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Nila Spaces Invests in Fintech Startup Alt DRX to Accelerate Real Estate Tokenization

Published: February 04, 2026 | Category: Real Estate
Nila Spaces Invests in Fintech Startup Alt DRX to Accelerate 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 at the forefront of asset and real estate tokenization in India.

According to Nila Spaces, the investment signals a decisive step in accelerating the transition of real estate tokenization from early adoption to scaled growth. The current funding round has also seen participation from global institutions and Indian family offices.

The Ahmedabad-based company says that the partnership with Alt DRX reinforces the company’s commitment to financial innovation that expands access, transparency, and long-term value creation in housing. The collaboration will focus on developing regulatory-compliant, investor-friendly tokenized housing products, enabling fractional ownership and lowering entry barriers for a wider demographic, while maintaining institutional-grade governance and transparency.

Led by Deep Vadodaria, Nila Spaces is a real estate development company part of the Sambhaav Group. It specializes in developing residential and commercial projects, focusing on affordable housing, luxury apartments, and projects within GIFT City. The company has a significant land bank in Gujarat.

Launched in 2021 by Anand Narayanan KB, Alt DRX is a Bengaluru-based fintech prop-tech startup that enables fractional ownership of residential real estate, allowing users to buy and sell property in increments as small as 1 square foot. The platform uses blockchain technology (Ripple's XRPL) for secure, transparent transactions and offers rental income alongside potential capital appreciation.

This strategic partnership between Nila Spaces and Alt DRX is expected to revolutionize the real estate market by making property ownership more accessible and transparent. By leveraging blockchain technology, the collaboration aims to bring about a new era of financial innovation in the housing sector, benefiting a broader range of investors and homebuyers.

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Frequently Asked Questions

1. What is real estate tokenization?
Real estate tokenization is the process of converting real estate assets into digital tokens on a blockchain. These tokens represent fractional ownership of the property, allowing multiple investors to own and trade shares of a single property.
2. Why did Nil
Spaces invest in Alt DRX? A: Nila Spaces invested in Alt DRX to accelerate the transition of real estate tokenization from early adoption to scaled growth. The partnership aims to expand financial innovation, transparency, and long-term value creation in the housing sector.
3. What are the benefits of real estate tokenization?
Real estate tokenization offers several benefits, including increased liquidity, lower investment barriers, transparency, and the ability to diversify investment portfolios. It also allows for fractional ownership, making property investment more accessible to a broader range of investors.
4. How does Alt DRX enable fractional ownership of real estate?
Alt DRX uses blockchain technology to tokenize real estate assets, allowing users to buy and sell property in increments as small as 1 square foot. This makes it possible for multiple investors to own and trade shares of a single property, thereby lowering entry barriers and increasing liquidity.
5. What is the role of blockchain in real estate tokenization?
Blockchain technology provides a secure and transparent platform for real estate tokenization. It ensures that all transactions are recorded immutably, reducing the risk of fraud and increasing trust among investors. Blockchain also enables smart contracts, which automate and streamline the buying and selling process.