Nila Spaces, a design-led real estate developer, has invested Rs 6 crore to acquire an approximately 1.4% minority stake in Alt DRX, a fintech startup that leads asset and real estate tokenization efforts in India.
According to Nila Spaces, this investment marks a decisive move toward accelerating the shift of real estate tokenization from early-stage adoption to scaled growth. At the same time, the ongoing funding round has attracted participation from global institutions and Indian family offices, underscoring growing confidence in the sector.
Furthermore, the Ahmedabad-based developer stated that its partnership with Alt DRX strengthens its long-term commitment to financial innovation that promotes broader access, greater transparency, and sustainable value creation in housing.
As part of the collaboration, both companies will focus on building regulatory-compliant and investor-friendly tokenized housing products. These offerings will enable fractional ownership, reduce entry barriers for a wider demographic, and simultaneously maintain institutional-grade governance and transparency.
Led by Deep Vadodaria, Nila Spaces operates as part of the Sambhaav Group. The company develops residential and commercial real estate projects with a focus on affordable housing, luxury apartments, and developments within GIFT City. In addition, it holds a significant land bank in Gujarat, which supports its long-term growth strategy.
Meanwhile, Alt DRX, founded in 2021 by Anand Narayanan KB, operates as a Bengaluru-based fintech–proptech startup. The platform enables fractional ownership of residential real estate, allowing users to buy and sell property in increments as small as one square foot. Moreover, Alt DRX leverages blockchain technology through Ripple’s XRPL to ensure secure and transparent transactions, while also offering rental income alongside potential capital appreciation.