Housing.com will focus on rental listings in 2017
Housing.com was founded in 2012 by 12 students from the Indian Institute of Technology and experienced a state of flux after nine of the founders left and the CEO was replaced.
The portal's current CEO Jason Kothari said the decision to move away from rentals was a decision based on infrastructure.
“We have gone from 1.3 million visits to 4.1 million visits per month (since last year), making us the most popular platform in the country from a consumer standpoint point. Our listings have gone from 110,000 to over 600,000, making us the largest platform from a seller or supply stand point in the country as well; revenue has gone up by 400%, so that focus has yielded exceptional returns and now it is time to use that strong foundation to expand.” explained Kothari.