According to TechSci Research report, “India Proptech Market - By Region, Competition Forecast & Opportunities, 2018-2028,” the India Proptech Market is expected to register robust growth during the forecast period, 2024-2028. Proptech, short for Property Technology, encompasses technological innovations tailored for the real estate sector. The Indian Proptech market has witnessed substantial growth recently and is poised for continued expansion in the years ahead.
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Proptech refers to technology-driven solutions that enhance the processes of buying, selling, analyzing, and managing real estate. It leverages advanced tools such as big data, artificial intelligence (AI), machine learning, virtual reality (VR), augmented reality (AR), the Internet of Things (IoT), 5G, and blockchain. With increasing government emphasis on real estate and technology integration, India's Proptech sector is primed for a promising future. The dynamic real estate market and entrepreneurial surge are likely to foster a robust Proptech ecosystem that revolutionizes property management practices. While currently nascent, this industry is expected to witness rapid evolution as real estate and Proptech converge in the coming years.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the "India Proptech Market”
India's real estate landscape is rapidly embracing digital transformation, aligning with the sector's recent expansion. The surge in digital technologies is driven by diverse property segments including residential, commercial, hospitality, and facility management services. The adoption of smart property management systems is a key driver propelling the India PropTech Market forward. Real estate players are modernizing their business models to cater to the expectations of tech-savvy consumers, thereby enhancing operational efficiency across leasing, sales, marketing, and property management functions. This technological integration is reshaping the local real estate sector, enhancing customer experiences through intelligent and efficient Proptech solutions.
As the demand for secure data management grows, Proptech solutions are pivotal in safeguarding critical information such as transaction records, rental rates, actual sale prices, and secondary market transactions. Proptech platforms enable stakeholders to access accurate property details and transaction terms securely, reinforcing database integrity and compliance. This emphasis on secure data handling is driving nationwide expansion within the Proptech Market, facilitating more transparent and efficient real estate transactions across India.
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 Agents, Property Investors, Others).y
Key market players in the India Proptech Market include:
Magicbricks Realty Services Limited
House of Kieraya Private Limited (Furlenco)
Clicbrics Technologies Pvt. Ltd
NoBroker Technologies Solution Pvt. Ltd
NestAway Technologies Pvt Ltd
Square Yards
Zolostays Property Solutions Private Limited
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“The Indian Proptech market has seen significant growth in the last few years, driven by the increasing demand for affordable housing, the need for transparency in real estate transactions, and the growing adoption of digital platforms. With the current developments in proptech, startups may more carefully choose their area of interest, pinpoint their ideal market, and put the best strategies into action to achieve their objectives. Agents and investors are anticipated to continue to be interested in cutting-edge technology even after the necessity for masks and social distance has subsided since PropTech has enabled real estate firms thrive despite the pandemic. The ongoing focus on property technology in future innovations is predicted to increase over the forecast period, 2023-2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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 Agents, Property Investors, Others), By Region, Competition Forecast & Opportunities, 2018-2028,” has assessed the India Proptech market's future development potential and provides data and information on market size, structure, and projected market growth and assists decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, constraints, and opportunities in the India Proptech market.
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