REA Group announced that Dhruv Agarwala has decided to step down as CEO of REA India after 14 years with the business. REA India is the owner of Housing.com and PropTiger.com, a digital real estate transaction and advisory platform. Agarwala co-founded PropTiger in 2011 before REA Group acquired a controlling interest in 2020, following its initial investment in 2017.
Agarwala led the successful acquisition of Housing.com and played a central role in the integration of this platform. Under his leadership, Housing.com has grown into a leader in digital property, used by millions of home seekers across the country.
Agarwala will remain with the business to support the appointment of his successor and ensure a smooth leadership transition before departing. A comprehensive process to appoint a new CEO is underway.
Owen Wilson, CEO, REA Group, said, “Dhruv is an exceptional entrepreneur and has harnessed the rapid expansion of digital real estate in India to build a high-growth business. He has created a culture of innovation and developed a talented team who have delivered a market-leading audience and significant revenue growth in a highly competitive market. He leaves behind a considerable legacy that will have a lasting impact.”
“I am grateful for Dhruv’s leadership and friendship over the past eight years and while he will remain with the business for now, on behalf of REA Group, I would like to sincerely thank Dhruv for his leadership and contribution. REA India is in an extremely strong position with an experienced management team and a strategic focus on app-prime property experiences that underscores an exciting future,” he added.
Dhruv Agarwala said, “It has been a privilege leading REA India and I’m incredibly proud of everything we have achieved together. From founding PropTiger in 2011 to growing Housing.com into India’s foremost digital real estate platform, it has been an amazing journey. Now feels like the right time for me to step away and create space for new leadership to take the company forward. REA India is in great shape – with a clear strategy, a strong team, and a powerful brand that’s changing the way people experience property in India. I look forward to watching the company continue to grow and thrive from the sidelines.“
“I want to thank the passionate and talented team at REA India for their passion and commitment and belief in the vision. We’ve accomplished great success together but there’s more to be done and I know they will continue to deliver on our exciting strategy. I also want to express my sincere gratitude to Owen Wilson, REA Group and News Corp for their support over the years and for sharing my vision and ambition for the real estate ecosystem in India,” he added.
