EXECUTIVE SUMMARY

The business of real estate is the profession of buying, selling, renting of land, buildings or house. Property agent/broker in currently do not need a license to operate, and all the legal work related to property requires a professional lawyer. Real Estate is an area for growth in the country. Many cities are now leaning from , Bangalore and Hyderabad on how to make profits from real estate business. Apart from the development of high rise buildings in the Delhi (which is today the top realty destinations in India) infrastructure such as schools, malls and hospitals is coming up in a big way that even nearby territories such as Noida, Ghaziabad, Gurgaon and Faridabad are now seeing much land development with its continuous expansion for big residential and commercial projects. • Magic Brick - .com - is a high-end property portal that caters to a global market with its unique services and novel online features. Having been launched in the year 2006 by Times Group, Magicbricks has quickly risen to being the best Property Portal in India. It has successfully hosted 75 domestic and over 15 international property shows around the globe. Alexa rank in India – 150 • 99 Acres - 99acres.com - is an web portal in India dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. You can advertise a property, search for a property, browse through properties, build your own property Microsite, and visit other Indian and International sites. Alexa Rank in India – 143 • Housing - housing.com - is one of the India’s fastest-growing online real estate platforms. They aim to give home-seekers and home-owners relief from endless onsite visits, consultation, formalities, fake listings, and more. With simple yet innovative interface you can easily search flats in your locality and take a virtual tour of every property. Alexa rank in India – 170 • PropTiger.com was founded in 2011 by Dhruv Agarwala, Kartik Varma, and Prashan Agarwal. The business received $2 million in funding in its first year and in 2012, received an additional $5 million in funding from SAIF Partners and Accel Partners. In 2014NewsCorp announced that they had acquired 25% stake in PropTiger.com for $30 million and in 2015, PropTiger.com entered the secondary market property deal space in Bangalore. In April 2015, PropTiger acquired Bangalore based digital interaction design start-up OoBI, for an undisclosed amount. • CommonFloor was founded by three computer Science graduates, Sumit Jain from IIT Roorkee & Lalit Mangal from IIT Roorkee and Vikas Malpani from JSSATE Bangalore in 2007 from a garage.CommonFloor has raised 4 rounds of funding from three investors. The most recent one being of around $10M from Google Capital, just three months after receiving $30 million funding from Tiger Global. After 8 years and 4 rounds of funding CommonFloor is providing property search services in more than 120 cities across India. CommonFloor is listed in 33 startups by techin asia. MagicBricks Magicbricks, a division of Limited, is a wholly owned subsidiary of Bennett, Coleman & Co. Ltd () is a website that provides a common platform for property buyers & sellers to locate properties of interest in India, and source information about all property related issues.

Company initiatives Magicbricks with IIM Bangalore launched the Housing Sentiment Index.[1] In this collaboration of two leaders from Academia and Industry- the co-branded “MB- IIMB Housing Sentiment Index”, is all set to capture the “buyer’s mood” on the real estate scenario in India.[2]

Services Apart from buying, selling & renting properties in India users have access to the following services as well: News section of Magicbricks “Property Pulse” [3] includes property news, home loans concerns, legal & taxation issues, expert opinion and analysis of property trends. Buyer's Guide, a real estate eBook which covers all the essential steps and stages entailed in property buying and contains answers, quick tips and expert advice on what to look for and how to manage property buying. PropIndex is a tool by Magicbricks which empowers property seekers and investors with detailed information on the movement of residential apartment prices and supply of properties in India for some major cities & has been adding more cities on a regular basis as well. Sahu Jain Family (Redirected from Sahu Jain)

Sahu Jain family

Ethnicity Jain

Current Najibabad, Bijnor district, region , India

Notable • Rai Bahadur Jagmundar members Das Jain

• Sahu Shanti Prasad Jain

• Shreyans Prasad Jain

• Sahu Ramesh Chandra Jain

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• They own the Times Group. Sahu Jain family is an industrial family of India. They own the Times Group and its parent company, Bennett, Coleman & Co. Ltd., the most widespread selling English newspaper in the world. The members of the extended family have interests in education (S P Jain School of Global Management), chemicals (DCW Ltd.) and finance (DoubleDot Ltd. and Crescent Finstock Ltd). They are of Agrawal Jain community. Sahu Jains hail from a small town of Najibabad, Bijnor district (near Meerut, 180 km from Delhi), Uttar Pradesh, India Members The leading members of the family have been Rai Bahadur Jagmundar Das Jain, Sahu Shanti Prasad Jain, Sahu Shreyans Prasad Jain, Sahu Sahu Ramesh Chandra Jain, Sahu Samir Jain, Sahu Vineet Jain, Sahu Deepak Jain and Indu Jain. Jnanpith Awards, are given by the Bharatiya Jnanpith organization founded by the family. The group has also founded a few other awards that are coveted honours in the fields of fashion, movies and business in India - namely the Miss India title, Awards(movies) and Awards for Corporate Excellence. The Times Group has diversified into many fields. (world's largest circulated English newspaper), the Economic Times, FM , the Planet M music store chain, the biweekly magazine India, the Indiatimes portal, the 24 hours English news channel , the Bollywood news and music channel Zoom are owned by the Sahu Jain family. In 2008, the group acquired Virgin Radio (renamed to Absolute Radio) in the United Kingdom, which they sold after making a loss of £31 million in 2013 MagicBricks: India’s No-1 Property Site Times Business Solutions launched MagicBricks.com in August ’06, as a platform to bring together property seekers and sellers in the real estate industry. Within three months of its launch, MagicBricks.com achieved the status of being the No.1 property portal in India. With its revolutionary next-gen services customized specifically to address the real estate industry it has consolidated its position as the leader in the sector. MagicBricks.com provides a common platform for all users, and provides a space for property buyers & sellers to locate properties of interest and source information about all property related issues in a transparent and unambiguous process.

