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PE Analytics ties up with leading comex to launch Real Estate Price Index

The company, which is hoping to launch the indices by September this year, said the indices will be the barometer for measurement of the real estate sector performance and will also enable trade on the exchange

Mumbai: New Delhi-based research firm PE Analytics has drawn up plans to launch its Real Estate Price Index in partnership with a leading commodity exchange, reports PTI.

PE Analytics owns and operates PropEquity, an online subscription-based real estate data and analytics portal covering over 27,000 projects of 5,100 developers across 40 cities in India. The data and analytics enable clients to spot market trends and maximise risk-adjusted returns.

“We are launching the first residential and commercial indices based on transaction prices in partnership with the leading commodity exchange shortly after a nod from the government," PE Analytics CEO Samir Jasuja told PTI here.

These indices will be based on the actual transaction and registration values prevailing in various micro-markets for the residential and commercial asset classes.

PropEquity is collaborating with India’s banking and finance regulatory body and the country’s largest commodity exchange to develop housing starts and realty indices.

The indices will be the barometer for measurement of the real estate sector performance and will also enable trade on the exchange. The company is looking at September 2011 to go live with this product offering, Mr Jasuja said.

PropEquity has created products that are unique in the Indian context and which have been validated through the market and with marquee customers, he said.

With future plans already underway, Mr Jasuja envisions PropEquity as a pan-Asia product and intends to raise a second round of funding for the company in 2011.

PropEquity has 120 employees, which will grow to over 200 in the coming year. A Nasdaq listing is planned within three years, Mr Jasuja said.

The company’s One Click Report is a first of its kind product in India bringing transparency to an otherwise opaque real estate industry. This product empowers the end consumer to make informed decisions regarding investments in real estate, he said.

“The consumer can take decisions with confidence since we give him real time information backed by research and analytics conducted by a full-fledged intelligence centre. Our detailed and extensive research pans over 27,000 projects spread over 40 cities and tracks over 5100 developers in India. The company offers customised reports for a holistic solution depending on consumer needs.”

Commenting on future plan, Mr Jasuja said the company’s vision is to create an information service enterprise through continuous innovation and integration of real time data, analytics and cutting edge technology to achieve higher transparency for participants and beneficiaries of the realty sector.

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