Real estate Investment platform PropReturns has become one of the leading real estate investment platforms in India within a short span of two years. 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. This 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.
The real estate investment platform is partnering with more commercial property owners, real estate developers and channel partners to provide them an opportunity to list and sell their assets immediately on the marketplace.
The Company is currently operational in Mumbai and Delhi NCR and is looking to expand geographically and enter the markets of Pune, Hyderabad and Bengaluru, followed by other Tier 1 & 2 cities.
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 utilise 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.
Founded in 2020 by BITS Pilani graduates Kenish Shah, Jayant Panwar and Somil Mathur, PropReturns Real Estate Technology Pvt. Ltd. raised 1.2 million funding from Y Combinator, Soma Capital and Goodwater capital and a range of strategic angel investors.
About the Company
PropReturns is a leading real estate investment marketplace. With the mission of making real estate investment simple and transparent, investors can make sound investment decisions by viewing the verified data, financial analysis and market trends of hundreds of real estate investment opportunities on PropReturns. At PropReturns, our goal is to make Real Estate Investment as simple and transparent as investing in stocks. PropReturns offers investors highly reliable and curated investment options that facilitate data-backed decision making. The company was founded by BITS Pilani graduates Kenish Shah, Jayant Panwar, and Somil Mathur in 2020. With a background in real estate and engineering, the trio has established an investment platform that addresses the urgent need for data transparency along with easy access to relevant information.
The platform lists rent generating commercial properties, plots, distressed opportunities, REITS, and Real Estate Debt, offering investors an opportunity to earn passive income through regular rentals or gain from capital appreciation. Within months of inception, the company raised funding of USD 1.2 million from leading investors, including US-based Y Combinator, Goodwater Capital, and Soma Capital. The platform currently has more than 600 investment options.
