Favista Real Estate
Real Estate Advisory India.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
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Favista Real Estate Private Limited operates as a real estate brokerage firm, incorporated on October 10, 2011, in Gurgaon, India. The company was founded by a team of graduates from prominent institutions like IIT, IIM, and INSEAD, including Vishal Bhargava, Manish Sinha, Anupam Sinha, and Parmesh Ranjan. The founders leveraged their backgrounds in technology and consulting to establish a tech-centric real estate advisory company.
The firm provides comprehensive brokerage services for buying, selling, and leasing residential and commercial properties. Its primary markets include major Indian cities such as Gurgaon, Noida, Delhi NCR, Mumbai, and Bangalore. Favista developed an online portal designed to offer detailed project information, including floor plans and neighborhood specifics, aiming to bring more transparency to the real estate transaction process for consumers. In 2013, the company enhanced its platform by launching a map-based search interface, providing users with a more visual and in-depth way to explore properties, including 3D walkthroughs and construction updates. The business model focused on generating inbound buyer leads through its online platform, which successfully generated over 500,000 leads.
A significant milestone in the company's history was its acquisition by Coldwell Banker India in an all-stock deal announced on March 10, 2017. As part of this acquisition, all of Favista's assets, intellectual property, and employees were integrated into Coldwell Banker India. The Favista.com portal was set to continue operating as a standalone entity to provide marketing and lead generation services for developers and the Coldwell Banker franchise network. Prior to the acquisition, Favista had been incubated and funded by Veddis Advisors, securing $2 million in a seed round in 2012. Before being acquired, the company's on-ground brokerage division had facilitated the sale of over $150 million in property value.
Keywords: real estate brokerage, property portal, real estate advisory, lead generation, residential property, commercial property, property technology, Indian real estate, brokerage services, online marketplace