Blox acquires realty sales & marketing co Plinthstone REMA for $1.5 million
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.
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Digital real estate platform Blox has acquired an 11% stake in advisory firm the Guardians for $12 million or over Rs 101 crore, with plans to increase its ownership to 50% over the next three years.
Shivani Karia Jhaveri, the Co-founder and CMO of the fast-growing online home-buying platform Blox, attended Realty+ Women Icon Conclave & Awards 2023 hosted on 8th June. As a panelist for the fireside chat on ‘Being Champions of Change in Tech World,’ she emphasized the crucial need for rapid technology adoption and adaptation within the real estate industry.
Blox, an online home buying platform, is excited to announce its strategic partnership with VDV Developers for two assets valued at $100 million, located in Tardeo and Mulund. These assets, covering an area of about 2,10,000 sqft, will be launched this calendar year.
This partnership is a part of Blox’s REaS / development management platform, which aims to target $500 million worth of revenue potential projects over the next three years. Blox has already launched its first project under this platform with VDV Developers, where they will execute and sell real estate projects. The first development, a 41-storey architectural masterpiece known as “The Altitude," is located in Tardeo, with plans for the next project in Mulund towards the end of this year.
In just 60 days since its launch on March 9th, The Altitude has seen over 2000 customer walk-ins and is projected to generate approximately $30 million in revenue this calendar year. Blox’s blox.xyz platform has a network of 8000+ RERA registered channel partners, in addition to D2C sales directly from its platform www.blox.xyz.
