REA India's Revenue Soars by 31% on Strong Demand for Residential Properties

REA India, owning platforms like Housing.com and PropTiger, reported a 31% revenue jump to Rs 563 crore for the fiscal year ending June. CEO Dhruv Agarwala attributed the growth to strong demand for residential properties, innovative strategies, and rising prominence in Tier-2 cities.

REA India, the parent company of Housing.com and PropTiger, experienced a remarkable 31% increase in revenue to Rs 563 crore for the fiscal year ending June, as confirmed by CEO Dhruv Agarwala. The surge was driven by robust demand for residential properties.

As part of Australia's publicly listed REA Group, REA India is a comprehensive real estate technology firm. It boasts three main platforms: Housing.com, PropTiger, and Makaan.com. The company's previous revenue was Rs 430 crore in the 2022-23 fiscal year.

Agarwala attributed this growth to a series of successful online events and innovative products targeting both customers and home seekers. He noted a significant uptick in Tier-2 cities' market dynamics and a 45% rise in app traffic, driven by their app-first strategy. This strategy has significantly enhanced consumer engagement and personalized services.