Online real estate advisor PropTiger today said it has acqui-hired Mumbai-based startup PropRates, a move that will help the News Corp-backed realty portal to add advanced data collation tool to its offering. With this acquisition, PropTiger aims to provide consumers real-time access to actionable price related information on the property market, PropTiger said in a statement. "PropTiger.com has acqui-hired PropRates, which is a pioneer in data collation tools and first in the industry who gathers actual real estate transaction data," it said in a statement. PropRates' Mumbai-centric data resource will soon be available to customers on PropTiger and Makaan (bought by PropTiger last year), he added. PropRates was started by Abhishek Malhotra and Rohan Dey in 2015, with the aim to create transparency in the real estate market.

Source: Economic Times September 05, 2016 18:41 UTC