IndiaMLS named realtors body's IT solutions partner

Real estate brokers software solutions provider IndiaMLS on Wednesday announced it has been named by the National Association of Realtors India as their exclusive MLS partner at the latter's annual convention here.

MLS, or multiple listing system, is a facility for the orderly correlation and dissemination of listing information to better serve brokers' clients, customers and the public.

"NAR India, which is affiliated with the National Association of Realtors in the US, is the largest organised association of realtors in India," IndiaMLS said in a statement.

"In addition to providing the top real estate technology solution in the market, IndiaMLS will also assist NAR-India in preparing an education and certification curriculum for brokers," it added.

Jay Patel, founder of IndiaMLS, said: "This is a great accomplishment for IndiaMLS as it paves the road for our company to take our MLS software pan-India."

International accounting firm KPMG estimates the size of the real estate sector may increase five-fold to reach $676 billion by 2025.

"About 91 million people shifted to cities over the last decade resulting in the development of about 2,774 new cities, taking the total number of cities to 7,935," said NAR-India.

"The urbanisation resulted in development of 51 million new houses in urban areas. This is a huge opportunity for brokers as well, to offer their professional services," it added.