Digital real estate platform Blox has acquired an 11% stake in advisory firm the Guardians for $12 million or over Rs 101 crore, with plans to increase its ownership to 50% over the next three years.
This acquisition will bring together Blox and Guardians, managing annual sales of around 25,000 homes with a consolidated Gross Transaction Value (GTV) of $2 billion in the Indian primary residential market.