The Free Press Journal-NAREDCO Maharashtra Partners With Brigade REAP To Boost PropTech Startups Through PROPEL Initiative
NAREDCO Maharashtra has announced the strengthening of its 'PROPEL' initiative in collaboration with Brigade Real Estate Accelerator Program (REAP), aimed at supporting emerging entrepreneurs in India's rapidly evolving real estate sector. The partnership will provide crucial funding, mentorship, and strategic support to startups in the PropTech space, which is a growing sector in the country.
The PROPEL initiative was showcased at Excelerate 3.0, a premier event focused on advancing innovation and technology in real estate, held on Thursday. Brigade REAP, India’s leading PropTech accelerator, has already incubated 76 startups, the highest number in the country, and operates alongside the Earth Fund, a ₹200 crore venture fund dedicated to PropTech. Together, these entities form India’s largest ecosystem for PropTech startups.
