CommonFloor.com Becomes the No. 1 Real Estate Portal in India

January 3, 2014January 26, 2014 BusinessWire India 0 Comment BusinessWire, CommonFloor, Indian Startups, Real Estate

CommonFloor.com has been ranked as India’s No.1 real estate portal in the unique visitors classification as per ComScore
data for November 2013. The number of unique visitors from India has grown by over 51% compared to October 2013. The company that began its operations in 2007 with the apartment management solution ventured into the real estate listings market in 2009 and has steadily grown to become one of the most preferred real estate portals in the country. CommonFloor.com has been funded by Accel India and Tiger Global.

Currently Commonfloor.com has 1.8 lakh active listing across 120 cities. The number of active listings has grown by 55% in the past six months.

Commenting on the development Sumit Jain, Co-founder & CEO, CommonFloor.com said,

“We are thankful to our users for this great honour, it goes on to show that our innovative approach to property search and research is in line with what end consumers have been looking for. Reaching the top position will motivate us to continue with our endeavor of simplifying property decisions. We will continue to focus on delivering the most relevant and credible results to our users in a clear and concise format over mobile and internet. At the same time, we will continue to grow our footprint across gated communities in India across Tier 1 and Tier 2 cities thereby generating more and more value for the entire real estate value chain.”

With over 5,000 paying customers that include top-of-the-line builders, brokers and other property agencies, CommonFloor.com’s revenue has been growing by more than 100% every quarter for more than a year now. The company is on track to achieve its goal of a turnover of $25 million in the next two years. The company has also expanded its geographic footprint across the country at a rapid pace with opening of several new offices in various cities.

CommonFloor.com also launched its mobile app for iPhone users in October and will soon come out with its app for Windows. Its Android app, which was launched in March has seen over 50,000 downloads till now.

The company’s current workforce stands at 600, out of which over 260 have joined in the past 6 months. The company has recruited talent from leading institutes like IITs, IIMs and ISB along with lateral talent from companies like Google. The company also intends to add 200 more to its workforce by the first quarter of 2014.

About CommonFloor.com:

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com, is an innovative online service that combines property search, apartment management and vendor management thereby catering to a person’s complete residential requirements.

From property search to facilitating interactions within an apartment community on the ‘CommonFloor’ platform; from extensive research material to connecting service seekers to relevant service providers, the portal has dedicated itself to fulfill all aspects of consumers’ needs around their home.

CommonFloor.com currently has over 75,000 communities listed with it. The company has been funded by Accel India and Tiger Global. To know more about CommonFloor.com, please visit: http://www.commonfloor.com