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Digital realty platform Blox acquires 11% in advisory firm Guardians for $12 million
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.
This acquisition will bring together Blox and Guardians, managing annual sales of around 25,000 homes with a consolidated Gross Transaction Value (GTV) of $2 billion in the Indian primary residential market.
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Blox, India’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.
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’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.
