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regulatory framework: Fractional ownership of property as investment tool to get boost from Sebi regulation: experts

Proptech platforms such as YOURS, ALYF, hBits, and WiseX are helping investors in having fractional ownership of primarily office and luxury holiday homes assets. Real estate consultants like Square Yards and 360 Realtors have also entered into this space. On Saturday, the Sebi board approved amendments to REITs (Real Estate Investment Trusts) Regulations, 2014 in order to create a regulatory framework for the facilitation of Small and Medium REITs (SM REITs), with an asset value of at least Rs...
New Delhi Sebi Reits Saurabh Vohara Aaryaman Vir Shravan Gupta Square Yards

Fractional ownership of property as investment tool to get boost from Sebi regulation: Experts

Market regulator Sebi’s decision to allow the setting up of small and medium REITs will help regulate and propel the growth of new-age investment avenue called fractional ownership of rent yielding real estate assets, according to industry players.  Real estate technology platforms
Shravan Gupta Sebi Reits Aaryaman Vir Saurabh Vohara Square Yards Real Estate Investment Trusts

Buying a house? Know how to safely pay advance, token money for property, clauses to include in 'agreement to sell'

As the token money is being paid by the buyer, certain clauses must be added to the Agreement to sell to protect the buyers interest. Here is a look at some of them. It is important to know how to safely pay token money, how much you should pay and other things.
Meghna Mishra Mani Gupta Anand Moorthy Development Act Majeure Clause Karanjawala Co

Investors double down on Snaptrude in challenging legacy building design platforms

Snaptrude โ€” a startup aiming to compete against traditional platforms in the architecture, engineering and construction (AEC) design sector, including Snaptrude, a startup competes against legacy platforms in the architecture, engineering and construction (AEC) sector with its modern approach and cloud-based offering, has raised $14 million in a Series A round.
New York United States Shubhankar Bhattacharya Prashanth Prakash Autodesk Revit Altaf Ganihar

Investors double down on Snaptrude in challenging legacy building design platforms

Snaptrude — a startup aiming to compete against traditional platforms in the architecture, engineering and construction (AEC) design sector, including Autodesk, Trimble and Nemetschek — with its modern approach and cloud-based offering, has raised $14 million in a Series A round, just 10 months after announcing its seed funding. With Foundamental and Accel leading the Series A round, the six-year-old startup has raised $21.8 million, including the $6.6 million seed round led by th...
Altaf Ganihar Prashanth Prakash Shubhankar Bhattacharya Autodesk Revit New Age New York Headquartered
Source: yahoo.com

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ET Soonicorns Summit 2023: Delhi-NCR edition kicks off today, experts to chart the roadmap for India's rise as a global economic powerhouse

The ET Soonicorns Summit 2023, an Economic Times initiative, to track the evolving frontiers of growth in the startup-tech sector will bring together key stakeholders and decision makers from within Indian tech-startup ecosystem to foster conversations, connections, and collaborations that can equip entrepreneurs, including those from Bharat, to navigate the ever-evolving tough market conditions and grow to build sustainable, scalable businesses of the future.
Pratik Adatia Amit Bhardwaj Upasana Taku Gaurav Gupta Subodh Garg Rohit Goyal

square yards: Square Yards reports 60% Y-o-Y increase in revenue during Q2 FY24

The Gross Transaction Value (GTV) stood at Rs 9169 crore, up 77% Y-o-Y, while number of transactions grew 143% to 40,757. “The continued growth with improvement in economics is testament to ecosystem build up strategy. With this we have become first proptech player to cross USD 100mn milestone," said Tanuj Shori, Founder and CEO, Square Yards.
Tanuj Shori Financial Services Square Yards Gross Transaction Value Real Estate Digital Products

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