Square Yards acquires real estate data analytics startup PropsAMC
Property and home loan brokerage firm Square Yards announced that it has acquired PropsAMC, a data intelligence, asset management, and real estate services firm for an undisclosed amount. The entire team of PropsAMC, including its co-founders, have joined Square Yards but will operate with the same brand name, the company said in a statement.
PropsAMC manages $1.5 bn worth of property assets on its SaaS-based platform for more than 100 clients, in addition to providing legal, technical, and valuation services. "With PropsAMC, we are adding very unique and differentiated data intelligence and asset management capabilities to our integrated real estate ecosystem," said Tanuj Shori, Founder and CEO, Square Yards.
PropsAMC's data platform has over one million data points on more than 15 denominators to analyse transaction data (sale/lease), mortgage, government value, land ownership, land information, zoning, reservation, road-width, building permissions, and RERA details on a GIS-enabled interface to support pre- and post-transaction diligence.