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Bproperty Acquires Lamudi Bangladesh

bproperty.com, the country’s leading real estate marketplace, and one-stop real estate solution platform, today announced that it has acquired Lamudi.com.bd, another property portal in Bangladesh.

The deal, for an undisclosed amount, represents a consolidation of real estate services in the country. The current services of Lamudi.com.bd will be wound down with Lamudi’s consumers and real estate developers being serviced through bproperty.com.

Bproperty has quickly grown to prominence in Bangladesh in the last few years and this acquisition is a further signal of its commitment to improving the real estate industry, ensuring that all consumers, irrespective of their real estate need have access to independent real estate advice. Bproperty’s services combine the provision of accurate real estate information with a face to face service delivery through its team of sales advisors located in its sales offices throughout Bangladesh, giving buyers & sellers, tenants & landlords access to independent advice to answer those real estate questions, including all property and area advice as well as legal solutions to real estate, to remove the hassle of engaging and transacting with the industry.

With over 25,000 current properties being marketed for rent and sale, Bproperty has the ability to give consumers choice as well as make it easier for sellers and landlords to sell and rent their property. Mark Nosworthy, CEO of bproperty.com says, “This deal represents a milestone within the real estate industry in Bangladesh. Bproperty’s complete real estate solution gives consumers the advice and expertise as well as the market transparency they require in order to make the right decision when it comes to engaging with the real estate industry. Ensuring that this service is accessed by all, giving consumers the confidence within the industry, is important to the growth and development of the industry and the country’s economy as a whole.”

Bproperty, in its efforts to provide Bangladesh with a world-class real estate service, has recently launched a number of initiatives including virtual tours of properties to allow for consumers to engage with property efficiently and easily, in a transparent manner, giving the tools required to make the right decision. Mark Nosworthy says "Bangladesh requires an independent real estate company whose sole objective is to ensure that a secure and complete real estate transaction is finalized. The absence of this in Bangladesh has slowed the growth of the industry and Bproperty is working hard to provide the country with a complete service that can be trusted to deliver results, in an efficient manner and for the benefit of each individual consumer whether that be a seller or buyer, tenant or landlord. Bproperty’s service is required by all.”

Bproperty.com, owned by the Emerging Markets Property Group (EMPG) headquartered in the UAE, launched in 2015 in Bangladesh and currently has over 25,000 properties marketed on its website. EMPG has a rich experience in delivering world-class real estate solutions to emerging markets, catered specifically to the needs of that specific market, with other real estate portals in Asia, Middle East, and North Africa.

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