Hyderabad, India – [Date] – Nestled in the heart of India’s tech innovation hub, T-Hub, NearEstate is carving out a niche as a game-changer in the real estate sector. The company, founded by visionaries Mr. VenkataRamana Guddeti and Mr. Rajesh Myakala, is redefining the way people buy, sell, and explore properties with its groundbreaking platform, RealView360°.
With a mission to bring transparency and convenience to real estate transactions, NearEstate is blending cutting-edge technology with practical solutions to address some of the industry’s most pressing challenges. By harnessing the power of virtual reality (VR) and geospatial technology, the company is not only improving how properties are showcased but also making property exploration more accessible and engaging for buyers and realtors alike.
From Vision to Reality
The idea for NearEstate took shape when VenkataRamana Guddeti, an electronics and communications engineer with expertise in VR and geospatial technologies, faced a common problem while investing in properties. During his relocation to Australia, he struggled to assess real estate opportunities in India from afar. Frustrated by the limitations of traditional listings, he envisioned a platform where users could virtually “walk through” properties and explore neighborhoods in 360-degree detail—without the need for in-person visits.
“It was a moment of realization,” recalls VenkataRamana. “I thought, if we could leverage VR to create immersive property tours, it would not only save time but also build trust and confidence among buyers who couldn’t physically visit properties.”
To bring this vision to life, VenkataRamana teamed up with Rajesh Myakala, a business strategist with a background in virtual reality and real estate development. Together, they combined their expertise to develop RealView360°, a platform that transcends physical boundaries by offering immersive property tours and neighborhood insights.
The Innovation Behind RealView360°
At the core of NearEstate’s success is RealView360°, a platform designed to address the inefficiencies of traditional real estate transactions. The platform uses advanced VR and geospatial mapping to allow users to:
Virtually Explore Properties: Buyers can navigate through properties in stunning 360° detail, gaining a comprehensive understanding of the layout, ambiance, and features.
Discover Neighborhoods: The platform offers a unique feature that lets users explore surrounding areas, including amenities, schools, and transportation, providing a holistic view of the property’s location.
Connect Globally: RealView360° bridges the gap for international buyers, enabling them to assess properties remotely without the need for physical travel.
Enhance Realtor Listings: For real estate agents and developers, the platform offers a powerful tool to showcase properties in a dynamic, engaging manner, attracting more serious buyers.
“RealView360° isn’t just a platform; it’s a solution to the real estate industry’s biggest challenge—trust,” says Rajesh Myakala, Co-Founder and CEO. “By providing buyers with a transparent, immersive experience, we’re helping them make informed decisions and reducing the uncertainty that often accompanies property transactions.”
A Home in T-Hub, Hyderabad
Operating from T-Hub, one of India’s largest innovation ecosystems, NearEstate has leveraged the mentorship, resources, and collaborative environment of this startup incubator to refine its vision and accelerate growth.
“T-Hub has been instrumental in our journey,” says Rajesh. “It has provided us with access to industry experts, investors, and a thriving community of like-minded entrepreneurs. Being part of this ecosystem has allowed us to stay ahead in the fast-evolving PropTech space.”
Recognition and Impact
NearEstate is recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Startup India initiative (DIPP165602), underscoring its potential to make a significant impact in the real estate sector. Since its inception, the platform has garnered attention from real estate professionals, homebuyers, and tech enthusiasts alike.
“NearEstate is more than a business; it’s a movement to transform how people perceive and interact with real estate,” says VenkataRamana. “Our focus is not just on innovation but also on creating meaningful experiences that empower people to make better decisions.”
What’s Next for NearEstate?
Looking ahead, NearEstate has ambitious plans to expand its offerings. Upcoming features for RealView360° include augmented reality (AR) tools for visualizing home customization, predictive analytics for smarter property recommendations, and enhanced data insights for realtors to optimize their listings.
The company is also exploring strategic partnerships with real estate developers and agents to further integrate its technology into the property market. With its commitment to innovation and user-centric solutions, NearEstate is poised to lead the PropTech revolution in India and beyond.
About NearEstate.in
NearEstate is an innovative PropTech startup headquartered in T-Hub, Hyderabad. Recognized by the DPIIT under Startup India, the company’s flagship product, RealView360°, combines VR and geospatial technology to provide immersive property tours and neighborhood exploration. With a vision to transform the real estate industry, NearEstate is committed to making property transactions more transparent, efficient, and accessible for all.
