propnewstime.com-PropTech investments in India to reach USD 16 billion by 2030
Knight Frank, in collaboration with HDFC Capital and Brigade REAP, has published a report that highlights the transformative impact of PropTech on India's real estate industry and its potential to enhance housing affordability. The report predicts that investments in PropTech will grow at an impressive compound annual growth rate (CAGR) of 15%, increasing from USD 6 billion in 2023 to USD 16 billion by 2030. In 2023, PropTech represented 6% of recognized Indian startups, positioning the country as the 6th globally in funding raised and in the top 500 global PropTech deals for 2022-23, following global leaders like the USA and China.
According to Shishir Baijal, Chairman and Managing Director of Knight Frank India, technology is a vital catalyst for development across sectors. He emphasized that the increasing investments in PropTech are revolutionary, supporting both industry growth and sustainability. This aligns with the country's growing need for technology-driven solutions in real estate, particularly in enhancing efficiencies and addressing affordability challenges.
