Property search website CommonFloor.com has been ranked as India’s leading real estate portal in
the unique visitors classification, as per ComScore data available.
The website has achieved 51 per cent growth in the number of unique visitors from India in the month of November 2013. The company that began its operations in 2007
with the apartment management solution, has 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.
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, according to a media release.
Commenting on the development Sumit Jain, Co-founder & CEO, CommonFloor.com said, “It shows 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 six 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:
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.
Commenting on the development Sumit Jain, Co-founder & CEO, CommonFloor.com said, “It shows 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 six 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:
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.
Very nice blog.....
ReplyDeletePropertyAtDoorStep.com