Commonfloor.com an online platform which solves your real estate woes- Yourstory.in

Yourstory.in recently published a feature on CommonFloor.com, which spoke about how the website is a one stop shop, for its users to find their dream home, without going through the hassles of house hunting, dealing with real estate agents and middlemen and even the tedious formalities.


“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.

Impact of Budget 2012 on affordable housing- Deccan Herald

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

"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.

Technology brings neighborhood closer!

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 managed by Vikas Malpani co-founder of CommonFloor.

As Vikas Malpani says, 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!

Vikas Malpani Commonfloor among MIT TR35 list

Vikas Malpani Commonfloor was among 20 innovators and among five from Bangalore in this year's MIT (Massachusetts Institute of Technology) Technology Review. The India edition MIT technology announced 20 innovators. Vikas Malpani has been named Indian Innovator of the Year for bringing communities on a commonfloor.

The five India TR35 members from Bangalore are Vikas Malpani (Commonfloor a product of maxHeap technologies), Shirish Goyal (LinkSmart Technologies), Sumeet Yamdagni (Instrumentation Scientific Technologies), Anirudh Sharma (Ducere Technologies) and Animesh Nandi (Bell Labs India). Priyanka Sharma, 28, from CSIR-run Institute of Microbial Technology in Chandigarh was only woman in this year's MIT TR35 list.

This year Technology Review India received over 250 nominations from all over the country. Over a period of three months, a panel of 23 expert judges identified 20 individuals who have developed technologies that are likely to benefit the society at large.

The 20 technologists would present their innovations at the Emerging Technologies conference EmTech India 2012 at Bangalore later this month. The conference will be addressed by a team of eminent scientists from the Massachusetts Institute of Technology.

The three IIT-Bombay alumni - V.S.K. Murthy Balijepalli, Nitin Joshi and Vanteru Mahendra Reddy - making it to MIT's India TR35 2012.