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CBRE And Nasscom To Conduct ‘PropTech Challenge’



CBRE and Nasscom to conduct ‘Proptech Challenge’

As CBRE Group and Nasscom join hands to identify innovative proptech startups, the Indian real estate sector can expect a wave of technology solutions

Property consultant CBRE and IT industry body Nasscom has joined hands with the sole aim of identifying and supporting startups that are committed to uplift and transform the Indian real estate sector. With a view to identify and encourage proptech startups, CBRE South Asia Pvt Ltd and the National Association of Software and Services Companies (Nasscom) will conduct a ‘Proptech Challenge’. The intent behind this initiative is to support emerging businesses that can bring a new wave of revolution in the real estate industry with creative, innovative and disruptive thinking.

US-based CBRE Group which is a Fortune 500 company claimed that it is the world’s largest commercial real estate services and investment firm based on 2018 revenue. It started Indian operations in 1994 and currently has a presence in over 80 cities in India. It caters to real estate investors and occupiers through more than 480 offices worldwide. A premier trade body of the IT-BPM industries in India, Nasscom has more than 2,100 members including Indian as well as MNCs that have a presence in India.

Nasscom Head Membership Srikanth Srinivasan said that it is collaborating with CBRE to nurture real estate segment in the startup ecosystem. He observed that creating the next generation of startups is the need of the hour and confirmed that this platform will provide opportunities to not only present emerging technologies and innovations but also entry into their 10K startup ecosystem.

CBRE India Chairman and CEO Anshuman Magazine said that in a developing economy like India, it is very important to become tech-ready. Businesses that are working towards transformation should be encouraged which will take the industry to a truly tech-ready global industry. The ‘Proptech Challenge’ is for startups that are hunting for a platform to display their ideas and address a wider audience. Entries will be divided into four categories like Real Estate Fintech, Sustainability, Agility and Efficiency and Made for India.


Source: Yourstory

ALSO READ: Indian Proptech Startups That Scored Well In 2018

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