Homesfy Realty recently acquired EQServ, a Mumbai-based real estate brokerage specializing in facilitating the sale of residential properties to renowned developers in the city. EQServ has already sold almost 390 housing units and connected 330 customers.
Ashish Kukreya, the founder and CEO of Homesfy and MyMagnet, expressed his views on the growing proptech sector, highlighting the consolidation opportunity and synergy resulting from the acquisition. He considers this step as just the beginning of a promising journey.
Homesfy Realty entered the real estate market in 2011 with the mission of simplifying the property buying process, prioritizing security and reliability in transactions. Over a decade, the company has become self-sustainable and facilitated transactions worth Rs 1,650 crores on its platforms during the last fiscal year.
Rajul Tandon, the founder of EQServ, emphasized the importance of sharing a common vision and values when completing a business merger. He saw Homesfy as a natural choice for EQServ’s expansion, seeking a technologically advanced and fundamentally sound company to join forces. It is believed that this interaction will lead to remarkable achievements.
Under Tandon’s leadership, EQServ has established partnerships with renowned developers such as Lodha, Godrej, Runwal and Marathon. With nearly two decades of professional experience across diverse industries, including automotive, consumer goods and real estate, Tandon has played prominent roles at companies such as PropTiger, Square Yards and Trespect.
