Nila Spaces launches proptech accelerator programme

National Stock Exchange-listed real-estate company Nila Spaces on Tuesday said it has launched an accelerator programme called ‘VisionX Program’ for proptech startups and committed $1 million to it.

The programme will be managed by Awfficacy Capital, a management consultancy firm, as per a statement from the Nila Spaces. VisionX is a 12-week rolling accelerator programme.

The programme will help with strategic and financial support across areas, including business planning, strategy formulation, market research, and product and tech development.


Participants will benefit from personalised mentorship, access to the proptech ecosystem, and sessions on business development and investor readiness, the statement said.

To be eligible, startups must meet various criteria, including being a seed-stage or early-stage startup, demonstrating innovation in their product or service, and possessing high-growth potential and scalability, the statement added.

“In today's real estate evolution, innovation is a necessity, not a choice. The VisionX Program is our commitment to propel prop-tech startups, providing capital, mentorship, and a sustainable ethos—an investment in the future of real estate innovation and the promotion of entrepreneurship in the Indian youth,” said Deep Vadodaria, CEO of Nila Spaces.

Nila Spaces, founded in 2000, registered total revenues of Rs 3.43 crore (about $412,277) in the financial year ended March 2023, as per its stock exchange filings. It is currently developing about 50,000 square feet of commercial space at the Gujarat International Finance Tec-City (GIFT City) to provide office infrastructure to companies setting shop in the area.

Nila Spaces opened on the NSE at Rs 4.50 per share. The stock was last trading at Rs 4.70 a piece in afternoon trade.