bproperty.com acquires lamudi.com.bd in Bangladesh

- A Monitor Report 08 Jan, 2019 | 3764 Views|-+
Dhaka: The country’s only real estate marketplace, bproperty.com announces acquisition of lamudi.com.bd, another property portal in Bangladesh, in a press conference taking place on 8th January, 2019 at Pan Pacific Sonargaon Hotel, Dhaka.

The deal is a part of bproperty.com’s broader plan to standardise and consolidate real estate services provided to the consumers with the company’s innovative and market leading solution.

The purchase amount remains to be undisclosed in confidence of both parties. The current services of lamudi.com.bd will be wound down and the clients, both consumers and real estate developers, will be transferred to be served by bproperty.com.

Mark Nosworthy, CEO, bproperty.com, said, “This deal represents a milestone within real estate in Bangladesh. Bproperty’s complete real estate solution gives consumers the advice and expertise as well as the market transparency they require in order to make the right decision when it comes to engaging with the real estate industry. 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.”

Bproperty.com, owned by the Emerging Markets Property Group (EMPG) headquartered in the UAE, was launched in 2015 in Bangladesh. It currently has over 25,000 properties marketed on its website for rent and sale.

The company’s 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, unlike lamudi.com.bd which only provides information through the portal.

In its effort to provide a world class real estate service, bproperty.com recently launched a number of initiatives including virtual tours of properties to allow consumers to engage with properties efficiently and easily from the comfort of their couches.

The CEO mentioned another reason for consumers to seek their services. He said, “The service is completely free. We work solely on success. We get paid on success of action having a property sold.”

Also on Bangladesh Monitor