $3mn sales by end of FY 23-24
        </a>
      </p>
      <p class="cnl-content">
        AirBrick, a tech-driven commercial design and build brand in India, announces its plans for
        future expansion and growth. With a commitment to integrate artificial intelligence into interior
        fit-out solutions, AirBrick is set to redefine the landscape of commercial interior design and build.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
      <div class="text-right">15th January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/housing-demand-set-to-touch-93-million-by-2036/articleshow/106715323.cms" target="_blank" class="cnl-content-heading">
          Housing demand set to touch 93 million by 2036
        </a>
      </p>
      <p class="cnl-content">
        Housing demand in India is projected to grow more than threefold and reach 93 million units
        by 2036, driven by robust demand and supply in tier-II and -III cities. This growth is fueled by
        the rapidly growing Indian population and economy, improved purchasing power of home buyers,
        and the inclination to buy bigger houses.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/investments-in-alternative-realty-surge-to-418-7-million-in-q4-of-2023/articleshow/106459552.cms" target="_blank" class="cnl-content-heading">
          Investments in alternative realty surge to $418.7 million in Q4 of 2023
        </a>
      </p>
      <p class="cnl-content">
        Alternatives had a 51% share of total inflows during Q4 2023, indicating strong demand in
        segments including data centres, student housing, life sciences, and schools. Overall, student
        housing accounted for about 60% of investment inflows within alternatives during the year,
        said Colliers.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
      <div class="text-right">15th January 2024</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://www.aninews.in/news/business/business/wisex-embarks-on-expansion-spree-plans-to-triple-its-workforce-in-202420240103161536/#google_vignette" target="_blank" class="cnl-content-heading">
          WiseX Embarks on Expansion Spree, Plans to Triple its Workforce in 2024
        </a>
      </p>
      <p class="cnl-content">
        This extensive recruitment drive underscores WiseX's strategic ambition to achieve Rs 1000 Cr.
        Assets under management in 2024.
      </p>
    </div>
  </div>
</div>


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

<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">30th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://entrackr.com/2023/11/peak-xvs-surge-leads-2-5-mn-seed-round-in-elivaas/" target="_blank" class="cnl-content-heading">
          Peak XV’s Surge leads $2.5 Mn seed round in Elivaas
        </a>
      </p>
      <p class="cnl-content">
        Elivaas, a tech-driven villa and luxury apartment management company, has raised $2.5 Mn. in its seed round led by Peak XV Partners’ Surge.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/hanto-workspaces-raises-rs-15-crore-in-seed-funding-led-by-kredx-founder-anurag-jain/articleshow/105382059.cms" target="_blank" class="cnl-content-heading">
          Hanto Workspaces raises Rs.15 crore in seed funding led by KredX founder Anurag Jain
        </a>
      </p>
      <p class="cnl-content">
        Hanto Workspaces secured Rs 15 Cr. in seed funding led by Anurag Jain of KredX and other angel investors, planning to expand across major Indian cities. The company, experiencing substantial growth amid the pandemic, aims to double its revenue in FY 2023-24.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/colive-taps-venture-capital-funds-in-bid-to-raise-20-million/articleshow/105541288.cms" target="_blank" class="cnl-content-heading">
          Colive taps venture capital funds in bid to raise $20 million
        </a>
      </p>
      <p class="cnl-content">
        Colive, a Bengaluru-based tech-based platform for fully managed rental homes, is in talks with venture capital firms to raise around $20 Mn. for expansion. The company plans to double its room capacity in cities like Mumbai, Pune, Bengaluru, Hyderabad, and Chennai. Colive aims to manage over 30,000 rooms by the end of 2024.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/edelweiss-alternatives-aims-to-raise-up-to-rs-5000-cr-via-rental-yield-fund/articleshow/105270719.cms" target="_blank" class="cnl-content-heading">
          Edelweiss Alternatives aims to raise up to Rs 5,000 cr via rental yield fund
        </a>
      </p>
      <p class="cnl-content">
        Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, is set to raise up to ₹5,000 Cr. from a blend of onshore and offshore investors through its newly introduced rental yield plus fund, as per a senior company executive.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">30th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/propshare-targets-over-3x-growth-in-aum/articleshow/105391130.cms" target="_blank" class="cnl-content-heading">
          PropShare targets over 3X growth in AUM
        </a>
      </p>
      <p class="cnl-content">
        The company is also looking to accelerate its product development process and diversify investment offerings by buying larger assets, said its CEO Kunal Moktan. “We will focus on larger deals now, which are upward of Rs 300 Cr. in the commercial real estate space, to drive its growth as opposed to buying smaller assets,” he said.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/bullish-on-affordable-housing-segment-atul-monga-ceo-basic-home-loan/articleshow/105447981.cms" target="_blank" class="cnl-content-heading">
          Bullish on affordable housing segment: Atul Monga, CEO Basic Home Loan
        </a>
      </p>
      <p class="cnl-content">
        The firm has so far disbursed home loans of around Rs 7,000 Cr., of which Rs 4,200 Cr. were given to the affordable. "This initiative aligns seamlessly with our goal to expand our reach within the priority sector lending (PSL) domain," said Atul Monga, chief executive of BASIC Home Loan.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.hindustantimes.com/cities/mumbai-news/hiranandani-group-launches-eleva-vertical-for-real-estate-solutions-101701329689127.html" target="_blank" class="cnl-content-heading">
          Hiranandani Group launches Eleva vertical for real estate solutions
        </a>
      </p>
      <p class="cnl-content">
        The platform will leverage the 40 years of expertise of the group to provide development, construction, design, marketing, and sales-oriented solutions to other real estate players.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/wework-india-further-solidify-its-presence-in-south-india/articleshow/105257686.cms" target="_blank" class="cnl-content-heading">
          WeWork India further solidify its presence in South India
        </a>
      </p>
      <p class="cnl-content">
        WeWork India, a major player in the country's flexible workspace sector, has recently secured two office spaces totaling more than 2.7 lakh sq ft in South India, reinforcing its market presence. This expansion follows the parent company's bankruptcy filing.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
      <div class="text-right">30th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/residential-rentals-surge-22-4-in-september-quarter-millennials-drive-record-demand-magicbricks/articleshow/105482428.cms" target="_blank" class="cnl-content-heading">
          Residential rentals surge 22.4% in September quarter, millennials drive record demand: Magicbricks
        </a>
      </p>
      <p class="cnl-content">
        Based on the behavior and preferences of over 2 Cr. customers on the Magicbricks platform, the report also observed that Thane witnessed 57.3% on-year growth, Gurugram 41.4%, Greater Noida 28.7%, Noida 25.2% and Hyderabad 24.2% observed highest appreciation in rent as compared to last year.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/malls-expected-to-attract-investment-of-over-rs-20000-cr-in-next-3-4-years/articleshow/105587831.cms" target="_blank" class="cnl-content-heading">
          Malls expected to attract investment of over Rs 20,000 cr in next 3-4 years
        </a>
      </p>
      <p class="cnl-content">
        Mall space in India is set to increase by 30-35 Mn. square feet (msf), or a third of current stock, over the next 3-4 years, spurred by the strong recovery in retail sales last fiscal. The retail recovery is expected to sustain, as broad-based consumption across geographies as well as sectors fortifies demand resilience. In fact, revenue of mall owners for this fiscal is estimated at 125% of FY 2020 levels, and may rise to 150% by FY 2025.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
      <div class="text-right">30th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://offplanpropertyexchange.com/news/deepbrief-on-wisex-with-aryaman-vir-revolutionizing-real-estate-investment-in-india-through-innovation-performance/356335/" target="_blank" class="cnl-content-heading">
          WiseX: Transforming Real Estate Investment in India
        </a>
      </p>
      <p class="cnl-content">
        Since its inception, WiseX has undergone a remarkable journey of growth and evolution. With a focus on democratizing commercial real estate for retail investors, WiseX developed a unique fractional ownership framework tailored for the Indian market.
      </p>
    </div>
  </div>
</div>


PropTech Radar - 30th Nov 2023, Your Fortnightly Insight into the world of PropTech

