+
Blox buys 11% stake in Property Brokerage Guardians for $12 million
Real Estate

Blox buys 11% stake in Property Brokerage Guardians for $12 million

Digital real estate platform Blox has acquired an 11% stake in property brokerage firm Guardians for $12 million, with plans to increase its share to 50% over the next three years. "This acquisition establishes Blox and Guardians as India's largest real estate seller, overseeing annual sales of around 25,000 homes with a consolidated gross transaction value (GTV) of $2 billion in the primary residential market," Blox stated.

Blox aims to expand its GTV five-fold to $10 billion within 3-5 years. The platform supports both direct-to-consumer (D2C) and broker-led B2B2C models, allowing homebuyers to purchase properties entirely online. Founded in 2020 by Aditya Jhaveri and Shivani Karia Jhaveri, Blox combines advanced AI and broker support to streamline the real estate experience. It is backed by $35 million in funding from prominent investors such as CRED founder Kunal Shah and Tinder co-founder Justin Mateen.

Guardians, founded in 2016, has launched 174 projects, sold 23,000 units, and achieved $5.54 billion in sales. Blox’s Founder and CEO, Aditya Jhaveri, expressed his vision to revolutionise the Indian real estate market, emphasising that integrating Guardians will enhance the homebuying experience and establish India’s first platform that supports both D2C and B2B2C sales—a "game-changer" for reaching developers and homebuyers alike.

Jayesh Rathod, Director of Guardians, remarked that this partnership is set to redefine India’s real estate landscape, combining Guardians' market knowledge with Blox’s technology to raise standards of transparency, efficiency, and service.

(ET)

Digital real estate platform Blox has acquired an 11% stake in property brokerage firm Guardians for $12 million, with plans to increase its share to 50% over the next three years. This acquisition establishes Blox and Guardians as India's largest real estate seller, overseeing annual sales of around 25,000 homes with a consolidated gross transaction value (GTV) of $2 billion in the primary residential market, Blox stated. Blox aims to expand its GTV five-fold to $10 billion within 3-5 years. The platform supports both direct-to-consumer (D2C) and broker-led B2B2C models, allowing homebuyers to purchase properties entirely online. Founded in 2020 by Aditya Jhaveri and Shivani Karia Jhaveri, Blox combines advanced AI and broker support to streamline the real estate experience. It is backed by $35 million in funding from prominent investors such as CRED founder Kunal Shah and Tinder co-founder Justin Mateen. Guardians, founded in 2016, has launched 174 projects, sold 23,000 units, and achieved $5.54 billion in sales. Blox’s Founder and CEO, Aditya Jhaveri, expressed his vision to revolutionise the Indian real estate market, emphasising that integrating Guardians will enhance the homebuying experience and establish India’s first platform that supports both D2C and B2B2C sales—a game-changer for reaching developers and homebuyers alike. Jayesh Rathod, Director of Guardians, remarked that this partnership is set to redefine India’s real estate landscape, combining Guardians' market knowledge with Blox’s technology to raise standards of transparency, efficiency, and service. (ET)

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?