The convenience offered by the new age technologies has rendered a new real estate setup making it a reliable source for professionals to upgrade from an archaic lagging process to an advanced tech-based, transparent, and accessible function. It allows real estate professionals to engage in a closely knitted technological ecosystem, helping them facilitate their functions smoothly and hassle-free. The evolution of tech innovation in the real estate industry has traveled a long way from just having online brokerage platforms to extending way beyond and getting into Augmented Reality, Artificial Intelligence, Virtual Reality, etc. to provide smart solutions for services, and create a virtual stimulus for real- estate professionals.
From co-working spaces to enabling property professionals to ideate, create, and transact digitally, here are top 5 Indian startups, reshaping the real-estate industry with innovative technology to a new PropTech phase.
Trezi – Collaboration has been one of the biggest challenges in the building industry leading to waste in of resources, time, and cost. With Trezi, architects, designers, contractors, real-estate developers, prospective buyers and tenants will experience the project’s design at full scale using its visualization, spatial awareness, interactivity with design elements and data management features. Trezi dramatically improves the understanding, communication and translation of interior design for all stakeholders in the design process, resulting in reduced errors and omissions, time spent re-visiting decisions, and material wastage. Founded in 2015 by Tithi G. Tiwari and Gautam Tiwari, SmartVizX is on a mission to become the leading immersive design collaboration platform for the building industry that brings together all stakeholders in the design project.
Renewate – Founded in 2018, Renewate is a Pune based technology company that digitizes the Renovation Industry by providing them with a platform where they can educate themselves about the latest trends of the market, Ideate and cope up with the rapidly growing counterparts, Create with the help of tools like AI and AR, and Transact Digitally. The Company was established with the idea to bridge the rapidly increasing technological gap between the various sub-sectors of the Renovation Industry like Architecture, Design, Construction etc, and boost their economy by securing and fastening the sales cycle with the help of technology. Founded by Debashree Ghatak, an architect with 12+ years of experience of working with top Architecture firms and Real Estate developers, and Supratik Ghatak, an avid Techie with 15+ years of experience in Management and Product Marketing working at Senior roles at major technology and telecom companies.
Cowrks – Cowrks, One of the pioneers of the Indian co-working industry, offers trendy offices to start-ups, freelancers, and enterprises in order to save their hassle of maintaining a workplace. They currently offer – Virtual Office, Private Space, Flexible Desks, and Dedicated Desks that are equipped with technologies such as facial recognition, and behavioural pattern and social interaction analyses to collect data insights. While most coworking spaces are filled up by freelancers and startups, Cowrks boasts a 50% hip with large enterprises like Alibaba, Boeing and Standard Chartered, indicating a shift in property investment by large enterprises because of lower maintenance costs and increased productivity.
Ghar360 – Founded in 2013 by Sanju Thomas and Ajesh Joy, Ghar360 is a cloud-based 3D Augmented Reality platform that allows s to design and visualize the home interiors within minutes enabling them to get a better understanding of the home interiors even before it is physically constructed. Their aim is to reinvent the interior deg space by integrating real products into a virtual tool. The platform currently hosts vendors across 80+ categories that sell home products both offline as well as online. They are on a mission to create a solution that can make a huge impact in the lives of their prospective customers with technologies such as 3D Augmented Reality, Virtual Reality and AI-Cloud.
Livspace – Founded in 2015, by Anuj Shrivastava and Ramakant Sharma, Livspace is a one-stop solution for people requiring home renovation making by providing them with solutions to make their renovation process a breeze. Their objective is to leverage technologies such as Artificial Intelligence, Virtual Reality and 3D rendering to deliver a fulfilling design experience and match consumer expectations. Currently hosting 1500+ designers, Livspace has spread its wings in 15 cities and is now a trusted brand for complete home interior design for thousands of homeowners.