<div class="cnl-sub-wrapper">
  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
      <div class="text-right">15th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://startupstorymedia.com/insights-proptech-settlin-secures-funding-from-powerhouse-ventures-and-others/" target="_blank" class="cnl-content-heading">
          PropTech Settlin Secures Funding from Powerhouse Ventures and Others
        </a>
      </p>
      <p class="cnl-content">
        PropTech digital broker Settlin has secured an undisclosed amount in funding from investors, including Powerhouse Ventures, Kyt Ventures, Investo Monk, Guptaji Invests, Ah Ventures, and PV Rao (PVR Cinemas).
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/housing-com-invests-in-fintech-start-up-easiloan/articleshow/104908857.cms" target="_blank" class="cnl-content-heading">
          Housing.com invests in fintech start-up Easiloan
        </a>
      </p>
      <p class="cnl-content">
        Housing.com has made an undisclosed investment in Easiloan, a fintech startup specializing in digitizing the home loan process. Easiloan, founded in 2021, offers personalized home loan solutions through partnerships with over 20 banks in India. The investment capitalizes on the growing home loan market, with an estimated 16% growth in the home loan portfolio from December 2021 to December 2022.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.vccircle.com/elevationcapital-leads-series-a-round-in-vridhi-home-finance" target="_blank" class="cnl-content-heading">
          Elevation Capital leads Series A round in Vridhi Home Finance
        </a>
      </p>
      <p class="cnl-content">
        Early-to-growth stage venture capital investor Elevation Capital has led a capital infusion of Rs 150 Cr ($18 Mn) in Vridhi Home Finance, a housing finance company co-founded by a former executive at Aavas Financiers.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.moneycontrol.com/news/business/startup/a-new-company-created-by-rahul-yadav-and-his-associates-is-at-the-centre-of-info-edges-case-of-financial-irregularities-11737621.html" target="_blank" class="cnl-content-heading">
          Info Edge accuses 4B Networks and Rahul Yadav of undertaking ‘suspicious transactions’ with a company allegedly started by an associate
        </a>
      </p>
      <p class="cnl-content">
        In a complaint to Mumbai Police, Info Edge alleges that Yadav has made several high-value transactions to individuals, companies, and vendors associated with him.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">MARKET MOVERS</h2>
      <div class="text-right">15th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/curated-living-solutions-acquires-1-lakh-sq-ft-student-housing-asset-in-durgapur/articleshow/104963523.cms" target="_blank" class="cnl-content-heading">
          Curated Living Solutions acquires 1-lakh-sq-ft student housing asset in Durgapur
        </a>
      </p>
      <p class="cnl-content">
        This student housing facility with around 1 lakh sq ft built-up structure has a total of 766 beds. The deal marks Curated Living Solutions' first brownfield venture in the student housing vertical and has started operating from November 1.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://www.businesswireindia.com/strawcture-enlite-and-superbolter-crowned-as-indias-top-proptech-startups-at-disruptech-20-indias-biggest-proptech-challenge-by-cbre-and-nasscom-startups-87268.html" target="_blank" class="cnl-content-heading">
          Strawcture, Enlite and SuperBolter Crowned as India's Top PropTech Startups at DISRUPTECH 2.0
        </a>
      </p>
      <p class="cnl-content">
        Strawcture, Enlite, and SuperBolter were crowned as India's Top PropTech Startups at DISRUPTECH 2.0, India's Biggest PropTech Challenge by CBRE and Nasscom Startups.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://yourstory.com/2023/11/equity-address-buy-a-second-home-fractional-ownership" target="_blank" class="cnl-content-heading">
          Equity address lets you buy a second home with fractional ownership
        </a>
      </p>
      <p class="cnl-content">
        According to the founders, the startup has a unique approach to fractional property ownership, offering true ownership, future gains, flexible scheduling for accommodation, and shared expenses.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
      <div class="text-right">15th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/whats-driving-the-demand-in-indias-nascent-student-housing-market/articleshow/105215302.cms" target="_blank" class="cnl-content-heading">
          What's driving the demand in India’s nascent student housing market?
        </a>
      </p>
      <p class="cnl-content">
        Operators say a bevy of factors are driving the boom in purpose-built student accommodations (PBSAs): India's young population, increasing enrolment in higher education, surge in students migrating to cities with a greater concentration of educational institutions, growing investor and developer interest, and students' preference for quality, organized accommodation.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/second-home-fractional-ownership-a-new-trend-in-indias-real-estate/articleshow/104955506.cms" target="_blank" class="cnl-content-heading">
          Second-home fractional ownership: A new trend in India's real estate
        </a>
      </p>
      <p class="cnl-content">
        With second-home fractional ownership, a highly popular practice in Europe's richer neighborhoods and the US, gaining currency in India, doing so would need you to neither break the bank nor sacrifice returns on investment.
      </p>
      <hr class="custom-hr" />

      <p class="cnl-content-heading-main">
        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/rising-senior-population-dependency-ratio-to-prompt-senior-living-projects-investments/articleshow/105238496.cms" target="_blank" class="cnl-content-heading">
          Rising senior population, dependency ratio to prompt senior living projects investments
        </a>
      </p>
      <p class="cnl-content">
        The expected increase in the senior population's share from nearly 10% in 2023 to 20% by 2050 is expected to result in an increased age dependency ratio—the ratio of dependents to the working-age population—of 34% by then.
      </p>
    </div>
  </div>

  <div class="section-wrapper">
    <div class="highlight-section">
      <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
      <div class="text-right">15th November 2023</div>
    </div>
    <div class="content-wrapper">
      <p class="cnl-content-heading-main">
        <a href="https://www.rprealtyplus.com/interviews/demystifying-modern-offices-112783.html" target="_blank" class="cnl-content-heading">
          Demystifying modern offices
        </a>
      </p>
      <p class="cnl-content">
        Ashish Mundada, Head, Commercial Real Estate (Investments), Integrow Asset Management Co., states that modern office buildings need to meet the diverse & complex needs of their tenants.
      </p>
    </div>
  </div>
</div>


PropTech Radar - 15th Nov 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">
        <div class="cnl-sub-wrapper">
            
            <div class="section-wrapper">
                <div class="highlight-section">

                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">31st October 2023</div>
                </div>

                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/flexible-workspace-marketplace-qdesq-raises-pre-series-b-investment-from-gruhas/articleshow/104777786.cms"
                            target="_blank" class="cnl-content-heading">
                            Flexible workspace marketplace Qdesq raises pre-series B investment from Gruhas
                        </a>
                    </p>
                    <p class="cnl-content">
                        Flexible workspace platform Qdesq secured additional funding from Gruhas, a VC specialising
                        in PropTech. Qdesq had previously raised capital from JLL and has now accumulated Rs 30 Cr. The
                        company is also working on an enterprise SaaS platform, Qudify, designed to modernize workspaces
                        with QR-based visitor management, meeting rooms, and complaint systems.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/goldman-warburg-sell-good-host-spaces-for-rs-2700-crore-to-alta-capital/articleshow/104707775.cms"
                            target="_blank" class="cnl-content-heading">
                            Goldman, Warburg sell 'Good Host Spaces' for Rs 2,700 crore to Alta Capital
                        </a>
                    </p>
                    <p class="cnl-content">
                        Alta Capital has acquired Goldman Sachs' and Warburg Pincus' stake in India's largest student
                        housing
                        platform, Good Host Spaces, for $320 Mn. Alta Capital has previously invested in India's largest
                        managed office spaces operator, Table Space, and Pragati Warehousing. Good Host Spaces, which
                        partners
                        with universities to provide specialized accommodation services to students, has an
                        operational portfolio of around 25,000 beds across five cities and is in talks to add more.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                        <a href="https://mystartupworld.com/saudi-based-proptech-ejari-secures-1-million-funding/"
                            target="_blank" class="cnl-content-heading">
                            Saudi-based proptech, Ejari secures $1 million funding
                        </a>
                    </p>
                    <p class="cnl-content">
                        Saudi-based PropTech, Ejari announced the closing of a $1 Mn (SAR 3.75 Mn) Pre-Seed round led by
                        Hambro Perks' Oryx Fund and Sanabil 500 MENA Fund, in addition to the participation of a number
                        of
                        angel investors.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/wsb-real-estate-plans-to-raise-new-fund-focus-on-south-india/articleshow/104834466.cms"
                            target="_blank" class="cnl-content-heading">
                            WSB Real Estate plans to focus on South India, invested Rs 1,400 crore in the last decade
                        </a>
                    </p>
                    <p class="cnl-content">
                        Alternative investment platform, WSB Real Estate Partners, is gearing up to raise a new fund,
                        marking
                        its next financial move after completing the deployment of its ₹700-Cr. second fund within the
                        upcoming two months. This strategic decision was revealed by a senior executive from the firm.
                    </p>

