India’s real estate market is vast. Many companies are today attempting to diversify their services and operational locations to target the significant population that will be using their services ideas even as they provide a new experience and economical way of living are being provided by the companies in the form of options. As a result, this market thrives because the demand for buying and mortgaging property is never-ending.
Also, the blend of real estate and technology has recently grown in popularity. The reason is simple: today’s businesses rely heavily on technology, and real estate is particularly vulnerable to technological disruptions. PropTech is becoming increasingly important due to changing customer needs and advanced technology such as artificial intelligence and virtual reality.
Having said that, let’s look at the top 5 real estate startups that are gaining attention.
Infra.Market is a one-stop shop for all types of construction materials. To name a few, they provide ready-mix concrete, flyash, construction chemicals, aggregate, and cement. Their products can also be purchased from a single website rather than negotiating prices with multiple vendors.
Infra.Market allows users to store invoices, purchase orders online, and pay via bank transfer. Customers can ‘Buy Now – Pay Later’ with their payment solution (BNPL). This eliminates the hassle of repeatedly remembering and punching credit/debit card details, allowing consumers to buy in bulk and settle their payments when convenient.
Whether they are first-time homebuyers or owners of homes of all types, Clicbrics caters to various market segments with its online real estate platform. Choosing a house to call home is easy with Clicbrics since it offers ample information about the property.
Clicbrics enables buyers to select the best properties that meet their requirements. It is India’s first online marketplace that uses AI and Machine Learning algorithms to provide real-time price trends and transactional pricing to all real estate stakeholders.
Clicbrics’ customers can access everything from real-time updates on a project they’ve invested into searching for the perfect property. In addition, Clicbrics with its property valuation tool aims to provide accurate home pricing in India.
The home design platform Livspace aims to create a holistic approach to aesthetics or environments, and it offers a complete solution tailored to the needs of owners and designers.
Hundreds of local residential designers are empowered by the design service. They accomplish this by assisting designers in creating home decor looks and digitally laying out rooms in 2D and 3D. Furthermore, homeowners can explore meticulously planned homes in 3D virtual or augmented reality.
NestAway is based in Bangalore, India, with a presence in 13+ cities, including Delhi, Hyderabad, and Mumbai.
This idea came into life to solve the problem of bachelors after not being the choice of the homeowners and the exorbitant rents in the decent localities for the home seekers.
This company uses a business model to provide house owners and seekers services without brokerage fees and hidden charges. However, it charges a fixed percentage of the total rent generated from home as its commission and ensures that the rent is paid before the 5th of every month.
NestAway offers both fully furnished and semi-furnished apartments. It also provides a wide range of options to meet the needs of home buyers, ranging from 1BHK to 8BHK luxury villas. They operate through a mobile app, which offers furnished home bookings and services such as home cleaning and electric and plumbing checks.
Zolo provides fully managed co-living spaces. They are a technology startup providing a hassle-free, long-term living experience to working professionals and students. Its living spaces offer all kinds of basic and luxury living amenities. Zolo’s biggest USP for a resident comes from a vibrant residential community, omnichannel platform, and top-notch services.
As of now, Zolo has a presence in 10 cities – Bangalore, Coimbatore, Pune, Kota, Noida, Gurugram, Hyderabad, Mumbai, and Chennai – and is rapidly expanding to other regions.
Ghar360, through its intelligence-enabled technology, allows builders to showcase their projects, and they can collaborate with people who are planning to build a home. It also showcases house elevations, plans, interior designs and other home-related products.
The platform also permits them to associate more information that makes it more accessible on the web – each project can be uploaded with several images, videos, concepts, team members, drawing files and much more.
A range of real estate services is available through Quickr Homes, such as Buying, Selling, and Leasing Commercial & Residential Properties.It has built a robust technology platform that benefits consumers, developers, and brokers in the digital age.
Every step of the process, from pre-purchase to project planning , is handled with personalised attention by their professional team
The pandemic has turned out to be a crucial turning point for the proptech space in India. Like many other sectors, real estate leveraged the digital acceleration witnessed during this period. The adoption of new-age technologies such as artificial intelligence & machine learning, virtual & augmented reality and blockchain has opened up new opportunities for startups and proptech and hence these startups in the real estate sector have a long way to go.