Inc42, DevX Launch RE:FRAME With ₹15 Cr Investment Pool For PropTech Startups
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India’s real estate industry is worth an estimated $650 Bn. Yet, for a sector of this scale, the way properties are built, bought, sold and managed remains surprisingly dependent on traditional processes.
From fragmented broker networks and manual verification to lengthy property transactions and construction inefficiencies, large parts of the real estate value chain have yet to experience the technological transformation seen in sectors such as banking, commerce and mobility.
For startups, this presents an enormous opportunity. But building real estate technology comes with a unique set of challenges.
Selling to traditional developers, converting pilots into enterprise contracts, navigating regulatory complexities and building scalable business models require far more than a promising product.
It is this gap between building a solution and scaling a business that Inc42 and publicly listed workspace company DevX are looking to address with the launch of RE:FRAME, a four-week accelerator for India’s emerging PropTech startups.
Designed for founders who have already demonstrated early market traction, RE:FRAME will bring together 10 promising PropTech startups for hands-on learning, mentorship, industry connections, enterprise exposure and investor access.
The programme will culminate in a curated Demo Day, where five shortlisted startups will pitch for potential investment from a ₹15 Cr pool (subject to investment evaluation and terms).
Applications for the inaugural cohort are now open and will close on 20 December 2026.
APPLY NOW FOR RE:FRAME“We started DevX as an accelerator in 2017, so supporting founders is in our DNA. RE:FRAME brings us back to that root, now with the depth of a listed real estate operator behind it. We’re looking for founders who want to rethink how India builds, leases, manages and invests in property. We’ll give them more than desks: we’ll put real customers, mentors and capital in the room,” said Umesh Uttamchandani, cofounder and MD, DevX.
India’s PropTech Opportunity Is Growing, So Are Its Challenges
India’s real estate industry is undergoing a significant shift. According to a FICCI–KPMG report, India’s real estate market was valued at approximately $650 Bn in 2025 and is projected to reach $5.8 Tn by 2047.
Technology is becoming an increasingly important part of this transformation. While the first generation of PropTech businesses largely focussed on bringing property discovery and transactions online, the opportunity is now expanding across the real estate lifecycle.
Startups are developing solutions for construction automation, developer sales, property management, smart buildings, financing, energy efficiency, land records and AI-powered analytics.
Investor interest has followed.
According to Inc42 Datalabs, India’s proptech sector raised around $834 Mn across 42 funding rounds in 2025. Infra.Market ($254 Mn) and WeWork India ($210 Mn) alone accounted for more than 50% of the total capital raised.
The sector has also witnessed a wave of public listings, with companies such as DevX, Smartworks, IndiQube, WeWork India and ArisInfra making their stock market debuts in 2025.
But for emerging founders, raising capital is only one part of the challenge.
Unlike consumer internet businesses, PropTech startups often operate in an ecosystem characterised by long enterprise sales cycles, multiple stakeholders, legacy business practices and complex regulatory requirements.
A startup may have a working product and paying customers but still struggle to expand beyond a handful of developers, convert pilots into recurring contracts or establish a repeatable go-to-market strategy.
The questions become increasingly difficult as these businesses grow.
How do founders build trust with traditional real estate enterprises? What does it take to scale distribution across developers and property markets? How can AI and technology improve operating efficiency without compromising unit economics? And how should startups position themselves for institutional capital?
Solving these challenges requires more than capital. It requires access to the right industry networks, operators, expertise and opportunities to test business models at scale.
This is the opportunity RE:FRAME aims to address.
Introducing RE:FRAME: A PropTech Accelerator Built For Scale
RE:FRAME brings together Inc42’s experience working with India’s startup, investor and founder ecosystem and DevX’s expertise in developing and operating managed workspaces. The partnership aims to combine startup acceleration with a deeper understanding of the real estate industry’s operational challenges, enterprise requirements and commercial opportunities.
The accelerator is designed for founders who have moved beyond the idea stage, built working products and demonstrated early customer demand, but now face the more complex task of scaling their businesses.
Rather than taking a one-size-fits-all approach to startup acceleration, the four-week programme will focus on the challenges specific to PropTech businesses — from enterprise sales, go-to-market strategy and unit economics to product development, AI adoption and fundraising.
“India’s PropTech opportunity extends far beyond digitising property transactions. The next wave of startups will fundamentally change how real estate is built, financed, managed and experienced. But building a promising product is only the first step. The real challenge is turning innovation into adoption and sustainable businesses. With RE, we want to help founders bridge that gap and build companies that can shape the future of India’s real estate industry,” said Vaibhav Vardhan, Founder and CEO of Inc42.
For the first cohort, 10 startups will be selected, with applications assessed on market traction, the strength of the problem being solved, market opportunity, founding team and potential to scale. APPLY NOW FOR RE:FRAME
Who Can Apply For RE:FRAME?
The programme is open to startups operating across the real estate value chain, including property discovery and brokerage, construction technology, developer sales and marketing, property management, rental and tenant experience, commercial real estate, real estate financing, smart buildings, sustainability, AI and real estate data analytics.
Inside The Four Weeks Of RE
The inaugural cohort will begin its programme journey in February 2027, and will follow a hybrid format, combining virtual learning with an intensive physical bootcamp in Delhi NCR.
Starting with three weeks of learning, the final week will bring the selected founders together for a six-day physical bootcamp and a demo day in Delhi NCR.
The curriculum will address four interconnected aspects of scaling a PropTech business:
- Go-To-Market & Enterprise Sales: Building repeatable sales processes, improving customer acquisition and navigating complex enterprise relationships.
- Business Models & Unit Economics: Strengthening monetisation, pricing, financial discipline and the operating foundations required for sustainable growth.
- Product, Technology & AI: Building differentiated products, identifying practical AI applications and developing technology roadmaps that support scale.
- Fundraising & Investment Readiness: Sharpening investment narratives, understanding fundraising strategies and preparing for investor discussions.
Through the programme, founders will have opportunities to learn from experienced PropTech entrepreneurs, technology leaders, real estate operators, investors and specialists familiar with the commercial and regulatory complexities of the industry.
Demo Day: The ₹15 Cr Investment Opportunity
RE:FRAME will culminate in a curated Demo Day in March 2027, where the top five startups from the inaugural cohort will pitch their businesses to venture capital investors, angel investors, HNIs and industry leaders.
The shortlisted startups will have an opportunity to secure funding from a ₹15 Cr investment pool, subject to investment evaluation and mutually agreed terms.
If you’re building technology to transform how India’s real estate is developed, bought, sold or managed, and have the traction and ambition to scale, RE could be your next big leap.
Applications for Cohort 01 close on 20 December 2026.
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