RealX, a fractional ownership platform, successfully closes a Rs 9.4 crore real estate deal in Dwarka, Gujarat, within 45 days using tokenized real estate technology. This innovative approach embeds legal property rights directly into blockchain tokens, offering genuine Right to Registered Co-Ownership (RRO) through digital assets.
Real EstateTokenized TechnologyBlockchainCoownershipLegal InnovationReal Estate NewsSep 05, 2025
RealX's unique approach involves embedding legal property rights directly into blockchain tokens, providing genuine Right to Registered Co-Ownership (RRO) through digital assets. This eliminates the need for intermediary structures like Special Purpose Vehicles (SPVs).
The Rs 9.4 crore deal in Dwarka, Gujarat, was closed within 45 days, showcasing the high demand for tokenized real estate technology.
The 93 investors in the Dwarka project are individuals and entities who participated in the tokenized real estate offering, investing in the 9-acre development project through RealX's platform.
Dubai's active support for tokenized real estate through the Dubai Land Department highlights the growing global acceptance and potential of this technology in the real estate sector.
RealX's Secure Digital Rights (SDR) technology differs from other RWA tokenization solutions by providing direct legal property rights within blockchain tokens, ensuring full legal enforceability in courts, unlike securities or derivative instruments offered by other platforms.
The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.
Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.
Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of