India PropTech Market By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Applications ((Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others)), By Deployment (On-Premises, Cloud), By End Users (Housing Associations, Real Estate

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format

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India PropTech Market By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others), By Applications ((Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others)), By Deployment (On-Premises, Cloud), By End Users (Housing Associations, Real Estate

The India Proptech Market

A growing reliance on cutting-edge technology-based real estate solutions and services

Advances in IoT and associated use cases in data gathering and analysis have given data-driven decision making a considerable boost. Any industrial, commercial, or residential setting may be automated to collect and analyse data on water and energy consumption, movement and occupancy, and machine health and productivity. The residential segment of the Proptech business has grown significantly. This information can assist decision-makers who want to boost output, and have a positive impact on the environment.

Proptech has the ability to alter the relationship between landlords and tenants. Landlords may use proptech solutions like smart gadgets and sensors (IoT) to see how renters use the property. Property owners may check on their properties remotely utilising security and maintenance data, without having to visit them. Virtual reality technology eliminates geographical borders. Virtual house tours are found at, allowing property owners and tenants to conduct them from the comfort of their own homes.

India Proptech Market Challenges

While there has been a growing adoption of digital platforms in the real estate industry, a significant portion of the population still lacks the digital literacy to use these platforms effectively. This limits the reach of Proptech startups and makes it difficult for them to scale their businesses.

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Market Segments

Market Players

Major market players in


MIR Segment1

Recent Developments

In November 2022 Livspace, a Singapore-based proptech startup, is earmarking USD100 million to buy other companies that might support its expansion plan. Livspace is now in "active conversations" with eight to nine companies and hopes to purchase three to four organisations. Through these transactions, it hopes to expand in Singapore, India, Malaysia, and the Middle East.

Attribute

Details

Base Year

2022

Historic Data

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Solutions

Applications

Deployment

End Users

Regional scope

North India, South India, West India, East India

Key companies profiled

Livspace.com, Zolostays Property Solutions Private Limited, Magicbricks Realty Services Limited, House of Kieraya Private Limited (Furlenco), Clicbrics Technologies Pvt. ltd, NoBroker Technologies Solution Pvt. Ltd, NestAway Technologies Pvt Ltd, Infra.Market, Proptiger.com, Square Yards

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