Online real estate marketplace Bproperty.com yesterday announced its acquisition of another property portal of the country, Lamudi.com.
The announcement came from a press conference by Bproperty officials at Dhaka’s Pan Pacific Sonargaon Hotel, where Bproperty’s CEO Mark Nosworthy said that the acquisition represents a milestone in the real estate market in Bangladesh.
“Bproperty’s complete real estate solution gives consumers advice, expertise as well as market transparency they require in order to make the right decision when it comes to engaging with the real estate industry,” he said.
The deal, for an undisclosed amount, represents a consolidation of real estate services within the country through bproperty.com, with Bproperty’s innovative and market leading solution to real estate services being strengthened within Bangladesh.
In the deal, the current services of Lamudi.com.bd will be wound down with Lamudi’s consumers and real estate developers being serviced through bproperty.com.
Mark added that Bangladesh requires an independent real estate company whose sole objective is to ensure that a secure and complete real estate transaction is finalized.
“The absence of this in Bangladesh has slowed the growth of the industry and Bproperty is working hard to provide a complete service that can be trusted to deliver results, in an efficient manner and for the benefit of each individual consumer whether that is a seller or buyer, tenant or landlord. Bproperty’s service is required by all,” the Bproperty CEO remarked.
“Ensuring that this service is accessed by all, giving consumers the confidence within the industry is important to the growth and development of the industry and the country’s economy as a whole,” he added.
Bproperty has quickly grown to prominence in Bangladesh in the last few years and this acquisition is a further signal of its commitment to improving the real estate industry, ensuring that all consumers, irrespective of their real estate need has access to independent real estate advice, read a press statement.
Their services combine the provision of accurate real estate information with a face to face service delivery through its team of sales advisors located in its sales offices throughout Bangladesh, giving buyers & sellers, tenants and landlords access to independent advice, to answer those real estate questions, including all property and area advice as well as legal solutions to real estate, to remove the hassle of engaging and transacting with the industry.
With over 25,000 current properties being marketed for rent and sale, Bproperty has the ability to give consumers choice as well as make it easier for sellers and landlords to sell and rent their property.
Bproperty has recently launched a number of initiatives including virtual tours of properties to allow consumers to engage with property efficiently and easily, in a transparent manner, giving the tools required to make the right decision.