Magicbricks.com is India’s No.1 property portal. With monthly traffic exceeding 6 million visits and with an active base of over 5 lakh property listings, Magicbricks provides the largest platform for buyers and sellers of property to connect with each other in a clear, transparent manner. With this in mind, Magicbricks has innovated several product features, content and research services, which have helped us build the largest audience pool MagicBricks.com offers a pan – India coverage of over 500,000 active listings, showcasing the Indian real-estate market. MagicBricks.com currently records over 10 million page-views per month, and comes packed with a host of tools, never witnessed before by Real-Estate Industry including Location Map Service, Email Alerts, Exclusive developer Micro-Sites, Virtual Walkthroughs, Rent Zone, Luxury, Deals, Decor, etc.

MagicBricks.com observed that the majority of people, in this business, did not access the internet on a daily basis, but conducted their business over mobile phones. Thus the most valued services pioneered by MagicBricks.com, which further advanced its leadership, were the Mobile & Internet convergence services, with the launch of ‘MagicSMS’, ‘Click to Call’, ‘Property Leads on SMS’ and ‘MagicBricks Mobile’,.

Through the ‘Magic SMS’ service, users can send free SMS through the website to sellers for properties and buyers for requirements that interest them and with “Click to Call” users can call sellers for free through the site. MagicBricks.com also provides developers and real estate agents – ‘Property Leads on SMS’ – a premium service that offers instant SMS updates of new properties listed as per the subscriber’s requirements.

Not one to rest on its achievements, MagicBricks.com launched, India’s first Mobile Property Portal – ‘MagicBricks Mobile’. This application enables users to search for properties by type, budget and city on their GPRS enabled cell-phone. Users can instantly contact the concerned person by sms or phone call and the application stores the history of the contacts they have made in past sessions, for easy recall and follow-up.

MagicBricks.com’s Research and Analysis wing that constantly monitors the property and real-estate market in the country, providing insights, impact assessment reports, official forms, legal & taxation expertise and realty rates to MagicBricks.com users.

With such offerings, it is evident MagicBricks.com retains its leadership position with over 8 lakh registered users, including over 65,000 real estate agents and more than 13,000 builders having their presence on the site. 99acres.com

99acres.com is an Indian real estate database website was bought in 2005. Its parent company is Info Edge (India) established by Sanjeev Bikhchandani with its headquarters in Noida, Uttar Pradesh and regional offices in cities like Bangalore, , Chennai etc.

The website features property listings from builders, dealers and property owners from all Indian cities. The website has several sections.

Sanjeev Bikhchandani (born 1963) is an Indian businessman, who is the founder and executive vice chairman of Info Edge (India) which owns Naukri.com, a job portal.

He attended St. Columba's School, Delhi and finished schooling from there in 1981. Thereafter, he obtained a Bachelor of Arts degree in Economics from St. Stephen's College, Delhi, (Delhi University) in 1984. He completed his MBA from IIMA in 1989.

Career

Sanjeev after his PG left a job marketing Horlicks at HMM (now known as GlaxoSmithKline) in 1990 to set up two companies Indmark and Info Edge (India) along with a partner. The first company specialized in pharmaceutical trademarks and the second produced salary surveys and reports. In 1993, he and his partner decided to go separate ways. Both partners got one company each. Sanjeev got Info Edge (India. In 1997, Bikhchandani set up Naukri.com, jobs portal on a server in the United States, and later Quadrangle, an offline executive search business.

He was selected as a finalist for the Ernst and Young - Entrepreneur of the Year award in 2005. PROPTIGER

PropTiger.com was founded in 2011 by Dhruv Agarwala, Kartik Varma, and Prashan Agarwal. The business received $2 million in funding in its first year and in 2012, received an additional $5 million in funding from SAIF Partners and Accel Partners. In 2014NewsCorp announced that they had acquired 25% stake in PropTiger.com for $30 million and in 2015, PropTiger.com entered the secondary market property deal space in Bangalore. In April 2015, PropTiger acquired Bangalore based digital interaction design start-up OoBI, for an undisclosed amount.

