CBRE ties up with Nasscom for proptech challenge to support, mentor startups
Real estate consultant CBRE has partnered with the non-governmental trade association and advocacy group National Association of Software and Service Companies (NASSCOM) to launch the second edition of the 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. Additionally, the programme will offer the startup community mentoring and direction from professionals in the field.
Additionally, the partnership aims to support startup companies and unlock the potential to transform the real estate sector through creative, inventive, and disruptive ideas. The event will begin in June 2023 and will conclude in October 2023. The entries for the challenge will be divided into categories focused on ESG, fintech, construction technology, and indigenous tech for the local market. Winners under these categories will be selected at this initiative's end and recognized and mentored by CBRE experts.
"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 protech in India and enable us to address the emerging needs of stakeholders more efficiently and effectively," Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East, and Africa, CBRE said.
We are witnessing real estate startups mushrooming from various sub-segments such as sales, construction, finance, and sustainability, Kritika Murugesan, senior director of NASSCOM, added. "The initiative is a positive step towards not just catalyzing a sustainable ecosystem for tech 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," she said. Currently, NASSCOM comprises over 3,000 member companies across India.
