Company News Summary
REA Group Announces Strategic Investment in India
Original announcement: REA Group announces strategic investment in India
REA Group announced its intention to acquire a 14.7% strategic stake in PropTiger, a digital real estate marketing platform in India. It is estimated that India's real estate market will be valued at US 180bn by 2020. PropTiger owns and operates proptiger.com, Makaan.com and also announced the acquisition of Housing.com.
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