Now a days, every startup provides services at your doorstep. You can have answers for all your problems with few clicks on internet.
Now technology has made this easy. You can have all information related to property with few clicks on internet. Real estate industry is using enhanced technologies like Machine Learning, AI and other powerful tools. Real estate became the current trending search among the working employees and students who are away from their hometown.
Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or washing machine. Land will only double its value in ten years.
– Sam Shepard, American actor, and author
In 1980s, 22% of the people used newspaper ads to look for property. However, accroding to a 2018 report, over 44% people use internet to look for properties. Lets see what are some of the best Real Estate startups in India and what do they offer?
You can also check startups in other sectors.
Quikr is a Bangalore-based Indian classified advertising platform founded by Pranay Chulet and Jiby Thomas in 2008. They provide platforms to various categories such as household goods, cars, mobile phones and also real estate. QuikrHomes is a merged property portal of Quikr with CommonFloor, which was launched in September 2015. It allows the users to search for residential, commercial and agricultural properties to either buy or rent out.
QuikrHomes is currently present in over 1000 cities and towns all across India including Pune, Delhi, Channai, Bangalore, Mumbai and Hyderabad. 35% of Quikr’s revenue comes from QuikrHomes. Quikr raised more than $437 million in funding series and has also acquired 14 organizations.
NestAway is a Bangalore-based online platform founded by Amarendra Sahu, Smruti Pardia, Deepak Dhar and Jitendra Jagadev in 2014. NestAway provides home owners to list their properties for rent and home seekers to find furnished homes to choose and book from. Their app provides furnished home bookings, services like home cleaning, electric and plumbing checks, and more.
NestAway allows its users to find, book, and move-in to a rental home of their choice across almost all Indian cities. They aim at providing better rental solutions with the help of design and technology. The company presently caters more than 35,000 tenants and 16,000 owners providing homes to over 7000 families across cities like Delhi, Gurgaon, Hyderabad, Pune, Mumbai, Bengaluru and more.
Also read: Success story of Nestaway
PropTiger is a Noida-based property portal founded in 2011 that allows users to buy property in India. The users leave their required property specifications online and PropTiger offers solution with a wide range of services including identifying apartment options, organizing site visits, budget and affordability analysis, helping with unit selection and application filing with real estate developers to facilitate housing loans.
PropTiger is currently present in eight cities including Noida, Gurgaon, Ahemdabad, Mumbai, Pune, Bangalore and Kolkata. They have over 30,000 properties listed on their website and have over 300 agents. PropTiger have sold over RS 15,000 crore worth of properties.
Colive is a technology-powered network of branded serviced homes that offers rooms for high-end and well-located shared room that are modern and sustainable lifestyle. The company was founded by Sundari Rangarajan in 2016 based in Bangalore. They provide an “all-in” solution including the layout of the house, services of cleaning, internet and TV, insurance, water, gas and electricity. Colive provides home rentals, shared living spaces, PGs located near educational institutions and workplaces.
Colive has raised a total of $2.8 million in funding which was led by Ncubate Capital Partners and SAR Group Family Office, and presently operates in 3+ cities, 75+ properties with more than 8,000 beds in its inventory.
Awfis is a Delhi-based provider of managed coworking spaces founded by Amit Ramani in 2015. It allows users to browse for spaces based on the type of space, city, locality and capacity. On Awfis’ platform, most of the facilities are on the managed aggregation model. The owner gives the property to the company at no upfront cost and takes a higher share of revenue.
The users on Awfis can book work-desks, private cabinet, business centers, meeting rooms and book them online. They provide a platform where its community members can regularly interact, network, share ideas at events and seminars. It connects the members with service providers in the field of accounting, legal, recruitment, payments, web services and other services as well. To support its community members, Awfis has partnered with Incubators/Accelerators, Angel Networks, VC Funds and Startup Mentors.
Also Read: Awfis: Changing the Working Culture of India
Ghar 360 is a Bangalore-based startup founded by Ajesh Joy and Sanju Thomas in 2012 which is a cloud-based 3D augmented reality platform that lets its users experience a virtual walk through the house with the digital platform even before it is constricted.
Ghar 360 has developed a unique idea to reinvent the interior shopping experience by digitizing the floor plan into an interactive walkable space which is constructed to make customer have an idea of the reality of the living space before purchasing it. The startup has raised a total funding of $20k by TLabs.
Zipgrid is a Mumbai-based online startup founded by Jaydip Popat and Kunal Gupta in 2013 that, with the help of technology-led ecosystem. Zipgrid aims to deliver efficient management services for housing and gated communities driven with knowledge-based compliance. They currently operate in Mumbai, Pune, Surat and Ahmedabad providing more than 18000 households to over 180 communities.
