Coming together of Makaan.com and PropTiger.com
Makaan.com, India's fastest growing property website is joining hands with PropTiger.com, one of the pioneers in end-to-end home buying solutions. The combination will create India's first and only full-stack property solution company. The tie-up will shape the future of the real estate ecosystem in India as the combination is set to accelerate customer-focused innovations dramatically.
"Together, PropTiger.com and Makaan.com will provide homebuyers 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 and chief executive, PropTiger.com. PropTiger.com currently provides a complete, hassle-free, home buying experience to homebuyers in India, starting with property search and site visits to home loan advice and assistance in the final registration of property. Since 2011, some 12,000 homes worth $ 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 with a presence in 20 major Indian cities.
"The businesses are extremely complementary. The idea is not to combine two same businesses and make them bigger. There is no reason for redundancies, but to play to each other’s strengths, where one and one come together to make an eleven." shared by Anupam Mittal, founder and CEO of People Group, speaking to HuffPost India.
Speaking on the occasion, Mr. Aditya Verma, CEO, Makaan.com shared - "India's home-buyers will now have the biggest database of real estate information and related online real estate services that will also offer end-to-end services in major cities nationwide."
Makaan.com currently lists over 200,000 property listings and has relationships with over 40,000 brokers across 50 major cities. The website has the best engagement metrics in the online real estate domain. More than 40% of Makaan.com's traffic comes from mobile, mainly driven by first-time Internet users in India.