Proptech is reshaping the Indian real-estate sector at a time when the industry needs a real shot in the arm. Inc42 has published an in-depth analysis of the topic.
The most visible shifts so far have been in residential real-estate, where companies have built platforms to ease home buying transactions. On the commercial side, co-working providers like 91springboard, Oyo Workspaces and Innov8, Awfis and WeWork are doing their bit to disrupt the office space market.
India’s real-estate sector is expected to reach a market size of USD 1 Trillion by 2030. With tech as an enabler for real estate, Indian proptech startups received $242 Million between FY16 to FY18. Owing to that, proptech players like Square Yards are consuming primary residential sales market share across the country.
Published by: Inc42
Date: 30 October 2019