For most Indians, owning real estate remains a distant dream—a high-ticket aspiration locked behind hefty EMIs and long-term commitments. But Anand Narayanan, founder of Bengaluru-based startup Alt DRX, wants to change that.
His idea is deceptively simple: Why not allow everyday people to invest in real estate, one square foot at a time?
That’s the promise Alt DRX is bringing to life with the help of blockchain technology and a fresh round of funding. The startup has just raised ₹23 crore (approximately $2.7 million) from a blend of institutional and marquee individual investors. Notable names include Qatar Development Bank, WeFounder Circle Angel Fund, and nX Capital, as well as cricket commentator Harsha Bhogle, Mindtree founder Parthasarathy, and former KPMG India CEO Richard Rekhy.
This funding will fuel Alt DRX’s growth plans—particularly in customer acquisition, technology enhancement, and operational scaling.
At the core of Alt DRX’s model is a bold vision: to tokenise real-world residential property and make it accessible via fractional ownership. By breaking down properties into square-foot tokens, users can invest in high-value real estate using small sums. The platform uses Ripple’s XRPL blockchain to manage transactions and ensure secure, transparent, and algorithmically priced deals. A custodial ledger ensures all users are KYC-verified, aligning with regulatory standards.
“We’re building a world where your real estate investment journey starts not with crores, but with clarity, transparency, and a few thousand rupees,” says Narayanan.
And it’s not just an idea for the future—it’s already operational. The platform facilitates about 100,000 transactions a year, showing real traction in a nascent but fast-evolving market.
Alt DRX is also making waves internationally. The company is part of the Qatar Financial Centre’s Digital Assets Laband actively participates in the IFSCA’s innovation sandbox at GIFT City in Gujarat—a clear sign that regulators are taking note.
According to a report by BCG and Ripple, the tokenisation of real-world assets, including real estate, could become an $18 trillion opportunity by 2033. For startups like Alt DRX, the race to shape that future is just beginning.
By blending Indian real estate ambition with global fintech innovation, Alt DRX may just be offering a new path to ownership—one square foot at a time.
