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Started from a garage in 2007, till date it has served over 28,000 communities comprising of over 2,500,000 houses and has maintained its presence across 105 cities in India.

The one stop portal was founded by Sumit Jain, Lalit Mangal and Vikas Malpani with the main motive of providing residential requirements to the prospective buyers, helping in searching for an apartment, assisting interactions within residential communities and other owners and linking people to appropriate and relevant service providers via vendor connect.

Also, the founders felt that a transparent and trusted platform is needed to connect apartment owners as there is a lack of proper communication between the buyers and the owners leading to failed real estate deal.

Sunit Jain and Lalit Mangal are Computer Science graduates from IIT Roorkee and have past work experience at Oracle India. Vikas Malpani is a Computer Science Graduate from JSSATE, Bangalore and has previously worked for SAP Labs India. He was also one of the top 20 innovators in the country recognized by “MIT Technology Review India magazine”.

Commonfloor.com, apart from providing apartments also assists in managing accounts for communities and discussing their issues online with the apartment management software and provides significant information on tax and property law.

“One day there was a sewage issue at the apartment Sumit and Lalit were staying. Most of the residents came down and that is when they realized that one of their old friend stays in the same apartment. This is becoming a common phenomenon. We hardly have any interaction with our neighbors. CommonFloor was started with the aim to solve this problem,” said Vikas.

Hunting for a house midst dealing with real estate agents, middlemen is one of the toughest task in today’s world!

One has to go through a roller coaster ride to find a good apartment which has all favorable facilities and amenities.

You can get transparency in all these real estate dealings only when you use a realty portal “Commonfloor”. Yes, Commonfloor.com is such online portal serving more than thousands of gated communities across India.

Commonfloor.com founded by Vikas Malpani, Sumit Jain and Lalit Mangal paves way for ultimate transparent information in concern with the aspects of real estate market.

One of the co-founders of Commonfloor.com, Vikas says that in Indian society one hardly interacts with neighbors, meanwhile Commonfloor was started to solve this problem.

Being batch mates at IIT Roorkee the co-founders Lalit and Sumit had worked at Oracle for a year till year 2007. Also, Vikas has an experience of working with SAP Labs as a computer engineer.

With the efforted foundation laid down by these three entrepreneurs, today Commonfloor.com has grown big to a strong team of 80 wherein all are giving their best to make sure apartment or community living a peaceful one!

Commonfloor is solely marketing channel for real estate developers, property agents, service providers to offer their best services to the specific apartment audience. Also, this is the best platform for advertising services.

These are the services Commonfloor.com is providing having around 28,000 communities listed on site across 105 cities. The year 2009 was a great time for this startup when Accel Partners invested in CommonFloor.com.

The portal has bagged awards such as “Best website for housing sector-2011” and “One of the top 20 innovators in the country recognized by MIT Technology Review India magazine” Commonfloor.com has also attracted some interest from the international market.

Vikas Malpani, Co-founder of CommonFloor.com commented on a recent story featured in Deccan Herald following the Budget 2012-13.

March 22 2012, Budget impact

The Budget has given a boost to the affordable housing sector. Real estate companies developing large affordable housing projects with large fund requirements will benefit the most from the easing of external commercial borrowing (ECB) norms …… “Adds Malpani, Co-founder and Head – Marketing & Communities – CommonFloor.com, “This will result in increase in price but will bring down the unaccounted transactions involved in the industry.” ………….

This year budget has brought great hopes for those builders who were indulged in developing affordable homes.

As per the current external commercial borrowing (ECB) norms, interest rates will be charged less in case of loan taken from foreign financial institutions than domestic ones.

Also loans have been made cheaper for affordable homes’ buyer by extending the interest subvention of 1% for another year on housing loans up to Rs 15 lakh, on the cost of the house which does not exceed Rs 25 lakh.

One disadvantage would be the increase in service tax from 10% to 12% this year.

CREDAI source said the TDS applied on transaction of a property will also increase the cost of buying a property.

Complete news

The online platform is the only happening trend which can get any amount of information at your finger tips. It is no more difficult for you to find out a house or an apartment, neighborhood issues or may it be facilities at the apartment complex.

The real estate websites and portals offering rent-in and rent-out options is right now the talk of the hour. There are many platforms which provide similar information with community based. However, who gives better and organized real estate platform is what the individuals will look out for! One such similar real estate portal is CommonFloor.com

Commonfloor is one stop platform for residents, property buyers, property managers, service providers, real estate agents connecting each other through technology.

Neighborhood favoring issues such as discussing about transport with other residents, location, budget discussions and many such can be discussed on this platform. Also, this realty platform has been very helpful for the people who stay in abroad and wish to purchase property back in India for their parents.

Today the technology has improved so much that one can send an SMS or e-mail in concern with neighborhood issues using an online platform. Similar kind of services was much into use in tier-one cities, similarly the same services is pave way for huge benefits in tier-two cities too!

Its a moment of pride and honor as your beloved portal CommonFloor gets the prestigious award for web Innovation.

