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A reputed RealEstate portal to buy sell rent lease properties, apartments, flats and villas is available for sale. This e-commerce business, headquartered in Hyderabad, has been in the market for 2 years and has regional offices in 6 major cities of India. The website lists properties from builders, brokers and direct owners. The business runs on a subscription based model, charging its clients from anywhere between Rs. 15,000 to Rs. 2 Lacs. Once on board, these clients receive premium services to generate leads for their properties. The portal served more than 500 clients till date. Maximum revenue is generated from Mumbai. The website was seeking investment or funding to expand. The efforts went futile and hence the promoters decided to sell it off. The business was intentionally slowed down since April 2014. The business had 60 and odd employees earlier and made around Rs. 8L per month till March. Various online and offline marketing expenses have been made to create awareness. The company has also done a property show in Mumbai (local builders association). This is the perfect opportunity for someone looking to enter e-commerce or real-estate space or a real-estate broker with strong offline presence, willing to also capture the online market. Asking Price - Rs. 3 Cr. (negotiable)
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Funds required to operate and expand the business.
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