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REA India, the company behind platforms like Housing.com and Makaan.com, has reported a strong financial year, with revenue growing by 25% to INR 711 crore for the fiscal year ending June 2025. The company also significantly reduced its EBITDA loss, signaling a clear path towards profitability. This performance is driven by the company's decision to move away from the full-stack real estate model. REA India's recent divestment of its housing brokerage arm, PropTiger, to Aurum PropTech for INR 86.45 crore, will allow it to focus on scaling its core technology platforms. The move aims to capitalize on the sustained demand for residential properties and solidify its position in the rapidly evolving Indian real estate technology market.
REA India, a prominent real estate technology company that operates platforms like Housing.com, announced a 25% surge in its revenue for the fiscal year ending June 2025, reaching INR 711 crore. The growth comes amid a robust residential property market in India and coincides with a major strategic shift for the company, which has decided to divest its housing brokerage arm, PropTiger. The move signals REA India's clear intention to prioritize its core technology and listings business to accelerate its path to profitability. Advertisement
The company's financial results reveal a significant improvement in its bottom line as well. The EBITDA loss for the fiscal year was reduced to AUD 28.4 million from AUD 35.8 million in the previous year. This improved efficiency is a direct result of the company's renewed focus on its online classifieds and technology platforms. The divestment of the transaction-heavy brokerage business will allow REA India to dedicate resources to improving its digital user experience, from refining listing accuracy to enhancing the discovery and decision-making process for homebuyers.
REA India's strategic pivot has also seen a change in leadership. In April, Dhruv Agarwala, who had led the company for years, stepped down, and Praveen Sharma was appointed as the new CEO. Sharma's leadership is focused on leveraging technology to solve real-world challenges for consumers. In the last fiscal year, the company recorded a 19% increase in app traffic and a 58% rise in verified listings, a testament to its efforts in improving platform quality.
The broader context for this strategic change is the sustained boom in the Indian real estate sector, particularly in residential properties. With demand remaining high, REA India is positioning itself to be a technology-first company that guides consumers through their home-buying journey rather than a full-stack provider that handles transactions. The divestment of PropTiger, which was acquired by Aurum PropTech for INR 86.45 crore, allows REA India to streamline its operations, strengthen its presence in Tier-2 cities, and invest in innovations that create long-term value for its core business.
Source- PTI
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