CommonFloor celebrates its Foundation Day!

It was April 17th, 2008 when 3 friends decided to bring in a revolutionary change in the field of online real estate industry and founded CommonFloor. Their fierce desire to win haven’t changed till today as the company hosted the quarterly town hall meeting – ‘Involve, Interact, Inspire’ for the employees.

REA_1348The meeting held at ‘The Leela Palace’ in Bangalore was also the occasion to celebrate the 7th anniversary of CommonFloor Foundation Day.The evening began with the interesting story on how it all started in the year 2007-2008, some untold facts with a pinch of drama too. The new bold vision of CommonFloor was also unveiled to the team.

REA_1383The key business, organization and people update of Jan, Feb, and Mar was presented to the team by the co-founders. It was also the occasion to felicitate employees completing 5 years of service in recognition of their commitment and dedicated service to the organization.

REA_1570It was indeed an event where the team CommonFloor involved, interacted and got inspired with the messages shared by the co-founders.

CommonFloor organized its second Hackathon – HackAttack for 3 days!

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CommonFloor.com organized its second Hackathon – ‘HackAttack’ from March 26 to 28, 2015. This surely was a one of a kind three-day Hackathon, and yes, it gathered an overwhelming response! We had more than 60 registrations and best 26 enthusiastic teams comprising of a mix of techies, marketeers,designers battled it out to solve the real world business problems with their innovative ideas.

The hacks were to be presented around themes like Internal productivity, Invent, 3rd Part Data/Crowdsourcing, Re-imagine, Wearables/Internet of Things, Whacky and Super hack which were being judged by external judges Amod Malviya, CTO, Flipkart and Alok Goel, CEO Freecharge. The internal judges included Sumit Jain, Co-Founder & CEO, Lalit Mangal, Co-Founder & CTO, Chandrashekhar Vattikuti, VP Product and Parveen Kumar, VP Engineering.

To win a trip to New York with the co-founders, the teams had to impress the judges and make them say ‘Super Hack’ which was done by the team that built the hack ‘We are without Glasses’. The best hack team in each theme won INR 50,000 each.

Watch the video to know more about the hackathon.

Hack Attack is a platform to unleash creativity in the employees and deliver innovative ideas that could help us make better offerings to our consumers.

Home….We all know that feeling!

Don’t you agree that home is that special, warm haven where you can completely be yourself? It’s the place where you can find that perfect balance of all emotions. Home symbolizes happiness, peace and that feeling of belongingness. Home for one can be person, a place or simply a corner while the people in it make your house a home.

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He is the happiest, be he king or peasant, who finds peace in his home – Goethe

your home-02 There is nothing like staying at home for real comfort.- Jane Austen 

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It takes hands to build a house, but only hearts can build a home.

your home-04Home is a place you grow up wanting to leave, and grow old wanting to get back to. – John Ed Pearce

your home-05Home is where the heart is.. Don’t we all agree!

Sumit Jain is one of the top entrepreneurs in Asia, says The Asian Entrepreneur Magazine

Sumit-Jain

Sumit Jain, CEO and CoFounder at CommonFloor.com takes us through his journey to build CommonFloor in his interview to The Asian Entrepreneur (TAE) magazine. TAE is an international business monthly publication that documents leading developments in business industries across Asia. The magazine focuses on the Asian start up ecosystem by interviewing business individuals and entrepreneurs operating in Asia. Don’t miss the tips and advice that he offers to the aspiring entrepreneurs.

In your own words what is CommonFloor.com?

In simplistic terms, CommonFloor is ‘the answer’ to all your property related queries. CommonFloor.com, is India’s leading real estate platform that combines property search, apartment management and vendor management and caters to a person’s complete residential requirements.
From searching for an apartment to facilitating interactions within an apartment community on the ‘CommonFloor’ platform, to connecting one to relevant service providers, the platform is dedicated to meeting all aspects of consumers’ needs around their home. With over 5 lakh active property listings from over 200 cities, it has over 1 lakh residential projects listed with it. CommonFloor.com has been funded by Accel Partners, Tiger Global and Google Capital.

How did you come up with the idea of CommonFloor.com?

The sole aim behind the inception of CommonFloor was to provide property seekers with a platform where they don’t have to use just the traditional ways of finding a property and making the online house hunting much simpler and hassle-free. The idea is to help property seekers reduce the time spent looking for properties that match their requirements and help them make effective decision with the best deals available.