                </div>
            </div>


            <div class="section-wrapper">
                <div class="highlight-section">   
                    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                    <div class="text-right">31st October 2023</div>
                </div>

                <div class="content-wrapper"> 
                    <p class="cnl-content-heading-main">
                        <a href="https://www.moneycontrol.com/news/business/real-estate/square-yards-revenue-jumps-60-to-rs-225-cr-becomes-first-proptech-to-hit-100-mn-mark-11553711.html"
                            target="_blank" class="cnl-content-heading">
                            Square Yards revenue jumps 60% to Rs 225 cr, becomes first proptech to hit $100-mn mark
                        </a>
                    </p>
                    <p class="cnl-content">
                        Square Yards’ search and discovery portal squareyards.com continued to gain market share with
                        average traffic at 8 Mn + visitors/month, said the company.
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/smartworks-picks-up-1-lakh-sq-ft-office-space-in-gurugram/articleshow/104736542.cms"
                            target="_blank" class="cnl-content-heading">
                            Smartworks picks up 1 lakh sq ft office space in Gurugram
                        </a>
                    </p>
                    <p class="cnl-content">
                        While DLF operates the majority of the Cyber City, the building taken by Smartworks is currently known
                        as Reliance House and is owned by an independent owner. The company is currently conducting due
                        diligence and may sign the final agreement in the first week of November, sources said on condition
                        of anonymity.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                            <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/neoliv-targets-rs-12000-crore-revenue-in-3-4-years/articleshow/104524951.cms"
                                target="_blank" class="cnl-content-heading">
                                NeoLiv targets Rs 12,000 crore revenue in 3-4 years
                            </a>
                    </p>
                    <p class="cnl-content">
                        NeoLiv, a residential investment and development platform founded by Mohit Malhotra, plans to launch
                        10 projects with a revenue potential of Rs 12,000 Cr. over the next 3-4 years. The company has already
                        received permission from SEBI to raise $150 Mn through a category II Alternate Investment Fund.
                        NeoLiv intends to develop residential projects in Delhi and Mumbai and has identified 13 projects for
                        due diligence.
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/table-space-to-invest-around-rs-500-cr-to-foray-into-premium-office-spaces/articleshow/104504030.cms"
                            target="_blank" class="cnl-content-heading">
                            Table Space to invest around Rs 500 cr to foray into premium office spaces
                        </a>
                    </p>
                    <p class="cnl-content">
                        Table Space, a managed workspace provider, has announced plans to invest approximately Rs 500 Cr.
                        to expand its premium office offerings. The company has introduced 'TS Suites' in several cities, with
                        plans to expand to 25 centers in the next 18 months. TS Suites are pre-built offices available on short
                        and mid-term contracts, allowing for flexible leases and adaptable spaces.
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/officebanao-to-reach-rs-200-crore-order-book-by-fy24-says-ceo-tushar-mittal/articleshow/104581051.cms"
                            target="_blank" class="cnl-content-heading">
                            OfficeBanao to reach Rs 200 crore order book by FY24, says CEO Tushar Mittal
                        </a>
                    </p>
                    <p class="cnl-content">
                        Company has received orders from Jaipur, Panchkula, Sonipat, Jamnagar, Indore, Aurangabad, Indore,
                        Kolkata, Bhuvneshwar, Patna and Moradabad among others.
                    </p>
                </div>
            </div>

            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
                    <div class="text-right">31st October 2023</div>
                </div>

                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indian-real-estate-sector-attracts-679-9-million-institutional-investments-during-july-sep/articleshow/104718339.cms"
                            target="_blank" class="cnl-content-heading">
                            Indian real estate sector attracts $679.9 million institutional investments during July-Sep
                        </a>
                    </p>
                    <p class="cnl-content">
                        Institutional investments in residential assets in India reached $298.3 Mn between July -
                        September, a 71% increase from the previous year. Overall, the Indian real estate sector received
                        institutional investments worth $679.9 Mn in Q3, an 82% increase from the same period in 2022
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                        <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indias-top-7-cities-jan-sept-housing-sales-touch-91-of-2022-annual-performance/articleshow/104475194.cms"
                            target="_blank" class="cnl-content-heading">
                            India’s top 7 cities’ Jan-Sept housing sales touch 91% of 2022 annual performance
                        </a>
                    </p>
                    <p class="cnl-content">
                        Residential sales in India's top seven property markets have seen strong growth in the first nine months
                        of 2023, with sales reaching the highest level since 2008. Sales have already surpassed 91% of the
                        total sales in 2022 and are expected to exceed 215,000 units by the end of the year.
                    </p>
                </div>
            </div>

            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
                    <div class="text-right">31st October 2023</div>
                </div>

                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                        <a href="https://www.integrowamc.com/post/aurum-proptech-backed-integrow-to-widen-portfolio-with-second-housing-fund"
                            target="_blank" class="cnl-content-heading">
                            Aurum proptech backed integrow to widen portfolio with second housing fund
                        </a>
                    </p>
                    <p class="cnl-content">
                        Integrow Asset Management plans to start raising its second residential real estate fund next year, as
                        it expands its offerings after rolling out portfolio management services and an investment vehicle for
                        office properties. The Mumbai-based real estate asset manager aims to start the fundraising process
                        for the new housing-focused alternative investment fund by April next year
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                        <a href="https://www.livemint.com/brand-stories/strategic-nestaway-acquisition-unleashes-new-possibilities-11693646459043.html"
                            target="_blank" class="cnl-content-heading">
                            Strategic Nestaway Acquisition Unleashes New Possibilities
                        </a>
                    </p>
                    <p class="cnl-content">
                        This Nestaway acquisition signals a powerful stride toward making rental living more convenient,
                        flexible, and enjoyable
                    </p>
                </div>
            </div>
        </div>
    </div>

PropTech Radar - 31st Oct 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">  
        <div class="cnl-sub-wrapper">
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">15th October 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://inc42.com/buzz/here-are-the-six-startups-that-made-it-to-gruhas-aspires-second-proptech-cohort/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    The Six Startups That Made It To Gruhas ASPIRE’s Second Proptech Cohort
                    </a>
                    </p>
                    <p class="cnl-content">
                    The selected startups in Gruhas ASPIRE’s second cohort include Ambiator, Breathe ESG, EarthFokus,
            Openhaus, Slice and Zerotouch.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://entrackr.com/2023/10/fixed-income-platform-jiraaf-raises-8-7-mn-in-series-b-round/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Fixed income platform Jiraaf raises $8.7 Mn in Series B round
                    </a>
                    </p>
                    <p class="cnl-content">
                    Fixed income platform Jiraaf has raised $8.7 million in its Series B funding round co-led by Accel and
                    Harmony Partners.
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                    <a
                        href="hhttps://economictimes.indiatimes.com/industry/services/property-/-cstruction/proptech-firm-blox-to-buy-controlling-stake-in-justo/articleshow/104449103.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >

                    Proptech firm Blox to buy controlling stake in Justo
                    
                    </a>
                    </p>
                    <p class="cnl-content">
                    The acquisition assumes significance against the backdrop of the ongoing alignment between
                    India's real estate and burgeoning PropTech sector that has transformed the way property
                    transactions are conducted. Both the companies currently have annual mandate businesses of
                    around Rs. 3,500 crore each.
                    </p>
                    <hr class="custom-hr" />


