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Elara Technologies and REA Group integrate Indian and international online real estate to uncover the world’s property market

·         Industry-first collaboration gives access to more than 4.5 million listings from 72 countries

New Delhi: Elara Technologies Pte Ltd., owner of Housing.com, PropTiger.com, and Makaan.com, has joined REA Group’s Global Property Network, delivering the world’s largest source of global property listings.

 As an industry first in India, this collaboration will bring together Elara Technologies’ group companies from India and REA Group owned and partner sites across China, USA, Australia, Indonesia, Malaysia, Singapore, Thailand, Hong Kong and Macau, including leading portals such as realtor.com, realestate.com.au and iproperty.com.my.

 From today, consumers who are looking for inspiration, investment destinations, moving for work or education, wanting to start a portfolio or simply thinking about buying a property, can explore the world of property like never before. They will now have access to more than 4.5 million listings from 72 countries[1]. The listings on the global property network will be exposed to more than 450,000 visits and 4.6 million page views globally each month[2].

 Listings on this global property network will connect sellers with buyers across borders, and property seekers will be able to view global listings translated in their respective local currency and languages. Indian home buyers looking for property abroad will now have access to a global database of properties via trusted market-leading local brands. Similarly, Indian developers will now have a platform to get their listings in front a global audience.

Commenting on the development, Dhruv Agarwala, CEO, Housing.com, PropTiger.com, and Makaan.com, said, “In the last few years, there has been a growing appetite for overseas property investment into the Asian market including India. At the same time, Indians now aspire to own property in international locations for work or leisure. We are confident that this collaboration will open a world of possibilities and benefit end consumers and business partners alike.”

Henry Ruiz, CEO – Asia, REA Group said, “People love looking at property so we wanted to provide them with an opportunity to explore listings outside of their home country, but from a platform they already know and trust. Having a network of property portals come together on the one platform allows property seekers to access a large source of listings from around the world, whether that’s an apartment in New York, a beach house in Australia, or now an apartment in Delhi.”

 

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Vatika Group becomes Field Global Partner for Harvard Business School (HBS)

Gurugram: Real estate firm Vatika Group recently had the opportunity to host a team of students from Harvard Business School in Gurugram for one week as part of a required first-year course at Harvard Business School called the FIELD Global Immersion. The course is designed to provide an immersive and hands-experience to students by undergoing real fieldwork on an innovative project. In Gurugram, the students were tasked with exploring ways to improve waste management process in Vatika Group’s developments. Vatika Group was one of 157 FIELD Global Partners spanning 14 countries around the world. Together these Global Partners combined to host more than 930 Harvard Business School students in all.

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Work on Dwarka Expressway Gains Pace

Gurugram: The construction of Dwarka Expressway or Northern Peripheral Road has been put on fast track following a favourable court order and a recent land acquisition notification.

The work on the 27-km-long expressway is lagging seven years behind schedule. However, it gained pace after the Punjab and Haryana High Court disposed of slew of writ petitions challenging acquisition of land for the project in March. Subsequently, in May, the Ministry of Road Transport and Highways issued a notification for land acquisition in Delhi under Section 3(A) of the National Highways Act, 1956.

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Omaxe Limited PAT for FY17 up 32%, Crosses Rs 100 crore; Announces dividend of 7%

New Delhi: Omaxe Limited, one of India’s leading real estate companies, is moving from strength to strength. Despite uncertain economic environment, particularly for real estate sector, which is passing through a transformation phase, the company has registered one of the best performances in the recent years. On an annual basis, Consolidated PAT for FY 17 stood at INR 101.90 crores, a 32% jump as compared to the PAT of INR 77.09 crores for FY 16. The performance is especially noteworthy as the real estate is currently passing through a challenging period and industry is struggling with lower sales and inventory overhang.