Square Yards announces acquisition of PropsAMC
Square Yards announced the acquisition of PropsAMC, a leader in Data intelligence, Asset management and Real Estate Services. The entire team of PropsAMC including its co-founders, have joined Square Yards team and will continue to operate under the larger umbrella with the same brand name. PropsAMC was founded in 2016 by Anand Moorthy, ex Real Estate Head of RBS Private Banking, Karvy Private Wealth and ILF&S- Milestone Fund and Venkat Raghavan who previously worked with companies like Fidelity, GE Healthcare and Infosys in senior technology roles. It currently manages $1.5Bn worth of property assets on its SaaS based platform for more than 100 clients in addition to providing legal, technical and valuation services to them. Its’ data platform has 1Mn+ data points on 15+ unique denominators to analyze transaction data (sale/lease), mortgage, govt value, land ownership, land information, zoning, reservation, road-width, building permissions and RERA details – on a GIS-enabled interface to support pre & post transaction diligence. The platform has extensive mapped data metrics of MMR, Pune, Gurgaon, Chennai and will add Hyderabad, Kolkata, Delhi, Ahmedabad and Bangalore soon. The company is also piloting India’s first Digital Title Search and Property e-Valuation platforms with some of the leading banks in India.
Tags : ALLIED Acquisition Square Yards PropsAMC