                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/emaar-india-to-invest-1-85-billion-in-2-years-ceo-kalyan-chakrabarti/articleshow/104449097.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Emaar India to invest $1.85 billion in 2 years: CEO ​Kalyan Chakrabarti
                    </a>
                    </p>
                    <p class="cnl-content">
                    The firm intends to release around 10 million square feet of real estate over the next two years,
            expanding its presence into key markets including Mumbai, Pune, Bengaluru, and Hyderabad.
            "We would like to repeat what we have done in the last 21 years over the next 21 months. So far,
            we have launched 24,500 units, a combination of apartments, floors, plots, or offices;
                    </p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                    <div class="text-right">15th October 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://entrackr.com/2023/10/nobroker-launches-new-business-with-conversational-ai-platform-callzen/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    NoBroker launches new business with conversational AI platform CallZen
                    </a>
                    </p>
                    <p class="cnl-content">
                    Bengaluru-based PropTech unicorn NoBroker has launched conversational artificial intelligence
                    platform Callzen. The enterprise-ready product uses machine learning to transcribe and analyze calls
                    in multiple languages, offering features like sentiment analysis and speaker identification.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://techbullion.com/the-amazon-of-real-estate-homebourse-launches-with-first-ever-click-buy-marketplace/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    The Amazon of Real Estate! “Homebourse” launches with first-ever click & buy marketplace!
                    </a>
                    </p>
                    <p class="cnl-content">
                    A new online real estate marketplace has launched to allow buyers to ‘buy real estate everywhere from
            anywhere.’ Homebourse lets buyers experience the entire buying process online, from browsing
            listings to closing deals and brings a true online store experience to b
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.aninews.in/news/business/business/mygate-to-launch-insurance-services-to-elevate-safety-amp-protection-for-gated-community-residents20231005111846/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
            MyGate to Launch Insurance Services to Elevate Safety & Protection for Gated Community Residents
                        
                    </a>
                    </p>
                    <p class="cnl-content">
                    MyGate to launch Insurance Services to Elevate Safety & Protection for Gated Community Residents
                    </p>
                    <hr class="custom-hr" />
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">INDUSTRY INSIGHTS</h2>
                    <div class="text-right">15th October 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.business-standard.com/industry/news/credai-to-help-over-13-000-builders-in-adoption-of-proptech-solutions-123100900711_1.html"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    CREDAI to help over 13,000 builders in adoption of proptech solutions
                    </a>
                    </p>
                    <p class="cnl-content">
                    Realtors' apex body CREDAI will help over 13,000 builder members in adoption of technology
                    solutions in real estate projects, enabling them to reduce construction time and improve
                    quality of products.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/realtors-expect-record-sales-this-year-unsold-inventory-hits-a-decadal-low/articleshow/104294099.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Realtors expect record sales this year; unsold inventory hits a decadal low

                    </a>
                    </p>
                    <p class="cnl-content">
                    Property developers in India's top seven cities are expecting home sales to reach more than half
                    a million units this year, driven by strong demand and new launches. Despite concerns about
                    rising interest rates, industry executives and experts believe that demand will remain robust. 
                    </p>
                </div>
            </div>

            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">IAURUM SPOTLIGHT</h2>
                    <div class="text-right">15th October 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.dnaindia.com/india/report-nestaway-platform-excels-in-providing-unshakable-rental-reliability-3064029"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Nestaway Platform excels in providing unshakable rental reliability
                    </a>
                    </p>
                    <p class="cnl-content">
                    Nestaway goes beyond being a regular rental platform; it embodies reliability and convenience in the
                    realm of Indian rental housing.
                    </p>
                </div>    
            </div>     
        </div>
     </div>

PropTech Radar - 15 Oct 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">
        <div class="cnl-sub-wrapper">

            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">30th September 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://inc42.com/buzz/hotelyaari-bags-inr-18-cr-to-offer-fractional-ownership-of-holiday-homes/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    HotelYaari Bags INR 18 Cr To Offer Fractional Ownership Of Holiday Homes
                    </a>
                    </p>
                    <p class="cnl-content">
                    Holiday homes-focussed fractional ownership startup HotelYaari has reportedly raised 
                INR 18 Cr ($2.18 Mn) in a seed funding round from Alios Ventures.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.claytoncountyregister.com/news2/jll-spark-leads-10m-funding-round-for-ai-startup-qbiq/469532/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Artificial Intelligence and Real Estate Planning Platform Qbig Raises $10M  in funding.
                    </a>
                    </p>
                    <p class="cnl-content">
                    The funding round was led by JLL Spark, the venture capital arm of global brokerage company JLL, 
                and also included investments from 10D, Ocean Azul, Randomforest, and M-FUND. 
                    </p>
                </div>
            </div>
            
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                    <div class="text-right">30th September 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/cowrks-plans-to-open-six-new-centres-with-3600-seats/articleshow/103787910.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    COWRKS plans to double its portfolio by 2024
                    </a>
                    </p>
                    <p class="cnl-content">
                    COWRKS, a flexible and managed office provider, plans to double their portfolio and open new centres 
                across major cities such as Pune, Mumbai, Bangalore and Chennai by 2024 to cater to the growing 
                demand for a hybrid work model amongst large corporates
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.livemint.com/companies/start-ups/home-d-cor-startup-livspace-achieves-85-top-line-growth-expands-to-45-50-cities-improves-financial-health-in-fy23/amp-11694770446898.html"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Livspace posts strong revenue growth in FY23; Ebitda loss narrows

                    </a>
                    </p>
                    <p class="cnl-content">
                    Home renovation platform Livspace reported that its revenue rose by 85 per cent to around Rs 1,100 Cr 
                    during the last fiscal year. Business expansion, investment in branding and experience centres, and 
                    improving supply chain helped the company achieve high growth in the fiscal year
                    </p>
                </div>
            </div>
            
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
                    <div class="text-right">30th September 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/heres-why-3bhk-are-becoming-more-popular-among-home-buyers-in-india/articleshow/103930318.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Here's why  3BHK are becoming more popular among home buyers in India.
                    </a>
                    </p>
                    <p class="cnl-content">
                    A recent study by property consultant Anarock has found that Bengaluru is leading the demand for 
                3BHK accommodations in India, with 51% of homebuyers in the city seeking spacious living options. 
                Chennai follows closely with 50% and Delhi with 47%.
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/real-estate-fractional-ownership-market-touches-rs-4000-cr-to-grow-at-25-30-pc-annually-report/articleshow/103909194.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Real estate fractional ownership market touches Rs 4,000 cr; to grow at 25-30 pc annually: Report
                    </a>
                    </p>
                    <p class="cnl-content">
                    Fractional ownership typically involves the ownership of an underlying real estate asset among 
                multiple investors. This lowers capital requirements and facilitates participation of a larger set 
                of players in real estate asset ownership," the report said.
                    </p>
                </div>
            </div>

            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
                    <div class="text-right">30th September 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.vccircle.com/aurumproptech-backed-integrow-to-widen-portfolio-with-second-housing-fund"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Aurum PropTech-Backend Integrow To Widen Porfolio With Second Housing Fund 
                    </a>
                    </p>
                    <p class="cnl-content">
                    Integrow Asset Management plans to start raising its second residential real estate fund next year, 
                as it expands its offerings after rolling out portfolio management services and an investment 
                vehicle for office properties
                    </p>
                </div>
            </div>
        </div>
    </div>

