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Adam Neumann, the controversial WeWork founder, is back after three years with his new business Flow, which has received the largest single-round investment from famous Silicon Valley investor a16z. However, this has failed to please the tech and venture capital communities. WeWork's infamous founder Adam Neumann, who the VCs ousted in 2019 for financial fraud, mismanagement, and managing a terrible work culture, might raise a large check again, especially in a venture bear market — and for a firm that hasn't even debuted yet. Andreessen Horowitz (a16z), a major Silicon Valley venture capital company known for its early bets on Airbnb and Twitter, made a $350 million pre-seed investment in Neumann's new business Flow last evening IST, valuing the soon-to-be-launched residential real estate firm at $1 billion (unicorn). While a16z's official blog article did not disclose any financial specifics of the transaction, the media estimated it to be $350 million, cit...

Pranav Sharma founded a construction company that builds affordable houses. Felicity Adobe LLP has clocked a cumulative turnover of Rs 126 crore even during the pandemic. Pranav Sharma, a Manufacturing Engineering graduate from BITS Pilani, Hyderabad Campus, abandoned his work at Deloitte at the age of 22 and founded a building company in Bengaluru to build inexpensive houses for persons in the EWS (Economically Weaker Section) and LIG (Light Income Group) categories. After four years, he has developed around 1000 housing units and given 680 individuals from the EWS and LIG groups the opportunity to purchase a home. Despite the slowness caused by the epidemic, his firm Felicity Adobe LLP has a total revenue of Rs 126 crore. "Investing in a house for EWS or LIG categories is an emotional experience," says Pranav, Founder-Director of Felicity Adobe. Swarna Griha I and Swarna Griha II are two separate projects in the industrial city of Tumkur, Karnataka, aroun...

Proptech startup Homexchange has secured funding of  $4M. HDFC invested via its HDFC Affordable Real Estate and Technology Program (H@ART). Homexchange, a proptech firm, has secured $4 million in a round of investment led by HDFC Capital, Oberoi Realty, and Anarock. The cash will be used by the Mumbai-based business to expand its reach and strengthen its technological platform. The business will also spend in building alliances and expanding its recruiting across several industries. "We are a consumer-focused brand that brings together customers, developers, channel partners, and lenders in a transactional environment based on assurance. That is the enormous opportunity in an industry with $100 billion in transactions annually and expanding," said Shirish Godbole, chairman and cofounder of Homexchange. Shirish Godbole and Jesal Sanghvi created Homexchange in 2020 to allow customers to exchange their old property for a modern one. The company is now active ...

PropShare has raised funding of Rs 367 crore led by WestBridge Capital. The funding will be used to extend the proptech startup's platform across regions and real-estate asset classes by increasing distribution channels and investing in technology and people. PropShare, a real estate investing platform, has raised Rs 367 crore ($47 million) in fundraising led by WestBridge Capital, with participation from previous investors Pravega Ventures. PropShare, which was founded in 2016, is a technology-driven real estate investing platform that allows investors to acquire commercial real estate assets. The funds will be used to extend the startup's platform across regions and real-estate asset classes by increasing distribution channels and investing in technology and people. Hashim Khan, PropShare's cofounder and chief technology officer (CTO), said, "By working with WestBridge Capital, we want to grow to more than $1 billion in transacted assets on the platfo...

The new interest rates on home loans will now begin at 7.50 percent, according to a statement from LIC Housing Finance. Following the RBI's decision to raise the repo rate, LIC Housing Finance has upped its benchmark prime lending rate (LHPLR), which is utilized in the pricing of house loans, by 60 basis points. This will increase the cost of loans across all tenures and will take effect on June 20. The new interest rates on home loans will now begin at 7.50 percent, according to a statement from LIC Housing Finance. According to the company's website, the prime loan rate at LIC Housing is presently fixed at 15.30%. If a borrower has a CIBIL score of 700 or more, the interest rate on house loans exceeding Rs 10 lakh would be 7.50 percent for salaried and professional borrowers. Borrowers with CIBIL scores of 700 or more would have to pay an interest rate of 7.55 percent on house loans up to Rs 50 lakh, 7.75 percent on loans between Rs 50 lakh and Rs 2 crore, and...

