Over the last few years, the umbrella term PropTech has come to cover the use of digital technology in construction technology, property management, interior design and sales & marketing of properties. CXOs also see digital transformation as an imperative in the property market. As with many other sectors, COVID-19 pandemic has forced all the stakeholders of the real estate market to seek digital solutions.
Short for ‘technology in the property domain’, PropTech is expected to meet the changing needs of the real estate ecosystem in the digital world. Today’s PropTech goes beyond online search and leverages virtual reality, augmented reality, drones, and Internet of Things (IoT), seamlessly integrating with the realty sector, optimizing the way people purchase, sell and use a property.The amalgamation of the tech industry with real estate helps all parties involved – investors, developers, real estate agents, and property management companies. PropTech attempts to make the realty industry easier, efficient, and easier to navigate.
We have pointed down the startups that are focused on saving your time and thriving your money at the same time:
Definite– Definite is an innovative startup in the proptech space that provides fractional real estate ownership to investors in commercial real estate. The company’s state-of-the-art platform helps people get access to industry experts, informed by decades of CRE experience and proprietary methodologies. Incepted in 2016, Definite is a customer-centric company that focuses on maximizing the returns of the investors. It boasts a user-friendly dashboard and works thoroughly on examining each deal while using conservative financial models.
MYRE Capital- MYRE Capital is a tech-enabled platform that provides easy access, transparency, and liquidity to a curated selection of rent yielding commercial real estate assets. Each asset is selected based on stringent criteria involving predictive analytics across 30+ data points, 25 years of industry expertise, and our proprietary SOUL process. MYRE Capital will enable investors to co-benefit by allowing fractional ownership to our asset portfolio.
Smart Owners– SmartOwner is Asia’s largest property investment management company and marketplace. They bring together the financial expertise of a large PE fund, the legal expertise of a major law firm, and the real estate expertise of a top developer and operator onto a common platform to give real estate investors access to exclusive high-return opportunities.
CareerSocially- At CareerSocially, their vision is to create holistic solutions for realty developers/promoters/stakeholders that can minimize the expenses of participants at every stage of real estate transactions. They have advanced and intelligent solutions equipped with key performance metrics that help to monitor and gauge the efficiency and effectiveness of each activity at a granular level, from initial project marketing until the closing of deals.