Housing.com, a paramount online portal that facilitates people search out and solve their queries concerning property has bought a Homebuy360, first cloud application in India that hook up buyers, agents and builders across one platform for around $2 million.
In past the Housing.com had purchased an Indian real estate talk forum, which was rendering an impartial information to customers for $1.2 million and then risk appraisal firm Realty BI for about $2 million. And this would be third bought of the Housing.com. Also at present Housing has about 1 million confirmed listings in sell and rent category.
However, the purchase of Homebuy360 will target about more than 20k existing developers in the realty network, thus reinforce the Housing.com’s business.
The cloud application will help bring more consumers and get sales. The online application help buyers get login. In addition with the advanced CRM buyers may examine growth, view papers, and also verify collection and status.
Real estate sector in India is absolutely unorganized, although seeing a marvelous growth. At present merely 10% of developers now using CRM for back-end and consumers connect operations, and so as to organize the real estate sector we need to bring in latest technologies to real estate sector. Also, in realty sector Housing.com is well-known name as it provides modern products and advanced solutions.
With the merger of other major leading realty portals Housing.com aims to make a community for real estate professionals across India and brings down the property rates, thus gain customers. said, Rishabh Gupta, interim CEO, Housing.com.
Hence with an acquisition, Housing would be only real estate portal to possess a developer CRM company, and comprehensive real estate service provider.
