Gold
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.
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