PropTiger fixes Rs. 2,100cr sales on radar

Buoyed by the emerging scenario in the country's real estate sector, News Corp-backed realty portal PropTiger.com has targeted to sell about 3,500 housing units worth Rs 2,100-cr during the fiscal, up 17% from the last year. The company had sold about 3,000 units worth Rs 1,800-cr in the fiscal 2015, CEO and founder Dhruv Agarwala said, adding that Rupert Murdoch-backed portal is open to more acquisitions if some interesting opportunities come. Despite slowdown in real estate market, it has seen about 20% growth aided by new line of business in the resale market in Mumbai, Pune, Bengaluru and Kolkata. In April, PropTiger had acquired rival Makaan.com as it aimed to ramp up presence in secondary property market and that the player is witnessing unique offering on its platform as no other online player is carrying out transaction in the secondary market, he claimed.