Nila Spaces, a Gujarat-based real estate developer, has invested ₹6 crore to acquire about 1.4% equity in Bengaluru fintech-startup Alt DRX, marking a strategic move into the convergence of property technology and financial technology. The minority stake highlights Nila Spaces’ growing emphasis on technology-driven models that aim to broaden access to real estate investment.
About Alt DRX and real estate tokenisation
Founded in 2021, Alt DRX operates in the emerging field of real estate tokenisation, converting property assets into digital tokens that represent fractional ownership. This approach enables retail investors, young professionals and first-time buyers to participate in residential property investments with much smaller initial capital compared with traditional routes.
The platform positions tokenisation as a means to increase liquidity, transparency and flexibility in real estate investment. Using structured, compliance-oriented offerings, Alt DRX seeks to make property ownership more accessible while addressing common market concerns around opacity and illiquidity.
Strategic rationale for Nila Spaces
The investment aligns with Nila Spaces’ long-term strategy to adopt future-ready business models. Management believes tokenisation can expand the investor base for urban residential projects by lowering ticket sizes and improving capital efficiency for developers.
Partnering with an established developer also provides Alt DRX with operational and market expertise that can accelerate its product roll-out. Industry analysts say such collaborations between traditional developers and fintech firms can help build trust and drive wider adoption of alternative investment formats.
Investor interest and technology backbone
Alt DRX’s current funding round has drawn interest from global institutions and Indian family offices, indicating rising investor confidence in asset tokenisation as an alternative asset class. This trend reflects broader diversification away from equities, mutual funds and conventional real estate among sophisticated investors.
Blockchain underpins Alt DRX’s platform, offering secure transactions, transparent ownership records and improved traceability—features seen as essential to address historical transparency issues in the real estate sector and to instil investor confidence.
Implications for India’s fintech and proptech ecosystem
The Nila Spaces–Alt DRX deal underscores a growing convergence between fintech and real estate in India. As regulatory clarity improves and digital infrastructure matures, tokenised real estate products are likely to gain wider acceptance among developers and investors.
Given real estate’s prominence in Indian household portfolios, innovations that lower entry barriers could reshape investment behaviour over the coming years. Nila Spaces’ minority stake not only validates Alt DRX’s model but may also encourage other developers to explore technology-led investment platforms, accelerating the evolution of the country’s proptech and fintech landscape.
