Snapdeal partners with Tata Value Homes to sell affordable housing on its platform

Snapdeal has partnered Tata Value Homes in order to sell the latter’s affordable apartments on its e-commerce platform. This is the first an e-commerce company has tied up with a real estate venture. The deal has now put Snapdeal on a competition with other property-focused online websites like CommonFloor, 99Acres and MagicBricks.
The real estate market in the country is estimated to reach $180 billion (over Rs 11 lakh crore) by 2020. The apartment listings are in 7 properties throughout 5 cities: Ahmedabad, Bangalore, Chennai, Mumbai and Pune.

Month: Current Affairs - August, 2014