Real estate startups in India are revolutionizing the buying, selling, and leasing of real estate. These businesses are using data and analytics to give buyers, sellers, and renters a more effective, convenient, and transparent experience thanks to the development of digital technologies. In this post, We’ll talk about Top 10 Best Real Estate Startups in India
With virtual tours, online property listings, digital document management, and online payments, these startups are making it simpler than ever to navigate the Indian real estate market. These firms are gaining traction and garnering sizable investment despite difficulties like a lack of regulations and standards. The most promising real estate startups in India, the challenges they encounter, and their potential to upend the established real estate market will all be examined in greater detail in this article.
If you are facing the problem of building a dream home for yourself and your family, then real estate companies are your one-stop destination. The total size of the real estate industry is USD 170 billion (Rs 12,24,000 crore) and it also supports the financial sector. Currently, the real estate sector contributes 6% of the country’s GDP. India ranks 34th out of 99 countries in which 163 cities are also included, according to reports.
After the agriculture sector, the real estate industry is the second largest employment generator in India. So without any further ado, let us have a look at the list of Top 10 Best Real Estate Startups in India.
NestAway is a platform that manages owner-owned properties and enables users to rent out homes. Tenants of these homes can avail of the services of NestAway for periodic repairs and maintenance of the home by paying an additional fee.
Its headquarters is situated in Bengaluru. It is founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, And Jitendra Jagadev in 2015.
Colive is a technology-powered network of fully managed ready-to-move-in homes, conveniently located close to IT parks and business hubs. Colive homes are fashionably modern and equipped with all modern tech-enabled safety features. All homes are fully serviced & professionally managed while offering flexible & affordable options for modern living.
It is currently present in Banglore, Chennai, and Hyderabad. It is founded in 2016 by Suresh Rangarajan.
ZoloStays is a real-tech co-living-focused app that provides ready-to-move-in rooms/beds. It was founded in 2015 by Dr. Nikhil Sikri, Akhil Sikri, and Sneha Chowdhary. Zolo focuses on the community aspect of co-living and organizes online and offline events to bring the community together.
ZoloStays has both a revenue-sharing and leased model.
QuikrHomes is one of the best and most trustworthy real states. QuikrHomes allows you to browse through millions of property listings across 900+ cities. It was founded by Pranay Chulet and Jiby Thomas in 2008.
Ghar360 is a cloud-based 3D augmented reality platform that is reinventing the interior shopping experience by digitizing the floor plan into interactive walkable spaces. This product not just gives the aerial view of the floor plans but also gives an option to even go inside the house which would give a realistic feeling that the person is already in the home even before it is constructed and more interestingly it’s as simple as playing a Counter Strike or an IGI game.
This provides a better look and feels for the customers on how their house interiors would look even before it is purchased. We are integrating real products into our product so that the users try, visualize, and play around with it before they buy them.
In 2012, Bangalore-based startup Ghar360 was founded by Ajesh Joy and Sanju Thomas.
PropTiger is an independent real estate consultant with a pan-India presence. They have vast experience and knowledge of real estate in India, and they want to be your first port of call if you are looking to buy a residential property in India.
Led by a group of dynamic and visionary investors, PropTiger aims to utilize its vast knowledge of the real estate sector to help those who wish to buy property in India. It is founded in 2011 by Dhruv Agarwal.
Findbhk is the Chennai based property deals portal which aggregates best deals from the real estate developers and helps buyers to save some lakhs while purchasing the property. They list more deals in the developing localities and in the outskirts of metro, one can find best deals on flats for sale in Medavakkam, Perumbakkam, Tambaram and in other emerging micro markets.
They assist real estate developers during new launches, stock clearance and to accelerate the existing project sales.
NoBroker is a popular real-estate platform that lets you rent/sell/buy properties without paying any brokerage. You can use their verified list to get your dream property by contacting the property owner directly. You can also easily post free property ads by adding some descriptions.
It is founded in 2014 by Amit Kumar Agarwal, Saurabh Garg, and Akhil Gupta.
Square Yards is India’s largest integrated platform for Real Estate & Mortgages and one of the fastest-growing Proptech platforms in UAE, the Rest of the Middle East, Australia & Canada. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search & discovery, transactions, home loans, interiors, rentals, property management, and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, 150,000+ Agents and 100+ banks & NBFCs.
Square Yards is also building B2B disruptive SaaS platforms for stakeholders such as Developers, Banks, and Agents. It is founded in 2014 by Tanuj Shori and Kanika Gupta.
StayAbode is a co-living community for like-minded tenants, where collaboration is treated as privacy. It has a presence in cities like Bengaluru, Delhi, Mumbai, Hyderabad, and Chennai.
Its Headquarters is in Bangalore, Karnataka, India and it is founded in 2016 by Varun Bhalla, Viral Chhajer, and Gokul Nair.
Housr Technologies Pvt. Ltd. acquired StayAbode, and the business is now expanding under the Housr name.
Grexter Living offers built-to-suit urban studio rooms, which cater primarily to salaried employees, fresh graduates, and teachers. Grexter works with the property owner.
The company collects block owners, manages the deposit, and creates a legal contract between the homeowner and the home seekers. Grexter was founded in 2016 by Pratul Gupta and Nikhil Dosi.
awfis is an Indian company that offers co-working spaces to startups, freelancers, and entrepreneurial communities. It has more than 77,000 seats in 131 centers across India.
The office was founded by Amit Ramani in April 2015 with 8 centers. It introduced a mobile app that enables users to book office and meeting spaces at its centers across the country.
In conclusion, real estate startups in India are significantly changing the traditional real estate market by utilising digital technologies to give buyers, sellers, and tenants a more effective and pleasant experience. These firms have encountered many difficulties, such as a lack of norms and standards, but they have also received significant investment and are gaining ground in the market. Despite the difficulties, these firms have the ability to upend India’s established real estate sector and create a more open and effective marketplace.
Online property listings, virtual tours, digital document management, and online payments are some of the most promising businesses in the Indian real estate market. These businesses are assisting in streamlining and improving customer accessibility of the real estate purchasing, selling, and renting processes.
Overall, India’s real estate entrepreneurs are simplifying and streamlining the purchasing, leasing, and selling of property for consumers. These startups are probably going to become more significant players in the Indian real estate sector over the coming years as digital technologies continue to develop.
Frequently asked questions (FAQs)
Which are the Top 10 Best Real Estate Startups in India in 2023?
NestAway, Colive, ZoloStays, QuikrHomes, Ghar360, PropTiger, NoBroker, Square Yards, StayAbode, Grexter Living, and awfis are the Top 10 Best Real Estate Startups in India in 2023.
What are real estate startups in India?
Indian real estate startups are businesses that use digital technology to make the buying, selling, and renting of properties more effective and convenient. These startups frequently make use of internet platforms to link buyers and sellers, offer virtual tours, make it easier to maintain digital documents, and accept payments online.
Who are the founder of NestAway?
NestAway headquarters is situated in Bengaluru. It is founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, And Jitendra Jagadev in 2015.