Online real estate portal Housing has confirmed that it acquired Delhi-based startup Realty Business Intelligence in a deal that is valued Rs 10 crore.
The acquisition will allow Housing to offer customers aid in making informed decisions while investing in new projects and also help bring transparency in the risk-filled Indian real estate market.
Realty BI will have access to Housing’s vast developer database and consumers in order to provide a unified collateral risk assessment platform.
Earlier this year, Housing acquired Indian Real Estate Forum (IREF) to provide users with trustworthy information about developers and other real estate related queries.
As the online realty sector in India heats up, the industry is expected to get consolidated as players like Housing, Commonfloor, MagicBricks, etc scoop up smaller players to grow market share and intelligence.