News Corp-backed PropTiger.com said that high-end luxury homes in India listed on its portal would also be available on MansionGlobal.com, a standalone, global luxury real estate.
MansionGlobal.com is a website launched by Dow Jones & Co, a unit of News Corp, in May 2015.
It brings together high-end property listings from brokerages and developers around the world with comprehensive news and data available in English, Chinese and Spanish.
Much like PropTiger.com, which provides analysis, information and insight to potential real estate buyers, MansionGlobal integrates property search with luxury realty-related news from News Corp publications and web sites around the world.
Price appreciation Dhruv Agarwala, CEO of PropTiger.com and Makaan.com, said, “Luxury homes across India have witnessed an appreciation in prices over the last few quarters, despite the overall residential market remaining very soft. By listing our high-end properties on MansionGlobal, PropTiger.com and Makaan.com are now targeting a wider audience of potential NRI buyers through unique offerings and user experience that MansionGlobal.com offers.”
He added, “Luxury global real estate is booming, fuelled by strong growth in the number of high net worth individuals. Meanwhile, a vast majority of Indian ultra-high net worth individuals are seeking to invest in premium residential property, both in India as well as abroad, and now have a single destination for starting their search and completing a transaction.”
Raju Narisetti, Senior Vice-President (Strategy), News Corp, noted, “Indian home-buyers both in India and abroad have emerged as a global force. By offering PropTiger and Makaan listings through MansionGlobal, premium buyers have a great destination to make decisions.
“It is also a great example of the synergies and benefits that News Corp’s global real-estate portfolio can bring to Indian buyers, through our investment in PropTiger and Makaan.”