PropTiger has entered into a transaction with Makaan.com that brings the two platforms together, creating a comprehensive online real-estate platform, one that will offer end-to-end services to home buyers, real estate developers, property brokers, banks and private equity investors.
“Together, PropTiger.com and Makaan.com will provide home buyers with a powerful online real estate platform to guide them through the early stages of home search and identification and all the way until they have the keys to their dream home,” said Dhruv Agarwala, Co-founder & CEO, PropTiger.
The fully assisted home buying experience will include being able to shortlist the right set of homes from a wide array of listings online, and then having a personalized service that helps with site visits, price negotiations, documentation, home financing, registration and post sales services.”
Since 2011, some 12,000 homes worth US$ 1.2 billion have been purchased through the PropTiger.com platform. It has a team of over 500 people including engineers, product experts and property advisors in eight major Indian cities.
Makaan has around 200,000 active property listings and relationships with 40,000 brokers in 50 Indian cities. Some 40% of Makaan.com’s traffic comes from mobile.
Earlier this month, PropTiger acquired Bangalore-based Out of Box Interaction (OoBI).
Terms of the transaction were not disclosed.