World’s first digital real estate exchange launched by ALT Realtech

21 Mar 2023 CW Team

One of India's leading legal firms, well-known family offices, prominent startup founders, and senior executives from MNCs all participated in ALT DRX's seed round as investors. According to Anand Narayanan, Founder, ALT Realtech, “ALT DRX expects the new platform to solve the problem of illiquidity in mid-size real estate assets and possibly open the gates for capital to move into socially relevant, rent-yielding real estate assets such as rental housing, hostels, care homes, holiday homes, schools, industrial warehousing, high-street retail, hotels, and managed offices.”

Owners of these real estate assets will be able to convert their real estate ownership into tokenized, traceable digital assets thanks to ALT DRX. “Our platform will help, say, a 50,000-square-foot building to be tokenized into 50,000 tradeable digital assets, each holding an economic value proportionate to 1 square foot of the said property,” he said.

The pre-qualified, KYC-compliant registered customers on its platform can then instantly buy, hold, trade, and settle these tradeable digital assets. Avinash Rao, Founder, ALT Realtech said, “The platform uses a permissioned, centrally managed blockchain-based ledger protocol that restricts the transfer of these digital assets to foreigners while attempting to build user credibility by using Zero Trust Architecture."

“The democratisation of real estate ownership by dematerializing it empowers everyone to co-own high-quality residential as well as commercial real estate managed by professionals,” added Rao. Global equities and bonds are currently valued at $170 trillion, while the value of the real estate sector is $230 trillion.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The world's first digital real estate market, ALT DRX, was introduced by Bengaluru-based fintech startup ALT Realtech. It enables investors to purchase one square foot of real estate at a time. The business, which plans to operate in India first, has secured $1.6 million in equity and $2 million in callable mezzanine debt as part of its seed round for co-investing in real estate assets. One of India's leading legal firms, well-known family offices, prominent startup founders, and senior executives from MNCs all participated in ALT DRX's seed round as investors. According to Anand Narayanan, Founder, ALT Realtech, “ALT DRX expects the new platform to solve the problem of illiquidity in mid-size real estate assets and possibly open the gates for capital to move into socially relevant, rent-yielding real estate assets such as rental housing, hostels, care homes, holiday homes, schools, industrial warehousing, high-street retail, hotels, and managed offices.” Owners of these real estate assets will be able to convert their real estate ownership into tokenized, traceable digital assets thanks to ALT DRX. “Our platform will help, say, a 50,000-square-foot building to be tokenized into 50,000 tradeable digital assets, each holding an economic value proportionate to 1 square foot of the said property,” he said. The pre-qualified, KYC-compliant registered customers on its platform can then instantly buy, hold, trade, and settle these tradeable digital assets. Avinash Rao, Founder, ALT Realtech said, “The platform uses a permissioned, centrally managed blockchain-based ledger protocol that restricts the transfer of these digital assets to foreigners while attempting to build user credibility by using Zero Trust Architecture. “The democratisation of real estate ownership by dematerializing it empowers everyone to co-own high-quality residential as well as commercial real estate managed by professionals,” added Rao. Global equities and bonds are currently valued at $170 trillion, while the value of the real estate sector is $230 trillion.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..