Zipgrid is fully supported by Google Cloud platform that allows it to build, deploy and more to ensure future-proof infrastructure and robust data and analytics. The company has raised a total of $700k with funding from Jones Lang LaSalle and 1Crowd.
ZoloStays is a Bangalore-based provider of branded accommodations founded by Akhil Sikri in 2015. The startup offers PGs, serviced apartments and independent flats. They also provide amenities like TV, Wi-fi, fridge, washing machine, food, RO water facility, power backup and more.
ZoloStays associates with owners and offer the properties as managed accommodations. PG owners who manage their own properties can also affiliate with ZoloStays and accept non-Zolo tenants. The company has raised a total funding of $34 million and earned revenue by charging a commission on the monthly rent.
NoBroker is a Bangalore-based real estate search platform founded by Saurabh Garg, Amit Kumar Agarwal and Akhil Gupta in 2014. NoBroker eliminates brokers while connecting flat owners and landlords with tenants. It is a C2C model of property portal that uses advanced technologies like Machine Learning algorithms and Artificial Intelligence to sort, select and list properties better by gathering data and extracting listing information from images of ‘to-let’ signs.
Nobroker has now forayed into a brokerage-free buy and-sell properties as well and the company also verifies each listing to make sure they are owners and not middlemen maintaining the authenticity of the platform.
StayAbode is a Bangalore-based startup founded by Christ University alumni Viral Chhajer and Devanshish Dalmiya in 2016 that builds coliving spaces for the rental residential real estate market. They thrive at providing a hassle-free abode to millennial looking for coliving spaces using the platform of technology as a source to offer small private spaces to its users that are elegant and fully furnished.
They also provide its users with a safe environment and cover utilities. They provide fully furnished rooms and amenities like wi-fi, water, electricity, maintenance, parking and DTH. StayAbode takes up entire building space on long-term leases and then re-works the interiors to convert it to a coliving space and then sub-rent it to their customers.
Square Yards is a Delhi-based online real estate advisory and brokerage services firm founded in 2013 by Tanuj Shori and Kanika Gupta – alumnus of Indian Institute of Management. The company has a field employee base of about 500 across five countries and is active in 14 cities in India. On the platform, each client is assigned a unique relationship manager who handholds the clients throughout the asset ownership – similar to a private banking model.
It is currently located in ten countries and 31 cities, and has more than 1000 employees. Square Yards has been valued at more than $40 million and has also banked the ‘Real-Estate Marketing Company’ of the year by Accommodation Times and ‘Startup of the year’ by Silicon India.
Also read:10 Real Estate Business Ideas for India
Zocalo is a Gurgaon-based online marketplace founded by Uday Lakkar in 2014 for broker-free, rented accommodation startup. It provides high quality, hassle-free coliving space for young working professionals and university students in India. Zocalo aims at providing managed apartments and villas with good amenities at affordable price points.
The platform utilizes a systems-thinking methodology to anticipate and envision environmental, economic and social trends to develop a fair priced, mixed-use and mixed-income where the users can afford the stay. Zocalo has raised a total funding of more than RS 1.4 crore from Xander Group.
Grexter Living is coliving space startup founded by Pratul Gupta and Nikhil Dosi. Grexter Living offers functional and built-to-suit urban studio rooms that provide all the necessary amenities and, at the same time, are aesthetically appealing. Catering primarily to salaried employees, fresh graduates, and techies in the age group of 18-30 years, the spaces they provide consist of a large common kitchen with another huge designated area that has lounges, gaming consoles, and home theaters.
CoHo is one of the country’s first coliving spaces was founded in late 2015. It offers fully furnished accommodation on a sharing and individual basis with amenities such as hot food, wifi, laundry services, 24/7 security, along with access to common spaces such as lounges, games and reading rooms and special events such as poker nights. All this without any security deposit, brokerage or furnishing costs.
CoHo raised funds from veterans like Sachin Bhatia (Co-founder, MakeMyTrip and TrulyMadly), Rajesh Sawhney (Co-Founder, GSF and InnerChef), Mahesh Parasuraman (Ex-MD, Carlyle PE), Dheeraj Jain (Partner, UK based Hedge fund), amongst others.
Also Read : Best Coworking Spaces in India
Real estate is the biggest industry. The Indian real estate industry worth over $120 Billion as per 2017 report. It is expected to reach $1 Trillion by 2013. These startups are, in one or the other way, reason this industry is growing. They are also making it easier and affordable for a normal person to buy or rent a property. If you know any other Real Estate startups in India, do let us know in the comments.