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.

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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..