Best Proptech Companies in India 2022-2023

"Proptech"

The word has made quite the buzz in the realty market these days.

Though there were many proptech players around in India right from the early stages of the digital revolution, only a few have gone the extra mile and brought in a lot of changes to the real estate sector.

Proptech or Property Technology has the potential to transform and boost the Indian economy and expand it to the next level. Prop Tech is not simply the digitization of real estate alone but is a very vast expansion of information technology into the diverse and traditional aspects of real estate, such as listing database and lead aggregation, property and related vendor management services through apps, organizing sales and accuracy of transactions, realty research and data analytics and much more.

So without much further ado, let's explore

The Best Proptech Companies in India - 2022 to 2023 {Updated}

1. NoBroker

Nobroker is an innovative startup in the field of Indian real estate that has turned out to be the first unicorn in the sector. Founded in 2014 by Amit Agarwal, Akhil Gupta, and Saurabh Garg, No Broker aims to create a portal that helps eliminate third parties or middlemen from the transaction model, thereby creating a seamless model without any hiccups.

The portal has brought in many changes in the existing proptech ecosystem, including listings and app based lead systems which help both the tenant and landlord connect with each other much easier. They have received $426 million in funding and a total valuation of over $ 1.01 billion in 2021.

2. Housing.com

Housing.com is one of the popular reality brands in India. Founded in 2017, the real estate tech titan is now part of the internationally acclaimed REA group. It focuses on the multiple vantage points of real estate, such as residential and commercial property purchases, rentals, and resales. They have received over $147.8 million in funding and also offer a variety of services like interactive heat maps, VR view of properties, etc., which has made quite the ripples in the Indian real estate sector.

3. Homes247.in

Homes247.in, founded by Priyatham Kumar in 2017, is one of the popular homegrown brands in India within the field of real estate. It can be said that the underdog realty brand Homes247.in has now turned out to be India's Favourite Property Portal which helps the homebuyers of over 36 tier 1 and tier 2 cities of India with verified listings and no brokerage services.

In the field of proptech too, Homes247.in has brought in many features like "Book a Home from Home" during the pandemic and is now venturing into web 3.0. Ever since its inception, Homes247.in has been a self funded company and is completely bootstrapped

4. Nestaway

Nestaway was founded in 2015 and is one of the largest home rental platforms in the country. Embracing proptech from day 1 of their operations, the app based platform simplifies the home rental solutions for the residents of the major cities of the country. The rental divisions include independent homes, flats, shared living, PGs, etc. The platform provides a uniform interface wherein the entire app shall be responsible for end to end services such as home tours, listings, maintenance, rental payments, etc.

5. Magicbricks

Magicbricks was founded in 2006, right around the time when the internet had already turned into a popular medium in India. It started as part of Times Internet and was one of the very first players in the real estate technology sphere. They have been at the forefront of many major technological advancements, including the Housing sentiment index with IIM Bangalore, prop index, propulsive, etc., alongside their real estate website and mobile app.

So, guys, these are the top 5 trending proptech companies in India.