Real estate intelligence platform PropEquity has said it will shortly be launching a B2C vertical to cater exclusively to consumers who want to invest in the real estate sector.
It claims that for just Rs 10,000, a buyer can get details of a real estate project — including information the developer won’t share with the buyers.
“Our new vertical will provide complete project data, history of the developer, clarity on land titles, besides rating developers based on their performances including delivery parameters. Consumers can get the report by paying anywhere between Rs 3,000-Rs 10,000,” Samir Jasuja, CEO, PropEquity said. The new vertical will cover all asset classes, including retail, commercial and residential.
The company, which started with 3,000 real estate projects in more than 10 cities in 2007, has grown to more than 39,000 projects of 7500 developers in 40 cities. It currently functions in verticals including customised research, collateral risk management, and realty indices. Funded by a US hedge fund, PropEquity was started by Mr Jasuja, to capture data in the real estate space. The company has three different revenue streams, including a subscription model for developers and PEs, a consulting model, and for assisting banks with data for HNIs.
