In a move that is sure to disrupt India’s real estate sector, The Confederation of Real Estate Developers’ Associations of India (CREDAI) and startup incubator Venture Catalysts have come together to set up a $100-million proptech fund to invest in startups.
The fund will invest in early- to growth-stage startups that have the potential to transform the real estate industry through technology, data analytics, blockchain, AI and augmented reality. It will focus on startups catering to all the major segments of real estate, including residential, commercial, institutional (hotels, schools, hospitals) and industrial (warehouses, factories etc), said a press statement.