PropTech Radar - 30 Sep 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">
        <div class="cnl-sub-wrapper">
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">31st August 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/embassy-office-parks-reit-raises-rs-500-cr-via-debentures-to-refinance-existing-debt/articleshow/103136619.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Embassy Office Parks REIT raises Rs 500 cr via debentures to
                        refinance existing debt
                    </a>
                    </p>
                    <p class="cnl-content">
                    Embassy Office Parks REIT informed that the Debenture Committee of
                    the Board of Directors of the manager has approved the allotment
                    of 50,000 non-covertible debentures (NCDs) with a face value of Rs
                    1 lakh on a private placement basis.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://tech.eu/2023/08/28/uk-startup-jitty-raises-2-million/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        UK startup Jitty raises $2M to build AI-driven home search
                        platform
                    </a>
                    </p>
                    <p class="cnl-content">
                    Jitty, backed by former Deliveroo employees, aims to revolutionize
                    home buying with its comprehensive suite of AI-powered tools.
                    </p>
                    <hr class="custom-hr" />
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                    <div class="text-right">31st August 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.zeebiz.com/startups/news-real-estate-platform-nobroker-aims-rs-1000-crore-revenue-this-year-co-founder-akhil-gupta-249907"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Realty platform NoBroker aims for Rs 1,000 cr revenue in 2023-24
                    </a>
                    </p>
                    <p class="cnl-content">
                    In the first six months of 2023, NoBroker registered 50 per cent
                    growth in real estate transactions across its verticals such as
                    rent, buy, sell and home services.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.onlinemarketplaces.com/articles/zoopla-backed-alto-introduces-partner-hub-for-proptech-partners/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Zoopla-backed Alto Introduces 'Partner Hub' For PropTechs
                    </a>
                    </p>
                    <p class="cnl-content">
                    The real estate agency software provider Alto—owned by UK number
                    two portal Zoopla—has launched a new Partner Hub for its Proptech
                    partners.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.constructionweekonline.in/business/proptechbuzz-launches-tech-platform-to-reshape-real-estate-tech"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        PropTechBuzz launches tech platform to reshape real estate tech
                    </a>
                    </p>
                    <p class="cnl-content">
                    PropTechBuzz has announced the launch of its platform, which will
                    try to transform how proptech products are launched and promoted
                    worldwide. It empowers smaller companies by allowing them to
                    showcase their innovations alongside larger competitors.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/office-space-operator-table-space-plans-to-expand-operations-with-rs-1000-crore-investment/articleshow/103194932.cms"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Office space operator Table Space plans to expand operations
                        with Rs 1,000 cr investment
                    </a>
                    </p>
                    <p class="cnl-content">
                    Table Space Technologies, a managed workspace operator, plans to
                    invest Rs 1,000 crore in the next fiscal year to expand its
                    operations by around 4.5 million sq ft. The company recently
                    raised over $325 million from Hill House Capital to expand its
                    operations across key office property markets in India.
                    </p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
                    <div class="text-right">31st August 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.livemint.com/industry/indias-real-estate-sector-likely-to-expand-to-5-8-trillion-by-2047-report-11693042659703.html"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        India's real estate sector likely to expand to $5.8 trillion by
                        2047
                    </a>
                    </p>
                    <p class="cnl-content">
                    Private equity investments in the Indian real estate sector have
                    consistently grown over the past two decades.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.constructionweekonline.in/people/why-real-estate-developers-are-turning-to-outsourcing-for-sales-and-marketing"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Why real estate developers are turning to outsourcing for sales
                        and marketing
                    </a>
                    </p>
                    <p class="cnl-content">
                    Outsourcing the sales and marketing function has emerged as a
                    smart and strategic solution for developers looking to enhance
                    their market presence, streamline operations, and achieve optimal
                    results.
                    </p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
                    <div class="text-right">31st August 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://mintgenie.livemint.com/news/personal-finance/structured-debt-investments-in-commercial-real-estate-balancing-risk-and-returns-for-investors-151692250775690"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Structured debt investments in commercial real estate
                    </a>
                    </p>
                    <p class="cnl-content">
                    Commercial real estate sector is experiencing growth with a
                    projected CAGR of 21.20% (2023-2028) driven by demand in key
                    cities, and structured debt investments in commercial real estate
                    are emerging as a strategic option for investors, facilitated by
                    notable PropTech and Neo-Realty platforms.
                    </p>
                    <p class="cnl-content">
                    YieldWiseX appoints Habeeb Khan as Head of People & Culture
                    Habeeb’s expertise complements WiseX’s commitment to best people
                    practices, nurturing a cohesive culture, and innovation which will
                    aid in YieldWiseX’s growth trajectory in PropTech sector.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.passionateinmarketing.com/yieldwisex-expands-leadership-team-appoints-habeeb-khan-as-head-of-people-culture/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        YieldWiseX appoints Habeeb Khan as Head of People & Culture
                    </a>
                    </p>
                    <p class="cnl-content">
                    Habeeb’s expertise complements WiseX’s commitment to best people
                    practices, nurturing a cohesive culture, and innovation which will
                    aid in YieldWiseX’s growth trajectory in PropTech sector.
                    </p>
                </div>
            </div>
        </div>
    </div>

PropTech Radar - 31 Aug 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">
        <div class="cnl-sub-wrapper">
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">15th August 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.livemint.com/news/india/investments-in-proptech-firms-remain-stable-despite-global-uncertainty-co-living-and-co-working-lead-funding-inflow-11690893484053.html"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                    Funding in proptech players dips 3% to $719 mn in 2022
                    </a>
                    </p>

                <p class="cnl-content">
                Proptech players has witnessed a cumulative investment of nearly $4
                billion between 2009 and 2022, boasting an impressive compounded
                annual growth rate (CAGR) of 49%.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://www.moneycontrol.com/news/business/startup/late-stage-investors-wait-it-out-as-startups-struggle-to-grow-into-their-valuations-11109221.html"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    Late-stage investors wait it out as startups struggle to grow into
                    their valuations
                </a>
                </p>

                <p class="cnl-content">
                    SoftBank’s Rajeev Misra, among others, said that capital isn’t a
                    constraint for the Japanese investor when it comes to investing in
                    India, but opportunities are.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://www.livemint.com/companies/news/we-admit-that-rahul-yadav-s-4b-networks-was-a-mistake-info-edge-ceo-11691825956050.html"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    ‘We admit that Rahul Yadav’s 4B Networks was a mistake': Info Edge
                    CEO
                </a>
                </p>

                <p class="cnl-content">
                Info Edge founder Sanjeev Bikhchandani says investing in Rahul
                Yadav's startup was a 'mistake' after Q1 results.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/pe-investment-in-indian-realty-recorded-at-1-92-in-q2-up-60/articleshow/102605091.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    Indian real estate: PE investment in Indian realty recorded at
                    $1.92 bn in Q2, up 60%
                </a>
                </p>

                <p class="cnl-content">
                The Indian Real Estate Sector recorded robust private equity
                investment of $1.92 bn in Q2 2023, highlighting investor confidence
                in the market after a marginally subdued Q1. This is 63% higher than
                the previous quarter (Q1-23) and 60% higher than the same period
                last year, according to Cushman & Wakefields latest Investment
                report.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://www.livemint.com/companies/news/brookfield-india-real-estate-trust-raises-2-305-crore-through-qip-upsizes-offer-by-50-11690991910981.html"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    Brookfield India REIT raises over ₹2.3K cr
                </a>
                </p>

                <p class="cnl-content">
                Some of the marquee existing and new investors that invested in the
                QIP include HDFC Life Insurance, HDFC Mutual Fund, SBI, 360 One
                (formerly IIFL), Morgan Stanley Asia and Ashoka India Opportunities
                Fund among others.
                </p>
            </div>
        </div>

        <div class="section-wrapper">
            <div class="highlight-section">
                <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                <div class="text-right">15th August 2023</div>
            </div>
            <div class="content-wrapper">
                <p class="cnl-content-heading-main">
                <a
                    href="https://realtybiznews.com/jll-launched-jll-gpt-the-first-gpt-for-commercial-real-estate/98778549/"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    CJLL Launched JLL GPT™ - the First GPT for commercial real estate
                </a>
                </p>

                <p class="cnl-content">
                Developed by JLL Technologies (JLLT), the generative AI model will
                be used by JLL’s workforce to provide CRE insights to clients in a
                whole new way.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/housing-com-owner-reports-46-rise-in-india-revenue-in-fy23/articleshow/102753190.cms"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    Housing.com owner reports 46% rise in India revenue in FY23
                </a>
                </p>

