Housing.com acquired Bengaluru-based HomeBuy360
This deal will help Housing.com to strive for efficiency in the Indian real estate sector. This will help in reduction of property prices eventually benefitting the consumers.
Mumbai based Real estate listing portal Housing.com on 16 August 2015 acquired Bengaluru-based customer relationship management software company HomeBuy360 in all cash deal of 2 million US dollars.
This deal will help Housing.com to strive for efficiency in the Indian real estate sector. This will help in reduction of property prices eventually benefitting the consumers. With this acquisition, Housing.com is now the only online real estate listing platform to own a developer CRM company.
• HomeBuy360 is a cloud-based sales lifecycle management platform company which facilitated connecting developers, agents and buyers.
• It also was placed in streamlining the entire real estate sales lifecycle, by managing customer relations, tracking inventory and in effect drives efficiencies in their sale operations.
• Housing.com is real estate search portal established in 2012 by 12 students from the Indian Institute of Technology (IIT), Bombay.
• The portal allows customers to search real estate listings based on geography, number of rooms, and various other filter. Presently, the company has around 6000 brokers and serves in 40 cities across India.
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