Online real estate marketplace PropTiger has announced the acqui-hire of Mumbai-based property transaction data aggregator PropRates.
This deal will enable PropTiger to give customers access to real-time actionable property transaction prices, allowing them to make more informed purchase or rental decisions.
“The advanced data collation tool developed by PropRates will enable users to make more informed choices based on actual transaction prices while buying or renting property. PropRates’ exhaustive Mumbai-centric data resource will soon be available to our customers on PropTiger and Makaan,” said Dhruv Agarwala, CEO, PropTiger.com and makaan.com, in an official press statement.
Users in Mumbai will be the first to gain access to this new data tool. Nine other cities will be added in the next expansion phase.
PropRates was established in 2015 by co-founders Abhishek Malhotra and Rohan Dey. The team of PropRates will come on board at PropTiger and work together to fine-tune and augment their data gathering and analysis expertise.
Previously, PropTiger acquired AR/VR and 3D tech company 3D Phy to accelerate its 3D visualisation and other technology solutions.
PropTiger is funded by News Corp, SAIF Partners, Accel Partners and Horizen Ventures, and it claims to have sold over 15,000 homes.
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