CREDAI to set up $100 million proptech fund

The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts have partnered to form a $100 million proptech fund. The proposed fund will be investing in start-ups bringing in innovative disruption in the real estate sector. It will invest in early to growth stage start-ups that have the potential to transform the real estate industry through technology, data analytics, blockchain, artificial intelligence (AI) and augmented reality. The fund will focus on start-ups catering to all the major segments of real estate including residential, commercial, institutional including hotels, schools and hospitals) in addition to industrial spaces such as warehouses, factories etc. Also read: CREDAI expects huge construction activity in Vizinaagaram, SrikakulamCREDAI to increase flats prices by 10-15% from April 1 in Rajasthan