06 September 2016, India :
Online real estate advisor PropTiger.com has acqui-hired Mumbai-based startup PropRates.
The acquisition, the price of which was not disclosed, will enable PropTiger to offer consumers real-time data about property transactions, both sales and rentals, in Mumbai in order to determine the fair market value of a property.
PropTiger.com is an online real estate advisor that functions on the fundamentals of trust, transparency and expertise. It is a digital marketplace with an exhaustive range of property listings.
“With this acquisition, PropTiger will be able to augment its existing DataLabs offerings. The advanced data collation tool developed by PropRates will enable users make more informed choices based on actual transaction prices while buying or renting property,” said Dhruv Agarwala, chief executive officer of PropTiger.com and makaan.com.
PropTiger.com guides home buyers right from the start of their home search to the very end. You can browse through more than 1,44,000 verified real estate properties with accurate lowdown on amenities, neighborhoods and cities, and genuine pictures. Then Shortlist favorite homes and allow the company to arrange site visits. Our work does not end here.
PropTiger.com assists with home loans and property registrations. It is funded by News Corp, SAIF Partners, Accel Partners and Horizen Ventures.