Sequoia Capital India led a $37 million investment in the UAE-based proptech firm Huspy. Founders Fund and Fifth Wall made their Middle East investing debuts, in the Huspy Series A round. Sequoia Capital India led a $37 million investment in the UAE-based proptech firm Huspy on Tuesday to accelerate its expansion throughout Europe, the Middle East, and Africa (EMEA). Sequoia India and Southeast Asia raised $2.85 billion this week across a number of funds, including a $2 billion India early-stage, venture, and growth fund and a $850 million Southeast Asian fund. In the Huspy Series A round, Founders Fund and Fifth Wall made their Middle East investing debuts. Furthermore, Chimera Capital has joined existing investors Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners. Huspy's co-founder and CEO,  Jad Antoun, said his company has evolved to become one of the leading property platforms, facilitating billions of dollars in volume, in just...

The Abu Dhabi Investment Authority (ADIA) plans to purchase a 20% stake in IIFL Home Finance Limited for Rs.2,200 crore. According to IIFL Home Finance Limited, the additional money from the ADIA purchase would be used to continue its granular expansion plan into new markets. Abu Dhabi Investment Authority (ADIA) is expected to purchase a 20% interest in IIFL Home Finance Limited in one of the largest equity investments in India's affordable home finance market. The business will pay Rs 2,200 crore for the share, after which the mortgage lender's valuation would rise to Rs 11,000 crore, according to a filing with the BSE by IIFL Finance. This would be an investor's largest equity investment in India's affordable home financing market. According to a press release from IIFL Finance, "On June 10, 2022, leading non-banking financial company IIFL Finance Limited announced that its wholly owned subsidiary IIFL Home Finance Limited, one of India's largest ...

Sujeet K Mishra, the founder of Patna-based real estate digital firm Thikedaar, opted to build the company in his hometown to better understand the local market. The company now operates in Delhi-NCR, Uttar Pradesh, Haryana, Jharkhand, and Bihar, with plans to grow nationally by 2023. Building a house is no easy task. It entails, among other things, designing, planning, shortlisting and finding materials, and budgeting. The procedure is not only hard, but it also demands a significant amount of time, study, and understanding. Despite the industry's disorganization, Sujeet K Mishra and Jenie Singh thought they were up for the job of bringing order to the turmoil. Thikedaar (meaning contractor in Hindi) was founded in May 2020 in Patna, Bihar, with the goal of digitizing and providing openness to the whole pre-construction process, from material selection to payment channels, as well as real-time updates for total transparency. The site has over 2,700 registered us...

Buying your own home or making a down payment on a piece of land to build a beautiful residence is seen as a significant life event. Every day, many people in Maharashtra's major cities, such as Mumbai and Kalyan, hunt for a place that we call 'Home Sweet Home.' However, due to bogus listings, their search becomes futile, and they end up paying endless site visits instead of buying the home of their dreams.What such people need is an expert real estate consultant who understands the need of such people. Meet the team at Ghar Junction that can help you get the home you want and that too within your budget. This Maharashtra-based company is one of the most rapidly expanding online real estate consultant dealing in primary market. As India becomes a major startup hub, more people are investing in commercial real estate to establish a new business increase the value of their existing one, or just to earn big through investment in property. But, whether you're buying ...

The term RealTech refers to the various types of technology utilized in the real estate market. Find 7 top RealTech companies in India in 2022. RealTech firms' tactics and strategies have enabled many different types of enterprises to address problems. They have been able to assist firms of various sizes by making the greatest use of intelligence and constant hard work. There has been an on-demand culture in the country to compel the old bricks to compete with other enterprises in the process of inventory management, supply chain, and logistics. RealTech clients are continuously looking for solutions that can build high-quality customer profiles. Workplaces such as WOTSO, Regus, and WeWork have seen significant growth. RealTech is more concerned with the community and its connectedness. Simply a means of providing more alternatives to consumers and improving the real estate industry. Here are 7 top RealTech companies in India in 2022 1. Best RealTech (India)...

Vinny Soni began investing in real estate in the year 2018. He now owns almost 10 properties in Canada. Vinny Soni, 35, was born in Nadaun, a tiny village in Himachal Pradesh's Hamirpur region, and is presently active in the real estate sector in Canada. His drive to earn wealth is to establish a consistent passive income so that he may follow his other hobbies without worrying about money. "I want to return to India and work in the distant regions of Himachal Pradesh in the sectors of healthcare and youth development," says Vinny, who now owns around ten homes in Canada valued at approximately CAD 6-8 million (or about Rs 30-40 crore). In August of last year, he launched a real estate web for selling houses, and the business has already concluded deals worth over Rs 200 crore. Vinny moved to Canada in 2009 to pursue a graduate certificate degree in Strategic Relationship Marketing at George Brown College in Toronto, and he began working in the nation a...