Convrse Spaces, in collaboration with Magicbricks (The Times Group), is breaking new ground in the real estate sector by leveraging Virtual Reality (VR), Augmented Reality (AR), and Artificial Intelligence (AI). Discover how this innovative proptech solut
Real EstateVirtual RealityAugmented RealityArtificial IntelligenceProptechReal EstateMar 01, 2025
Convrse Spaces is a proptech company that specializes in using Virtual Reality (VR), Augmented Reality (AR), and Artificial Intelligence (AI) to transform the real estate market. It offers immersive property tours and personalized recommendations to enhance the user experience.
Convrse Spaces partners with Magicbricks, a subsidiary of The Times Group, to integrate its advanced technologies into Magicbricks' extensive real estate network. This collaboration provides a unique and comprehensive service to clients, making property searches more efficient and personalized.
The key features of Convrse Spaces' platform include VR and AR for immersive property tours, AI-driven personalized recommendations, and a user-friendly interface. These features enhance the overall customer experience and make the property search process more efficient.
Convrse Spaces is committed to reducing the carbon footprint associated with property viewings by providing virtual tours. This also makes the real estate market more inclusive by allowing individuals with mobility issues or those in remote areas to explore properties easily.
The future looks promising for Convrse Spaces as it continues to innovate and lead the digital transformation of the real estate industry. With its cutting-edge technology and strategic partnerships, Convrse Spaces is well-positioned to play a pivotal role in shaping the future of real estate.
Since entering the real estate sector in 2016 under the Birla Estates brand, the company has focused on residential and commercial developments across various strategic locations.
Foreign investors pumped $4.3 billion into Indian real estate, making up 66% of the total inflow, according to Colliers India.
MicroMitti, a leading proptech company, has secured Rs 90 crore in funding to fuel its growth and expand its real estate investments. The company has also launched its US arm, MicroMitti Inc., to tap into the international market.
Office space supply reduced 9.35 per cent year-on-year in 2024, while the demand increased by 21.9 per cent, highlighting a growing gap between supply and demand in India’s commercial real estate sector.
A real estate investment trust (REIT) backed by asset manager Blackstone Group and Bengaluru developer Sattva Group has filed its draft papers with the Securities and Exchange Board of India (SEBI) for a ₹7000 crore initial public offering (IPO).
Ahluwalia Contracts' stock price witnessed an impressive 8% jump after the company secured a significant ₹396 crore contract from the prominent real estate developer, Godrej Properties. This major win is expected to boost investor confidence and drive further growth in the company.