London-based proptech platform IMMO opens technology hub in Chennai
IMMO, the disruptive proptech platform revolutionizing the housing market, has announced the inauguration of its technology hub in Chennai, India.
Headquartered in London, IMMO is reshaping how people sell, rent, and invest in residential real estate by providing institutional investors with access to detailed property data and a fully integrated tech platform that streamlines various real estate processes.
Hima Mandali — IMMO CTO said: “The Technology Hub in Chennai will be a good extension to our existing globally distributed teams operating out of the UK, Germany, and Spain and will accelerate our growth. It’s an exciting time to be building on our product and platform development capabilities to serve our investors, residents, and sellers around the world.”
The newly established technology hub, located at Tek Meadows IT Park in the Old Mahabalipuram Road, will play a crucial role in accelerating the development of IMMO’s proprietary technology platform, enabling the company to scale its business globally.
The hub, which began its operations last year, is experiencing rapid growth and currently employs 50 professionals specializing in engineering, product development, and support functions. The team at the Technology Hub focuses on key areas such as business intelligence, data analytics, machine learning, and artificial intelligence.
To spearhead the operations and growth of the technology hub, IMMO has appointed Shanmugam (Shan) Nagappan as the Managing Director for India. Nagappan brings a wealth of experience in the technology industry, having previously served as the COO at Replicon India, Country Leader for OEC, and Managing Director (India) at Wolters Kluwer ELM Solutions.
His expertise lies in setting up and expanding technology and global operations hubs across multiple cities in India.
With the establishment of the technology hub in Chennai, IMMO solidifies its commitment to leveraging technology and data to transform the real estate sector. The hub will facilitate the rapid advancement of IMMO’s tech platform, enabling enhanced market intelligence, streamlined real estate sourcing, efficient lettings, and effective property management.
By integrating these traditionally fragmented services into a single, comprehensive platform, IMMO aims to revolutionize the way housing transactions are conducted.
Hans-Christian Zappel — IMMO Founder and CEO said: “Setting up the Technology Hub in Chennai is a cornerstone of our growth strategy.
“The real estate industry has traditionally only deployed technology in individual parts of what is a category-spanning value chain, stretching from investors, through construction, to consumers. At IMMO, we are uniquely positioned to create meaningful change and disruption in every part of an otherwise stale and fragmented industry.”