CommonFloor Retina Virtual Reality for consumers in Real Estate

CF retina_1

CommonFloor.com, India’s leading online real estate platform introduces CommonFloor Retina. It allows property buyers to experience both the interiors and exteriors of the property in an interesting manner. To use CommonFloor Retina, a user simply needs to sport the headgear to experience virtual tour of the property of his/her choice. The simple magnet on the headgear acts as a navigation tool. The App also saves the builders the cost and space to construct a model apartment.

Commenting on the launch of the biggest technological innovations witnessed by the real estate world, Sumit Jain, Co-founder & CEO, CommonFloor.com, said, “As a new-age online realty player, technology and innovation are part of our core DNA. Property buying demands huge time and financial investment by the buyer and it is our constant endeavour to create tools and technology that makes property search easy for the consumer and gives them a wow experience. CommonFloor Retina is a result of one such quest that adapts technology smartly to the consumer’s advantage.”

Lalit Mangal, Co-founder and CTO, CommonFloor.com said, “We believe in making strategic investments in building cutting edge technology. This product is pegged to be a game changer in the real estate industry in India and globally. We will work closely with the builder community to scale-up the number of projects listed, thereby helping property buyers to choose from as many projects that may want to visit.”

http://www.commonfloor.com/retina: Register here to win a virtual reality headset*

The app offers a real-time property experience for the seekers allowing them to view/review/assess multiple properties from anywhere at any point of time. The app works on the Android platform.

https://play.google.com/store/search?q=commonfloorretina&c=apps

Source:http://blog.commonfloor.com/commonfloor-introduces-virtual-reality-for-consumers-in-real-estate-commonfloor-retina

http://www.commonfloor.com/retina

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Indian real estate search engine CommonFloor gets $10.4m in series D funding

investment

CommonFloor.com, India’s largest real estate site and ranked as India’s No.1 real estate portal in the unique visitors classification as per ComScore data for November 2013, gets beneficiary of Rs 64 crore ($10.5 million) in series D funding.

Accel has been an investor in CommonFloor since 2009 and in 2012 teamed with Tiger Global. Both firms provided $7.5m of Series C funding to the business last summer.

CommonFloor.com’s revenue has been growing by more than 100% every quarter for more than a year now. The company is on track to achieve its goal of a turnover of $25 million in the next two years.

CommonFloor.com, launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, is now India’s No.1 real estate portal and has 1.8 lakh active property listing across 120 cities. It also offers a map-based property search service. Its Android app, which was launched in March 2013 has seen over 50,000 downloads till now.

A 2013 article reports CommonFloor, founded in 2007, is an Rs 10-crore business which translates to $1.6 million dollars.

techcrunch.com reports-

The new capital will be used to expand beyond property listings and offer information on related products, including home decor etc., the startup said in a statement. The latest funding brings the total money raised by CommonFloor to around $17.9 million. 

“We have seen phenomenal growth in the past 2 years on every possible parameter – be it financials, visitors, advertisers or engagement. In fact, our topline has continued to grow by over 100% quarter on quarter since last year,” said Sumit Jain, co-founder of CommonFloor.

News Source:
http://www.pr.com/press-release/535439
http://www.techinasia.com/india-property-portal-commonfloor-gets-series-d-funding/
http://www.altassets.net/private-equity-news/by-news-type/deal-news/accel-tiger-global-keep-capital-coming-for-indian-real-estate-search-engine-commonfloor.html
http://blog.commonfloor.com/sumit-jain-shares-his-views-on-the-latest-round-of-commonfloor-coms-funding-with-economic-times
http://www.redherring.com/finance/bluebox-security-secures-18m-funding-investment-round-up-2/

Image Source:http://webappstech.com/farmkings/investment-plan.html