Bproperty.com, a real estate marketplace giant in Bangladesh, was given a $10 million investment from Emerging Markets Property Group (EMPG), its parent company. Bproperty.com will use this capital to expand its already strong presence in Bangladesh.
This is one of the highest investments to be made in a single online platform in the history of Bangladesh, industry people said.
“We are very excited to have secured this investment,” said Mark Nosworthy, CEO of bproperty.com, which allows people to sell, buy or rent properties online and offline.
“We have the intention to build a world-class real estate solution for Bangladesh, ensuring that all Bangladeshis have access to the information and advice they require in order to make the right property decision.”
The new investment will help bproperty.com upgrade the quality of services, expand its reach throughout the country and provide clients with innovative services, Nosworthy said.
The investment will also help the entire sector face future challenges with ease, said the top official of the portal, which currently lists 25,000 properties to choose from.
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