New Delhi: Funding into proptech companies declined marginally by 4 per cent to US$657 million last financial year, showing resilience despite global economic uncertainties, according to Housing.com.
Housing.com, one of the leading real estate listing platforms, reported in its report that proptech firms have generated a total of US$ 4.6 billion between the financial years 2010-11 and 2023-24, growing at a compound annual growth rate (CAGR). Is increasing from. Of 40 percent.
“In the face of global uncertainties and a general decline in fundraising across sectors over the past few years, the proptech sector has shown remarkable resilience,” said Dhruv Agarwal, Group CEO, Housing.com and PropTiger.com. Since 2010-11, he said investments in proptech firms have sustained an impressive CAGR of 40 per cent.
Aggarwal said the average deal size reached a record US$27 million in 2023-24, reflecting strong investor confidence in the digital real estate sector.Aggarwal said, “Over the last decade, and especially the last three years, the real estate sector has come a long way in adopting innovative technologies. This positive momentum is expected to continue, leading to further progress in the real estate market and Efficiency will come."
Despite global economic uncertainties, Housing.com said funding into proptech firms saw only a slight decline in 2023-24, with investments totaling US$657 million, down from US$683 million in 2022-23.
This figure represents 90 per cent of the record high investment of US$ 730 million received by the proptech sector in 2021-22. Sharing economy (coworking and co-living segments), construction technology segments have emerged as leaders in the proptech sector, capturing 55 per cent and 23 per cent respectively of the total private investment in 2023-24.These segments continue to attract substantial interest and investment, indicating their important role in shaping the future of real estate, Housing.com said.
Akhil Saraf, founder and CEO of HDFC Capital-backed proptech firm Reloy, said the use of technologies has increased significantly in the last few years, which is driving interest from investors in putting money into real estate startups.
Abhishek Tripathi, co-founder of coliving firm Settle, said, “The real estate sector in India is experiencing a remarkable phase, with demand for quality living spaces rising significantly. This boom is likely to continue due to technological disruptions and digital transformations. are supposed to." ,
He said, the share of proptech startups in the total recognized startups in the country is less than 5 percent, while the real estate sector contributes about 7-8 percent to the country's GDP.“We believe this area will attract substantial investment, including from the startup segment,” Tripathi said.
Housing.com data covers investments including private equity, venture capital, debt, PIPE (private investment in public entity), private equity investments in special purpose vehicles (SPVs), project-level investments and buyouts.
Housing.com, one of the leading real estate listing platforms, reported in its report that proptech firms have generated a total of US$ 4.6 billion between the financial years 2010-11 and 2023-24, growing at a compound annual growth rate (CAGR). Is increasing from. Of 40 percent.
“In the face of global uncertainties and a general decline in fundraising across sectors over the past few years, the proptech sector has shown remarkable resilience,” said Dhruv Agarwal, Group CEO, Housing.com and PropTiger.com. Since 2010-11, he said investments in proptech firms have sustained an impressive CAGR of 40 per cent.
Aggarwal said the average deal size reached a record US$27 million in 2023-24, reflecting strong investor confidence in the digital real estate sector.Aggarwal said, “Over the last decade, and especially the last three years, the real estate sector has come a long way in adopting innovative technologies. This positive momentum is expected to continue, leading to further progress in the real estate market and Efficiency will come."
Despite global economic uncertainties, Housing.com said funding into proptech firms saw only a slight decline in 2023-24, with investments totaling US$657 million, down from US$683 million in 2022-23.
This figure represents 90 per cent of the record high investment of US$ 730 million received by the proptech sector in 2021-22. Sharing economy (coworking and co-living segments), construction technology segments have emerged as leaders in the proptech sector, capturing 55 per cent and 23 per cent respectively of the total private investment in 2023-24.These segments continue to attract substantial interest and investment, indicating their important role in shaping the future of real estate, Housing.com said.
Akhil Saraf, founder and CEO of HDFC Capital-backed proptech firm Reloy, said the use of technologies has increased significantly in the last few years, which is driving interest from investors in putting money into real estate startups.
Abhishek Tripathi, co-founder of coliving firm Settle, said, “The real estate sector in India is experiencing a remarkable phase, with demand for quality living spaces rising significantly. This boom is likely to continue due to technological disruptions and digital transformations. are supposed to." ,
He said, the share of proptech startups in the total recognized startups in the country is less than 5 percent, while the real estate sector contributes about 7-8 percent to the country's GDP.“We believe this area will attract substantial investment, including from the startup segment,” Tripathi said.
Housing.com data covers investments including private equity, venture capital, debt, PIPE (private investment in public entity), private equity investments in special purpose vehicles (SPVs), project-level investments and buyouts.