                <p class="cnl-content">
                Melbourne-based REA Group which owns Housing.com stated that it
                experienced a 46% surge in revenue from India for the financial year
                that ended in June 2023. By comparison, Australian revenue only saw
                a 1% uptick during the same period. REA India posted a revenue of
                AUD 79 million ($57 million) in the fiscal year, up from AUD 54
                million the previous year.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://realty.economictimes.indiatimes.com/news/startups/zolostays-hopes-to-reach-rs-500-crore-revenue-in-fy24/102608951?utm_source=whatsapp_web&utm_medium=social&utm_campaign=socialsharebuttons"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    Zolostays hopes to reach Rs 500 crore revenue in FY24
                </a>
                </p>
                <p class="cnl-content">
                "We are currently in our series D-round fundraise. We're looking to
                raise anywhere between $50-75 million and this will be used for
                expansion because we are already profitable as a corporate," said
                Nikhil Sikri, CEO and co-founder, Zolostays.
                </p>
            </div>
        </div>
        <div class="section-wrapper">
            <div class="highlight-section">
                <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
                <div class = "text-right">15th August 2023</div>
            </div>
            <div class="content-wrapper">
                <p class="cnl-content-heading-main">
                <a
                    href="https://www.thehindubusinessline.com/info-tech/indias-saas-industry-to-reach-50-billion-by-2030-to-generate-revenue-of-20-25-million-report/article67171428.ece"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    India’s SaaS industry to reach $50 bn by 2030, to generate revenue
                    of $20-25 mn
                </a>
                </p>

                <p class="cnl-content">
                Indian SaaS industry to reach $50 billion by 2030, said a BVP
                report. Indian SaaS market to grow from $13 billion in 2022 to $50
                billion by 2030. Number of companies with $100M ARR to increase to
                11 in 2023 from 9 in 2022.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/warehousing-supply-across-indias-key-cities-to-touch-516-million-sq-ft-by-2026/articleshow/102673302.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    Warehousing supply across India’s key cities to touch 516 mn sq ft
                    by 2026
                </a>
                </p>

                <p class="cnl-content">
                The warehousing industry is seeing significant growth in India,
                driven by rising consumer demand, the expansion of e-commerce, and
                investment in manufacturing, with cumulative supply expected to
                reach 516 million sq ft by 2026.
                </p>
                <hr class="custom-hr" />

                <p class="cnl-content-heading-main">
                <a
                    href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indias-reit-market-to-hold-22-of-grade-a-office-stock-by-2024/articleshow/102696069.cms"
                    target="_blank"
                    class="cnl-content-heading"
                >
                    India’s REIT market to hold 22% of Grade-A office stock by 2024
                </a>
                </p>

                <p class="cnl-content">
                In India, REITs have proven popular with both institutional and
                retail investors. A total of four REITs were listed in the India
                market as of May 2023, comprising three office REITs and one retail
                REIT. The three office products have been in existence for more than
                two years, while the retail product was a new listing in May 2023,
                mentioned the report.
                </p>
            </div>
        </div>
    </div>
</div>       

PropTech Radar - 15 Aug 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">
        <div class="cnl-sub-wrapper">
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">31st July 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/proptech-startup-altre-raises-1million-from-institutional-investors/articleshow/102032810.cms?from=mdr"
                        target="_blank"
                        class="cnl-content-heading"
                        >Proptech startup Altre raises $1 mn from institutional investors</a
                    >
                    </p>
                    <p class="cnl-content">
                    Proptech startup Altre has raised $1 mn in a pre series A round to grow
                    technology, capability and teams across the country. Altre is a B2B fulfilment
                    marketplace for commercial real estate. It is India's first digital brokerage
                    platform servicing a Pan India footprint for enterprise clients.
                    </p>
                    <hr class="custom-hr" />

                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.livemint.com/companies/news/sheela-foam-has-acquired-kurl-on-and-furlenco-11689595686307.html"
                        target="_blank"
                        class="cnl-content-heading"
                        >Sheela Foam acquires Kurlon and furniture maker Furlenco</a
                    >
                    </p>
                    <p class="cnl-content">
                    The investment of Furlenco would give Sheela Foam a very strong entry into the
                    branded furniture market, and a much bigger market than its existing market.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.indianweb2.com/2023/07/indian-generative-ai-based-saas.html"
                        target="_blank"
                        class="cnl-content-heading"
                        >Indian Generative AI-based SaaS startups doubled since 2021, raised $590 mn
                        in funding</a
                    >
                    </p>
                    <p class="cnl-content">
                    Amid the growing demand for Generative Artificial Intelligence (Generative AI)
                    tools, like ChatGPT, a rapid growth of Indian GenAI-based SaaS.
                    </p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                    <div class="text-right">31st July 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://entrackr.com/2023/07/unpacking-settls-fy23-financial-numbers/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Unpacking Settl’s FY23 financial numbers</a
                    >
                    </p>
                    <p class="cnl-content">
                    Coliving operator Settl’s revenue from operations grew over 2.5X to Rs 16.33
                    crore during FY23 as compared to Rs 6.36 crore in FY22
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.vccircle.com/fractionalownership-firm-hbits-game-plan-for-maiden-fund-as-it-eyes-first-close"
                        target="_blank"
                        class="cnl-content-heading"
                        >Fractional ownership firm hBits' game plan for maiden fund as it eyes first
                        close</a
                    >
                    </p>
                    <p class="cnl-content">
                    Mumbai-based fractional real estate ownership platform hBits aims to mark the
                    first close of its maiden alternative investment fund within three months.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/managed-offices-provider-devx-sets-up-1-80-lakh-sq-ft-coworking-center-in-ahmedabad/articleshow/102077640.cms"
                        target="_blank"
                        class="cnl-content-heading"
                        >Managed offices provider DevX sets up 1.80-lakh-sq-ft coworking center in
                        Ahmedabad</a
                    >
                    </p>
                    <p class="cnl-content">
                    DevX has set up a coworking center spread over 1.80 lakh sq ft on Sindhu
                    Bhavan Road in Ahmedabad. This hub, the managed office space providers fourth
                    facility in Ahmedabad, has over 3,000 seats and is the largest coworking space
                    in Gujarat.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://entrackr.com/2023/07/housing-finance-firm-altum-credos-revenue-profits-grows-2x-in-fy23/"
                        target="_blank"
                        class="cnl-content-heading"
                        >Housing finance firm Altum Credo’s revenue, profits grow 2X in FY23</a
                    >
                    </p>
                    <p class="cnl-content">
                    Housing finance company Altum Credo’s revenue from operations scaled 102.4% to
                    Rs 67.2 crore during the fiscal year ending March 2023.
                    </p>
                    <hr class="custom-hr" />
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/welspun-ones-second-warehousing-focused-fund-raises-rs-1000-cr-in-4-months/articleshow/101850261.cms"
                        target="_blank"
                        class="cnl-content-heading"
                        >Welspun One's second warehousing-focused fund raises Rs 1,000 cr in 4
                        months</a
                    >
                    </p>
                    <p class="cnl-content">
                    With an advanced pipeline of land parcels in key warehousing micro markets
                    such as Mumbai Metropolitan Region (MMR), Chennai, Bengaluru, and Lucknow
                    already in place, the fund is positioned to add 10-12 million sq ft of new
                    projects to its existing portfolio of the company.
                    </p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
                    <div class="text-right">31st July 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.livemint.com/money/personal-finance/risky-business-lessons-learned-from-real-estate-aifs-and-the-commission-controversy-11689786739192.html"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Understanding the risks in AIFs and PMS investments</a
                    >
                    </p>
                    <p class="cnl-content">
                    The liquidity risk in AIFs is so grave that even some venture capital funds
                    have been unable to sell their investments due to the ongoing startup funding
                    winter, according to financial market experts.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://realty.economictimes.indiatimes.com/news/regulatory/hostel-rent-not-exempt-from-gst-to-attract-12-tax-aar/102223225"
                        target="_blank"
                        class="cnl-content-heading"
                        >Hostel rent not exempt from GST, to attract 12% tax</a
                    >
                    </p>
                    <p class="cnl-content">
                    Hostel rent paid by inhabitants does not qualify for exemption from goods and
                    service tax (GST), as it is not a 'residential dwelling'.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/warehousing-supply-across-8-primary-markets-likely-to-grow-13-15-in-fy24-says-icra/articleshow/101828224.cms"
                        target="_blank"
                        class="cnl-content-heading"
                        >Warehousing supply across 8 primary markets likely to grow 13-15% in FY24,
                        says ICRA</a
                    >
                    </p>
                    <p class="cnl-content">
                    The incremental absorption is estimated to remain at around 39 million sq ft,
                    the level witnessed in 2022-23. Nearly 52% of the expected supply addition
                    across these primary markets including Mumbai, National Capital Region, Pune,
                    Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A
                    category.
                    </p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.business-standard.com/industry/news/sales-of-luxury-homes-in-india-rose-130-in-january-june-period-cbre-123072700235_1.html"
                        target="_blank"
                        class="cnl-content-heading"
                        >Sales of luxury homes in India rose 130% in January-June period</a
                    >
                    </p>
                    <p class="cnl-content">
                    According to CBRE, the surge in demand for luxury homes was primarily driven
                    by a growing preference for enhanced amenities and more spacious living
                    </p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">AURUM SPOTLIGHT</h2>
                    <div class="text-right">31st July 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main">
                    <a
                        href="https://www.businessworld.in/article/Our-Platform-Has-Over-50-000-Users-From-16-Countries-Aryaman-Vir-CEO-Aurum-WiseX/17-07-2023-484415/"
                        target="_blank"
                        class="cnl-content-heading"
                    >
                        Aurum WiseX has over 50,000 users from 16 countries</a
                    >
                    </p>
                    <p class="cnl-content">
                    Aurum WiseX is an independent unit of Aurum Proptech, dedicated to offering
                    retail investors access to High-Yield Institutional Grade Investment
                    Opportunities in the Real Estate. Aryaman Vir, CEO, Aurum WiseX tells Ashish
                    Sinha about 'Lease Rental Discounting' and much more.
                    </p>
                </div>
            </div>
        </div>
    </div>

