RoofandFloor.com, the online real estate portal owned by Kasturi & Sons (KSL), has raised an additional capital of Rs 20 crore from its promoters. KSL publishes newspapers such as The Hindu and BusinessLine. It had launched the portal with an initial capital of Rs 25 crore.
KSL’s new subsidiary – KSL Digital Ventures – forayed into online property listings business in September 2014 and launched RoofandFloor.com with about 6,000 new projects from leading builders in Chennai. It officially launched its operations in September 2015 and in less than one year, expanded its presence to Bengaluru, Hyderabad and Coimbatore.
“In a short span we have been counted among the top 3,000 websites in the country. We have covered four major cities in south India and more than 1,500 builders have listed over 10,000 new projects on our portal. We will start our operations in Mumbai and Pune sometime during the third quarter this year,” Gowri Shankar Nagarajan, chief executive officer, RoofandFloor.com told FE.