According to a report by JLL and Tech in Asia, across the Asia Pacific region, India is one of the most dynamic markets for proptech and has reported the most number of deals since 2013.
While India is ahead of other regions in terms of number of deals with 77 deals, Greater China (Mainland China and Hong Kong) stands second with 34 deals, it said.
However, Greater China’s 34 deals have collectively attracted the largest amount of USD 3,025 during the period.
Against this, India stands second with deals amounting to USD 928 followed by South East Asia, North East Asia excluding China and Hong Kong and Australasia.
China alone commands over 60 per cent of the total deal value in the region.
The report further said start-ups in brokerage and leasing have received nearly 90 per cent of total Asia Pacific proptech funding since 2012.
However, in coming years, proptech will have more to offer in India with the regulation and rising transparency.
The report adds that the demand for other verticals and services such as residential home improvement, design, and maintenance will increase in India.