CREDAI to set up $100 million proptech fund

The Confederation of Real Estate Developers' Associations of India (CREDAI) and Venture Catalysts have partnered to form a $100 million proptech fund.

The proposed fund will invest in start-ups that bring innovative disruption to the real estate sector. It will invest in early-to-growth start-ups that have the potential to transform the real estate industry through technology, data analytics, blockchain, artificial intelligence (AI) and augmented reality.

The fund will target start-ups targeting all major real estate segments including residential, commercial, institutional including hotels, schools and hospitals), in addition to industrial spaces such as warehouses, factories etc.

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