Could you walk us through the process of starting up CommonFloor.com?

It all started when we (the three co-founders of CommonFloor.com – Sumit Jain, Lalit Mangal & Vikas Malpani) came to Bangalore in 2007. Initially, the three of us individually faced lot of challenges in finding the right accommodation. Finally when we did find something, a host of other issues began coming up. One of the biggest problems the apartment complex we were living in was facing was a major sewage blockage. This issue wasn’t getting resolved since very few residents knew each other or had any sort of co-ordination amongst themselves.

Privy to these problems, the three of us decided to create a way to bring people on a common floor or a single platform and hence the idea for CommonFloor.com was born. It was a challenge initially to get communities on board and we had to come up with several iterations to get the product right. We also had to keep the product flexible enough to accommodate different priorities of different communities while still ensuring a good user experience for all. The real confidence came when the communities that adopted us in the beginning started to see real value in our product, appreciated our efforts and even partnered with us in improving it. That is when we started believing that CommonFloor.com will work.

Did you encounter any particular difficulties during start-up and if so, how did you guys overcome it?

Our focus has always been on empowering people to realize their property dreams. We aim at providing users with the latest technology giving them a thorough analysis of the property which will eventually help them make an efficient decision. When you are starting off, there are a set of challenges that needs to be taken care of. Creating a brand from the scratch is a time-consuming process and sustaining it, nurturing it is a different challenge altogether. Of course, you need to get like-minded and passionate employees which is another challenge. I am proud to inform you that, today, we have built a great team of over 1000 employees and our constant endeavour is to get the best of talent work with us.

How have you been developing CommonFloor.com since start-up?

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.

CommonFloor Retina is the world’s first virtual reality innovation in real estate that is available to the masses. This technological breakthrough offers ‘real’ property experience for the seekers allowing them to view/review/assess multiple properties from anywhere at any point of time.

Being a technology-driven company, we always have thrived to help property seekers reduce the time spent looking for properties that match their requirements and help them make effective decision with the best deals available.
As amazing as it sounds, today, property seekers can get a look and feel of a property even before it is constructed and that too from the comfort of their own home.

What kind of feedback did you get for CommonFloor.com so far?

The fact that we are backed by the best in the industry is a testimony of the fact that we must be doing something and is an assurance that we are moving in the right direction. Our technology-driven approach helps us to lead the online real-estate sector in its journey to further enhance user experience. We have increased our revenue by 100% in last six months and have 7 million visits every month. We, already, have mapped 10 million homes and certainly aspire to have every single available property listed on our portal. Our team strength has grown from 3, when we started in 2007 to 180 in 2012 to over 1000 this fiscal year so far. This team is constantly working to equip the users with the right knowledge and innovative tools that help them trust us and make us their preferred real estate portal.

Read the complete article here

Sumit Jain spoke to ET NOW Brand Equity team on the recent policy change by YouTube

Sumit Jain, CEO and Co-Founder spoke to ET NOW Brand Equity team on his point of view on the recent policy change by YouTube with regards to the ad revenue for digital content creators. YouTube is clamping down on video creators who work directly with brands, asking them instead to rely on Google’s sales team for deals. Google wants YouTube partners to only use Google ads in their video.

Alexa ranks CommonFloor as numero uno website in terms of traffic!

Recently, CommonFloor.com beat 99acres and magicbricks, the bigger players and the closest competitors in terms of traffic.

The other players are not even close. The numbers below speak for themselves.

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From being only the second Indian company to receive funding from Google Capital to introducing CommonFloor Retina, world’s first virtual reality innovation in real estate for the consumers to bagging YouTube’s ‘Best Brand and Creator Collaboration 2014′ award, CommonFloor surely is on the right track and pace to the most preferred online real estate platform in India.

Introducing Live-in Tours: Live Your Home Through Your Mobile

Live-In Tours

A few months back we were in discussion with Ramesh, a property agent in Pune. He told us a story about a couple who wanted to purchase a 2BHK in Nigdi. Ramesh had taken them to a couple of upcoming projects and showed them the master layout and the floor plans of apartments that were available for sale. Towards the end, the husband asked, “Ramesh, can you show us a model flat please? We are not able to get a ‘feel’ of these apartments.” Unfortunately, that project did not have a model flat for them to see.

