Dhruv Agarwala Bids Farewell to REA India After 14 Years of Leadership

In a significant shift within India’s real estate technology space, Dhruv Agarwala has announced his resignation as the CEO of REA India, the parent company of Housing.com, PropTiger, and Makaan.com. His departure marks the end of an era, making way for new leadership while he embarks on his next entrepreneurial venture.

A Legacy of Innovation: From PropTiger to Housing.com

Agarwala’s journey in real estate technology began in 2011 when he co-founded Elara Technologies, the company behind PropTiger, one of India’s leading real estate brokerage platforms. His vision and leadership soon led to the acquisition of Housing.com in 2017, a move that reshaped the digital property landscape in India.

The REA Group Acquisition and Expansion

In 2020, Australian real estate giant REA Group took over Elara Technologies, bringing Housing.com and PropTiger under its umbrella. Under Agarwala’s leadership, REA India witnessed exponential growth, establishing itself as a dominant force in India’s online real estate market.

REA Group’s Announcement and Leadership Transition

In an official statement, REA Group confirmed that Dhruv Agarwala will continue to support the company during the transition period as a successor is appointed. REA Group CEO Owen Wilson acknowledged Agarwala’s significant contribution, stating that his entrepreneurial acumen and strategic foresight have played a pivotal role in REA India’s growth.

Agarwala’s Reflections on His Journey

Commenting on his departure, Agarwala expressed gratitude for his time at REA India, calling it an “amazing journey” from founding PropTiger to transforming Housing.com into a market leader. He emphasized that REA India is well-positioned for the future, backed by a strong team and a well-defined strategy.

Strong Financial Performance and Future Outlook

Despite leadership changes, REA India continues to thrive. The company posted a 46% revenue growth, reaching AUD 64 million (₹357 crore) in the first half of the 2024-25 fiscal year, significantly reducing losses. The previous fiscal year (2023-24) also saw a 31% revenue surge, from ₹430 crore to ₹563 crore.

A New Era for REA India

With Agarwala stepping away, REA India enters a new chapter, leveraging its solid foundation and robust market presence. As the company looks ahead, industry stakeholders eagerly anticipate the next phase of growth and transformation in India’s digital real estate landscape.