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Housing.com Re-enter Into Rental Business

18Apr By PriyankaNo Comments

News

Housing.com Re-enter Into Rental Business

Realty portal Housing.com, which has recently merged with PropTiger.com, has re-entered into rent business and targets to list 2 lakh homes in the next three months. Housing.com, which was founded in 2012, initially focused on providing independently verified listings of homes to address the issue of finding homes for rent in metros and major cities. However, the company had in November 2015 decided to restructure its business to focus only on buying and selling of apartments. "... The reintroduction of rentals is a crucial step for the brand which was a leading player in the segment," Housing.com said in a statement. With the relaunch, the portal has over 60,000 verified units listed to be rented with the number expected to exceed 2,00,000 in three months. Housing.com, part...

Emaar Malls Confirms $800 Million Bid For Souq.com

28Mar By reutersNo Comments

ACQUISITION

Emaar Malls Confirms $800 Million Bid For Souq.com

Dubai's Emaar Malls, a unit of Emaar Properties, said on Monday it had submitted an $800 million bid for Middle Eastern online retailer Souq.com. The bid has so far not been accepted by Souq.com's shareholders, Emaar Malls said in a bourse statement. Local business magazine Arabian Business had previously reported the bid. Last week, sources familiar with the matter told Reuters that Amazon.com Inc had agreed in principle to buy Souq.com. Amazon declined to comment, and a spokesperson for Souq.com did not respond to a request for comment. Emaar Malls’ bid has so far not been accepted by Souq.com shareholders, the Dubai-listed firm said in a stock exchange announcement on Monday. Souq.com, which was founded 12 years ago by Syrian-born entrepreneur Ronaldo Mouchawar have to break...

Coldwell Banker India Acquires Online Realty Portal Favista.com

11Mar By NitishNo Comments

ACQUISITION

Coldwell Banker India Acquires Online Realty Portal Favista.com

Coldwell Banker India has acquired favista.com in an all stock deal. All of Favista's assets, IP, and employees will become a part of Coldwell Banker India as of the closing date. Favista has been a pioneer in the real estate technology space with some of the lowest lead generation costs in the industry, having generated over 500,000 inbound buyer leads till date. It has also gained a reputation of being one of the most credible portals for obtaining new project information for consumers across the country. Favista.com will continue to remain as a standalone portal providing marketing and lead generation services to developers and Coldwell Banker India's current and future franchise network. Favista also has an on-ground brokerage arm that assists home buyers in identifying and pu...

O2O Platform Square Yards Raises USD 12 Million Investment From Anil Ambani

9Nov By NitishNo Comments

FUNDING

O2O Platform Square Yards Raises USD 12 Million Investment From Anil Ambani

India's largest online to offline (O2O) real estate transaction player Square Yards has raised USD 12 million investment from the Private Equity arm of Anil Ambani led Reliance Group. This is Square Yards' first institutional investment after it had raised USD 11 million from a clutch of HNW investors last year. Founded in 2013, Square Yards is the largest distributor for primary residential real estate in India, and it enjoys a leadership position in the Non Resident Indian (NRI) markets. "With this collaboration, the company will be able to draw on Reliance's extensive experience, particularly in scaling up the business to a higher growth trajectory and creating significant shareholder value in the process. Besides capital, we will also get access to best practices in running la...

Property Consultant JLL Invests in Tech Startup Foyr.com

24Oct By NitishNo Comments

FUNDING

Property Consultant JLL Invests in Tech Startup Foyr.com

Property consultant JLL India today launched a new vertical to invest in technology start-ups in the real estate sector, making first such investment in Foyr.com. JLL did not disclose the amount invested in Foyr.com -- a technology platform for visualising real estate space. But it expects three more investments this year and 10-15 in the next 12-18 months. Foyr's technology allows developers to market their developments and also customisation of interiors on the fly. The new independent real estate technology investment vertical will see infusion in start-ups or growth-stage companies developing innovative and disruptive technology solutions specific to the real estate sector, JLL said in a statement. "The purpose of this vertical is to invest into early-stage companies - or s...

