Propreturns Aims At Doubling Transaction Volume by End Of 2022

BY Realty+

With over 8000 investors and 600+ real estate developers, commercial property owners and channel partners having benefited from using the platform, PropReturns has achieved a 100 crore+ Gross Transaction Value (GTV). With the aim to build the largest real estate investment ecosystem in India, PropReturns intends to scale up the company by growing transaction volume by 2X along with a team expansion to 40 plus by the end of this quarter. 

With an objective to provide transparency in real estate investments, PropReturns provides investors access to curated supply and market trends of the property, allowing them to make an investment decision backed by data. 

The young proptech startup boasts of an inventory of 600 plus investment opportunities (mainly pre-leased) offering an investor a variety of asset classes such as pre-leased commercial units, plots, REITs, distressed assets from which they can choose to invest.  The turnaround time on closing a pre-leased sale transaction is quick and usually takes 7-10 days which is a stellar achievement as per industry standards.

Kenish Shah, Co-Founder, PropReturns said "PropReturns provides instant liquidity for property owners and developers who want to sell their commercial properties which are already rented out. Owners and developers can list their assets on the platform by providing some basic data and our algorithms verify and convert that data into rich financial metrics for over 8000 property investors on the platform. The turnaround time to sell a good asset on the marketplace is less than 10 days". 

Jayant Panwar, Co-Founder, PropReturns said “In this unorganized real estate market, we provide users with curated and verified real estate investment options - varying from rent-generating commercial properties, plots, distressed opportunities and real estate debt.  Through PropReturns, investors don’t have to deal with multiple stakeholders - and conduct the entire transaction through our platform completely hassle free”

PropReturns recently raised an undisclosed amount of funding via a strategic round from leading angel investors. The funding round saw participation from Cred’s Kunal Shah, Gokul Rajaram (Board Member CoinBase and Pinterest), 1947 Rise, Varun Alagh (Co-founder of Mamaearth), Sandeep Agarwal (Co-Founder of ShopClues and Droom), Nitin Jain (Of-Business), Karan Virwani and many more.  

The Proptech platform plans to utilize the funding to scale rapidly by adding more asset classes apart from the existing options. They also aim to expand their technology team to provide deeper analytics and market trends for investors to make data backed investment decisions.

Tags : PropReturns Company real estate investments Kenish Shah Co-Founder Jayant Panwar Co-Founder Investors commercial properties