Top 10 Best RealTech Companies in India 2023
The term “RealTech Companies” isn’t specifically defined or widely recognized. It seems like it might refer to companies operating in the intersection of real estate and technology, similar to the idea of PropTech (Property Technology) or ConTech (Construction Technology).
These companies typically use technology to refine, enhance, or disrupt traditional approaches to buying, selling, renting, financing, constructing, and managing real estate. This can include online real estate marketplaces, property management software, virtual reality tours for properties, AI-enabled home price estimations, construction project management software, and more.
For the most current and accurate understanding, you may want to search for the term “RealTech Companies” on the internet or in a recent business or technology publication.
Why RealTech Companies are important
“RealTech” companies, assuming they are related to real estate technology, can be significant for several reasons:
Efficiency and Speed: RealTech can greatly speed up various real estate processes, from searching for a property to closing a deal. With digital platforms and AI tools, tasks that once took weeks can now be accomplished in days or even hours.
Cost Reduction: By automating and digitizing processes, RealTech can help reduce costs. This is true for operational costs within real estate companies and for consumers who can save money through more efficient transactions and better access to information.
Transparency: Digital platforms can provide more transparent transactions and pricing. For example, online platforms can offer immediate, transparent pricing and availability information, and blockchain can be used to provide transparent, immutable records of transactions.
Data Analysis and Insights: AI and machine learning tools can analyze large amounts of data to provide insights that were previously inaccessible. This could include predicting property price trends, identifying promising investment opportunities, or better-understanding customer needs.
Access and Democratization: Online platforms can provide wider access to real estate markets, potentially democratizing investment and ownership. Crowdfunding platforms, for example, allow a broader range of individuals to invest in real estate projects.
Sustainability: Some RealTech solutions focus on building sustainability into the real estate sector, from construction methods to energy use, which can contribute to addressing climate change and reducing environmental impact.
Remote Access and Virtual Experiences: Especially with the shifts caused by the Covid-19 pandemic, virtual tours, remote viewings, and digital transactions have become increasingly important. RealTech allows the real estate market to continue functioning even in the face of restrictions on in-person interactions.
History of RealTech Companies in India
RealTech (Real Estate Technology) companies have been gradually transforming the real estate sector in India, and the rise of these companies can be traced back over the past decade or so. Here’s a brief overview:
Late 2000s and Early 2010s
The initial wave of RealTech companies in India included online real estate portals such as MagicBricks (launched in 2006 by Times Group), 99acres (launched in 2005 by Info Edge India), and Housing.com (launched in 2012). These platforms began as simple online listing sites where sellers could post properties for sale, and buyers could search for properties.
The midMid-2010s
The RealTech sector in India started seeing significant growth and diversification around this period. Companies like PropTiger (founded in 2011) and CommonFloor (founded in 2007) added services like assisted buying, data insights, and virtual tours. NoBroker (founded in 2013) aimed to eliminate brokers from the rental and resale markets, while NestAway (founded in 2015) and OYO Rooms (founded in 2013) targeted the rental and hospitality sectors.
This period also saw the rise of coworking spaces with companies like WeWork and homegrown counterparts such as Awfis and 91springboard.
Late 2010s and Early 2020s
With advancements in AI and data analytics, RealTech firms started offering more sophisticated services, such as predictive analysis for property prices and investment opportunities. Proptech also expanded into fintech with digital home loans and other real estate-related financial services.
At the same time, there was growth in construction technology (ConTech), with companies like Infra.Market (founded in 2016) and BuildSupply (founded in 2016) provide technology solutions for construction and supply chain management.
Despite the challenges presented by the COVID-19 pandemic, the RealTech sector demonstrated resilience and even saw increased digitization due to the necessity of remote work and transactions.
Benefits of RealTech Companies
RealTech companies, which are believed to refer to real estate technology companies, provide numerous benefits to both consumers and businesses in the real estate sector. Here are some of the key advantages:
Efficiency: RealTech can streamline real estate transactions, making the process quicker and more efficient. From property search to signing the lease or sale agreement, technology helps reduce the time and effort involved.
Transparency: Technology brings more transparency to the real estate sector. With online listings, reviews, and ratings, buyers and renters can make more informed decisions. Moreover, technologies such as blockchain can provide transparent and immutable records of transactions.
Access to Information: RealTech companies often provide detailed information about properties, neighborhoods, prices, and more, all at the user’s fingertips. This makes it easier for consumers to make informed decisions about where and when to buy, sell, or rent.
