This year’s list of the best PropTech startups is an electric mix of hyper-growth scaleups, small creative startups, and everything in between
PropTech and Real Estate’s tech sector is booming, spurred by an ever-changing digital landscape and new consumption patterns. On-demand information and services are standard in this hyper-connected era, and the real estate industry has responded to consumer demand for immediacy. It is still a new trend in India, and its scope will surely evolve as time goes by.
This year’s list of the best PropTech startups is an electric mix of hyper-growth scaleups, small creative startups, and everything in between. These dynamics are prompting entrepreneurs and innovators to reflect on various aspects of the industry and to create startups addressing highly specific needs. We have narrowed down the startups which are disrupting the real estate sector with the concept of fractional ownership.
Definite- Definite is an innovative startup in the proptech space that provides fractional real estate ownership to investors in commercial real estate. The company’s state-of-the-art platform helps people get access to industry experts, informed by decades of CRE experience and proprietary methodologies. Incepted in 2016, Definite is a customer-centric company that focuses on maximizing the returns of investors. It boasts a user-friendly dashboard and works thoroughly on examining each deal while using conservative financial models.
hBits- hBits is a fractional ownership platform that lets users own already rented commercial real estate for as little as ₹25 lakhs with significant yields. Incepted in 2019, hBits is the most experienced and leading fractional ownership platform in the country, working at the intersection of real estate and technology. The properties listed on hBits are pre-leased and thereby categorized as Grade A assets.
Strata-Strata, a Bengaluru-based real-estate investment tech. Strata has been able to create a simple, low-cost way for anyone to access real estate’s historically consistent and exceptional return. The alternate real estate asset class has been the playground for large institutional investors. With Strata, individual investors can now access real estate investing without needing to invest large sums of money.
MYRE Capital- MYRE Capital is a tech-enabled platform that provides easy access, transparency, and liquidity to a curated selection of rent-yielding commercial real estate assets. Each asset is selected based on stringent criteria involving predictive analytics across 30+ data points, 25 years of industry expertise, and our proprietary SOUL process. MYRE Capital will enable investors to co-benefit by allowing fractional ownership to our asset portfolio.
Source: Business World
