HOUSING.COM SETS A GLOBAL RECORD WITH ONE MILLION VERIFIED LISTINGS

Mumbai, 12 August, 2015: Housing.com, India’s most innovative real estate platform today achieved a new milestone having crossed 1 million verified property listings in the Rent and Resale sections since its inception. With this milestone, Housing.com becomes the only online real estate platform globally to achieve such a huge feat within a short span of three years.

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Growing at a compounded rate of 31% between Jan to June 2015, Housing.com has successfully verified and housing 2collected over 100 crore square feet of area across the country equal to over 13,000 full sized soccer fields in less than 3 years, of which over 50% has been collected in the last 6 months.

Commenting on the milestone, Rishabh Gupta, iCEO and COO, Housing.com said, “Creating new milestones and striving for excellence defines Housing.com. Achieving the ambitious target of 1 million verified listings in three years stands testimony to our CORE promise of solving the real estate problem in India.  We are proud that our vision and technology platform has found resonance with our consumers, developers and agents and successfully set industry benchmarks.”

 

 

Housing.com follows a rigorous data collection and quality process to ensure verification of listings. Once the data is collected, each listing passed through Housing.com’s Data Science Lab. The company established the industry’s first ever Data Science Lab (DSL), is a reservoir of impactful data, comprising of a team of data scientists who study demand and supply of the property markets of different cities, to create algorithms and simple graphic representation for the same. Backed by DSL, Housing.com undertakes constant market analysis and research.

 

 

 

About Housing.com

Housing.com is India’s most innovative real estate platform. Born out of its founders’ own struggle to find a flat in an industry that is notoriously opaque, it is the only player in the online real estate space that independently verifies every property that it lists. Within two years of its founding, the company expanded from its original Rent and Resale proposition to include PGs and Hostels, Serviced Apartments, Land, Plot Projects, and New Projects. The data captured by the In-house Data Collection Team allows their Data Sciences Lab to provide users with unique information including child-friendliness index, quality of life, and others. The design teams create high-quality renderings of the properties under construction, including 3D isometric views. Along with other features like 360 degree Aerial views of sites, Housing.com helps users make informed decisions. Housing.com now has more than 2551 employees in over 100 cities across India.

 

For more information, visit www.housing.com