Indian Proptech Portal GHAR reports that Birla Estates, the Aditya Birla Group's real estate subsidiary, has made a major move in Mumbai. For ₹537.42 crore, the business bought a 24.5-acre block of land in the Mumbai Metropolitan Region (MMR) in Kalwa on the Thane-Belapur Road.

REA Group, an Australian digital real estate advertising company, will launch its first India Global Capability Centre (GCC) in Gurugram in October. Steve Maidment, the company's chief technology officer, intends to raise India's employment to 10% of its worldwide team within two years.

Brigade REAP announced Cohort 16 applications, with mentoring starting July 10, 2024. This 16-week hybrid programme advances construction, hotel, green tech, and proptech firms.

Anarock, an Indian real estate leader, received a massive Rs 200 crore investment from 360 ONE Asset Management, previously IIFL Asset Management. Anarock is part of 360 ONE, which manages over $54 billion in assets, and this financial injection is substantial.

Tech-enabled fractional commercial real estate investment pioneer Strata is on track to attain a breakthrough AUM goal of INR 2,000 crore by the end of the 2023-24 fiscal year. The upcoming fractional ownership regulation amendments match this ambitious ambition.

Planet Smart City's flagship 'Universe' project in Hinjewadi's Life Republic township is practically sold out. With over 88% of residential and 91% of commercial units sold, Kolte-Patil Developers (KPDL) helped achieve this achievement.

Blox, a real estate purchase platform, raised $12 million, or roughly 100 crore, in a series A financing round, the largest in India's proptech business. Silicon Valley investors, new strategic investors, and angel investors—including CRED founder Kunal Shah—backed this round.

One of the latest entrants in the Indian proptech industry, Blox enables rapid scheduling of site visits and assigns a dedicated relationship manager to help with virtual and actual site visits across the city.

Indian real estate and Proptech could be the perfect combination for overcoming the post pandemic blues. It is time for Proptech to come in the forefront.