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dmg Information Invests $5 Mn In Property Tracker Liases Foras

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The Singapore-based dmg information Asia Pacific, a subsidiary of DMGT, has invested more than $5 million (approximately Rs 32 crore) in the Mumbai-based residential real estate monitoring and data agency, Liases Foras. dmg Information  aims to increase its business stake in the company over the next few years.

Established in 1999, Liases Foras is a non-brokerage, residential real estate data and analytics company. Promoted by Pankaj Kapoor, Liases Foras has built up a proprietary database of residential housing developments: it collects inventory and pricing data of the largest 25 Indian cities, covering around 15,000 new residential projects and 8,000 developers on a quarterly basis.

Its list of clients includes leading mortgage companies such as HDFC Ltd, Axis Bank, real estate developers, government bodies and international research organisations. Liases Foras monetizes data through online subscription-based services and customized research and advisory services. These include valuation, risk assessment, future forecasting and price behaviour.

The funds raised 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.

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 $80 billion to $140 billion 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 LiasesForas.”

dmg information (dmgi) comprises a portfolio of B2B, high growth, must-have information media businesses in the property, education, energy, commodity and structured finance sectors. In May 2015, dmg information Asia Pacific made its first strategic investment in Funcent, a Chinese property information company, followed by investment of US$ 3 million in Propstack, a Mumbai based commercial real estate data and technology company; and now Liases Foras.

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