Housing.com acquires Realty Business Intelligence

Property portal Housing.com on Thursday said it has acquired risk assessment service provider Realty Business Intelligence for Rs 10 crore, a move that will enable its customers to make informed decisions before investing in any <g data-gr-id="25">realty</g> project.

“Housing.com has acquired Realty Business Intelligence, an organisation focused on risk assessment for realty projects, for Rs 10 crore in cash towards purchase of 100 per cent equity of the latter,” the company said in a statement.

With this acquisition, Housing.com customers will now be empowered with credible real estate market intelligence and risk assessment to aid informed decision making for investments in new projects, Housing.com’s Chief Executive Rahul Yadav said.

“This is in line with our vision to bring transparency into real estate that is fraught with risks when it comes to retail investments in new projects. “Backed by this acquisition, we will further augment our due diligence efforts to ensure verified listings, <g data-gr-id="22">risk free</g> transactions and secure investments while giving Realty BI access to a vast database of realty developers and end consumers,” Yadav said.

Earlier this year, Housing.com had acquired Indian Real Estate Forum (IREF) to provide trustworthy information and end-to-end services to all stakeholders.

“With these acquisitions, we consolidate our leadership position as a comprehensive online realty player and a game changer striving to bring positive change in the real estate industry through its <g data-gr-id="20">consumer centric</g> products and solutions,” Yadav added.