PropTech Radar - 31 July 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">
        <div class="cnl-sub-wrapper">
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">14th July 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/ndr-warehousing-secures-500-crore-from-investcorp/articleshow/101438616.cms" target="_blank" class="cnl-content-heading">NDR Warehousing secure 500 crore from Investcorp</a></p>
                    <p class="cnl-content">Under its managing director N Amrutesh Reddy, the company has experienced significant expansion,
                        boasting a portfolio of 33 warehouses spanning 16.91 million sqft of leasable area across 12 cities. 
                        The firm plans to add 4-5 million sq ft per annum to expand its warehousing and industrial parks 
                        across the country</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://theprint-in.cdn.ampproject.org/c/s/theprint.in/ani-press-releases/clutterfree-raises-funds-at-45-crore-valuation-from-angel-investors/1643401/?amp" target="_blank" class="cnl-content-heading">Clutterfree raises funds at 45 crore valuation from angel investors</a></p>
                    <p class="cnl-content">Clutterfree, a real estate and home improvement platform which provides premium services to new and
                        existing homeowners, has raised funds at a 45-crore valuation […]</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://www.financecolombia.com/COLOMBIAN-PROPTECH-COMPANY-HABI-SECURES-50-MILLION-USD-LINE-OF-CREDIT-WITH-IDB-INVEST/" target="_blank" class="cnl-content-heading">Colombian PropTech Company Habi Secures $50 Million USD Line of Credit with IDB Invest</a></p>
                    <p class="cnl-content">"Habi's technology is helping to make the market more transparent and efficient, and it is also helping 
                        to reduce the environmental impact of homeownership," said Sergio Fajardo of IBD Invest.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://www.business-standard.com/companies/news/proptech-startup-officebanao-raises-funds-from-ex-meta-md-ex-collier-ceo-123070600531_1.html" target="_blank" class="cnl-content-heading">PropTech startup OfficeBanao raises funds from ex-Meta MD, ex-Collier CEO</a></p>
                    <p class="cnl-content">Real estate startup OfficeBanao, which raised USD 6 million from Lightspeed in April this year, on
                        Thursday said it has raised funds from three angel investors, including former Meta India MD Ajit 
                        Mohan and former Colliers India CEO Ramesh Nair</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://inc42.com/BUZZ/COWORKING-SPACE-PROVIDER-FRIYEY-SHUTS-DOWN-DUE-TO-FUNDING-CRUNCH/" target="_blank" class="cnl-content-heading">Coworking Space Provider Friyey Shuts Down Due to Funding Crunch</a></p>
                    <p class="cnl-content">Yogesh Thore, founder and CEO of Friyey, took to LinkedIn to announce the decision to shut 
                        operations of the startupt</p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                    <div class="text-right">14th July 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/markets/stocks/news/hbits-gets-sebi-nod-for-indias-maiden-fractional-ownership-global-aif/articleshow/101717368.cms" target="_blank" class="cnl-content-heading">hBits gets SEBI nod for India’s maiden fractional ownership global AIF</a></p>
                    <p class="cnl-content">The tech-enabled platform is also setting up a feeder fund--the Global Investors Feeder Trust 
                        (GIFT)--based out of GIFT City to cater to foreign investors.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://www.business-standard.com/industry/news/neoliv-to-raise-150-mn-aif-to-take-residential-bets-360-one-funds-123063000950_1.html" target="_blank" class="cnl-content-heading">Neoliv to raise $150 mn AIF to take residential bets</a></p>
                    <p class="cnl-content">The platform has secured an approval of Category II AIF from capital markets regulator Sebi under 
                        which it intends to raise USD 150 million including a USD 60 million green-shoe option</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://www.zillowgroup.com/news/discover-zillows-plugin-on-chatgpt/" target="_blank" class="cnl-content-heading">Chat, discover and find your next home with Zillow’s plugin on ChatGPT</a></p>
                    <p class="cnl-content">Zillow has built a ChatGPT plugin that lets users discover real estate listings by having a simple
                        conversation</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://propertyindustryeye.com/PROPTECH-FIRM-LAUNCHES-A-TRIO-OF-NEW-LETTINGS-INTEGRATIONS/" target="_blank" class="cnl-content-heading">PropTech firm launches a trio of new lettings integrations</a></p>
                    <p class="cnl-content">“The trend towards mix and match technologies and partnerships to meet the needs of a fast-paced 
                    lettings industry shows no sign of stopping and is something we embrace" - Heidi Shackell, CEO of 
                    The Lettings Hub</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/coliving-operator-setll-to-double-the-capacity-to-5000-beds/articleshow/101455049.cms" target="_blank" class="cnl-content-heading">Coliving operator Settl to double the capacity to 5,000 beds</a></p>
                    <p class="cnl-content">Coliving operator Settl plans to expand its capacity to 5,000 beds by the end of the fiscal year 
                    and is looking to enter the Noida, Pune, and Chennai markets. Currently, the company has around 2,000 
                    beds across Bengaluru, Gurugram, and Hyderabad. Settl charges between Rs 12,000 
                    and Rs 18,000 per bed</p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
                <div class="text-right">14th July 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indias-housing-market-growth-expected-to-continue-with-9-sales-rise-in-fy24-india-ratings/articleshow/101389590.cms" target="_blank" class="cnl-content-heading">India’s housing market growth expected to continue with 9% sales rise in FY24</a></p>
                    <p class="cnl-content">Although a likely global recession and ongoing inflation may slightly dampen the demand in the near 
                        term, the market should absorb any pressure, supported by a supply consolidation and a relative 
                        improvement in affordability compared to the historical standards, the ratings agency said.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://mybigplunge.com/STARTUPS/INVESTMENT-IN-INDIAN-STARTUPS-IN-H1-2023-LOWEST-IN-LAST-FOUR-YEARS-PWC-INDIA/" target="_blank" class="cnl-content-heading">Investment in Indian startups in H1 2023 lowest in last four years</a></p>
                    <p class="cnl-content">Funding in Indian startups fell by 36 per cent in January-June to USD 3.8 billion, the lowest half-yearly 
                        number in the last four years, as investors are taking longer time in due diligence of every aspect 
                        of business, according to a PwC India Report. Early-stage deals accounted for 57 per cent of 
                        the total funding […]</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indias-office-market-shows-resilience-amid-global-headwinds-snaps-6-quarter-declining-trend/articleshow/101614450.cms" target="_blank" class="cnl-content-heading">India’s office market shows resilience amid global headwinds, snaps 6-quarter declining trend</a></p>
                    <p class="cnl-content">In the June quarter, 10.49 million sq ft of new completions were recorded, up by 5.3% sequentially. 
                        Hyderabad dominated with a 47.2% share of new completions, followed by Bengaluru with a 22% share. 
                        Pan-India office space vacancy levels witnessed a marginal drop of 10 bps sequentially to 16.6%, which 
                        is expected to remain sticky within the range of 16-17%.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://www.vccircle.com/whysebi-order-against-gip-can-stifle-growth-of-aifs-and-their-portfolio-firms" target="_blank" class="cnl-content-heading">SEBI order against GIP can stifle growth of AIFs and their portfolio firms</a></p>
                    <p class="cnl-content">The role of leverage in asset-intensive industries is undeniable—borrowed funds expand the asset 
                        base, magnifying potential returns. However, the recent interpretation by the Securities and ......</p>
                </div>
            </div>
        </div>
    </div>

