With this acquisition, PropTiger aims to provide consumers real-time access to actionable price related information on the property market, PropTiger said in a statement.
"PropTiger.com has acqui-hired PropRates, which is a pioneer in data collation tools and first in the industry who gathers actual real estate transaction data," it said in a statement. No financial details were disclosed. The latest acquisition comes close on the heels of the PropTiger's acquisition of Gurgaon-based 3DPhy in August.
"With this acquisition, PropTiger will be able to augment its existing DataLabs offerings. The advanced data collation tool developed by PropRates will enable users to make more informed choices based on actual transaction prices while buying or renting property," ProTiger.com CEO Dhruv Agarwala said.
PropRates' exhaustive Mumbai-centric data resource will soon be available to customers on PropTiger and Makaan (bought by PropTiger last year), he added.
After Mumbai, the next phase of expansion will see another nine cities being added. PropRates has been created by Abhishek Malhotra and Rohan Dey in 2015, with the objective of creating transparency in the real estate market.
Centre to soon begin Online system to check graft at CPSEs
An online system to give vigilance status of top executives in central public sector enterprises (CPSEs) may soon be started. The decision to start such a mechanism was taken during a meeting between senior officials of the Prime Minister’s Office and the Central Vigilance Commission.
It has been decided to introduce a technology-based mechanism so that the quarterly reports on vigilance status of board-level executives of CPSEs are readily accessible or available with ministries, according to an official communique. The aim behind this is to check graft and also the delays in appointment of senior officials.