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With nearly 77 deals worth USD 928 million being reported in the property technology (proptech) space since 2013, India is ahead of other regions in terms of number of transactions, a recent survey said.
The proptech space, a blend of property and technology market, has made it big in India, as there has been a rise in that technology-based listings portals offer since 2007.
However, Greater China's 34 deals have collectively attracted the largest amount of USD 3,025 during the period.
China alone commands over 60 per cent of the total deal value in the region.
The report further said start-ups in brokerage and leasing have received nearly 90 per cent of total Asia Pacific proptech funding since 2012.
However, in coming years, proptech will have more to offer in India with the regulation and rising transparency.
The report adds that the demand for other verticals and services such as residential home improvement, design, and maintenance will increase in India.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)