PropTech Radar - 14 July 2023, Your Fortnightly Insight into the world of PropTech

<div class="common-container">
        <div class="cnl-sub-wrapper">
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">FUNDING HIGHLIGHTS</h2>
                    <div class="text-right">June 2023</div>
                </div>
                <div class="content-wrapper">        
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/reloy-raises-rs-7-2-crore-in-pre-series-a2-funding-round/articleshow/101358003.cms?from=mdr" target="_blank" class="cnl-content-heading">HDFC Capital-backed PropTech firm Reloy has raised Rs 7.2 crore in a <br class="d-lg-block d-none">pre-series A2 funding round</a></p>
                    <p class="cnl-content">The current round saw participation from all the existing investors and have incoming investors of 
                        BlueLotus VC, Dream Green Capital and several prominent angels. Reloy had raised Rs 5.9 crore in 
                        February, taking the total external funding to over Rs 13 crore</p>
                    <hr class="custom-hr" />
                        
                    
                    <p class="cnl-content-heading-main"><a href="https://entrackr.com/2023/06/co-living-and-holiday-homes-startup-truliv-raises-1-5-mn/" target="_blank" class="cnl-content-heading">Chennai-based co-living and holiday homes startup Truliv raises $1.5 mn</a></p>
                    <p class="cnl-content">Co-living and holiday homes startup Truliv has secured $1.5 million in a pre-seed funding round led by 
                        Conquest Global Ventures VCC, Vara Future LLP, and others at a post-money valuation of Rs 60 crore.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/tech/funding/prop-tech-startup-crib-raises-rs-15-crore-in-funding-led-by-wefoundercircle/articleshow/101157535.cms" target="_blank" class="cnl-content-heading">Cribe Funding: Prop-tech startup Cribe raises Rs 15 crore in funding led by WeFounderCricle</a></p>
                    <p class="cnl-content">The company plans to use the funds to expand its product offerings, and scale distribution 
                        to all major pincodes in India.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/flex-space-startup-indiqube-plans-to-raise-75-million/articleshow/101089832.cms" target="_blank" class="cnl-content-heading">Flex space startup IndiQube plans to raise $75 million</a></p>
                    <p class="cnl-content">"We have turned profitable at the company level and are looking to raise equity over the next 12 
                        months. We are finding that there is a lot of interest in the flexible office operator space from public 
                        sector banks and private equity funds," cofounder Rishi Das said.</p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">MARKET MOVERS</h2>
                    <div class="text-right">June 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main"><a href="https://www.techcircle.in/2023/06/27/anarock-s-ai-powered-proptech-tool-astra-gets-a-patent" target="_blank" class="cnl-content-heading">Anarock's AI-powered PropTech tool Astra gets a patent</a></p>
                    <p class="cnl-content">Anarock, a residential real estate services group, has announced that its proprietary sales acceleration 
                        tool, Astra, has officially received patent status. This means that Anarock now has exclusive rights to 
                        Astra and its powerful algorithms and functions.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://www.business-standard.com/industry/news/neoliv-to-raise-150-mn-aif-to-take-residential-bets-360-one-funds-123063000950_1.html" target="_blank" class="cnl-content-heading">PropTech Startup Asette Draws Global Property Investors to UAE’s $35 Bn <br clasName="d-lg-block d-none">Off-Plan Property Market</a></p>
                    <p class="cnl-content">Asette launches an AI-driven property investment platform, revolutionizing off-plan property 
                        research and acquisition in the $35 billion UAE market. With a promise to save investors a 3-months 
                        decision-making process and over 40 hours of research, Asette simplifies the complex 30-step 
                        procedure using a single tool.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://newspatrolling.com/introducing-stratayield-com-a-revolutionary-proptech-platform-leveraging-distressed-assets-and-urban-storage/" target="_blank" class="cnl-content-heading">Introducing Stratayield, A Revolutionary PropTech platform –<br clasName="d-lg-block d-none">Leveraging Distressed Assets and Urban Storage</a></p>
                    <p class="cnl-content">Spacenet Enterprises India Ltd, a well-established company listed on the National Stock Exchange, 
                    through its subsidiary, Thalassa Enterprises Pvt Ltd is launching Stratayield.com. This groundbreaking 
                    PropTech platform is set to transform the distressed assets and urban storage realty space by 
                    bridging the gap between distress value and real market value. India's distressed market</p>
                </div>
            </div>
            <div class="section-wrapper">
                <div class="highlight-section">
                    <h2 class="cnl-section-heading">INDUSTRY INSIGHT</h2>
                    <div class="text-right">June 2023</div>
                </div>
                <div class="content-wrapper">
                    <p class="cnl-content-heading-main"><a href="https://timesofindia.indiatimes.com/business/international-business/dubais-booming-real-estate-market-ripe-for-proptech-disruption/articleshow/101157541.cms" target="_blank" class="cnl-content-heading">Dubai’s booming real estate market ‘ripe for PropTech disruption’</a></p>
                    <p class="cnl-content">PropTech startups have raised more than $100 million in funding in the UAE over the past five years, 
                        according to Zoom Property Insights.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://entrackr.com/2023/05/the-growth-of-proptech-startups-in-india-post-covid-entrackr-report/" target="_blank" class="cnl-content-heading">In the past five years, the PropTech segment has evolved manifold and has seen startups in brokerage 
                        tech, construction tech, AI, AR, VR, IoT, SaaS, and other spaces.</a></p>
                    <hr class = "custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indias-housing-market-growth-expected-to-continue-with-9-sales-rise-in-fy24-india-ratings/articleshow/101389590.cms" target="_blank" class="cnl-content-heading">Realtor Shriram Properties to invest ₹750 crore in <br clasName="d-lg-block d-none"> ongoing projects in FY24</a></p>
                    <p class="cnl-content">Shriram Properties chairman and managing director M Murali highlighted that the company achieved 
                    a 25% growth in sales bookings to touch an all time high of ₹1,846 crore last fiscal, on higher 
                    volumes and better price realisation</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://www.moneycontrol.com/news/opinion/time-to-clean-up-the-startup-ecosystem-and-put-a-governance-charter-in-place-10869651.html" target="_blank" class="cnl-content-heading">Time to clean up the startup ecosystem. And, put a <br clasName="d-lg-block d-none"> governance charter in place</a></p>
                    <p class="cnl-content">There is an urgent need for a governance charter in the startup ecosystem, addressing transparency, 
                    accountability, and ethical practices to ensure long-term growth and sustainability</p>
                    <hr class="custom-hr" />
                    
                    
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/banking/finance/aif-inflows-to-cross-500-billion-by-2030-report/articleshow/101171595.cms" target="_blank" class="cnl-content-heading">AIF inflows to cross $500 billion by 2030: Report</a></p>
                    <p class="cnl-content">According to CapHive, India-focused AIFs' assets under management is expected to grow 18-25% 
                    every year till 2030, supported by increasing allocation from global institutions as well as stronger domestic flows.</p>
                    <hr class="custom-hr" />
                    
                    <p class="cnl-content-heading-main"><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indias-office-supply-likely-to-touch-1-billion-sq-ft-by-2030-report/articleshow/101190600.cms" target="_blank" class="cnl-content-heading">India’s office supply likely to touch 1 billion sq. ft by 2030: Report
                    </a></p>
                    <p class="cnl-content">India's prime office space supply is expected to reach 1 billion sq. ft in tier I cities, up from the current 700 million sq. ft, by 2030 due to low-cost advantages, competitive wages, and a strong talent pool. Office developers have been commended for being innovative and ESG-conscious to ensure buildings match global standards</p>
                </div>
            </div>
        </div>
    </div>

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