DAO PropTech is disrupting the country’s Developmental Real Estate (DRE) market through its end-to-end digital journey, low-budget entry and complete transparency by integrating blockchain technology
Founded in 2020 when the pandemic was at its peak, this proprietary platform has integrated Blockchain Technology to democratize Pakistan’s Real Estate sector. The startup has introduced 6.75 billion worth of projects already with hundreds of investors as registered users, of which 23% are women. Truly enabling all Pakistani investors and developers to invest in purpose and need-driven real estate.
With DAO, you become a partner in the DRE business through fractional ownership offered on cost-based valuations, and with complete transparency of costs, pricing, sales figures and construction progress, which is visible through the proprietary portal powered by anonymous distributed ledger technology.
“We have envisioned a world where Developmental Real Estate is not booked by the selected few, but the masses in general. We believe that the real estate ecosystem should be built to work for everyone. That is why we are creating products that will let you start investing at your own pace, on your own terms. We are on a mission to create the next generation of real estate entrepreneurs”, explained by Owais Barlas, CSO DAO PropTech in a conversation with Startup Pakistan.
This startup, led by a team of young, passionate and highly skilled professionals, believes in a market where real estate transactions are self-driven (anonymous) and transparent, where people are empowered by the technological simplicity for informed and highly beneficial decisions.
How does this startup work?
DRE across the globe is considered as one of the most secure investments. But comes with limitations such as high barriers to entry, low liquidity, tedious title transfer process, opaqueness and inequitable distribution of profits.
DAO PropTech has lowered the barrier to entry by introducing fractional ownership, and you can now accumulate wealth 1 sq. ft. at a time. This ensures high liquidity, inclusivity and full access to the DRE market for all persons alike. However, with typical fractional ownership methods, overselling arises as an issue. DAO’s Blockchain based technology addresses this with complete transparency in relation to total sq. ft. units available and the related transactions. This publicly available information also shows the previous sale price(s) with time stamp(s).
In Pakistan, there exists a huge lack of transparency when evaluating the actual cost of any DRE project due to misleading sales figures, invisible development progress, big chunks of profits wanted by the developers, middlemen and more. Addressing the concerns, DAO’s fully coherent platform provides
- Cost breakdown
- Project need & details
- Live update on units available and sold
- Anonymous public ledger showing all the transactions
- Clear and dated construction milestones
- All legal documents shared online
- Regular construction updates
DAO PropTech takes care of numerous critical aspects of investing, right from discovery to liquidation. Their offering is highly appealing. With such technological advancements there seems to be a bright future for the masses, putting many people on the road to property ownership.
While the public sector is addressing the housing shortfall problem through subsidies, here is a valiant act by the private sector to address the same through market forces.
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