dmg information Asia Pacific which is a subsidiary of DMGT, has announced another investment into the real estate data and analytics market, this time in residential real estate.
The company will invest $5 million in Liases Foras with an aim to increase its business stake over the next few years. The raised funds will be used to hire key management team members, increase its presence in major metros and launch two new verticals; Monitoring Services and Automated Valuation.
Liases Foras is a non-brokerage residential real estate data and analytics company based out of Mumbai. The company has its proprietary database of residential housing developments: it collects inventory and pricing data on the top 25 cities in India, covering around 15,000 new build projects from over 8,000 developers on a quarterly basis. Its list of clients includes HDFC Ltd, Axis Bank, real estate developers, government bodies and leading international research organisations.
Tej Kapoor, Country Head of dmg Information said, “We are delighted to invest in Liases Foras which is a leading player in residential property information market. Residential real estate is one of the largest asset classes in India which is likely to grow from $80B to $140B by 2020. However, residential real estate data still is very opaque. Liases Foras has expertise in the real estate market which will benefit the entire ecosystem and keep the market transparent. dmgi having assets such as Landmark Information Group in the UK will be able to add immense value to Liases Foras.”
Similarly, Pankaj Kapoor, CEO of Liases Foras said, “We are excited to partner with dmgi and its portfolio companies for this next chapter in Liases Foras’ growth. Through the synergy created by this partnership, we look forward to bringing new insights and information to our clients and establish our company as the market leader in the provision of residential property data and analytics in India.”