India's First Real Estate Tokenisation Platform to be Established at GIFT City

India is on the brink of pioneering a groundbreaking initiative: the establishment of its first regulated real estate and infrastructure asset tokenisation platform at Gujarat International Finance Tec-City (GIFT City). This innovative platform, leveraging blockchain technology, aims to democratize investments in the real estate and infrastructure sectors, granting small investors fractional ownership through asset tokens while enhancing liquidity for global asset owners.

The International Financial Services Centres Authority (IFSCA), headquartered at GIFT City, has conditionally approved several entities to initiate this transformative platform. Among them is Realdom India Pvt Ltd, a proud member of Startup India and Nasscom’s T-AIM initiative.

Realdom is spearheading the regulatory innovation process, known as Sandbox, to launch its platform dubbed Pinvest Exchange. Tushar Deochakke, Pinvest Exchange’s founder, envisions bridging the gap between investors seeking growth opportunities and asset owners in need of capital.

Assets undergo meticulous due diligence, credit rating, and independent valuation by chartered valuers before being tokenised and issued to investors. An asset tokenisation committee is actively collaborating on recommendations to the regulator for the formation of new financial instruments.

The utilisation of blockchain technology promises enhanced security features and benefits for all stakeholders involved. Real estate and infrastructure, key sectors globally attracting institutional capital and fostering employment across multiple industries, will finally have an independent marketplace at GIFT City.

GIFT City’s burgeoning reputation as a financial hub has drawn global fintech entities, with over 500 companies already housed there, including renowned tech giants like Google, IBM, and Oracle. With its existing infrastructure and dynamic ecosystem, GIFT City is poised to revolutionize India’s financial landscape and propel it to new heights of innovation and prosperity.