Signalling a sharper push into financial innovation, Nila Spaces has taken a minority stake in a fast-growing fintech platform focused on real estate tokenization.
Nila Spaces has invested ₹6 crore to acquire an approximately 1.4% stake in Alt DRX. The investment is aimed at strengthening digital financial capabilities and supporting the next phase of growth in real estate tokenization in India.
According to Nila Spaces, the investment reflects a clear intent to help move real estate tokenization from early adoption to scaled deployment. The ongoing funding round has also seen participation from global institutions and Indian family offices, pointing to rising confidence in tokenized asset platforms.
The Ahmedabad-based developer said the partnership aligns with its long-term focus on financial innovation that enables wider access, improves transparency, and creates sustainable value in housing.
As part of the collaboration, Nila Spaces and Alt DRX will work together to develop regulatory-compliant and investor-friendly tokenized housing products. These solutions are designed to enable fractional ownership, lower entry barriers for a broader set of investors, and maintain institutional-grade governance and transparency standards.
Led by Deep Vadodaria, Nila Spaces operates under the Sambhaav Group umbrella. The company develops residential and commercial projects spanning affordable housing, luxury apartments, and developments within GIFT City. It also holds a sizeable land bank in Gujarat, supporting its long-term expansion plans.
Alt DRX, founded in 2021 by Anand Narayanan KB, is a Bengaluru-based fintech-proptech startup. The platform allows users to buy and sell residential real estate through fractional ownership, with investments starting from as little as 1 square foot.
The company uses blockchain technology built on Ripple’s XRPL to enable secure and transparent transactions. Along with potential capital appreciation, Alt DRX also offers investors access to rental income, helping blend traditional real estate value with digital finance models.
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The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
