Quikr will continue to operate both brands in the market. The merger, which is expected to be completed over the next two to three months, will give CommonFloor.com access to Quikr's 30 million consumers, Quikr said in a statement.

QuikrHomes, on the other hand, will benefit from CommonFloor's structured data and domain expertise, it added. "The combined force of two entities will create a strong online real estate industry leader, which has the largest inventory and property seeker traffic in the country," it
said.

No financial details of the deal were disclosed. "This is Quikr's fourth and the biggest strategic move in the real estate category since the launch of QuikrHomes about four months ago," Quikr cited.

Pranay Chulet, founder and CEO of Quikr, said there is "great synergies" between the two companies. "With a highly successful recent campaign, launch of industry defining Street Vision, and now today's announcement, QuikrHomes is off to a great start in 2016. We expect this transaction to not only accelerate the growth of QuikrHomes, but also our other verticals," he added.

Quikr recently acquired Indian Realty Exchange (IRX), a mobile-first aggregator of real estate broker community and RealtyCompass, a platform that provides builder rating and project analysis.

 Latest News from Business News Desk