ZiffyHomes acquires Nivaasa

Home Rental Service start-up, ZiffyHomes has acquired Nivaasa, a Gurgaon-headquartered home rental platform, for an undisclosed amount recently. The acquisition will help Ziffy to expand in the premium category apartments across India, given that they are currently based in Delhi NCR. The company had earlier acquired competitor Fella homes this year to become one of the largest aggregator of Exclusive Rental Properties in Delhi NCR.               

Nivaasa, which currently operates in Gurgaon, Delhi, Mumbai and Bangalore, offers a professional way to rent a home.The start-up created its own furnished living spaces and provides a house hunting service to home seekers looking for rentals in the open market. This apart, it also provides furnished and rental homes to people and allow them to customise the amount of furniture they desired to rent.              

The acquisition is an all cash deal where all the properties and assets of Nivaasa will be on boarded by ZiffyHomes. They would be taking over the Business, Sales and Operations part going forward. Further, while customers would be able to avail extensive set of benefits which are the part of ZiffyHomes platform, House Owners will be provided with Property Management tools for better accountability of their rental returns on the property.

ZiffyHomes, had recently raised seed funding of Rs 2 crore from Individual investors. The current acquisition will add 12 Community Hubs to ZiffyHomes’ rental business in Gurugram. The Ziffy Technologies platform currently has close to 2,000 Rooms along with exclusive supply of around 500 studio apartments listed on it across Delhi/NCR. 

DLF opens club at New Chandigarh project

DLF group inaugurated,‘DLF City Club’ in Hyde Park Estate to mark the occasion of Baisakhi. Spread over 4.3 acres the DLF City Club, boasts of being one of the most luxurious clubs in the Tri City (Mohali, Panchkula and Chandigarh).

Speaking on the occasion Mr. Mohit Gujral, CEO DLF Ltd., “The City Club reinforces DLF’s commitment to create a lifestyle befitting the aspirations of our customers. We do hope this sets a new benchmark for our customers and further establishes an identity for Hyde Park, New Chandigarh.”

Hyde Park Estate at New Chandigarh is DLF’s premium integrated township spanning over approx 238 acres. The project has 775 residential plots, 302 homes and 289 commercial plots that have been offered for possession.  — TNS