CBRE with Nasscom All Set for India’s Proptech Challenge ‘DISRUPTECH 2.0.’

CBRE South Asia Pvt. Ltd., the leading real estate consulting firm in India, has partnered with nasscom to launch the second edition of the largest proptech challenge in the real estate industry, 'DISRUPTECH 2.0.' The primary objective of this initiative is to highlight emerging startups that are creating innovative tech solutions to empower the real estate industry. The program will also provide mentorship and guidance from industry experts to the startup community. Additionally, the partnership aims to support startup companies and unlock the potential to transform the real estate sector through creative, inventive, and disruptive ideas. Industry estimates point to huge potential, which projects that proptech market value will touch $ 1 trillion by 2030.

DISRUPTECH 2.0. will begin in June 2023 and will conclude in October 2023. The entries for the challenge will be divided into categories that would be focused on ESG, Fintech, construction technology and indigenous tech for the local market. Winners under these categories will be selected at the end of this initiative and will be recognized and mentored by CBRE experts.

Speaking on the collaboration, Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE, said, “We are excited to collaborate with nasscom for the second edition of DISRUPTECH 2.0, India's largest proptech challenge. The pandemic has emphasized the importance of technology in the real estate sector, and this initiative will enable budding startups to revolutionize the industry with their innovative solutions. We believe that this collaboration will help accelerate the growth of proptech in India and enable us to address the emerging needs of stakeholders more efficiently and effectively.”

Speaking on the initiative, Kritika Murugesan, Senior Director 10,000 start-ups, nasscom said, “The momentous shifts in 2022 have widened the scope of proptech from property aggregators to VR platforms to on-site robotic inspections. The integration of emerging technologies has made the sector rebound from the period of lows during the pandemic to leaning heavily on technology to streamline operations for more efficient and sustainable growth. We are witnessing real-estate startups mushrooming from various sub-segments such as sales, construction, finance, and sustainability. The initiative is a positive step towards not just catalyzing a sustainable ecosystem for proptech startups in India but will also demonstrate the applications of emerging technologies and innovations that can simplify the process of property purchasing in the country.”