RealPage to strengthen Hyderabad operations

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Hyderabad: Hyderabad-headquartered RealPage India, part of RealPage Inc, a global provider of software and data analytics to the real estate industry, which is in its 11th year of operations is seeing growth opportunities to serve both global as well as domestic markets, and is thus strengthening its team and operations here.

From its centre in Hyderabad, RealPage India provides core engineering capability, operational support and content services with a team of about 1,100, with plans to expand to over 1,200 team members in 2019. The India centre works closely with RealPage’s other global hubs based in London, the United States, and the Philippines.

 

RealPage Inc serves 12,300 clients from offices in North America, Europe and Asia. The company’s third quarter of 2018 revenues had grown 33 per cent over the last year, and the company believes it is on track to meet its 2020 revenue target of $1 billion ahead of schedule. RealPage is also keen to look at acquisitions in the future.

Sandeep Sharma, MD and country manager, RealPage India, told Telangana Today, “We will soon hire more than 100 people at our Hyderabad office. We are adding talent in data analytics, java, invoice processing, payment billing besides content services. We are also exploring creating operations in other cities of India, which will work with the Hyderabad team.”

RealPage is holding a hackathon in Hyderabad to mark the 11th year of operations to encourage innovation among student community both from schools and colleges from the city. Three teams with a mix of engineering graduates and school students are participating in the hackathon.

Tech adoption patterns
Keith Dunkin, SVP Asset Optimization, RealPage Inc, said, “Technology is still underpenetrated in the commercial real estate, globally, but adoption is gradually improving. RealPage supports about 16.5 million units worldwide, a large portion being in the US. We are using predictive and data analytics helping multifamily/tenant property developers and owners to take right decisions based on both the market patterns and pricing trends. The technology adoption is accelerating in the US and we see this will happen in other markets such as Canada, the UK and Asia, as well in the coming years. At present 90 per cent of our revenues come from the US and 90 per cent of the real estate is still outside of the US. So, we have a large market to tap.”

“Every end user is looking to optimise the investment lifecycle by using artificial intelligence, data analytics and machine learning. We could look at using blockchain in future. Consumers will also be benefited as technology adoption will improve, and the benefits will become cyclical among investors, developers and buyers. Convergence of multiple asset forms and optimisation will be our focus in the coming years,” Keith Dunkin adds.

Sharma added, “In India and China, technology adoption is becoming faster. In the years to come, adoption in Asia could be more than any other market. Changing regulatory landscape in India due to RERA will bring in more balance in supply and demand, further bringing structured growth in the country. India will become a key market for us in the near future to test out B2C solutions. We are currently assessing the Indian market and understanding gaps.”

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