EY: PropTech’s market size set to cross $600 Bn by 2047

27 Nov 2024 CW Team

The proptech segment within the real estate market is projected to grow exponentially, with its market size expected to reach $600 billion by 2047, up from the current $10.5 billion, driven by a technological revolution, according to a joint report by Credai and EY. The broader real estate sector is also anticipated to surge, crossing a market size of $4.8 trillion by 2047, compared to its current value of $300 billion, contributing more than 18% to India’s projected $26 trillion GDP target by the same year. The report highlights that the current penetration of ICT and proptech-based solutions in the real estate sector stands at $10.5 billion, less than 5% of the total market size. However, by 2047, proptech is expected to grow to $600 billion, making up around 12-13% of the overall real estate market. Proptech is evolving from a supportive role to a key growth driver in the real estate sector, with innovations such as Artificial Intelligence (AI), the Internet of Things (IoT), and Building Information Modelling (BIM) revolutionizing operations. These technologies are streamlining automation, improving operational efficiency, reducing costs, and enhancing margins across the real estate value chain.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..