Bengaluru: Real estate advisory firm Square Yards has acquired property search portal Realizing.in in a cash and equity swap deal, the firms said on Tuesday.
The team of Realizing will join Square Yards. Square Yards, present in 20 cities across five countries, said it has facilitated transactions worth $350 million so far.
“The joining of the Realizing team adds the much-needed technology bandwidth to achieve larger scale," Square Yards’ chief executive officer Tanuj Shori said in a statement. “In a bid to build global project portfolio capabilities, we would continue to look for interesting opportunities in regions like Asia Pacific and Middle East to further augment our global product offerings."
Realizing offers data-driven insights and tools to help users make property decisions.
“Square Yards and Realizing can provide much-needed structure and bring greater information transparency to transform the real estate market in a way that it works for most important stakeholder—the consumer," said Realizing co-founder Hitesh Singla.
Square Yards, an 18-month-old firm, raised $5 million in May in early stage funding from Singapore and Hong Kong-based investors.
In April, News Corp.-backed PropTiger.com acquired online property listings firm Makaan.com to create a common platform.