Business Standard, one of the leading national business daily, featured Commonfloor.com in the âStartup Cornerâ section of their newspaper dated 20th May 2013.
Online PR News – 03-June-2013 – Bangalore, karnataka, India – The article titled âBuilding bridges between neighboursâ talks about the core idea and concept behind Commonfloor.com.
The article read that, Commonfloor.com runs Rs 10-crore business, with about 60,000 housing societies on its apartment management platform. Its revenues rose five-fold compared with Rs 2 crore in 2011-12. CommonFloor.com has morphed into one of the fastest growing property portals in the country, facilitating buying, selling and renting of properties, a segment that accounts for almost all the companyâs revenue.
When asked about the companyâs unique revenue model, Sumit said, âThis is akin to the Google model, in which the platform is free for the end-user (property owners), while the business customer pays for the services.â
The article also spoke about the companyâs online apartment community and accounting services, in which it provides members regular updates on maintenance, track payment dues and complaints. Members can search for a plumber, carpenter or maid; create subgroups based on shared interests such as gardening, car pool or yoga.
Members keep themselves updated through email and SMS alerts, while a mobile app keeps neighbours connected on the go. The platform also helps resident welfare associations manage their expenses and accounts online.
Visit blog.commonfloor.com to read the full article.
Commonfloor.com is an online ecosystem for home buyers, sellers and real estate professionals that helps users make better, more informed decisions on real estate.Launched in 2007, CommonFloor.com combines property search, apartment management, and vendor management - envisioned to cater to a personâs complete residential requirements. From searching for an apartment to facilitating interactions within an apartment community on the âcommonfloorâ platform, the portal is dedicated to meeting all aspects of consumersâ needs around their home. With its presence in more than 120 cities and over 60,000 community listings, constituting more than 50 lakh homes, Commonfloor.com now leads the online real estate portal space.