Quikr realty wins SEBI mandate to liquidate properties worth over Rs 7000 crore

Bengaluru: Quikr Realty, the online-to-offline brokerage business (earlier HDFC Realty), has been empanelled by the Securities and Exchange Board of India (SEBI) to conduct the e-auction process and disposal of stressed assets of various companies valued over Rs 7000 crore, the company said.

According to the company, the multi-year empanelment which is renewed for another 5 years will leverage Quikr Realty’s builder relationships across 22 cities and over 4800 brokers in its network to oversee real estate e-auctions.

"This is the second stint of empanelment of Quikr Realty by SEBI for valuation & liquidation of Stressed Assets. Quikr Realty's earlier associations with SEBI included liquidation of Pearls Agrotech Corporation (PACL), Sahara and Unitech assets, ” the company mentioned.


As a part of its recent engagements, Quikr Realty has also been recognized as the only company to be appointed by the Government of Maharashtra to conduct e-auction process for properties. It has also liquidated properties for customers such as SEBI, Justice Dingra, and Justice Sarin in the past.

Quikr Realty has facilitated marketing, bid management, e-auction, and transaction advisory services for prominent banks and housing finance companies as well.