DMGT invests in Liases Foras in India

DMGTdmg information Asia Pacific, a subsidiary of DMGT, has announced it will invest more than $5 million in Liases Foras and aims to increase its business stake in the company over the next few years.
Established in 1999, Liases Foras is a non-brokerage residential real estate data and analytics company based in Mumbai, India. Having built up a proprietary database of residential housing developments, it collects inventory and pricing data on the top 25 cities in India, covering around 15,000 new build projects from over 8,000 developers on a quarterly basis.Stephen Stout, CEO of dmg Information Asia Pacific said: “Besides the financial support, dmgi, with assets such as Landmark Information Group in the UK, will be able to offer market and product experience that will add considerable value to Liases Foras.”

Pankaj Kapoor, CEO of Liases Foras said: “Through the synergy created by this partnership, we look forward to bringing new insights and information to our clients.”

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