Naredco-Maharashtra to set up fund

New Delhi: Realtors’ body Naredco’s Maharashtra chapter will set up a proptech fund with an initial corpus of Rs 50 crore to support technology startups in the real estate sector. Naredco-Maharashtra will launch this ‘RealTech Fund (RTF)’ on September 15 during its annual event The Real Estate Forum 2023.

“The developers have initially committed a corpus of Rs 50 crore, which will be further scaled as per the response to the fund,” Naredco said in a statement. This fund promises to propel and accelerate the growth of the real estate industry in India through innovation and technology, it added.