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Rising foreign investment in the Indian real estate market
Real estate sector in India is at its zenith. It has always been one of the most evolving sectors is one of the primary contributors to employment with seven percent of the country’s GDP. Furthermore, it is expected that by 2025 its contribution will increase to a whopping 13 percent.
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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.
