Snapdeal.com-India’s largest online marketplace and Tata Value Homes Ltd - auxiliary branch of Tata Housing Development Co. Ltd. are associated as a strategic partner to sell the latter’s apartments on its ecommerce platform, which marks as the first time ever tie-up of an e-commerce company with a real estate venture. And Snapdeal is all set to have an effect upon online real estate portals like 99Acres, CommonFloor, and MagicBricks.
Kunal Bahl-CoFounder and Chief Executive of Snapdeal mentioned in a statement, “We perceived an opportunity to provide our clienteles great housing options at affordable prices from a renowned company like Tata Value Homes.
Kunal Bahl-CoFounder and Chief Executive of Snapdeal mentioned in a statement, “We perceived an opportunity to provide our clienteles great housing options at affordable prices from a renowned company like Tata Value Homes.
Real Estate market in the country is anticipated to reach up to $180 billion i.e. over Rs 11 lakh crore by 2020. In the residential property segment alone, an additional demand of 2.8 million units in the forthcoming five years span is to be experienced in the top eight Indian cities, as per property consultant Cushman & Wakefield.
CommonFloor, a Bangalore based company raised 64 crores from marquee venture capital investors Tiger Global and Accel Partners in January this year whereas Housing.com raised $18 million in April in a round led by Helion Venture Advisors. Both Snapdeal's Bahl and Tata Value Homes refused to reveal the financial terms & conditions of the partnership.
However, both the parties are looking to move out over 1000 units on the Snapdeal platform and the potential buyers can proceed with an online booking with a minimal booking fee of Rs.30000 and the bookings are opening on August 28. Tata Value Homes has committed to pay Rs.10000 per month as an added incentive to Snapdeal customers for a year’s span on booking any of their property listed on the website.
“Being India’s largest marketplace and with a strong customer base Snapdeal will give us reach and we have a solidifying belief that India is ready to buy homes online”, said Pawan Sarda-Marketing Head at Tata Value Homes.
The real estate company will continue to keep selling the apartments on its website and the apartment listing are in 7 properties across 5 cities including Mumbai, Bangalore, Chennai, Pune and Ahmedabad.
Content Source- http://tinyurl.com/on22pdh
CommonFloor, a Bangalore based company raised 64 crores from marquee venture capital investors Tiger Global and Accel Partners in January this year whereas Housing.com raised $18 million in April in a round led by Helion Venture Advisors. Both Snapdeal's Bahl and Tata Value Homes refused to reveal the financial terms & conditions of the partnership.
However, both the parties are looking to move out over 1000 units on the Snapdeal platform and the potential buyers can proceed with an online booking with a minimal booking fee of Rs.30000 and the bookings are opening on August 28. Tata Value Homes has committed to pay Rs.10000 per month as an added incentive to Snapdeal customers for a year’s span on booking any of their property listed on the website.
“Being India’s largest marketplace and with a strong customer base Snapdeal will give us reach and we have a solidifying belief that India is ready to buy homes online”, said Pawan Sarda-Marketing Head at Tata Value Homes.
The real estate company will continue to keep selling the apartments on its website and the apartment listing are in 7 properties across 5 cities including Mumbai, Bangalore, Chennai, Pune and Ahmedabad.
Content Source- http://tinyurl.com/on22pdh
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