Oyo Rooms, Co-working and co-living spaces, security solutions for the gated community like MyGate and Alexa are some of the examples of proptech. Prop tech or property technology uses technology and innovation to make real estate sector more convenient and disruptive. Proptech, or property technology, helps in either discovery of real estate or helps in its construction or in provision of services. Proptech is improving the overall quality of living by providing technology that promotes convenience, safety and environment-friendly services. Investment in the proptech sector has been constantly rising. In 2011, the investment in proptech was 186 million USD globally and it has risen to 2.67 billion USD in 2016. In India too, proptech is becoming a hot proposition.
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