Cost Savings: By automating many tasks traditionally performed by real estate agents, RealTech can help reduce the costs associated with buying, selling, or renting property. This can lead to significant savings for consumers.
Improved Decision-Making: RealTech often involves data analytics and AI tools that can analyze trends, predict market movements, and provide other valuable insights. This can help real estate investors, developers, and even homebuyers make more informed decisions.
Remote Operations: Especially in the era of COVID-19, the ability to conduct real estate operations remotely is a significant advantage. Virtual tours, digital paperwork, and online negotiations can all be facilitated by RealTech.
Innovative Solutions: RealTech companies are constantly looking for innovative ways to solve traditional problems in the real estate industry. From shared economy solutions like co-living and co-working spaces to smart home technologies, RealTech is at the forefront of innovation in the industry.
Sustainability: Some RealTech companies focus on green technologies and sustainable construction methods, contributing to the fight against climate change and creating healthier living environments.
Market Expansion: By breaking down geographical barriers and providing digital platforms, RealTech companies are allowing buyers, sellers, investors, and renters to explore and transact in markets that they may not have previously considered.
Best RealTech Companies in India
99acres
MagicBricks
Housing.com
NoBroker
PropTiger
CommonFloor
NestAway
Square Yards
Awfis
Infra.Market
99acres
99acres is one of India’s largest online real estate portals, owned by Info Edge India, a company that also owns other popular portals like Naukri.com, Jeevansathi.com, and Shiksha.com.
Launched in 2005, 99acres provides a platform where buyers, sellers, and renters of properties can connect. It serves as a marketplace for residential and commercial properties for sale, purchase, and rent across India.
Users can search for properties in various categories: apartments, independent houses, residential lands, and commercial properties, among others. The listings on the platform provide detailed information about the property, including amenities, location, nearby facilities, and pricing.
In addition to the basic property listing service, 99acres also offers additional features like:
Price Trends: This feature gives users information about price trends and rates of properties in various localities over time. This can be very helpful for buyers and investors in making informed decisions.
Area Converter: This tool helps users convert different area measurements.
Home Loan: Users interested in availing of home loans can find information and assistance about various loan options.
NRI Services: Specific assistance for Non-Residential Indians looking to invest in Indian real estate.
Commercial Property Services: Services dedicated to finding office spaces, retail outlets, and other commercial properties.
MagicBricks
MagicBricks is a prominent online real estate platform in India. It is a product of Times Group, one of the largest media conglomerates in the country. Launched in 2006, MagicBricks has grown to be one of India’s most popular property portals.
It serves as a platform for buyers, sellers, and renters of properties, facilitating transactions of residential and commercial properties across India. Users can search for properties to buy or rent, list their own properties, find agents, and much more.
Key features of MagicBricks include:
Wide Range of Listings: MagicBricks features a wide array of property listings, including apartments, houses, villas, commercial properties, land/plots, and more.
Detailed Information: Each property listing includes comprehensive details about the property, including location, size, amenities, price, and photographs.
Price Trends and Insights: MagicBricks provides data on price trends in different locations, helping buyers and investors make informed decisions.
Advice Section: It includes articles and advice on real estate buying, selling, renting, home loans, and legal issues related to real estate.
Agent and Seller Profiles: These profiles help buyers and renters choose trusted and top-rated professionals for their real estate needs.
User-Friendly Mobile App: MagicBricks offers a well-designed mobile app that makes it easy for users to search and list properties on the go.
Virtual Tours: Some listings on MagicBricks offer virtual tours, providing users with a 360-degree view of properties.
Home Loan Assistance: Users can get help with securing home loans through the platform.
Housing.com
Housing.com is a popular online platform in India for buying, selling, and renting real estate. The company was launched in 2012 by a group of IIT Bombay students and quickly gained attention for its innovative approach to real estate transactions and its use of technology to simplify the process.
Housing.com provides a variety of services to individuals and businesses, including:
Property Listings: Users can search through a vast array of listings for properties available for purchase or rent. These include apartments, villas, houses, plots, and more. Each listing includes detailed information about the property, including price, size, location, and amenities.
Seller Services: Individuals and businesses can list their properties for sale or rent on Housing.com, reaching a large audience of potential buyers and renters.
Data-Driven Insights: Housing.com provides insights into property trends and prices in various locations, helping buyers and investors make informed decisions.
Map-Based Search: One of the standout features of Housing.com is its user-friendly, map-based search, which allows users to visually explore properties in specific areas.
