PropEquity Sues CRE Matrix for Alleged Data Theft in Delhi High Court

PropEquity, a leading real estate analytics company, has taken legal action against its rival, CRE Matrix, by filing a lawsuit in the Delhi High Court. The lawsuit is based on allegations of data theft of primary real estate data, which PropEquity values at Rs 8 crore. The company, operating under the name PE Analytics, has also filed police complaints with the Cyber Crime Branch in Gurugram to address the issue.

According to PropEquity, CRE Matrix was not even operating in the domain of Primary Residential Data during the period of 2021-2024. This is significant because the primary data figures were released in May 2025 in a report titled “India Housing Report,” which included original Primary Data for FY22-25.

P.E. Analytics has invested over Rs 200 crore since its inception in primary data collection and continues to deploy more than Rs 24 crore annually through its 300-plus employees. The company is committed to maintaining the integrity and accuracy of its data, which is crucial for the real estate industry.

In response to the allegations, a CRE Matrix spokesperson expressed disappointment and denied any wrongdoing. The spokesperson stated, “We are saddened to see such ludicrous and malicious actions by a competitor. We have been in the business of data transparency and have been operating in the residential real estate analytics space since 2018. We have consistently published research reports on the residential sector from 2019 onwards, which are publicly available.”

CRE Matrix further emphasized its commitment to ethical business practices and the quality of its data. The company stated, “We completely oppose such empty actions primarily driven by desperation as they have been outpaced by the quality of our data and analytics. We will take appropriate legal recourse against such malicious actions to ensure that our competitors adhere to healthier business practices.”

The legal battle between PropEquity and CRE Matrix highlights the importance of data integrity and the competitive nature of the real estate analytics industry. Both companies are leaders in their field, and the outcome of this lawsuit could have significant implications for the industry as a whole.

The Delhi High Court will now have to determine the validity of PropEquity’s claims and the extent of any potential damages. The case is expected to draw attention from other industry players and stakeholders who are invested in the accuracy and reliability of real estate data.

As the legal proceedings unfold, the real estate industry will be watching closely to see how this dispute is resolved. The outcome could set a precedent for how data theft and intellectual property rights are handled in the future, potentially influencing the way companies operate and protect their data.