Makaan On Sale: MagicBricks, Quikr In Talks For Acquisition – The Economic Times – 12-Nov-2014

November 12, 2014 - Uncategorized

People Group, which owns and operates real estate portal Makaan.com, has entered into talks with potential buyers, to sell the venture, at a time when the country’s online property space is being seen as the next battleground for global risk capital and strategic investors. MagicBricks. com and online web and mobile classifieds company Quikr are among those believed to have held early-stage discussions with the promoters of Makaan.com, according to two sources with direct knowledge of the devel ..

The Economic Times

Comments

  1. admin says:

    It seems unlikely that a digital-only play can gain traction in India, but people are still pouring in money into this field. The real estate is so opaque, and so big ticket, that knowledgeable brokers will always have a place of pride in it. By the early success of tapping into low-hanging fruits via these digital real estate marketplaces, the venture capitalists are unrealistically extrapolating the possible success rate …

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