Home Loans and Financial Services: Housing.com also provides assistance to users in securing home loans and other related financial services.
Rental Agreements and Moving Services: In addition to buying and selling, Housing.com also provides services for creating rental agreements and helps users find reliable moving services.
Virtual Site Visits: They provide the option to have 3D virtual tours of certain properties, enabling users to explore the property without physically visiting the location.
NoBroker
NoBroker is an innovative real estate platform in India that was launched in 2014 with a unique value proposition: eliminating the need for brokers in property transactions. The platform connects property owners directly with potential buyers or renters, making the process more efficient and cost-effective.
Here are some key features and services of NoBroker:
Property Listings: NoBroker features a wide range of listings for residential and commercial properties available for rent or purchase. Property owners can list their properties on the platform for free.
Owner-to-Customer Connection: By eliminating the middleman, NoBroker allows direct communication between property owners and potential tenants or buyers. This can result in significant cost savings as no brokerage fee is involved.
Tenant Verification: NoBroker offers a tenant verification service, ensuring that property owners can find reliable and verified tenants for their properties.
Rental Agreement and Moving Services: In addition to facilitating property transactions, NoBroker also helps with related services such as creating legally compliant rental agreements and providing assistance in finding reliable moving services.
Pay Rent Online: NoBroker offers a convenient service for tenants to pay their rent online, which can simplify the process and provide a record of payments.
Home Loan and Financial Services: NoBroker also provides assistance to users in securing home loans and other related financial services.
NRI Services: NoBroker provides dedicated services for Non-Resident Indians (NRIs) looking to rent, buy or sell properties in India.
Commercial Properties: NoBroker expanded its services to include listings for office spaces and shops in addition to residential properties.
PropTiger
PropTiger is a prominent real estate technology company in India, providing an online real estate advisory platform. The company was launched in 2011, and it offers a range of services to individuals and businesses related to real estate transactions.
Here are some of the key features and services provided by PropTiger:
Property Listings: PropTiger offers a wide range of listings for residential properties, including apartments, villas, and plots, available for purchase across several cities in India.
Advisory Services: The company provides personalized advisory services to help users make informed decisions when buying a home. Their property advisors guide customers through the entire home buying process.
Price Trends and Market Insights: PropTiger provides data and insights on the real estate market, including price trends in various locations, which can help buyers make informed decisions.
Home Loans and Financial Services: PropTiger assists users in securing home loans, providing information on various loan options and helping with the application process.
Post Sales Service: Unlike many real estate platforms, PropTiger also offers post-sales service. They assist with paperwork, home loan assistance, and even property registration.
Virtual Tours: On selected property listings, PropTiger provides the option of virtual tours, allowing users to explore properties from the comfort of their homes.
Verified Listings: To ensure the authenticity of listings, PropTiger verifies properties before listing them on their platform.
CommonFloor
CommonFloor is a leading online real estate platform in India. It was founded in 2007, and over the years, it has gained popularity for its comprehensive property listings and innovative features.
Here are some of the key features and services provided by CommonFloor:
Property Listings: CommonFloor features a wide range of listings for properties, including apartments, villas, houses, and plots, available for purchase or rent across various cities in India.
Detailed Information: Each property listing includes comprehensive details about the property, such as price, size, location, amenities, and photographs. This helps buyers make informed decisions.
Map-Based Search: One of CommonFloor’s standout features is its map-based property search, which allows users to explore properties in specific areas visually.
Group Booking: CommonFloor offers a group booking feature, which allows users to join others interested in purchasing properties in the same project and get a better deal from the developer.
CommonFloor Groups: A unique offering where residential communities can create an online group to manage their community matters such as discussions, meetings, payment of maintenance bills, etc.
Price Trends and Market Insights: CommonFloor provides data on price trends in different localities, aiding buyers and investors in making informed decisions.
Verified Listings: CommonFloor follows a listing verification process to ensure that the properties listed on the platform are legitimate and the information provided is accurate.
NestAway
NestAway is an Indian technology-driven home rental marketplace that was founded in 2015. It’s known for offering solutions to the housing problems faced by urban migrants in India. NestAway offers a fully managed home rental network, aiming to provide better rental solutions via design and technology.
Here are some key features and services provided by NestAway:
Managed Home Rentals: NestAway provides fully furnished homes, apartments, and shared rooms available for rent. They cater to both families and individuals.
