REA India FY24 results: Revenue up 31% at Rs 563 cr on strong demand

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PropTech startup REA India, which owns Housing.com platform, clocked a revenue of Rs 563 crore, up 31 per cent in the last fiscal ended June, helped by strong demand of residential properties, its CEO Dhruv Agarwala said.

He noted that the revenue of advertising platform Housing.com and property brokerage arm PropTiger increased by 25 per cent to 68 million australian dollar (AUD) from AUD 55 million.

Commenting on the performance of last fiscal, Agarwala said the company's revenue grew 31 per cent to Rs 563 crore in 2023-24 fiscal (July-June), from Rs 430 crore in the preceding year.

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Article Details

Category: BusinessFinance

Markets: IndiaAustralia

Topics: Housing brokerage Housing.com PropTiger.com REA Parent firm Revenue holdings

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 16:16:18 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22030487

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