Report Description

The India Proptech Market is anticipated to register a high CAGR in the forecast period,2024-2028. PropTech is a term used to describe property technology that is based on emerging information technologies to help consumers and businesses conduct real estate research, acquire, sell, and manage their properties. PropTech employs digital innovation to satisfy the expectations of the real estate business with IoT Security. Buyers, brokers, lenders, and landlords are just a handful of the numerous participants in the real estate sector that PropTech technology aims to connect and update. Proptech is often divided into two categories: residential proptech and commercial proptech. Residential proptech refers to digital solutions made by real estate businesses to enhance the purchasing or renting of properties. Property search platforms powered by AI, property selling tools, financing tools, mortgage lender software, property management tools (IoT-powered tools), and so on are examples of this. Proptech in commercial real estate refers to the tools that businesses use to find, rent, and sell office, industrial, and retail property assets. Property search platforms, construction planning and management tools, assessment and finance tools (transaction underwriting & management, debt financing platforms, etc.), property management tools (IoT-powered tools), and asset utilization tools are examples of such products (co-working & co-living spaces management, retail and industrial buildings management, etc.) The Indian real estate business has been sluggish to adapt to change. While many have recognised the need of using proptech, others are still catching up. Companies that fail to adapt to change may become inefficient and fall behind. Real estate firms must adopt new technologies and techniques to remain competitive. Proptech will have a tremendous influence on the industry in the future, having the potential to fundamentally revolutionise and disrupt it. Future real estate winners and losers will be determined by their readiness to evolve and incorporate proptech into their operations. Technology is a new industry, and technological convergence, cloud computing, and digital transformation are transforming the PropTech industry drastically. PropTech technology is being introduced to boost efficiency, personalise property management, and reduce the costs and resources associated with real estate transactions, which will most certainly benefit the India Proptech sector.

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 available, 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. Lack of standardized data on the real estate industry makes it difficult for Proptech startups to develop reliable algorithms for property valuation and other services. The real estate industry in India is heavily regulated, and Proptech startups must navigate a complex regulatory landscape to operate in the market. This can be a significant barrier to entry for new startups and can limit the growth of existing players. Despite these challenges, the Indian Proptech market is poised for significant growth in the coming years. With the right strategies and technologies in place, Proptech startups can overcome these challenges and transform the Indian real estate industry.


Download Free Sample Report

Market Segments

India Proptech Market is divided into Solutions, Applications, Deployment and End Users, Region and Competitive Landscape. Based on Solutions, the market is divided into Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others. Based on Applications, the market divided into Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others). Based on Deployment, the market is divided into On-Premises and Cloud. Based on End Users, the market is divided into Housing Associations, Real Estate Agents, Property Investors, Others

Market Players

Major market players in India Proptech Market are Livspace.com, House of Kieraya Private Limited (Furlenco), NoBroker Technologies Solution Pvt. Ltd,Square Yards,Clicbrics Technologies pvt. ltd, Zolostays Property Solutions Private Limited, NestAway Technologies Pvt Ltd, Magicbricks Realty Services Limited, Proptiger.com and Infra.Market.

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 – 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

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, India Proptech Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  •       India Proptech Market, By Solutions:

o   Business Intelligence

o   Facility Management

o   Portfolio Management

o   Real Estate Search

o   Asset Management

o   Enterprise Resource Planning

o   Others

  • India Proptech Market, By Applications:

o   Residential

§  Multi-Family Housing

§  Single Family Housing

§  Others

o   Commercial

§  Retail Spaces

§  Office Spaces

§  Others

  • India Proptech Market, By Deployment:

o   On-Premises

o   Cloud

  •       India Proptech Market, By End Users:

o   Housing Associations

o   Real Estate Agents

o   Property Investors

o   Others

  •       India Proptech Market, By Region:

o   North India

o   South India

o   West India

o   East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Proptech Market

Available Customizations:

 TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Proptech Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Proptech Market

4.    Executive Summary

5.    Voice of Customers

5.1.        Awareness of Proptech Service

5.2.        Major Applications of Proptech Service

5.3.        Key Benefits of Proptech Service

5.4.        Key Vendor Selection Parameter

5.5.        Major Challenges in Proptech Service Adoption

5.6.        Key Vendor Challenges

6.    INDIA Proptech Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Solutions (Business Intelligence, Facility Management, Portfolio Management, Real Estate Search, Asset Management, Enterprise Resource Planning, Others)

6.2.2.    By Applications (Residential (Multi Family Housing, Single Family Housing, Others), Commercial (Retail Spaces, Office Spaces, Others,))

