PropTiger Realty Pvt Ltd may acquire Locon Solutions Pvt. Ltd. According to the news report by The Times of India, the company is in advance stages of discussions with PropTiger for a sale. Elara Technologies Pte Ltd, which owns and runs PropTiger, is expected to get a fund infusion of $100 million to $120 million from News Corporation (NasdaqGS:NWSA) and REA Group Limited (ASX:REA), the paper reported, citing sources privy to the matter.

Mumbai-based Housing has been in talks for a sale for over a year but a definitive agreement is still to be signed.