RealX Closes INR 9.4 Crore Deal in Dwarka, Gujarat in Record 45 Days and Launches 2nd Ayodhya Property

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RealX is the worlds first platform to establish direct legal property rights within blockchain tokens through its pioneering Secure Digital Rights (SDR) technology. The company today announced successful closure of its fractional ownership offering, for a prime 9-acre development project in Dwarka, Gujarat. The deal attracted 93 investors and was fully subscribed within 45 days, it showcased a huge demand in tokenized real estate technology and legal innovation.

Worlds First Platform to embed direct legal property rights in blockchain tokens achieves landmark transaction with 93 investors across 9-acre development

RealX has embedded actual legal property rights directly into blockchain tokens, creating a propriety model that operates fully within existing legal frameworks. This innovation represents years of intellectual property development in both legal and technology frameworks, combining cutting-edge blockchain technology with sophisticated legal structuring to deliver genuine Right to Registered Co-Ownership (RRO) through digital assets.Manish Kumar, CEO of RealX, said, “What we have accomplished with the Dwarka project, validates our revolutionary Secure Digital Rights (SDR) technology that makes RealX the worlds first platform to embed direct legal property rights within blockchain tokens. Our investors are holding Property Tokens that provide direct Rights on the property, with full legal enforceability in courts. Our proprietary legal framework operates within existing base property laws without creating SPVs or securities. While global competitors are relying on intermediary structures, our IP enables direct co-ownership through blockchain tokens. This means when one holds a Property Token, one can exhaust it to become a direct registered co-owner of the property, something no other platform worldwide can offer.

Neera Inamdar, COO of RealX, said, “Even we were a little surprised by the subscription within 45 days. At the same time, the offline legal process upto registration took a few months’ time which is also unusual. We are trying to solve real estates most complex digitization challenge and learning a lot as we go along executing transactions.”

Our solution can have transformative effects in the future even as similar technology and process can be used to develop advanced Real Estate products as well as can be applied to other real-world assets as we scale,Manish further added.

The sector has immense potential; Dubai has embraced tokenized real estate through Dubai Land Department actively supporting it. Elsewhere, the platforms typically rely on SPV structures that separate legal ownership from token ownership. The United States’ RWA tokenization has reached over $8 billion in total value locked, yet most solutions offer securities or derivative instruments rather than direct property rights. Qatar and Singapore continue developing regulatory frameworks, but lack the integrated legal-blockchain model that eliminates intermediary structures entirely.

The successful closure comes amidst a global surge in Real World Asset (RWA) tokenization. However, RealXs approach fundamentally differentiates it from global competitors by solving the critical challenge that has plagued the industry, the gap between blockchain tokens and actual legal ownership.

About RealX
RealX is the worlds first platform to successfully embed direct legal property rights within blockchain tokens through its pioneering Secure Digital Rights (SDR) technology. Unlike all other players globally, RealX operates without creating SPVs or offering securities, instead providing direct co-ownership through its proprietary legal framework built on existing base property laws.

It has a Dual Ownership Model, Registered Co-Ownership (RCO) and Property Tokens (NFTs) on blockchain. There are no intermediaries, direct property rights without SPV structures; it has court-enforceable rights, which means full legal enforceability with proportionate beneficial ownership. It can enable mass market access with minimum investment of INR5,000 with complete legal protection. It has a 100% digital ecosystem and strict marketplace approach without agent mandates.

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Ravindra Kirti Founder Mojo Patrakar
Ravindra Kirti is a well-rounded Marketing professional with an impressive academic and professional portfolio. He is IIM Calcutta alumnus & holds a PhD in Commerce, having written an insightful thesis on consumer behavior and psychology, which informs his deep understanding of market dynamics and client engagement strategies. His academic journey includes an MBA in Marketing, where he specialized in strategic management, international marketing, and luxury retail management, equipping him with a global perspective and a strategic edge in high-end market segments.In addition to his business expertise, Ravindra is also academically trained in law, holding a Master’s in Law with specializations in law of patents, IT & IPR, police law and administration, white-collar crime, and corporate crime. This legal knowledge complements his role as the Chief at Jurislaw Partners, where he applies a blend of legal acumen and strategic marketing.With such a rich educational background, Ravindra excels across a range of fields, from legal marketing to luxury retail, and event design. His ability to interlace disciplines—commerce, marketing, and law—enables him to drive successful outcomes in every venture he undertakes, whether as Chief at Jurislaw Partners, Editor at Mojo Patrakar and Global Growth Forum, Founder of CircusINC, or Chief Designer at Byaah by CircusINC.On a personal note, Ravindra Kirti is not only a devoted pawrent to his pet, Kattappa, but also an enthusiast of Mixed Martial Arts (MMA) and holds a Taekwondo Dan 1. This active lifestyle complements his multifaceted career, reflecting his discipline, resilience, and commitment—qualities he brings into his professional relationships. His bond with Kattappa adds a warm, grounded side to his profile, showcasing his nurturing and compassionate nature, which shines through in his connections with clients and colleagues.Ravindra’s career exemplifies versatility, intellectual depth, and excellence. Whether through his contributions to media, law, events, or design, he remains a dynamic and influential presence, continually innovating and leaving a lasting impact across industries. His ability to balance these diverse roles is a testament to his strategic vision and dedication to making a difference in every field he enters.