Dipti Gore
Makes MansionGlobal.com a one-stop destination for resident Indian and NRI luxury home-buyers looking for premium residences in India and around the world
MUMBAI/DELHI, 23rd JULY, 2015: News Corp backed PropTiger.com, India’s leading digital real estate marketing and transactions services provider, today announced that high-end luxury homes in India listed on its portal would also be available on MansionGlobal.com, a standalone, global luxury real estate web site launched by Dow Jones & Co, a unit of News Corp in May 2015.
MansionGlobal.com brings together high-end property listings from brokerages and developers around the world with comprehensive news and data available in English, Chinese and Spanish. By seamlessly integrating property search and related news, MansionGlobal.com is designed to empower international buyers and now, Indian home-buyers, to make intelligent purchase decisions and to engage the luxury real estate enthusiast.
Much like PropTiger.com, which provides analysis, information and insight to potential real estate buyers, Mansion Global integrates property search with luxury realty related news from News Corp publications and web sites around the world, thereby empowering buyers to make well informed purchase decisions. PropTiger.com’s combination with Makaan.com paved the way for global luxury real estate buyers to invest in Indian properties on the back of rich information available from them at MansionGlobal.com.
Dhruv Agarwala, CEO, PropTiger.com and Makaan.com, said: “Luxury homes across India have witnessed an appreciation in prices over the last few quarters, despite the overall residential market remaining very soft. By listing our high end properties on Mansion Global, PropTiger.com and Makaan.com are now targeting a wider audience of potential NRI buyers through the unique offerings and user experience that MansionGlobal.com offers.”
“Luxury global real estate is booming fuelled by strong growth in the number of high net worth individuals. Meanwhile, a vast majority of Indian ultra-high net worth individuals are seeking to invest in premium residential property both in India as well as abroad and now have a single destination for starting their search and completing a transaction,” Agarwala added.
“Indian home-buyers both in India and abroad have emerged as a global force in recent years” noted Raju Narisetti, Senior Vice President, Strategy, News Corp. “By offering PropTiger and Makaan listings through MansionGlobal, premium home buyers have a great destination to make smart decisions. It is also a great example of the synergies and benefits that News Corp’s global real-estate portfolio can bring to Indian home-buyers through our investment in PropTiger and Makaan.”
“Mansion Global has already shown tremendous traction among a global, elite audience, and we are thrilled to work with Prop Tiger to enhance our offerings in a very important market,” said Luke Bahrenburg, Head of Sales for Mansion Global. “We will soon be launching several new enhancements to the site to build on the momentum.”
News Corp is the largest single shareholder in Elara Technologies, whose other investors include SAIF and Accel. News Corp’s other digital real estate investments include a 62% stake in REA Group, which is the operator of Australia’s leading property website, realestate.com.au. It also owns Move Inc., which operates realtor.com®, the most up-to-date and accurate for-sale listings of any digital real estate company in the US.
PropTiger.com leverages the power of technology and data to make the home buying experience rewarding and easy-to-use. It guides customers through the entire process of buying a home, including search, property identification, price negotiation, documentation, home loan facilitation and post sales services. PropTiger.com has also pioneered multiple technology and data driven innovations in the Indian market such as Property Portfolio, Livability and Safety Scores, Resale Price Estimates and detailed Micro-Market Trends and Analyses. PropTiger.com also offers consulting and data services for institutions, such as real estate developers, private equity investors and banks, in order to help them make better decisions using the enormous real estate data and customer insights Proptiger.com collects daily.
News Corp (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content to consumers throughout the world. The company comprises businesses across a range of media, including: news and information services, book publishing, cable network programming in Australia, digital real estate services, digital education, and pay-TV distribution in Australia. Headquartered in New York, the activities of News Corp are conducted primarily in the United States, Australia, and the United Kingdom. In India, News Corp also owns Mosaic Media, the parent of VCCircle Network; BigDecisions.com in addition to the Indian arms of Harper-Collins and Dow Jones.