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Real estate portal Housing.com said it has acquired Realty Business Intelligence, an organisation focused on risk assessment, for realty projects for ₹10 crore in an all cash deal.
With this acquisition, Housing.com customers will now be empowered with credible real estate market intelligence and risk assessment to aid informed decision making for investments in new projects.
Founded by ex-bankers, Realty BI provides a wide array of solutions encompassing due diligence, back-end research, project monitoring and business intelligence catering to lenders, investors and buyers.
The company has been working with banks, HFCs & NBFCs across the country to provide a unified collateral risk assessment platform assuring a minimum 50 per cent reduction in overall costs and back-end work related to due diligence.
Rahul Yadav, CEO, Housing.com stated, “Through our acquisition of Realty BI, Housing.com strengthens its technology platform and consumer promise to deliver a powerful collateral risk management platform addressing the entire due diligence lifecycle to validate new projects.”
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