Elara Technologies rebrands itself as REA India
New Delhi: Elara Technologies, owner and operator of property portals Housing.com, PropTiger.com and Makaan.com, has now officially become ‘REA India’. The new brand has been named after the parent company REA Group Ltd which is headquartered in Melbourne in Australia.
REA Grp first invested in Elara Technologies Pte Ltd in 2017 and become the majority shareholder of 61 percent shareholder in 2020. A subsidiary of News Corp become the remaining substantial shareholder.
REA Group CEO, Owen Wilson said in a statement: “A key pillar of REA’s long term growth strategy is expanding into large growth markets. Our strong presence in India provides REA Group with exposure to one of the world’s most attractive economies and complements our existing footprint in Australia, Asia and North America.
“The residential real estate market in India presents enormous growth opportunities on the back of rapid digital adoption. Leveraging the combined talent and expertise of REA Group and REA India, we have an exciting roadmap, fuelled by the delivery of highly personalised consumer experiences, to become the clear number one digital real estate business in India,” concluded Wilson.
“In the new avatar, we will solidify our position as the digital real estate platform of choice in India. The new branding will provide us with a strong brand legacy backed by cutting edge technology. We will continue to serve our consumers and customers with the same passion and expand our presence in the promising real estate market in India,” said Dhruv Agarwala, co-founder and CEO, REA India.