News Corp.-backed PropTiger, which also owns real estate portal Makaan.com, has been acquiring start-ups to gain strength in areas such as data research and 3D reality. New Delhi: Online real estate advisor PropTiger.com said on Monday that it has acquired Mumbai-based start-up PropRates, which gathers real estate transaction data. PropTiger has been offering new products such as 3D realty and real estate data insights to widen its revenue stream from the current dependence on commissions from real estate transactions. The advanced data collation tool developed by PropRates will enable users make more informed choices based on actual transaction prices while buying or renting property,” said Dhruv Agarwala, chief executive officer of PropTiger.com and makaan.com. PropTiger plans to tap its wide user base to offer its real estate data insights.

Source: Mint September 05, 2016 10:30 UTC