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NoBroker acquires Society Connect in an all-cash
seal
NoBroker, the customer-to-customer real estate
portal, has acquired Society Connect in an all -
cash deal. With the acquisition, NoBroker aims to
further strengthen its hold in the visitor and
community management space where it already has a
strong presence with its app NoBrokerHood. The
announcement comes two months after NoBroker
launched its services in Delhi -NCR. Society
Connect, a technology mapped platform for society
management, is a leader in Delhi- NCR and
adjoining regions with over 500 societies that
are using its platform to facilitate easy
living. NoBroker intends to hire all of Society
Connects employees to combine efficiencies of
their ERP system along with Nobrokers own
visitor and community management app,
NoBrokerHood. NoBrokerHood was launched in 2019
and is deployed by 1000 societies across
Bangalore, Mumbai, Pune, Hyderabad, Chennai, and
Delhi-NCR. Speaking on the acquisition, Akhil
Gupta, Co-Founder and Chief Technology Officer of
NoBroker.com, said, Our focus has been to
provide end-to-end solution for all aspects of
community management and simplify apartment
living. Society Connects accounting and payment
solutions are unparalleled and will strengthen
NoBrokerHoods suite of services. NoBrokerHood
will become a single software for a host of
services such as accounting, facility management,
security, maintenance requests, communication and
visitor management requests that enhance society
living experience. Amit Agarwal, Co-Founder and
CEO of Nobroker.com, said, We are happy to have
a brilliant team and product on board and hope
that this move would combine the capabilities of
two players that are working towards making
apartment living a hassle-free experience. The
specialised solutions built by Society Connect
would help achieve greater transparency and faster
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redressal for the residents. This acquisition
falls in line with our endeavour to be the one
-stop shop for all home-related consumer
needs. Society Connect is currently deployed
with realty players such as DLF, Unitech, Omaxe
Group, Ashiana Group, Supertech Group, Nirvana
Country, Tatvam Villas, Exotica Group, Ireo Grand
Arch, ATS, Bestech, Vatika Greens, Belmonte, and
many more. It generates maintenance bills upwards
of Rs 350 crore per annum. We are happy and
honoured to synergise our services with a leader
like NoBroker.com that has won consumer trust
with their unique value proposition of zero
brokerage, said Shobhna Arora, Co-Founder of
Society Connect, commenting upon the association.
In Hyderabad properties are available for sale
in raj apushpa eterna Sourav Mukerjee,
Co-Founder of Society Connect, said, We look
forward to bring our financial competence to
NoBrokerHood to digitally transform and
streamline activities for a smooth user
experience.