The startups — Touchwizard Technologies, XLSYS Technologies and WEGoT Utility Solutions — were declared winners post three stages of evaluation by industry leaders from across sectors, CBRE said in a statement.

The National Association of Software and Services Companies (Nasscom) and CBRE South Asia had started this competition in May this year.

Srikanth Srinivasan, Head Membership, Nasscom said, “We see this initiative as a step forward towards building a sustainable ecosystem for PropTech start-ups in the country.”

“We wanted to create a platform in India that advocates PropTech and slowly but steadily walk towards creating a truly global experience for consumers in the Realty sector,” said Anshuman Magazine, Chairman and CEO, India and South East Asia, CBRE.

Chennai-based Touchwizard Technologies, which came first in the challenge, deals in manufacturing and trading of video projectors, interactive boards, projector screens, interactive floor systems, virtual field trip service and virtual reality kit trip services.

Bengaluru-based XLSYS Technologies offers jobsite management and analytics services for the real estate industry. WEGoT Utility Solution specialises in utility management and water management solutions.