Nila Spaces Acquires Stake in Alt DRX to Boost Digital Real Estate Tokenization

Nila Spaces, a design-led real estate developer, has invested Rs 6 crore to acquire an approximately 1.4% minority stake in Alt DRX, a fintech startup that leads asset and real estate tokenization efforts in India. This investment marks a significant step toward accelerating the adoption of real estate tokenization from its early stages to widespread growth. The ongoing funding round has also attracted participation from global institutions and Indian family offices, highlighting the growing confidence in this innovative sector.

According to Nila Spaces, this strategic partnership strengthens its long-term commitment to financial innovation that promotes broader access, greater transparency, and sustainable value creation in the housing market. Both companies will collaborate to develop regulatory-compliant and investor-friendly tokenized housing products. These offerings will enable fractional ownership, reduce entry barriers for a wider demographic, and maintain institutional-grade governance and transparency.

Nila Spaces, led by Deep Vadodaria, operates as part of the Sambhaav Group. The company focuses on developing residential and commercial real estate projects, including affordable housing, luxury apartments, and developments within GIFT City. Nila Spaces also holds a significant land bank in Gujarat, which supports its long-term growth strategy and commitment to sustainable development.

Alt DRX, founded in 2021 by Anand Narayanan KB, is a Bengaluru-based fintech-proptech startup. The platform enables fractional ownership of residential real estate, allowing users to buy and sell property in increments as small as one square foot. By leveraging blockchain technology through Ripple’s XRPL, Alt DRX ensures secure and transparent transactions. Additionally, the platform offers rental income alongside potential capital appreciation, making real estate investment more accessible and attractive to a broader audience.

The collaboration between Nila Spaces and Alt DRX is expected to drive significant advancements in the real estate market, particularly in the realm of tokenization. This partnership aims to democratize access to real estate investments, reduce financial barriers, and enhance the overall transparency and efficiency of the sector.