Journey from a Client to an Investor

Early Days: Nila Spaces and VirtSpaces’ VR Collaboration

Nila Spaces, recognized for its focus on sustainability and community-driven urban design, initially partnered with VirtSpaces when the latter was a rising VR specialist in real estate visualization. At the time, VirtSpaces’ core offering was immersive VR walkthroughs, taking blueprints from developers like Nila Spaces and converting them into 3D environments for clients, investors, and buyers to experience projects before construction.

These early collaborations helped Nila Spaces market and sell their ambitious developments more effectively. For a brand like Nila Spaces, which needed its vision for green living and eco-friendly design to be felt, not just read about, VirtSpaces’ VR tools were an essential sales and design communication asset.

The Pivot: VirtSpaces Embraces AI for Visualization

As the Proptech landscape evolved, VirtSpaces recognized a crucial inflection point. While VR and 3D had succeeded in making real estate more tangible, speed and scale were the next frontiers, especially for real estate’s high-volume, high-expectation market. VirtSpaces began investing in artificial intelligence, not just to enhance visualization quality but also to democratize access: allowing any developer, designer, or agent to convert 2D floor plans into fully staged, interactive 3D models in minutes, no advanced skills required.

Unlike traditional rendering, which was slow and often needed professional input, VirtSpaces’ new platform used AI to auto-furnish layouts, create photoreal scenes, and support real-time edits, all within a cloud-based, collaborative interface.

This pivot extended their product appeal beyond large-scale developers to individual architects, design firms, and realtors meeting the industry’s need for agility, customization, and digital-first sales tools.

Why Nila Spaces Went from Customer to Investor

Nila Spaces wasn’t just satisfied to be a beneficiary of VirtSpaces’ evolving tech; the leadership saw deeper potential. As Deep Vadodaria, CEO of Nila Spaces, has often stressed, the company’s investment priorities combine near-term economic value with long-term vision, whether in pursuit of carbon neutrality, digital transformation, or a more immersive client journey.

VirtSpaces’ AI platform directly enabled Nila Spaces to market properties with more transparency and confidence, boosting both conversion and consumer trust. Internal teams found the AI tools accelerated workflows, helping visualizations keep pace with sales and marketing cycles. Just as critically, the feedback loop between real-world project needs and VirtSpaces’ agile tech team meant feature innovation happened fast, often in direct response to developer needs.

Recognizing this alignment on product, values, and the shared ambition to revolutionize real estate technology, Nila Spaces decided not just to buy, but to take a stake in VirtSpaces’ future. This decision was also influenced by a broader industry shift: tech-savvy real estate leaders increasingly invest early in their core technology partners, giving themselves a seat at the table when it comes to product roadmaps.

On the Cap Table: Strategic Partnership in Action

By investing in VirtSpaces at the moment of its pivot, Nila Spaces moved from a vendor-client relationship to strategic partner and co-creator. Now on the VirtSpaces cap table, Nila Spaces brings:

• Direct financial investment, fueling further R&D and product scaling for the AI tools.
• A continuous supply of real-world problems, enabling VirtSpaces to iterate quickly and accurately on their suite.
• Access to the larger developer and builder community; VirtSpaces can showcase Nila Spaces’ success stories, accelerating market credibility.

In return, Nila Spaces gets:

• Privileged access to VirtSpaces’ latest AI capabilities.
• Support for highly customized sales and design needs.
• Influence on the long-term direction of the tech stack that’s rapidly becoming essential to property development and marketing.

The Impact: Faster Sales, Better Customer Experience, Real Innovation

On Nila Spaces’ side, the adoption of VirtSpaces’ AI-powered toolkit has streamlined how properties are presented to buyers, investors, and regulators. Realistic, interactive visualizations built in minutes, not weeks and let buyers “walk through” projects, visualize design choices, and make confident decisions earlier in the sales cycle.

For VirtSpaces, the feedback and partnership with Nila Spaces has driven product improvements, from better scene realism to user-friendly editing and cloud-based sharing, a necessity for hybrid teams and cross-country stakeholders. The mutual learning pushes VirtSpaces further ahead of generic visualization SaaS, rooting its capabilities firmly in the lived needs of the real estate vertical.

A New Blueprint for Proptech Collaboration

Nila Spaces turning investor marks more than a line item on a cap table; it points to a new industry blueprint. Forward-thinking developers don’t just adopt technology: they co-create and invest with the startups best poised to shape their digital transformation, giving them both competitive advantage and an inside track as the next wave of Proptech matures.

The move also reflects a dawning reality: AI and automation aren’t auxiliary tools for real estate, they are becoming core to speed, sustainability, efficiency, and profitable growth.

The Nila Spaces–VirtSpaces story demonstrates what’s possible when a domain leader invests in the innovators it believes in from customer, to collaborator, to equity stakeholder. As VirtSpaces continues to grow its AI platform for visualization, and Nila Spaces executes on its vision for smart, sustainable urban living, their mutual stakes promise to set new standards for what Proptech partnerships can achieve for years to come.

VirtSpaces deeply appreciates the partnership, trust, and confidence placed in the team, and is committed to ensuring that this journey leads to rewarding outcomes for everyone involved.