Ahmedabad-based developer Nila Spaces has officially entered the prop-tech space by acquiring a minority stake in Alt DRX, a fintech startup specializing in the tokenization of real estate assets.
The investment of ₹6 crore grants Nila Spaces an approximately 1.4% stake in the Bengaluru-based platform. This move marks a strategic pivot for Nila Spaces, transitioning from traditional brick-and-mortar development toward digital financial innovation.
Democratizing Property Ownership
Alt DRX, founded in 2021 by Anand Narayanan KB, operates at the intersection of real estate and blockchain technology. The platform’s core proposition allows investors to purchase property in increments as small as one square foot, effectively lowering the barrier to entry for retail investors.
Key Features of the Partnership:
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Fractional Ownership: Enabling a wider demographic to invest in high-value assets with minimal capital.
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Blockchain Integration: Utilizing Ripple’s XRPL to ensure all transactions are secure, transparent, and immutable.
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Dual Returns: Investors benefit from both monthly rental income and long-term capital appreciation.
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Regulatory Compliance: A shared focus on building “investor-friendly” products that meet institutional-grade governance standards.
Strategic Alignment
For Nila Spaces—a key player in Gujarat’s real estate market and GIFT City—this partnership is more than just a financial injection. It provides a digital pipeline for their existing and future residential projects.
“The investment signals a decisive step in accelerating the transition of real estate tokenization from early adoption to scaled growth,” the company stated, noting that the funding round also attracted interest from various Indian family offices and global institutions.
Looking Ahead
By combining Nila Spaces’ significant land bank and development expertise with Alt DRX’s digital infrastructure, the collaboration aims to create a more liquid and accessible real estate market in India. This “tokenized housing” model is expected to streamline how residential assets are bought, sold, and managed in the digital age.
By: Sandhya Bharti
