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Exclusive: IndiaProperty and IndiaHomes in merger talks

IndiaProperty_IndiaHomes

In another consolidation move in the red hot online real estate services market, IndiaHomes and IndiaProperty, both VC backed firms, are exploring a potential merger in an all-stock deal, three sources close to the development told Techcircle.in.

At least three top executives—Bhaskar Bagchi, chief operating officer; Rakesh Kher, head of human resources and Himanshu Arora, head of talent transformation—at IndiaHomes have quit as a precursor to the deal, according to sources.

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