The need to have a ‘feel’ of a property is not unique to the couple. Many property seekers that we have spoken to express their inability to visualize what their home would be like just by going through the floor plans with numeric dimensions.

We believe that the lack of availability of a model flat or the lack of time to physically visit one should not become limiting factors in anyone’s property buying experience. So, we created Live-in Tour: A 360 degree view of fully furnished apartment interiors for properties under construction. One can explore the entire house and can even understand how best to furnish and stylize their interiors after purchase !

The reason they are so cool, is that without them there is no other way for you to visualize a home that is still under construction (Except in-case where there are model flats which are available only for 4% of Projects, 96% of the projects don’t have Model flats).

Live-in Tours are available for more than 1000  projects under construction across 10 metros and mini-metros in India. Since these are projects under construction, we have rendered the interiors and the furnishings ourselves based on simple floor plans so that you can get a feel of how they would look when ready. And thats why we call them Live-in Tour ‘Render’. You can access them on the CommonFloor Website as well as through the CommonFloor Mobile app.

The images used in these Live In Tour Renders are the same detailed 360 degree images that also empower CommonFloor Retina experience. Very soon we will also be launching Live-in Tour ‘Actual’ for homes that are completed.

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To access Live-in Tours from your mobile, open the CommonFloor app. Apartments with Live-in Tours have the 3D symbol on it. Tap the symbol. A 3D model of the apartment appears.

The floor plan of the apartment is available on the top-left corner of the screen. The video cameras in the floor plan indicate the different vantage points to view the apartment. Normally, each room in an apartment has a vantage point, some rooms even have two. Tap one of the cameras to move into that room and then swipe away to view the interiors.

Download the CommonFloor app. Live your home before you purchase it. All from the comfort of your mobile phone.

Author: Kirthiga Sridhar, Product Manager

Google awards CommonFloor & TVF as ‘Best Brand and Creator Collaboration 2014’

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Bangalore/Mumbai, March 20, 2015: Permanent Roommates, an online fiction-series by The Viral Fever (TVF) Media Labs in association with CommonFloor.com, India’s leading online real estate platform has been conferred with the title ‘Best Brand and Creator Collaboration 2014’ by Google.

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Sumit Jain, Co-Founder & CEO, CommonFloor.com, received the award from Rajan Anandan, Managing Director, Google India and Southeast Asia & Ajay Vidyasagar, Director, YouTube Partnerships today at the YT Pulse and YT FanFest in Mumbai.

Every year, Google honours some of the best online video content and collaborations globally and this is the first Indian edition of these awards.

Sumit Jain, Co-Founder & CEO, CommonFloor.com said, “We feel humbled to have received this recognition for Permanent Roommates by Google India. The award is a great testimonial  of our constant quest for innovation and is a revolutionary step in marketing within the industry.”

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Permanent Roommates was a unique initiative by CommonFloor and TVF to introduce a new genre of content that people would enjoy and hence drive engagement and conversations with their end consumers, reflecting the customer centric approach of CommonFloor.

To watch this series, please visit:  https://www.youtube.com/watch?v=6LedYr5tQUs

About CommonFloor.com

Launched in 2007 by Sumit Jain, Lalit Mangal and Vikas Malpani, CommonFloor.com, is India’s leading real estate platform that combines property search, apartment management and vendor management and caters to a person’s complete residential requirements.

From searching for an apartment to facilitating interactions within an apartment community on the ‘CommonFloor’ platform, to connecting one to relevant service providers, the platform is dedicated to meeting all aspects of consumers’ needs around their home. With over 5 lakh active property listings from over 200 cities, it has over 1 lakh residential projects listed with it. CommonFloor.com has been funded by Accel Partners, Tiger Global and Google Capital.

To know more about CommonFloor.com, please visit: http://www.commonfloor.com

For more information, please contact:

Perfect Relations

Sindhu Rajasekharan | +91 9916103530 | sindhur@perfectrelations.com

Akash Thakur | +91 7760118507 | athakur@perfectrelations.com

Sumit Jain, Co-Founder and CEO,Commonfloor.com featured in Fortune 40 under 40 list

sumitFortune India, the business magazine for the elite named Sumit Jain, Co Founder and CEO at CommonFloor.com in the list of 40 under 40 that captures leaders making waves in Indian business. This is a testimony to his leadership that has led CommonFloor.com to become “India’s third-largest property search portal.”

Read the complete article here