Shared Economy and ConTech: Leading PropTech Trends of 2024
In this episode of ‘Keeping It Real by Housing.com’, the focus is on the PropTech sector’s resilience and growth in India from FY 2011 to FY 2024, which saw investments of $4.6 billion at a CAGR of 40%. This sector leverages technology to transform traditional real estate, enhancing efficiency and transparency across the property lifecycle. Despite global economic challenges, PropTech funding in India slightly dipped to $657 million in FY 2024 from USD 683 million in FY 2023.
The shared economy segment, driven by the demand for flexible living and working spaces, captured 55% of investments, while construction technology attracted 23%. The shared economy’s rebound post-pandemic led to a significant rise in investments. Construction technology continues to emerge, addressing efficiency and cost challenges in complex projects. Other segments like sales and marketing saw reduced investments as PropTech diversified. Dhruv Agarwala, CEO of Housing.com, emphasised the sector’s sustained growth and investor confidence, highlighting its transformative impact on Indian real estate.
