India Property News

News Corp invests $30 million in Indian property website

by Mark Benson on November 26, 2014

News Corp invests $30 million in Indian property website

News Corp invests $30 million in Indian property website

It has today been revealed that News Corporation, Rupert Murdoch’s multi-faceted media operation, has acquired a $30 million stake in Indian property start-up company PropTiger. This is the latest in a number of online investments by large media companies with many experts suggesting real estate websites could be something of a goldmine in the future. When you put together the fact that the Indian economy is enormous, the population is huge and real estate is becoming more popular, perhaps we have the perfect scenario?

Why is there so much interest in online property portals?

The traditional real estate buy/sell business model is currently under huge pressure although it will never be totally replaced by its online counterpart. Many people will always want to speak directly to experts, be shown around potential property purchases and also have somebody ready to answer their questions. However, there are many investors in the worldwide real estate market who are more than happy to do their own paperwork, do their own research and manage their own investments from start to finish. But is this really enough to attract the multi-million dollar investments we are seeing today? [click to continue…]

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