Technology-enabled real estate buying platform Blox has acquired property sales and marketing company Plinthstone REMA for $1.5 million or Rs 11.6 crore. The new acquisition will be added to Blox as an extension of its portfolio and will be known as Blox Exclusive.

 
Plinthstone, now a part of Blox was founded in January 2021 as a multi-speciality realty advisory company offering services to the real estate sector. It has executed four mandates with over Rs 200 crore sales volume.

Blox, India&rsquo;s leading digital real estate platform, has acquired an 11% stake in Guardians for $12 million, with plans to increase its ownership to 50% over the next three years.&nbsp;

Proptech startup Blox has acquired an 11% stake in the real estate firm Guardians for $12 million, with plans to increase its ownership to 50% over the next three years.

Blox&rsquo;s acquisition of a stake in Guardians symbolizes a much-needed professionalization in the real estate sector. By consolidating two highly reputed entities, this partnership introduces a new paradigm that leverages digital technology and in-depth market knowledge to provide a seamless, efficient experience for clients.

Blox acquires realty sales & marketing co Plinthstone REMA for $1.5 million