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.