dmg information Asia Pacific, a subsidiary of DMGThas made a strategic investment of $3 million of Series ‘A’ funding in Propstack, the Indian data and technology business for commercial real estatein participation with Real Capital Analytics and aims to increase its business stake in India over the next few years. Mumbai basedPropstack conducts extensive, on-going research on commercial buildings in India, enabling clients to analyze, interpret and gain insight on commercial property availabilities, lease and sale transaction comparable and access the market conditions. It currently serves a wide variety of professionals working in corporates, funds, rating agencies, brokers, owners, developers and vendors in Mumbai and will soon expand its services to the commercial real estate hubs of Pune, Bangalore, Chennai, Delhi-NCR, Hyderabad and Kolkata.
Propstack is based on an online subscription model that provides a diverse range of information catering to all commercial real estate research requirements. This includes detailed building information, analytics, client stacking, availability/vacancy details, transaction details and trends.The funds raised will be used to expand further the Propstack services to other cities of India and launch additional products and strengthen the team.