Vikas Malpani, Co-Founder of CommonFloor.com has been chosen by MIT Technology Review magazine India for TR35 Awards 2012 in Web Innovators category.

CommonFloor is world’s first portal to cater to all the residential needs of a home buyer: Buying, selling, renting, connecting to owners and running your apartment community online with service providers for all your home needs at a click of a button.

Some of the previous award winners have been Sergey Brin(Google), Mark Zuckerberg(Facebook), Kevin Rose(Digg),Pranav Mistry and some of the most respected web entrepreneurs.

I thank all of you : Commonfloor users, Community Admins/Moderators, Societies/Apartments registered on CF, employees, friends and well wishers of CF for all your support and encouragement which has made this possible for us.

I dedicate this award to every individual user of CF and the team who has worked effortlessly to solve the problems of one of the basic needs of society- “Food, Clothes & Home“.

Cheers!!

Vikas

Some of the media coverages:

CommonFloor, India’s largest real estate online portal wishes you a Happy New Year and brings to you another set of new features for easy handling and better experience. What better way to start 2012 than with user friendly and technologically advanced features on CommonFloor!

We have so many things in pipeline for 2012 for better real estate services and apartment management. The features just get better and better each day of the year keeping in mind the need of home seekers and apartment owners.

Some of the features like enhanced accounting for the community moderators, new User Interface for better usability & navigational flow and unrestricted SMS sending to the previously unavailable DND mobile numbers are just the start. There are lots more which will get added to the list and will equal all the features you love and so much more.

Let’s have a look at the year 2011, how it was and what has improved since your last visit:

Starting with January, as a New Year gift for 2011, the team worked hard to bring you a new face of CommonFloor.com. It posed a fresh, smooth and younger look as never before. We had already empowered 22,000 Apartment communities in 100 cities in India with an aim of providing value to Apartment Seekers, Apartment Owners & Residents and Apartment Association Members.

We also had launched “universal search” for your private portal for searching Notices, Discussions, Polls, Events, Articles, Stories, Classifieds, Property, and Handbook – Quick contacts, Residents Directory and many more.

In February 2011, CommonFloor was the center stage sponsor of “Blogomania”, an attractive event at Cognizance, IIT Rookie Tech Fest. This annual fest brought many accolades and fame to our organization.   The same month also added another feather to our hat. CommonFloor was shortlisted among 25 organizations for “Young Entrepreneur Award 2011 by Business World”. Our company was nominated under Category A which included companies that are at least 2 years old and less than 5 years old. It was all our users and communities support which made the same possible.

In March 2011, a very unique “Maintenance Dues module” was developed for an improved maintenance collection process. The module is highly appreciated by the community members as they could see the status of the maintenance and other dues, apartment-wise. This was also highly beneficial in managing the affairs of the society.  Yet again a new look in March with a motto “Key to your Dream Home” & a punch line “Buy/Sell/Rent Property at Your CommonFloor”. A newer, sleeker and faster look of CommonFloor was developed for easy search and access purpose. The motive was to provide the owners the fastest and secure way for Renting or selling their property in simple easy steps.

In April 2011, we saw a rise of over 94% Property Rental/Sale Owners recommending Commonfloor. The survey was done for owners who used CF in eight major cities of the country. Also, 20% of the owners had been recommended by their friends to post their listing at CF.

In May 2011, prioritizing our users’ privacy, we came up with a “Proxy email” service which would temporarily generate email id for the purpose of contacting you by the agents for your listing. We also termed as India’s Most Privacy Friendly Real Estate Destination where the vast database is not to anybody and proper care is taken to not show Email id and mobile number directly on website.  On June 25th, CF participated in Property Buying in Internet Era at Property Buyer’s Summit- Bangalore

In August 2011, CommonFloor came up with a ‘Spirit Of Freedom’ Photography Contest. It was an opportunity for people to show their love for lens and the nation. We got many entries from our users based on Independence Day celebrations in their apartment communities. Photos with maximum votes won many CF goodies and appreciation.

In September 2011, we presented our users with an “Admin Inbox” for easy handling of emails by the moderator of each community listed on CF.

In October 2011, still more new features were added to the website for better usage. You now get an improved and smoother photo gallery. Email reply of a complaint will be automatically added as a comment to the Complaint in the Issue Tracker. Ability to create Folder and Sub-Folders to better manage the documents of your Community. Post your Property Requirement and List Your Property for Sale/Rent in CF got better with added features.

In November 2011, we saw many achievements as a team. CommonFloor was Web 2.0 panelist at FICCI-India R&D 2011, New Delhi. We represented the consumer web application in India and presented forward the various challenges we face and how academia can help us with research and help advance the use of Web 2.0 applications.

The best of the best, CommonFloor bagged the Best website of the year 2011 award in the housing and interior category with highest score on content, design, navigation and recommendation likelihood. The award was an initiative by online research agency MetrixLab. We left behind many our competitors and this was possible only because of all the love, support and encouragement from our users.  We also made it possible to resume our Full SMS Services to our CF users against all odds and previous impact of TRAI SMS guidelines which could affect the smooth functioning of messaging services.

