Fintech start-up Alt Realtech has launched the world’s first digital real estate exchange, called ‘ALT DRX’, which enables investors to buy and sell fractional ownership of real estate assets in a secure and transparent manner. Alt Realech aspires to enable real estate transactions for deals as small as one square foot.
The platform aims to democratize real estate investments by allowing small investors to participate in transactions that were previously only accessible to institutional investors. It’s hoping to capture a significant share of India’s real estate market, which is valued at $200 billion, by leveraging its innovative technology and customer-centric approach.
AltX uses blockchain technology to maintain a tamper-proof and decentralized ledger of all transactions, ensuring complete transparency and security. It also provides access to a range of real estate assets, including residential, commercial, and industrial properties.
Via: Economic Times
Last modified: July 20, 2023