IndiaHomes raises Rs 150cr from venture capital companies
Apr 19, 2014
Source : The Economic Times

 

DELHI: IndiaHomes, a property broking portal, raised Rs 150 crore from US-based venture capital firm New Enterprise Associates (NEA) and two existing investors.

Present in Delhi, Gurgaon, Noida, Mumbai, Bangalore and Kolkata, IndiaHomes plans to expand its presence in other major cities. Formed in 2009, this is the second round of private equity fund raising by the company. It had earlier raised Rs 120 crore from Helion Venture Capital and Foundation Capital.

"We have decided to expand our operations to 50 major towns in India. We have raised Rs 150 crore private equity led by NEA. Our existing partners Helion Venture and Foundation Capital have also invested," IndiaHomes founder and managing director Samarjit Singh said. NEA India senior managing director Bala Deshpande would join the company's board.

Singh said the company would use the proceeds on expansion to 50 cities, technology improvement and brand promotion.

Sr managing director of Helion Advisors Sanjeev Aggarwal said this is the third investment in IndiaHomes as it was satisfied with the company's growth. Aggarwal said the interest of US investors in India has increased in the last couple of months.

 

 

 

 

 

 

 

Latest Realty News

Dwarka Expressway to trigger the surrounding area’s realty
Apr 19, 2014
DELHI: Dwarka Expressway, also known as the Northern Peripheral Expressway, is an 18km-long and 150-metre-wide vital link being developed between Delhi and Gurgaon. The expressway will begin from Sector 22, Dwarka at the Delhi end and meet NH-8 at Kherki Daula (near Haldiram). Around three-four years ago, the sectors lying alongside this expressway caught the eye of real estate buyers due to their proximity to Delhi and the IGI airport. Currently, however, the market here is awaiting signals for
Supertech home buyers may seek review of High Court order
Apr 19, 2014
DELHI: Home buyers in Supertech's two 40-storey apartment towers in Noida are considering filing a review petition in the Allahabad High Court against its order to demolish the towers for violating building regulations.
‘Real estate needs regulatory body’
Apr 18, 2014
DELHI: Real estate sector needs a regulator to protect the interests of buyers, builders, and investors, said Kaushal Jain, MD, Arihant Group, a Delhi-based company.
India must adopt single window clearance for housing: C&W
Apr 18, 2014
DELHI: Global property consultant Cushman & Wakefield today recommended a single-window clearance for housing projects to tackle rapid urbanisation.
Supertech home buyers may seek review of High Court order
Apr 18, 2014
DELHI: Home buyers in Supertech's two 40-storey apartment towers in Noida are considering filing a review petition in the Allahabad High Court against its order to demolish the towers for violating building regulations.
Building design must undergo paradigm shift: Raj Rewal, Architect
Apr 18, 2014
DELHI: Raj Rewal, one of India's leading architects whose urban design narratives has set precedents globally, says the country's building design is in dire need of a paradigm shift to meet the rising standards of living.
Will refund even if we go to Supreme Court: Supertech
Apr 18, 2014
NOIDA: Supertech chief R K Arora has tried to pacify frantic buyers who have booked flats in the Emerald Court towers, saying the company was ready to give refunds even if it moved the Supreme Court against the Allahabad high court’s order to demolish the two 40-storey buildings.
Affected Supertech flat owners to move SC
Apr 18, 2014
NOIDA: Buyers of apartments in Supertech’s two 40-storeyed towers here will move the Supreme Court against Allahabad High Court order to demolish the buildings as they want flats not refund.
No major impact on sales after HC decision: Supertech
Apr 18, 2014
NOIDA: Realty firm Supertech has said it is ready to refund money to over 600 apartment buyers affected by the Allahabad High Court order to demolish the company’s two 40-storeyed towers in Noida.
Noida seals Supertech towers, builder mum on refunds
Apr 17, 2014
NOIDA: Homebuyers in Supertech's Emerald Court towers suffered a double jolt on Tuesday as the company unceremoniously called off a press conference and virtually stonewalled buyers' demands for a refund even as the Noida Authority sealed the project site, bringing construction to a halt.

Latest Realty News Of State

Realty Talk's