PropTiger Acquires PropRates, Adds Advanced Data Collation Tool to Offerings

5Sep By AnkitaNo Comments

ACQUISITION

PropTiger Acquires PropRates, Adds Advanced Data Collation Tool to Offerings

Online real estate advisor PropTiger.com announced the acqui-hire of Mumbai-based start-up PropRates, a pioneer in data collation tools which gathers actual real estate transaction data. With this acquisition, PropTiger aims to provide consumers real-time access to price related information on the property market. The latest acquisition comes close on the heels of the company's acquisition of Gurgaon-based 3DPhy earlier in August, which was aimed at extending its lead in 3D visualisation and other technology solutions. Commenting on the development, Dhruv Agarwala, CEO, PropTiger.com and makaan.com, said: "With this acquisition, PropTiger will be able to augment its existing DataLabs offerings. The advanced data collation tool developed by PropRates will enable users to make m...

Housing.com Target $10 mn Revenue in 2016

30May By PriyankaNo Comments

News

Housing.com Target $10 mn Revenue in 2016

Housing.com , which has raised over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal. Last November, it had decided to monetize its products as part of the restructuring exercise. "Housing.com is receiving an overwhelming response to the products it launched in January with revenue growing 200 percent month-on-month and the company on track to achieve $10 million in revenue this fiscal year," it said in a statement. After the company decided to focus its business on home buying and selling, Housing.com said it has started a series of digital advertising products for developers and brokers to provide maximum customer exposure and return on investment for their home sal...

8Apr By Press Trust of IndiaNo Comments

News

Housing.com to Spend Up to $7 million on Ads This Year

Realty portal Housing.com plans to spend up to USD 7 million on advertisements this fiscal as it looks to strengthen its brand equity. Softbank-backed company, which today announced the launch of its first ever TV campaign, will be releasing a slew of ads on electronic, digital and social media platforms targetting consumers in the age range of 25-40. "We have just launched the first ever television ad to strengthen our brand and establish deeper emotional connect with our consumers. We are looking at a marketing spend of USD 5-7 million in 2016-17 for advertisements on TV, digital and social media," Housing.com CMO Nikhil Rungta told PTI. The first ever TV campaign would be launched during this IPL. The media outreach will include channels across GECs, Sports, News, Movies and...

4Apr By AnkitaNo Comments

FUNDING

Housing.com Received New Funding From Ex-99Acres.com Head

Vineet Singh, an active angel investor and former Business Head of 99 Acres.com Invested an undisclosed amount in SoftBank funded online real estate portal Housing.com. Mr. Singh will join the Housing board as a senior advisor. "Vineet brings with him enriching experience, deep understanding of the ecosystem, and a decade of high-achieving sales leadership in the online real estate space. On board as a personal investor, Vineet will also serve as a senior advisor to the company working closely with the management team. We believe that his association will further fuel the ambitious growth plans of Housing.com," said Jason Kothari, chief executive officer, Housing.com. Currently, Singh is co-founder, CEO and MD of Buildczar.com, a marketplace for building materials and finishing produ...

2Mar By reutersNo Comments

CHINA

China Party to Punish Former Tycoon for Microblog Posts

China's ruling Communist Party will impose "severe intra-party penalties" on a former property tycoon whose microblogs were closed at the weekend after he criticised government policy, state news agency Xinhua reported. Microblog portals such as Weibo.com and t.qq.com, among China's most popular, were ordered to shut the accounts of Ren Zhiqiang, a retired top executive from a state-controlled property developer who had more than 30 million online followers. China's Internet regulator said that Ren, a party member, had been "spreading illegal information". Chinese media has accused Ren of making remarks criticising state media and questioning whether taxpayers money should be used to promote the government. The Beijing city Xicheng district party committee said that Ren had "re...

After 3 Failed Attempts, He Made a Back Breaking Platform For Real Estate – Searchahome

17Feb By No Comments

Story

After 3 Failed Attempts, He Made a Back Breaking Platform For Real Estate – Searchahome

Nightmares of shifting from one place to another haunting you? Ever dreamt of relocating? We bring a solution to this back-breaking and bone-cracking problem- SearchAhome.in, With SearchAhome it was this easy to find a life-long accommodation. SearchAhome brings potential buyers, sellers, landlords, tenant and builders together on a very transparent platform to go with the dealings. With its headquarters situated at Vikas Marg, New Delhi, the startup came into its existence on 29th August 2014. SearchAhome currently entertains the regions of Delhi Ncr and claims to provide the best deal in the given shortest period of time. The founder Vikas Joshi holds an experience of 20 years of real estate business and developed the platform by realising the need of overcoming the shortcomings...