Realty portal Housing.com will hire about 200 people this fiscal to strengthen its team, besides investing in technology as well as brand promotion to become the clear market leader, its CEO Dhruv Agarwala said. REA India, part of Australia’s REA Group and US-based News Corp, owns three real estate portals — Housing.com, PropTiger and Makaan.com.
In an interview with PTI, Agarwala highlighted that the turnover of REA India rose 92 per cent during 2021-22 fiscal (July-June) to nearly Rs 300 crore. Housing.com — one of the leading real estate classified platforms in India — contributed around 80 per cent to the total revenue, and housing brokerage platform PropTiger.com the balance 20 per cent. Makaan.com’s revenue was negligible.
REA India will continue to invest in technology, brand promotion and talent acquisition to grow Housing com business. It has already announced Rs 40 crore investment in FY’23 for Housing.com and could raise it further looking at competitors. At present, Agarwala said the company has around 1,500 staffers.
We have plans to get to around 1,700 people by the end of FY’23. So we are hiring. We have clear ambitions of making Housing.com the clear market leader. We have already achieved audience leadership. We crossed our closest competitor in terms of revenue for the quarter ended June," he said. Housing.com would primarily be hiring for the product, tech and design teams.
On the financial performance in FY’22, Agarwala said: "Last (fiscal) year was a very good year for us. We grew our total revenue by 92 per cent and for the first time, on Housing.com, we achieved market leadership in October 2021 and that leadership position has continued."
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