Real Estate Tokenization Is Moving Beyond Pilots
India’s real estate sector is beginning to experiment with new ownership and financing models as affordability constraints, illiquidity, and limited retail access continue to slow participation. Tokenization and fractional ownership are emerging as structural solutions, but the market has largely remained in early adoption. Strategic participation from real estate developers is now seen as a key catalyst for moving tokenized housing from concept to scale.
Investment Snapshot
Ahmedabad-based real estate developer Nila Spaces has invested ₹6 crore to acquire an approximately 1.4 percent minority stake in Alt DRX, a Bengaluru-based fintech proptech startup.
The ongoing funding round has also attracted global institutions and Indian family offices, signalling growing interest in regulated real estate tokenization.
What the Partnership Focuses On
According to Nila Spaces, the investment is aimed at accelerating the transition of real estate tokenization from early adoption to scaled deployment. The partnership will focus on building regulatory-compliant, investor-friendly tokenized housing products that enable fractional ownership while maintaining institutional-grade governance, transparency, and compliance.
The collaboration is expected to lower entry barriers for retail and emerging investors by enabling smaller ticket participation in residential real estate, without compromising on asset quality or reporting standards.
About the Companies
Led by Deep Vadodaria, Nila Spaces is part of the Sambhaav Group and develops residential and commercial projects across Gujarat, including affordable housing, luxury developments, and projects in GIFT City. The company holds a significant land bank in the state.
Alt DRX, founded in 2021 by Anand Narayanan KB, enables fractional ownership of residential real estate, allowing users to buy and sell property in units as small as one square foot. The platform uses blockchain infrastructure built on Ripple’s XRPL to enable transparent transactions, rental income distribution, and potential capital appreciation.
Why This Matters
The investment reflects a shift where developers are no longer passive observers of fintech innovation but active participants in reshaping property ownership. For Indian startups, this signals that real estate tokenization may now move closer to mainstream adoption, driven by partnerships that combine on-ground assets with compliant digital infrastructure.
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