HDFC ties up with Quikr
Housing Development Finance Corporation (HDFC)  has announced that it has entered into definitive agreements to transfer its entire shareholding in HDFC Realty, a real estate brokerage platform, and HDFC Developers (which runs the HDFC RED platform) to Quikr, one of…

Housing Development Finance Corporation (HDFC)  has announced that it has entered into definitive agreements to transfer its entire shareholding in HDFC Realty, a real estate brokerage platform, and HDFC Developers (which runs the HDFC RED platform) to Quikr, one of India’s leading online classifieds platforms.

The value of the entire shareholding transferred by HDFC in the two entities to Quikr is Rs. 3.57 bn. In lieu of this, HDFC has acquired about 3.4 per cent equity stake in Quikr India Pvt Ltd (Quikr India).

HDFC, in a statement, said, “Post integration of HDFC Realty and RED, Quikr will become India’s leading online-to-offline real estate platform, and offer consumers end-to-end home buying services.

“The transaction also takes HDFC a step further in engaging with customers at the start of their real estate purchase cycle, when they are browsing for properties on Quikr’s digital platforms.”

HDFC Realty is HDFC’s offline brokerage business with presence across residential and commercial properties as well as consulting and valuation services. It has a 300-member in-house sales team and 7,000-strong nationwide broker network.

HDFC RED is an online real estate classifieds platform with 7,000 project listings on its platform. It generates traffic of over 80,000 unique visitors per month.

 

 

Related Articles

Related

Get Rid of parimatch roulette Once and For All

Parimatch Coupons And Offers There you can enter your email address and find out your account number. You can become a part of thier VIP program through invitation only. This allows you to combine multiple markets and create a single bet with unique odds. The app will...

read more

Top 9 porad z casino

Online Kasyno Bonusy bez Depozytu Kаsуnа z krupіеrеm nа żуwo ofеrują prаwdzіwą grę w Blаckjаck, rulеtkę, mаczugę і Bаccаrаt nа prаwdzіwе pіеnіądzе. Darmowe spiny to najpopularniejsza oferta jaką możesz znaleźć w kasynach online. Grafika starszych i nowszych gier...

read more

What to anticipate in Data Room Software program

Virtual data room applications are an online program which allows companies to securely shop and share confidential documents. Their functionality is particularly helpful in mergers and acquisitions, IPOs, disposals, and other transactions that want a research...

read more

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Share This