Furnished Homes: One of the unique propositions of NestAway is the provision of fully furnished homes, making it an attractive option for people looking for ready-to-move-in homes.
Shared Housing: For individuals, particularly single working professionals and students, NestAway offers shared housing options, such as Paying Guest (PG) accommodations and shared rooms in apartments.
Standardized Amenities: NestAway properties come with standardized amenities, which include Wi-Fi, DTH, and regular maintenance services.
Transparent Process: NestAway provides transparency in transactions. They have a straightforward pricing policy with no hidden costs, and the entire process, including payment, is managed online.
Easy Move-in and Move-out: NestAway facilitates easy move-in and move-out options and provides the security of on-demand maintenance.
Community Living: NestAway encourages a sense of community living among its residents. They organize events and activities for their tenants, enhancing the overall living experience.
Property Management for Owners: For homeowners, NestAway offers end-to-end property management, which includes finding verified tenants, rent collection, and maintenance services.
Square Yards
Square Yards is an Indian technology-enabled real estate advisory platform that was founded in 2013. Its primary business is to provide an online platform where buyers and sellers can meet and transact in the real estate market. Square Yards operates a comprehensive range of real estate services in several large Indian cities and key global markets.
Here are some of the key features and services provided by Square Yards:
Property Listings: Square Yards offers a broad range of listings for residential and commercial properties available for purchase. These include apartments, villas, houses, plots, and more across various cities in India and key global markets.
Real Estate Advisory: The platform provides personalized real estate advisory services, helping buyers make informed decisions. They offer end-to-end assistance in the property buying process.
Home Loans and Financial Services: Square Yards also assists users in securing home loans and other related financial services. They help with comparing different home loan offers, filling out the application, and guiding the buyer through the process.
Post-Sales Service: The company helps with all post-sales paperwork, including property registration, home loan assistance, and even interior designing services.
Data-Driven Insights: Square Yards provides data on price trends, locality information, and builder reviews, which can help buyers make informed decisions.
NRI Services: They provide dedicated services for Non-Resident Indians (NRIs) looking to invest in properties in India.
Awfis
Awfis is an India-based technology-driven platform that provides shared workspaces, often referred to as coworking spaces. The company was founded in 2015 with the goal of revolutionizing the traditional office setup into a more flexible, shared, and convenient arrangement.
Here are some key features and services provided by Awfis:
Shared Workspaces: Awfis offers a range of flexible workspace solutions, including dedicated desks, private cabins, and large office spaces that can accommodate different team sizes. These shared workspaces often come with amenities like high-speed internet, meeting rooms, cafeteria services, and more.
Flexible Bookings: Awfis provides the flexibility to book workspaces on an hourly, daily, or monthly basis, making it suitable for different business needs – from one-time meetings to long-term office space.
Meeting Rooms: Awfis offers well-equipped meeting rooms that can be booked on an hourly basis. These spaces are designed to cater to professional meetings, presentations, or workshops.
Awfis had a significant network of spaces across several major cities in India, allowing users to access workspaces in different locations based on their convenience.
Enterprise Solutions: Apart from serving startups and small businesses, Awfis also offers solutions for large enterprises looking for customizable and scalable workspace solutions.
Community Events: To foster a sense of community and networking, Awfis regularly organizes events and workshops for its members.
Mobile App: Awfis also offers a mobile app, making it easier for members to find and book workspaces, pay for their bookings, and keep up-to-date with community events.
Infra.Market
Infra.Market is a technology company that operates in the infrastructure and construction sector in India. Founded in 2016, it aims to transform the fragmented and inefficient construction and real estate industry by providing an online marketplace for construction materials and products.
Here are some key features and services provided by Infra.Market:
Online Marketplace: Infra.Market operates as a B2B (business-to-business) online marketplace for construction materials. It offers a wide variety of products, including concrete, aggregates, cement, bricks, and more.
Standardization and Quality Assurance: The company provides standardization in the largely unorganized sector of construction materials. It ensures that all the products listed on its platform meet quality standards.
Transparent Pricing: Infra.The market offers transparent pricing on its platform, which enables buyers to make informed purchasing decisions.
Supply Chain Efficiency: By aggregating demand, Infra.The market brings efficiency to the supply chain, which can result in cost savings for its customers.
Credit Facility: To address the capital needs of its customers, Infra.The market offers a credit facility to eligible businesses.
Tech Solutions: The company provides technology solutions for procurement, supply chain, and project management for its clients, further simplifying and streamlining the construction process.