A new and unique Accounting Features was presented to our users with Income & Expenses Tracker in Apartment Management Software. This feature helps you in keeping a track of income and expenses along with your community’s bank accounts.   Major National Daily, The Hindu covered CommonFloor as: “a tool to empower the committee and the owners for better and transparent management.”. It spoke about the four solutions that CF provides: Communication, information, management and accounting. The story also spoke about the splendid journey and expansion of Commonfloor from 2007 to 2011.

As bidding goodbye to wonderful 2011, CommonFloor experimented yet another look, this time with various features and values for better usage in Dec 2011.

On a happy note, along with brand new accounting features CommonFloor will make your Home management a lot easier in 2012. Less worries with money management, improved communications and better collaboration with fellow neighbors. We are even working on getting online payments so you can pay all your maintenance dues for your apartment in just one click.  CommonFloor now serves more than 45,000 gated communities across 100 plus cities in India (and is establishing its presence internationally too). CF is the first consumer-centric real estate portal and also has active communities from smaller cities like Vishakapatnam, Coimbatore, Kochi and many more.

Robin Sharma

Till date, he has eleven international bestselling books on leadership to his credit. One of his bestsellers- The Monk Who Sold His Ferrari which has gained many accolades needs no formal introduction.

His latest book, “The Leader Who Had No Title” has gathered many fans and is already inspiring anyone and everyone that “Now, anyone in any organization can show Leadership“. He has this charm and ability to inspire any number of individuals worldwide with his motivating speech.

Commonfloor.com is proud to be in association with “Rang De” as the Community Partner for Robin Sharma’s live show in Bangalore titled ‘Lead without a Title‘.

Rang De, a nonprofit organization which is a web based initiative supports the rural entrepreneurs who are ambitious in life but due to financial constraint could not come up in life. The organization took the initiative of setting up those businesses by giving them cost-effective loans.

Be a part of this session on 29th February 2012 at Taj Vivanta, Yeshwanthpur, Bangalore and get to hear some “Winning Leadership Lessons to Build a Great Organization”.

The session is in between 9.00 am to 12.00 pm followed by Networking Lunch. Book your tickets before 26th of January 2012 and avail a discount of 35%. If you plan to book your tickets after 26th of January, you can avail a discount of 20% till the 14th of February 2012. Registrations close on 22 Feb 2012. So hurry!!! Click here to register.

Hurry up and be a part of this once in a life time opportunity!

CommonFloor is now the official Online Partner* for IIM Bangalore’s annual cultural fest ‘Unmaad 2012′. The fest planned for Jan 27 to Jan 29, 2012 promises you total excitement and opportunity with a motto to let you ‘escape yourselves‘ from all the constraints; come out of your comfort zone and mark your presence in this tough world.

The special attractions of the fest include Kailasa by Kailash Kher, The Original Jam with BBC hosted by Nicholas Parsons, Special performance by Musician Benny Prasad, B-School of Rock, Fastest Feet in Rhythm by Kathak Maestro Chitresh Das, Workshop by Shantanu Moitra and Shibani Kashyap.

Other in house highlights are Mr & Ms Unmaad, Twists ‘n Tales, Footloose, Haute Couture, Fine Arts, Dance, Dramatics, Music and Literary.

Be a part of this fest and win exciting prizes. For more information, Click Here to buy tickets and avail early bird offers.

Unmaad 2012 for 3 days packed with excitement and opportunity, and escape yourselves.

IIM Bangalore UNMAAD

One of India’s leading newspapers “The Hindu” recently published a feature about Commonfloor.com.

The story spoke about the efforts and vision of Lalit Mangal, Sumit Jain and Vikas Malpani, the founders of Commonfloor which was started in 2007.

Hindu covered Commonfloor as: “a tool to empower the committee and the owners for better and transparent management.”

The story also spoke about the splendid journey and expansion of Commonfloor from 2007 to 2011. In the initial stages, Commonfloor took its roots by introducing E-enabling to residential communities (apartment complexes, gated layouts, villas or colonies) serving major cities in India.

The integrated portal to relive issues in concern with apartments and communities has been successful in providing a helping hand to its users. The four solutions that CF provides are Communication, information, management and accounting.

CF now serves more than 28,000 gated communities across 100 plus cities in India (and is establishing its presence internationally too). CF is the first consumer-centric real estate portal and also has active communities from smaller cities like Vishakapatnam, Coimbatore and Kochi.

CommonFloor (CF) has a long list of free services for apartment owners and has Twin towerz, Olympia opaline, VGN Minerva, Ceebros, Sunnyvale and Atrium etc. as members.

It provides the best information on the available properties along with buyer reviews, and helps the seeker connect to the seller. It is an integrated portal to satisfy real estate services and apartment management needs.

By: Commonfloor Editorial