QUIKR REALTY WINS SEBI MANDATE TO LIQUIDATE PROPERTIES WORTH 7000+ Cr

Pan India exclusive empanelment is renewed for next 5 years

Bangalore, 17 August 2020: Quikr Realty, the online-to-offline brokerage business (earlier HDFC Realty), has been empanelled by The Securities and Exchange Board of India (SEBI) to conduct the e-auction process and disposal of stressed assets of various companies. This multi-year empanelment which is renewed for another 5 years will leverage Quikr Realty’s builder relationships across 22 cities and 4800+ brokers in its network to oversee real estate e-auctions, and the transaction mandate includes Rs. 7000+ Crores worth stressed properties.

This is the second stint of empanelment of Quikr Realty by SEBI for valuation & liquidation of Stressed Assets. Quikr Realty's earlier associations with SEBI included liquidation of Pearls Agrotech Corporation (PACL), Sahara and Unitech assets.

As a part of its recent engagements, Quikr Realty has also been recognized as the only company to be appointed by the Government of Maharashtra to conduct e-auction process for properties. It has also liquidated properties for customers such as SEBI, Justice Dingra, and Justice Sarin in the past. Quikr Realty has facilitated marketing, bid management, e-auction, and transaction advisory services for prominent banks and housing finance companies as well.

About Quikr Realty:

Quikr Realty is India’s only online to offline (O2O) platform for Real Estate. With an experience in Real Estate spanning three decades, the company has grown into a leading Real Estate advisory brand with a transaction volume of Rs. 3000 Crores, as of last year. Quikr Realty has also grown into a 400+ team of experienced professionals with a pan India reach across 22 cities. The company is well-supported in its knowledge and expertise through its alliance partner, HDFC Limited, which is working directly or indirectly with developers, private equity firms, investors and other major companies in the industry. Additionally, Quikr, the parent company runs multiple vertical businesses across real-estate, automobiles, jobs, services, and goods; and has over 20mn unique visitors per month. Over the years, it has built a robust platform for consumers with products for developers and brokers that stands to gain in the era of digitization. For more information visit www.quikrrealty.com