Housing.com opens office in Vizag

Hyderabad: India's leading full-stack online real estate platform Housing.com on Friday announced the launch of its operations in Vizag, Andhra Pradesh. This move is part of the company's strategy to expand its business in tier-2 cities across India.

The new office of Housing.com is located at Siripuram, Visakhapatnam. The company's sales & marketing personnel, data experts, etc., will be operating from here and will help it cover a market where there has been a great spike in consumer interest for both builder partners and broker partners because of the increase in demand, the REA India-owned online portal said.

Recently the company announced its expansion into north India's Tier-2 cities of Jaipur, Lucknow and Chandigarh.

Commenting on the launch, Amit Masaldan, Business Head, Housing.com, said: "In this day and age when technology has made property purchases a hassle-free experience, more and more people are closing home purchases with the help of online platforms that make this journey smooth. This trend is even more visible in tier-2 cities like Vizag."

"Housing.com's IRIS index revealed that online searches for residential properties touched an all-time high in September 2021, with Vizag featuring on the top-20 cities list on Housing.com's monthly index. The growth was on the back of positive consumer outlook amid easing concerns on the Covid-19 front, historically low home loan interest rates and flexible payment plans being offered by realtors to attract homebuyers. The trend is expected to continue and the industry is poised for a sustained growth in demand. The opening of our new office in the city demonstrates how positive we feel about the extraordinary potential this market offers an online platform like ours," Masaldan added.