According to Medianama, the Indian based Quikr is in the process launched a property portal called quikrhomes (quikrhomes.com). According to Quikr, this is a part of its strategy to have separate verticals for various segments including cars, jobs, electronics and education.
The company first announced in April that it would launch such a property focused portal as the value of real estate related transactions was worth 50% of all the transactions on its platform. Every month there are approximately 2 lakh real estate related transactions and that the site had at the time 20 lakh active real estate listings.
Currently the portal lets users search for residential, commercial or agricultural properties to either buy or rent, in various cities like Pune, Delhi, Chennai, Bangalore, Mumbai and Hyderabad. Users can search by locality, project or builder, and then further sort the results based on price range, property type, number of rooms, area, amenities, furnishing, ad posted date and availability of pictures of the property.
Quikr is entering a highly competitive sector. Last year, the online real estate segment had attracted significant funding. Quikr, which itself raised $150 million in April, $60 million in September 2014 and $90 million in March 2014, will be up against the likes of Housing.com, 99Acres, MagicBricks.com and CommonFloor among others.