Magicbricks.com acquires property analysis startup Properji.com

Posted on:19 Mar 2016 09:43:09

Magicbricks.com acquires property analysis startup Properji.com
19 March 2016 Current Affairs GK: Realty portal Magicbricks.com has acquired property analysis platform Properji.com for an undisclosed amount and plans to come up with reports for more than 10,000 projects in six metros that would help prospective buyers in taking right decision.Properji.com, which started its operation in 2013, has presence in Bengaluru. The startup provides detailed research to buyers and has prepared reports for about 100 projects.Magicbricks.com has acquired Invact Technologies, which runs Properji.com.acquired Properji.com which does independent analysis of projects. This will help the consumer to make an informed property buying decision," Magicbricks.com CEO Sudhir Pai told PTI.This is the first acquisition by the Magicbricks.com, he said, but it did not disclose the acquisition value.Given our reach and scale, we would be taking this platform to six metros including Bengaluru. We would like to prepare report for 10,000-15,000 projects, both completed and under-construction, having great demand.

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