6.2.3.    By Deployment (On-Premises, Cloud)

6.2.4.    By End Users (Housing Associations, Real Estate Agents, Property Investors, Others)

6.2.5.    By Region (North India, South India, West India, East India)

6.2.6.    By Company (2022)

6.3.  Market Map

7.    North India Proptech Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Applications

7.2.2.    By Deployment

7.2.3.    By Solutions

7.2.4.    By End Users

8.    South India Proptech Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Applications

8.2.2.    By Deployment

8.2.3.    By Solutions

8.2.4.    By End Users

9.    West India Proptech Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Applications

9.2.2.    By Deployment

9.2.3.    By Solutions

9.2.4.    By End Users

10. East India Proptech Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Applications

10.2.2. By Deployment

10.2.3. By Solutions

10.2.4. By End Users

11. Market Dynamics

11.1.     Drivers

11.1.1. Growing Demand for Secure Data Aids Market Expansion

11.1.2. Adoption of several cutting-edge technology-based real estate solutions and services.

11.1.3. The increased value of long-term assets PropTech is a solution.

11.2.     Challenges

11.2.1. Involvement of venture capitalist and private equity investors.

11.2.2. In the INDIA PropTech business, there is a lack of systematic methods to transparency in important market features and numbers.

12. Market Trends & Developments

12.1.        Small and medium-sized businesses are on the rise.

12.2.        Due to opportunities, significant internet penetration, and a surge in middle- and upper-income families.

12.3.        Due to favorable government laws, the industry has room for expansion.

12.4.        More finance has fueled the expansion of start-ups and small businesses, allowing them to scale up.

12.5.        Utilization of technology by Investors.

12.6.        Using edge computing services more frequently.

13. Porter’s Five Forces

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Company Profiles

16.1.               Livspace.com

16.1.1.   Business Overview

16.1.2.   Key Revenue and Financials (If available)

16.1.3.   Recent Developments

16.1.4.   Key Personnel

16.1.5.   Key Product/Services

16.2.               HOUSE OF KIERAYA PRIVATE LIMITED(FURLENCO)

16.2.1.   Business Overview

16.2.2.   Key Revenue and Financials (If available)

16.2.3.   Recent Developments

16.2.4.   Key Personnel

16.2.5.   Key Product/Services

16.3.               NoBroker Technologies Solution Pvt. Ltd

16.3.1.   Business Overview

16.3.2.   Key Revenue and Financials (If available)

16.3.3.   Recent Developments

16.3.4.   Key Personnel

16.3.5.   Key Product/Services

16.4.               NestAway Technologies Pvt Ltd

16.4.1.   Business Overview

16.4.2.   Key Revenue and Financials (If available)

16.4.3.   Recent Developments

16.4.4.   Key Personnel

16.4.5.   Key Product/Services

16.5.               Infra.Market

16.5.1.   Business Overview

16.5.2.   Key Revenue and Financials (If available)

16.5.3.   Recent Developments

16.5.4.   Key Personnel

16.5.5.   Key Product/Services

16.6.               Proptiger.com

16.6.1.   Business Overview

16.6.2.   Key Revenue and Financials (If available)

16.6.3.   Recent Developments

16.6.4.   Key Personnel

16.6.5.   Key Product/Services

16.7.               Zolostays Property Solutions Private Limited

16.7.1.   Business Overview

16.7.2.   Key Revenue and Financials (If available)

16.7.3.   Recent Developments

16.7.4.   Key Personnel

16.7.5.   Key Product/Services

16.8.               Magicbricks Realty Services Limited

16.8.1.   Business Overview

16.8.2.   Key Revenue and Financials (If available)

16.8.3.   Recent Developments

16.8.4.   Key Personnel

16.8.5.   Key Product/Services

16.9.               Square Yards

16.9.1.   Business Overview

16.9.2.   Key Revenue and Financials (If available)

16.9.3.   Recent Developments

16.9.4.   Key Personnel

16.9.5.   Key Product/Services

16.10.            Clicbrics Technologies Pvt. ltd

16.10.1.   Business Overview

16.10.2.   Key Revenue and Financials (If available)

16.10.3.   Recent Developments

16.10.4.   Key Personnel

16.10.5.   Key Product/Service

17. Strategic Recommendations

17.1.               Proptech industry could benefit from technology-powered planning procedures.

17.2.               Market Dominance by Region

18. About Us & Disclaimer

Note: India Proptech Market for any year represents the market during the period i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.

Figures and Tables

Frequently asked questions

down-arrow

Main market players are Livspace.com, Zolostays Property Solutions Private Limited, House of Kieraya Private Limited (Furlenco), NoBroker Technologies Solution Pvt. Ltd, NestAway Technologies Pvt Ltd, Square Yards, Clicbrics Technologies Pvt. Ltd, Infra.Market, Proptiger.com and Magic bricks Realty Services Limited.

down-arrow

The major segments of the India Proptech Market are Solutions, Applications, Deployment and End Users.

down-arrow

The North India region is anticipated to see rapid CAGR growth between 2024 and 2028.

down-arrow

Increasing demand for affordable housing, need for transparency in real estate transaction and Growing adoption of digital platforms are drivers for India proptech market.

profile

Sakshi Bajaal

Business Consultant
Press Release

India Proptech Market Is Expected To Register A High CAGR In The Forecast Period 2024-2028

Mar, 2023

The adoption of various cutting-edge technology-based real estate solutions and services is projected to propel the India Proptech Market''s growth.