PropTiger.com has announced that they intend to branch out with offices in Ludhiana, , Chandigarh, Kochi, and Hyderabad. In April 2015, PropTiger.com joined hands with Makaan.com, one of India's first real estate online portals, to create together India’s only full stack company which provides end-to-end customer solutions to home buyers, developers, agents, banks and private equity investors on an integrated platform.[

While venture capital investments in Indian technology start-ups are now common, the system is increasingly attracting the attention of multinational companies. After acquisitions of Indian start-ups by some global majors like Facebook and Yahoo!, Rupert Murdoch's News Corporation announced an investment of $30 million in Noida-based real estate website PropTiger.com. It was founded by Dhruv Agarwala and Kartik Varma, classmates at Harvard Business School, along with Prashan Agarwal, an alumnus of Indian Institute of Technology, Kanpur

Before starting PropTiger.com, Agarwala was CEO of GE's infrastructure business in India. He also led institutional sales for GE in the country. He holds a bachelor's degree in materials science from Northwestern University, a master's from Stanford University and an MBA from Harvard. Agarwal too has formerly worked at GE. Agarwala's first business enterprise was a financial advisory firm called iTrust that he started in 2006 along with Varma. The idea of a property website struck them after they realised that there weren't many websites catering to people who were looking at property as an investment. In 2011, they sold iTrust to the Karvy Group and decided to focus on real estate instead. While Varma was a co-founder, he is no longer actively involved with the property business

HOUSING

A group of twelve students from the Indian Institute of Technology, Bombay founded Housing.co.in in June 2012, currently having nine founders. The company bought the domain Housing.com and the number 03-333-333-333 in September 2013 for a total of $1M.

Housing.com has raised four rounds of funding since its founding in 2012. The company raised $2.5 million in Series A funding from Nexus Venture Partners in June 2013. The company used the funds to create its Data Science Lab and to expand to four cities: Bangalore, Gurgaon, Pune, Hyderabad The company raised another $19M in venture funding, led by Helion Venture Partners, in April 2014. Softbank have led a $90 million investment in Housing.com along with Falconedge and other investors in December 2014. Housing.com closed two undisclosed rounds of funding in February and March 2013. The rounds were led by Network18 CEO, Haresh Chawla, and Zishaan Hayath, the co-founder of Chaupaati Bazaar.

In early March 2015, the company had a nation-wide brand launch, and revealed its new brand logo, colours and brand philosophy; with the tagline 'Look Up'. The brand launch was advertised in national newspapers and hoardings in several cities across the country; and notably, on the company's social media pages.

In 2015, Housing.com came into the limelight because of a spat between CEO of Housing.com Rahul Yadav and Sequoia India MD Shailendra Singh.The conflict arised when Rahul Yadav alleged Singh of poaching Housing.com staff.

Rahul Yadav, Advitiya Sharma and 10 other co-founders of Housing.com needed a simple tool to find housing after they graduated. So they built one

Every time Suvir Sajan, co-founder of Nexus Venture Partners, leaves the Mumbai office of Housing.com, he has a smile. “I get emails from them at 5 am in the morning,” says Sajan about one of his investee start-ups. Not that he is complaining. “They know what they’re doing and that’s refreshing to see.” This is high praise from someone who has invested in startups like Snapdeal.com and Olx.in. “I know I’m biased, but I’d go so far as saying they are a poster child for the new India.” Speak to Rahul Yadav, Housing.com’s CEO and you realise why. The 24-year-old from Alwar, , wasn’t the finest, academically: He ranked 20th in a class of 30 in his Class 10 exams. Then a sarcastic comment from his uncle about his grades changed his life. In his Class 12 board exams, Yadav topped Rajasthan in physics-chemistry-maths, based on which he got a 75 percent scholarship for preparing for IIT-JEE. He became class representative in his second year at IIT Bombay and, later, secretary of its student association. As part of his election manifesto, he had to create a question bank from old exam papers. This sparked his technopreneurial bug and he built the popular Exambaba.com.

But Yadav wasn’t a techie, so he started coding from scratch. “If you’re sincere at IIT, you can get good grades. You don’t need to be really smart,” he says. “It was my first coding project; that’s where I became interested in the online space.” The institute even made Exambaba the official IIT-B archive before eventually shutting it. But Yadav had learnt his lesson: If something doesn’t exist, build it yourself, and if it doesn’t work, move on. After a brief internship in Israel, he returned to build apps for Google Chrome. And then, in his final year, he dropped out of IIT. “If things aren’t working, I can write them off,” he says disparagingly. “The problem with Indian start-ups is that people spend years on the same ideas that just don’t work!” He says his parents still don’t know he has dropped out.

Co-founder Advitiya Sharma, 24, another self-professed small-town boy (from Jammu) and Housing’s chief marketing officer, had been warned about the difficulty of finding a house after graduating. When he and Yadav started contacting brokers they realised how limited the information on online listed properties was; they also realised how good the money in Mumbai’s real estate brokerage business was. They eventually took a house in Powai, close to the IIT-B campus. “Many people from IIT-B were taking houses there,” says Yadav. That’s also when they figured out that since they had a good network of prospective clients among their IIT friends and batchmates, they might as well become brokers. “The money was good. We were making Rs 1-2 lakh a month,” he says.