We are looking to raise INR 80-100 crore via IPO: Samir Jasuja,...

We are looking to raise INR 80-100 crore via IPO: Samir Jasuja, PropEquity

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PropEquity, an online subscription based real estate data and analytics platform, is India’s largest data and analytics company in Real Estate domain covering over 91,934 projects of 25,438 developers across over 42 cities in India.

Replying to Yash Ved of Newsbarons, where Samir Jasuja, Founder and CEO, PropEquity informed “The real estate market in 2018 is expected to show price levels on a similar scale when compared with those of 2017”.

NB: What is your real estate outlook for 2018?

Samir: 2017 has been a good year in terms of setting up a base for the real estate market. In this year, we saw the introduction of RERA and GST, which will improve the taxation system on different levels by leaps and bounds. This present era of reforms and added structure will improve the market picture in the next 3-5 years. This also means that right now is a good time to purchase real estate.

The real estate market in 2018 is expected to show price levels on a similar scale when compared with those of 2017. All in all, the year will be a good time to buy.

For ready and resale prices, there could be a price recovery. We are likely to see a higher number of completed units in 2018. The prices of these newly completed projects are expected to remain competitive and buyer friendly. Overall, there will be hardly an increase in price levels.

NB: You are planning to raise funds via IPO?

Samir: All our plans are directed towards the public offering in the next 2-3 years. Indian real estate including residential, commercial and retail is now getting more mature, transparent and is poised to grow in a sustainable way.

We are looking to raise between INR 80-100 crores by IPO and can be valued at PE multiples of 45-50 times.

NB: What are your growth plans for 2018?

Samir: We will be launching the most comprehensive Commercial and Retail data and analytics platform covering over 70000 lease transactions in top 8 cities. We are targeting around INR 20 crore in revenue from this vertical in the coming 2 years.

NB: What is your revenue target from other verticals?

Samir: The company also has started building up its Collateral Risk Assessment vertical which caters to Top Banks like SBI, ICICI, HDFC and Axis bank. It plans to hire over 100 employees in this vertical in the next 2 quarters and is looking to enhance its revenue to INR 30 crores from this vertical.

NB: What technological inclusions are you looking for improved services?

Samir: The new and existing verticals will soon be incorporating Artificial Intelligence and Machine Learning tools including Facial Intelligence in Retail and Commercial Buildings for the first time in India.

With RERA coming in, it will be beneficial for real estate information. We also expect more consolidation happening in real estate sector.