Property Station secures angel funding


Property Station - Feature -1
Property Station secures angel funding from Care2Earn Services. Property Station is resale realty consultant based in Gurgaon helps buyers and sellers execute resale deals for various stages of real estate like under constructions, land purchase and ready to move in properties.

Property Stations offers an online dashboard, users can search for resale price index for different properties, builders or projects. The dashboard provides resale price index of all registered properties, builders or projects. Customers will get an idea about the size, resale price and other information about the project, before taking that crucial decision of property purchase.

Gurgaon based Property Station was founded in 2011 by Rohit Goyal. Rohit Goyal has rich experience in real estate segment after having worked with and IndiaHomes for almost 10 years. He is first generation entrepreneur. The company has opened stores called PropertE Stores in Gurgaon. This store meets all real estate needs of people in radius of 2-3 kms.

Property Station - Feature - 2The company has ambitious plans to open these stores in eight metro cities by 2020. These stores will assist the buyers with all legal papers and documentation for change of ownership work done from their end. Apart from these they also assist buyers in getting home loans too.

Property Stations generates revenue through facilitation and execution of selling and buying deals. As per company claims they have executed close to 150 transactions in the secondary market for an average ticket size of Rs. 1 Crore for the last financial year.

On 15 May 2015, Property Station received angel funding of Rs. 60 lakhs from Care2Earn Services P Ltd, which is a boutique financial services company. Vishal Gupta of Care2Earn will join the board of Property Station. After funding Rohit Goyal of Property Station said “We plan to open 10-15 technology driven PropertE Stores in Gurgaon. These PropertE Stores would meet all real estate needs of people in the radius of two-three kms. The company plans to open these stores in eight metro cities by 2020.”

In recent times online housing portal business is attracting lot of news, talks with PropEquity failed on revaluation, Commonfloor funding by Google Capital, recently raising funds from SAIF Partners and others.