India will soon get its largest digital real estate services company. This comes with Dhruv Agarwala-led PropTiger.com merging with Housing.com. As part of the transaction, REA Group will invest $50 million in the joint entity with an affiliate of SoftBank Group Corp, investing $5 million.
PM Narendra Modi announcement yesterday regarding scrapping of Rs 500 and Rs 1,000 notes has received all kinds of reactions from the real estate industry. While experts believe that the real estate sector is going to be most affected by the government’s decision, considering that it is one of the biggest receivers of black money, CW reports some industry reactions on the same.