India registers highest number of proptech deals in APAC
With nearly 77 deals worth USD 928 million being reported in the property technology (proptech) space since 2013, India is ahead of other regions in terms of number of transactions, a recent survey said.
The proptech space, a blend of property and technology market, has made it big in India, as there has been a rise in that technology-based listings portals offer since 2007.
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.