Real estate consulting firm CBRE South Asia has partnered with Nasscom to launch the second edition of the proptech challenge DISRUPTECH 2.0.
This initiative highlights emerging startups that are creating innovative tech solutions to empower the realty segment. Through the program, the startup community will also get mentorship and guidance from industry experts. Additionally, the partnership aims to support startup companies and unlock the potential to transform the real estate sector through creative, inventive and disruptive ideas.
According to industry estimates proptech market value will touch $ 1 trillion by 2030.
DISRUPTECH 2.0 begins in June 2023 and will conclude in October 2023. The entries for the challenge will be divided into categories that would be focused on ESG, Fintech, construction technology and indigenous tech for the local market. Winners under these categories will be selected at the end of this initiative and will be recognised and mentored by CBRE experts.
Anshuman Magazine, chairman and CEO, India, South East Asia, Middle East and Africa, CBRE, said, “ The pandemic has emphasized the importance of technology in the realty sector, and this initiative will enable budding startups to revolutionize the industry with their innovative solutions. We believe that this collaboration will help accelerate the growth of proptech in India and enable us to address the emerging needs of stakeholders more efficiently and effectively.”
Kritika Murugesan, senior director 10,000 start-ups, Nasscom said, “The momentous shifts in 2022 have widened the scope of proptech from property aggregators to VR platforms to on-site robotic inspections. The integration of emerging technologies has made the sector rebound from the period of lows during the pandemic to leaning heavily on technology to streamline operations for more efficient and sustainable growth. We are witnessing real-estate startups mushrooming from various sub-segments such as sales, construction, finance, and sustainability. The initiative is a positive step towards not just catalyzing a sustainable ecosystem for proptech startups in India but will also demonstrate the applications of emerging technologies and innovations that can simplify the process of property purchasing in the country.”
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