"Growth in housing sales both in volume and value terms augurs well for the overall economy as more than 200 ancillary industries, including cement and steel, are dependent on the real estate sector,” said Vikas Wadhawan, Group CFO, REA India. PropTiger.com data showed that housing sales grew by 41 per cent to 1,20,640 units in the first quarter of this calendar year from 85,840 units in the corresponding period of the previous year.
Proptech firm REA India, which owns Housing.com and PropTiger, is not actively seeking acquisitions for further growth but is open to evaluating opportunities that complement the business or help secure new technologies. The company will focus on consolidating its real estate classified platform Housing.com and residential brokerage portal PropTiger.com.
Housing.com has made an undisclosed investment in Easiloan, a fintech startup specializing in digitizing the home loan process. Easiloan, founded in 2021, offers personalized home loan solutions through partnerships with over 20 banks in India. The investment capitalizes on the growing home loan market, with an estimated 16% growth in the home loan portfolio from December 2021 to December 2022.
REA India, which is a subsidiary of Australia s REA Group, is a full-stack real estate technology firm and it owns three real estate portals Housing.com, PropTiger and Makaan.com.
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