“By acquiring Flat.to we will now be able to cater to a new segment of the property market – students and bachelors. This is a large segment in the online real estate space with a unique set of needs and requires a different focus.” – Sumit Jain, Co-founder and CEO, CommonFloor.com
“CommonFloor’s experience in the real estate market and guidance will help take the company to the next level and we look forward to working with Sumit and team.”- Gaurav Munjal, Co-founder and CEO, Flat.to
Flat.to, which operates in cities with high student population like Mumbai, Delhi, Pune, Bangalore, Kota and Jaipur, has recently launched a feature that highlights broker-free listings.
CommonFloor.com, India’s number 1 real estate portal, launched by trio Sumit Jain, Lalit Mangal and Vikas Malpani in 2007. CommonFloor.com has over 2.5 lakh property listings and over one lakh projects from 120 cities. From searching for an apartment to facilitating interactions within an apartment community (now known as CommonFloor Groups), CommonFloor.com connects people to relevant service providers.
Flat.to was founded by Gaurav Munjal, 23, who was previously a software developer at Directi, an internet domain name registrar company. Flat.to, which has a 15-member team, will use CommonFloor’s finance, human resources and other similar back end functions, will continue to operate as an independent site.