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News on Medial
Creating a Sustainable Real Estate Ecosystem with Transparency and Accessibility
VCCircle
·
1y ago
Medial
RealDom ~ Pinvest.Exchange is collaborating with financial institutions and regulators to upgrade the real estate sector and create a sustainable ecosystem. By improving transparency, inclusivity, liquidity, and accessibility, the platform aims to differentiate real estate investments from the stock market. The initiative also aims to benefit small investors, unlike private tokenization platforms. The Indian property market is projected to quadruple in the next 6-8 years, and the platform seeks to leverage this growth. By enhancing the real estate ecosystem, the platform strives to provide better returns and opportunities for both investors and developers.
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Digital real estate platform Alt DRX raises $2.7 million in new funding round
Economic Times
·
3m ago
Medial
Alt DRX, a digital real estate startup, raised Rs 23 crore ($2.7 million) in funding from investors including Qatar Development Bank and nX Capital. The company aims to make residential real estate accessible by enabling tokenized property purchases using blockchain technology. With funds dedicated to customer acquisition and tech strengthening, Alt DRX seeks to revolutionize real estate investment for digital-first users. Supported by XRPL Ripple’s infrastructure, it ensures transparency and security in digital real estate ownership.
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Luxury Presence, which builds marketing tools for realtors, raises $19.2M
TechCrunch
·
1y ago
Medial
Luxury Presence, a startup providing marketing solutions for real estate professionals, has raised $19.2 million in a Series B1 round led by Bessemer Venture Partners. The platform offers tools and services for creating real estate websites, ads, content marketing strategies, and social media engagement. It recently launched an AI-powered mobile app called Presence Copilot for realtors. The company aims to support high-performing real estate professionals with technology and plans to use the funding to further develop its products. The proptech sector saw a decline in funding in 2022, with VC-backed proptech companies raising 38% less than in 2021.
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Sustainable solutions platform Smarter Dharma raises funding from Rainmatter, Gruhas, others
Economic Times
·
1y ago
Medial
Smarter Dharma, a sustainable solutions platform for real estate, has secured $500,000 in seed funding from investors including Zerodha’s Rainmatter, Gruhas, and Anthill Ventures. The Bangalore-based startup focuses on reducing the carbon footprint in the real estate sector by offering sustainability services that utilize data science. They aim to help real estate firms achieve net-zero goals and simplify decision-making for infrastructure projects through data analytics and machine learning. The funding will support their technology platform and expansion to mitigate a billion tons of CO2 emissions by 2030.
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'Insider trading=developer-agent collusion': Reddit post calls for SEBI-like regulatory body for real estate
Business Today
·
5m ago
Medial
A Reddit post has sparked a conversation around the need for a SEBI-like regulatory body for the real estate sector. The call arises due to unethical practices, including insider trading and collusion among developers and agents, that remain unchecked. Critics point out that while reforms have been made, their impact is limited. The public increasingly demands oversight similar to what SEBI provides to the financial markets, to ensure transparency and accountability in real estate.
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Huge demand for data centres in India, 18 million sq ft area needed in four to five yers: Smriti Irani
Economic Times
·
5m ago
Medial
India anticipates a significant demand for data centers, needing 18 million square feet in the next 4-5 years, according to BJP leader Smriti Irani at a CREDAI conference. She urged real estate developers to diversify into data centers and global capabilities centers. Acknowledging the sector's economic contribution, Irani encouraged sharing sustainable practices. With 1,600 GCCs employing 1.6-2 million people, she emphasized building ecosystems integrating data centers, housing, and other infrastructures, reshaping India's real estate perception.
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Xtended Space secures funding from Hindustan Media Ventures
Livemint
·
1y ago
Medial
Xtended Space, a peer-to-peer AI storage platform, has raised an undisclosed amount of funding from Hindustan Media Ventures. The investment will help Xtended Space meet the rising demand for self-storage solutions in the property technology sector. The company aims to revolutionize India's real estate sector by connecting individuals who need additional space with those who have excess real estate. This partnership with Hindustan Media Ventures will enable Xtended Space to provide affordable storage services and generate a sustainable revenue model.
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MENA Digest: Funding momentum led by two realty, construction-focused UAE startups
VCCircle
·
1y ago
Medial
Tenderd and Stake, two UAE startups focused on real estate and construction, have garnered significant funding in the MENA region. Tenderd, a sustainable construction tech startup, received Series A funding from AP Moller Holding and Saudi investors. Stake, a tech-based startup, also raised funds from top regional investors. These funding activities highlight the growing momentum and investor interest in the tech and real estate sectors in the UAE.
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Proptech platform Square Yards files 18 international patents in India and USA
Economic Times
·
1y ago
Medial
Proptech platform Square Yards has filed 18 international patents in India and the USA, focusing on virtual reality (VR), augmented reality (AR), extended reality (XR), artificial intelligence (AI), and data applications in real estate. These patents are related to technology developed by Square Yards' technology arm, PropVR, specializing in creating immersive digital twins using 3D technologies, virtual reality, and augmented reality. Several of these patents have already been granted and cover innovations ranging from interactive 3D experiences for real estate to agent ranking algorithms and real estate asset analysis tools.
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Investors in India prioritise revenue over asset building: Vinod Khosla
Money Control
·
2y ago
Medial
Vinod Khosla, a prominent investor, suggests that investors in India tend to be cautious and prioritize revenue over asset building. He argues that this approach may hinder the long-term growth potential of startups. Khosla emphasizes the importance of striking a balance between short-term profitability and creating valuable assets that can drive sustainable success in the startup ecosystem. Khosla's take on deep-tech investing echoes that of Accel's Prashanth Prakash, another veteran investor in India, who last month bluntly said that there is no real deep-tech ecosystem in India
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Startup hBits offers Rs 28 cr commercial property in Mumbai to HNIs for fractional ownership
Money Control
·
1y ago
Medial
hBits, a platform for fractional real estate ownership, is offering a Rs 28 crore commercial property in Mumbai to high-net-worth individuals (HNIs) for investment. The 13,500 square feet property in Goregaon will be leased to an Indian-origin tech multinational firm, creating an investment opportunity worth Rs 27.31 crore for retail investors. hBits aims to achieve an AUM of Rs 500 crore by March 2024 and allows investors to participate in high-yield real estate assets with a minimum investment of 25 lakh.
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