- Founded by BITS Pilani graduates, PropReturns uses AI and a user-friendly platform for buying, selling, and renting commercial properties in India.
- PropReturns empowers users by providing over 3,000 listings and market insights.
- Launched in 2021, PropReturns has facilitated over Rs 100 crore in transactions and secured funding from prominent investors.
Your one-stop shop for investment in commercial real estate investment. PropReturns offers a transparent and data-driven strategy for buying, selling, and ending commercial properties.
Founded in 2021 by BITS Pilani graduates Somil Mathur, Jayant Panwar, and Kenish Shah, PropReturns aims to be India's largest commercial real estate ecosystem.
One of the sectors that experienced a decline in 2020 was the real estate market. Somil observed this and saw the opportunity to pull investors into one of the most favorable asset classes in India, real estate.
“We, as a team, are very passionate about real estate. It still seems to be the most sought-after asset class in India. Whenever anyone amasses some chunk of money, they think about buying a property,” says Somil.
The commercial real estate market in India is known to be fractured and lacks transparency, PropReturns uses A-I-based algorithms and a propriety database to address this by providing over 3,000 listings on an easily accessible platform thus, making investing in real estate easier.
The platform's "CADET" values ensure its users towards an excellent experience for its users.
Customer First
Accessibility
Data Driven
Empower
Transparency
Every user is guaranteed a user-friendly experience and given insights allowing them to make better, informed decisions based on current market trends and not just assumptions or intuition.
PropReturns caters to investors looking to generate passive income, and businesses that require an ideal commercial space for rent; developers and landlords benefit from free property listings and a high visibility to potential buyers and tenants.
Early Success and Funding
PropReturns has grown significantly since its launch in April 2021. By September of that year, the Propreturns platform had over 2,000 users and facilitated 15-20 transactions.
This trajectory attracted investments of $1.2 million from Y Combinator, Goodwater Capital, and Soma Capital in December 2021.
In July 2022, PropReturns received an undisclosed amount of funding from prominent figures like Kunal Shah (CRED) and Gokul Rajaram (Coinbase), WeWork India’s CEO Karan Virwani and more participated in this round.
The funds acquired would add more asset classes, increase its investor base, and help strengthen partnerships with more real estate brokers, developers, and property owners.
“In just one year of operation, PropReturns has conducted transactions worth more than Rs 100 crore through the platform. Our execution and vision for PropReturns has helped us onboard leading angel investors, founders, and real estate veterans in this strategic round, all of whom align with our business,” Jayant Panwar, cofounder of PropReturns, said.
Looking beyond Mumbai and Delhi-NCR, PropReturns plans to establish a presence in Pune, Hyderabad, and Bengaluru.
With their incredible performance in just a year of operations and securing funding from some of India’s biggest entrepreneurs, PropReturns is well-positioned to become a major player in India's growing proptech sector.
Edited By Annette George
