I managed a Real Estate focused Recruitment Firm for a decade. I have interacted with some of the biggest consulting companies in India like JLL, Knight Frank etc. The need for data and analytics is extremely important in the real estate sector. Most big developers take the help of JLL, knight frank to get research reports on a particular city (demographics, per capita, infrastructure available etc) before they make the decision on the Project. apart from that Global Consulting MNC offers land valuation, and property, plant & machinery valuation.( this is the business Prop Equity is also offering, a part of their business).
The need for data analysis is extremely important in the Real Estate Industry, if you look at the way the industry was functioning before RERA, it was unorganized and a majority of the developers didn’t do any surveys or feasibility reports on upcoming projects.
The need for Prop Equity and similar platform is super important for the industry. A more deep dive in to their business is required. i read the 2022 AR however i couldnt gather anything insightful.
They have 27% receivables as doubtful, which is alarming. however, i know from working in the Real Estate Industry in India, that a few developers are unethical and payments are delayed to vendors. some developers never paid me and i had to write off the receivables.
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