PropTech firms in India have seen a 50% growth in the last quarter, driven by demand from real estate developers and homebuyers. According to a report by Inc42, PropTech firms are using technology to streamline the homebuying process, from property search to documentation and payment.
Firms like Housing.com, PropTiger, and Makaan.com are offering a range of services, including property listings, virtual tours, and home loans. The report estimates that the PropTech market in India is expected to reach ₹1,500 crore by 2028, driven by the growing demand for digital solutions in the real estate sector.
Companies like Godrej Properties, Oberoi Realty, and Tata Housing are partnering with PropTech firms to offer digital solutions to their customers. Navi Mumbai, Thane, and Panvel are expected to be key markets for PropTech firms, with a large number of homebuyers and developers in these regions.
