Bproperty and Digital Classifieds Group Collaborate to Advance Real Estate in Bangladesh

“Bproperty gains access to additional resources to improve services through partnership with Digital Classifieds Group, expanding DCG’s presence in emerging markets and merging with a large-scale business.”

Bproperty, the leading provider of comprehensive real estate solutions in Bangladesh, has announced a merger with Australian-based Digital Classifieds Group (DCG). The partnership will provide Bproperty with additional resources to enhance its services, while also allowing DCG to expand its presence in emerging markets and merge with a large-scale business, according to a press release.

DCG, established as a leader in property classifieds in emerging markets since 2009, expands its presence with operations in Cambodia, Papua New Guinea, Laos, Fiji, and a partnership in the FazWaz Group in Thailand.

Recently shifting its business model from advertising to transactional services to drive growth, this transaction will result in a significant increase in DCG’s workforce and revenue by over 100% despite current challenges in the technology and real estate industries.

Bproperty is a leading real estate company in Bangladesh, known for its innovative approach to the property market. It offers a secure platform for buyers, sellers, landlords, and tenants to conduct transactions in a transparent and streamlined manner.

Utilizing technology to enhance its services, Bproperty has an extensive online and offline presence, with a vast database of property listings.

The company’s website, which launched with 990 listings in 2016, now features over 550,000 listings with detailed information, videos, and floor plans, allowing users to get a clear understanding of properties before visiting in person.

Bproperty streamlines real estate transactions by having in-house teams for supporting services such as legal, financial, and interior services all under one roof, ensuring that matters are handled efficiently. With over 4 million website and mobile application visitors per year, Bproperty has established itself as a trusted name in the real estate industry.

According to Bproperty’s CEO, Mark Nosworthy, the company will continue to expand in Bangladesh and work with DCG’s other markets to solidify its position as a leading operator of property classifieds in Asian frontier markets.

The acquisition of Bproperty marks a significant milestone for the DCG Group, as it expands its reach into the dynamic Bangladeshi market. This move increases the group’s market reach threefold and brings its total reach to approximately 200 million people across five countries.

DCG Group CEO, Mathew Care, expresses his excitement about the acquisition and welcomes the Bproperty team and their CEO, Mark Nosworthy, to the DCG family. He also states that he looks forward to learning from Nosworthy’s experience to aid in the group’s upward growth.

As part of the deal, Nosworthy will also be joining the Board of DCG, bringing his knowledge and expertise to the table. The group will now focus on consolidating its position as the leading operator of property classifieds in Asian frontier markets.

“Bproperty will persist in achieving its goal of offering top-notch services to clients in Bangladesh by utilizing the extra resources and information available to us,” Mark declared. This includes collaborating with the financial and construction sectors to develop innovative solutions.