Online classifieds portal Quickr to develop seperate website for realty
According to the Mumbai-based company, $2.5 billion (about Rs 15,500 crore) worth of real estate transactions take place through it every month
Apr 06, 2015
Source : The Economic Times

 

New Delhi: Buoyed by a twofold jump in property listings on its website over the past one year, online classifieds portal Quikr.com is planning to launch a separate website just for real estate. To be called quikrhomes.com, the new website will be launched in the next four to six weeks, Quikr CEO Pranay Chulet said.

According to the Mumbai-based company, $2.5 billion (about Rs 15,500 crore) worth of real estate transactions take place though it every month, accounting for half of the transactions for all products on the website put together. About two lakh real estate transactions get done every month through the website. The portal has about two million active real estate listings, up from about a million a year ago, said Chulet. These include listings for sale of residential units, plots and some rental accommodations.

The new website by Quikr will have listings not just for homes but also for plots and commercial spaces. To analyse the number of transactions and total value of transactions through the website, Quikr queries people who have listed properties on a regular basis and if a person decides to disable his or her listing after a sale, the website again sends a query to check whether the property sold has been transacted through Quikr or through other sources. The website has about 31% listings for apartment rentals, 27% for apartment sale, 22% for land sale and about 8% for commercial properties, as per its data.

Latest Realty News

No-circle-rate-hike-in-Gurgaon,-govt-hopes-for-realty-revival
Apr 06, 2015
GURGAON: The Haryana government has decided not to increase circle rates in Gurgaon for 2015-16
Realty-PE-firms-to-double-investments-this-fiscal
Apr 06, 2015
MUMBAI: Realty-focused PE firms are looking to double their investments this financial year
Due-to-inventory-pile-up-and-price-stagnation,-few-takers-for-new-homes-in-Mumbai-and-Delhi
Apr 06, 2015
MUMBAI: Real estate developers in Mumbai and Delhi are staring at a piling inventory
Credai-plans-to-buy-building-material-in-bulk-in-order-to-cut-costs
Apr 04, 2015
HYDERABAD: The Confederation of Real Estate Developers' Associations of India (Credai) is looking at bulk buying to procure most of the building materials directly from manufacturers
Aam-Aadmi-Party-chief-Arvind-Kejriwal-to-address-rally-against-Land-Bill
Apr 03, 2015
New Delhi: Delhi Chief Minister and Aam Aadmi Party (AAP) Arvind Kejriwal will address a rally against the Land Bill at Jantar Mantar
Land-Bill:-Will-Continue-to-Fight-Against-it,-Says-Jairam-Ramesh
Apr 03, 2015
HYDERABAD: Alleging that the NDA government is anti-farmer, Congress leader and former Union Minister Jairam Ramesh today said his party would fight against the proposed land bill
Land-ordinance-promulgated-again
Apr 03, 2015
New Delhi: The land acquisition ordinance, which the government could not get converted into law in the Rajya Sabha because of stiff opposition, was promulgated again
Real-estate,-gold-worst-performing-asset-classes-in-FY15
Apr 03, 2015
Mumbai: Assets like real estate and gold, long considered defensive bets, floundered in the financial year 2014-15
Developer-to-pay-Rs-25-lakh-for-not-handing-over-flat
Apr 03, 2015
MUMBAI: Over a decade after a Malad resident was cheated of a 620 sq ft flat booked in Marol, the state consumer commission has directed the builder to pay him a compensation of Rs 25.25 lakh
Noida-allows-extra-realty-space-on-Metro-corridors
Apr 03, 2015
NOIDA: Paving the way for extra realty space along the Metro corridors in Noida and Greater Noida, the Uttar Pradesh government has approved an increase in the floor area ratio (FAR) by 0.5

Latest Realty News Of State

Realty Talk's