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DMG information Asia Pacific, a subsidiary of DMGT, has invested more than $5 Mn in Mumbai-based Liases Foras, a residential real estate market with an aim to increase its business stake in future.
These funds will be used in hiring key management team members, increase its presence in major metros and launch two new verticals- Monitoring Services and Automated Valuation.
Founded by Pankaj Kapoor in 1999, Liases Foras is a non-brokerage real estate research outfit and has remained a focused researcher in the real estate sector. It monetises data through online subscription-based services (“RESSEX”) and through custom research and advisory services which include valuation, risk assessment, future forecasting and price behaviour.
On this development, Pankaj Kapoor, CEO of Liases Foras said, 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.”
The company has built up a 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 clients include HDFC Ltd, Axis Bank, real estate developers, government bodies and leading international research organisations.
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