Wharton School Teams up with PropEquity to Focus on Indian Realty Research
Through the collaboration, the team at Wharton and PropEquity together aim to work on data, research and market intelligence for the Indian real estate sector.
PropEquity, India’s largest real estate data, analytics and research firm and Wharton School, University of Pennsylvania, US, have announced a knowledge partnership that focuses on the Indian real estate research. The school is widely regarded as one of the world's top institutions for business education and US News and World Report has repeatedly ranked Wharton’s real estate MBA program as the top in the United States.
Through the collaboration, the team at Wharton and PropEquity together aim to work on data, research and market intelligence for the Indian real estate sector. A fundamental goal of the partnership will be to use the intelligence to study a variety of important topics such as price movements of residential projects along with their construction journey, impact of delays on demand & supply in micro markets, and the impact of recent reforms such as GST and RERA on supply, absorption & pricing.
Santosh Anagol, Associate Professor of Business and Public Policy at Wharton said that they are thrilled that Propequity will be their partner in understanding the evolution of the Indian residential real estate market. They are excited that through this partnership they will derive broader lessons about the growth of housing in emerging markets over the coming decade.
Samir Jasuja, founder and MD at PropEquity said that the company is very excited about this partnership as it will provide unprecedented and insightful research of the Indian real estate environment and accurately predict future trends in the sector.
University validates and strengthens its commitment towards understanding and bringing transparency to the Indian Real estate market. This brings the company one step closer to its IPO plans and is in line with its business expansion strategy to partner with real estate expertise from across the world through strategic alliances and joint ventures.
This will be the first time that Wharton would be using data and analytics from an Indian firm to better understand, analyse and forecast trends in the Indian real estate sector.
Anagol said that they are eager to learn from and contribute to the statistical analysis that will be done using PropEquity data and analytics. PropEquity’s extensive data and advanced analytics offer significantly larger possibilities to derive inferences which are common to research studies abroad but rare in India.